Business daily apr 3rd 2015

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Ideas & Debate

Life

Page 9

Page 26

Contrasting the fortunes of Singapore and Kenya

Delivery turns sour for Murang’a milk Governor

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MCAs ≥ob counties of billions in bloated sitting allowances Representatives defy budget caps to fill their pockets with public funds

Sitting allowances per MCA between last July and Dec. Highest earners Sh per month Uasin Gishu Migori Trans Nzoia Homa Bay Bungoma Kisii Nyeri Turkana Kirinyaga Nyandarua

KSH60 | TZ SH1,700 | UGSH2,700 | RFr900

Friday April 3, 2015 - Sunday April 5, 2015

NO. 2066

312, 339 185, 792 178, 168 165, 120 154, 700 148, 699 146, 389 143, 722 141, 894 138, 975

SOURCE: CONTROLLER OF BUDGET

BRIEFING

Your free weekly 16-page pullout inside

BY NEVILLE OTUKI

The extent of public funds misuse by devolved governments was once again laid bare with the release of a report showing continued rise in the amount of money Members of County Assemblies (MCAs) earn in sitting allowances.

The report prepared by the Controller of Budget Agnes Odhiambo shows that Uasin Gishu MCAs led the allowances gravy train, having earned an average of Sh312,339 each in the first half of the current fiscal year ending WASTE, Page 4»

Kenyatta aide linked to EACC corruption dossier President Uhuru Kenyatta’s aide Jomo Gecaga has been linked to the preparation of the controversial list linking 175 top State officials to corruption as Ethics and AntiCorruption Commission (EACC) officer Irene Keino claims that her life is in danger.

Page 5»

Foreign investor outflow at NSE hits Sh3 billion Foreign investors moved a net of Sh3.16 billion from the NSE in the first quarter of the year, according to data from Standard Investment Bank (SIB), largely on profit taking.

Page 19»

Tou≥ism suffe≥s setback f≥om Ga≥issa te≥≥o≥ attack

BY CHARLES MWANIKI

Somalia-based terrorist group AlShabaab’s attack on Garissa University College only days after the UK issued a fresh warning to its citizens against travelling to certain regions was the clearest indication of how low Kenya’s relations with its traditional allies have dipped.

The advisories, which were issued early this week amid protests from the Kenyan government, warned of looming terrorist attacks at the Coast or in areas close to the Somalia border.

“The UK has updated its travel advice for Kenya, adding advice against all but essential travel to the Coast

Don’t Miss Your copy!

from Tiwi (just south of Mombasa) all the way up to the border with Somalia,” said the advisory.

President Uhuru Kenyatta angrily responded to the alerts, insisting they were based on false information about Kenya’s security.

Hostile reaction by authorities and the coming to pass of the attacks have signalled that very little intelligence sharing is happening between Kenya and foreign governments.

At least 15 people were killed in the gun attack that was immediately followed by an Al-Shabaab statement claiming responsibility.

The attack, which happened after two months of relative calm, is expected to delay ATTACK, Page 4»

A student who was seriously injured during a terrorist attack at Garissa University College yesterday is helped onto a military plane in Garissa. At least 15 people were reported dead and scores injured. JEFF ANGOTE

In your copy of the Sunday Nation on 5th April 2015; Kenyatta University Invites applications from qualified applicants for the UNDERGRADUATE AND POSTGRADUATE DEGREE SELF SPONSPORED PROGRAMMES (SSP) FOR MAY AND SEPTEMBER 2015 INTAKE which will be offered in the MAY and SEPTEMBER 2015 to be taken under Full Time and Part Time mode of study at Kenyatta University Main and all Satellite Campuses.

Kеnуatta Unіvеrѕіtу

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BUSINESS DAILY | Friday April 3, 2015

TOP NEWS Index to companies

Accident

Major companies cited in today’s issue of the Business Daily

Goldplat

7

Stantech

7

CMC

7

Safaricom

8

Equity

8

Fly540

8

Paypal

8

Barclays

12,13

DON’T MISS PAGES 27-31

LI E

Most read on BD online Uhuru gives UK ultimatum on Sh8bn army training 1. deal

MONDAYS - PERSONAL FINANCE

Senate reveals the secrets of EACC ‘List of Shame’ 2. report Safaricom silent as two more staff exits fuel 3. speculation Why I think I’m a great mum and wife (and PR 4. tycoon) KQ withholds deductions from salaries to aid 5. cashflow Equity Bank builds Sh20bn war chest for Africa 6. buyouts

7.

Centum signs sweetheart deal with UK duo for Vipingo land

8.

Kenya Power now sends 24 senior managers packing in major shake-up Muranga Governor Mwangi wa Iria held by 9.

EACC police Sonko, Kavuludi surprise 10. inclusions in Uhuru dossier

11.Broke Kenya Airways sinks deeper into debt to pay staff

12.

You can build a decent house in one month CBK staff locked out of 13. deputy governor’s job PSC shortlists five to 14. battle out for Central Bank governor position

15.

Ombudsman now takes on insurance cartel in court

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Nakuru

Medics at the Rift Valley General Hospital attend to passengers of a 14-seater matatu that was involved in an accident with a lorry at Totem on the Nakuru-Eldoret Highway yesterday, killing five people and seriously injuring 15 others. According to police, the driver of the matatu heading to Nakuru from Ngata was trying to avoid hitting a cow crossing the road when it collided head-on with the lorry headed to Eldoret. SULEIMAN MBATIAH

TUESDAYS - CONSUMER

What made news this week Week that was Monday, March 30, 2015

Equity Bank builds Sh20bn war chest for Africa buyouts Equity Bank has created 400 million shares with a current market value of Sh20.9 billion, boosting its war chest for acquisition of lenders across the continent through share swaps and private placement. This will be supplemented by Sh36 billion in borrowings and a further Sh160 billion through a rights issue or secondary IPO ahead of plans to expand into ten countries.

Ombudsman now takes on insurance cartel in court The Office of the Ombudsman has accused the insurance watchdog of illegally fixing motor vehicle cover prices and restricting the lion’s share of the industry pie to a cartel of big firms.

Ombudsman Otiende Amollo has filed an anti-trust suit at the High Court against the Insurance Regulatory Authority (IRA), seeking to quash a 2009 directive which he says has paved the way for a few insurance companies to control the majority share of clients.

Tuesday, March 31, 2015

KQ withholds deductions from salaries to aid cash flow The depth of Kenya Airways’ financial challenges continued to emerge with Monday’s revelation that the airline has not remitted to banks money it deducted from employees’ monthly salaries to service loans. The delay in loan payments has left hundreds of the carrier’s

employees in a difficult position after the banks wrote warning letters to the debtors. The pilots have since written to the Kenya Airways management warning that failure to remit the deducted funds was damaging their credit-worthiness.

Obama visit signals better diplomatic ties with US US President Barack Obama’s plan to visit Kenya in July has offered the clearest indication yet of the continued warming of US-Kenya relations. They had sunk to their lowest depths in early 2013 with the election of Uhuru Kenyatta as Kenya’s president despite warnings from US officials that voters should not elect someone facing crimes against humanity charges at the International Criminal Court at The Hague.

Wednesday, April 1, 2015

Sonko, Kavuludi surprise inclusions in EACC dossier Details of economic crimes allegedly committed by the 175 State officers under pressure since Thursday to vacate their offices were Tuesday revealed as Parliament made public the dossier that President Uhuru Kenyatta left in the House during his State of the Nation address.

The senior public officials, including Cabinet secretaries, principal secretaries, governors and MPs are accused of looting public coffers, conspiring with private firms to inflate prices of public goods, illegal transfer of land and rigging of tenders in favour of associates.

Kenya Power sends 24 bosses packing in major shake-up Electricity distributor Kenya Power has sent

24 senior staff packing in a management shake-up its chief executive Ben Chumo says is linked to a recent audit of the firm that recommended a reduction of positions at the top. The majority of the exiting managers had been asked to apply afresh for fewer top jobs that were left after the restructuring, but were not successful.

Thursday, April 2, 2015

WEDNESDAYS - HEALTH

Treasury cracks down on fuel guzzlers for county chiefs Top county government officials are set to lose the luxury of being chauffeured in fuel guzzlers following the publication of new regulations capping the capacity of cars they can buy. The regulations, which Treasury secretary Henry Rotich tabled in Parliament on Tuesday, limit the capacity of vehicles driven by governors, county executives and county representatives at 3,000 cc. The Public Finance Management (County Government) Regulations 2015 restrict governors to using saloon cars not exceeding 2,600 cc and 4X4 utility vehicles of not more than 3,000 cc.

Equatorial Bank chief out as Mwalimu seeks turnaround The chief executive of Equatorial Commercial Bank (ECB) Sammy Itemere has left the institution, marking the first major change effected by the new majority owner Mwalimu Sacco. Mr Itemere’s employment was severed in February, setting the stage for his replacement with an advert for the position on Wednesday.

He had held the post since May 2013 when he was hired by businessman Naushad Merali from Imperial Bank where he was head of retail and SME banking.

THURSDAYS - INNOVATION

Friday April 3, 2015 | BUSINESS DAILY

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TOP NEWS RADAR SCREEN

E-COMMERCE

REUTERS

Amazon India has registered 300 per cent growth since October launch

Designe≥s c≥eate new p≥oducts fo≥ online shoppe≥s W hen Amazon launched its India fashion section in October last year, many called it a late entry in a market dominated by big local players. Three months down the line, the American online retail giant has registered a 300 per cent growth in apparel sales and fashion has become one of its top three segments in India.

The e-commerce industry in India is expected to cross $100 billion in the next four years, with 35 per cent coming from fashion alone. Amazon has chosen a long-term, layered strategy to tap into the demand from online shoppers, set to cross 250 million by 2020.

The company has tied up with the country’s premier fashion body, the Fashion Design Council of India (FDCI), and launched a designer store on its platform as part of the strategy.

But can designer wear be successful in a medium that attracts many of its users because of discounts? Vikas Purohit, head of fashion at Amazon India, says he foresees the country’s top designers creating products especially suited to online retail to tackle price considerations.

Below are excerpts from the interview. Quotes have been lightly edited

for clarity.

Why is Amazon tying up with FDCI and sponsoring its ongoing fashion week?

For us, this is not a commercial arrangement and it’s not a partnership for the fashion week. We have done a larger partnership with the FDCI where we will be doing many more things together.

They mentioned that they are an NGO and their objective is to grow fashion and fashion designers in India and outside India. We came from a point of view where we believe that today Amazon has to play a role of building a fashion eco-system.

Like other retailers, Amazon is a platform for the masses. And, arguably, designers and fashion weeks cater to a certain class…

The assumption is not correct that it is for the masses. If you look at the Amazon India Fashion Week, it is centred around prêt and diffusion lines. So this is a more accessible part of fashion.

We realized that the number of Indians searching for Indian designers on our platform was quite a lot.

We reached out to designers through FDCI and the discussion happened that: “You people are wanted everywhere. Today you have just two stores – one in Delhi and one in Mum-

control pricing so you choose at what price you want to sell your products.

We will ensure we work with you to create a great experience for your product, for your store. Most of them were convinced that this is an exponential way to grow.

So will the price of clothes by designers be the same online and in physical stores?

What I foresee happening is they will start creating products which are very different from what is available in their couture stores. Product usually will be a very customised product.

That is what they will create for this medium – something that is more scalable and commercial. It’s an assumption that over and above what they have, designers will create new ranges for e-commerce and the customer.

Vikas Purohit, Amazon India head of fashion. bai – and you are creating products only for those two stores.” But if they get access to 19,000 PIN codes, they said they will be very keen to create different products because they want to become brands. That is one part of the problem which is getting solved.

There is a bigger part of the problem which is also getting solved. Think of the umpteen number of new designers that get out of design schools in India.

Now, with this initiative that we are doing with the FDCI, we want to open up the floodgates: any designer can come on Amazon and build his store.

Whatever he sells, he pays us a small commission on that. You will see many more new names coming up because

they will see success on Amazon.

The top fashion designers are usually considered exclusivist. Do you think the problem of access can be solved?

It’s not that these designers don’t have the aspiration to grow big. The problem was that they didn’t have market knowledge, which we are going to provide to them. It’s very expensive to reach out to so many markets in India.

Were some designers reluctant to go online?

There was aversion to going online.

The aversion was the fact that e-commerce is a discount-led phenomenon.

We are very clear about it. We don’t

What if they don’t play to the rules of e-commerce and don’t offer discounts/cheaper alternatives?

If designers are hungry to succeed, the supply and the demand will merge. We have the patience and the long-term vision to wait out for years to let that happen.

What about private labels on Amazon India?

We don’t have any private labels in India on Amazon.

Willthecollectionsatthisyear’s Amazon Fashion Week be up for grabs on the Amazon website?

It’s up to the designers – how many of them want to put it up and ensure that it gets launched on Amazon first. And those discussions are happening and you will see the products on Amazon soon. A normal assumption is that any designer who will showcase his range in future fashion weeks would love to launch those on Amazon itself. Most of them are coming online.

Heath≥ow now plans to cut domestic cha≥ges by a thi≥d Heathrow airport plans to cut the fee it charges airlines for passengers travelling to other UK destinations by a third from next year.

The move would reduce the charge from £29.59 to £19.59 in a bid to boost regional connections to Britain’s busiest airport.

The airport is also proposing raising environmental charges to encourage cleaner, quieter planes.

Heathrow serves just seven regional destinations, down from 18 in 1990.

Charges for passengers flying to European destinations will also be cut by £5 to £24.59.

The airport hoped the reductions, which would take effect on 1 January,

would encourage fuller planes and make more efficient use of limited capacity. Airlines are not obliged to pass on the savings to passengers but it is expected that many would.

John Holland-Kaye, chief executive of Heathrow, said: “Our proposal to cut passenger charges by a third for domestic services will help us continue to drive the tourism, exports, inbound tourism and foreign direct investment that supports economic growth across the whole of the UK.” The review of charges is part of the airport’s attempt to keep existing domestic routes commercially attractive to airlines and meet the recommendations of the National Connectivity Task-

force. Last month, the airport pledged to open more routes to domestic destinations if it is allowed to expand and build a third runway. New routes could include Humberside, Newquay and Liverpool. Edinburgh is one of the few regional airports to remain connected with Heathrow According to Heathrow, 1.7 million passengers connecting with long-haul flights in Amsterdam, Frankfurt, Paris or Dubai could potentially be persuaded do so through the London airport if charges were reduced.

It also plans to alter the minimum departure charge for all flights, which currently stands at £1,406.

The proposals mean that airlines

would have to pay a minimum of £1,268.40 per flight, £1,592.15 for EU flights and £2,689.82 for non-EU destinations.

Heathrow reviews its charging structure every five years. The final schedule will be announced in August.

Heathrow’s bosses concede that they’ve lost ground in short-haul UK and European flights, while the scarcity of landing slots has pushed airlines to use them for more lucrative long-haul flights.

In the past 25 years, Heathrow’s UK and Crown Dependency links are down from 18 destinations to only seven. Other London airports and rail offer alternatives, but that can be in-

convenient for outbound passengers, and a blockage for inbound travellers who might otherwise visit other parts of the UK. While Northern Irish links with London are almost all by plane, 69% of travellers between Scotland and London go by air. Yet there is no Heathrow link to Inverness.

Only BA links Heathrow to Glasgow, and Little Red, part of Virgin Atlantic, is to ground its links to Edinburgh and Aberdeen in September, leaving British Airways without competition. Meanwhile, smaller airports are closing or need government support without London links, including Blackpool, Newquay, Plymouth, Prestwick and Dundee. -BBC

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BUSINESS DAILY | Friday April 3, 2015

TOP NEWS

G≥eedy MCAs ≥ob counties of billions in sitting allowances »From Page 1

June 31. The county this expense be conducted to ascertain has 45 MCAs. At Sh312,339, an MCA in validity of the expenditure,” says Ms Uasin Gishu took home 10 times more Odhiambo in the report. than his or her counterpart in the more Overall, the 47 devolved units blew frugal counties such Kajiado where av- Sh1.4 billion on meeting allowances. erage earnings stood at Sh30,725 for Besides, the county representatives the 42 MCAs and nearly three times spent Sh1.6 billion on foreign and dothe Sh124,800 ceiling fixed by the mestic travel or nearly half the Sh3.7 Salaries and Remuneration Commis- billion they spent travelling in the last fiscal year. sion (SRC).

Uasin Gishu was also the top allowThe Salaries and Remuneration ances paying assembly in the 2013/14 Commission has issued guidelines fiscal year when its MCAs indicating that MCAs earned Sh235, 743 per should not earn more month each.

This implies that than Sh124,000 a month in sitting allowances — a Vihiga MCAs earned an average of Sh12,225 per funds meant fo≥ directive that 12 counties month each in sitting alothe≥ activities breached, up from seven lowances in the six-month we≥e dive≥ted to in the last financial year. period, making it the lowest The list of counties paying county government. pay MCAs’ sitting that breached the set limThe report says that on avit includes Uasin Gishu, allowances erage, each of Kenya’s 2,259 Kakamega (Sh134,700), AGNES ODHIAMBO MCAs pocketed Sh106,371 Kirinyaga (Sh141,894), CONTROLLER OF BUDGET Kisii (Sh148,699), Migori in sitting allowances in the (Sh185,792), Nyandarua period under review – surpassing the Sh100,000 mark for the (Sh138,975) and Nyeri (Sh146,389). first time. The average monthly pay- Others are Siaya (Sh142,995), Taita out stood at Sh88,044 in the last fis- Taveta (Sh124,598), Trans Nzoia cal year.

(Sh178,168), Turkana (Sh143,722) and Ms Odhiambo has consistently Wajir (Sh126,958).

The report shows that the number warned that meeting allowances are taking a huge chunk of county govern- of counties whose sitting allowance ment revenues and wants the budget payouts exceeded the budgetary alloline reassessed. cation dropped to one from six in the “The Office of the Controller of last financial year. Only the Turkana Budget recommends that an audit of county assembly was affected, having

Jubilant ward representatives during a County Assembly Forum at the Bomas of Kenya in Nairobi last year. FILE spent Sh41.39 million on sitting allowances and exceeded its annual budget allocation of Sh10 million by a whopping 413.9 per cent.

“This implies that funds meant for other activities were diverted to pay MCAs’ sitting allowances,” says Ms Odhiambo.

Many Kenyans view elected representatives, including MPs, as greedy individuals who seek public office for personal gain in a country that is beset with high levels of poverty and an unemployment rate of about 40 per cent. Despite the heavy perks, the representatives have continued to push for higher pay, including mortgage, car grants, ward offices and a budget for hiring aides like drivers, bodyguards and secretaries.

The Controller of Budget has also cast the spotlight on counties that spent a high proportion of their annual budgets on MCAs sitting perks.

The list includes Elgeyo Marakwet (96.8 per cent), Mombasa (78.1 per cent) and Kisii (73 per cent).

In real terms, Nairobi spent the most cash on sitting allowances at Sh89.23 million for its 128 members, but each took a smaller pay of Sh116,186, which nevertheless grew

from Sh96,871 last fiscal year.

Isiolo did not, however, spend a penny on MCAs’ sitting allowances, the report shows.

Besides Vihiga, the other low spenders were Kajiado (Sh30, 725), Nandi (Sh32, 623) and Baringo (Sh32, 842).

The rise in MCAs’ allowances comes at a time when MPs are enjoying heavy perks, which are expected to cost the taxpayer more than Sh4 billion in the current financial year MPs are entitled to a tax-free car grant, mileage allowances, pension and unlimited committee sessions.

Though each of the 416 Members of the National Assembly and Senate earn a basic monthly salary of Sh532,500, the allowances push their monthly take-home to more than Sh1 million.

The lawmakers have argued that they deserve higher salaries because their constituents expect them to provide charitable support.

MPs earn the additional income by holding as many committee sessions as they deem necessary.

The lawmakers were also granted a top-up of Sh135, 255 per month for a contributory pension scheme calculated at 31 per cent of their basic salary that is not taxed.

Each legislator also has a Sh5 million car grant that is 50 per cent higher than the 10th Parliament’s Sh3.3 million. Kenyan legislators are paid mileage claims at the rate of Sh109 per kilometre for up to 750 kilometres a week.

Additional travel distance is compensated at the rate of 70 per cent or Sh76.30 per kilometre as approved by the Automobile Association of Kenya.

This gives the MPs an opportunity to earn additional Sh327,000 in monthly travel allowances. notuki@ke.nationmedia.com

Tou≥ism suffe≥s setback afte≥ te≥≥o≥ist attack recovery of the tourism sector, one of Kenya’s key foreign exchange earners. Tourism sector operators had hoped that the prevailing calm would offer a strong foundation for the recovery after a lean 2014 that saw arrivals drop drastically in the wake of travel advisories issued by governments of key source markets like the UK and US. Terrorism threats saw bed occupancy in the coastal tourism hub fall below 20 per cent during the 2014 highseason—which starts in July. The hotels normally operate at more 90 per cent during the period. The hotels need bed occupancy of between 60 and 70 per cent to break even.

In the third quarter of last year, occupancy fell to 14.6 per cent, and hoteliers yesterday said they expect to record low business over Easter.

Tens of hotels have closed shop »From Page 1

while others have shed jobs, reflecting the poor state of affairs in a sector that also supports auxiliary sectors such as handicraft makers, taxi drivers, fishermen and farmers.

The attack came only a days after Mr Kenyatta directed Kenyan envoys in a biannual conference held last week to market Kenya as a safe tourist destination.At a diaspora conference held on Wednesday, the President also urged Kenyans living abroad to help woo tourists back despite the wave of militant violence.

Taking into account the terror attack, markets closed lower ahead of the Easter holidays. The NSE 20 share index dropped 43 points to close at 5196 points.

Inspector General of Police Joseph Boinnet said the armed attackers shot the guards manning the university gate as they forced their way into the institu-

tion, where they indiscriminately shot people. Reports suggested that some students were held hostage by the gunmen in the college hostels.

Interior secretary Joseph Nkaissery said only 280 out of the 815 students of the university had been accounted for, nearly eight hours after the attack began.

Mr Boinnet said security personnel surrounded and sealed off the college as they fought to flush out the gunmen and rescue the hostages.

Mr Kenyatta reacted to the terror attack by directing that the recruitment of 10,000 police recruits that had been stopped by court proceeds immediately as he blamed rising insecurity on shortage of security personnel.

“I take full responsibility for this directive. We have suffered unnecessarily due to shortage of security personnel.

Kenya badly needs additional officers,

and I will not keep the nation waiting,” he said. Reuters quoted Al-Shabaab spokesman Abdiasis Abu Musab as claiming responsibility for the attack and saying that they were holding Christian hostages after releasing Muslims.

Al-Shabaab have been responsible for most of the terror attacks in in Nairobi, North Eastern and along Kenya’s coast.

In September 2013, Al-Shabaab gunmen stormed Westgate Mall in Nairobi, killing at least 68, while June and July 2014 they killed close to 100 people in a series of attacks around Mpeketoni, Lamu County.

In November last year, they commandeered a Nairobi bound bus just outside Mandera town, killing 28 Kenyans—mostly school teachers. This has led to teachers posted to Mandera refusing to report to work in the area, paralyzing education services.

Uhu≥u defies cou≥t, o≥de≥s en≥olment of police ≥ec≥uits

BY GERALD ANDAE

President Uhuru Kenyatta yesterday defied the Judiciary and directed the Inspector General of Police to start training the 10,000 recruits whose hiring was stopped last year by the High Court.

The decision, which looks set to trigger friction between the Judiciary and the Executive, was reached following terror attack at Garissa University College which President Kenyatta partly linked to lack of adequate security personnel.

At least 17 people were killed and scores wounded when masked gunmen from Islamist militant group AlShabaab stormed the campus, took students hostage and exchanged fire with security forces over several hours.

“I direct the Inspector General of Police to take urgent steps and ensure the 10,000 recruits whose enrolment is pending, promptly report for training at the Kenya Police College,” said Mr Kenyatta in a statement.

He said that he would take full responsibility of the directive issued to IG Joseph Boinnet.

Yesterday morning, armed militia attacked a university college in Garissa and killed 17 people with more than 50 others wounded. Al-Shabaab claimed responsibility for the attack.

High Court Judge Isaac Lenaola last year said an audit into police recruitment indicated that the exercise was marred by many irregularities.

“In the instance case, I find and hold that the National Police Service Commission failed itself, it failed Kenyans, it failed the recruits, it failed the Constitution and it must be told so. I am satisfied that drastic action must be taken, painful or unpopular as it may be,” said Mr Lenaola during the ruling. The Independent Policing Oversight Authority (IPOA) had filled a case seeking to have the process overturned and started afresh following complaints by the public.

The move affected 1,215 would-be recruits out of the 10,000 meant to join the police training college at Kiganjo in August last year.

President Uhuru Kenyatta. PSCU

Friday April 3, 2015 | BUSINESS DAILY

5

ECONOMY & POLITICS NEWS I REVIEWS I ANALYSIS

Kenyatta aide linked to EACC co≥≥uption dossie≥ SCANDAL Anti-graft boss Waqo says he did not

expect the President to unveil confidential brief submitted on February 19 to the National Assembly Justice and Legal AfPresident Uhuru Kenyatta’s aide Jomo fairs committee. I think it is on this basis Gecaga has been linked to the prepa- that the President got interested. ration of the controversial “He then asked me to list linking 175 top governgive a detailed brief which ment officials to corruption I did not fo≥esee I presented to him at State as EACC commissioner House,” he said.

Irene Keino claims that the possibility of it Mr Waqo said he was her life is in danger. (the confidential not aware that the President would annex the conEthics and Anti-Cor≥epo≥t) being ruption Commission fidential brief to his report made public (EACC) chief executive on implementation of National Values which was Halakhe Waqo told the HALAKHE WAQO presented to Parliament Senate that Mr Gecaga inEACC CHIEF EXECUTIVE vited him to State House to two weeks ago. provide a brief on the sta“To me, the report was tus of investigations into the corruption confidential and meant for the Presicases ahead of Mr Kenyatta’s address dent’s consumption. I did not foresee the possibility of it being made public,” to Parliament.

“I was invited to give a brief on the he told the Senate Standing Committee status of corruption investigations. I on Legal Affairs. EACC’s independence tabled a report that the commission is protected in the Constitution and it

BY EDWIN MUTAI

President Uhuru Kenyatta’s aide Jomo Gecaga ((left). Ethics and Anti-Corruption Commission CEO Halakhe Waqo when he appeared before the Senate Committee on Legal Affairs at Parliament Buildings in Nairobi yesterday. FILE AND SALATON NJAU should not be controlled or directed by any arm of government.

Senior public officers, including cabinet secretaries, principal secretaries, governors and MPs are accused of looting public coffers, conspiring with private firms to inflate prices of public goods, illegal transfer of land and rigging of government tenders in favour of associates. Mr Waqo, commission chairman Mumo Matemu, and vice-

chairperson Irene Keino separately testified before the committee on the confidential list, the abrupt resignation of Prof Jane Onsongo and the workings at the commission.

The commissioners said they were under pressure both within and outside the commission following their investigations into mega scandals. Ms Keino said she was summoned alongside Prof Onsongo to the Office of the President

where two State officers threatened them and asked them to resign.

“Prof Onsongo grabbed the opportunity. I refused to resign because I had intelligence that our resignation was not going to end there. The road ahead was not going to be smooth,” she told the committee and declared that her life was in danger, prompting the committee to seek additional security for her.

She refused to name the two State officers. “I chose to provide a confidential letter which I think will help me minimise the threats,” she said.

The commissioners blamed Mr Waqo for the squabbles at EACC, saying he had refused to implement resolutions of the commission.

The CEO conceded that he prepared the report without the knowledge of the commissioners. Mr Matemu and Ms Keino said the commission did not know the content of the confidential brief until Monday, four days after the President had tabled it in Parliament. emutai@ke.nationmedia.com

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BUSINESS DAILY | Friday April 3, 2015

ECONOMY & POLITICS

Collapsed building t≥aps many

BY BD REPORTER

An unknown number of people are trapped under a building that collapsed yesterday behind Nairobi’s Thika Road Mall in Roysambu.

The residential building that was under construction came down at 10.30am and most of those trapped were construction workers.

Kasarani police chief Francis Sang’ said rescue operations were under way. “We already have the National Youth Service, the Red Cross and some other rescue teams. We are looking for the owner of the building,” he said.

Nairobi has in the past few months experienced a series of building tragedies, with several lives being lost. On December 17, a five-storey residential building that was partly occupied and was still under construction collapsed in Kaloleni, killing seven, Three weeks later, another building collapsed in Huruma, killing five people and injuring several others.

Following the disaster, Nairobi Governor Evans Kidero suspended 18 county officials in charge of housing, including the chief officer in charge of planning, urban development and housing, Rose Muema, and Jairus Kathenge, who is the director of enforcement and compliance.

Recently, the Nairobi county government dismissed a report which showed that many buildings in the city are not built up to the set standards.

The report by Questworks, a design and engineering firm, also stated that at least three out of four buildings in Nairobi risk collapse in the event of an earth tremor.

T≥ustees of Ka≥ume empi≥e fight ≥emoval f≥om estate SUCCESSION They say tycoon’s children plan to take over property

BY BRIAN WASUNA

BY EDWIN MUTAI

The managers of a trust opened by Njenga Karume to manage his properties have accused three of the late tycoon’s children of plotting a coup to overturn their father’s will and take over the vast multi-billion-shilling estate.

The trustees said in court papers that the ouster bid by the three is a ploy by the Karume kin to forcibly take over their father’s property, which is estimated to be worth Lawyer Peter Munge (right), serves a court order to Jacaranda Hotel chief security Sh100 billion. officer Solomon Itati Mulungi and senior security supervisor Damson Kigode Albert, Samuel and Lucy Karume Amaya barring ongoing construction at Pizza Garden. FILE last week obtained a court order stoptive against neighbouring facilities ping the trustees from interfering tate to a trust, with Nduta Kamithi, like Villa Rosa Kempinski, Sankara, with immovable assets in the late Kung’u Gatabaki, Henry Waireri Tribe and other internationally actycoon’s estate, including Pizza GarKarume and George Ngugi Waireri den, and Jacaranda Hotel. claimed hotels. as its managers.

They accused the managers of misThe trustees say operations of the Ms Kamithi—the late tycoon’s managing the trust and neglecting its politician’s empire was hinged on sister and one of the trustees—says beneficiaries. The managers now say bank and shareholder borrowing, that the children were informed of the children hoodwinked the court which left it with massive debt. the plan to renovate Pizza Garden, a popular restaurant in Nairobi’s Westinto issuing the orders.

An audit on his business empire “The allegations made lands suburb, that is part done shortly after Mr Karume’s death by the three children beof the estate. shows that his nine companies only fore this court are not only posted a Sh5 million net profit for the Albert, Samuel and false, but are also a bogeyperiod between 2008 and 2012.

Lucy Karume had in The allegations man they conjured to jus“The trust has come up with last week’s application made by the th≥ee tify their true objective policies such as the school fees polaccused the trustees of child≥en befo≥e which is to thwart their icy which are communicated to all wasting away their father’s property, includlate father’s dying wishes beneficiaries, and ensure the limthis cou≥t a≥e ing Pizza Garden. ited resources available under the and to install themselves false Ms Kamithi, however, circumstances are deployed in the in the day-to-day control TRUST MANAGERS said the children had premost effective and equitable manof the assets of the trust,” viously tried to lie to the ner,” she said. the managers said.

The trustees hold that Mr Karume court in an attempt to stop the renovaThe trustees say that between 2012 chose to leave the management of his tion of the luxurious Jacaranda Hotel and 2014, they spent Sh164 million multi-billion shilling estate to a trust in Mombasa. on the beneficiaries’ school fees, uprather than his children.

While the three children opposed keep, insurance and other financial Jacaranda’s renovation, the trustees Mr Karume died in 2012 and commitments. now say that the late billionaire busileft assets spread out in nine comThe trustees want the court to nessman was behind the project panies. throw out last week’s application.

He left the management of his esaimed at making the hotel competibwasuna@ke.nationmedia.com

The Jubilee coalition leadership in Parliament was behind the aborted attempt to impeach Devolution secretary Anne Waiguru, Igembe South MP Mithika Linturi said yesterday.

The MP sensationally claimed in the House that majority leaders Aden Duale (National Assembly) and Kithure Kindiki (Senate) and Chief Whip Katoo Metito tasked him to draw the charges and a motion that would lead to Ms Waiguru’s impeachment.

Mr Linturi’s confession is the latest twist in the controversy that had implicated officials in the Office of Deputy President William Ruto as the masterminds behind the move.

“Mr Speaker Sir, the idea to impeach Anne Waiguru was moved by senior leaders of Parliament in the majority whip’s (Katoo) office,” said Mr Linturi.

Mr Linturi added he had decided to set the record straight to stop speculation among Kenyans about the motion.

“Today, let me answer to my conscience and let the country know the truth because this matter has continued to haunt me for the last eight months. I want for the first instance to dispel the idea that the Office of the Deputy President was behind this motion as has been highlighted in the media,” he said.

Mr Linturi who failed to turn up to prosecute the impeachment motion in the House during the appointed time appeared to exonerate Mr Ruto’s chief of staff Maryanne Kaitany who has since stepped aside to pave the way for investigations into alleged misappropriation of Sh100 million meant to lobby MPs to impeach Waiguru.

Ms Kaitany is accused of misappropriating a total of Sh200 million for parliamentary outreach and mobilisation in the corruption dossier presented in Parliament by President Uhuru Kenyatta .

Mr Linturi revealed that Ms Waiguru called him twice on phone but he refused to drop the motion.

“On realising the matter was serious than she thought, she used Ms Cicely Mbarire and Mr Kareke Mbiuki who were my very close friends and I found myself in a meeting with her on Lenana road in House number 14,” he said.

He claimed they discussed the matter and both agreed that it was not possible for Mr Linturi to save her.

“Three days later Mr Speaker, we met his Excellency President Uhuru Kenyatta with honourable Cecily Mbarire and Kareke Mbiuki and it is at this stage that the President prevailed upon me to stop the matter,’’ he said.

MP accused of ≥ape out on Sh100,000 bond

BY MAUREEN KAKAH

Imenti Central MP Gideon Mwiti was yesterday released on a Sh100,000 cash bail after denying raping, intimidating and assaulting a married woman nearly two weeks ago.

Mr Mwiti is alleged to have forced the woman to take an HIV test before assaulting and raping her.

The doctor who allegedly conducted the HIV test, Dr Mwangi Muchiri, was arrested last Friday and was charged at the Kibera Law Courts on Monday.

While appearing before Resident Magistrate Edda Agade, the lawmaker pleaded not guilty to the three counts

Lintu≥i links Duale, Katoo and Kindiki to Waigu≥u sack

linked to the Sexual Offenses Act. The victim’s three lawyers, Harun Ndubi, Mbaka Muchemi and Teresa Omondi, had told the court that the MP was interfering with the investigations, a claim the magistrate dismissed as not sufficient to have him remanded.

“Bail is a constitutional right, I agree with the defense, and there is nothing on record indicating that Mr Mwiti would abscond trial,” Magistrate Agade said.

“However, the allegations on intimidation impacts negatively on him, but I will hold his lawyer to his own words that he would not fail to appear in court whenever he is required.”

Mr Mwiti’s lawyers John Kham-

Imenti Central MP Gideon Mwiti.FILE inwa and Henry Kurauka had pleaded with the magistrate to have Mr Mwiti released on bail on grounds that he is suffering from advanced stage diabetes.

They also argued that pressure had

been mounted from an undisclosed sources for Mr Mwiti to face prosecution in court instead of leaving the matter to be investigated by the office of the Director of Public Prosecution and other relevant organs.

Mr Mwiti’s rape charge sheet stated that on March 21, ‘‘he intentionally and unlawfully obtained a consent by force and had sex with the victim at Tana Club along Woodvale Groove in Westlands, Nairobi.’’

The intimidation charge stated that on the same date and venue ‘‘he intimidated the victim with intent to cause her to have sexual intercourse with him yet he is not legally bound to do so and hence caused her injuries.’’

Friday April 3, 2015 | BUSINESS DAILY

7

CORPORATE NEWS NEWS I REVIEWS I ANALYSIS

Goldplat plans acquisition to ≥evive Kenya mine

Woman who helps mental patients feted

BY MUGAMBI MUTEGI

EXPANSION Company says that move

to purchase firm will help curb losses Various plant initiatives have been implemented successfully to reduce Africa-focused miner Goldplat said overall cost and increase gold producit is targeting an acquisition to help tion,” the chairman said.

“The board does not intend to use expand its Kenyan operations near Lolgorien in Trans Mara and curb currently available funds for the expansion of Kilimapesa” he added. losses.

Goldplat said in May last year The company said it had signed a non-binding letter of intent for said that it had identified three inthe acquisition of an undisclosed vestors for a joint venture which would help develop private gold exploration its mine in Western company.

“The proposed acquisiKenya through capiDiscussions tion is at an early stage and, tal injection for exif completed, the managepansion. to secu≥e a Operations at Kiliment it would bring, funding pa≥tne≥ mapesa amongst other things, will mine in westfo≥ an upg≥ade have the skills and experiern Kenya remain ence to assume responsilimited since June at Kilimapesa bility for managing and 2013 after the mancontinue with agement opted to foenlarging the Kilimapesa a numbe≥ of gold mine,” Goldplat chaircus on cash generating man Brian Moritz said. inte≥ested pa≥ties activities in South AfThe official said talks rica and Ghana.

This was informed are ongoing to secure a BRIAN MORITZ by the prevailing low funding partner for the GOLDPLAT CHAIRMAN gold prices and uncerplanned upgrade of the Lolgorien project. “Discussions to tainty over the 35 per cent local ownersecure a funding partner for an up- ship rule. Though set for repeal under grade at Kilimapesa continue with a the Mining Bill 2013, it remains gazetnumber of interested parties. We are ted. London-listed Goldplat, with ascontinuing to work hard to reduce the sets in Kenya, South Africa, Ghana and losses at Kilimapesa.

Burkina Faso, also said the licence

BY ALLAN ODHIAMBO

Mining secretary Najib Balala. SALATON NJAU for its Kenyan operations has been renewed for one year.

“The mining licence for Kilimapesa Gold Mine was renewed by the Minister for Mining in February 2015 for a further year,” Mr Moritz said. Goldplat plans to relocate its processing plant near Lolgorien town as part of a strategy to boost the performance of its Western Kenya mining operations.

The company said the plant will be moved to a location next to its Kilimapesa mine to help save on overhead costs such as those incurred when transporting the ore for processing.

The present processing plant is more than 10 kilometres from the mine.

The firm began mining at Kilimapesa in January 2012, pouring the first bar of gold ever produced in Kenya.

But a weaker gold price and uncer-

tainty over a proposed mining law that forces foreign-owned firms to cede 35 percent of their mining operations to Kenyans dimmed its outlook, pushing management to suspend operations at Kilimapesa in June 2013.

“Kilimapesa Gold continues to be loss making. However we remain focussed on reducing these losses and numerous plant initiatives have been successfully implemented to reduce overall cost and increase gold production,” Mr Moritz said.

According to the Economic Survey 2014, Kenya produced an estimated 2.1 tonnes of gold in 2013, down from 3.6 tonnes the previous year. The amount of gold produced in Kenya in 2013 was valued at about Sh7.4billion compared to Sh13.9 billion fetched the previous year. aodhiambo@ke.nationmedia.com

A woman who cares for the mentally ill in Eldoret town has been picked by financial services firm Jubilee Holdings as the winner of its quarterly Samaritan awards for her selflessness.

Judith Tanui was awarded for her devotion to mentally ill patients mostly out on the streets of Eldoret, preparing meals, bathing and clothing them and ensuring they lead a comfortable life.

