/-/539546/539546/-/88oe25/-/index.html http://www.businessdailyafrica.com/Treasury+to+stop+financing+indebted+state+corporations++/-/539546/1411464/-/2lnkhkz/-/index.html State corporations and agencies that fail to meet their financial obligations will not be bailed out but will be left to collapse, Finance minister Njeru Githae said on Tuesday. 2012-05-22T17:45:29Z http://www.businessdailyafrica.com/MPs+push+to+stop+posting+of+county+commissioners+/-/539546/1411448/-/v909po/-/index.html Controversy over the recent appointment of 47 county commissioners has prompted MPs to ask for suspension of the officials’ posting to the devolved units until a clear policy is put in place to guide deployment. 2012-05-22T17:31:34Z http://www.businessdailyafrica.com/University+plans+course+on+medical+equipment+design/-/539546/1411392/-/t50hnq/-/index.html Kimathi University College of Technology plans to launch an engineering course to help Kenya manufacture its own medical equipment. 2012-05-22T16:47:28Z http://www.businessdailyafrica.com/-/539546/1411390/-/oxqjss/-/index.html The Office of the Auditor-General is seeking to have its budget determined by Parliament and not the Treasury, citing lack of independence. 2012-05-22T16:46:44Z http://www.businessdailyafrica.com/Kenya+gets+Sh29bn+loan+for+bypass+in+Mombasa/-/539546/1411386/-/xe39x6z/-/index.html Kenya has secured a Sh29 billion loan from Japan for construction of a bypass in Mombasa, boosting efforts to ease movement of cargo from the port. 2012-05-22T16:44:06Z http://www.businessdailyafrica.com/-/539546/1411384/-/oxqjs1/-/index.html Salaries team says an independent firm will work out job details for state officials 2012-05-22T16:43:19Z http://www.businessdailyafrica.com/Kenya+MPS+file+motion+to+probe+secessionist+group+grievances/-/539546/1411162/-/h35gjb/-/index.html Two members of Parliament have filed two separate motions seeking to establish a select committee to look into the grievances of the banned secessionist Mombasa Republican Council 2012-05-22T14:20:22Z http://www.businessdailyafrica.com/Treasury+bails+out+City+Hall+/-/539546/1410812/-/d8cukj/-/index.html The Nairobi City Council has defaulted on the Sh212 million loan it borrowed from the United States Agency for International Development (USAID), forcing taxpayers into a multi-million shilling bail-out that uncovers the depth of City Hall’s financial troubles. 2012-05-21T18:26:18Z http://www.businessdailyafrica.com/Ban+flood+irrigation+parliamentary+team+asks+State+/-/539546/1410800/-/ljy83cz/-/index.html A parliamentary committee has threatened to block all funding to the National Irrigation Board (NIB) in a push to phase out flood irrigation. 2012-05-21T18:20:05Z http://www.businessdailyafrica.com/House+team+seeks+more+cash+for+ministry+in+2013+Budget+/-/539546/1410796/-/y63ienz/-/index.html The Local Government ministry is seeking additional funds to clear its debts including Sh659 million owed to contractors who built the Sh1 billion Muthurwa hawkers market in Nairobi. 2012-05-21T18:18:05Z http://www.businessdailyafrica.com/Sale+of+26+State+firms+faces+delay+in+busy+House+/-/539546/1410794/-/jlm7iq/-/index.html The privatisation of 26 state firms — which has stalled since 2010 — could face further delays due to the heavy parliamentary agenda because nominees have to be vetted. 2012-05-21T18:17:12Z http://www.businessdailyafrica.com/pressure+on+planners+to+fix+Ugandas+sugar++/-/539546/1410704/-/r7sad0z/-/index.html Uganda will need three more years to produce enough sugar to surpass its consumption needs, going by available statistics. But this will only come to pass if the country applies the right interventions to fix both internal and external bottlenecks; 2012-05-21T17:46:24Z http://www.businessdailyafrica.com/State+agencies+fail+to+spend+budget+billions+as+year+closes+/-/539546/1409904/-/smjxhgz/-/index.html Key government departments failed to spend the billions of shillings allocated to them in the national budget leaving the economy without the financing steam to power growth. 