“It takes real love and sacrifice to deal with the mentally challenged in the manner Judith does,” said Ezekiel Mutua, the chief judge of the Jubilee Insurance Samaritan Award which was founded in 2006.

Mrs Tanui, whose husband is a taxi driver in the town, will now receive undisclosed support from the insurance company which gives as part of its corporate social responsibility (CSR) programme. Mrs Tanui, who herself was mentally ill for six months, has now dedicated her life to ensuring that these patients receive care and protection, without expecting any payment in return.

“The most painful moment is when I say goodbye to these patients; I go home to my family who are under my care, but under whose care are these patients?,” she posed. Jubilee spends millions of shillings in different CSR activities every year, including sponsoring the Mater Herat Run, the Standard Chartered Marathon among several others.

The company last week reported a 24 per cent jump in net profit for the year ended Decembers. The firm made a net profit of Sh3.1 billion in the review period, compared to Sh2.5 billion a year earlier.

Vehicle deale≥ Stantech appoints new chief executive

BY VICTOR JUMA

Former CMC Motors executive Ken Ouko has been appointed the CEO of Stantech Motors, replacing Mr Titus Ntuchiu who will remain as a director.

“Mr Ken Ouko joined last week as the CEO,” Mr Ntuchiu told the Business Daily.

“I will now focus on business development strategy at the board level,” said Mr Ntuchiu who is a founding shareholder of Stantech.

Mr Ouko worked for years at CMC as the head of the Ford division until last year when he left alongside other execu-

tives. The management shake-up came after Dubai-based Al-Futtaim Group completed its acquisition of the company at a cost of Sh7.5 billion.

Mr Ouko then moved to RMA Kenya as a business development manager, joining a start-up dealer that had taken over CMC’s Jaguar Land Rover (JLR) franchise. He later left RMA and joined Stantech from eLease Kenya Ltd where he was the head of corporate business.

At Stantech, Mr Ouko will be running an auto dealer with exclusive distributorship of Chinese brands.

Started as a garage in Nairobi’s Industrial Area in 1997, Stantech has

Mr Titus Ntuchiu has been replaced by Mr Ken Ouko as Stantech Motors CEO. FILE

transformed into a fully-fledged distributor of several motor vehicle fran-

chises. The company sells saloon cars, pick-ups, buses, trucks, tippers and prime movers under franchises like Cherry, JMC, Sinotruck, and Grand Tiger brand.

The franchises were acquired from 2008, with the latest being Sinotruck that came last year.

Chinese vehicles have become popular in the local market, partly due to their pricing advantage over those from

by Europe or North America.

Stantech is one of the major beneficiaries of the rising demand for Chinese vehicles, including from the government which buys about a quarter of all new vehicles sold in the local market.

The company, for instance, supplied 426 units of Cherry Tiggo saloon cars and Grand Tiger utility vehicles to the police service between 2012 and 2013.

Besides selling and servicing vehicles under its franchises, Stantech also offers maintenance and repair services to customers owning vehicles sold by other manufacturers. This non-discrimination policy has expanded its client base in terms of after-sales service where it sells parts and charges fees for fixing mechanical problems.

Stantech is one of the few indigenous firms in the competitive new vehicle market that has attracted a lot of players in the past few years.

8

BUSINESS DAILY | Friday April 3, 2015

CORPORATE NEWS COUNTY BUSINESS

Safa≥icom cuts off ≥ugby Sevens sponso≥ship WITHDRAWAL Company alleges some

KRU board members lack accountability Collymore’s letter to the chairman of the KRU. Mr Richard Omwela, the new Safaricom has terminated contracts for KRU chairman, is faced with the decithe Sevens and the National Sevens cirsion by the mobile telcos to withdraw cuit, dealing a blow to the its sponsorship of the SafaKenya Rugby Union. ricom Sevens edition.

The telco made good “We feel that the ongoits threat to cut off federWe feel that the ing issues affecting the orations that have been at ongoing issues ganising bodies of the sport have shifted focus from the the centre of corruption affecting the game and have decided to claims.

“Over the years we o≥ganising bodies withdraw our support on have closely monitored of the spo≥t have that basis,” said Mr Collymore. events at the union and KRU has been facing highlighted our growing shifted focus f≥om boardroom wrangles after concerns with the lack the game accusations of financial of transparency and acSAFARICOM CEO BOB countability of certain impropriety and infightCOLLYMORE ing led to the resignation of members of the board former chairman Mwangi whose actions have Muthee and two other board brought the game into members. disrepute: a situation which jeopardThe letter dated April 1 is to serve as ises the Safaricom brand and which makes our continued sponsorship imthe 30-day notice for termination of the possible,” reads Safaricom’s CEO Bob series. Affected will include the SponBY DOREEN WAINAINAH

Athletics Kenya President Isaiah Kiplagat (left) and Safaricom CEO Bob Collymore toast during the launch of the third round of the Safaricom Athletics Series in Nairobi yesterday. MARTIN MUKANGU sorship agreement between Safaricom and KRU dated July 17, 2013 and that between Safaricom and Coast Rugby Sub Union , Kisumu Rugby Football Club, Kenya Harlequin Football Club, Mwamba Rugby Football Club and Nakuru Rugby Football Club.

The clubs will no longer be able to use Safaricom intellectual property and will be required to return or dispose of any existing promotional material that

Holiday feve≥

contains the company’s trademarks.

The mobile company however said it will sponsor the third edition of the Safaricom Athletics series.

“We’re announcing that we will sponsor Safaricom Athletics in cash and kind for Sh120 million this series,” said Mr Collymore. The series will be categorised into three editions including Safaricom Relay Edition, Safaricom Track and Field Edition and Safaricom

Long Distance Edition.

To safeguard its investment in athletics, the company called upon stakeholders and the governing body to ensure that the sport’s image remains untarnished even as issues of doping have been highlighted over the past few months.

Safaricom signed a Sh140 milliona-year deal with the Kenya Rugby Union in 2013 to sponsor the local Sevens circuit (Dala Sevens, Christie Sevens, Kabeberi, Driftwood and Prinsloo Sevens) under the Safaricom Rugby Sevens Series banner. Last year, the sponsorship agreement was renewed for a further three years.

The mobile firm also sponsors the Safaricom Athletics Series, which last year saw Sh47.5 million poured into 15 Athletics Kenya and community races, in addition to funding national trials and events such as the Sportsman of the Year gala (Sh12 million in 2013).

Safaricom first took on the title sponsorship of the Safari Sevens tourney in 2010. dwainainah@ke.nationmedia.com

Equity Bank’s Mwangi set to se≥ve fo≥ 10 mo≥e yea≥s

BY GEORGE NGIGI

Mombasa

Guests arrive at the Whitesands Beach Resort yesterday. Kenyans are flocking to the Coast for the Easter holiday. KEVIN ODIT

Fly540 expands payment platfo≥ms

BY MUGAMBI MUTEGI

Customers of low cost carrier Fly540 can now make payments using credit and debit cards, PayPal, and mobile money platforms following a partnership with E-commerce payments solution provider 3G Direct Pay (3GDP).

The platform will also enable Fly540’s business partners like

hotels, travel agents, and tour operators to make real-time payments.

E-ticketing in the airline industry has in the past years grown in tandem with the increase of cashless transactions in the country as travellers embrace the convenience that comes with it.

“Online ticket sales have come a long way in Kenya in

the past few years,” said Don Smith, the chief executive officer of Fly540.

3GDP’s online payments platform is connected to all leading credit and debit card types and electronic wallets, including Visa, MasterCard, American Express and PayPal. The system is also linked to mobile money services such as Airtel Money and M-Pesa.

Equity Bank’s chief executive James Mwangi has said he will lead the institution for another decade before retiring, making his one of the longest tenures among publicly traded firms.

Mr Mwangi, who has served the bank for 25 years, told shareholders at the recent annual general meeting that he wanted to oversee Equity’s expansion to 10 new markets over the next decade before calling it quits.

“The next 10 years will be the last of my service. I believe by serving this bank for 35 years I will have done my term,” said Mr Mwangi while disclosing he wanted the regional expansion to be his legacy.

The lender plans to spend Sh200 billion to enter Burundi, Ethiopia, Democratic Republic of Congo, Mozambique, Malawi, Zambia, Zimbabwe, Cameroon, Nigeria and Ghana in the next 10 years.

Mr Mwangi joined the bank as finance director before rising to be chief executive in the 1990s when Equity

Bank’s plan It plans to spend Sh200bn to enter Burundi, Ethiopia, DRC, Mozambique, Nigeria, Ghana among other markets. was still a building society.

He oversaw the lender’s conversion to a bank in 2004 and its listing at the Nairobi Securities Exchange in 2006.

The bank since then expanded in the region with operations in Uganda, Rwanda, Tanzania and South Sudan while rising to be the country’s most profitable lender.

Mr Mwangi’s interest in the bank stands at 6.5 per cent, including the 4.88 per cent he holds directly.

His commitment to continue in his role came as long-serving board member Benson Wairegi, who is also

the chief executive of insurance firm Britam, resigned after more than a decade as the bank’s vice-chairman.

Mr Wairegi was part of the board that oversaw Equity Bank’s listing. He represented the interests of Britam, which owns a 10 per cent stake in the bank.

Capital Markets Authority has recommended that CEOs sit only in the board of one company.

The recommendation had cast the light on Mr Wairegi who also serves in the board of Housing Finance where Britam has a 46 per cent equity.

Mr Wairegi is set to continue sitting in HF’s boardroom as his tenure is yet to expire.

Prof Shem Adholla, who has served as a director of HF for years, is set to resign after declining to offer himself for re-election following expiry of his term.

Prof Adholla has represented the interest of Equity Banks in HF. The bank however sold its entire 24.7 per cent interest in the mortgage financier to Britam for Sh2.8 billion.

Friday April 3, 2015 | BUSINESS DAILY

9

IDEAS & DEBATE OPINIONS I REVIEWS I ANALYSIS

POLITICS Different visions of founding fathers have left their sons on separate economic paths

Tale of two count≥ies: Cont≥asting fo≥tunes of Singapo≥e and Kenya

Muhammadu Buhari New Nigeria President

Editorial (Guardian) The very good news from Nigeria is that after all the apprehension and uncertainty that accompanied the campaign, the outcome is the best the country could have hoped for. The right man is out, the right man is in, and in by a margin which will make it difficult for his rule to be contested on the grounds that he achieved it through electoral fraud. The civilities exchanged as the results pointed more and more clearly to a victory for Muhammadu Buhari reflect well both on him and Goodluck Jonathan.

BY MARVIN SISSEY

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way— in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.”

Other Voices

President Uhuru Kenyatta. BILLY MUTAI

am sure they would find it interesting to note that likewise to their current prime minister, Kenya’s current president was the son of the first president of the republic.

Further, they would note with I find this opening paragraph to amusement that our current presiCharles Dickens classic novel, ‘‘A Tale dent too served, among other posiof Two Cities’’ an apt intions, as Member of troduction to this story Parliament, Minister of two men, their two of Finance and Deputy The two founding fathers, their two counPrime Minister. fathe≥s we≥e tries, their similarities, Many in Kenya wo≥lds apa≥t in but more so their difwould have wished st≥ategic vision ferences. that given the reflective dynasty-like First on the list is of whe≥e they political parallels in one Lee Hsien Loong wanted thei≥ the almost reflective —unless you are very count≥ies to be story of Kenya and abreast with oriental Singapore, the same politics, it if fair to assume that you have could be said of the probably never heard economic story of the of the name before today. two countries.

True, the two stories are very much You are, however, probably more alike at the start. But the resemblance familiar with his more famous dad— lasts only as far as the beginning. As Lee Kuan Yew— the first Prime Minister of Singapore, who passed away they progressed, the two stories diverge as far from each other as night recently. from day.

Lee Hsien Loong is the current The stories of Lee Hsien Long and Prime Minister of Singapore and Uhuru Kenyatta could be said to be has been in office since 2004. Prior from the pages of Robert Kiyosaki’s to being PM, he served, among other bestseller financial advisory book, positions, as Member of Parliament, Minister of Finance and Deputy Prime ‘‘Rich dad, and Poor dad’’.

Minister. Similarly, if I were writing Mr Hsien was lucky to have had a rich dad who bequeathed a rich counthis article targeting Singaporean try with one of the highest GDP per readership, I am sure a fair number of readers there would equally not reccapita in the world. ognise the second gentleman I seek to Meanwhile, Mr Kenyatta unfortuintroduce—Uhuru Kenyatta. nately was left fighting the exact same wars that his father started fighting Unfortunately, I am not sure they would remember the name of his othover half a century ago unsuccessfully; erwise more famous father either. But I poverty, illiteracy and disease.

Singapore Prime Minister Lee Hsien Loong . AFP He even has to deal with more wars that his father started, a case in point being the fight against corruption.

When Mr Hsien announced to Singapore the demise of his father in the country’s general hospital, the whole world took a pause to mourn with him one of the greatest statesmen who ever lived in the recent years.

At around the same time, Mr Kenyatta was reading a state of the nation address to inform Kenyans what we have known all along, the endemic corruption.

When their fathers had started ruling the respective countries, Kenya and Singapore had almost equal GDP (with Kenya actually marginally richer).

In 1963, when Kenya got independence, and Singapore merged with Malaysia, Kenya’s GDP was $926.6 million while Singapore’s was $917.2 million.

In 1978, when the founding president of Kenya died, Kenya’s GDP had grown to $5.3 billion, but had been surpassed by Singapore whose GDP then had grown to $8.06 billion. By 1990, when Kuan Yew stepped down from PM’s office (and Kenya on the verge of multiparty democracy), Singapore’s GDP was $38.9 billion compared to Kenya’s $8.57 billion.

Recent figures are more embarrassing. By 2013, as Mr Kenyatta was taking over the reins of Kenya’s leadership, he was managing an economy of only $55.24 billion while his counterpart Mr Hsien was managing a whopping $297.9 billion economy.

The Singapore story is more amazing if you think that supporting this

massive economy is a tiny population of barely five million people against Kenya’s massive 40 million plus.

The small population of Singapore means that when measured on GDP per capita, Singapore ranks amongst the richest countries in the world. For instance, in 2013, Singapore’s GDP per capita was $55,182.

To put this in perspective, Japan’s was only $38,663 while the USA’s was $53,041 at the same time. By comparison, Kenya’s was dismally low at only $1,245.5.

The question one asks is, given the parallels in the Kenya-Singapore story, when did the rain start beating Kenya?

The simplest scapegoat is to argue that Mr Kuan’s benevolent dictatorial tendencies were partly to explain Singapore’s rise to the top.

The reality is that this explanation is too weak. Kuan Yew was no less dictatorial than Jomo Kenyatta and his successor Daniel arap Moi. Both were successful in laying down powerful dynasties.

The difference has always been that the two founding fathers were worlds apart in strategic vision of where they wanted their countries to be— and only one of them discovered in time that the only pathway to economic progress —lay not in resource wealth or agriculture (or fully implementing advice from World Bank and IMF without first thinking through ramifications), but in education and smart trade. Allow me to explore this trajectory further in my follow up write up. feedback@marvinsissey.com Twitter@marvinsissey.

Barack Obama US President

Michael Keegan (Reuters) With mega-donors already pledging to spend hundreds of millions in the 2016 presidential race, tackling the evergrowing problem of big money in politics can feel like a tall order. But with just the stroke of a pen, there’s something President Barack Obama can do today to help fix the problem. He can issue an executive order requiring the political spending of government contractors be disclosed.

Monica Lewinsky Former White House Intern

Carlos Lozada (Washington Post) Public shaming as a blood sport has to stop, Monica Lewinsky warned in her TED talk this month. We need to return to a long-held value of compassion — compassion and empathy, Ms Lewinsky spoke with the authority of one who’s been there. Slut-shamed and body-shamed before such terms were even in circulation, her story and reputation ricocheted through the Internet.

With her public reappearance, Lewinsky proves that point.

10

BUSINESS DAILY | Friday April 3, 2015

EDITORIAL & OPINION

Published by the Nation Media Group, Kimathi Street, Nairobi

Linus Gitahi: Chief Executive Officer | Tom Mshindi: Acting Editorial Director Ochieng’ Rapuro: Managing Editor P.O.Box 49010 GPO Nairobi Telephone: 254 20 328 8104 Fax: 254 20 214849 Email : bdfeedback@nation.co.ke www.bdafrica.com

Review national secu≥ity st≥ategy in wa≥ on te≥≥o≥

T

errorist attacks have changed the world in terms of security measures. It is baffling, however, that much has not changed in Kenya where scores continue to be killed or maimed by terrorists.

Only yesterday scores of students lost their lives during a brazen dawn attack on Garissa University, later claimed by the Al-Shabaab terror cell. Many others are nursing gunshot wounds in various hospitals.

Our nation remains extremely vulnerable to such attacks because critical tasks such as border patrol and management to prevent illicit flow of firearms and dangerous criminals are being done poorly or not all.

We accept that an open economy and society such as Kenya is never totally safe from such dangers because of the mass movement of foreigners transiting but something can be done to tame the terror cells, without compromising the basic liberties of the people.

The government has lately taken on desperate measures to deal with the terrorist attacks including appointing a new minister for Internal Security and the Inspector-General of Police. President Uhuru Kenyatta also published new anti-terror laws.

Fighting insecurity, however goes beyond mere changes in leadership and laws. Tackling terror requires commitment and tack. World over, the biggest obstacles to making na-

T

tions safer have been lack of political will and failure to carry out the most effective policies. Our security agencies have for far too long begged for support in terms of better equipment and remuneration.

Instead available resources are often misdirected to soothe the egos of politicians through fatter salaries for Members of Parliament and other representative groups, both at the national and county levels.

The country also lacks a broad strategy of making the country more secure. Among the most troubling facts is that the security arrangement at the county level is so haphazard despite the critical role of the administrative units.

The government should consider devolving some components of the security function so that we have more teams engaged in hands-on monitoring and gathering security intelligence at this lowest level. Information is more powerful in fighting terrorism than picking guns all the time to pursue faceless guerrillas. Most of the terror attacks are ideological and can be addressed through policies such as economic empowerment to avoid leaving the youth vulnerable to recruitment into the terror cells. Key sectors of the economy such as tourism are on their knees and we cannot afford any further laxity in the management of national security.

Diaspo≥a plan timely

he commitments made by the government at the conference on Kenya’s diaspora that closed yesterday must be followed through if the country is to fully maximize the potential of its citizens living abroad. The critical role of the diaspora in nation building, from sending financial resources and professional skills back home to acting as ambassadors of Kenya has long been recognised.

At it emerged at the conference, these citizens still face myriad challenges as they seek to contribute to the development of the country.

Top among these is lack of comprehensive and credible information on where to invest in the country.

Remittances from the diaspora, at an estimated Sh184 billion annually, largely go into investments and support of dependants. It was

therefore a welcome move by the government, represented by President Uhuru Kenyatta himself, to commit to crafting a policy specifically aimed at creating an enabling environment for the diaspora with regard to investment and participation in civic duties including voting in elections.

There are specific measures which can address some of the issues raised. The government, for instance, has not issued a diaspora bond despite talking about it for years. The private sector also has a major role to play by actively packaging and marketing reliable investment options to the diaspora.

It would be ideal for the government and institutions like banks, insurers, fund managers and real estate developers to work together to realise the full potential of the diaspora.

To comment...

The editor invites comments on our content and topical issues. Please include your full names, telephone number and address in your letter.

Email: bdfeedback@nation.co.ke

“People around here behave like such babies...

It’s like I’m still on maternity leave...”

Why g≥and p≥ojects pose high g≥aft ≥isk

JAINDI KISERO CORRUPTION

I

n theory, we learn that grandly designed and large infrastructure projects tend to pose high corruption risks. We also learn that corrupt influence can happen as early as the design stages of a large project.

In many instances, the scope of the assignment may be deliberately made to be unnecessarily complex just to increase the potential for corrupt earnings. Theory teaches that most corruption happens at the procurements stages.

Tenders are manipulated to favour contractors who offer larger kickbacks.

Which is why anti-corruption watchdogs always advise that all large infrastructure projects should be subjected to through corruption-risk assessment-right from the feasibility stage.

If there is a clear trend from the graft list which President Uhuru Kenyatta presented to Parliament on Tuesday, it is that large and complex infrastructure projects are very prone to corruption.

It does not surprise that both the Transport and Infrastructure-and the Energy and Petroleum ministries featured prominently on the graft list. What I found most astonishing,however, was

the size of bribes and kickbacks which today’s political elite demand from contractors implementing large infrastructure projects.

The report alleges that Energy minister Davis Chirchir and Nairobi senator Mike Sonko demanded a whopping $ 15 million bribe from Chinese contractors who were competing to win a contract to build a new oil pipeline from Mombasa to Nairobi .

The total project costs was $500 million. You may ask: Where on earth is a contractor who pays such a large bribe supposed to recover the money from.

The answer: is ministers and managing directors involved in such deals promise to vary the terms of the contracts to accommodate the large kickback.

They promise to manipulate bills of quantities and to allow you to generate fake certificates, which can then allow you to recover what you paid in kickbacks. Alternatively, engineers supervising the project can be ordered to lower standards for you.

And the ultimate loser is the ordinary citizen of this country- the taxpayer who will not get value for money.

Where the project is being implemented by a utility, it is the consumer who bears the brunt.

Indeed,the report’s assessment of the state of corruption in the infrastructure ministries are damning to say the least.

Here is what the report says of the Ministry of Energy “the Ministry of Energy is riddled with massive corruption”.

And it adds” The cabinet secretary Mr

Davis Chirchir is accused of working to ensure that corrupt deals in the energy sector are successfully executed”.

The assessment on the state of affairs in the Infrastructure ministry is equally damning. According to the report, cabinet secretary Michael Kamau has allegedly been involved in manipulation of several procurement contracts.

He is also cited for alleged conflict of interest in a case where a consultancy firm belonging to him is said to have inflated consultancy fees on the Standard Gauge Railway by billions of shillings.

The lesson the ministers and parastatal heads who demand bribes from Chinese contractors is clear: you must always remember that disappointed contractors are snitches.

You demand big bribes from them and they will report you everywhere.

Before we know it, you will find Kenya being ranked by some Western watchdog as one of the most corrupt countries in the world, I wonder whether these greedy ministers ever stop to ponder the consequences of their actions to the reputation of the country.

Corruption is a disincentive to investors- it increases inequalities and undermines social stability. . Those who pay and receive bribes can expropriate national wealth, living little for the poor. Where corruption is systemic as it is in our case, even countries with extensive natural resources may fail to develop in a way that benefits the ordinary citizens. jkisero@ke.nationmedia.com

VIEWS FROM ABROAD Arrest terrorist masterminds

Opinions f≥om a≥ound the wo≥ld In Putin’s confused mind Nigeria passes critical test

Last week, the US Embassy warned its citizens in Uganda about a possible terror threat.

Police followed it up with increased vigilance and surveillance of target places, including, securing border DAILY MONITOR KAMPALA points. The best way to defeat terrorism is to arrest its masterminds before they kill people or destroy any property.

However, that requires good and credible intelligence. And it needs good prosecutors like Joan Kagezi who unfortunately was gunned down on Monday evening. The murder of Kagezi is a reminder that terrorism has no boundary.

It is not at all clear what President Vladimir Putin’s ultimate goals are in the current crisis over Ukraine. But whatever his actual foreign policy goals may be, two seemingly contradictory THE MOSCOW TIMES MOSCOW propositions appear to underpin Putin’s policies toward Ukraine and toward the West as a whole. The first is that the US and at least some European States are determined to weaken Russia through the expansion of NATO. Secondly, NATO and the EU are both weak and divided and Moscow can exploit this to strengthen Russia.

Nigeria has passed the most critical political stress test it has faced in decades. Last weekend, Africa’s most populous nation held its most competitive race ever for president.

THE WASHINGTON POST Shrugging off a sixweek postponement, WASHINGTON fears of widespread political violence, ongoing terrorism by the Islamist militant group Boko Haram and doubts about the readiness of the Independent National Electoral Commission, Nigerians staged a credible and generally peaceful contest that has set the stage for a democratic change of power.

Friday April 3, 2015 | BUSINESS DAILY

11

EDITORIAL & OPINION

How billionai≥es can solve many of wo≥ld’s p≥oblems MAGDALENA MIS PHILANTHROPY

T

he billions of dollars that Bill Gates, Mark Zuckerberg and other luminaries committed to philanthropy through Warren Buffett’s “Giving Pledge” website could end hunger for a year, buy new homes for the world’s refugees and even buy a private island where they could live far from bombs and bullets.

I did the math. For just under 50 million euros ($53.65 million) Facebook founder Mark Zuckerberg could buy picturesque Dulichium island off Greece, peaceful and big enough to relocate the entire Zaatari refugee camp hosting more than 83,000 Syrians who fled conflict in their own country. Even if Zucker-

berg’s commitment through “Giving Pledge” was to donate just half his wealth, the price of the island would still be a tiny fraction of his $33.4 billion fortune.

Bill Gates’ pledge could cover not only the $22-$24 billion needed to combat Aids in 2015, but also the entire UN humanitarian appeal of $16 billion and the $3.2 billion needed to feed the world’s 66 million hungry children. If Virgin Group founder Richard Branson chipped in with eBay founder Jeff Skoll, they could buy brand new solar-powered houses for all the world’s 13 million refugees, as designed by IKEA for the UN refugee agency. The houses are big enough for five people, about the size of an average refugee family, and

Letters

some $3 billion would be needed to buy the homes at $1,150 each.

And, while solving the world’s problems is certainly not as simple as buying an island or a flat pack home, I did wonder what the money pledged on Warren Buffet’s website could buy. The issues mentioned here are just a small fraction of the world’s problems and are not listed in order of urgency or importance.

The choice of the names of pledgers was also random.

But, amid what seems to be a steady flow of appeals from various organisations, I simply wondered what could be financed if money pledged by those who have it was easily transferable into the accounts of those who ask. The “Giving Pledge”

site lists over 120 names and it’s up to the pledgers to choose which organisations or causes they wish to support. It doesn’t say how much money has already been spent.

The combined pledges of just nine billionaires listed on the website (Gates, Zuckerberg, Branson, Skoll, Buffet, Bloomberg, Sainsbury, Ellison and Lefkofsky) would produce a pot of at least $143 billion, enough to cover the $70 billion-$100 billion needed to help the people of the world adjust to climate change.

It would also easily make up for the estimated $15 billion lost to West Africa’s economies as a result of the Ebola crisis.

The writer works for Thomson Reuters Foundation

The editor welcomes brief letters on topical issues. Opinions expressed here are not necessarily those of the editor or publisher. They may be edited for clarity, space or legal considerations.

Send via e-mail to bdfeedback@ke.nationmedia.com

Endemic corruption has hampered economic growth

S

upposing there was no coruption, where would Kenya be today? I think we would be very sophisticated rich and nice country with everything functional and perfect if not near perfect. But this is quite utopian.

I just want to demonstrate that we are backward in many ways due to corruption. Corruption is so entrenched in many spheres that include tribalism and skewed allocation of resources that have been the bane for Kenya. Colonialism in itself was a very corrupt system couched with divisiveness and exploitation of the masses that s is still a perfected culture even todate.

The sudden change in the political sphere caused by the recent release of a graft list in Parliament has permanently set a tone on the vice. Obviously the picture is not complete without thorough investigations and prosecutions where corruption has been identified, but history is not on Kenya’s side on this one.

High profile corruption cases have had a way of disappearing in the legal mumbo jumbo. The passage of time has been effective in cleansing the ‘allegations’.

Researching through institutional framework in Kenya meant

EACC offices in Nairobi. FILE

to fight the vice over time, the results have never been inspiring.

This is the reason so many people believe that it is the president who will determine the success or failure of the fight.

Rightfully the presidency in the past and our nature of politics has been the biggest hurdle in taming graft.

Whether the graft list is correct or incorrect in itself should be a matter of legalism to sort out on

due process. The big picture and the tone are ok. Moreover, this could be just a tip of an iceberg or a mere dent. Do a bit of research and you will find that many believe the problem is deeper and that there is a big problem with our institutional framework and inadequacy in law.

Corruption has been viewed to be lucrative and anything that juicy attracts all manner of characters.

Stopping the lucrative nature of

corruption is what will redeem Kenya. This must start withthe fight and also pushing for the establishment or enhancing the legal and istitutional framework to not only fight graft but also prevent it from happening. For instance establishing mechanisms to recover illegal proceeds of graft and the right mechanisms for whistle blowing and rewarding such soldiers of civility could be setting the right footage.

If you want to know corruption is bad, just look how divided we are along tribal lines and the nature of fighting we engage in to occupy the most important seats in politics and public life.

Just look how we have been sharing them since time immemorial. Look at the scarcity everywhere.

Resources are lacking not because they were not there or that they could not be made to be there but due to our selfish nature we sabotaged the country match forward.

This is the price we are paying for graft and we are busy bequeathing future generations a dysfunctional politics and self sabotage culture.

HARRISON MWIRIGI IKUNDA Nairobi

Governors named by EACC should immediately step down

T

he 12 governors named in the EACC corruption dossier must step aside to enable thorough and conclusive investigations to be conducted.

It is disgraceful for governors to stay in office while they are accused

of serious malpractices. Some are reported to have acquired immense wealth within a short period of time.

The country loses billions of corruption while many Kenyans wallow in abject poverty.

The new Constitution brought

hope to the downtrodden and marginalised through the devolution of resources. However, the ugly monster of corruption is quickly eroding hope and the result is that corruption was devolved and not resources.

It is high time the named county

bosses use their conscience and do the honourable things to step aside and clear their names. If they are found to be clean they will resume their duties and those culpable jailed.

KIPNG’ETICH KIRUI Nakuru

Why Egypt is st≥engthening its Af≥ica ties

KARIM SADEK INVESTMENT

T

he warmth of the speeches by many African heads of State in Sharm el Sheikh during the recent Egyptian Economic Development Conference was a powerful reminder of the deep historical and cultural ties linking Egypt and many of its neighbours. It also revealed a shared belief in the urgency of accelerating future engagement.

Sub-Saharan Africa and Egypt share many things in common. Our top level exchanges have also increased and over the past year Egypt has been reaching out to African countries through visits and diplomatic missions – most recently to Addis Ababa and Nairobi - to build on historic relations and create new economic ties. Currently it is estimated that approximately $1 billion has been deployed into the rest of Africa from Egypt and if news from the conference is anything to go by, this could be the start of much more to follow.

The free movement of goods and people across the Grand Free Trade Area (GFTA), which envisages the combining of the Comesa, SADC and EAC regional blocs into one single market, may be significantly accelerated with the development of mega infrastructure projects such as LAPSSET and the Suez Canal Zone project. Withover 100 square km dedicated to maritime and logistics facilities and over 400 square km earmarked for industrial development, the Suez canal’s historic status as a global trade artery, linking Asia and Africa to Europe and the USA, will be reimagined for the 21st century.

The decrease in crossing time for ships and tankers should facilitate trade to and from the Ports of Mombasa and Dar es Salaam and enable African traders and countries to benefit from the logistics facilities to stock their produce such as tea, coffee and maize for trading globally. Transportation and logistics infrastructure is a core investment area for Qalaa Holdings in Africa and we strongly believe that improving the efficacy of rail and river transport is the key to unlocking opportunities for greater cross-border trade.

Our investment in Rift Valley Railways (RVR), which holds a 25 year concession to operate 2,352 kilometres of track from Kenya’s Mombasa port to neighbouring Uganda, is facilitating regional connectivity. In nearby South Sudan, our Nile Logistics investment, which in 2008 opened up trade links between Egypt, South Sudan and Sudan, will soon acquire additional handling equipment.

The conference was a powerful reminder of how Egypt’s future growth and stability is tied to Africa’s future growth and stability.

As the tens of billions of dollars announced in new investments move from a paper commitment to actual execution over the coming months, the real prize will be in working out how to leverage this to drive wider trade and investment opportunities across Africa.

The writer is Africa MD at Qalaa Holdings, an investment firm listed on the Cairo Stock Exchange

12

BUSINESS DAILY | Friday April 3, 2015

NEWS INDEPTH

Mary Monari follows the flight of her shot during the Ladies Golf Tournament played at Kiambu Golf Club last April . She is among top female players in the country.

Naomi Wafula plays during the All Africa Challenge at Muthaiga Golf Club last June. She is a top player.

Countdown to Ba≥clays Kenya Open golf week: Will victo≥y eve≥ come to Kenya?

F

Greg Snow in action ball during the Barclays Kenya Open Golf game at Karen Golf and Country Club last year . He finished in position 10.

Kellie Gachaga follows her shot during the Rapid Golf Challenge at Muthaiga Golf Club last year. She is among Kenya’s elite junior golfers.

FILE PHOTOS

Vet Lab Golf Club’s Ali Kimani follows the flight of his ball at a past game.

or many years now, the local golfing fraternity has congregated at the Barclays Kenya Open and prayed, hoped, begged and all but lay prostrate on the fairways for a Kenyan victory.

Stories are told of the 1998 ‘‘near-win’’

by Jacob Okello, who lost in a play-off to Argentine Ricardo Gonzalez at the Muthaiga Golf Club.

After four rounds of great golf, Okello and Gonzalez were tied at 12-under par 272 and in the ensuing play-off, Okello was unlucky not to win. But that was, hold on, I need my calculator, aahh, 18 years ago!

Since that spark of brilliance in 1998 no Kenyan has truly been close to winning the Kenya Open.

In 2006, Okello once more gave us hope.

He played good golf and enjoyed a great rivalry with South Africa’s James Kamte and in the end they ran out of holes to birdie and settled for fifth place, six shots behind the lead of Johan Axgren from Sweden.

During that tournament, only two other Kenyan pros made the cut, John Limb Jnr and James Lorum who finished T68. At the 2007 Kenya Open, Okello and Kamte renewed their rivalry, they pushed each other, fed us hope and in the end we were ready to accept Kamte’s victory as a Kenyan equivalent.

Kamte finished in second place, just one miserable shot behind the eventual winner, Italian Edoardo Molinari. Okello was another four shots behind in fourth place. Victory for a Kenyan, or our adopted son Kamte, was surely around the courner, or was it?

But let me now tell you a really sad story.

We all agree that Okello is one of our all time leading golf professionals, correct?

Well, since that 2006/7 period when he looked and played like a champion, Okello has not made the cut at the Kenya Open

SPORTS Columnist Charles Gacheru traces the

highs and lows of local golfing and opines that only the young can salvage the game since. In the last seven years, from 2008 to 2014, Okello has failed to make it into the weekend.

But every year without fail we wait for the 1998 miracle, with a different ending, one in which Okello wins the Kenya Open.

Absurd isn’t it?

Okello will not be playing in the 2015 Barclays Kenya Open.

Another professional who has fed us hope and broken our hearts is Dismas Indiza; his power off the tee is legendary, but despite his success on the local scene, Indiza has not fared very well at the Kenya Open.

He missed the cut in 2005/6/7 before coming alive at the 2008 championship, finishing T10. But just when we thought this was his moment, Indiza went ahead to miss the cut in 2009, 2010 and 2011.

Missed the cut In 2012 he finished T22, missed the cut in 2013 and finished T13 in 2014, another spark of brilliance. How he performs at the 2015 Barclays Kenya Open is anyone’s guess, but both history and age are not his friends.

In 2010 Ali Kimani set our hopes soaring into the clouds. He was joint leader after 45 holes at Muthaiga. But on the par-5 10th, Kimani found the water with his second shot and his wheels came off.

He eventually finished T24 which, on the face of it, was not bad. There was hope for the next year. But in 2011, 2012 and 2013 Kimani missed the cut and didn’t even feature in 2014 and neither is he on the entry list for 2015. Looking back at 2014, Greg

Snow finished well at T10 and Indiza was not far off at T13, unfortunately they were the only Kenyans who made the cut from an entry list of 22 Kenya golf pros and six amateurs. So, from where will victory for Kenya come from?

I believe victory is vested in the junior ranks. Those most likely to win are Mathew Wahome, who makes his debut at the championship this year; Adel Balala, Kush Mediratta and perhaps Daniel Nduva.

Given opportunity This is the crop of players who must be nurtured and given every opportunity to prepare for the future. These are players in who golf funds and opportunities must be invested.

The Kenya Golf Union (KGU) has submitted a list of six amateurs who will play in the 2015 Barclays Kenya Open. My opinion has been loud and clear over the years, only amateur golfers with a future should be considered for these precious slots.

An amateur golfer with no intention of joining the paid ranks has no business taking up any of these slots.

In my humble opinion, these six slots should be the preserve of our top elite junior golfers of either gender. I would like to see Mary Monari, Naomi Wafula and Kellie Gachaga play in the Kenya Open and hone their skills.

I would like to see the Wahome brothers, Mathew and Jeremy, and their close golf buddies John Mburu, Daniel Nduva and Balala, play alongside the professionals.

Friday April 3, 2015 | BUSINESS DAILY

13

NEWS INDEPTH GOLFING

CHARLES GACHERU

9 teams clash fo≥ Tannahill Shield ove≥ the weekend

Kush Mediratta looks at the putting line during the Kenya Amateur Stroke Play Championship at Sigona Golf Club in Nairobi in 2013.

It is the only way we can invest in the future.

By the way, I have included the girls deliberately; there is no reason junior girls can’t play in the Kenya Open — unless of course KGU is clearly discriminating against them.

On a more serious note, top women golfer (now retired) Annika Sorenstam played the PGA Tour’s Colonial tournament in 2003 and Michelle Wie has featured at numerous men’s events and even made the cut at the 2006 Asian Tour SK Telecom Open.

I believe the inclusion of Monari, Wafula and Gachaga at the Kenya Open would attract media across the world and give these girls a strong foundation for their future. Why waste those chances on aging amateurs with no future?

Nelson Simwa goes into the Kenya Open strong; off a +4 handicap, Simwa should easily make the cut and claim the amateur silver salver shield that was last lifted by his brother Boniface in 2011 at Muthaiga.

Nelson is capable but time is not on his side, and frankly neither is his Kenya Open history; he finished +7 and T107 in 2013 and finished +18 and T152 in 2014.

Nelson is 28 years old and his age mates in the golfing world include Webb Simpson, ranked 44th in the world and Keegan Bradley ranked 37th.

John Karichu from Limuru, 32, is off a +2 handicap and although he was disqualified last year for signing for a wrong score he has what it takes to make the cut and compete for the amateur silver salver.

Running out of gas Karichu is not young, he is running out of gas and as good as he is his future as a pro golfer is in doubt, in my view. I hesitate to comment on Robinson Owiti, he is now 40 and has had dismal performances at the Kenya Open.

Owiti has the dubious distinction of finishing last in 2012, number 156, after posting scores of 84 and 87 for 29 over gross. I would think that this is perhaps the worst score in a Kenya Open. He

Adel Balala during the Crown Paints Kenya Amateur Matchplay championship at the Royal Nairobi Golf Club in June .

didn’t play in 2013 and his 2014 performance was equally shocking, 11 over par, tied in 141st place.

To expect a better performance from this man would be wishful thinking.

Boniface Koskei and Alfred Nandwa may surprise us, but I would advice that you watch them play on Thursday and Friday, I don’t see them featuring on the weekend.

Junior golfer Mathew Wahome makes his debut at the Kenya Open at the age of 17.

This scratch golfer from Nyali Golf and Country Club has a golfing future and I pray that his performance will strengthen the case that the six amateur slots at the Kenya Open must go to junior golfers.

Once more, I believe that this great crop of junior golfers will one day win the Kenya Open, to look elsewhere is to try to squeeze water out of a stone.

Here is a suggestion KGU, why don’t you invite top amateurs from Uganda, Tanzania and Rwanda to the Kenya Open? Wouldn’t that foster regional integration and perhaps attract more attention from the government? Just a thought.

Golfing greats like Trevor Immelman, who won the Kenya Open in 2000, Ian Poulter who missed the cut in 1999, Henrik Stenson who was second in 2000 and now second in the world, have all played at the Kenya Open.

Seve Ballesteros, Vijay Singh, Ian Woosman, Martin Kaymer have all walked our fairways and gone on to conquer the world. From this perspective our dreams are valid, we just need to focus in the right direction — junior golf.

The Kenya Open tees off on Tuesday April 7 with the first Pro-Am sponsored by Coca-Cola; the tournament’s main Pro-Am will be played on Wednesday April 8, supported by Barclays Bank.

The tournament proper starts from Thursday 9 through to Sunday 12 at the Karen Country Club.

Twenty-three Kenyan professionals and six amateurs will be in action, come out and cheer them on — they need it.

selected very rigorously and all the players This Easter weekend nine of the finest local are in high spirits and ready to defend the amateur teams will meet at Kenya’s oldest golf shield,” Kiraithe said. club, the Royal Nairobi Golf Club, for the 91st Tannahill Shield (aka Easter Tournament).

“But beyond victory, the Tannahill Shield gives Royal the opportunity to host Kenya’s The Tannahill Shield is the most celebrated, top golfers in a weekend of comradeship, sport sometimes controversial, elite amateur alland friendship; these are values that our club men golf event in Sub-Saharan Africa. espouses and it is a great honour for us to host It has no equal and brings together Kenya’s the 91st edition of the Tannahill Shield.” golfing elite in a mix of fun, fierce competition, friendship, teamwork, tears, rivalry and Sigona and Muthaiga were joint winners passion like no other golf event does. in 2013 and Muthaiga dominated the event The Tannahill Shield is our Ryder Cup, our from 2009 to 2012. In the modern era of the World Cup, our Super Bowl. This is the Ferrari, game, hosts Royal have been victorious only the Bentley of all golf events on this land. thrice. “We had a great run from 1992 to 1995 First played in 1924, the brainwinning four years in a row, we child of Major Arthur Tannahill, then lost our swing and only sethe tournament has grown in statcured victory again at the turn of ure and quality of play.

The Tannahill the millennium in 2000,” Kiraithe “Muthaiga interrupted us Played every year, with the Shield gives Royal said. from 2001 to 2003 but we came exception of 1940 on account of the oppo≥tunity back strong and won in 2004 and the Second World War, the tournament invites golf club teams to host Kenya’s again in 2008.”

In the 18 years from 1997 to from across Kenya to compete top golfe≥s in 2014, Muthaiga Golf Club were for pride, bragging rights and a weekend of kings at Royal. They ruled the the Silver Shield donated by Mrs Arthur Tannahill in 1938 — 14 com≥adeship... Tannahill Shield with an iron fist winning 11 of 18 tournaments. years after the tournament was They won from 1997 to 1999, 2001, 2005 to first played.

The Vet Lab Sports Club team has been in2007 and 2009 to 2012. vited after a two-year absence following their “The 2013 Tannahill Shield was perhaps suspension from the tournament. one of the most hotly contested; Sigona, Muthaiga, Limuru and our Royal team were neck In 2012 the team walked out of the tournament following a disagreement with the to neck almost to the last match,” Kiraithe hosts over fielding of ‘ineligible’ players. But said. “In the end, Sigona and Muthaiga tied, while Vet Lab is back, Robinson Owiti will not a fitting end to a great tournament that also be at the Royal Nairobi Golf Club team after marked the 90th anniversary of this prestigthe host club declared him persona non grata ious amateur event.” following the 2012 shenanigans.

Sigona had shared the podium once before in 1974 with Vet Lab and have never won the Owiti will lose much needed practice ahead of the Barclays Kenya Open, although event outright. going by his past performance there only a Make your way to the Royal Nairobi Golf Club this Easter weekend, the first round tees miracle would see him perform better. of today, round two and three tomorrow and The Royal team goes into the event as the final round on Easter Sunday followed defending champions. Its captain, Bernard Kiraithe, will be looking to hold onto the shield by the men only Sunday lunch, cigars and for another year. “The Royal team has been whiskies.

The Royal Nairobi Golf Club team celebrates after winning the Tannahill Shield last year. The team is out to defend the title this weekend. CHRIS OMOLLO

14

BUSINESS DAILY | Friday April 3, 2015

REGIONAL NEWS ELECTION He has promised to clean up Nigeria’s filthy politics and get tough on Boko Haram insurgency

KIGALI

Nige≥ia’s Buha≥i hopes to shed past as milita≥y dictato≥ A

s Muhammadu Buhari sat under pressure from the collapse in the oil price, but Mr Dangote’s grinning, in front of the TV watching capitalist presence in the sandal-wearhis election victory unfold, ing general’s inner circle at his moment Nigeria’s future president took care of triumph looks reassuring. to be photographed beside a Muslim In the most glaring endorsement elder and a bishop, a choreographed of Mr Buhari—as well as relief that the statement of unity in a religiously elections avoided the violence of premixed nation.

More importantly for invious polls —the stock vestors, over the left shoulmarket leapt more than eight per cent in the imder of the purple-robed mediate aftermath of bishop was a smiling figNige≥ia has been ure in a sharp grey suit: his win. postponing a Aliko Dangote, Nigeria’s Bonds also climbed, most celebrated business ≥eally impo≥tant while the naira, which magnate and Africa’s richmac≥o-economic has lost 20 per cent of est man. its purchasing power in adjustment An ascetic former militwo devaluations since tary ruler, Mr Buhari built November, gained 0.5 his stunning electoral JAN DEHN, HEAD OF RESEARCH per cent on the black AT AN EMERGING MARKETS market to 217 to the dollandslide on promises to FIRM lar. It remained fixed at clean up Nigeria’s notoriously filthy politics and get 197 in official interbank tough on the Boko Haram insurgency trade. raging in the northeast.

This is not to say all is set fair for the He returned to those themes in his 72-year-old, whose last time in office first official speech as president elect, was 20 months as a military dictator stressing a zero tolerance approach to in the mid-1980s. corruption and saying he would “spare Then, his response to a yawning no effort” to defeat the Islamist militrade gap and runaway inflation was to fix prices and ban “unnecessary” imtants who have killed thousands in ports, rather than let the currency dethe northeast. preciate, under a disastrous economic It is less clear what his victory programme dubbed ‘Buharism’. means for Africa’s biggest economy,

Rwanda signs $75m water treatment plant deal Rwanda signed a deal for a $75 million river water treatment plant as it aims to give all Rwandans access to potable water by 2018.

The water purchase agreement is with Kigali Water Limited, a Rwandan-registered company owned by Metito, a water management company based in the United Arab Emirates.

Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali. The project will take approximately two years to be completed.

A man reads a newspaper announcing the victory of the main opposition All Progressives Congress presidential candidate Muhammadu Buhari. AFP For good measure, he also cut ties with the International Monetary Fund and ordered his soldiers to whip people who failed to form orderly queues at the bus stop.

Mr Buhari’s political views have mellowed since then, and his relationship with Dangote, whose business empire stretches from cement to pasta, suggests his economic ones have gone the same way. But he faces many dark clouds on the horizon.

From President Goodluck Jonathan, who stunned Nigeria’s 170 million people with a gracious concession speech, Buhari inherits an economy decelerating sharply from the seven per cent annual growth to which it has become accustomed.

Standard and Poor’s cut Nigeria’s credit rating two weeks before the vote and Fitch lowered its outlook on the eve of the polls - both moves that will increase Abuja’s borrowing costs.

Meanwhile, the oil price lan-

guishes at around $55 a barrel, half its level of a year ago and a massive blow to a country that relies on crude sales for 80 per cent of government revenues and 95 per cent of foreign exchange.

Outside the capital, huge road-building projects lie deserted and half-finished and cranes stand idle across its skyline, testament to a construction sector pole-axed by the government’s difficulty in paying its bills.

Foreign reserves have dropped by a third in the last year to below $30 billion. Against such a backdrop, Mr Buhari —now free of the need to get elected —will have few options but to cut Nigeria’s cloth to a more appropriate size, analysts say.

“Nigeria has been postponing a really important macro-economic adjustment because of the sensitivity of voters,” said Jan Dehn, head of research at Ashmore Group, an emerging markets investment manager.

-REUTERS

Budget ca≥≥ie≥ Fastjet ≥aises Sh6.9bn fo≥ Af≥ica expansion African budget airline Fastjet Plc said it raised gross proceeds of about Sh6.9 billion ($75 million) through a share issue to fund its expansion and acquire aircraft.

The London-listed company’s shares slumped nearly 13 per cent on Wednesday.

The funds from the offering, which represents about 75 per cent of Fastjet’s enlarged share capital, will help the company add new international routes and expand in Kenya, South Africa, Uganda, Zambia and Zimbabwe, it said.

The company, which aspires to be the first pan-African low-cost carrier, also intends to use excess funds to start a programme to acquire used Airbus A319 aircraft.

EasyGroup, the investment vehicle of Haji-Ioannou, bought stock worth five million pounds, or 10 per cent of the new shares, Fastjet’s chief execu-

Fastjet plans to expand into Kenya, South Africa, Uganda, Zambia and Zimbabwe.

AFP

tive, Ed Winter, told Reuters. Haji-Ioannou, commonly known as Stelios, founded low-cost carrier easyJet Plc in 1995 and started Fastjet in 2012 along with Winter, who was easyJet’s chief operating officer. Stelios had a stake of 10.8 per cent in Fastjet before Wednes-

BRIEFING

day’s fundraising. A spokesman for Stelios, contacted before the results of the placing were announced, declined to comment.

The fundraising also brought on board first time investors in Fastjet.

The were Prudential’s M&G, UK eq-

uity fund manager Hexam Capital Partners LLP, investment manager J O Hambro Capital Management Ltd and South African investment group Old Mutual.

Fastjet also announced a proposed share consolidation to reduce its share price volatility. No further details were given.

The company, which started flying in Tanzania in November 2012, said its plans to expand in Africa would give it up to 210 million potential customers, or a fifth of the continent’s population.

To service that population, Fastjet would have to boost its aircraft fleet from the three it currently has to 34 strong by 2018, Mr Winter said.

By then, Fastjet intends to have leased a third of its fleet and have used equal amounts of debt and equity to finance the rest of the fleet.

-REUTERS

JOHANNESBURG SA woos tourists with app tracing Mandela footsteps A phone app tracing the footsteps of Nelson Mandela was launched in South Africa to encourage tourists to explore his life story, 25 years after his release from prison.

Users can use the tool to plan their travels around major sites associated with the liberation icon, including Robben Island, the prison off Cape Town where he spent 18 years of his 27-year jail term, and Qunu, his childhood home and burial place. The GPS-enabled app, which is named ‘Madiba’s Journey’ after Madela’s clan name, was designed by South African Tourism.

TRIPOLI Warplane strikes Libya airport, no casualties An unidentified warplane carried out air strikes on an airport in a town in western Libya allied with the internationally recognised government, causing minor damage to a passenger terminal but no casualties, an official said. The air strike hit Zintan, whose forces have sided with Prime Minister Abdullah alThinni’s government against the rival administration set up by forces who took over Tripoli in the summer during factional fighting in Libya. “A warplane attacked Zintan airport this morning with seven explosives, one of which went off next to the passenger terminal and damaged the front of the building, and there are no casualties,” Zintan airport spokesman Omar Matooq said.

JOHANNESBURG Nigeria polls boost SA stock market, ticked up by MTN South African stocks ticked up slightly buoyed by telecoms operator MTN Group, spurred on by peaceful presidential elections in Nigeria where it is a market leader.

Financial markets in Africa’s most populous country, which is also MTN’s most important market in terms of revenue and subscribers, rallied after an unprecedented win by opposition politician Muhammadu Buhari.

MTN shares ended nearly 6 per cent higher, pushing Johannesburg’s Top-40 index up 0.2 per cent to 46,128. “MTN was on the back of the Nigerian election. A lot of people thought the elections wouldn’t go through smoothly,” said Chad Bushnell, a trader at Anglorand Asset Managers.

Friday April 3, 2015 | BUSINESS DAILY

Business Of B≥ands

15

FUNDING

p.17

From football to golf, sports draw big brand sponsorship

p.18 PARTNERSHIP p.18 Unilever partners with dental association to fight tooth decay

FRIDAY, APRIL 3, 2015

CONVENIENCE

Taxi booking app launches cashless payment option

OLX pa≥tne≥s with Tuskys in th≥ee-week cha≥ity campaign THE BIG STORY

GIVING BACK>> Firms tap into Kenyans’

generosity and the fact that they have been sitting on goods they don’t need valued at Sh158 billion

O

nline company OLX Kenya has launched a three-week campaign dubbed ‘‘Bless to Sell’’ which urges sellers to donate money from the sale of old items to charitable institutions such as children’s homes.

The campaign, in partnership with Tuskys, is meant to invoke Kenyans of goodwill to give in line with the Easter holiday’s spirit of concern for others.

The campaign is driven by the belief in Kenyans’ generosity and willingness to support each other, which has been corroborated by studies.

The World Giving Index, for example, says Kenyans are the most generous people in Africa and 14th globally.

The annual report provides insight into the scope and nature of giving around the world based on donation of money to charity, volunteering time to organisations, and helping a stranger or someone they didn’t know who needed help. “The true nature of Kenyans is their ability to help strangers

and donate money when need be, the index ranks us the 14th most generous country globally,” said Mr Peter Ndiangui, the OLX Kenya country manager.

“Kenyans have constantly showed their love for each other in crisis as well as when they discover a gap.”

Globally, donations have primarily been driven by older generations with the percentage of younger people declining.

Less fortunate children The biggest decline, of 2.2 per cent, was among those aged between 15 and 29 years. The drop was attributed to growing unemployment and reduced disposable income among younger people worldwide.

OLX Kenya is also riding on the popularity of its online platform to appeal to Kenyans to support less fortunate children in society. “Many

times people feel like they don’t have something to give yet you have a garage or a small store of unused belongings such as clothes your children have outgrown, shoes you only wore once and electronics that you stopped using. We felt that with this Easter season we should go beyond the daily selling to share some of the extra money with someone who really needs it,” Mr Ndiangui said.

The Sell to Bless campaign is based on the idea that many times people do not have cash to donate but have something in their house they do not use.

OLX gives them the platform to raise money and redirect it to help the needy. Customers sell their unused goods on OLX and use the proceeds to buy food from Tuskys supermarkets which donate it to needy children’s homes.

To drive the initiative, OLX has

OLX country manager Peter Ndiangui at his Nairobi office last November.

SALATON NJAU

partnered with local celebrities DJ Soxxy, Kambua, Size 8 and DJ Creme to gather a following. OLX is also leveraging on a report released last year by Nielsen Kenya and dubbed Goldmine of Unused Goods in People’s Homes which showed that Kenyans have been sitting on unused goods worth Sh158bn.

These goods, the company hopes, will drive the online market while giving back to society.

In an increasingly globalised world, the fact that nearly half of the world’s population lives on less than $2 (Sh182) a day matters to business. Companies face the harsh reality that to do business in poor countries they must consider the needs of communities and develop innovative business strategies to address those needs, in order to succeed themselves.

Such strategies create a win-win with the pain of suffering in the society alleviated and the brand profile scaled up.

- AFRICAN LAUGHTER

BRIEFING Nairobi

Geneva

ZUKU tops fixed Internet market

Spectrum allocation dominates ITU forum

Wananchi Group, the technology company that operates under the Zuku brand, now controls the largest share of Kenya’s fixed Internet market. The firm — which operates a triple play platform in which Internet, TV and phone are offered through one cable — now controls 48.8pc of the market up from 44.2pc last year, according to the Quarterly Sector Statistics Report by the Communications Authority of Kenya.

Spectrum-related matters dominated this year’s ITU meeting that dealt with the future development of radio-communications, enabling convergence and coordination of radio services. Delegates at the Conference Preparatory Meeting for the World Radiocommunication concluded with the adoption of a report focusing on technical, operational and regulatory materials to be considered by ITU member states.

Ruiru

Brookside Dairy general manager John Gethi (left) presents a cow to Rita Nashikawa Mulongo of Tongoren in Bungoma County during the conclusion of a promotion dubbed ‘Shinda na Maziwa’ on March 31, 2015. SALATON NJAU

Nairobi

Brussels

EU fund to finance power distribution

EU probes Apple’s music streaming plan

European private companies, investors and donors launched the Electricity Access Fund, an investment facility specifically designed to attract private investment to increase electricity access for poor and remote communities in East Africa. Starting in Kenya, then Uganda and Rwanda, the investment fund worth Sh5.4bn aims to supply reliable and affordable electricity to almost two million people.

The European Commission is scrutinising Apple Inc’s dealings with record labels and digital music companies to find if they are trying to unfairly limit free, ad-supported rivals, the Financial Times reported citing people familiar with the matter. The commission has sought details from several music labels and digital streaming companies on their agreements with Apple, as the firm gears up to launch its own music streaming service.

16

BUSINESS DAILY | Friday April 3, 2015

Friday April 3, 2015 | BUSINESS DAILY

CORPORATE SCENE

THE NUMBERS

F≥om football to golf, spo≥ts d≥aw big b≥and sponso≥ship

TOP TEN SPONSORSHIP DEALS

FUNDING Golf, football and motorsports top list of

activities that continue to attract corporate funding From left—LG Electronics home entertainment, East Africa senior manager Sohn Jae Yong, marketing general manager Moses Marji and media and communications manager Maureen Kemunto during the launch of portable bluetooth speakers into the Kenyan market at the Norfolk Hotel, Nairobi. The branded music flow speakers recently launched globally will retail at an average price of Sh17, 995 .SALATON NJAU

Zipporah Wanyoike (right ) of NSE Investment Challenge takes the Nairobi Securities Exchange (NSE) CEO Geoffrey Odundo (right) and NIC Bank MD John Gachora (centre) through the NSE Investment Challenge Trading Platform during the launch of the challenge at the NSE in Nairobi on March 30, 2015.SALATON NJAU

Nancy Midecha, a vegetables trader in Chavakali, Kakamega displays Sh1 million dummy cheque at the GOtv Kenya offices. She received a cash prize from Janet Oyugi, Multichoice Kenya finance manager.

Mrs Midecha was the fourth winner of the ongoing GOtv Kenya promotion dubbed; ‘‘Dunga Milli’’. COURTESY PHOTO

BY BOB KOIGI

I

n the last one month, more than six companies in Kenya have announced sponsorships or sports-related packages, ranging from sponsoring rally drivers to launching sports related financial products as they position themselves to reap from an area that is experiencing rising followings.

Golf, safari rallies and football top the list for rising brand attention, tying with numerous studies that show these are the most followed sports globally.

A study by the international Golf Tour Operators Association in 2013 indicated that over one billion people globally watch golf channels on TV followed by 400 million soccer audiences.

Rally and motorsports also featured prominently, with global rallying and motorsports enjoying up to 600m viewers globally, according to the International Motorsporting Federation report.

In golf, Kenya and Nigeria have emerged as the fastest growth golf tourism destinations on the continent, with a fifth of the world’s 1.6m golf tourists coming to Africa every year, according to the International Golf Tour Operators Association (IAGTO) .

This explains why corporates have scrambled to express their interest in the annual Barclays Kenya Open golf tournament, which is part of the European Golf Tour and the country’s only major professional golf championship.

The tournament has a high level of vis-

ibility globally and is watched by millions globally, being one of the oldest in the series.

A recent entrant into the sponsorship fray in Kenya is Coca-Cola, which has announced a Sh14m cash sponsorship to become this year’s official non-alcoholic beverage sponsor of the 2015 tournament.

Coca-Cola General Manager for East Africa, Peter Njonjo said with this year’s sponsorship the organisation was keen on leveraging on its platinum sponsorship to hydrate both the players and the tournament attendees with the full Coca-Cola portfolio. He said the decision to include the total portfolio arose out of the need to give players and spectators options in choice to reflect the company’s’ diverse portfolio of beverage offerings.

Consumers “As a total beverage business, we feel we can bring more to this premier Golfing Occasion to refresh and remind players and spectators of the happiness in our bottles, especially brand Coca-Cola to connect with our consumers both local and international,” said Njonjo when presenting the sponsorship cheque to the Kenya Open Golf Limited chairman Peter Kanyago.

Prime Bank, in partnership with Kenya Golf Union, Junior Golf Foundation and Visa Inc. has also launched the Prime Visa Golf Card, the first ever golf card in Kenya targeting golfers with special discounts on purchases of golf merchandise available at selected golf shops; golfers insurance policy at the bank; and a 100 per cent waiver on the

HOW VALUABLE ARE THE FOLLOWING BENEFITS TO YOU?

corporatesponsors sponsors..FILE FILE A Vivo Energy official flags off a rally car in the KCB Safari Rally. Motorsports attract top corporate

joining fees for the card.

Members will also enjoy privileged access to prestigious golf clubs in the country and discounted green fees.

“Prime Bank has always been keen on, innovation and promotion of sports. Our products have always added value to our customer’s everyday life. We strive to give our customers the best products with highest quality,” said Vijay Kantaria the business development director at Prime Bank.

However, as sport sponsorship becomes crowded and the scramble for sponsorship opportunities heats up, brands are getting ingenious, with the current trend being endorsements by lead participants in certain sporting activity.

Data, voice and IP provider company Liquid Telecom has announced a Sh6.5m sponsorship to Kenya National Rally Championship (KNRC) multiple rally winner, Ian Duncan and his team, in the upcoming 2015 Kenya National Rally Championship.

The sponsorship will include the telco installing a camera in Ian’s rallying car, which will capture him in action and stream live footage to his website, which the company

Limited is deploying Quentin Mitchell as their brand ambassador for the revitalised Velvex Tissue Brand, and are confident that their affiliation with this high speed rally car is exactly what they need to identify with their target audience. Group CEO Darshan Chandaria said, “This association aims to give our dedicated customers the knowledge that the brand is lively and vibrant.”

Such sponsorships are not in vain. Studies have shown that brands that invest in sport sponsorships over time and are consistent have gone ahead to record improved publicity, image building and increased sales.

“Eighty per cent of companies polled in the survey indicated a doubling of sales within two years of sponsorship, while 50 per cent of those with a previous dented image recorded an increased cordial relationship with previously bitter customers after three years of consistent sponsorship and publicity,” said the brand position report 2013 by market research and brand building company Brand Pro.

36% increased

DURING WHICH TIME PERIOD DOES YOUR COMPANY DETERMINE ITS SPONSORSHIP BUDGET?

-AFRICAN LAUGHTER

HOW WILL YOUR CURRENT SPONSORSHIP SPENDING COMPARE TO PREVIOUS?

17% increased

The Kenya Banking Industry on March 31, 2015 formally adopted the Sustainable Finance Guiding Principles. Pictured (from left) Kenya Bankers Association (KBA) CEO Habil Olaka, DEG regional director Eric Kaleja, KBA chairman and KCB Group CEO Joshua Oigara, and FMO chief investment officer Linda Broekhuizen display signatures of the banks’ chief executives who attended the meeting. COURTESY PHOTO

is also constructing .

The company will also provide free WiFi services for Ian Duncan’s team at all locations across all the rallies, using VSAT services in remote areas where there is no fibre connectivity.

As the rallying fever heightens, Vivo Energy Kenya and Chandaria Industries Limited also recently announced a sponsorship package for Quentin Mitchell, the fastest Subaru driver in East Africa, who has now set his eyes on the global rallying domination.

Quentin will be the brand ambassador for their Shell V-Power fuel in a one year sponsorship that will be carried under Shell V-Power, Shell Helix Ultra and lubricant, as he starts a five year programme to compete at the top level in the World Rally Championship.

“Our company is a key supporter of Kenyan youth development, and we embrace the ambition and drive of young people to achieve their dreams. Quentin Mitchell Rallying will showcase the superior performance of Shell V-Power and protection that Shell Helix Ultra offers motorists,” said Vivo Energy Kenya Managing Director Polycarp Igathe.

At the same time, Chandaria Industries

47% Remained the same

OVER THE PAST FEW YEARS HAS YOUR RETURN ON INVESTMENT FROM SPONSORSHIP INCREASED, DECREASED OR STAYED THE SAME?

20% dont know

17%

stayed the same

5%

IS YOUR COMPANY CONSIDERING NEW SPONSORSHIPS ?

58% Increased

72% YES

28% NO

Decreased SOURCE: 2012 IEG, LLC | GRAPHIC GENNEVIEVE NAHINGA

17

16

BUSINESS DAILY | Friday April 3, 2015

Friday April 3, 2015 | BUSINESS DAILY

CORPORATE SCENE

THE NUMBERS

F≥om football to golf, spo≥ts d≥aw big b≥and sponso≥ship

TOP TEN SPONSORSHIP DEALS

FUNDING Golf, football and motorsports top list of

activities that continue to attract corporate funding From left—LG Electronics home entertainment, East Africa senior manager Sohn Jae Yong, marketing general manager Moses Marji and media and communications manager Maureen Kemunto during the launch of portable bluetooth speakers into the Kenyan market at the Norfolk Hotel, Nairobi. The branded music flow speakers recently launched globally will retail at an average price of Sh17, 995 .SALATON NJAU

Zipporah Wanyoike (right ) of NSE Investment Challenge takes the Nairobi Securities Exchange (NSE) CEO Geoffrey Odundo (right) and NIC Bank MD John Gachora (centre) through the NSE Investment Challenge Trading Platform during the launch of the challenge at the NSE in Nairobi on March 30, 2015.SALATON NJAU

Nancy Midecha, a vegetables trader in Chavakali, Kakamega displays Sh1 million dummy cheque at the GOtv Kenya offices. She received a cash prize from Janet Oyugi, Multichoice Kenya finance manager.

Mrs Midecha was the fourth winner of the ongoing GOtv Kenya promotion dubbed; ‘‘Dunga Milli’’. COURTESY PHOTO

BY BOB KOIGI

I

n the last one month, more than six companies in Kenya have announced sponsorships or sports-related packages, ranging from sponsoring rally drivers to launching sports related financial products as they position themselves to reap from an area that is experiencing rising followings.

Golf, safari rallies and football top the list for rising brand attention, tying with numerous studies that show these are the most followed sports globally.

A study by the international Golf Tour Operators Association in 2013 indicated that over one billion people globally watch golf channels on TV followed by 400 million soccer audiences.

Rally and motorsports also featured prominently, with global rallying and motorsports enjoying up to 600m viewers globally, according to the International Motorsporting Federation report.

In golf, Kenya and Nigeria have emerged as the fastest growth golf tourism destinations on the continent, with a fifth of the world’s 1.6m golf tourists coming to Africa every year, according to the International Golf Tour Operators Association (IAGTO) .

This explains why corporates have scrambled to express their interest in the annual Barclays Kenya Open golf tournament, which is part of the European Golf Tour and the country’s only major professional golf championship.

The tournament has a high level of vis-

ibility globally and is watched by millions globally, being one of the oldest in the series.

A recent entrant into the sponsorship fray in Kenya is Coca-Cola, which has announced a Sh14m cash sponsorship to become this year’s official non-alcoholic beverage sponsor of the 2015 tournament.

Coca-Cola General Manager for East Africa, Peter Njonjo said with this year’s sponsorship the organisation was keen on leveraging on its platinum sponsorship to hydrate both the players and the tournament attendees with the full Coca-Cola portfolio. He said the decision to include the total portfolio arose out of the need to give players and spectators options in choice to reflect the company’s’ diverse portfolio of beverage offerings.

Consumers “As a total beverage business, we feel we can bring more to this premier Golfing Occasion to refresh and remind players and spectators of the happiness in our bottles, especially brand Coca-Cola to connect with our consumers both local and international,” said Njonjo when presenting the sponsorship cheque to the Kenya Open Golf Limited chairman Peter Kanyago.

Prime Bank, in partnership with Kenya Golf Union, Junior Golf Foundation and Visa Inc. has also launched the Prime Visa Golf Card, the first ever golf card in Kenya targeting golfers with special discounts on purchases of golf merchandise available at selected golf shops; golfers insurance policy at the bank; and a 100 per cent waiver on the

HOW VALUABLE ARE THE FOLLOWING BENEFITS TO YOU?

corporatesponsors sponsors..FILE FILE A Vivo Energy official flags off a rally car in the KCB Safari Rally. Motorsports attract top corporate

joining fees for the card.

Members will also enjoy privileged access to prestigious golf clubs in the country and discounted green fees.

“Prime Bank has always been keen on, innovation and promotion of sports. Our products have always added value to our customer’s everyday life. We strive to give our customers the best products with highest quality,” said Vijay Kantaria the business development director at Prime Bank.

However, as sport sponsorship becomes crowded and the scramble for sponsorship opportunities heats up, brands are getting ingenious, with the current trend being endorsements by lead participants in certain sporting activity.

Data, voice and IP provider company Liquid Telecom has announced a Sh6.5m sponsorship to Kenya National Rally Championship (KNRC) multiple rally winner, Ian Duncan and his team, in the upcoming 2015 Kenya National Rally Championship.

The sponsorship will include the telco installing a camera in Ian’s rallying car, which will capture him in action and stream live footage to his website, which the company

Limited is deploying Quentin Mitchell as their brand ambassador for the revitalised Velvex Tissue Brand, and are confident that their affiliation with this high speed rally car is exactly what they need to identify with their target audience. Group CEO Darshan Chandaria said, “This association aims to give our dedicated customers the knowledge that the brand is lively and vibrant.”

Such sponsorships are not in vain. Studies have shown that brands that invest in sport sponsorships over time and are consistent have gone ahead to record improved publicity, image building and increased sales.

“Eighty per cent of companies polled in the survey indicated a doubling of sales within two years of sponsorship, while 50 per cent of those with a previous dented image recorded an increased cordial relationship with previously bitter customers after three years of consistent sponsorship and publicity,” said the brand position report 2013 by market research and brand building company Brand Pro.

36% increased

DURING WHICH TIME PERIOD DOES YOUR COMPANY DETERMINE ITS SPONSORSHIP BUDGET?

-AFRICAN LAUGHTER

HOW WILL YOUR CURRENT SPONSORSHIP SPENDING COMPARE TO PREVIOUS?

17% increased

The Kenya Banking Industry on March 31, 2015 formally adopted the Sustainable Finance Guiding Principles. Pictured (from left) Kenya Bankers Association (KBA) CEO Habil Olaka, DEG regional director Eric Kaleja, KBA chairman and KCB Group CEO Joshua Oigara, and FMO chief investment officer Linda Broekhuizen display signatures of the banks’ chief executives who attended the meeting. COURTESY PHOTO

is also constructing .

The company will also provide free WiFi services for Ian Duncan’s team at all locations across all the rallies, using VSAT services in remote areas where there is no fibre connectivity.

As the rallying fever heightens, Vivo Energy Kenya and Chandaria Industries Limited also recently announced a sponsorship package for Quentin Mitchell, the fastest Subaru driver in East Africa, who has now set his eyes on the global rallying domination.

Quentin will be the brand ambassador for their Shell V-Power fuel in a one year sponsorship that will be carried under Shell V-Power, Shell Helix Ultra and lubricant, as he starts a five year programme to compete at the top level in the World Rally Championship.

“Our company is a key supporter of Kenyan youth development, and we embrace the ambition and drive of young people to achieve their dreams. Quentin Mitchell Rallying will showcase the superior performance of Shell V-Power and protection that Shell Helix Ultra offers motorists,” said Vivo Energy Kenya Managing Director Polycarp Igathe.

At the same time, Chandaria Industries

47% Remained the same

OVER THE PAST FEW YEARS HAS YOUR RETURN ON INVESTMENT FROM SPONSORSHIP INCREASED, DECREASED OR STAYED THE SAME?

20% dont know

17%

stayed the same

5%

IS YOUR COMPANY CONSIDERING NEW SPONSORSHIPS ?

58% Increased

72% YES

28% NO

Decreased SOURCE: 2012 IEG, LLC | GRAPHIC GENNEVIEVE NAHINGA

17

18

BUSINESS DAILY | Friday April 3, 2015

Taxi booking app launches cashless payment option CONVENIENCE Easy Taxi customers will

be able to pay using their credit or debit cards

T

axi hailing mobile phone application Easy Taxi has launched its newest payment option Easy Taxi Pay (ET Pay), an in-app cashless payment option.

With Easy Taxi Pay, customers can add their credit/debit card details and pay for a ride by simply tapping their smart phone screen. The application also provides a detailed summary of the payment information after each ride via email. With this new payment method, customers using Easy Taxi will now have the widest range of payment options available to them from cash, to M-Pesa paid directly to the driver, and now credit card and debit cards.

“Easy Taxi is excited to provide customers with the option of paying for their rides using their credit/debit cards. With this new mode of payment, we hope to further enhance our customer’s convenience and overall experience,” said Lauren Gray, marketing director at Easy Taxi. To ensure that all transactions made with Easy

Taxi are safe and secure, Easy Taxi is working with Amsterdam-based payment services company Adyen, to process the credit and debit transactions. Adyen is a licensed acquirer of Visa and Mastercard, adhering to the security for both card companies.

Although Easy Taxi Pay is compatible with most major credit and debit cards, some banks in Kenya have not enabled online payments for their card holders. Should a customer be unable to add their card to their user profile, they are encouraged to contact his or her bank directly to enable the payment. As part of the official Easy Taxi Pay launch, Easy Taxi will offer passengers Sh500 discount off their first ET Pay ride.

Easy Taxi was launched in Brazil in 2011. It is today one of the largest taxi booking apps in the world, connecting drivers and passengers in a fast, safe and convenient way. Easy Taxi operates in Latin America, Africa, the Middle East and Asia. It has a global network of over 400,000 drivers.

Unilever partners with dental association to fight tooth decay A partnership between Unilever Kenya’s Close Up tooth paste brand and the Kenya Dental Association (KDA) will see a national rollout of free dental check ups, teeth brushing lessons and awareness. The campaign dubbed ‘Smile for life’ is part of Unilever’s commitment to help one billion people improve their health and well being while working with the World Dental Federation to encourage twice daily brushing with toothpaste.

“Unilever Kenya is proud to partner with the KDA in sensitising the public on oral hygiene during this year’s World Oral Health Day, reaffirming Unilever’s commitment to create a brighter future for

said: “Oral health is an important component of good health, and good oral health is a fundamental human right.

The KDA is therefore pleased to join other stakeholders in celebrating World Oral Health Day and reach out to children and the general population with oral health education.”

Mr Engel added, “Many Kenyans still do not brush their teeth twice a day every day with toothpaste as recommended by dentists. This proves that we need to step up awareness through campaigns in partnership with the country’s health experts.”

Tooth decay is the most common chronic disease on the planet with painful and expensive consequences. It is largely preventable which is why the World Dental Federation strongly recommends brushing twice a day with toothpaste.

Kenyans through Kenya’s most loved brands that help people feel good, look good and get more out of life” said Marc Engel, Unilever CEO for East Africa and emerging markets.

Dr Jane Wamai, the KDA chairperson,

T≥anscend Media in pact with global ma≥keting fi≥m

Transcend Media Group CEO Tony Gatheca. FILE

Leading advertising and communication agency Transcend Media Group (TMG), has entered into a strategic partnership with global advertising giant McCann Worldgroup, a move meant to shake Kenya’s advertising landscape.

Transcend Media Group is the advertising agency behind the new look National Youth Service (NYS) which saw them win the Best Rebrand and Relaunch Campaign at the 2014 Marketing Society of Kenya awards.

“I am excited about this new partnership with McCann Worldgroup because they are a well-respected, leading global

agency network, who shares in our values of integrity and commitment to our customers,” explained TMG Chief Executive Officer, Tony Gatheca.

“We will adapt the McCann way built on the power of truth to transform brands and businesses in this region,” added Mr Gatheca.

Coined as the ‘Hub and Spoke’ approach, the partnership will see the global firm grow its footprint in the region, with Transcend Media Group being their East African arm serving Uganda, Tanzania, Rwanda, Burundi, South Sudan and Ethiopia.

BRAND SPEAK Trends in brand engagement

Budget brands across platforms

Communication channels brands use to leverage their sponsor programs?

Public Relations

77%

Internal Communication

77%

Hospitality

75%

Social Media

74% 72%

Traditional advertising Online Promotions On-site Sampling Business to Business

60%

Brand activation spend comparison 2011-2012

Expected budget evolutions for tactics

Brand Activation

Decrease Increase Stay the same

59%

Guerilla Marketing

Image Campaigns

-28%

-1% -3% -4%

47%

-12%

Sampling Gamification

-8% -13% -15%

Events and trade fairs

Sponsoring

-37%

Congress/ Training Public relations

-4% -5%

Product Placement

51%

-19% -19%

-30%

2%

2012 Net -difference (% increase - % decrease)

Top 10 brands in engagement

• Coca cola • Cote d’Or • Samsung

-6%

Others

42%

3% 6% 3%

Instore Marketing

11%

Sales Promotion Offers 44% Direct Marketing 43%

• Nokia • Lays • Telenet

18% 19% 18% 15%

Direct Marketing

• Belgacom • Proximus • Apple

2013 Net -difference (% increase - % decrease)

SOURCE: #YMS2013 / 2012 IEG, LLC

Friday April 3, 2015 | BUSINESS DAILY

19

MONEY & MARKETS NEWS I REVIEWS I ANALYSIS

Fo≥eign investo≥ outflows at NSE hit ove≥ Sh3 billion in qua≥te≥ one BOURSE Equity Bank and Safaricom

hit by outflows as foreigners cash in on recent good market performance

BY CHARLES MWANIKI

see it has also done well in share price Foreign investors moved a net of Sh3.16 gain, and the investors may have been billion from the NSE in the first quar- waiting to see out the full year results ter of the year, according to data from before selling,” said SIB analyst Eric Standard Investment Bank (SIB), Musau. largely on profit taking.

Other counters that saw high net This was the first net quarterly outflows during the quarter include outflow registered by foreign inves- British American Tobacco (BAT), tors since the corresponding first whose foreign investors took out quarter of last year, when the net out- Sh382 million, ARM Cement which flows stood at Sh3.02 billion. had net outflows of Sh276 million and The last three quarters of 2014 all Bamburi whose net outflows stood at Sh197 million. saw net inflows from foreign investors, leading to a Kenya Commerfull year net inflow position cial Bank, CooperaOn the mac≥oof Sh7.7 billion. tive Bank and Kenya Equity Bank and Safarieconomic side as Power registered the com led the list of counters net foreign well, stability has highest with the largest net outflows inflows during the ≥etu≥ned to Egypt quarter, at Sh545.3 in the quarter, with the telco seeing increased profit million, Sh433.7 miland some wa≥y taking in March as its price lion and Sh200 milinvesto≥s... climbed steadily to reach lion respectively. the Sh17 level by the end of “These funds are ERIC MUSAU,SIB the month. being redistributed March alone accounted across other portfofor the bulk of the quarterly net out- lios in the Kenyan market especially flows at Sh3.1 billion, with foreign in- companies set to pay dividends after vestors in Equity Bank selling a net of announcing results, hence the foreignSh1.35 billion worth of shares and Safa- ers would be interested in locking their ricom’s selling off shares worth Sh950.4 funds in those counters until the book million during the month. closure dates,” said Genghis Capital “This could be attributed to a bit of analyst Mercyline Gatebi. profit taking. Looking at Equity Bank According to Mr Musau, foreign infrom where it was last year, we can vestors may also be trading cautiously

BY GEOFFREY IRUNGU

NSE quaterly foreign inflows/ outflows (Sh Bn) Quarter one of 2015 saw foreign investors pull out a net of Sh3.16 billion from the Kenyan equities market, only the second such quarter in two years.

SOURCE: STANDARD INVESTMENT BANK

in the Kenyan market given that there is still some conflict concerning the levying and mode of collection of capital gains tax.

Some analysts argue charging the tax on non-resident foreign investors may affect portfolio inflows, especially considering this category of investor is not charged the tax in other regional markets.