2012-05-20T16:03:14Z http://www.businessdailyafrica.com/America+plots+to+counter+China+in+EAC+with+new+pact++/-/539546/1409890/-/tdmfjy/-/index.html Kenya and other East Africa economies could witness a huge inflow of investment and development support as the US moves to counter the gains made by surging Asian nations such as China and India. 2012-05-20T15:56:15Z http://www.businessdailyafrica.com/VAT+refund+arrears+pile+despite+Kibaki+order+/-/539546/1409880/-/14d0mejz/-/index.html Unpaid value added tax (VAT) refunds have nearly doubled in the past two years despite a presidential directive to the Treasury that it pays the money promptly to enhance companies’ cashflow. 2012-05-20T15:48:12Z http://www.businessdailyafrica.com/Value+addition+spurs+trade+in+cassava+/-/539546/1409876/-/15uhdp7z/-/index.html A not-for-profit group, Farm Concern International, is seeking to boost value addition for cassava, which the poor largely consume as subsistence food, across the region. 2012-05-20T15:47:12Z http://www.businessdailyafrica.com/Treasury+falls+short+of+third+quarter+tax+target+by+Sh48bn+/-/539546/1409874/-/hag1mkz/-/index.html The Treasury fell short of revenue collection target by Sh47.7 billion at the end of the third quarter of the 2011/12, an official report issued at the weekend shows. 2012-05-20T15:46:25Z http://www.businessdailyafrica.com/Disputes+loom+as+House+picks+EALA+members++/-/539546/1409870/-/1f9p5s/-/index.html Parliament will next week elect nine nominees to the East African Legislative Assembly (EALA) for the first time, an exercise that is likely to test partisan political strengths following recent shifts in loyalties. 2012-05-20T15:45:22Z http://www.businessdailyafrica.com/Court+nullifies+Njoroges+appointment+as+CCK+boss+++/-/539546/1408302/-/fuxl6mz/-/index.html The appointment of public service executives on Thursday came under fresh scrutiny after the High Court nullified a Gazette Notice that legalised the controversial re-appointment of the CCK Director General. 2012-05-17T18:29:30Z http://www.businessdailyafrica.com/AG+pushes+for+changes+in+sharing+of+music+cash+/-/539546/1408300/-/57w0tsz/-/index.html Music producers and performers including guitarists, drummists and dancers will start getting equal remuneration from television and radio royalties, if proposed changes in the copyright laws are passed. 2012-05-17T18:29:09Z http://www.businessdailyafrica.com/Survey+shows+counties+may+face+jobs++/-/539546/1408264/-/7g8ebi/-/index.html Job creation should be top on the list of worries for the next national and county governments going by the disconcerting statistics released early this week. 2012-05-17T18:08:36Z http://www.businessdailyafrica.com/US+supports+extension+of+duty+waiver+/-/539546/1408252/-/ep9x1c/-/index.html The US favours the extension of a trade rule that allows for duty-free importation of African garments made from fabric sourced from other countries, a senior official has said. 2012-05-17T17:59:51Z http://www.businessdailyafrica.com/Lawyers+headed+for+showdown+over+county+appointments+/-/539546/1408248/-/h5wocqz/-/index.html Lawyers are headed for a legal showdown after taking different positions on President Mwai Kibaki’s appointment of 47 county commissioners last Friday. 2012-05-17T17:56:19Z http://www.businessdailyafrica.com/Chemical+blamed+as+fruit+exports+fall++/-/539546/1408240/-/kupk46/-/index.html Quarter one vegetables sales in the European market dropped after a ban on a pesticide said to cause cancer took its toll on exports. 2012-05-17T17:47:28Z http://www.businessdailyafrica.com/Kenya+approves+road+project+along+Nairobi+national+park/-/539546/1408076/-/bxdj1gz/-/index.html The Cabinet has approved the ongoing construction of a transport corridor along the northern edge of Nairobi National Park. 2012-05-17T16:01:42Z