“On the macro-economic side as well, stability has returned to Egypt, and some wary investors who kept their funds earmarked for Egypt temporarily in markets like Kenya may be redirecting funds there. Nigeria is also stabilising and may pull in some funds from April,” said Mr Musau.

Kestrel Capital analyst Linet Muriungi, in the Kenya Macroeconomic and Equities Outlook for 2015, howev-

Investment brokers on the trading floor of the Nairobi Securities Exchange. Foreign investor outflows hit Sh3bn. FILE er identifies the upcoming derivatives and REITs markets as likely to attract foreign inflows in the medium term.

“We believe these alternative investment instruments will deepen the equities market and attract higher portfolio flows into the market in the medium term,” said Ms Muriungi.

She added that Kenya is in line to benefit from portfolio reallocations around emerging African markets as investors shy away from the economies that depend on commodities such as oil, whose prices have dropped significantly in the world markets. cmwaniki@ke.nationmedia.com

Kenyan diaspo≥a sends home Sh11bn in Ma≥ch

BY GEORGE NGIGI

Kenyans working abroad sent home Sh11 billion ($123.2 million) last month even as the government said nearly half of the amount remitted is not captured in the official figures.

The Treasury estimates that Kenyans in the diaspora sent Sh108 billion ($1.2 billion) through unofficial channels last year equal to the sum sent officially underscoring challenges associated with sending money into the country.

The diaspora community at a conference urged the government to set up a fund to shield them from foreign currency losses incurred when

sending money to increase the inflows which have been growing in recent years. “We are estimating the total remittances were $2 billion with $1.2 billion having been through unofficial channels,” said Henry Rotich, National Treasury cabinet secretary.

Hawala, popular in the Middle East and parts of Asia, is the most common unofficial channel of sending money into the country.

The Central Bank now requires all businesses used to remit money into the country to be licensed by it to help keep track of the cash and ensure the country is not used for money laundering or financing terrorism.

Forex bureaus have also been

Kisumu explo≥e≥ ≥eceives offe≥s fo≥ pa≥t of oil stake

Treasury secretary Henry Rotich. FILE

banned from engaging in the remittance business with CBK requiring them to acquire money remittance provider licenses.

The cost of sending money into the country through official channels was cited as an impediment by the diaspora community. The gov-

ernment promised to start offering incentives. Commercial banks have been jostling to have a greater share of the remittances which offer cheap source of funds and exchange commissions.

The cost of sending cash in the country is estimated at 9.2 per cent of the value of the transfer, higher than the global average of 8.96 per cent of the funds being remitted.

CBK hopes that increased competition among financial institutions will result in lower remittance fees.

Diaspora remittances has been key in supporting the shilling following rise into Kenya’s fourth largest foreign currency earner.

Australian Swala Energy, exploring for oil in Kisumu in partnership with Tullow Oil, has received offers to buy part of its stake.

Swala announced in a brief press statement it was evaluating the offers but did not reveal which companies had put in bids to buy its share.

In Kenya, the firm’s prospect is in Block 12B, which is estimated to hold 44 million barrels of oil worth Sh231 billion at the current crude price of Sh5,282 ($57).

The firm has other exploration assets in Tanzania and Zambia.

The Block (12B) is 50 per cent held by Swala Energy while Tullow Oil holds the other Stake. Swala’s 50 per cent is what is at stake.

Last year, Swala sold a 25 per cent stake to another explorer CEPSA—a Spain-based firm owned by Abu Dhabi’s sovereign wealth fund—but later bought it back after the latter declined to participate in the drilling of the first well in the block.

Strategic review Swala Energy, listed on the Australian Stock Exchange (ASX), decided to consider new partners after contracting Canadian FirstEnergy Capital LLP to advise it on a strategic review of the company’s business.

“Swala Energy Ltd announces that, following the completion on the March 31 strategic review process managed by FirstEnergy Capital LLP, the Company has received a number of expressions of interest from credible parties wanting to farm into one or more of Swala´s licences,” said Swala in a statement.

Without giving more details, the firm said it would update the market in due course.

“The Company will evaluate these offers and looks forward to updating the market in due course,” said Swala Energy.

The company is set to drill for oil at Block 12B at an area called Ahero ‘A’ near Kisumu from next July.

The prospect is being considered the first potentially viable candidate for oil after geological surveys in the area.

Already, oil has been discovered mainly at the Lokichar Basin in Turkana County’s Block 10BB and Block 13T. Swala’s joint venture partner Tullow Oil has hinted that production from the discovered reserves could start within four years.

20

BUSINESS DAILY | Friday April 3, 2015

Friday April 3, 2015 | BUSINESS DAILY

21

MONEY & MARKETS GLOBAL

Iceland plans ≥etu≥n f≥om financial cold

USD/KE

REVIVAL Country was shunned by West after

banking system collapsed in 2008 meltdown After more than six long and lonely years, Iceland is hoping its financial isolation will soon be over.

The North Atlantic nation, whose spectacular 2008 meltdown came to symbolize the greed and mismanagement of the global financial system, is expected to begin unwinding the bankruptcies of its three main banks and lifting controls on the movement of capital in and out of the island within months.

For Iceland, these moves will signal rehabilitation and a return to the international financial community after the collapse of a banking system which at one time held assets worth a staggering ten times the nation’s gross domestic product.

The collapse infuriated some European countries which were left on the hook for billions of dollars in compensation to depositors in failed Icelandic banks, and left Iceland shunned by Western nations in its hour of need.

At the low point in October 2008, Britain used anti-terrorism legislation against the country - forcing international bankers to pick up their bags in the middle of crisis meetings and head to the airport.

Now, Iceland hopes that by finally

lifting capital controls it can draw a line under the crisis, restore its credit rating, lower its borrowing costs, boost its economy and revive the living standards of its 330,000 people. But to do so, it must find a way to let investors withdraw funds without provoking a catastrophic stampede.

Officials say they will put rules in place to ensure a managed, not free, float of the currency. The government is considering taxing the removal of cash to prevent an exodus. And it will clip the wings of domestic banks to make sure a similar crisis can never happen again.

“We’re talking here about the third largest bankruptcy in the history of mankind being unwound in one of the smallest countries,” the country’s central bank governor, Mar Gudmundsson, told Reuters in a recent interview in Reykjavik.

“That is just a huge complication in its own right so we shouldn’t be surprised that it is taking some time,” he said.

Iceland was the object lesson of the economic crisis, brought to ruin through regulatory mismanagement, wilful ignorance, aggressive lending and a huge currency bet. It had already begun to unravel before U.S. investment

Customers leave the main branch of Landsbankinn Bank in Reykjavik, Iceland, in 2008. REUTERS bank Lehman Brothers crashed in September 2008, causing turmoil through global markets and bring Iceland’s financial system down.

Its three main banks, Glitnir, Landsbanki and Kaupthing, all collapsed. Landsbanki had big retail operations abroad, accepting deposits particularly in Britain and the Netherlands under the brand name “Icesave”.

When it failed, Iceland’s banking insurance scheme was unable to cover those deposits, setting the stage for years of international litigation.

Back home, residents still have trouble understanding how a tiny island country of glacier-topped volcanoes, which survived for centuries mainly on fishing, came to grow a gargantuan financial industry whose collapse its

taxpayers could never have afforded to bear. “It was not growth, it was cancer.

It was ridiculous and it was using the naivety of the Icelandic public,” 52-yearold Thorhallur Vilhjalmsson, now a cafe owner in Reykjavik, said of the boom before the crisis.

Iceland turned to banking at the start of the 21st century, modeling itself on “Celtic Tiger” Ireland as a lowtax island economy that could serve as a base for offshore investment and finance.

In 2008, Vilhjalmsson was working in marketing for the Harpa concert hall - a mammoth project owned

by Landsbanki that became a half-finished symbol of what he called “hocus pocus” money when the bank and its project collapsed. -REUTERS

Tracking the markets: Benchmark Index (Latest Data) Africa JSE All Share Index

Uganda

South Africa

Mar‘15

July ‘14

NGSE All share

Tanzania

2,071.00 -0.62%

52,158.78 -0.23%

July ‘14

DSE All Share

USE All Share

Mar‘15

July ‘14

Mar‘15

Xetra Dax

Mar‘15

July ‘14

Mar‘15

Mar‘15

25,275.64 0.77%

11,991.27 -0.08%

17,698.18 -0.44%

July ‘14

Mar‘15

July ‘14

Sensex

Tokyo

Hongkong

Mar‘15

Mumbai 19,312.79 1.46%

July ‘14

Mar‘15 SOURCE: EATTA

Nikkei

HangSeng

Frankfurt

Feb. 2015

Average Tea Prices USD/Kg

Feb’14

New York

July ‘14

Central Bank rate

137.29 0.00%

35,509.88 3.25%

July ‘14

Jan. 2015

Rwanda

Nigeria 2,668.04 1.84%

Kenya inflation rate

Dec. 2013

RSE All Share

World DJ Industrial

Mar‘15

Feb’14

Mar‘15

28,260.14 1.08%

July ‘14

Mar‘15

Av. Coffee Prices in 50kg bags

Oct ‘13

Mar‘15

22

BUSINESS DAILY | Friday April 3, 2015

MARKET DATA Agro Commodities Market Early Morning wholesale commodity prices 2.04.2015 COMMODITY Unit Kg Nairobi CEREAL Dry Maize Bag 90 2500 Green Maize Ext Bag 115 3600 Finger Millet Bag 90 7200 Sorghum Bag 90 4000 Wheat Bag 90 LEGUMES Beans Canadian Bag 90 6300 Beans Rosecoco Bag 90 6500 Beans Mwitemania Bag 90 6300 Mwezi Moja Bag 90 6300 Dolichos (Njahi) Bag 90 6800 Green Gram Bag 90 11500 Cowpeas Bag 90 7400 Fresh Peas Bag 51 3800 Groundnuts Bag 110 13000 ROOTS & TUBERS Red Irish Potatoes Bag 110 2300 White Irish Potatoes Bag 110 2400 Cassava Fresh Bag 99 2000 Sweet Potatoes Bag 98 3600 VEGETABLES Cabbages Ext Bag 126 2800 Cooking Bananas Med Bunch 22 540 Carrots Ext Bag 138 4200 Tomatoes Lg Box 64 5500 Kales Bag 50 3000 Onions Dry net 13 900 Spring Onions Bag 142 2200 Chillies Bag 38 3400 Cucumber Bag 50 2300 Capsicums Bag 50 3000 Brinjals Bag 44 2000 Cauliflower crate 39 2800 Lettuce Bag 51 2400 FRUITS Passion Fruits Bag 57 4800 Ripe Bananas Med Bunch 14 640 Oranges Bag 93 3500 Lemons Bag 95 2600 Mangoes Local Bag 126 2700 Mangoes Ngowe Sm Basket 25 1100 Limes net 13 900 Pineapples Dozen 13 720 Pawpaw Lg Box 54 2000 Avocado Bag 90 2600 OTHERS Eggs Tray 300

Mombasa

Kisumu

Nakuru

Kisii

Eldoret Marimanti Isiolo

2800 5800 7900 2700

3400 2500 5600 3600

2100 2000 6500 3150

3000

2200 2500 7200 5400 3400

8000 7600

6400 6400 4900 4500 6000 10800 7200 4500 12500

6800 6500

6000

2400 2000 10500 2500

3000 5000 9000 4500 5400

5200 6000

5800

11250 11700 6300 2040 12600

10600 10600 5000 600

11250 13500 9000

2000 1800

3000

7200

13000 8200 2500 10400

2500 2700 1600 3100

2500 2500 2100 2500

4100 800 6400 5200 4000 1000 3800 3800 1500 2500 2200 5070 2700

2700 300 5000 3500 3500 1040 1500 1400 2600 1350

3500 3000 3000

2500

5000 450 3000 3200

3000 300 3000 1600 2500 1800

5000 750 2600 2700 2800

3705 600 3200

400 2000

2400 700

400

600 1200 1600

480 2500 2500

600 650 900

910 3780 2100

800

300

280

320

360

330

1400 900 900 900 3000 330

13200 3500

2500

350 2500 3000 800 850 1500 3500

13500

2100

1700

2000 2500

3000 350 5000 4500 3600 600 1700

2400 1000 1800 3400 2000 1400 780

800 300 5000 5000 300 600 2500

3500 2700

SOURCE: STATE DEPARTMENT OF AGRICULTURE. EMAIL MARKETINFO@KILIMO.GO.KE

Unit Trusts EFFECTIVE DATE: 1ST AAPRIL 2015 CURRENCY DAILY YIELD EFFECTIVE ANNUAL RATE MONEY MARKET FUND SH 7.41% 7.67% OLD MUTUAL SH 10.82% 11.42% BRITISH AMERICAN SH 8.77% 9.11% CBA SH 10.59% 11.17% UAP SH 10.93% 11.55% ICEA SH 10.72% 11.26% AMANA SH 11.58% 12.09% GENCAP HELA SH 10.46% 11.03% PAN AFRICA PESA+ SH 9.98% 10.45% STANLIB CURRENCY FIXED INCOME FUND SH GENCAP HAZINA USD NABO AFRICA BALANCED FUND SH OLD MUTUAL / TOBOA SH BRITISH AMERICAN SH BA MANAGED RETIREMENT SH AMANA SH ICEA SH GENCAP ENEZA SH UAP SH PAN AFRICA CHAMA+ SH STANLIB USD NABO AFRICA EQUITY FUND SH OLD MUTUAL SH OLD MUTUAL EAST AFRICA FUND SH AMANA SH BRITISH AMERICAN SH CBA SH ICEA SH GENCAP HISA SH UAP SH STANLIB USD NABO AFRICA BOND FUND SH OLD MUTUAL BOND FUND SH BRITISH AMERICAN SH ICEA SH UAP SH STANLIB FUND B1 SH STANLIB FUND A SH PAN AFRICA PATA+ SHARIAH COMPLIANT SH GENCAP IMAN

Issuer

Silver Chef Ltd 8800

7650 9900 6300 5000 14080

3000

M&A Equity Deals completed last week worldwide

BUY 114.45 100.97

SELL 110.45 100.97

165.37 196.23 140.94 126.70 146.58 134.19 11.19 10.73 132.28 102.90

176.10 201.96 142.14 126.70 154.29 129.50 11.75 11.06 132.28 102.90

419.36 163.06 127.04 217.10 172.27 156.03 141.29 11.15 193.47 113.03

449.33 172.56 127.04 224.00 172.27 164.24 136.35 11.71 193.47 113.03

100.15 137.58 98.06 10.78 100.44 99.77 10.29

102.53 140.38 99.05 10.78 100.44 99.77 10.59

119.77

113.78

5300

800 6300 4500 1500 1300 600

6400 700 4500 1800

500

350

Fuyao Glass Ind Grp Co Ltd Cowell e Holdings Inc Peyto Expln & Dvlp Corp Origin Enterprises PLC Premium Brands Holdings Corp Citizens Financial Group Inc Diplomat Pharmacy Inc EnLink Midstream Partners LP Santos Ltd ZS Pharma Inc Gray Television Inc Franklin Financial Network Inc Heidelberger Druckmaschinen AG Hoist Finance AB Capital First Ltd Spotless Group Holdings Ltd Alstria Office REIT-AG Whiting Petroleum Corp inContact Inc Misawa & Co Ltd Cellectis SA La Quinta Holdings Inc Whiting Petroleum Corp Aabar Investments PJSC TerraVest Capital Inc Boston Pizza Royalties Income Brixmor Property Group Inc Kennedy-Wilson Holdings Inc Windward Resources Ltd Platinum Group PCL Synergy Grp Hldg Intl Ltd Kwan On Holdings Ltd Kong Sun Holdings Ltd Amax International Holdings Lt Anoto Group AB Aramark Chesapeake Lodging Trust TECSYS Inc Irish Residential Properties TransAlta Renewables Inc Noricum Gold Ltd Lenta Ltd Carrefour SA

Domicile Nation Name

TF Macro Description

Shares Offered - sum of all Mkts

Offer Price

7.8

Proceeds Amt inc. Over Sold - sum of all Mkts ($ mil) 7.06

Australia

1,153,846.00

China

Consumer Products and Services Industrials

China

Currency

Australian Dollar

439,679,600.00

16.8

952.52

Hong Kong Dollar

Telecommunications

208,000,000.00

4.25

113.99

Hong Kong Dollar

Canada

Energy and Power

4,380,000.00

34.25

119.89

Canadian Dollar

Ireland-Rep

Materials

49,000,000.00

8.25

443.55

EURO

Canada

Consumer Staples

-

100

39.96

Canadian Dollar

United States

Financials

135,000,000.00

23.75

3,206.25

U.S. Dollar

United States

Retail

8,540,109.00

29

247.66

U.S. Dollar

United States

Energy and Power

22,800,000.00

25.71

586.19

U.S. Dollar

Australia United States United States United States

Energy and Power Healthcare Media and Entertainment Financials

14,270,511.00 4,015,939.00 12,000,000.00 2,640,000.00

7.53 46.25 13 21

84.25 185.74 156 55.44

Australian Dollar U.S. Dollar U.S. Dollar U.S. Dollar

Germany

Industrials

-

100

64.3

EURO

Sweden India Australia

40,725,246.00 7,692,300.00 103,967,625.00

58 390 2.21

278.09 48.19 180.92

Swedish Krona Indian Rupee Australian Dollar

Germany

Financials Financials Consumer Products and Services Real Estate

7,901,847.00

13

112.18

EURO

United States

Energy and Power

-

100

1,000.00

U.S. Dollar

United States

-

100

100

U.S. Dollar

Japan France United States

Consumer Products and Services Retail Healthcare Media and Entertainment

840,000.00 5,500,000.00 20,750,000.00

801 41.5 23.71

6.46 228.25 491.98

Japanese Yen U.S. Dollar U.S. Dollar

United States

Energy and Power

35,000,000.00

30

1,050.00

U.S. Dollar

Utd Arab Em

Financials

-

100

2,184.12

EURO

Canada

Financials

-

100

20.02

Canadian Dollar

Canada

Retail

5,047,613.00

22.1

89.14

Canadian Dollar

United States

Real Estate

22,500,000.00

26.38

593.55

U.S. Dollar

United States

Real Estate

7,500,000.00

25.55

191.62

U.S. Dollar

Australia

Materials

20,000,000.00

0.3

4.72

Australian Dollar

Thailand

Real Estate

700,000,000.00

7.4

159.34

Thai Baht

Hong Kong

Industrials

125,000,000.00

0.5

8.06

Hong Kong Dollar

Hong Kong

Industrials

240,000,000.00

0.3

9.28

Hong Kong Dollar

Hong Kong

Real Estate

352,000,000.00

1.07

48.56

Hong Kong Dollar

Hong Kong

Media and Entertainment

11,000,000.00

0.7

0.99

Hong Kong Dollar

Sweden United States United States

High Technology Retail Real Estate

79,625,292.00 22,500,000.00 4,000,000.00

0.427 32.45 34

4 730.12 136

Swedish Krona U.S. Dollar U.S. Dollar

Canada Ireland-Rep

High Technology Real Estate

674,157.00 215,000,000.00

8.9 1

4.79 237.41

Canadian Dollar EURO

Canada

Energy and Power

15,820,000.00

12.65

159.91

Canadian Dollar

United Kingdom Russian Fed France

Materials Retail Retail

239,000,000.00 35,200,000.00 12,700,000.00

0.002 6.4 31

0.72 225.28 431.03

British Pound U.S. Dollar EURO

Friday April 3, 2015 | BUSINESS DAILY

23

MARKET DATA African Indices

Nairobi Stocks

NAME

NSE 20 Share Index

5,196.86 -0.83%

Nairobi

LOCATION

LAST

KENYA

5,196.86

-43.67

-0.83%

NSE 20 - SHR IDX LUSE ALL SHARE INDEX

-0.54%

6,136.93

6,136.93

6,103.71

6,136.93

-0.23%

52,299.54

52,446.12

52,158.78

52,281.14

UGANDA

2,071.00

ZIMBABWE

155.89

5,300.00

CFG INDEX

MOROCCO

5,200.00

MALAWI ALL SHR

MALAWI

5,100.00

DSE ALL SHR IDX

5,000.00

NSE ALL SHARE/D

4,900.00

EGX 30 IDX/D

4,800.00

TUN MAIN INDEX

173.39 -1.04%

Nairobi

182.00 177.00 172.00 167.00 162.00 157.00 152.00 147.00 July ‘14

March ‘15

FTSE Pan African Index

1,234.76 0.00%

Nairobi 1500.00 1450.00 1400.00 1350.00 1300.00 1250.00 1200.00 1150.00 July ‘14

March ‘15

Active Active Counters Counters Prev ffri

%

Total Shares

Change

Traded

Safaricom

16.60

17.00

-2.35%

10,225,100

KenolKobil

9.00

9.25

-2.70%

5,502,100

Mumias

2.30

2.40

-4.17%

5,255,800

KCB

60.50

60.50

0.00%

4,820,800

British American

26.00

27.00

-3.70%

4,299,300

Gainers Last fri

Prev ffri

Net

Price

Change

%

Counter

Price

KenGen

10.85

10.05

0.80

7.96%

Umeme

19.00

18.00

1.00

5.56%

Eaagads

33.75

32.25

1.50

4.65%

Uchumi

10.50

10.10

0.40

3.96%

125.00

121.00

4.00

3.31%

Last fri Price

Prev fri price

Pan Africa

Chng

Losers Counter

Net Change

% Chng

Total

24.25

26.25

-2.00

-7.62%

NIC Bank

55.50

59.50

-4.00

-6.72%

Standard Grp

35.75

38.25

-2.50

-6.54%

Centum Invest.

59.50

63.00

-3.50

-5.56%

2.30

2.40

-0.10

-4.17%

Mumias

-13.00

-0.62%

2,084.00

2,084.00

2,084.00

2,084.00

-0.12

-0.08%

156.01

156.01

156.01

156.01

21,645.87

-187.32

-0.86%

21,830.96

21,846.73

21,645.87

21,833.19

15,410.89

49.35

0.32%

15,361.54

15,361.54

15,361.54

15,361.54

TANZANIA

2,668.04

48.21

1.84%

2,619.83

2,619.83

2,619.83

2,619.83

NIGERIA

35,509.88

1117.32

3.25%

34,380.14

35,837.39

34,380.14

34,392.56

EGYPT

8,891.73

-207.60

-2.28%

9,096.90

9,112.29

8,891.59

9,099.33

TUNISIA

5,340.86

25.49

0.48%

5,323.57

5,344.47

5,312.03

5,315.37

RWANDA

137.29

0.00

0.00%

137.29

137.29

137.29

137.29

Daily Share Report

All Share Index (NASI)

Price

5,240.53

-122.36

ZSE INDUSTRIAL

Price

CLOSE

5,240.53

-33.22

ALSIUG

Last fri

LOW

5,240.53

6,103.71

5,400.00

Counter

HIGH

5,240.53

52,158.78

5,500.00

RSE ALLSHARE IND

OPEN

ZAMBIA

JSE ALL SHARE INDEX

March ‘15

PCT.CHNG

SOUTH AFRICA

5,600.00

July ‘14

NET.CHNG

MARKET UPDATES

52 WK HIGH

52 WK LOW

AGRICULTURAL 100.00 26.00 EAAGADS 346.00 110.00 KAKUZI 180.00 120.00 KAPCHORUA TEA 1185.00 620.00 LIMURU TEA 27.50 27.50 REA VIPINGO 18.50 11.50 SASINI 319.00 240.00 WILLIAMSON TEA AUTOMOBILES & ACCESSORIES 62.00 31.00 CAR & GEN 13.60 8.00 MARSHALLS 9.40 5.40 SAMEER BANKING 18.45 15.05 BARCLAYS 155.00 104.00 CFC STANBIC 280.00 216.00 DTBK 63.00 31.00 EQUITY 55.00 33.25 HF 147.00 120.00 I&M HOLDINGS 64.50 42.25 KCB 34.00 22.25 NBK 85.00 55.00 NIC BANK 357.00 290.00 STAN. CHART. 25.00 17.10 CO-OP BANK COMMERCIAL 8.50 4.15 EXPRESS (K) 20.25 20.25 HUTCHINGS BIEMER 13.50 7.60 KQ 30.75 7.90 LONGHORN PUBLISHERS 325.00 225.00 NATION MEDIA 247.00 40.00 SCANGROUP 47.50 26.25 STANDARD GRP 49.50 32.00 TPS EA 15.60 8.00 UCHUMI CONSTRUCTION & ALLIED 95.00 76.00 ARM CEMENT LTD 206.00 135.00 BAMBURI 165.00 83.00 CROWN BERGER 17.00 13.50 EA CABLES 110.00 51.00 EAPC ENERGY & PETROLEUM 13.15 8.70 KENGEN 10.50 7.90 KENOLKOBIL 18.50 12.85 KENYA POWER 32.00 22.00 TOTAL 23.00 13.00 UMEME INSURANCE 40.00 16.40 BRITISH AMERICAN 12.40 7.50 CIC INSURANCE 599.00 301.00 JUBILEE 21.00 16.00 KENYA RE 26.00 15.10 LIBERTY KENYA 142.00 101.00 PAN AFRICA INVESTMENT 84.50 35.00 CENTUM INVEST. 10.85 2.50 OLYMPIA 30.00 17.00 TRANSCENTURY INVESTMENT SERVICES 15.00 NAIROBI SECURITIES EXCHG 28.00 MANUFACTURING & ALLIED 11.10 11.10 A. BAUMANN 165.00 123.00 BOC GASES 1050.00 521.00 BAT KENYA 37.00 19.60 CARBACID 355.00 250.00 EABL 5.35 2.65 EVEREADY EA 192.00 4.40 K. ORCHARDS 3.85 1.35 MUMIAS 56.50 22.00 UNGA TELECOMMUNICATION & TECHNOLOGY SAFARICOM 17.50 11.75 GROWTH AND ENTERPRISE MARKET SEGMENT ATLAS DEVELOPMENT 13.75 11.00 8.00 FLAME TREE GROUP HOLDINGS 14.00 5.80 3.00 HOME AFRICA 1500.00 KURWITU VENTURES LTD 1500.00

YTD %

VWA LAST PRICE

VWA PREV PRICE

DAILY PRICE CHANGE

DAILY TRADED SHARES

SHARES ISSUED

EPS LATEST 12MNTH

P/E TRAILING

PBV TRAILING

DPS LATEST 12MNTH

TOTAL DIVIDEND YIELD

-23.21% 55.56% -5.11% 45.78% 0.00% 11.67% 12.90%

33.75 280.00 130.00 1124.00 27.50 14.35 280.00

32.25 280.00 130.00 1124.00 27.50 14.35 280.00

4.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

2,500 9,500

32,157,000 19,599,999 3,912,000 1,200,000 60,000,000 228,055,500 8,756,320

1,037,063,250.0 5,487,999,720.0 508,560,000.0 1,348,800,000.0 1,650,000,000.0 3,272,596,425.0 2,451,769,600.0

-1.30 8.17 32.21 23.80 5.85 0.54 81.36

-25.96 34.27 4.04 47.23 4.70 26.57 3.44

2.70 1.89 0.37 5.47 0.74 0.52 0.39

0.00 3.75 5.00 7.50 0.00 0.25 7.00

0.00% 1.34% 3.85% 0.67% 0.00% 1.74% 2.50%

-8.33% 22.45% -8.33%

49.50 12.00 5.65

49.50 12.00 5.50

0.00% 0.00% 2.73%

35,400

40,103,308 14,393,106 278,342,393

1,985,113,746.0 172,717,272.0 1,530,883,161.5

6.57 -11.90 -0.24

7.53 -1.01 -23.54

0.95 0.44 0.67

0.60 0.00 0.00

1.21% 0.00% 0.00%

-1.50% 1.61% 2.98% 4.00% -17.49% 3.25% 6.14% -3.03% 3.48% 2.99% 6.25%

16.55 126.00 239.00 51.00 37.50 127.00 60.50 24.00 55.50 338.00 21.00

16.45 126.00 242.00 52.00 37.75 127.00 60.50 24.00 59.50 345.00 21.25

0.61% 0.00% -1.24% -1.92% -0.66% 0.00% 0.00% 0.00% -6.72% -2.03% -1.18%

239,600 1,000 141,700 1,551,000 42,800 292,000 4,820,800 61,800 390,800 102,400 111,400

5,431,536,000 395,321,638 242,110,105 3,702,777,020 235,750,000 392,362,039 2,984,227,692 280,000,000 639,945,603 309,159,514 4,889,316,295

89,348,767,200.0 49,810,526,388.0 58,590,645,410.0 192,544,405,040.0 8,899,562,500.0 49,829,978,953.0 180,545,775,366.0 6,720,000,000.0 38,076,763,378.5 106,660,032,330.0 103,897,971,268.8

1.54 14.38 21.92 4.55 4.21 13.56 5.63 3.11 7.07 33.21 1.64

10.75 8.76 10.90 11.21 8.91 9.37 10.75 7.72 7.85 10.18 12.80

2.78 2.16 2.51 3.66 1.45 2.27 2.82 0.55 1.71 2.89 2.39

1.00 6.15 2.40 1.80 1.50 1.90 2.00 0.00 1.00 17.00 0.50

6.04% 4.88% 1.00% 3.53% 4.00% 1.50% 3.31% 0.00% 1.80% 5.03% 2.38%

-9.68% 0.00% -6.90% -5.95% -6.84% 1.66% 10.07% -8.78% 0.50%

5.60 20.25 7.95 8.65 235.00 46.00 35.75 33.75 10.50

5.60 20.25 8.10 8.70 245.00 46.00 38.25 33.75 10.10

0.00% 0.00% -1.85% -0.57% -4.08% 0.00% -6.54% 0.00% 3.96%

39,300 280,900 4,900 1,000 1,400 1,100 29,200 26,800

35,403,790 360,000 1,496,469,035 243,750,000 188,542,286 378,865,102 81,731,808 182,174,108 364,959,616

198,261,224.0 7,290,000.0 12,121,399,183.5 2,120,625,000.0 46,192,860,070.0 17,427,794,692.0 3,126,241,656.0 6,148,376,145.0 3,686,092,121.6

0.01 -18.34 -2.25 1.62 13.10 2.70 2.57 3.45 1.45

560.00 -1.10 -3.53 5.34 17.94 17.04 13.91 9.78 7.24

1.00 3.80 1.17 5.42 2.13 1.61 0.56 0.95

0.00 0.00 0.00 2.00 10.00 0.40 0.50 1.35 0.30

0.00% 0.00% 0.00% 23.12% 4.26% 0.87% 1.40% 4.00% 2.86%

-8.72% 15.11% 7.21% -1.23% 1.72%

80.00 159.00 119.00 15.95 59.00

78.50 160.00 119.00 16.00 59.00

1.91% -0.62% 0.00% -0.31% 0.00%

2,200 103,600 93,700 -

495,275,000 362,959,275 23,727,000 253,125,000 90,000,000

38,879,087,500.0 58,073,484,000.0 2,823,513,000.0 4,050,000,000.0 5,310,000,000.0

3.01 9.80 9.01 1.37 -4.30

26.58 16.22 13.21 11.64 -13.72

4.88 1.99 2.07 1.67 1.10

0.60 12.00 1.75 1.00 0.00

0.75% 7.55% 1.47% 6.27% 0.00%

-2.43% 6.32% 23.53% 9.38% -14.29%

10.85 9.00 17.45 24.25 19.00

10.05 9.25 17.85 26.25 18.00

7.96% -2.70% -2.24% -7.62% 5.56%

69,700 5,502,100 311,800 5,900 100

2,198,361,456 1,471,761,200 1,951,467,045 175,028,706 1,623,878,005

22,093,532,632.8 13,613,791,100.0 34,833,686,753.3 4,594,503,532.5 29,229,804,090.0

1.29 0.74 3.31 2.26 1.34

8.41 12.16 5.27 10.73 14.18

0.35 1.99 0.78 0.83 3.37

0.40 0.20 0.50 0.70 0.73

3.69% 2.22% 2.87% 2.89% 3.84%

-9.24% 2.60% 26.44% 8.50% 7.53% 0.83%

26.00 9.80 570.00 18.80 25.25 125.00

27.00 9.85 569.00 18.50 25.00 121.00

-3.70% -0.51% 0.18% 1.62% 1.00% 3.31%

4,299,300 258,200 4,300 30,900 4,300 7,500

1,938,415,838 2,615,538,528 59,895,000 699,949,068 535,707,499 96,000,000

52,337,227,626.0 25,763,054,500.8 34,080,255,000.0 12,949,057,758.0 13,392,687,475.0 11,616,000,000.0

1.47 0.43 48.00 4.29 2.15 9.07

17.69 22.79 11.88 4.38 11.74 13.78

2.91 3.17 3.19 0.73 2.56 3.59

0.30 0.10 8.50 0.70 1.00 0.00

1.15% 1.02% 1.49% 3.72% 3.96% 0.00%

3.28% 13.46% -5.68%

59.50 5.80 18.55

63.00 5.90 18.25

-5.56% -1.69% 1.64%

476,000 7,500 3,700

665,441,775 40,000,000 280,284,476

41,922,831,825.0 236,000,000.0 5,115,191,687.0

4.54 0.38 1.06

13.11 15.26 17.50

1.95 0.29 0.98

0.00 0.00 0.40

0.00% 0.00% 2.16%

19.90

19.90

0.00%

76,700

194,625,000

3,873,037,500.0

1.35

14.74

5.31

0.38

1.91%

0.00% 8.00% -12.11% 0.00% 2.60% 5.41% 1.82% 23.08% 11.95%

11.10 133.00 800.00 21.00 321.00 3.90 112.00 2.30 43.75

11.10 135.00 798.00 21.75 316.00 3.90 112.00 2.40 44.50

0.00% -1.48% 0.25% -3.45% 1.58% 0.00% 0.00% -4.17% -1.69%

1,000 10,100 43,000 139,900 700 5,255,800 7,600

3,840,066 19,525,446 100,000,000 254,851,988 790,774,356 210,000,000 12,868,124 1,530,000,000 75,708,873

42,624,732.6 2,635,935,210.0 79,800,000,000.0 5,543,030,739.0 249,884,696,496.0 819,000,000.0 1,441,229,888.0 3,672,000,000.0 3,369,044,848.5

-2.02 10.38 42.55 1.93 8.21 -0.85 0.15 -1.77 3.65

-5.50 12.81 18.80 10.88 39.10 -4.59 746.67 -1.30 11.99

1.78 10.57 3.24 9.29 2.53 589.47 0.33 0.71

0.00 5.20 42.50 0.30 5.50 0.00 0.00 0.00 0.75

0.00% 3.91% 5.31% 1.43% 1.71% 0.00% 0.00% 0.00% 1.71%

21.00%

16.60

17.00

-2.35%

10,225,100

40,065,428,000

681,112,276,000.0

0.57

29.12

8.30

0.47

2.83%

-21.95% -

11.40 9.25 3.25 1500.00

11.40 9.20 3.20 1500.00

0.00% 0.54% 1.56% 0.00%

900 128,300 299,000 -

433,063,193 161,866,804 405,255,320 102,272

4,936,920,400.2 1,489,174,596.8 1,296,817,024.0 153,408,000.0

-0.04 0.92 0.05 -62.40

-285.00 10.05 65.00 -24.04

0.00 0.92 0.00 0.00

0.00% 9.95% 0.00% 0.00%

MKT CAP. KSHS

-

TO RECEIVE NATIONMOBILE ALERTS ON YOUR CELLPHONE, SMS THE STOCK YOU WANT, E.G. STOCKS KENGEN, TO 20667.

6667. EACH EACHALERT ALERTCOSTS COSTSSH5 SH5ABOVE ABOVENORMAL NORMALRATES. RATES.

24

BUSINESS DAILY | Friday April 3, 2015

MARKET DATA Equities & Bonds Kenya Treasury and Infrastructure Bonds

Share Price Performance Scorecard SCORECARD AS AT 2ND APRIL 2015 NAME A BAUMANN ATLAS DEVPNT & SPPRT SERV ATHI RIVER MINING BAMBURI BARCLAYS KEN BAT KENYA BOC KENYA BRITISH AMERICAN CAR & GENERAL CARBACID INV CENTUM INV CFC STANBIC BANK CIC INSURANCE CO-OP BANK CROWN BERGER DIAMOND KEN EA CABLES EA PORT CEM EAAGADS EA AFR BREW EQUITY BANK EVEREADY EA EXPRESS KEN FLAME TREE HLDNGS G WILLIAMSON HUTCHINGS BIEMER HOME AFRICA LIMITED HOUSING FIN I&M HOLDING JUBILEE HLDS KAKUZI KAPCHORUA KEN ORCHARDS KENGEN KENYA AIRWAYS KENYA COM BK KENOLKOBIL KENYA POWER KENYA RE KURWITU LIBERTY HOLDINGS LIMURU TEA LONGHORN MARSHALL MUMIAS SUGAR NAIROBI SECURITIES NATION MEDIA NATL BANK KEN NIC BANK OLYMPIA CAPITAL PAN AFR INS REA VIPINGO SAFARICOM SAMEER AFRICA SASINI SCANGROUP STANDARD GRP STD CHART KEN TOTAL KENYA TPS (EA) TRANSCENTURY UCHUMI SUPER UNGA GROUP

PREVIOUS 11.10 11.40 78.50 160.00 16.45 798.00 135.00 27.00 49.50 21.75 63.00 126.00 9.85 21.25 119.00 242.00 16.00 59.00 32.25 316.00 52.00 3.90 5.60 9.20 280.00 20.25 3.20 37.75 127.00 569.00 280.00 130.00 112.00 10.05 8.10 60.50 9.25 17.85 18.50 1500.00 25.00 1124.00 8.70 12.00 2.40 19.90 245.00 24.00 59.50 5.90 121.00 27.50 17.00 5.50 14.35 46.00 38.25 345.00 26.25 33.75 18.25 10.10 44.50

CLOSE 11.10 11.40 80.00 159.00 16.55 800.00 133.00 26.00 49.50 21.00 59.50 126.00 9.80 21.00 119.00 239.00 15.95 59.00 33.75 321.00 51.00 3.90 5.60 9.25 280.00 20.25 3.25 37.50 127.00 570.00 280.00 130.00 112.00 10.85 7.95 60.50 9.00 17.45 18.80 1500.00 25.25 1124.00 8.65 12.00 2.30 19.90 235.00 24.00 55.50 5.80 125.00 27.50 16.60 5.65 14.35 46.00 35.75 338.00 24.25 33.75 18.55 10.50 43.75

% 1D 0.00 0.00 1.91 -0.62 0.61 0.25 -1.48 -3.70 0.00 -3.45 -5.56 0.00 -0.51 -1.18 0.00 -1.24 -0.31 0.00 4.65 1.58 -1.92 0.00 0.00 0.54 0.00 0.00 1.56 -0.66 0.00 0.18 0.00 0.00 0.00 7.96 -1.85 0.00 -2.70 -2.24 1.62 0.00 1.00 0.00 -0.57 0.00 -4.17 0.00 -4.08 0.00 -6.72 -1.69 3.31 0.00 -2.35 2.73 0.00 0.00 -6.54 -2.03 -7.62 0.00 1.64 3.96 -1.69

% 5D 0.00 0.88 -3.03 -0.62 -2.07 -1.23 -1.48 0.97 5.88 0.00 0.00 0.00 -1.01 0.00 0.00 -2.05 4.25 0.00 -8.78 -1.23 2.51 -2.50 -6.67 -3.65 7.28 0.00 3.17 -1.96 0.00 -0.18 11.11 0.00 0.00 1.88 -10.67 0.00 -7.69 -2.79 0.27 0.00 1.00 0.00 -1.14 0.42 -2.13 1.79 -4.47 -1.03 -6.72 0.00 -3.10 0.00 0.91 -1.74 4.74 3.37 -5.30 -0.59 -7.62 1.50 4.51 -2.33 -0.57

% 1M 0.00 -0.87 -8.57 0.63 -3.78 -7.62 -2.21 -11.11 4.76 -12.50 -0.83 -3.08 -12.89 -5.62 -16.78 -4.02 -1.85 -1.67 -14.01 5.94 -4.67 -4.88 -11.81 -0.54 -6.67 0.00 -10.96 -4.46 0.79 5.56 -15.15 -7.80 -2.61 -11.43 -19.70 1.68 -12.20 -2.24 3.58 0.00 2.02 0.90 -3.89 0.00 -14.81 2.58 -9.27 -4.95 -13.28 -6.45 -3.10 0.00 6.07 -8.87 -7.42 -8.91 -20.11 -3.98 -15.65 -2.17 3.06 3.45 -8.38

% 3M 0.00 -7.32 -6.98 14.39 -1.19 -11.21 6.40 -12.61 -8.33 -4.55 -3.25 1.61 -2.00 7.69 7.21 0.84 1.59 1.72 -19.64 6.29 0.99 0.00 -9.68 12.12 12.90 0.00 -21.69 -19.79 1.60 26.67 55.56 -5.11 1.82 6.90 -8.62 6.14 4.65 22.46 10.59 0.00 8.60 45.78 -10.82 22.45 17.95 -4.10 -17.54 -3.03 -3.48 1.75 4.17 0.00 17.31 -5.83 10.38 2.22 2.88 1.20 -7.62 -8.78 -4.87 0.48 10.76

% 6M 0.00 -8.57 8.16 -3.22 -15.70 -6.34 -21.21 7.61 -22.94 -3.25 -0.79 -14.78 -3.45 3.48 -13.09 5.28 -19.73 -15.63 13.03 2.51 -14.29 -32.93 1.82 0.00 0.00 -22.28 -8.63 14.23 30.23 -7.80 27.27 6.90 -14.52 3.42 -3.23 21.18 3.30 12.22 27.73 -69.11 15.38 15.00 -10.56 -24.19 -10.28 -29.30 -16.55 1.63 0.00 30.20 -15.67 -0.69 8.88 3.62 1.20 -3.00 -4.93 0.00 1.45 13.64

% 1Y 0.00 -9.09 -20.90 0.61 33.33 -5.00 44.44 59.68 -32.80 67.61 17.76 0.00 5.00 41.67 6.22 0.00 -29.76 16.38 20.22 61.90 11.43 24.44 -3.45 0.00 0.00 8.70 0.00 86.89 150.00 -9.72 2140.00 -10.33 -39.31 31.52 -12.20 20.76 1.08 52.11 81.29 -33.46 20.00 -30.30 -24.44 -11.93 -13.95 30.34 5.04 0.00 33.87 -18.71 -16.57 -4.66 23.28 8.68 3.19 -22.41 0.00 -28.08 86.17

APRIL 2, 2015

ISSUE

MATURITY

ISSUED VALUE COUPON

TRADED

PREVIOUS

TOTAL

DATE

DATE

IN MILLIONS

YIELD

PRICE

VALUE TRADED

(%)

(KSHS)

(%)

ISSUE NO.

(%)

TWO YEAR BONDS FXD 3/2013/2YR

26-AUG-13

24-AUG-15 17,927.40

12.9390

101.1994

FXD 4/2013/2YR

24-DEC-13

21-DEC-15 25,251.00

11.5530

100.7496

FXD 1/2014/2YR

24-MAR-14

21-MAR-16 20,000.00

10.8030

100.2806

FXD 2/2014/2YR

26-MAY-14

23-MAY-16 20,130.15

10.7930

100.2106

FXD 3/2014/2YR

22-DEC-14

19-DEC-16

8,905.12

10.8900

100.1030

FXD 1/2015/2YR

23-JAN-15

20-FEB-17 23,592.55

11.4700

100.9404

FXD 1/2010/5YR

24-MAY-10

18-MAY-15 11,924.85

6.9510

98.9033

FXD 2/2010/5YR

30-NOV-10

23-NOV-15 14,973.10

6.6710

97.2455

FXD 1/2011/5YR

31-JAN-11

25-JAN-16

22,083.10

7.6360

97.0450

FXD 1/2012/5YR

28-MAY-12

22-MAY-17 31,079.55

11.8550

101.7242

FIVE YEAR BONDS

FXD 1/2013/5YR

29-APR-13

23-APR-18 20,240.75

12.8920

FXD 2/2013/5YR

1-JUL-13

25-JUN-18 26,340.05

11.3050

100.3825 101.6262

11.0124

104.1167

FXD 3/2013/5YR

25-NOV-13

19-NOV-18 14,937.80

11.9520

FXD 1/2014/ 5YR

28-APR-14

22-APR-19 25,540.95

10.8700

97.8865

FXD 2/2014/ 5YR

23-JUN-14

17-JUN-19

16,418.25

11.9340

101.3943

24-APR-06

13-APR-15

3,060.25

13.5000

102.2668

FXD 1/2006/10YR

27-MAR-06

14-MAR-16

3,451.05

14.0000

102.1563

FXD 2/2006/10YR

29-MAY-06

16-MAY-16

5,028.10

14.0000

103.9277

FXD 1/2007/10YR

29-OCT-07

16-OCT-17

9,308.80

10.7500

99.3880

FXD 1/2008/10YR

29-OCT-07

16-OCT-17

2,992.75

10.7500

95.8019

FXD 2/2008/10YR

28-JUL-08

16-JUL-18

13,504.70

10.7500

100.4667

FXD 3/2008/10YR

29-SEP-08

28-SEP-18

4,151.60

10.7500

94.9482

FXD 1/2009/10YR

27-SEP-09

15-APR-19

4,966.85

10.7500

96.1897

FXD 1/2010/10YR

26-APR-10

13-APR-20 19,394.15

8.7900

86.1135

FXD 2/2010/10YR

1-NOV-10

19-OCT-20 18,849.90

9.3070

91.4516

FXD 1/2012/10YR

25-JUN-12

13-JUN-22

16,803.75

12.7050

FXD 1/2013/10YR

1-JUL-13

19-JUN-23

12,643.05

12.3710

FXD 1/2014/10YR

27-JAN-14

15-JAN-24

30,520.25

12.1800

25-SEP-06

11-SEP-17

4,031.40

13.7500

FXD1/2006/12YR

28-AUG-06

13-AUG-18

3,900.95

14.0000

105.2139

FXD1/2007/12YR

28-MAY-07

13-MAY-19

4,864.60

13.0000

104.9016

285,800,000

NINE YEAR BONDS FXD 1/2006/9YR TEN YEAR BONDS

107.2197 12.3000 12.3500

100.1496

100,000,000

99.6933

100,000,000

ELEVEN YEAR BONDS FXD1/2006/11YR

Corporate Bonds APRIL 2ND, 2015

BONDS LISTED AT THE NAIROBI SECURITIES EXCHANGE

97.6357

TWELVE YEAR BONDS BONDS LISTED AT THE NAIROBI SECURITIES EXCHANGE ISSUE MATURITY ISSUED VALUE COUPON DATE DATE IN MILLIONS (%)

ISSUE NO. CENTUM BOND SENIOR UNSECURED FIXED RATE AND EQUITY LINKED NOTES CTNB.BD.18.09.17/13.50 26-SEP-12 18-SEP-17 CTNB.BD.18.09.17/12.75 26-SEP-12 18-SEP-17 CONSOLIDATED BANK OF KENYA LTD MEDIUM TERM NOTE PROGRAMME CON.BD-FXD(SN)/2012/7YR 30-JUL-12 24-JUL-19 CON.BD-FXD(SBN)/2012/7YR 30-JUL-12 22-JUL-19 CON.BD-FR(SN)/2012/7YR 30-JUL-12 22-JUL-19 SHELTER AFRIQUE MEDIUM TERM NOTES FXD 2/2012/3YR 17-DEC-12 14-DEC-15 FXD 1/13/05YR 30-SEP-13 24-SEP-18 FR 1/13/05YR 30-SEP-13 24-SEP-18 BARCLAYS BANK MEDIUM TERM FLOATING RATE NOTES FXD (MTN)/2008/7YR 14-JUL-08 14-JUL-15 FR (MTN)/2008/7YR 14-JUL-08 14-JUL-15 MRM FR (MRM) 2008/8YR 27-OCT-08 17-OCT-16 FXD (MRM) 2008/8YR 27-OCT-08 17-OCT-16 CFC STANBIC BANK SENIOR & SUBORDINATED BOND ISSUE FR (CFC STANBIC) 2009/7YR 7-JUL-09 7-JUL-16 FXD (CFC STANBIC) 2009/7YR 7-JUL-09 7-JUL-16 KENGEN PUBLIC INFRASTRUCTURE BOND OFFER 2019 FXIB 1/2009/10YR 2-NOV-09 31-OCT-19 SAFARICOM LTD DOMESTIC MEDIUM TERM NOTE FR2 (SAFARICOM LTD) 2009/5YR 20-DEC-10 20-DEC-15 FXD2 (SAFARICOM LTD) 2009/5YR 20-DEC-10 20-DEC-15 FXD2 (SAFARICOM LTD) 2009/5YR 20-DEC-10 20-DEC-15 HOUSING FINANCE MEDIUM TERM NOTE FXD (HFCK) 02/2012/7YR 22-OCT-12 14-OCT-19 FR (HFCK) 2010/7YR 26-OCT-10 2-OCT-17 FXD (HFCK) 2010/7YR 26-OCT-10 2-OCT-17 I&M MEDIUM TERM NOTE FXD I&M-01/13/5.25 13-DEC-13 8-MAR-19 FRN I&M-01/13/5.25 13-DEC-13 8-MAR-19 BRITAM MEDIUM TERM NOTE BRTB.BD.22/07/19-0037-13 22-JUL-14 15-JUL-19 UAP HOLDINGS MEDIUM TERM NOTE UAP.BD.22.07.2019 28-JUL-14 22-JUL-19 NIC MEDIUM TERM NOTE NIC.BD.09/09/19-0039-12.5 8-SEP-14 9-SEP-19 CIC INSURANCE GROUP LTDMEDIUM TERM NOTE CIC.BD.22.07.2019 8-OCT-14 2-OCT-19 CFC STANBIC MULTICURRENCY MEDIUM TERM NOTE CFCB.BD.08/12/21-0042-12.95 15-DEC-14 8-DEC-21 CBA FIXED MEDIUM TERM NOTE CBAB.BD.14/12/20-0041-12.75 22-DEC-14 14-DEC-20

PREVIOUS PRICE (%)

2,917.10 1,250.80

13.5000 12.7500

105.2550 99.9620

1,480.60 196.50 1.00

13.2500 13.6000

99.1677 100.0000

500.00 4,239.70 760.30

12.7500 12.7500

100.7057 100.0000

1,300 700

11.5000

99.4819 85.5534

TOTAL VALUE TRADED (KSHS)

FIFTEEN YEAR BONDS FXD1/2007/15YR

26-MAR-07

7-MAR-22

3,654.60

14.5000

109.0397

FXD2/2007/15YR

25-JUN-07

6-JUN-22

7,236.95

13.5000

108.2496

FXD3/2007/15YR

26-NOV-07

7-NOV-22

17,568.00

12.5000

99.9310

FXD1/2008/15YR

31-MAR-08

13-MAR-23

7,830.90

12.5000

100.6070

FXD1/2009/15YR

26-OCT-09

7-OCT-24

9,420.45

12.5000

102.7808

FXD1/2010/15YR

29-MAR-10

10-MAR-25 20,823.73

10.2500

87.1031

FXD2/2010/15YR

25-APR-11

8-DEC-25

13,513.10

9.0000

81.9916

FXD1/2012/15YR

24-SEP-12

6-SEP-27

21,089.45

11.0000

FXD1/2013/15YR

25-FEB-13

7-FEB-28

40,886.33

11.2500

FXD2/2013/15YR

29-APR-13

10-APR-28 17,385.85

12.0000

97.0362

112.6478

91.7296 12.6500

90.5963

621.50 1,378.50

13.0000

100.0000 100.0000

97.91 2,402.09

100.0000 100.0000

TWENTY YEAR BOND

12.5000

FXD1/2008/20YR

30-JUN-08

5-JUN-28

20,360.95

13.7500

15,625

12.5000

100.0000

FXD1/2011/20YR

30-MAY-11

5-MAY-31

9,365.80

10.0000

26-NOV-12

1-NOV-32

43,082.72

12.0000

8.0000 8.0000

93.8370 96.5610 96.5610

FXD1/2012/20YR

2,969.10 1,166.50 5,864.40

13.0000

100.0000

28-JUN-10

28-MAY-35 20,192.50

11.2500

91.8177

28-FEB-11

21-JAN-41

23,888.95

12.0000

91.0563

3,429.00 226.00

12.8000

100.0000

6,000.00

13.0000

100.0000

200.00 4,287.00 4,287.00

79.8372 13.0052

91.8214

TWENTY FIVE YEAR BOND FXD1/2010/25YR THIRTY YEAR BOND

8.5000 100

SDB 1/2011/30YR

INFRASTRUCTURE BONDS IFB 1/2009/12YR

23-FEB-09

8-FEB-21

19,726.85

12.5000

105.1593

IFB 2/2009/12YR

7-DEC-09

22-NOV-21 18,897.65

12.0000

102.4081

IFB 1/2010/8YR

1-MAR-10

19-FEB-18

15,908.05

9.7500

98.2874

IFB 2/2010/9YR

31-AUG-10

19-SEP-19

32,871.55

6.0000

88.4106

2,000.00

13.0000

99.9807

5,514.50

12.5000

100.0000

5,000.00

13.0000

100.0000

IFB 1/2011/12YR

3-OCT-11

18-SEP-23

43,447.35

12.0000

102.6057

IFB 1/2013/12YR

30-SEP-13

15-SEP-25

38,841.68

11.0000

99.6845

IFB 1/2014/12YR

27-OCT-14

12-OCT-26 35,060.55

11.0000

5,080.00

12.9500

100.0000

7,000.00

12.7500

100.0000

300,000,000

98.4647

200,000,000

Friday April 3, 2015 | BUSINESS DAILY

25

MARKET DATA Global Markets & Currencies Currencies

Europe’s Blue Chips

Kenya Shilling CURRENCY US DOLLAR STG POUND EURO SA RAND KES / USHS KES / TSHS KES / RWF KES / BIF AE DIRHAM CAN $ S FRANC JPY (100) SW KRONER NOR KRONER DAN KRONER IND RUPEE HONGKONG DOLLAR SINGAPORE DOLLAR SAUDI RIYAL CHINESE YUAN AUSTRALIAN $

BUY 92.50 137.16 99.71 7.72 32.24 19.86 7.38 16.74 25.18 73.42 95.85 77.35 10.69 11.55 13.35 1.49 11.93 67.96 24.66 14.92 70.21

SELL 92.67 137.42 99.91 7.74 32.41 20.00 7.48 16.98 25.23 73.59 96.12 77.51 10.72 11.58 13.38 1.49 11.95 68.11 24.70 14.95 70.40

MEAN 92.58 137.29 99.81 7.73 32.33 19.93 7.43 16.86 25.21 73.51 95.98 77.43 10.71 11.57 13.36 1.49 11.94 68.04 24.68 14.94 70.30

US Dollar BACKGROUND EURO JAPANESE YEN BRITISH POUND SWISS FRANC AUSTRALIAN DOLLAR CANADIAN DOLLAR SWEDISH KRONA NORWEGIAN KRONE BOSNIAN MARK DANISH KRONE RUSSIA ROUBLE TURKISH LIRA ICELAND KRONA INDIAN RUPEE POLISH ZLOTY CZECH KORUNA HUNGARIAN FORINT UKRAINE HRYVNIA ISRAEL SHEKEL ALBANIAN LEK BULGARIAN LEV SERBIAN DINAR CYPRUS POUND ESTONIAN KROON GEORGIAN LARI GIBRALTAR POUND CROATIAN KUNA KAZAKHSTAN TENGE LITHUANIA LITAS LATVIAN LATS MOLDOVAN LEU MACEDONIA DENAR MALTESE LIRA ROMANIAN LEU SLOVAK KORUNA SERBIAN DINAR ARMENIAN DRAM UAE DIRHAM ANGOLAN KWANZA BURUNDI FRANC BOTSWANA PULA CONGO FRANC CAPE VERDE ESCUDO CHINESE YUAN DIJIBOUTI FRANC ALGERIAN DINAR EGYPT POUND ETHIOPIAN BIRR GHANAIAN CEDI GAMBIAN DALASI ERITREA NAFKA GUINEA FRANC RWANDA FRANC KENYA SHILLING COMORO FRANC LIBERIAN DOLLAR LESOTHO LOTI LIBYAN DINAR MOROCCAN DIRHAM MALAGASY ARIARY MAURITANIAOUGUIYA MALAWI KWACHA MOZAMBIQUE METICAL NIGERIAN NAIRA SC RUPEE SUDANESE DINAR SUDAN POUND ST HELENA POUND SIERRALEONLEON SAO TOME DOBRA SOMALI SHILLING SWAZILAND LILAGENI THAI BAHT TUNISIAN DINAR TANZANIA SHILLING UGANDA SHILLING CFA FRANC CFA FRANC MAURITIUS RUPEE SOUTH AFRICA RAND ZIMBABWE DOLLAR

BID 1.08 119.55 1.48 0.96 0.76 1.26 8.63 7.99 1.78 6.90 56.93 2.60 135.95 62.20 3.76 25.46 276.16 23.45 3.95 129.45 1.81 59.99 0.40 11.70 2.24 1.48 7.05 185.65 2.85 0.51 17.40 56.63 3.41 4.08 21.55 110.75 470.90 3.67 107.72 1,545.00 0.10 913.00 100.38 6.20 177.00 97.15 7.63 20.34 3.81 42.60 15.00 7,000.01 685.00 92.65 457.00 84.00 11.99 1.37 9.90 3,000.00 312.00 435.00 37.75 199.00 13.10 200.02 2,025.50 1.54 4,300.00 21,964.00 706.00 11.99 32.47 1.95 1,850.00 2,999.00 608.38 608.00 36.30 12.00 378.00

ASK 1.08 119.56 1.48 0.96 0.76 1.26 8.63 7.99 1.83 6.91 56.98 2.60 136.27 62.22 3.76 25.49 276.41 23.55 3.95 130.10 1.81 60.19 0.40 11.71 2.26 1.49 7.06 185.92 2.85 0.51 17.69 57.22 3.42 4.08 21.60 111.17 473.90 3.67 108.79 1,595.00 0.10 943.00 101.88 6.20 178.00 97.47 7.63 20.54 3.86 43.60 15.50 7,500.01 696.00 92.75 458.00 85.00 12.03 1.37 9.91 3,115.00 320.00 450.00 39.00 199.10 14.05 201.02 2,035.60 1.54 4,400.00 23,325.00 713.00 12.04 32.49 1.95 1,860.00 3,009.00 612.38 615.00 36.60 12.01 381.00

FTSE 100

Based on one day performance in local currency % PERFORMANCE IN LOCAL CURRENCY COMPANY

COUNTRY

INDUSTRY

LAST

BRITISH AMERICAN TOBACCO

UNITED KINGDOM

TOBACCO

3538.5

50

LLOYDS BANKING GROUP PLC

UNITED KINGDOM

BANKS

79.39

CREDIT SUISSE GROUP AG

SWITZERLAND

BANKS

GLAXOSMITHKLINE

UNITED KINGDOM

BP PLC

CHG % CHG

1-WK

YTD

52-WK

1.43

-0.38

1.1

6.25

1.11

1.42

0.43

4.7

4.92

26.55

0.37

1.41

2.31

5.9

-8.39

PHARMACEUTICALS

1565.5

19.5

1.26

-0.25

13.8

-1.76

UNITED KINGDOM

INTEGRATED OIL&GAS

442.1

5.4

1.24

-0.34

7.6

-8.71

ROYAL DUTCH SHELL A

UNITED KINGDOM

INTEGRATED OIL&GAS

2031

23

1.15

-0.17

-5.7

-8.08

SANOFI SA

FRANCE

PHARMACEUTICALS

92.93

1

1.09

1.35

22.8

23.79

SCHNEIDER ELECTRIC SE

FRANCE

ELECTRICAL COMPONENTS&EQUIPMENT

73.11

0.76

1.05

1.36

20.6

13.42

DEUTSCHE BANK

GERMANY

BANKS

32.69

0.33

1.02

3.35

30.8

-1.07

ALLIANZ SE

GERMANY

FULL LINE INSURANCE

163.45

1.6

0.99

2

19

32.51

UBS GROUP

SWITZERLAND

BANKS

18.47

0.15

0.82

1.26

8.1

-0.81

BNP PARIBAS

FRANCE

BANKS

57.03

0.46

0.81

1.49

15.8

-0.82

HSBC HLDGS

UNITED KINGDOM

BANKS

578.6

4.6

0.8

0.02

-4.9

-5.61

BT GROUP PLC

UNITED KINGDOM

FIXED LINE TELECOMMUNICATIONS

441.4

3.4

0.78

-2.78

9.9

16.19

BASF

GERMANY

COMMODITY CHEMICALS

93.25

0.7

0.76

1.28

33.4

15.52

ENI

ITALY

INTEGRATED OIL&GAS

16.24

0.11

0.68

1.25

11.9

-10.67

ANHEUSER-BUSCH INBEV

BELGIUM

BREWERS

114.5

0.7

0.62

2.23

22

48.18

DIAGEO

UNITED KINGDOM

DISTILLERS&VINTNERS

1868.5

9

0.48

-1.4

1.1

0.92

DAIMLER

GERMANY

AUTOMOBILES

90.15

0.42

0.47

1.9

30.7

29.25

ABB

SWITZERLAND

INDUSTRIAL MACHINERY

20.72

0.09

0.44

1.42

-2

-9.99

L’AIR LIQUIDE

FRANCE

COMMODITY CHEMICALS

120.2

0.4

0.33

0.04

16.9

22.64

NOVARTIS AG

SWITZERLAND

PHARMACEUTICALS

96.45

0.3

0.31

0.26

4.4

29.9

ASTRAZENECA

UNITED KINGDOM

PHARMACEUTICALS

4640.5

14

0.3

-0.97

1.9

18.24

FINANCIERE RICHEMONT

SWITZERLAND

CLOTHING&ACCESSORIES

78.5

0.2

0.26

-1.75

-11.6

-8.13

BAYER

GERMANY

SPECIALTY CHEMICALS

140.3

0.35

0.25

0.83

24.2

43.75

SIEMENS

GERMANY

DIVERSIFIED INDUSTRIALS

100.95

0.25

0.25

0.85

7.7

2.93

TELEFONICA S.A.

SPAIN

FIXED LINE TELECOMMUNICATIONS

13.29

0.03

0.23

-1.01

11.5

16.57

TOTAL

FRANCE

INTEGRATED OIL&GAS

46.37

0.09

0.21

-0.48

9.1

-3.16

PRUDENTIAL

UNITED KINGDOM

LIFE INSURANCE

1675

3

0.18

-0.48

12.3

27.18

ING GROEP

NETHERLANDS

BANKS

13.67

0.02

0.15

2.17

26.2

29.16

RECKITT BENCKISER GRP

UNITED KINGDOM

NONDURABLE HOUSEHOLD PRODUCTS

5805

5

0.09

-0.94

11.4

18.32

BANCO SANTANDER S.A.

SPAIN

BANKS

7.02

UNCH.

0.04

2.01

1.3

3.76

UNILEVER CVA

NETHERLANDS

FOOD PRODUCTS

38.93

0.02

0.04

0.14

19.3

31.08

DEUTSCHE TELEKOM

GERMANY

MOBILE TELECOMMUNICATIONS

17.05

UNCH.

-0.03

0.12

28.6

47.77

UNILEVER

UNITED KINGDOM

FOOD PRODUCTS

2813

-2

-0.07

-1.33

7

10.18

VODAFONE GROUP

UNITED KINGDOM

MOBILE TELECOMMUNICATIONS

220.05

-0.4

-0.18

-2.07

-1.2

-0.11

SAP

GERMANY

SOFTWARE

67.4

-0.13

-0.19

1.58

15.7

14.28

BHP BILLITON

UNITED KINGDOM

GENERAL MINING

1470

-3.5

-0.24

-2.49

5.9

-21.89

ROCHE HOLDING PART. CERT.

SWITZERLAND

PHARMACEUTICALS

267.4

-0.7

-0.26

1.6

-0.9

1.29

RIO TINTO

UNITED KINGDOM

GENERAL MINING

2762

-10

-0.36

-1.69

-7.9

-18.16

Global Indices NAME

LOCATION

LAST

NET.CHNGPCT.CHNG

OPEN

HIGH

LOW

CLOSE

DJ INDU AVERAGE

NEW YORK

17,698.18

-77.94

-0.44%

17,778.52

17,778.52

17,585.01

17,776.12

FTSE EUROTOP 100

LONDON

3,180.81

-6.75

-0.21%

3,184.02

3,188.40

3,177.86

3,187.56

XETRA DAX PF/D

FRANKFURT

11,991.27

-10.11

-0.08%

11,991.62

12,015.68

11,950.70

12,001.38

CAC 40 INDEX/D

PARIS

5,065.81

3.59

0.07%

5,068.06

5,076.73

5,059.42

5,062.22

FTSE MIB/D

MILAN

23,345.71

-13.28

-0.06%

23,407.38

23,453.85

SMI PR/D

SWITZERLAND 9,140.27

3.01

0.03%

9,124.74

9,157.67

HANG SENG INDE/D

HONG KONG

25,275.64

192.89

0.77%

25,214.33

25,297.80

23,295.72 23,358.99 9,120.94

9,137.26

25,152.57 25,082.75

NIKKEI 225 INDEX

TOKYO

19,312.79

277.95

1.46%

19,141.93

19,433.89

ALL ORDINARIES

AUSTRALIA

5,869.74

36.83

0.63%

5,832.90

5,877.80

5,832.90

5,832.92

STRAITS TIMES/D

SINGAPORE

3,453.75

6.73

0.20%

3,446.60

3,454.80

3,444.80

3,447.02

SSE COMPOSITE/D

SHANGHAI

3,826.69

16.39

0.43%

3,827.69

3,835.45

3,775.89

3,810.29

S&P SENSEX/D

MUMBAI

28,260.14

302.65

1.08%

27,954.86

28,298.34

27,889.02

27,957.49

19,115.14 19,034.84

NAME ANGLO AMERICAN/D ASSOC.BR.FOODS/D ADMIRAL GROUP/D ABDN.ASSET.MAN/D AGGREKO/D ANTOFAGASTA/D ARM HOLDINGS/D ASHMORE/D AVIVA PLC/D ASTRAZENECA/D BAE SYSTEMS/D BARCLAYS/D BRIT AM TOBACC/D BG GROUP/D BR LAND CO/D BHP BILLITON/D BUNZL/D BP/D BURBERRY GRP/D BT GROUP/D CARNIVAL/D CENTRICA/D COMPASS GROUP/D CAPITA PLC/D CRODA INTL/D CRH/D DIAGEO/D MAN GROUP/D EVRAZ PLC/D EXPERIAN/D FRESNILLO/D G4S/D GKN/D GLENCORE/D GLAXOSMITHKLIN/D HAMMERSON/D HARGREAVES LS/D HSBC HOLDINGS/D ICAP PLC/D IAG/D INTERCONT HOTE/D IMI PLC/D IMPERIAL TOBAC/D INTERTEK GROUP/D ITV/D JOHNSON MATTHE/D KAZ MINERALS/D KINGFISHER/D LAND SECS GROU/D LEGAL & GENERA/D LLOYDS BNK GRP/D MEGGITT PLC/D MARKS & SP./D MORRISON SUPMK/D NATIONAL GRID/D NEXT/D OLD MUTUAL/D PETROFAC/D POLYMETAL INT/D PRUDENTIAL/D PEARSON/D RECKIT BNCSR G/D ROYAL BANK SCO/D ROYAL DTCH SHL/D REED ELSEVIER/D ROYAL DTCH SHL/D REXAM/D RIO TINTO/D ROLLS ROYCE PL/D RANDGOLD RES./D RSA INSRANCE G/D SABMILLER/D SAINSBURY(J)/D SCHRODERS/D SCHRODERS NV/D SAGE GROUP/D SHIRE/D STANDARD LIFE/D SMITHS GROUP/D SMITH&NEPHEW/D SERCO GROUP/D SSE PLC/D STANDRD CHART /D SEVERN TRENT/D TATE & LYLE/D TULLOW OIL/D TESCO/D UNILEVER/D UNITED UTIL GR/D VEDANTA RES/D VODAFONE GROUP/D WEIR GROUP/D WOLSELEY/D WPP PLC/D WHITBREAD/D KENYA AIRWAYS/D

LAST 998.20 2838.00 1551.00 465.20 1555.50 721.00 1104.00 287.30 550.30 4647.50 524.54 252.93 3538.50 855.10 837.25 1435.29 1847.00 441.85 1730.00 440.33 3275.00 253.10 1178.00 1114.25 2786.00 1732.49 1870.00 206.80 196.00 1117.50 697.00 297.90 359.10 278.90 1568.00 666.00 1148.50 579.82 537.00 596.00 2614.00 1272.64 3107.00 2523.00 250.25 3389.00 209.80 361.25 1252.50 280.00 78.74 549.50 560.10 195.90 876.60 7016.00 226.00 958.00 577.50 1674.00 1430.00 5804.00 347.80 2037.50 1157.00 2137.13 576.00 2747.38 946.50 4836.00 425.40 3578.50 260.40 3214.00 2438.60 468.80 5261.71 480.50 1119.00 1138.00 143.50 1499.32 1080.00 2081.25 622.50 283.97 242.50 2825.00 933.50 485.10 220.00 1712.00 3996.00 1524.20 5216.25 8.00

CLOSE 1016.50 2816.00 1540.00 464.00 1551.00 733.50 1095.00 287.70 549.00 4640.50 524.00 249.30 3538.50 851.40 837.50 1470.00 1840.00 442.10 1731.00 441.40 3258.00 254.80 1172.00 1115.00 2757.00 1745.00 1868.50 204.00 197.50 1121.00 700.00 297.30 358.80 284.10 1565.50 668.00 1162.00 578.60 528.50 600.00 2642.00 1268.00 3045.00 2513.00 251.90 3387.00 213.70 368.00 1255.00 280.50 79.39 548.50 530.50 195.10 878.50 7000.00 225.20 963.00 577.00 1675.00 1443.00 5805.00 345.40 2031.00 1152.00 2132.00 581.00 2762.00 950.00 4801.00 426.60 3570.00 258.10 3208.00 2449.00 468.80 5260.00 477.50 1117.00 1132.00 144.60 1503.00 1082.00 2084.00 608.00 283.90 243.25 2813.00 939.50 495.80 220.05 1695.00 3991.00 1513.00 5225.00 8.10

NET.CHNG -18.30 22.00 11.00 1.20 5.00 -12.50 9.00 -0.40 1.50 6.50 1.00 3.65 0.00 3.70 0.00 -34.50 7.00 -0.25 -1.00 -1.10 17.00 -1.70 6.00 -1.00 29.00 -1.00 1.50 2.80 -1.50 -4.00 -3.00 0.60 0.30 -5.20 2.50 -2.00 -13.00 1.10 8.50 -4.00 -28.00 4.00 62.00 10.00 -1.60 2.00 -3.90 -6.70 -3.00 -0.50 -0.65 1.00 29.50 0.80 -2.00 20.00 0.80 -5.00 0.50 -1.00 -13.00 -1.00 2.40 6.50 5.00 5.00 -5.00 -15.00 -3.50 35.00 -1.20 8.50 2.40 6.00 -7.00 0.00 5.00 2.90 2.00 5.00 -1.10 -3.00 -2.00 -3.00 14.50 -0.20 -0.75 12.00 -6.00 -10.70 -0.05 17.00 5.00 12.00 -5.00 -0.10

PCT.CHNG -1.80% 0.78% 0.71% 0.26% 0.32% -1.70% 0.82% -0.14% 0.27% 0.14% 0.19% 1.46% 0.00% 0.43% 0.00% -2.35% 0.38% -0.06% -0.06% -0.25% 0.52% -0.67% 0.51% -0.09% 1.05% -0.06% 0.08% 1.37% -0.76% -0.36% -0.43% 0.20% 0.08% -1.83% 0.16% -0.30% -1.12% 0.19% 1.61% -0.67% -1.06% 0.32% 2.04% 0.40% -0.64% 0.06% -1.82% -1.82% -0.24% -0.18% -0.82% 0.18% 5.56% 0.41% -0.23% 0.29% 0.36% -0.52% 0.09% -0.06% -0.90% -0.02% 0.69% 0.32% 0.43% 0.23% -0.86% -0.54% -0.37% 0.73% -0.28% 0.24% 0.93% 0.19% -0.29% 0.00% 0.10% 0.61% 0.18% 0.44% -0.76% -0.20% -0.18% -0.14% 2.38% -0.07% -0.31% 0.43% -0.64% -2.16% -0.02% 1.00% 0.13% 0.79% -0.10% -1.23%

26

BUSINESS DAILY | Friday April 3, 2015

The

OBITUARY Cu≥tain falls on HIV ≥esea≥che≥ Page 29

MOTORING KCB ≥ally sta≥ts this mo≥ning Page 31

Featu≥es | Viewpoints | P≥ofiles | Analysis

In the Headlines

Delive≥y tu≥ns sou≥ fo≥ Mu≥ang’a milk Gove≥no≥ INVESTIGATIONS Murang’a chief picked up from his office for

questioning over statements he made to IEBC during last polls

BY JOHN KAMAU

R

was the managing director of New KCC, it was not the first time that he had defied orders to appear for scrutiny. (Mwangi wa Iria means “Mwangi of Milk”) Last year, wa Iria was forced to appear before the Senate’s Public Accounts and Investments Committee and to apologise after ignoring several summonses to clarify on queries relating to the 2013 expenditure. He was among the four governors who had infuriated Senators by vowing not to appear for questioning.

iding at the back of a Land Rover for questioning at the ethics and anticorruption headquarters at Integrity Centre was perhaps the lowest for Murang’a Governor, Mwangi wa Iria.

So low was the moment— the one-way 75-kilometre journey from Murang’a town— that he was heard lamenting that the officers had put him “in a Land Rover for the whole world to see.”

For him, it was about public humiliation.

The four officers of the Ethics and AntiCorruption Commission (EACC) — sporting blue lanyards around their necks — had arrived at the governor’s office without appointment. They were smartly dressed, according to the governor.

“You have visitors,” his secretary told the Moi University BEd graduate — and they were asked to wait.

Shortly after, they were beckoned in to see the governor and they told him with the usual precision: “You are under arrest.”

A history had been made.

Mwangi, who was sandwiched between two sleuths at the back seat, had become the first governor to be arrested by officers of EACC and was to be driven to Nairobi to record a statement about what he said to the Independent Electoral and Boundaries Commission (IEBC) when seeking to be cleared to run for his current position. The governor had apparently not revealed that he had faced a criminal case for allegedly issuing a bouncing cheque.

For a man who changed his name from Francis Mwangi and opted for a nickname he had been given by Mwangi wa Iria. ILLUSTRATION BY STANSLAUS MANTHI dairy farmers when he

The governor agreed to meet the Senators only four hours after they wrote to the Treasury asking that funds to Muranga’ County be blocked. They wanted evidence from the governor that he paid Sh22 million as salaries, allowances and statutory deductions during the transition period from local authorities to county governments. And they warned him: “Don’t come here as the accounting officer as well as the auditor.” Other governors who had been blacklisted were Kisumu’s Jack Ranguma, Kiambu’s William Kabogo and Bomet’s Isaac Ruto.

This time around, wa Iria had defied previous attempts by EACC that frog-marched him to Integrity Centre. (He was released on bond and booked to return to EACC next Friday.)

While Mr Mwangi is not among the 13 governors who are under pressure to step aside after President Kenyatta presented a list of individuals facing investigations over graft, his arrest was an indicator that governor’s were not above the law and it sent shivers down the spines of county government officials.

Born in the coffee-growing Kiboi village of Murang’a’s Kiharu Constituency, the bespectacled governor is well known for his passion for dairy industry, which was the hallmark of his campaign. There is a reason for that.

The collapse of the coffee sector left many destitute families in his village which is adjacent to Muriranja’s Sub-District Hospital.

Here, the rural folk, for lack of an alternative, turned to zero grazing. The dairy industry became their solace and wa Iria, at least when he was at New KCC, gave them a lifeline. That the bouncing cheque in question was for payment of animal feeds is a pointer of his personal involvement in the sector.

Mr Mwangi is getting used to controversy. Although he has been voted as one of the best performing governors, his critics claim that the former Kenya Breweries Limited employee has an ego problem.

The governor first came to national limelight in 2009 after then Mathira MP, Ephraim Maina, told Parliament that the then Minister for Co-operative Development and Marketing, Joseph Nyaga, had declined to renew the New KCC MD’s contract.

There was fear that the milk processor, which had been revived under Mr Mwangi’s watch, could falter. New KCC, despite its revival, had faced various structural challenges and Parliament was told that the government had no problem with the former Weithaga Boys High School student but he had failed to state whether he wanted a renewal of contract.

Said Nyaga: “I have no problem with

MWANGI WA IRIA Francis Mwangi, who is known to his Murang’a people and across the nation as wa Iria came to limelight when his contract as New KCC MD was not renewed in 2009.

His passion for the dairy industry endeared him to his people and was the signature of his campaigns when he sought to become the first governor.

The BEd graduate of Moi University, however, made history as the first governor to be questioned by the Integrity Centre people.

His arrest is expected to send a strong warning to his colleagues, some under pressure to quit over an EACC List of Graft, but have stood their ground, saying they won’t quit.

Mr Mwangi as an individual…he should have notified us if he wanted to renew his contract by June 1, 2009. He did not do so.

On August 29, 2009, I personally raised the issue with the chairman (Matu Wamae). It took up to October 13, 2009, for the chairman to receive the request…In between… there were both committee meetings and even full board meetings where the subject was not raised in spite of my having raised it. This delay became a matter of concern to me because anybody interested in renewal of his contract would normally move faster to make his or her intentions clear.”

Parliament was told that Mr Mwangi’s letter of application dated August 4, 2009 was “backdated” and when it was forwarded to the full board on November 3, 2009 “the board was far from being satisfied with the overall performance of Mr Mwangi.”

Mr Nyaga told Parliament that the “relationship between the MD and most of the board members, and several senior staff members is not good.

“Reports on mismanagement that I could not ignore reached me. These include misuse: False mileage claims by the MD even when he was on leave; massive misuse of company vehicles; authorisation of payments for substandard contracts amounting to about Sh30 million, in respect of Dandora Plant Fencing.”

That is how he lost his place at New KCC. Luckily, Mr Mwangi was never accused of any irregularities and went on to vie for the Murang’a governorship, beating other contestants on account of his performance at New KCC. He changed his name to Mwangi wa Iria for that was how residents knew him.

His arrest this week, was a new low for a milk man. jkamau@ke.nationmedia.com

Friday April 3, 2015 | BUSINESS DAILY

Featu≥es | Viewpoints | P≥ofiles | Analysis

27

THE WEEKENDER

Man About Town

Thank God! It’s one baby, not any twins PREGNANCY

Gynaecologist gives me relief by confirming we are expecting a daughter, it is breathing well and kicking

I

am troubled about my shop. For starters, I have invested quite a tonne of money and I have also become quite used to the additional income that I get monthly. These are the days when I wish my job had less pressure like in those good old days.

I posed my dilemma to Shiro and was taken aback by her response, saying she has “never really liked that shop” because its location “is quite unsafe and I always fear that something bad will happen to you.”

I could not understand her logic so I took her through the business plan which showed that the foot traffic, the economic status of the residents were a gold mine. At the end of it, she was visibly impressed, telling me “we need to find someone but not a relative. We should visit a

bureau and see who we can get.”

This idea made sense and so I said “we could go tomorrow since I am still on leave.”

Shiro ruled that day out, saying that was when she would be seeing the gynae. She asked whether I would accompany her. I paused because I am yet to recover from the last time the doctor said we might be expecting twins.

From the corner of my eyes, I could see that Shiro was getting upset and I was not about to get into a fight. “We can go ...happy to join you,” I volunteered. She skipped to my side and gave me a huge kiss and said, “Love you!

You are the best!”

The next morning we travelled to the city centre together after dropping Maingi to play school.

I am not used to travelling with Shiro except on Sundays to church and she had a few things to say, especially about the radio station I was listening to. I like listening to the vernacular station because I find it funny and it allows me to find out what is happening back home.

Shiro said: “Babes, you cannot be listening to such radio stations, they are soo backward!” She reached for the dial and changed to a gospel radio station. I was in no mood to fight and so I

Quotable quotes

To claim that I own a chopper is a bad lie to the public. I can possibly not own a chopper, perhaps, one day I will own one or even a Dreamliner. They have further claimed that I own 33 petrol stations.

I have never sold even paraffin in my life.

BOMET GOVERNOR ISAAC RUTO, DISMISSING CORRUPTION ALLEGATIONS LEVELLED AGAINST HIM

put up with the change plus with her singing, which is not the best.

An hour later we were at the doctor’s to hear about the development of the foetus in the fifth month. I realised many men shared my predicament because there were five in the waiting room.

To pass time, two of them were discussing football and I was dying to join in but figured this might annoy my wife.

Within no time, we were in the doctor’s office and he was giving a full biology lecture on pregnancy and babies. All this information was not sinking in for all I kept thinking about were two children. Shiro was enjoying the conversation; I guess it is a woman thing.

Finally, the doctor said: “Let us look at the uterus.” I was holding my breath as I

I am used to my name being soiled for political reasons. I have been accused of being a land grabber, a drug dealer and of having a fake degree.

Nobody will intimidate me. MOMBASA GOVERNOR HASSAN JOHO, CHOOSING NOT TO STEP ASIDE OVER GRAFT CLAIMS

stared at the screen which looked quite blurry to me. Shiro was excited and said, “Can you see the heart beating?” I kept squinting and feigning enthusiasm but not for long because within a few seconds I noticed a heartbeat pounding and then what seemed to be like a leg kicking.

Before I could even think, I could hear my excited voice saying, “I see the baby.” In my excitement I forgot to ask about the number. I need not have worried for the doctor said, “Yes, there is your daughter... seems I had double vis ion last time.” I gave Shiro a big kiss because I was delighted that it was one baby.

We then left and proceeded to search for a shop attendant. Today was proving to be a good day.

28

BUSINESS DAILY | Friday April 3, 2015

Featu≥es | Reviews | P≥ofiles | Analysis

THE WEEKENDER

Theatre

Tales of new tastes: Raw emotions ma≥k ≥ocky ma≥≥iage and love of a≥t TIES THAT BIND Woman sticks to union thanks to

children and bills as passion for art hurts friendship

BY MARGARETTA WA GACHERU

Two plays staged last weekend, one at Phoenix Players, the other at Alliance Francaise, had surprising similarities and important differences.

Both For Better or Worse and Art had eloquent, well-written and well-rehearsed scripts performed by some of Nairobi’s finest actors, including Joe Kinyua and Veronica Waceke at Phoenix and Gakunju Kaigwa, Renaud Gautier (who also directed) and Anthony Cabral at Alliance.

Both shows were intimate examinations of long-standing relationships: Frank (Kinyua) and Norma (Waceke) Juma having been married for more than 15 years, Mark (Kaigwa), Serge (Cabral) and Yvon (Gautier) also having been buddies for at least that long. In both cases those relationships have unravelled over time, leaving a raw residue of jagged unresolved emotions that spill forth in our presence, constituting the crux of both plays.

So both shows are replete with tensions brought on to a large extent because one of the two (or three) wants to retain the status quo, doesn’t want to see relationships change from the way they once were. But as those changes are already underway, the conservative one is not just bitter about the turn of events; he or she is basically battling against the forces of change over which they seem to have no control.

In the case of For Better or Worse, it’s Norma who’s the conservative in a marriage that had clearly fallen apart some time back. She’s aware that Juma has mistresses. She also knows he wants to get out of their marriage, but she’s a fighter and won’t hear of legal separation, leave alone divorce, both of which Juma suggests.

But as the play unfolds over nine years (according to its director Jacob Otieno, speaking to KU students on opening night), the inevitability of change ensues, making life for the two all the more uncomfortable.

Norma has her reasons for her obstinacy.

There are two children involved, bills to be paid,

and the stigma of divorce and what people will say. But the harder she fights to keep their marriage intact, the more insistent Juma is to get out.

It’s a situation that can only be described as ugly. But as raw, irrational and painfully unrelenting as their sore emotions may be at the outset of the play, the pain only gets worse as the drama proceeds and years go by. In the end, emotions are never resolved.

Juma escapes, but ultimately it looks like they’ll both be haunted by their unhappy marriage for the rest of their lives.

On the surface of things, one might not see any correlation between Art, the remarkable play originally written in French by Yasmina Reza (who happens to be married to former James Bond actor, Sean Connery), and For Better or Worse, especially as Art addresses issues of aesthetics and artistic opinion, ideas that long-time friends Mark and Serge have very different opinions about.

But in this brilliant multi-layered play which is suffused with subtle symbolism Joe Kinyu and and nuanced conversations that, at times Veronica Waceke at get nearly as nasty as they do between Juma Phoenix in For Better and Norma, what we discover towards the or Worse. end of the show is that deliberate differencPHOTOS: MARGARETTA WA es of artistic opinions are not merely ‘acaGACHERU demic’ or ‘objective’. It wasn’t simply about Serge (Cabral) being more appreciative of contemporary art and Mark (Kaigwa) being more philistine. Nor was it about the criteria that an art lover might employ when appraising a work of art, although on the

Joe Kinyu and Veronica Waceke in another scene of the play.

Gakunju Kaigwa and Renaud in Art at Alliance Francaise. MARGARETTA WA GACHERU surface Mark criticises his friend for buying an over-valued piece of canvas which he says is garbage. He seems to feel Serge has been taken for a ride, and shares his misgiving with their mutual friend Yvon (Gautier) who plays the neutral party of the three, until his own life goes haywire.

What’s underlying the heated debates that enflame emotions in Art isn’t merely an extravagant acquisition by Serge. It’s the fact that he’s changing, cultivating new tastes and developing new friendships that exclude Mark.

So in effect, it’s Mark who’s the ‘conservative’ wanting to retain the ‘status quo’, the relationship he once had with Serge who is obviously making choices (like spending 200,000 francs) outside their friendship.

Art would seem to be a play about aesthetic values and the difference of people’s subjective opinions. In fact, it raises many timely topics since Kenyans are increasingly taking interest in the visual arts, including purchase and investment potential.

But the genius of Reza’s script is that she reveals the role that subjectivity plays not only in the way people appraise the arts but also in the way personal feelings can influence people’s opinions and interactions both consciously and unconsciously. margarettag@hotmail.com

Sh13bn fo≥ a Picasso oil is the highest p≥ice eve≥ at auction Records look set to tumble at the big spring art auctions with Christie’s’ announcement on Wednesday of a Picasso oil poised to set the mark for the most expensive work of art in auction history.

“Les femmes d’Alger (Version “O”),” a vibrant cubist work last auctioned in 1997 when it nearly tripled the expected price, is estimated to fetch about $140 million (Sh12.7 billion), by far the highest price ever for a work of art on

the auction block. Pre-sale estimates do not include the standard commission of just over 12 per cent, making for a final price in excess of $155 million if Christie’s has accurately assessed the work’s appeal to a global, deep-pocketed market hungry for a dwindling supply of trophy works.

The most expensive work ever sold at auction, Francis Bacon’s triptych Three Studies of Lucian Freud, sold for $142.4 million (Sh13.1 billion) includ-

ing commission in November 2013, although several works have sold for more on the private market.

“It has become clear that the many new global collectors chasing masterpieces have been waiting for an iconic Picasso to appear on the market,” said Jussi Pylkkanen, Christie’s global president. “None is more iconic than ‘Les femmes d’Alger.’”

Brooke Lampley, head of Impressionist and Modern art at Christie’s

New York, spoke to what she called the work’s remarkable power.

“This is Picasso the maverick astonishing us with his skills while paying tribute to the great masters who came before him,” including Ingres, Delacroix, and his great rival Matisse.

“It’s the perfect painting to headline a new sale dedicated to artistic innovation and inspiration,” she added, referring to Christie’s’ May 11 sale, Looking Forward to the Past, which

augments its semi-annual auctions of Impressionist/modern and contemporary art.

Picasso painted a series of 15 variations on Delacroix’s “Les femmes d’Alger” between December 1954 and February 1955, designating his versions A through O, and conceived as an elegy to his friend and great rival Henri Matisse, who died weeks before Picasso began his series.

-REUTERS

Friday April 3, 2015 | BUSINESS DAILY

Featu≥es | Viewpoints | P≥ofiles | Analysis

29

THE WEEKENDER

Obitua≥y

Cu≥tain falls on HIV ≥esea≥che≥ and advocate LEGACY Prof Elizabeth Ngugi, a former nurse who got global

recognition, died last week and she will be buried on April 7

BY SARAH OOKO

At the University of Nairobi’s Faculty of Medicine building, students and employees gather around a table at the far end of its second floor corridor. They are in mourning.

“I will miss her... I was eagerly awaiting her class last week but she didn’t show up... Why did she have to leave so soon without a proper goodbye?” one student asked, standing next to the portrait of Elizabeth Ngugi, a woman they say has gone too soon.

Her condolence book, sitting on the table between brightly burning candles perhaps offering them some sort of closeness and an opportunity to ‘talk’ to her one last time.

Soon, the candles will be extinguished.

Prof Ngugi, an astute HIV researcher and advocate, will be gone forever, but her candles will still be alight in the hearts of many Kenyans whose lives she touched through her work.

Prof, as she was fondly referred to at the University of Nairobi, will be remembered for many things, but mainly for her immense contribution to the fight against HIV/Aids, a cause she was committed to and passionate about.

As a trained nurse in the 1980s, Prof Ngugi had witnessed, first-hand, the ravaging health effects of HIV (then considered a mysterious disease) on Kenyans who sought medical assistance in public facilities she worked in.

Upon joining the University of Nairobi (UoN) as a lecturer in 1986, she hit the ground running, targeting adult and children commercial sex workers in Kenya’s informal settlements who she believed were the most vulnerable to the disease.

But they did not have access to HIV prevention information and services as they had been shunned by the community.

As the director of the Strengthening STI/

Prof Elizabeth Ngugi (top and above). FILE HIV/Aids — a long standing UON partnership with the Canadian University of Manitoba — project between 1991 to 2006, she would visit slums in Nairobi, creating awareness on HIV and promoting condom use as preventive measures.

“And it was not an easy task especially since the women got more money from unprotected sex. But Prof never gave up,” Dr Dismas Ongore, the director of the UoN School of Public Health said.

Moral judgment Former colleagues describe Prof Ngugi as a woman who believed in the innate goodness of all human beings, irrespective of what they did in life.

This ideology must have given her the desire and commitment to always aim at making people’s lives better without passing moral judgment.

So, even as she preached condom use to these vulnerable populations (or key populations, among the HIV advocates), Prof also inspired and empowered the women to adopt alternative livelihoods that eventually

improved their livelihoods while keeping at bay deadly diseases. Many ended up abandoning the commercial sex work.

“Above all, she fought for the dignity and human rights of these women to ensure that they could access HIV-related services and enjoy a good life just as other Kenyans,” said Dr Ongore.

Her persistence finally bore fruit, contributing to the reduction of HIV transmission in the informal settlements, where she worked.

This project is well recognised as an international best practice. Indeed, its communitybased approach to HIV prevention has since been replicated in many countries affected by the epidemic.

Long before many developing nations began paying attention to the role of vulnerable groups such as commercial sex workers in HIV prevention, Prof Ngugi was already conducting research and publishing on the subject in top journals globally.

Between the 1970s and the time of her death, Prof Ngugi authored about 60 studies published in various journals and magazines.

Her advocacy internationally and locally, contributed to the special status now given to vulnerable groups in Kenya’s HIV prevention road map.

The list has since grown to encompass male and female sex workers, men who have sex with men, and people who inject drugs.

They are referred to as key populations in the fight against HIV in Kenya because are key to the prevention efforts.

Indeed, statistics from the most current 2012 Kenya Aids Indicator Survey (KAIS) show that of the 90,000 new HIV infections registered annually, 30,000 are from these ‘key populations’ yet they only make up two per cent of the country’s general population.

It has, therefore, dawned on Kenya’s health sector that these vulnerable populations can no longer be ignored or stigmatised. Reducing transmission rates among them is paramount to the reduction of HIV prevalence.

Through the UoN Centre of HIV Prevention and Research (CHIVPR), which she established in 2006, Prof Ngugi had, until her death, last week, been leading the implementation of a major project in the National Aids and STI Programme (NASCOP) started in 2010 to increasing access to HIV treatment and prevention for key populations in Eastern and Central Kenya.

The project has established 10 drop-in centres for the vulnerable, with a majority of them being integrated in public health facilities to guarantee their sustainability.

At the drop-in centres, these groups are counselled, provided with condoms, tested for cervical cancer, screened for any sexually transmitted diseases and treated.

Apart from HIV management services, the centres also offer vocational training and alternative economic empowerment plans to these key populations.

Through her leadership, the project es-

tablished a strong grassroots network of community health volunteers that reach out to these key populations and refer them to the drop-in centres.

She took the place of a mother to young girls below 18 years, who, due to poverty and other social challenges, were trapped in commercial sex work.

“She was their role model, fighting to liberate them so that they could get education and begin dreaming of a brighter future,” said some of her staff members when the Business Daily visited CHIVPR offices at the university’s Faculty of Medicine at Kenyatta National Hospital (KNH).

They remember her as a “great leader, mentor and disciplinarian” who listened to everyone and practised an open-door policy.

“Prof will be hard to replace in the project but it’s now upon us to honour her legacy by reaching out to these key populations,” they said.

It is through Prof Ngugi’s work with commercial sex workers in Nairobi slums that she came across the ‘Majengo prostitutes’, who despite engaging in unprotected sex with multiple partners seemed to be immune to HIV. This revelation fuelled the search for a HIV vaccine leading to the launch of the Kenya Aids Vaccine Initiative (KAVI) Institute at UoN, which has been conducting vaccine trials.

Global recognition Prof Ngugi was also instrumental in the development of a policy and curriculum for the HIV/Aids Common Course offered to all undergraduate students at the university.

In 2006, she was appointed Associate Professor of Community Health Sciences in the School of Medicine at the University of Manitoba while still serving as the director for CHIPVR. She received global recognition in the fight against HIV. In 2004, she received the United Nations Kenya Person of the Year Award as well as the Order of the Golden Warrior Presidential Award in the same year.

Midwifery syllabus In 1999, she was a finalist considered for inclusion in the ‘2000 Outstanding Intellectuals of the Twentieth Century’ by the International Biographic Centre at Cambridge in England.

She will also be remembered as the first Kenyan nurse to attain professorship.

She began her nursing career in 1960 as the Sister in Charge of paediatric health at KNH and rose to the position of deputy chief nursing officer at the Ministry of Health by 1979 before joining UoN as a lecturer in 1986.

Prof Ngugi also served as the vice chair of the Nursing Council of Kenya between 1978 and 1986 where she spearheaded the development of a syllabus for mid wives and community health nurses in Kenya.

Prof will be buried on April 7. sooko@ke.nationmedia.com

30

BUSINESS DAILY | Friday April 3, 2015

Featu≥es | Viewpoints | P≥ofiles | Analysis

THE WEEKENDER

Book Review

NEW IN BOLIVIA

My st≥ong love fo≥ sho≥t sto≥ies

BY MWIKALI LATI

Ndiritu Wahome’s first book, The Sad Artist and Other Fairy Tales, was a collection of short stories. The latest, The Girl with the Flawless Face, is another one. But he is now working on a novel, which should be released next year. He talks about his love for short stories.

A worker paints a column of a building built in neo-Andean baroque architecture known as Cholet style (combination of the words cholo and chalet) in El Alto, Bolivia. The constructions or mansions — an icon of the Aymara indigenous opulence — are typically built in six or seven floors with shopping centres, football or volleyball indoor astroturf pitches and enormous dance floors distriubuted in the lower floors and in most cases the residence of the owner on the top floors. AFP

Bestsellers HARDCOVER FICTION 1. “The Girl on the Train” by Paula Hawkins (Riverhead) 2. “NYPD Red 3” by James Patterson and Marshal Karp (Little, Brown) 3. “All the Light We Cannot See” by Anthony Doerr (Scribner) 4. “Last One Home” by Debbie Macomber (Ballantine)

12. “Private Vegas” by James Patterson and Maxine Paetro (Little, Brown)

5. “The Life-Changing Magic of Tidying up”

by Marie Kondo (Ten Speed)

13. “The Fifth Gospel” by Ian Caldwell (Simon & Schuster)

7. “Being Mortal” by Atul Gawande (Metropolitan)

14. “Leaving Berlin” by Joseph Kanon (Atria) 15. “World Gone By” by Dennis Lehane (Morrow)

5. “Prodigal Son” by Danielle Steel (Delacorte)

HARDCOVER NONFICTION

6. “The Assassin” by Cussler/Scott (Putnam)

1. “Dead Wake” by Erik Larson (Crown)

7. “A Dangerous Place” by Jacqueline Winspear (Harper)

2. “Pioneer Girl: The Annotated Autobiography”

by Laura Ingalls Wilder (South Dakota State Historical Society Press)

8. “A Spool of Blue Thread” by Anne Tyler (Knopf) 9. “The Buried Giant” by Kazuo Ishiguro (Knopf)

3. “The Hormone Reset Diet” 10. “The Nightingale” by Kristin Hannah (St. by Sara Gottfried (HarperOne) 4. “Get What’s Yours” by Laurence Kotlikoff, Martin’s Press) Philip Moeller and Paul Solman (Simon & 11. “Endangered” by C.J.Box (Putnam) Schuster)

6. “Better Than Before” by Gretchen Rubin (Crown)

Your first book ‘The Sad Artist and Other Fairy Tales’ was a collection of short stories. The second one, too. Why do you love short stories?

The ability to tell diverse stories from different viewpoints, settings, and plots while weaving a common thread through almost similar themes really fascinates me.

Unlike a novel, short stories allow one to explore diverse stylistic devices including narration, use of metaphors, allusion, and intriguing plots.

What is the state of short fiction these days?

It is often said that the short story is dead; that it has been dead in Africa and in most parts of the world.

I would not come to such a conclusion because there are several notable and accomplished short story writers from Africa, old and new from: Ken Saro Wiwa, Temo Buliro, and Alexander Nderitu, to mention a few.

Which short story authors should one read, if they want to be good at writing, and why?

It is imperative to read different types of literature, including philosophy and psychology, and not necessarily limit yourself to one genre.

There is an art in creating short stories — it requires a keen understanding of characterisation, ability to assess themes, and develop a strong, focused narrative with a fascinating plot.

Which author has influenced you the most?

Many authors have influenced me deeply. However, Guy De Maupassant and Oscar Wilde are two of my favourite writer. Guy De Maupassant was an extremely popular French writer: the father of modern short stories.

You stuck to your preferred genre, magic realism. Why? Magical realism not only allows me to imagine, but also takes the reader out of the norm into a realm of complete fantasy, imagination, and exploration. I am looking at carving a niche in magical realism.

What are the interesting questions readers are asking?

My readers always wonder how I come up with fantastical settings and plots. They ask quite witty questions like: Why are non-humane characters portrayed in human terms?

8. “The 20/20 Diet” by Phil McGraw (Bird Street Books) 9. “Killing Patton” by Bill O’Reilly and Martin Dugard (Henry Holt and Co.) 10. “H is for Hawk” by Helen Macdonald (Grove) 11. “Every Day I Fight” by Stuart Scott (Penguin/Blue Rider) 12. “Asapscience” by Mitchell Moffit and Greg Brown (Scribner) 13. “Final Fantasy Type-0 HD: Official Guide” by Prima Games (Prima Games) 14. “Money: Master the Game” by Tony Robbins (Simon & Schuster) 15. “Yes Please” by Amy Poehler (Dey Street Books)

Ndiritu Wahome, the author of new short stories collection, The Girl with the Flawless Face. MWIKALI LATI

Friday April 3, 2015 | BUSINESS DAILY

MOTOR SPORT

THE WEEKENDER

RALLY

Final showdown heads to Meru on Sunday

Fi≥st KCB ≥ally d≥ive≥ ≥olls off the ≥amp at 9am

BY KOOME KAZUNGU

T

he KCB Rally will be flagged off today at KICC with the first driver rolling off the ramp at 9am. Drivers will then tackle the first 69.5km before heading to the stage of 39.55km at the Lisa Ranch in Machakos. From here, they will drive to Naromoru, Loldaiga and the final showdown in Meru on Sunday.

The final day will be a test of nerves covering 10 stages, making two repeats at the ASK showground, a run of Loldaiga, Kisima and Kibirichia before heading to

Meru Forest. The 900km stretch will be adventurous, testing the endurance limits of the drivers.

The endeavour will be characterised by muddy terrains and rough roads, requiring the best-of-the-best navigators.

The Nanyuki stage is tricky with the forest stretch in Meru cited as one of the major hurdles for drivers.

Reports show that warthogs have dug potholes on the Konza route, requiring drivers to be alert and careful.

The navigators will have to keep proper

pace notes, describe the turns and obstacles ahead in the conservancy stretch. But aerodynamics and downforce factors will determine who takes the bragging rights in the event.

0 Cermonial Start KICC 9.00 Service A IN SERVICE A (KONZA) 10.00 CS1 Lisa Ranch Start 1 10.23 CE1 Lisa Ranch End 1 CS2 Machakos People’s Park Start 11.31 CES Machakos People’s Park End CS3 Lisa Ranch Start 2 CE3 Lisa Ranch End 2 KICC Parc Ferme IN

Day 2 Saturday 4th April 2015 KICC Parc Ferme OUT 5.30 CS4 Langetia Start 8.33 CE4 CS5 Loldaiga Start 1 9.56

Car No. 1 Baldev Chager/Ravi Soni -KEN/KEN (Mitsubishi Evolution 10) Car No. 7 .Quentin Mitchell /Tom Woodburn-KEN /UK (Skoda Fabia S2000) Car No. 6. Manvir Baryan/Drew Sturrock -KEN /UK (Ford Fiesta R5) Car No. 5. Jaspreet Chatthe/Gurdeep Panesar - KEN /KEN (Mitsubishi Evolution 10)

Ian and Tundo Overall, there will be five spectator stages: Ngare Ndare after the turn-off to Timau, Nkunga on Meru-Isiolo Road and Lisa Ranch in Konza about 9km off Mombasa Road. Focus will be on Ian Duncan faces off with Carl ‘Flash’ Tundo.

Itinerary Day 1 Friday 3rd April 2015

FINAL ENTRY LIST

Car No. 4. Rajbir Rai/Dale Furniss -KEN /UK (Ford Fiesta R5) Car No. 3.Ian Duncan /Amaar Slatch -KEN / KEN (Mitsubishi Evolution 10) Car No. 2.Carl Tundo /Tim Jessop-KEN /KEN (Proton Neo Satria S2000) Car No. 8.Onkar Rai/Gareth Dawe- KEN/KEN (Mitsubishi Evolution 10) Car No. 99.Tapio Laukkanen/Pasi Torma-KEN/FIN (Subaru Impreza) Car No. 9.Raaji Bharij/ Jasneil Ghataure-KEN/KEN (Mitsubishi Evolution 10 Car No. 95.Jas Mangat/Cedric Buzabo-KEN/EAU Mitsubishi Evolution 10 Car No. 25. Izhar Mirza/Kavit Dave -KEN/KEN (Mitsubishi Evolution 9)

Loldaiga End 2 CS5 CS6 Ngare Ndare Start 11.54 Ngare Ndare End CS6 CS7 Nkunga Start 12.37 CS7 Nkunga End CS8 ASK Meru Spectator Start 13.05 CS8 ASK Meru Spectator End Parc Ferme IN MTTI

Day 3 Sunday 5th April 2015 Parc Ferme MTTI OUT 7.00 CS9 ASK Meru Spectator Start 7.28 CE9 ASK Meru Spectator End CS10 Meru Forest Start 7.36 CS10 Meru Forest End CS11 Kibirichia Start 8.04 CS11 Kibirichia End

Loldaiga Start 1 CS12 9.17 Loldaiga End 2 CS12 CS13 Kisima Start 11.15 CS13 Kisima End CS14 Nkunga Start 11.43 CS14 Nkunga End CS15 ASK Meru Spectator Start 12.11 CS15 ASK Meru Spectator End CS16 Meru Forest Start 12.49 CS16 Meru Forest End CS17 Kibirichia Start 13.17 CS17 Kibirichia End CS18 Kisima Start 13.40 CS18 Kisima End Parc Ferme ASK MERU 14.40

Ceremonial Finish-Meru ASK

Car No. 11.Imran Mogul/Adnan Din -KEN/KEN (Subaru Impreza N10) Car No. 12.Azar Anwar/ Julius Ngige -KEN/KEN Mitsubishi Evolution 8) Car No. 15.Alastair Cavenagh/Gavin Laurence-KEN/KEN Porshe Carrera 911) Car No. 14.Tejveer Rai/Zahir Shah -KEN /KEN (Mitsubishi Evolution 10) Car No. 17.Jasmeet Chana / Ravinder Chana -KEN /KEN (Mitsubishi Evolution 9) Car No. 27.Frank Tundo/Mike Borissow-KEN/KEN (Mitsubishi Evolution 9) Car No. 19.Karan Patel /Tauseef Khan-KEN /KEN (Mitsubishi Evolution 10) Car No. 18.Farhaaz Khan/ Riyaz Ismail -KEN /KEN (Mitsubishi Evolution 9) Car No. 26.Steve Gacheru / Linet Ayuko -KEN /KEN (Subaru Impreza) Car No. 100.Pavit Kenth /Raju Sehmi -KEN/ KEN (Mitsubishi Evolution 9) Car No. 22.Mahesh Halai /Ketan Halai -KEN /KEN (Subaru Impreza) Car No. 23.Steve Mwangi/ Steve Nyorri KEN/KEN (Subaru Impreza) Car No. 32.Amaanraj Rai/Gregory Stead -KEN/ ZIM (Mitsubishi Evolution 10) Car No. 126.Alfir Khan/Tinu Khan -KEN/KEN (Subaru Impreza N10) Car No. 103.Stephano Rocca /Piers Daykin-KEN/KEN (Datsun 280Z) Car No. 48.Piero Canobbio/Michele Ferrara-KEN/ ITL (Mitsubishi Evolution 10) Car No. 47.Asad Khan /Mwangi Kioni -KEN/ KEN (Subaru Impreza N10)

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BUSINESS DAILY | Friday April 3, 2015

THE MARKET CURVE FINANCIAL ANALYSIS & COMMENTARY with George Bodo

www.businessdailyafrica.com

FINANCE Tier 2 banks will have to keep recapitalising to sustain a year-on-year growth

Oil eases below $57 as I≥an, big powe≥s negotiate

Medium banks close in on the Big Six at a cost A

n analysis of 2014 bank results 3, has a weighted composite index of shows that the market share less than 1 per cent. battle between the large Tier 1 There are six large banks, 15 mediand medium Tier 2 banks continued to um lenders and 22 small ones. Three heat up during the year. At the close of key takeaways are emerging out of this 2014, the share of total industry earnmarket share battle: First, Tier 1 banks are slowing down on asset growth and ing assets of Tier 1 banks declined to 50 per cent compared to 53 per cent in are increasingly looking into deepen2013 while their share of total customer ing the non-funded income pool (by deposits fell steeply to 46 percent from increasing their share of customer 53 per cent in 2013. wallet through enhanced product ofOn the other hand, ferings). the share of total inOn the other dustry earning assets of hand, Tier 2 banks Tie≥ 1 banks a≥e Tier 2 banks increased are continuing to slowing down on to 43 per cent from 40 emphasise asset asset g≥owth and a≥e per cent in 2013 while growth. In 2014, the share of customer Tier 2 banks reinc≥easingly looking turned a 30 per deposits grew signifiinto deepening the cantly to 45 per cent cent year-on-year from 39 per cent at the growth in their non-funded income close of 2013. loan books compool pared to the 13 The Central Bank of Kenya classifies banks per cent recordinto three peer groups used by their Tier 1 ing a weighted composite index that counterparts.

Second, Tier 2 banks are encountercomprises total assets, deposits, capiing strong headwinds when it comes tal size, number of deposit and loan to funding their balance sheets. while accounts. A bank with a weighted their share of total customer deposits composite index of five per cent and above is classified as large (or Tier 1); a grew, they seem to be paying a huge medium bank (or tier 2) has a weighted premium for this. In 2014, Tier 2 banks’ composite index of between one and share of total industry interest expenses five per cent while a small bank, or tier grew by 40 basis points to 56 per cent.

The Central Bank of Kenya. The regulator classifies a bank with a weighted composite index of five per cent and above as large. FILE Back of the envelope calculations suggest that 10 of the 15 Tier 2 banks fund their balance sheets through purchased funds, which account for half of their total deposit liabilities. Purchased funds tend to be quite expensive and if they make up half of a bank’s total liability base, then this effectively translates into a double-digit cost of funds. This is primarily due to the not so strong retail franchise of medium banks; unlike their large counterparts who have the retail franchise muscle needed to generate low-cost liabilities, to the extent that they currently account for half of all branches in the country.

The balance sheet growth is coming at a significant premium. Finally, Tier 2 banks will have to keep recapitalising to sustain a year-on-year growth quantum of 20-30 per cent in their asset books.

In 2014 alone, six of the 15 Tier banks recapitalised. Already in 2015, two of them have outlined recapitalisation plans; and the market should expect more fund raising activities from Tier 2 names. Investors in Tier 2 banks should

The market share battle in 2014

Source:Callstreet Research and Analytics Ltd

expect continued thin dividend payout ratios because of the need to strengthen their balance sheets for regulatory and business purposes. They are currently paying out an average of 11 per cent of their net earnings compared to the 30 per cent being paid by their large Tier 1 counterparts.

The writer is an investment analysts

GLOBAL MARKET WATCH DJ INDU 17,698.18 -77.94

FTSE 100 3,180.81 -6.75

XETRA DAX 11,991.27 -10.11

Oil prices slipped yesterday as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets.

Negotiations on Tehran’s disputed nuclear program have stretched well beyond a self-imposed March 31 deadline, with diplomats saying the chances of a preliminary accord in the next few hours are finely balanced.

Tehran is hoping for a deal that will end crippling economic sanctions and allow it to sell millions of barrels of oil, some of it stored at sea in supertankers and ready for delivery. Brent crude for May LCOc1 was down 30 cents at $56.80 a barrel by 0800 GMT. The contract settled $1.99 higher on Wednesday. US crude for May CLc1 was down 25 cents at $49.84 a barrel, after closing up $2.49, or 5.2 per cent, on Wednesday.

Most financial markets will be closed on Friday for public and religious holidays. Crude prices snapped a three-session losing streak on Wednesday after the US Energy Information Administration (EIA) said US oil production dropped last week for the first time since late-December.

In the Swiss city of Lausanne, US Secretary of State John Kerry and German Foreign Minister Frank-Walter Steinmeier said they would stay on in an effort to seal a political agreement with Iran, a step towards a final pact due by the end of June. Iranian Foreign Minister Mohammad Javad Zarif said “significant progress” had been made but more discussions were needed to reach a deal. -REUTERS

CURRENCY RATES CAC 40 5,065.81 3.59

FTSE MIB 23,345.71 -13.28

SMI PR 9,140.27 3.01

HANG SENG 25,275.64 192.89

NIKKEI 225 19,312.79 277.95

ALL ORD. 5,869.74 36.83

SSE COMP. 3,826.69 16.39

S&P SENSEX 28,260.14 302.65

$: 92.50 €: 99.71 £: 137.16

TSh USh SAR

19.86 32.24 7.72

Market Activity MARKET CAP IN SH BN

LAST

PREVIOUS

2,420.84

2,446.38

TOTAL SHARES TRADED

35,556,200

52,875,800

EQUITY TURNOVER IN SH

979,079,325

1,731,629,281

1,011,900,000

2,592,375,000

11

41

BONDS TURNOVER TOTAL DEALS (BONDS) TOTAL DEALS (EQUITY) NSE 20 SHARE INDEX

1,702

1,953

5,196.86

5,240.53

NSE ALL SHARE INDEX

173.39

175.22

FTSE NSE KENYA 15 INDEX

231.27

231.27

FTSE NSE KENYA 25 INDEX

231.52

231.52

FTSE NSE KENYA BOND INDEX

93.39

92.39

1,234.76

1,234.76

FTSE ASEA PAN AFRICAN INDEX

HE SAID “Destiny is not a matter of chance, it is a matter of choice; It is not a thing to be waited for, it is a thing to be achieved.”

Download the NMG PLAY app on Google Play and scan this QR code with your smart phone for pictures, videos and more stories

- William Jennings Bryan U.S Congressman (1860–1925)

www.businessdailyafrica.com

The business of taking a break

Food festival opens in Lamu this weekend >>PAGE 12

3rd APRIL, 2015 - 9th APRIL, 2015

Celeb≥ating the Easte≥ weekend We b≥ing you activities that will be held in di≠e≥ent chu≥ches a≥ound the city >>PAGES 6 & 9

From rugby player to church founder >>3 | Gear up for the rains>>4 | Naivasha’s winemaker>> 10

2

BDLIFE | Friday April 3, 2015

BDLIFE: THIS WEEK

EDITOR’S NOTE

ACTIVE LIFE

EASTER SPECIAL

HEALTH

EAT OUT

5

7

11

14

E

aster is already upon us. This is the one weekend in the year that is marked on the calendar

by Christians the world over.

Starting from Friday all the way to Monday, Christians will celebrate the passion of the Christ’s which basically means His suffering and death and then the joy of his resurrection.

Starting from today, many churches around the country will hold different activities to mark the season.

Turn to our main story for where to catch the action.

For those not travelling out of town, we have ideas on how to keep yourself entertained even as you stay indoors.

There are movies that you can watch as a family not to mention great music of all genres that befit the season.

Should you be out in Lamu, catch the food festival and expo that’s going down there this weekend.

The BDLife team would like to wish all our readers a restful and peaceful weekend. Happy Easter

Rhoda O≥engo

Workouts that improve your core muscles

Savvy spending this Easter

Three ways to manage allergies

J’s Fresh Bar and Kitchen pulling in the crowds

THIS WEEK’S PHOTOS Alison NgetheKariuki with the bottle of John Walker Odyssey she bid for at the auction.

Published by the Nation Media Group Kimathi Street, Nairobi PO Box 49010 GPO Nairobi Telephone 254 20 328 8104 Fax 254 20 214 849 Email: bdlife@ke.nationmedia.com www.bdafrica.com

PHOTOS BY SALATON NJAU

From left: Andrew Kilonzo, Anne-Marie Burugu and Muchemi Wambugu.

LINUS GITAHI Chief Executive Officer TOM MSHINDI Acting Editorial Director OCHIENG’ RAPURO Managing Editor RHODA ORENGO Assosiate Editor JOAN PERERUAN Photographic Editor ANNIE NJANJA BILL ODIDI DOREEN WAINAINA DR MUKUHI NGA’NGA EVELYNE SITUMA ISABELLA MUKUMU JACKSON BIKO MWIKALI LATI MARGARETTA wa GACHERU SANDRA CHAO-BLASTO Writers GENNEVIEVE NAHINGA Senior Graphic Designer MILLIE WACHIRA STANSLAUS MANTHI Graphic Designer

From Left: KBL managing director Joe Muganda, Anne-Marie Burugu, Andrew Kilonzo and EABL Luxury Brand Ambassador Dougie Duncanson during a private auction of Johnny Walker Odyssey at the new luxury wines and spirits shop Berries and Barrels at Yaya Centre in Nairobi.

COMMENTS WHY I THINK I’M A GREAT MUM AND WIFE (AND PR TYCOON)

WITH KOTO, YOU CAN BUILD A DECENT HOUSE IN ONE MONTH

Rae: Such an inspiration!

ViconLife Maisha: You have a way with words Biko.

MkenyAsiri: Good role model for other women who want to go for it.

Tarik: About being impatient and a perfectionist to a fault, that is a virtue for all great achievers.

MWACHARO: That has to be a prefabricated house. What are the specifications? Does this cost include price of land? For how long are these prices valid for? Speed of building is critical but quality is even more important. As someone knowledgeable in matters housing, people need affordable quality houses based on their needs and expectations not cost alone. Focusing on cost of construction alone in my opinion is foolhardy. Let us change our paradigm.

IT’S FESTIVALS GALORE ON EASTER WEEKEND

ON THE COVER

Stellah Njeri: Team Bikes, Equator and altitude mpo?

Cdao: In my analysis, the walls and slabs built using this technology are more than twice the cost of the traditional methods using quarry stones, blocks or bricks and concrete.

The only advantage is the speed at which one can bring up the building.

Kenliks: I hope the next article will feature how one can add aesthetic value to houses made of polystyrene slabs and prefabs and also any health and environmental safety issues, having been made from petroleum by-products. Urban dwellers have an eye for beauty having seen a lot in modern architecture. The model house seems so plain and ordinary.

Can the slabs be modified to form different shapes and sizes apart from being flat?

Elizabeth: Is there a price comparison done with traditional building methods? On their website, a 2bedroom bungalow is priced at Sh3 million, which is exactly what it would cost to build a 3-bedroom including finishing using traditional methods.

Kasuni: If polystyrene is what I think it is, then the structure needs to be reinforced with steel anyway.

Nothing beats construction using locally available material.

CONTACT US: Catholic altar boys holding church candles. AFP

BDLife wants to hear from you. Send photos and letters to bdlife@ke.nationmedia.com and we may publish them on this page. Follow us on Facebook.com/ BUSINESSDAILYAFRICA or join and follow our conversations on twitter @BD_Africa and #BDLife. Cheers!

Friday April 3, 2015 | BDLIFE

3

PROFILE: BDLIFE

F≥om ≥ugby playe≥ to chu≥ch founde≥

BY JACKSON BIKO

So from playing rugby in “Patch” (Nairobi School), to Mean Machine (UoN rugby team) to the pulpit, what a trajectory!

Yes, I know man! You know, nobody would have thought I’d end up here, I mean I was gifted athletically as well as academically. In Form 3, I was already playing for my “Patch” rugby team, a major feat but I was also doing very well in class, then university with the rugby lifestyle - I was basically living a celebrity life.

There was this time my dad was driving me back to school and I asked him what subjects I should do and he said sciences because some of his richest pals were pharmacists so I studied pharmacy hoping to be a millionaire by the time I was clocking 30. But while in university, I met a pastor from Nairobi Chapel who roped me into the church. My girlfriend was going in for some one-year internship at the same church and somehow, I found myself going as well and the rest is history.

What kind of a guy were you prechurch?

The lifestyle that any guy who was playing rugby would have, really. You know, alcohol, girls, parties, the works.

It was everything you would expect.

Do you think the debauchery of that time has given you an edge now as a pastor?

I wouldn’t call it an edge, per se. I think it has given me empathy of sorts. I know some pals who still do the same things we

used to do back then and that draws me to them, because there is a reason they are still in that zone. I walked away because I needed to secure an eternal destiny, it was about purpose. I think at some point in our lives, we should ask the question; why are we here?

Are we just here to make loads of money and then die? This debauchery that middle-aged men engage in right now has serious implications on the rate of divorce in this country which has been at its highest in the past 10 years. My past makes me able to better empathise with this situation.

Did you ever smoke weed, pastor?

(Laughs) No, I didn’t. It never came to that.

What’s your take on those flashy pastors who drive big cars and live in big houses and are known to live off the sweat of their flock. Do they make you guys look bad?

(Chuckle) You know, I have never seen a fake 100-dollar bill. But just because something is fake doesn’t mean that there is nothing real out there, is there? We also have fake journalists and fake politicians and all these are distractions.

Mavuno is basically a church for people with a hangover. Comment.

(Laughs) You know, I like that! I really do, because we are not there as a church to reach out to people already in church, it was to reach out to people out there, people in bars.

It’s a church for people who don’t like coming to church and if they come with a hangover, then that’s great for us. We

PHOTO / COURTESY

Mavuno Chu≥ch, as pasto≥ Mu≥iithi says, is a chu≥ch “fo≥ people who don’t like going to chu≥ch.” Pasto≥ Mu≥iithi “founded” Mavuno Chu≥ch and ove≥ time, it has gained noto≥iety as the unconventional newage chu≥ch that doesn’t exactly subsc≥ibe to the model.

Mu≥iithi wasn’t supposed to end up as a pasto≥, given his past (studied Biochemist≥y in unive≥sity) but he≥e he is about to celeb≥ate the chu≥ch’s 10th yea≥ since its doo≥s opened unde≥ his able hands.

We did a Skype inte≥view.

He is, what the chu≥ch is; ca≥ef≥ee, eloquent and contempo≥a≥y.

preparation manual that has proved to be extremely useful for couples I engage with in church. Marriage is a mess in this country, which is frightening because the stability of a nation is founded on solid family traditions.

What’s the biggest challenge you experience in your marriage?

Oh, that’s easy. (Laughs) Carol and I decided to work together some time back, and I can tell you that working with your wife in the same office is tricky! It causes anguish and stress! (Laughs). It’s been three years working together but I don’t think we would have survived this had we done it in our first year of marriage.

What’s your greatest weakness as a pastor?

(Laughs) This feels like an interview! You know I also sometimes fantasise about going to do what I wanted to do in the beginning; business. This job can get thankless and sometimes I just wonder how it would be to down my tools and do business. (Laughs). Sometimes I just want to go play golf and do business, not handle the flock because it’s much easier.

Why don’t you? have inspiring stories of people who have come in with hangovers, as you call it, and five years later, have cleaned out well and are better fathers, have more passion for their careers and even saved their marriages that were about to fail.

What are you struggling with as a pastor?

The succession plan. The true success of any venture is judged by its success after its founder has bowed out. Most people think I’m too young to walk away but I think that the church is ready for new leadership and direction from the promising leaders we have. I will work in the background focusing on resource mobilisation as well as building on the culture we have set here.

What is your weakness as a pastor?

(Long pause) Wow. That’s a thoughtprovoking question. (Thinks) You know, working with people can be really draining, sometimes you find an alcoholic who was doing well suddenly relapsing and it messes up his family and work and it can get really heartbreaking for me. I think I like to see results immediately, I like going for quick wins.

By the way, did you ever marry your campus sweetheart, the one who made you go for the one-year internship?

MURIITHI WANJAU Senior Pastor, Mavuno Church Age: 45 Professional Outreach pastor: Nairobi Chapel 20012005 Resident pastor: Elmbrook Church 1999 EDUCATION Biochemistry degree from the University of Nairobi Master’s in Divinity at Fuller Theological Seminary.

Author ‘Mizizi: Plugging Into Your God Purpose’, a discipleship manual that has been translated into at least 6 different languages and used in churches across the world.

Because this is my purpose. You know how people wake up on Monday and curse? I wake up and say I want to go out and work, because I love what I do.

Financial security is great but it isn’t everything. We, as a society, are too obsessed with quick money, when we should focus more on its true resolve. I have an Asian friend who is building a business but isn’t buying himself a Range Rover, instead he is building something for the future of his kids, and he takes his daughter to work to see how things work so that one day he can hand it over.

What do you do in your downtime?

I read a lot, I watch a lot of action movies, and I’m an investor. Carol and I live on one salary, the rest we invest, so I’m very keen and interested in that.

And what is your greatest fear?

It hasn’t happened yet. (Laughs).

What is the most unpastorly thing you have ever done?

I’m not sure I want to tell you that!

(Laughs) That is a hard one. (Thinks for long.) The most unpastorly thing… ..hmmm….

OK, let’s put it this way, which of the 10 Commandments do you struggle with the most?

(Laughs) Oh yes. We will be doing 21 years together this year.

(Laughs hard). I think when I experience bad service in the hospitality industry I get livid. I just hate it. (Thinks) I think I can get quite bossy sometimes…

Do you face the same challenges in marriage as other couples not in church?

So which commandment does that fall under?

I think we have challenges as a couple, but Carol and I have a book out called Ndoa which is basically a marriage

(Laughs) I think bad service makes me want to kill someone….so thou shall not commit murder?

4

BDLIFE | Friday April 3, 2015

BDLIFE: GARDENS only uses organic materials. The bone meal, she says, is an excellent ingredient to the organic fertilizer mix. “It’s made with crushed goat and cow bone,” she says, noting that it is sold at her nursery as well as in a few shops in Nairobi.

Apparently, one doesn’t need too much bone meal since you only add about a handful of it to a wheel barrowload of manure. An added attraction of the bone meal is that even if you add an excess amount of it on top of the manure, it will never affect the soil.

“We neve≥ use chemical fe≥tilize≥s because they can se≥iously damage the soil... if you put chemicals down on you≥ soil in p≥epa≥ation fo≥ the ≥ains, if the ≥ains delay, those chemicals can actually bu≥n the soil and do se≥ious damage to you≥ ga≥den.”

Sporadic Celia says she cannot over-emphasize the need for haste in preparing your garden for the rains. “For instance, if we get a good rain tomorrow, it’s critical that you put in your plants, either your flowers, vegetables or shrubs, the following day.”

Stressing that gardeners need to be busy right now or they will miss out on rains altogether should they be sporadic, she says now is also the time to be digging the holes into which you will place your new plants.

Celia Hardy, Owner of Plants Galore

Time to p≥epa≥e you≥ ga≥den fo≥ the ≥ains

Tom Otieno mixes bone meal with soil and manure to make organic fertiliser. Below: Spice seedlings

She said for shrubs, the holes should be approximately 25 cms apart while if roses are your plants of choice, make sure the holes are more like 50 cms apart.

And of course, trees need greater distance between the holes since the roots should not interfere with one another as the trees grow.

The point is that even if there’s a heavy rain, you need to be out in the garden the following day ready to fill those holes with your plants. Whether you get them from a roadside gardener or a professional one, you need to make sure you have what you need in good time. This may mean you either reserve your plants in advance or bring them home in readiness to get to work without having to brave the traffic to collect what you need.

Because of the d≥y season, dig up dead plants to clea≥ the way fo≥ new g≥owth

BY MARGARETTA WA GACHERU

T

he rains are late, according to Celia Hardy, owner of Plants Galore, a plant centre in Rosslyn that many dedicated gardeners swear by.

But despite the fact that Celia says their tardiness is ‘worrying’, it may be a blessing in disguise for amateur gardeners or people who believe the weatherman when he says they will be coming in mid-April.

This is the time to get your garden ready for the rains. For instance, Celia predicts they could very well be coming this week so to maximize benefits from

the long-awaited moisture, she has several tips to ensure your garden will grow well in the coming days and you take full advantage of the rains.

Dead plants First thing, she says: because the drought destroyed many flower gardens and vegetable patches, it’s essential to first dig up the dead plants to clear the way for new growth.

Then one needs to prepare the soil in readiness for the rains. That means getting wheel barrow-loads of manure to put down and also add a portion of bone

Vegetables

Plants Galore owner and chief gardener with one of the 19 Cycad plants she retrieved from old Museum roundabout.

ALL PHOTOS MARGARETTA WA GACHERU

Lush plant seedlings ready for planting now that the rains have come.

Distance

meal on top. This, she says, constitutes the perfect organic fertilizer that’s bound to ensure a good growth of your plants.

Organic manure “We never use chemical fertilizers because they can seriously damage the soil,” she says. “For instance, if you put chemicals down on your soil in preparation for the rains, if the rains delay, those chemicals can actually burn the soil and do serious damage to your garden.”

That is why at her nurseries, which are both in Athi River and in Rosslyn, she

Then again, if you are thinking about planting vegetables like spinach or sukuma wiki, you should have already been growing seedlings in your home nursery which doesn’t need to be terribly big, nor does it need to be inside a green house.

If those seedlings have already grown up a bit, the rains will signal the time for you to transplant them into the garden where you’ll already have put down the manure and bone meal.

Nothing is better than being able to serve your family and friends vegetables and fruits fresh from your own garden.

So even if you don’t consider yourself a serious gardener, now may be the season when, if you act now and follow the guidelines noted above, you too could find ways to save a fortune by growing your own family food.

There’s also the satisfaction of knowing your people will be eating food that is chemical-free and super-fresh.

So enjoy the rains as you watch your garden grow. margarettag@hotmail.com

Friday April 3, 2015 | BDLIFE

5

BDLIFE: THE ACTIVE LIFE

Wo≥kouts that imp≥ove you≥ co≥e muscles It’s best to finish one full set of exe≥cise in the wo≥kout befo≥e emba≥king on anothe≥

M

any popular workouts that aim to strengthen your arms, legs, and abs give short shrift to many of the muscles that form your body’s core (the group of muscles that form the sturdy central link connecting your upper and lower body). Strong core muscles are essential to improving performance in almost any sport — and are the secret to sidestepping debilitating back pain.

If you haven’t been working your core muscles regularly — or if you challenge yourself with a new set of exercises — expect to feel a little soreness as you get used to your new routine.

Extremely sore muscles a day or two after a core workout means you probably overdid it and might need to dial down your workout a bit. Next time, try to finish just one full set of each exercise in the workout.

You might also do fewer repetitions (reps) of the exercises you find especially hard. Once you can do reps without much soreness, build strength by adding one more rep of the harder exercises in each session until you’re doing the full number of reps comfortably. Then try adding a second set.

If your muscles feel really sore within 24 to 48 hours of adding a burst of core work, cut back on the number of reps. For example, say you are doing planks, the modern alternative to push-ups. Instead of trying to do four front planks a day, start with one. Stick with that for a few days, then add a second plank. When you’re comfortable at that level — that is, not feeling a lot of muscle soreness — add a third plank.

And so on.

If even one plank knocks you out, cut back on how long you hold it: instead of 30 seconds, try 10 seconds for several days, then try 15 or 20 seconds, and so on.

Delayed-onset muscle soreness is a normal response to working your muscles. Usually, it peaks 24 to 48 hours after a workout before gradually easing, then disappearing entirely in another day or so. But if you experience sudden, sharp, or long-lasting pain, check with your doctor.

Exercising at the gym AFP

Feet: The foundation fo≥ fitness and health Feet are a part of the anatomy many exercisers ignore while pounding the treadmill or honing a headstand, but fitness experts say they are the very foundation of physical well-being.

A quarter of the body’s bones are contained in the feet and ankles. It is where most movement begins and, much like a building’s foundation, it determines stability.

“The feet are perhaps the most neglected complex structure in the body,” said Katy Bowman.

Bowman, founder and director of the Restorative Exercise Institute near Seattle, Washington, said when feet are strengthened, it decreases whole body imbalance or instability.

Dr. Howard Osterman, an APMA spokesman, said most foot injuries are due to overuse, or trying to do too much with limited support.

“We don’t need the toes to have the dexterity of fingers but we do need some dexterity,” he said. “We need the muscles to have strength.”

As a podiatric consultant to the Washington Wizards professional basketball team, Osterman recommends that team trainers make sure players do their foot exercises religiously.

Simply trying to pick up a washcloth, towel or marbles with the feet fires up the muscles that build arch strength, he said. Standing on one foot for 10 seconds is also a good way to build core strength. “(It) stimulates the nerve endings from the brain down to the small nerves in the feet,” he said. “It’s especially important to train the brain of elderly people at a greater risk of falls.”

Bowman suggests doing exercises such as spreading, pointing and individually lifting the toes, rolling a tennis ball underfoot, and standing on tiptoe to strengthen the calves.

“For the fit person, give yourself a 15-minute foot exercise routine that you do without your shoes,” she recommends.

Bowman believes foot fitness is integral to every movement.

“Every exerciser is worried about the position of their ankles, knees and hips, but so much of that stability starts at the foot,” she said. “It’s very much a whole body issue.”

- Reuters - Reuters

6

BDLIFE | Friday April 3, 2015

BDLIFE: EASTER SPECIAL Kingsman: The Secret Service. There are a few classics that will keep you captivated if the modern day action films and re-makes do not hold much appeal.

Four years ago, E.B – the Easter Bunny’s son, with a dream to be a rock-roll drummer hopped onto the big screen and now has become a favourite movie to watch during the long Easter weekend.

Hop, the movie, is a live action and animated comedy film. E.B, voiced by Britain’s bad boy Russell Brand, will sure put the magic of Easter into your viewing. And it will teach children importance of responsibility along the way.

What would Easter be without watching Jesus Christ, there are countless versions out there and most television stations will be showing one or the other. If you want to go more authentic and are not faint-hearted then the controversial Passion of the Christ is good choice. Word of caution though, kids should not be watching this version.

Musical

Young couple watching movie in a theatre. PHOTO FILE

Why not stay indoo≥s with a good movie this weekend?

If not t≥avelling out of town, we have a list of old and new films that should keep you ente≥tained

BY DOREEN WAINAINAH AND MWIKALI LATI

W

Easter parade musical FILE

hatever Easter means to you, whether it’s a time for holy contemplation or just to relax for four days, movies with an Easter theme are sure to keep you and your family entertained. Easter consists of four days away from work. To while away the time, why enjoy a few movies either at home or in the cinema.

As part of the line-up, IMAX will be screening Fast and Furious 7 and Insurgents 3D during the holiday period as well as local productions Angels of my Face, Fundi-Mental and House of Lungula at the Arafa Lounge.

Fast and Furious 7 as its name suggests is the 7th of the series of movies that showcases cars and speed. Set in Abu Dhabi, where luxury vehicles on the roads is equivalent to Toyotas on Kenyan roads, is about revenge. Deckard Shaw (Jason Statham) is out to seek revenge against Dominic Toretto (Vin Diesel) for the death of his brother killed in Fast & Furious 6.

The plot unravels as the team also pays tribute to Paul Walker who plays

Brian O’Conner, who died during filming of this movie.

Insurgents 3D, according to movie site IMDb follows Beatrice Prior who must confront her inner demons and continue her fight against a powerful alliance which threatens to tear her society apart with the help from others on her side.

Fundi-Mentals is about Joseph (Gerald Langiri) and his assistant Moses (Charlie Karumi) who like to think of themselves as the Best Fundis in Kinoo, despite their unorthodox methods. But the entry of a new Multinational Service Company in town throws all this into jeopardy. To avoid going out of business, they introduce to their female customers a new type of Ex-press service with hilarious results!

Gripping story House of Lungula is based on Harrison, an overworked and underpaid guy who is looking for money for bride price. A ‘business’ opportunity presents itself when he gets the keys to the company house. With the CEO away on holiday, he has access to a vacant fully furnished house.

Angels of my Face is directed by Manu Maina and written by Alice Kombani. When misfortune strike and fate beckons. An Old Gold Films picture that follows the gripping story of Post-Election violence victim Manches and his internally displaced family in a camp where their presence isn’t welcome because of their ethnicity.

Theatres Other movies that will be in theatres at Fox Cineplex Sarit will Include Cinderella, Danny Collins and The Second Best Exotic Marigold Hotel. The movies will also be showing at Planet media in Prestige Plaza and Nakumatt Mega City, Nyali Cinemax in Mombasa and Century Cinemax at the Junction which also has Focus, Sponge Bob, and

Other movies to enjoy are Benhur (1959) and Easter Parade (1948). These movies have interesting stories and behind-thescenes stories as well. Benhur has a nineminute chariot racing scene that took five weeks to shoot. It took a whole lot of horses and thousands of extras to fill the stands of the built stands.

Benhur is based on Lew Wallace’s book Benhur: A Tale of the Christ. It is a story of betrayal and revenge of a Jewish prince and weaved into it all the significant events/ miracles of Jesus’ life.

Easter Parade is a musical; a popular genre during the Golden Age of Hollywood (1930 to 1960). It is a love story with the leading stars of that time, Judy Garland and Fred Astaire, with plenty of songs along the way. The parade marks the highlight of the two on a date.

Another favourite from this era is Barabbas (1961) which tells the story of the criminal Pontius Pilate set free in place of Jesus.

NEW LIQUOR STORE OPENS AT YAYA Shaped like a jewel and strategically placed under gleaming lights, a bottle of Johnnie Walker Odyssey is the object of attention.

A bidder makes a call for Sh120,000 … the auctioneer calls once…twice….and declares it sold to Alison Caroline Ng’ethe-Kariuki, the highest bidder for the night of the limited edition Johnnie Walker Odyssey. The bottle is locally valued at approximately Sh160,000 and was up for auction at the grand opening of the latest highbrow liquor store in town.

Berries and Barrels, a partnership between East African Breweries and Bia Tosha Limited are seeking to quench the thirst for fine wine and liquor in the Kenyan market.

The intimate store is on the second floor of Yaya Centre, right across from Sierra lounge. The set-up is meant to create a more personal experience for the customers who are taken through the various aspects of the drinks for sale in the store.

The Odyssey is a triple malt whisky blended and matured in European oak casks. And as whisky connoisseurs say, it should be taken neat, and if one must mix it, just a dash of water to open up the bouquets.

At the store, you can get a bottle of the infamous

The new luxury wines and spirits shop at Yaya Centre in Nairobi . SALATON NJAU

King George Whisky from Johnnie Walker, whose 750ml bottle retails for only Sh76,025. King George V, Scotch whisky, created to celebrate the Royal Warrant given in 1934 to the Walker family to mark the exceptional qualities of their whiskies.

In addition to that, luxury drinks are not complete without an offering of champagne, with a vintage Dom Perignon going for Sh44,800. While their most expensive cognac — Courvoisier Initale Extra — will retail at Sh67,200 a bottle.

Friday April 3, 2015 | BDLIFE

7

EASTER SPECIAL: BDLIFE Online buying has made shopping convenient.

FILE

Savvy spending this Easte≥ To keep you≥ budget in cont≥ol, always t≥ack you≥ spending especially when using a ca≥d

E

aster is yet another season to spend time with loved ones. In all the excitement of the holiday, it’s easy to lose track of how much we spend, especially if keeping to a budget. To avoid that post-Easter financial hangover, here tips on how to spend your money wisely over the holiday period.

Set a realistic budget – and stick to it It’s easy to get carried away attending all the seasonal parties that are filling up your diary, but if you’re not careful, you will have spent way beyond your means. The best thing

to do is draw up a list of all the events you need to attend as well as a budget including everything you need to buy and stick to it. No cheating or you’ll only get into money troubles later! Make sure you have been realistic and prioritise between your ‘must-do’s’ and your ‘like-to-do’s’.

Now when you are spending throughout the month, refer to the budget you have drawn up. If you use a debit card, it is easier to spend within your means since each time you spend, the money is drawn directly from your bank account - you buy now, you pay

SANKARA TO OPEN STEAK RESTAURANT Steak in Kenyan hotels is not a nyama choma affair but rather a fine dining experience of digging one’s teeth into the succulent aged beef.

Sankara Nairobi is launching a new restaurant to cash in on this love for meat with the Graze, a new concept restaurant at the hotel.

Graze is set to open its doors at the end of April, providing patrons with an open kitchen experience with the meat cooked in a Josper grill. The josper is the combination of a charcoal grill and oven in a single machine providing the temperatures needed to cook the meet fast and still give it the smoky taste.

The 44-seat restaurant is located on the first floor and will feature a lunch and dinner menu exclusively.

The signature menu items include aged beef, seafood, classic steakhouse dishes and desserts. All paired with an eclectic wine and whisky list representing some of the finest producers in the world.

The décor exudes a decadence of rich browns; characterised by an ebony wood ceiling, indoor fireplace and playful steakhouse style imagery adorning the walls.

It will also have an outdoor terrace and traditional booths for privacy which will provide the setting for an intimate business or social experience.

Jabu Basopo

now. Transactions on your Visa Debit card can be tracked on your card issuer’s website or over the phone and your monthly account statement will provide full details of your purchases, including merchant name, location, date and amount. Keep track of your receipts and check them against your bank statement.

It pays to be organised!

Bag the best deals online Online shopping has got to be one of the best innovations to come along for the savvy shopper! Instead of trawling crowded malls, you can leisurely browse through the best deals from the comfort of your home. Coffee (and budget) in hand and with your card at the ready, you can compare prices across sites and get the best deal for that perfect purchase.

However, don’t forget to be safe online.

Look for secure websites that have an address that starts with “https” for secure browsing.

You can also look for a padlock icon in the browser that means your payment information is protected.

Some websites will also provide further protection with identity authentication services such as Verified by Visa, which requires you to enter a password before you can make a purchase. All you need to do is register your card with your card-issuing bank or during the checkout process at a participating website, and you’re good to go.

Book ahead

Sankara Hotel. FILE DOREEN WAINAINAH

T≥ansactions on you≥ Visa debit ca≥d can be t≥acked on you≥ ca≥d issue≥’s website o≥ ove≥ the phone and you≥ monthly account statement will p≥ovide full details of you≥ pu≥chases, including me≥chant name, location, date and amount. Keep t≥ack of you≥ ≥eceipts and check them against you≥ bank statement. It pays to be o≥ganised!

Easter is a time for getting together and can often mean that many of us are on the road or jumping on a plane to spend time with family.

If you’ll be traveling to visit family and friends over the festive period, reserve your plane or bus ticket online with your debit card and collect your ticket just before departing.

This not only means you have a reserved seat at a time that suits you and can enjoy a more comfortable journey, but that you can also grab the best early-bird deals and stick to the all-important budget.

Monitor your account to make sure you are sticking to your budget and also keep an eye out for any unauthorized transactions

and report these to your bank immediately to stay protected.

If you are hosting an Easter party this year, why don’t you get each family member or friend to bring their favourite dish or beverage? It gives a seasonal feeling of sharing to the occasion and creates a great deal of conversation when everyone unveils their dishes.

What’s more, you save time and money and everyone has their favourite food to eat!

Another way to spend your Easter together is to go out for the day. A lot of places offer deals to encourage you to get out and spend. If you are a cardholder, there is usually a range of travel, shopping, dining and spa offers that you and your family may be able to enjoy. Check with your local bank to find out what deals your Visa card offers you to really get the most out of your budget this season!

Give the gift of charity Instead of spending excessively on each other this year, why not give to those who may not have the means. Get family and friends to agree to make a donation to charity which ultimately buys a gift for someone in need.

Spending in this way means you save money and do something good for others.

Plus, it is easy and convenient because you can do it all online.

Jabu Basopo – General Manager, Visa East and Southern Africa

8

BDLIFE | Friday April 3, 2015

Friday April 3, 2015 | BDLIFE

BDLIFE: MAIN STORY

9

MAIN STORY: BDLIFE On Sunday a service will be held where faithful will partake in Holy Communion and the overall message of Easter will be summed up with further readings from the Gospels.

On Sunday afternoon, All Saints Cathedral will host the Easterfest Choral Musical at the Trinity Auditorium. The All Saints Cathedral Nairobi choirs will engage the congregation in worship songs meant to mark the victory of Christ over death.

THE PROTESTANT CHURCHES ICC WEST Not much will be taking place at the church during the festivities of the Easter period.

Friday A worship night will be held on the day between 6 pm and 8 pm.

Faithful singing hymns at All Saints Cathedral in Nairobi during last year’s Easter service.

Saturday The same venue will host a movie night for the screening of Do You Believe, a Christian movie following the lives of 12 different people living different lives which unexpectedly intersect and they discover the power in the Cross of Christ.

The movie will cost Sh250 per person and will show between 6pm and 8pm.

FILE

Celeb≥ating passion of Ch≥ist Chu≥ches will this weekend hold activities to celeb≥ate Ch≥ist’s death and ≥esu≥≥ection

BY BDLIFE TEAM

C

hristians have been celebrating the Easter holiday with pomp for centuries. And this year’s commemoration of the death and resurrection of Jesus Christ will not be different.

The line-up of activities by various churches around the city may not differ significantly but their schedules are bound to be different. Below is a report on the events that will take place in churches in the city and its neighbourhood over Easter.

HOLY FAMILY BASILICA The Easter festivities for The Holy Family Basilica church, located opposite the Intercontinental Hotel, will begin on Good Friday when the faithful will gather at 9.30 am for the ‘Way of the Cross’ which replicates a number of events beginning with the Last Super - which happened before Jesus’ capture - to the moment he died on the cross and got buried.

A volunteer will symbolically ‘take’ the place of Jesus by carrying the cross through various ‘stations’ and bearing the brutal treatment that Jesus underwent. The faithful will begin the procession from the church and take various routes within the city - stopping a number of times to mark the different stations.

At 3 pm (the time it is believed Jesus died) the church will hold a ‘Passion service’. The congregation will recite a ‘passion narration’ during the service - where they will ‘re-live’ the suffering of Jesus.

The Easter vigil mass will be held at 7 pm on Saturday.

During the vigil mass, there will be lighting and blessing of the fire in the church. The priest conducting the mass will then bless Easter candles. The faithful will then light the candles from the blessed fire. Lighting of the candle symbolises

Christians’ eternal life in Christ.

Sunday is the epitome of the Easter holiday as it is the day when Jesus rose from death. Unlike Friday and Saturday where the mood is sombre, on Sunday Christians will be in jubilation as they mark the day Jesus triumphed over death.

Cardinal John Njue will lead Catholics in marking the day at the Holy Family Basilica. The mass will start at 11.30 am.

Easter Monday being a public holiday, the usual mass will be held at 9 am.

ST AUSTIN’S CATHOLIC CHURCH, OFF JAMES GICHURU ROAD The programme at St Austin’s Catholic Church’s will not differ much from that of the Holy Family Basilica.

Marking of Easter will begin on with a holy mass scheduled for late evening.

On Friday, the way of the cross will begin at 1 pm, and then at 3 pm Christians will relive the suffering of Christ during the passion narration.

Easter vigil will take place on Saturday from 7 pm and confessions will also be heard during the day.

On Easter Sunday masses will be held at usual times, with the first service beginning at 8 am.

CONSOLATA SHRINE, WESTLANDS On Good Friday, Consolata Shrine will have a session titled “Passionate Love” led by Father Ottone Cantore. Here, the faithful will reflect on the meaning of the death and resurrection of Christ.

Thereafter, the Way of the Cross will be animated by the youth at 11.30 am. A special film, related to the Easter holiday will be screened from 1 pm to 2.30 pm then a solemn celebration of the Passion of Christ will be held. Confessions will be

heard from 9 am to 2.30 pm.

Saturday, at 7 pm will mark the beginning of the Easter Vigil, there will be Confession starting from 9 am to 12 pm and another from 5 pm to 6.45 pm.

On Sunday, the first Mass (Kiswahili) will be at 7: 30am then English Masses will be held at 9:00am, 10.30, noon and 5.30 pm.

And on Easter Monday three Masses will be held, two in the morning hours and one in the evening.

Traditionally, the Catholic Church will mark the crucifixion of Christ on Good Friday - an event that will get worshippers in a sombre mood. However, come Sunday, the service will be colourful as the

faithful mark the resurrection of Christ.

week with an Easterfest which took place on Palm Sunday being the highlight.

ANGLICAN EASTER CELEBRATIONS

Good Friday

The Easter weekend is capped in style the world over, being the zenith of the Holy week where Christ overcomes death. Christians are eager to end it with flair.

The All Saints Cathedral being the mother of The Anglican Church in Kenya has planned various activities aimed at summing up the message of Easter which is Christ’s triumph over death on the cross. Already, the cathedral has seen a busy Holy

Congregants will attend any of the three services during the day. The first service will be at 7am, the second at 10am and the third at 3pm. Holy Communion will be given with readings focusing on the Passion of Christ.

The storyline will be told by different commentators during each service. Each will narrate a particular event leading to Jesus’ death, crucifixion, resurrection and ascension to Heaven.

Easter weekend is here. Christians are bubbly and seek to sit back and reflect upon their Saviour’s triumph over death. They need a funky vibe edged towards joy. In music they will find this liberating feel.

Everfound, an album by a Christian rock band going by the same name drives you into a funky spiritual zone that is revealing and introspective. When you listen to never beyond repair (track no 4) the lyrics will sum up Easter and you will strum your imaginary guitar and rock with spiritual zeal.

At the foot of the cross is a compilation on songs about the resurrection, Lakewood church choir partners with Israel Houghton and Cindy Ratcliff to produce a divine song titled He lives. The song is bound to put you in praise mode. Popular group Hillsong united is also

featured in the compilation.

Those hitting the gym this long weekend aren’t left out. They need beats to nod to. Here is where electronic music comes in, it’s fast, groovy and will get you burning those calories.

Dreamlab club revival is set to get your feet tapping. Techno lovers too can pick up a copy of Sonic praise, here I am to worship.

Classical music enthusiasts can sample All Souls Orchestra who compose exceptional praise songs.

Movie junkies have the rare chance to listen to tracks from blockbusters on the life of Christ. All the songs from the Son of God movie are compiled in their entirety. Songs from the Hollywood produced The Bible are also available.

Then there’s the good old hymns, sung for ages reflecting a Christian’s utmost desire to lift up the Lord’s name. Timeless hymns such

Sunday After the usual service, the church will host a praise festival from 4pm to 6pm.

SEVENTH DAY ADVENTIST (SDA)

Catholic faithful take part in the Way of the Cross ceremony .

FILE

Easter Sunday On Sunday, the normal church programme will resume with 14 services taking place. The children, teens, youth and adults will troop back to their respective services.

EASTER MESSAGE BY ALL SAINTS CATHEDRAL

Music to uplift you≥ spi≥its ove≥ Easte≥

BY WAINAINA WAMBU

Catholic faithful take part in the Way of the Cross ceremony, which symbolises the final journey of Jesus Christ before he was crucified, during a Good Friday service at the Holy Family Basilica last year. FILE

WHERE TO BUY Tune- Inn, Yaya Centre Nakumatt branches countrywide

American gospel singer William McDowell performs in a worship concert.

FILE

as Blessed Assurance and Amazing Grace will remind you of your schooldays; singing from a Golden Bells hymnal. The hymn makers offer a rare chance to dust off your Golden Bells.

Family Radio 316 will play gospel hits for three hours on the weekend starting from 11 O’clock in the morning. They will sample 20 of the most listened to songs in the world. Folks, music is everywhere and all resonate well with the passion of Christ.

Faithful who listen to Hiphop can get Lecrae’s anomaly. The album, released last year, rippled the music scene debuting at No.1 on the Top Gospel charts.

But just where can one find Christian music cutting across all genres? I ventured into Tune-Inn at Yaya centre and found the answer to my question.

The place is packed with Albums - clear, the shop is well lit, and plays soft but arresting gospel tunes. iPads and headphones are placed strategically on the walls enabling one to sample the music before they buy. There’s an Easter offer for a special thematic album and they will pay for your parking if you spend more than Sh900.

This week Paul Beloche’s Same Love is on offer, setting the Easter mood. Prices are slashed by almost half and you get a complimentary gift for every purchase. wwambu@ke.nationmedia.com

The church will not hold special Easter celebrations. Each quarter, the SDA church partakes of the holy Eucharist which is sharing of the body and blood of Christ. This Sabbath, the church will conduct the Eucharist though it was already celebrated during the first quarter of the year.

The SDA Nairobi Central Church first service starts at 8.15am and the main at 10.15am.

PRESBYTERIAN CHURCH OF EAST AFRICA (PCEA)

The Provost urges for introspection among Christians, urging them to serve others more, overcome challenges and death just as their saviour did and to above all “lay their lives for others.”

“It is a period to reflect on who Christ is and on what it means to be Christian,” he said.

The church service will be run on the customary schedule. However, St Andrews Church (PCEA) on University Way in Nairobi will hold special Easter songs to celebrate the day for congregants during the Sunday mass like it has done over the years. The church has three services which take place at hourly intervals starting from 8am in the morning with the last service beginning at 11am.

ACK ST MARK’S WESTLANDS

CITAM (FORMERLY NPC)

On Good Friday, the church will open its doors early. The first service will be at 7:30 am and the second will be at 11am. The services will focus on the Gospels with special attention to Jesus’ tribulations and eventual victory. However, Holy Communion won’t be served.

On a visit to Nairobi Anglican Church Diocese headquarters which are based at St. Mark’s parish in Westlands, Jane Mwangangi, the vicar, speaking for the Bishop, Reverend Joel Waweru said churches in the diocese are expected to follow the normal church routine during the whole Easter season.

The church will not be holding any special events during the Easter weekend, however, they will have a single service from 10am to 12 am on Sunday.

Saturday Saturday no activity will be at the church, congregants will shift attention to their families.

Easter Sunday

MAVUNO CHURCH According to Pastor David Kuria, Mavuno Church will be hosting Undeserving Concert to take place on the morning of Easter Sunday at Hill City Campus, Athi River. It will feature music, drama and dance. Popular gospel musicians Atemi and Neema will keep the worshippers entertained.

Compiled By: Annie Njanja, Doreen Wainainah, Evelyne Situma, Mwikali Lati, Edwin Mbuthia, Wainaina Wambu

8

BDLIFE | Friday April 3, 2015

Friday April 3, 2015 | BDLIFE

BDLIFE: MAIN STORY

9

MAIN STORY: BDLIFE On Sunday a service will be held where faithful will partake in Holy Communion and the overall message of Easter will be summed up with further readings from the Gospels.

On Sunday afternoon, All Saints Cathedral will host the Easterfest Choral Musical at the Trinity Auditorium. The All Saints Cathedral Nairobi choirs will engage the congregation in worship songs meant to mark the victory of Christ over death.

THE PROTESTANT CHURCHES ICC WEST Not much will be taking place at the church during the festivities of the Easter period.

Friday A worship night will be held on the day between 6 pm and 8 pm.

Faithful singing hymns at All Saints Cathedral in Nairobi during last year’s Easter service.

Saturday The same venue will host a movie night for the screening of Do You Believe, a Christian movie following the lives of 12 different people living different lives which unexpectedly intersect and they discover the power in the Cross of Christ.

The movie will cost Sh250 per person and will show between 6pm and 8pm.

FILE

Celeb≥ating passion of Ch≥ist Chu≥ches will this weekend hold activities to celeb≥ate Ch≥ist’s death and ≥esu≥≥ection

BY BDLIFE TEAM

C

hristians have been celebrating the Easter holiday with pomp for centuries. And this year’s commemoration of the death and resurrection of Jesus Christ will not be different.

The line-up of activities by various churches around the city may not differ significantly but their schedules are bound to be different. Below is a report on the events that will take place in churches in the city and its neighbourhood over Easter.

HOLY FAMILY BASILICA The Easter festivities for The Holy Family Basilica church, located opposite the Intercontinental Hotel, will begin on Good Friday when the faithful will gather at 9.30 am for the ‘Way of the Cross’ which replicates a number of events beginning with the Last Super - which happened before Jesus’ capture - to the moment he died on the cross and got buried.

A volunteer will symbolically ‘take’ the place of Jesus by carrying the cross through various ‘stations’ and bearing the brutal treatment that Jesus underwent. The faithful will begin the procession from the church and take various routes within the city - stopping a number of times to mark the different stations.

At 3 pm (the time it is believed Jesus died) the church will hold a ‘Passion service’. The congregation will recite a ‘passion narration’ during the service - where they will ‘re-live’ the suffering of Jesus.

The Easter vigil mass will be held at 7 pm on Saturday.

During the vigil mass, there will be lighting and blessing of the fire in the church. The priest conducting the mass will then bless Easter candles. The faithful will then light the candles from the blessed fire. Lighting of the candle symbolises

Christians’ eternal life in Christ.

Sunday is the epitome of the Easter holiday as it is the day when Jesus rose from death. Unlike Friday and Saturday where the mood is sombre, on Sunday Christians will be in jubilation as they mark the day Jesus triumphed over death.

Cardinal John Njue will lead Catholics in marking the day at the Holy Family Basilica. The mass will start at 11.30 am.

Easter Monday being a public holiday, the usual mass will be held at 9 am.

ST AUSTIN’S CATHOLIC CHURCH, OFF JAMES GICHURU ROAD The programme at St Austin’s Catholic Church’s will not differ much from that of the Holy Family Basilica.

Marking of Easter will begin on with a holy mass scheduled for late evening.

On Friday, the way of the cross will begin at 1 pm, and then at 3 pm Christians will relive the suffering of Christ during the passion narration.

Easter vigil will take place on Saturday from 7 pm and confessions will also be heard during the day.

On Easter Sunday masses will be held at usual times, with the first service beginning at 8 am.

CONSOLATA SHRINE, WESTLANDS On Good Friday, Consolata Shrine will have a session titled “Passionate Love” led by Father Ottone Cantore. Here, the faithful will reflect on the meaning of the death and resurrection of Christ.

Thereafter, the Way of the Cross will be animated by the youth at 11.30 am. A special film, related to the Easter holiday will be screened from 1 pm to 2.30 pm then a solemn celebration of the Passion of Christ will be held. Confessions will be

heard from 9 am to 2.30 pm.

Saturday, at 7 pm will mark the beginning of the Easter Vigil, there will be Confession starting from 9 am to 12 pm and another from 5 pm to 6.45 pm.

On Sunday, the first Mass (Kiswahili) will be at 7: 30am then English Masses will be held at 9:00am, 10.30, noon and 5.30 pm.

And on Easter Monday three Masses will be held, two in the morning hours and one in the evening.

Traditionally, the Catholic Church will mark the crucifixion of Christ on Good Friday - an event that will get worshippers in a sombre mood. However, come Sunday, the service will be colourful as the

faithful mark the resurrection of Christ.

week with an Easterfest which took place on Palm Sunday being the highlight.

ANGLICAN EASTER CELEBRATIONS

Good Friday

The Easter weekend is capped in style the world over, being the zenith of the Holy week where Christ overcomes death. Christians are eager to end it with flair.

The All Saints Cathedral being the mother of The Anglican Church in Kenya has planned various activities aimed at summing up the message of Easter which is Christ’s triumph over death on the cross. Already, the cathedral has seen a busy Holy

Congregants will attend any of the three services during the day. The first service will be at 7am, the second at 10am and the third at 3pm. Holy Communion will be given with readings focusing on the Passion of Christ.

The storyline will be told by different commentators during each service. Each will narrate a particular event leading to Jesus’ death, crucifixion, resurrection and ascension to Heaven.

Easter weekend is here. Christians are bubbly and seek to sit back and reflect upon their Saviour’s triumph over death. They need a funky vibe edged towards joy. In music they will find this liberating feel.

Everfound, an album by a Christian rock band going by the same name drives you into a funky spiritual zone that is revealing and introspective. When you listen to never beyond repair (track no 4) the lyrics will sum up Easter and you will strum your imaginary guitar and rock with spiritual zeal.

At the foot of the cross is a compilation on songs about the resurrection, Lakewood church choir partners with Israel Houghton and Cindy Ratcliff to produce a divine song titled He lives. The song is bound to put you in praise mode. Popular group Hillsong united is also

featured in the compilation.

Those hitting the gym this long weekend aren’t left out. They need beats to nod to. Here is where electronic music comes in, it’s fast, groovy and will get you burning those calories.

Dreamlab club revival is set to get your feet tapping. Techno lovers too can pick up a copy of Sonic praise, here I am to worship.

Classical music enthusiasts can sample All Souls Orchestra who compose exceptional praise songs.

Movie junkies have the rare chance to listen to tracks from blockbusters on the life of Christ. All the songs from the Son of God movie are compiled in their entirety. Songs from the Hollywood produced The Bible are also available.

Then there’s the good old hymns, sung for ages reflecting a Christian’s utmost desire to lift up the Lord’s name. Timeless hymns such

Sunday After the usual service, the church will host a praise festival from 4pm to 6pm.

SEVENTH DAY ADVENTIST (SDA)

Catholic faithful take part in the Way of the Cross ceremony .

FILE

Easter Sunday On Sunday, the normal church programme will resume with 14 services taking place. The children, teens, youth and adults will troop back to their respective services.

EASTER MESSAGE BY ALL SAINTS CATHEDRAL

Music to uplift you≥ spi≥its ove≥ Easte≥

BY WAINAINA WAMBU

Catholic faithful take part in the Way of the Cross ceremony, which symbolises the final journey of Jesus Christ before he was crucified, during a Good Friday service at the Holy Family Basilica last year. FILE

WHERE TO BUY Tune- Inn, Yaya Centre Nakumatt branches countrywide

American gospel singer William McDowell performs in a worship concert.

FILE

as Blessed Assurance and Amazing Grace will remind you of your schooldays; singing from a Golden Bells hymnal. The hymn makers offer a rare chance to dust off your Golden Bells.

Family Radio 316 will play gospel hits for three hours on the weekend starting from 11 O’clock in the morning. They will sample 20 of the most listened to songs in the world. Folks, music is everywhere and all resonate well with the passion of Christ.

Faithful who listen to Hiphop can get Lecrae’s anomaly. The album, released last year, rippled the music scene debuting at No.1 on the Top Gospel charts.

But just where can one find Christian music cutting across all genres? I ventured into Tune-Inn at Yaya centre and found the answer to my question.

The place is packed with Albums - clear, the shop is well lit, and plays soft but arresting gospel tunes. iPads and headphones are placed strategically on the walls enabling one to sample the music before they buy. There’s an Easter offer for a special thematic album and they will pay for your parking if you spend more than Sh900.

This week Paul Beloche’s Same Love is on offer, setting the Easter mood. Prices are slashed by almost half and you get a complimentary gift for every purchase. wwambu@ke.nationmedia.com

The church will not hold special Easter celebrations. Each quarter, the SDA church partakes of the holy Eucharist which is sharing of the body and blood of Christ. This Sabbath, the church will conduct the Eucharist though it was already celebrated during the first quarter of the year.

The SDA Nairobi Central Church first service starts at 8.15am and the main at 10.15am.

PRESBYTERIAN CHURCH OF EAST AFRICA (PCEA)

The Provost urges for introspection among Christians, urging them to serve others more, overcome challenges and death just as their saviour did and to above all “lay their lives for others.”

“It is a period to reflect on who Christ is and on what it means to be Christian,” he said.

The church service will be run on the customary schedule. However, St Andrews Church (PCEA) on University Way in Nairobi will hold special Easter songs to celebrate the day for congregants during the Sunday mass like it has done over the years. The church has three services which take place at hourly intervals starting from 8am in the morning with the last service beginning at 11am.

ACK ST MARK’S WESTLANDS

CITAM (FORMERLY NPC)

On Good Friday, the church will open its doors early. The first service will be at 7:30 am and the second will be at 11am. The services will focus on the Gospels with special attention to Jesus’ tribulations and eventual victory. However, Holy Communion won’t be served.

On a visit to Nairobi Anglican Church Diocese headquarters which are based at St. Mark’s parish in Westlands, Jane Mwangangi, the vicar, speaking for the Bishop, Reverend Joel Waweru said churches in the diocese are expected to follow the normal church routine during the whole Easter season.

The church will not be holding any special events during the Easter weekend, however, they will have a single service from 10am to 12 am on Sunday.

Saturday Saturday no activity will be at the church, congregants will shift attention to their families.

Easter Sunday

MAVUNO CHURCH According to Pastor David Kuria, Mavuno Church will be hosting Undeserving Concert to take place on the morning of Easter Sunday at Hill City Campus, Athi River. It will feature music, drama and dance. Popular gospel musicians Atemi and Neema will keep the worshippers entertained.

Compiled By: Annie Njanja, Doreen Wainainah, Evelyne Situma, Mwikali Lati, Edwin Mbuthia, Wainaina Wambu

10

BDLIFE | Friday April 3, 2015

BDLIFE: LUXURY

Why Emma doesn’t mind being cove≥ed in g≥apes F≥om a t≥ainee, she is today among a g≥owing g≥oup of women winemake≥s

BY SUSAN LINNEE

W

hen Emma Nderitu picked up five copies of her CV and headed off to the Naivasha Horticultural Fair in 2008, she hadn’t yet received her bachelor of science degree in biochemistry and molecular biology from Jomo Kenyatta University of Agriculture and Technology, but she knew she needed to begin the job search.

“I didn’t really know what I was looking for,” she said, “but then I saw the Leleshwa stand and decided to ask what they did.”

The person who answered her questions was James Farquharson, a young South African who had arrived in Naivasha a year earlier tasked with turning several dozen hectares of grape vines on Morendat farm into a modern, professional vineyard.

Male-dominated The conversation with the winemaker who developed Leleshwa’s signature crisp, grassy sauvignon blanc led to an offer to become a trainee at the nearby Rift Valley Winery, a subsidiary of the Kenya Nut Company.

“James’ first words to me as a boss were, ‘be ready to get dirty and wet, to be covered in grapes and to work long hours,’” said the

“The most ≥ewa≥ding aspect of wine-making is that you get to c≥eate a whole new p≥oduct.

You allow the vines to exp≥ess themselves in a bottle, and the≥e is a di≠e≥ent sto≥y eve≥y yea≥.”

Emma Nderitu

ditionally been limited to the extreme south and the extreme north of the continent, women winemakers can probably be counted on the fingers of two hands.

As she plucks a recently harvested bunch of sauvignon blanc grapes from a plastic crate, Emma says that in addition to requiring a knowledge of biological sciences and scientific method, winemaking also involves a lot of hard, physical work which she says is not always obvious to someone not in the profession.

The 2015 harvest of the sauvignon blanc and chenin blanc grapes was completed in early March, and the sweetish “must” or fermenting grape juice needs to be regularly tested—and tasted.

Equator

PHOTO /MARGUERITE GARLING

29-year-old whose family in Nyeri did not drink alcohol.

Five years later, Emma Nderitu belongs to a small but slowly growing group of women who make wine in what has, for centuries, been a male-dominated profession that combines science, art and no small degree of magic.

In Africa, where winemaking has tra-

“Climbing up and down the high tanks where the wine is fermenting is a near daily requirement as we take samples to ensure the wine’s integrity,” she said. “I’m always in jeans but I’m very happy to wear my skirt suits when I go to management meetings.”

Harvesting the red shiraz and merlot grapes took place in the second half of March. Cabernet sauvignon grapes are grown as well in the 20-hectare vineyard but are only used to make rose wine. The young winemaker says plans are underway to plant another 30 hectares this year and to add the South African origin pinotage grapes as well.

Because the winery is one of the few located on the Equator, two harvests a year are possible from the high-altitude vines that grow at between 1,900 and 2,100 metres above sea level. But Emma says the prefer-

Wine being served at the Leleshwa Winery. FILE

ence now is to have just one harvest to make sure the grapes are at their best since grapes from a second harvest may not be as good.

Kenya Nut Company’s marketing manager Wairimu Kimani said the winery’s production reached 80,000 bottles in 2013 and 2014, and 150,000 bottles were expected from the 2015 harvest.

Kenyan brand

Emma Nderitu crafting a barrel at the winery. FILE

“We are a Kenyan brand true to Kenyan tastes,” she said. “The average Kenyan has quite a sweet tooth, which is the reason for Sweet Red, the latest addition to our wine portfolio.”

Emma, who started out at Rift Valley Winery as a trainee in 2009 before graduation, first tried wine as a student when she and her friends experimented with KWAL’s papaya wine which they found “intriguing” and then moved on to the Spanish red blend Baron de Vals. She moved up the ladder—literally—to become assistant wine manager and then winery manager—or winemaker— as the position is known internationally.

Although her family did not drink wine when she began at RVW, she said she is now expected to show up at home “with some bottles of Leleshwa.”

Varieties Below: Emma with Nakuru Governor Kinuthia Mbugua when he visited the winery recently.

COURTESY OF KENYA NUT CO

Emma samples white wine at the farm. FILE

“Actually, a list of preferred varieties is sent to me, and we enjoy the wine at family lunches and dinners,” she says.

In the beginning, she says, “the aspect of serious wine-drinking and professional wine-making were obviously very new to me, and as such, I have had to broaden my palate and regularly consume different wines and appreciate that every region has a distinct and lovely character to offer.”

She has been to South African vineyards twice for training, and her plan is to expand her wine- making knowledge by participating in harvests in the Northern Hemisphere which take place in late September and October.

“The most rewarding aspect of winemaking is that you get to create a whole new product,” she says. “You allow the vines to express themselves in a bottle, and there is a different story every year.”

Friday April 3, 2015 | BDLIFE

11

BDLIFE: HEALTH

Eyeline≥ too close to the eye leads to contamination Antihistamines are best for food allergies. FILE

BY MADELINE KENNEDY

E

Th≥ee ways to manage alle≥gies Shots are effective for seasonal allergies.

FILE

Always see a docto≥ fo≥ the best solution to whateve≥ you may be ≥eacting to

W

hether you get skin rashes, itchy eyes, wheezy airways, or a runny nose, an allergic response is no fun, and is sometimes dangerous. Do you know how to identify your allergic symptoms, pinpoint your triggers, distinguish between intolerance and allergy, and choose the best treatment for your particular type of allergy?

Allergies can cause great misery. Luckily, there are options to help manage symptoms and continue doing the things you enjoy. The goal is to find the treatment that best suits your allergies, your lifestyle, and your wallet.

Here are three of the most common ways to find relief from allergy symptoms.

tion. Short-term use of decongestants usually provides good symptom relief and can make you feel better quickly. But some decongestants can increase your heart rate and blood pressure and keep you awake at night. These medications can worsen prostate problems and glaucoma. If you have existing health problems, particularly a heart condition, be sure to get your doctor’s advice before taking a decongestant. Regular use of decongestant nasal sprays can cause irreparable damage to the lining of the nose, so be sure to follow the directions exactly. Don’t use these too often, or for many days at a time.

Allergy shots

Decongestants

Allergy shots can help reduce sensitivity to the triggers that set off your allergies.

This therapy involves injecting small and increasing amounts of allergens (substances that cause allergic reactions) over regular intervals. Typically, this means weekly injections with increasing doses for three to six months and then monthly injections for three to five years.

The treatment can be very effective for seasonal allergies that cause sneezing, nasal congestion, and itchy and swollen eyes. Allergy shots are almost always recommended for life-threatening allergies to stinging insects, and may help in the treatment of allergic asthma. Right now, allergy shots are not used to treat food allergies. The biggest drawback to this treatment is the risk of a potentially serious allergic reaction from the shot itself. Improvements in allergy extracts and dosing schedules have reduced this risk to what researchers estimate is about 1 per cent of all allergy shots.

Decongestants help relieve the stuffy, blocked-nose symptoms of nasal conges-

-Reuters

Antihistamines These medications are the mainstay for treating the sneezing, runny nose, and itchy eyes that come with allergies. Antihistamines also relieve hives and other symptoms of some food allergies.

Many people who suffer from hay fever (seasonal allergic rhinitis) are familiar with the older antihistamines such as diphenhydramine and chlorpheniramine. While these drugs work well, they leave many people feeling groggy, sleepy, or just “out of it.” Thankfully, the newer generation of antihistamines, including cetirizine (Zyrtec), desloratadine (Clarinex), fexofenadine (Allegra), and loratadine (Claritin), are far less likely to cause drowsiness at recommended doses. Their effects are also longer-lasting, so usually you need to take them only once a day instead of every four to six hours.

yeliner applied on the inside of the lash line is very likely to move into the eye itself and cause symptoms, according to a small study that captured migrating make-up on video.

Eye doctors often see patients coming into clinics with eyeliner residue stuck to contact lenses or trapped in the coating over their eyes called the tear film, said Alison Ng, a postdoctoral fellow at the University of Waterloo in Canada.

“We wanted to look at how differently eyeliner migrated into the tear film when applied in two different ways: inside the lash line and outside of the lash line,” Ng said.

Ng and her colleagues recruited three female subjects from the School of Optometry and Vision Sciences at Cardiff University in Wales. The participants were between ages 26 and 30 and had no known eye conditions.

The volunteers were assigned to one of two groups, those applying eyeliner inside the lash line, close to the eye, and those applying eyeliner to the skin outside of the lash line, further from the eye. They returned the next day and received eyeliner in the opposite location. The researchers took video of each participant’s eyes five to 10 minutes after applying make-up and counted how many particles of eyeliner moved into the eye. They found that between 15 and 30 per cent more particles moved into the eye when eyeliner was applied to the inside of the lash line. The make-up also moved more quickly into the eye when eyeliner was applied inside the lash line.

A second round of videotaping two hours after applying the make-up showed there was little to no eyeliner remaining in the tear film.

Ng’s team writes in Eye and Contact Lens that theirs is the first study to prove that particles from pencil eyeliner move into the eye.

This pilot study used a glitter eyeliner pencil to more easily spot the particles, but Dr. Joseph Ciolino, a physician at Massachusetts Eye and Ear Infirmary, said the results can likely be applied to a range of different products.

Eye disease . FILE

12

BDLIFE | Friday April 3, 2015

BDLIFE: CULTURE AND THE ARTS ART

CULTURE

Tidal wave of activity hits the Nai≥obi a≥t scene

Meat kebab spiced with masala and grilled chicken.

PHOTOS COURTESY OF MARGARETTA WA GACHERU.

Food festival opens in Lamu this weekend Tofee made of milk,sugar mixed with cardamon.

A bowl of bhajia

BY MARGARETTA WA GACHERU

O

ver the Easter weekend, the one place that will offer a rich and diverse cultural and culinary experience is Lamu Island where the first Food Expo and Festival Friday opens this morning and runs through to Monday evening.

In keeping with Lamu County Governor Issa Timamy’s commitment to making the county’s second largest island ‘The Island of Festivals’, the Food Expo and Festival will follow on from the previous events that have already taken place successfully this year.

Swahili foods These include the Lamu Cultural Festival, Maulid Festival, Lamu Painters Festival, Lamu Yoga Festival and now the first Food Festival which will feature not only Kenya’s most famous Swahili foods such as bhajia, samosa, pilau and chapati, all of which derive from the Indian subcontinent, brought by Asian migrant workers and traders since the late 19th century.

There will also be a wide variety of other traditional Swahili foods coming from various indigenous communities such as the Bajun and Boni or Aweer among others.

There will also be tasty sweets available at the Expo, at many of the food vendors’ stands and even coming out of the cooking classes that will be held throughout the weekend.

They will include Mai a Ngamba originally from Lamu, Malalande from Matondoni, Vyakula vya Mkono from Shela, and many more.

Organised by the Lamu County Government in partnership with the National Museums of Kenya, the Kenya Red Cross and various other local groups, the Lamu Food Expo and Festival will take place all the way from the Lamu Fort and the Swahili

There will be plenty of samosas at the Food Expo and Festival.

House Museum to Matondoni and Shela villages to the open sea where there will be a fishing competition on Sunday, March 5th.

Cooking classes The first day of the festival will launch the Food Expo which will run all four days in Mkunguni; but there will also be several several Swahili cooking classes in Shela, a Swahili Kitchen show at Lamu Museum and a StrEAT Bazaar where outdoor food vendors will set up shop along the seafront from 6:30pm until 10pm every night.

Saturday will be jam packed with culinary activities including a food investors’ forum at the Mwana Arafa Hall, more Swahili cooking classes including a cooking competition from 4-6pm with an awards ceremony taking place in the evening following the Festival’s official opening at the Lamu Fort. Lamu’s leading musicians, Zein L’Abdn will perform with his band into the night.

Then on Sunday, the Fishing Competition will start early with the biggest fish earning their fishermen awards in the late afternoon.

There will also be food tours around the island, more cooking classes, food displays and a live cooking show from 5pm over which one of the leading Swahili chefs, Chef Ali Mandhry will preside.

Finally, on the last day there will be the annual Donkey Pageant at the sea front where ‘Mr and Mrs Donkey’ will be selected from the most attractive donkeys in Lamu town. The Food Expo and Display will continue to late afternoon before concluding until 2016.

New galle≥y opening and stunning dive≥sity of wo≥ks by young a≥tists global recognition. First off, a brand new art gallery was born last week when Circle Art Gallery opened its inaugural showcase feahere was a tidal wave of artistic turing the art of 20 amazing young East activity that swooped into African artists.

Nairobi over this past The diversity of their work was stunning in itself since multimedia week which reflects a qualitative shift in aesthetic sensibiliis too meager a term to embrace all ties; so much so that one can’t that was displayed in a show entihelp feeling this city will never tled ‘Concerning the Internal.” be the same.

There were some oil or acrylPart of the tsunami-like wave ic paintings (Zihan Kassam, El relates to the fact that there were Tayeb, Sibylla Martin, Souad Abno less than three major exhidel Rasoul and Dawit Abebe); but virtually all the painters used adbition openings over that span ditional media, be it pastel, charof time. coal (Beatrice Wanjiku), crayon, What’s more, none were ordiink, inkjet (Paul Onditi) or thread nary or incidental openings. All were of historical significance; that (Kerttu Maukonen). is if one takes contemporary East AfThen there was installation art rican art seriously enough to (Wambui Kamiru and Miriam Elkana Ong’esa’s Rocky see there’s an eruption of creaSyowia Kyambi), video art tive expression that deserves Mask in Kisii Black Granite (Jackie Karuti, Ato Malindi, Rehema Chachage, Wanja Kimani national, regional and even

BY MARGARETTA WA GACHERU

T

MUSIC

Enjoy Bach’s classical

BY BILLY ODIDI

T

his weekend, Christians remember Christ’s suffering on the Cross and his resurrection three days later. When it comes to the music for events in the Christian calendar, Easter is largely overshadowed by the songs performed during the other significant festival, Christmas.

However, some of the greatest classical music compositions that are performed from tiny community halls to the world’s leading concert venues, capture the spirit of Easter and tell the story of the death and resurrection of Christ.

Music at Easter is beautiful, both in and out of church.

Nativity George Frideric Handel’s “Messiah” with its affirmation that “our redeemer liveth” has traditionally been played at Easter since its first performance in 1742.

Today, this emotional and uplifting work whose storyline focuses on the nativity, the crucifixion and the resurrection has also become a fixture of the Christmas season and is at the

ABOUT J.S BACH Composer of the Baroque age of classical music The St Matthew Passion is a masterpiece first performed during Good Friday in 1727 Bach divided the music into two: The Last Supper and betrayal of Jesus The trial, crucifixion and burial of Jesus Johann Sebastian Bach (aged 61) in a portrait by Elias Gottlob Haussmann, copy or second version of his 1746 canvas.

PHOTO WIKIPEDIA

heart of the repertoire for many choirs.

Of the three parts of Handel’s piece, it is the second and third parts that are particularly relevant to Easter as they cover the Passion, death, resurrection, and ascension of the Messiah.

Friday April 3, 2015 | BDLIFE

13

CULTURE AND THE ARTS: BDLIFE

cased in the Nairobi Gallery ours and wasn’t disappointed with her show. various ‘Views of JeruHaving just come from his salem’. But I hadn’t anfourth ‘African Stones Talk’ ticipated her wonderSculpture Symposium in Kisii, PHOTO BY MARGARETTA he took this opportunity to highful woodcuts and silklight some of the most portable screen prints, particuWA GACHERU stone sculptures produced by larly the one in which international artists who came she superimposed all her miniature portraits of Midto Kenya specifically to attend dle Eastern peoples on top of a Elkana’s symposium. giant map of Israel.

Thanks to Elkana’s efforts But I confess it was her col(assisted by Murumbi Trust’s ourful abstract expressionist Alan Donovan) to highlight paintings, most of which she’d the artistry of other African conceived upon her return to sculptors, the Gallery currentKenya from the Middle East that ly boasts of new monumental captured my gaze and convinced works that grace the front enExpedito me she is not only a water trance of the Gallery as well as colourist but a marvelously Mwebe’s imits interior.

What makes the Nairobi art age framed in- multi-talented artist. scene so vibrant currently is that The same Sunday that side one of his it’s not just the diversity of meSophie’s show opened, Naihand-carved dia and subject matter but also wood frames. robi Gallery’s ‘Two Geniuses’ of East African art opened, the fact that both relatively new PHOTO BY MARGARETTA featuring the sculptures and well-established artists are on display.

WA GACHERU of not just two but several Nairobi Gallery’s appreciasculptors. ‘‘Respectful Woman’’ by tion of pioneering artists contrasts The two are, of course, with Circle’s showcasing of surprisMaral Bolouri Elkana Ong’esa and Expedito ing new or less exposed artists who Mwebe, both of whom were are also bound to make waves both much admired by the late Meanwhile, OneOff Gallery opened a one- Joseph Murumbi and his wife Sheila whose locally and globally. Some are already doing so woman exhibition last Sunday entitled ‘A Walk memorabilia fills most of Nairobi Gallery. to the credit of Kenya.

Through Jerusalem’ including a wide range of In addition to seeing their artwork inside the Finally, last Saturday, Banana Hill Art Gallery styles, media and techniques by Sophie Wal- gallery, Expedito’s son Michelangelo Mwebe’s quietly opened a new exhibition of two Ugandan beoffe. wood relief panels are on display rivalling his artists, Godfrey SSeguijja and Ronald Kerango What made Sophie’s show special for me were father’s own panels. entitled ‘Beauty in Hope’. two factors. One was the way OneOff doubled In addition to their panels, father and son its gallery space by opening up a portion of its have produced miniature artworks such as caremargaretta.gacheru@gmail.com stables enabling us to see the awesome artistry fully carved combs and ornamental frames. of Sophie.

Elkana also insisted on not being the only I’d anticipated seeing her lovely watercol- ‘genius’ whose Kisii stone sculptures are showSophie Walbeoffe’s ‘‘Jerusalemites’’ atop map of Israel

‘‘Unseen Bridge’’ by Paul Onditi ALL PHOTOS BY MARGARETTA WA GACHERU

and Diana Kamara) and sculpture (Naomi Wanjiku Gakunga). Plus, the techniques used ranged from photography (Xavier Verhoest) and photocopy (Maral Bolouri) to engraving (Delphine Buysse), wood cut (Ephrem Solomon) and weaving (Gakunga).

But what was just as stunning as the artworks was the elegant look of the new Gallery with its pearly white simplicity and surprisingly expansive use of space.

Easte≥ compositions Bach’s compositions combine man’s humanity with God’s divinity.

The German first wrote the Passions for Good Friday in the churches in the town of Leipzig where he worked for the last 27 years of his life.

He took the text for St John’s Gospel in 1724 then came the second piece based on St Matthew, which was first performed on Good Friday, 1727.

The Passion is used to describe the suffering of Jesus between the night of the Last Supper and his death on the cross. Many composers in the 18th century, including Handel, set the story of the Passion to music but it is Bach whose works on Christ’s final days, are best known.

Sacred pieces

The composer whose work is most associated with Easter is Johann Sebastian Bach, with his moving compositions, St Matthew Passion and St John Passion. With musical and dramatic beauty,

A devout member of the Lutheran Church, Bach mastered the organ and the violin in his childhood and joined a choir by the age of 15. He had a burning love for his Lord, and composed many sacred pieces, well over 200 cantatas, several motets, five masses, three oratorios and four settings of the Passion, while employed in the

church as a cantor.

Although music historians agree that Bach composed the score for a Passion of St Mark that has never been found, while the existence of another based on St Luke is just a matter of speculation.

Two Passions When Bach died in 1750, his music sunk into oblivion until it was revived by another composer, Felix Mendelssohn, who performed it in Berlin in 1829. The St Matthew Passion is widely acclaimed by musicians and laymen as the greater work of the two Passions and is a vital and meaningful component of Easter for many people.

It is a setting of the story of the Lord’s passion, in the language of St. Matthew, taken from Chapters 26 and 27 of his Gospel.

The piece is detailed, complex and is longer than any previous work of its kind, written for two choruses, two orchestras and an extra group of sopranos for the opening chorus.

In Bach’s time, a total of 17 singers gave the first performance of this music; there were 28 instrumentalists in his orchestra, including an organist and a man playing the harpsichord.

Recitals The text of the Gospel itself is sung by a tenor and Christ’s words sung by a baritone accompanied by string chords. From his 17 singers, Bach chose those who did the principal roles in the sacred drama, the tenor evangelist who carries the narration along in the magnificent recitals.

In addition, there are brief passages for Judas, Peter, Caiaphas the High Priest, Pontius Pilate and his wife, the two maids who join in accusing Peter, plus two priests and two witnesses.

Opera Due to the dramatic flair of St Matthew Passion, it has been described as the “greatest opera Bach never wrote.” Opera had been treated with open hostility in Germany during the period when Bach wrote the Passions and he was under instruction from his employers not to produce compositions that are “theatrical in nature.”

His great compositions, which will be played and performed in many parts of the world during this Easter, are proof that Bach disregarded those instructions and instead produced powerfully dramatic works.

14

BDLIFE | Friday April 3, 2015

BDLIFE: EAT OUT

J’s F≥esh Ba≥ and Kitchen pulling in the c≥owds

BY MARYANNE NJOROGE

P

erched on the side of Ngong Road in Karen is the casual home of J’s Fresh Bar and Kitchen. Upon entering the space, you feel as though you’ve stepped into a warm and upmarket living room that opens up to the host’s well stocked bar and state-of-the-art kitchen. But with a host like Julian Nicholls, co-owner and head chef, t comes as no surprise that this place is fast becoming the talk of foodie town. “I like to cook what I like to eat” says Julian, and keeping things simple, fresh and delicious is certainly what he’s achieved here.

Quirky and Refreshing Reflective of the space’s unconventional size and layout are their unique and irresistible cocktails (price range: Sh600 – Sh650). We kicked off our visit with the popular Austin Powers cocktail and the Rhubarb Gimlet. The Austin Powers is a light green concoction of basil, vodka, lemon and pineapple juice. It is the number one choice of many patrons and with its refreshing balance of flavours—and the fact that it’s not too sweet—it’s easy to see why. The Gimlet is notable for its homemade Rhubarb syrup that tasted perfectly tart and fresh. Later on, we tried the Watermelon Mai Tai—a sweet and sour rum drink—and the Zephyr—a delightful mix of gin, apple juice, mint and cucumber.

Simple and Delicious When it came to the main event—the food— we opted to start with the J’s Sharing Platter and to follow that up with their now-famous Chuck Steak Burger. The sharing platter is a colourfully tasty and hearty dish perfect for getting a good idea of the various menu items on offer.

It comprises of: paprika olives and hummus, beetroot and goat’s cheese mezze, grilled chilli squid, scotched quailed eggs and chipolatas and fish fingers with tartar sauce. Everything

on this platter is pleasant to the tastebuds and the nicest thing about it is the variety of sauces, dips and purees that you can mix and match as you please.

Two standouts had to be the chargrilled squid—salty, smoky and chewy with bits of chilli and herb that lent well to the smokinessand the chipolatas that were crispy on the outside and perfectly juicy on the inside, their saltiness cut through by the sticky honey glaze – a perfect bite.

The Chuck Steak burger was nothing short of amazing: moist, juicy and layered—both in texture and flavour. The combination of the high quality, well-prepared patty with gherkins, sundried tomatoes, rocket, and oozing provolone cheese made for a meal that was simple in appearance but incredibly rich in flavour.

J’s Fresh bar and bistro. ALL PHOTOS COURTESY EAT OUT Their menu features hearty and delicious meat, seafood and vegetarian options that are well worth the trip.

The space is indeed small hence bookings are essential so call to 0718607197 to book. The J’s slogan is “Where Great Nights Begin.” So,

simply put, if you’re looking for a great night or even a great afternoon this weekend, you know where to go. Keep it fresh!

For the most up to date restaurant information, news, offers and events, visit www.eatout.co.ke.

NEW DRINK

Budweise≥ a≥≥ives in Kenya in style Kenyan beer lovers have a new reason to rejoice. After the wild success of Corona beers in East Africa, Viva Global has now hit the market with one of the highest selling beers in the United States: Budweiser. Dubbed ‘The King of Beers’, it was officially launched on March 25th at Sankara Nairobi’s swanky Sarabi Pool and Supper Club. Let’s just say that it might take a while for anyone who was in attendance to see red and white without wanting to go grab a cold one. It was a fun-filled afternoon with great music, delicious bitings and a lively sports quiz that saw those in attendance walk away with Budweiser

the exclusive Beechwood ageing process used, the taste and smoothness is unique only to Budweiser.

hampers.

The Bud story Budweiser was first introduced by Adolphus Busch in 1876 and is currently brewed with the best barley malt and a blend of premium hop varieties. An icon of core American values like optimism and celebration, it is bound to do well in the Kenyan market. The two-row and six-row barley malt used in the brew are nothing but the finest, hand-selected from over 2,500 American and Canadian crops. There is currently no brand produced by any other brewer which costs as much to brew and age. Given

Flavour and Price Budweiser is loved for being a medium-bodied, flavourful and crisp lager that is light on the stomach. It is currently available at various key supermarkets, hotels, lounges and restaurants, coming in glass bottles of 355ml and cans packaging of 500ml and 330ml. The retail price you ask?

Sh170. So what are you waiting for?

Grab a bud!

-Wendy Watta

AMS Group director of business development Rupen Samani with model Sein Munke during the launch Budweiser beer brand at Sankara Hotel . SALATON NJAU

PUB REVIEW

Inte≥esting wate≥ing holes a≥ound the city

BY JACKSON BIKO

BREW BISTRO LOUNGE

BALCONY BAR, KEMPINSKI

you will have a heck of a time.

ost people will leave town this weekend. Good. Let them go.

You will remain in town to keep the lights on. Depending on what you are looking for, you will be pleased to learn that you have lots of options for a night on the tiles here in Nairobi.

The energy is palpable here. You can have draft beer brewed in their premises. Saturday will be a massive night. If you have a group and they want to see a bit of Nairobi nightlife, well, take them here. They will not forget Brew in a rush.

There will most definitely be a jazz band or the other playing there on Friday. This is for the more chilled crowd.

Those guys who want to have long conversations and listen to unobtrusive music. You can walk out into the balcony and smoke. There is lots of parking as well.

MERCURY LOUNGE

EXPLORER TAVERN

1824

Go on Good Friday. It’s the party day at this popular pub. It’s the usual urban mature crowd. There will certainly be a deejay, maybe even a promotion on some single-malt whisky. There is more seating outside. And in the gardens.

They paved that horribly rutted road that used lead to the bar, now it’s allsmooth and you can park there. Have great whisky at a small price.

It’s in Langata. Go on Sunday, they have this thing called the Sunday School where deejay Andre The Addiction (he is) will spin some good old school music, taking you right back to the 80’s and 90’s.

The place will be jam-packed given that that’s one of their busiest nights.

You might not get a seat, but you won’t notice. Order their pork.

M

QUE PASA, KAREN You will probably find it packed by the time you pitch up. Beer drinking crowd mostly, which means it will get loud and fun. You will not find a seat, so you will join the rest in gathering right before the bar. Great place to make friends if you are the friendly type.

HARLEQUINS SPORTS BAR Rugby crowd mostly. Beer crowd.

Que Pasa bar and bistro. FILE Loud. Everybody seems to know everybody. If you love sports and sportsmen and fans, then this is your place. You will meet folk you haven’t seen in a while. And

That will be ABC Place one. Something about this place. It’s a place you should pass by after midnight, your last stop. It kicks like cow bitten by tsetse fly. It’s got an electric energy and the pricing for whiskies isn’t bad. You can also check out the new Mercury at Urban Eatery, the new funky joint at Delta Corner, PWC Tower. It’s a fresh concept that incorporates food and drinks in an unbeatable environment. Order for their new high-end Chivas Regal. Tell us what you think.

So there you have it. Otherwise you should play it by the ear. And avoid Alcoblow, use a cab, nothing can mess up your long weekend more than being arrested and charged an exorbitant amount.

Friday April 3, 2015 | BDLIFE

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BDLIFE: MIND GAMES QUICK CROSSWORD ACROSS 1 Begin (8) 7 Speechify (5) 8 Pen-name (9) 9 Drunkard (3) 10 Way out (4) 11 Extinguish (6) 13 Look at (6) 14 Coarse (6) 17 Lacking (6) 18 Slight (4) 20 Regret (3) 22 Villain (9) 23 Excel (5) 24 Cabbage salad (8)

1

2

1104 3

4

224

WORD WHEEL

Insert the missing letter to complete an eight-letter word reading clockwise or anti-clockwise.

6

8 9 10

11 12

13

14

15

16 17

18

20

19

CODEWORD

21

3178

Each number in our Codeword grid represents a different letter of the alphabet. For example, if 18 represents “C,” fill in C every time the figure 18 appears. You have two letters in the control grid to start you off. Enter them in the appropriate squares in the main grid, then use your

22 23 24

TIMES CROSSWORD

knowledge of words to work out which letters should go in the missing squares. As you get the letters, fill in other squares with the same number in the main grid and control grid. Check off the list of alphabetical letters as you identify them. SOLUTION appears in Business Daily on Monday.

24,036

WORD BUILDER

526

How many words of three or more letters, including plurals, can you make from the five letters, using each letter only once? No foreign words or ones beginning with a capital are allowed. There’s at least one five-letter word. Good = 16; Excellent = 22; Amazing = 29

ACROSS 1 Fail as teacher, having caused upset in a little child (10) 6 Numerical information not much taken the wrong way (4) 10 Libertine academic joining univer-sity in first month (3,4) 11 No longer burning, not even warm?

That’s senseless (3,4) 12 Stride proudly around shopping centre, making casual conversation (5,4) 13 Lead, say, a number of Romans and others must follow (5) 14 Chap fooling around has to confess after

512

7

DOWN 1 Coppice (5) 2 Encounter (7) 3 Whirlpool (4) 4 Agree (6) 5 Severe (5) 6 Climate (7) 7 Portentous (7) 12 Condition (7) 13 Censure (7) 15 Common (7) 16 Japanese robe (6) 17 God (5) 19 Under (5) 21 Formerly (4)

5

SUDOKU

class (5) 15 Elaborate formal speeches from bishops and others? (3,6) 17 European designer excited and ready for action (9) 20 Port that’s good — very good — passed to the left (5) 21 One way to inflict wound on bird (5) 23 One part of speech in row showing where our Parliament stands (9) 25 Man returned by four in Mediterranean city (3,4) 26 Holiday maker travelling to old place is first out of train (7) 27 Having a jack and

a queen, opened tentatively? (4) 28 Influential position in unusual case detective’s beginning in French city (10)

DOWN 1 Married princess to son of old king (5) 2 Perform, as diva, comic opera in part of Asia (9) 3 Grammatical error commonly made? No, never (6,8) 4 Sails south to test what way the wind blows (7) 5 Understood it includes 50 imple-ments in a collection (7) 7 A small piece of poetry

in prepara-tion (5) 8 Land redistributed, you heard, in East and South of Spain (9) 9 Displaying temper in place one fre-quents(8,6) 14 She died tragically, having abused pectoral area (9) 16 I cannot go, unfortunately — that causes widespread illfeeling (9) 18 Competes hard in run in Cornish town (7) 19 In nationwide vote, elected dedicated person (7) 22 Escorted by parents, left island capital (5) 24 One part of litter queen dropped in pool (5)

TRIO

510

These four words can be completed using the same three-letter sequence. Can you find it?

YESTERDAY’S SOLUTIONS SOLUTION FOR TIMES CROSSWORD AT LEFT YESTERDAY’S SUDOKU AT RIGHT SOLUTIONS FOR QUICK CROSSWORD. WORD WHEEL, CODEWORD, WORD BUILDER AND TRIO WILL APPEAR IN BUSINESS DAILY ON MONDAY

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BDLIFE | Friday April 3, 2015

BDLIFE: WEEKLY PLANNER WHAT’S ON THIS WEEK Art Easter Party 2015: Diani Beach Art Gallery, April 4th. We are very excited to welcome acclaimed artist Onyis Martin who will be painting live at the party.

Art Exhibition: Concerning the Internal: Circle Art Agency, until April 9th. Featuring works by Delphine Buysse, Miriam Syowia Kyambi, Jackie Karuti, Xavier Verhoest, Souad Abdel Rasoul and more.ouples break up.

Shags: Life There ni Poa: The Village Market, until April 13th . An art exhibition by The Little Art Gallery featuring Patrick Kinuthia, Fred Abuga, James Njoroge.

Photography Eye See Africa: The Shifteye Gallery, April 4th. The opening of Nikon- Eye see Africa at Shifteye Gallery in Hurlingham, Nairobi Kenya.

Theatre Erick Omondi Untamed 4: Safari Park Hotel & Casino, April 4th, 7pm.

This Easter Saturday at Safari Park Hotel Erick Omondi is untamed.

Don’t Let Me Go: Alliance Française, Nairobi, until April 19th. In this hilarious comedy of riotous marital misunderstandings, a couple attempts to flee the country.

Open Mic Nite: The Blues Restaurant, Fridays. Every Friday night there is an awesome Open Mic Nite at Blues Bar, Hurlingham…it’s a lot of fun. Also eat cheap burgers, ribs and Tusker.

Kenya Kona Comic Sundays: Club Hypnotica, Sundays. Featuring seasoned comics like Dr. King’ori, Zuleka, YY, Oyoo, Moch Mpienga, the Bad’d boys of Kenya Kona and many more.

Dance Detour Friday Night Dance: Southern Sun Mayfair, Fridays. You’ve seen guys dancing to Latin music before... you’ve wished you could do it just like them....well you can!

Viva Espana Salsa Night: Artcaffe Restaurant - The Oval. Fridays Artcaffe Oval invites you to enjoy an evening of Spanish music, cocktails and dancing every Friday between 9pm and Midnight.

Zumba Fitness: Sarabi Pool and Supper Club, Saturdays. Sankara Nairobi presents a zumba fitness experience to remember with PJ every alternate Saturday.

Capoeira Angola Classes: Y.M.C.A Kenya - Central Branch, Every Monday and Wednesday. Capoeira Angola can be described as a martial art, dance and a cultural weapon. It’s a beautiful game played to the rhythm of percussion instruments and call response songs and a philosophy.

Hip Hop Dance Classes: ABC Place, Wednesdays. Come learn the latest moves from your favorite music videos from an instructor who used to dance with a professional hip hop dance crew in Los Angeles and

Movie Premier of the Week FAST & FURIOUS 7 Deckard Shaw seeks revenge against Dominic Toretto and his family for the death of his brother.

Genre: Action, Thriler Cast: Vin Diesel, Paul Walker, Dwayne Johnson

Chicago.

Zumba with Magic Mike: The Oshwal Sports Complex, Wednesdays.

Join Magic Mike for the most exhilarating workout of your life!

Zumba Fitness is a Latin-inspired dance workout that will help you to party yourself into shape.

Afro-Dance Workshop: The Theatre Company, Thursdays. Come learn African and Afro-diasporic (dances that have African influence found in other countries, such as Brazil, Colombia, Cuba, and Haiti) movement and rhythms every Thursday.

Festivals/Craft Fairs Stoneage Festival: Paradise Lost, April 4th. Camping, adventures, fun and games for Stoneage festival: Easter edition.

Tandawazi 2015: The Easter Edition: Safari Beach Hotel, until April 5th. Get involved with Kenya’s most exciting festival of culture; book your trip now down to Diani this Easter.

Fam Fiesta: Impala Rugby Grounds, April 5th. This Easter weekend, Nite of a Thousand Laughs brings you FamFiesta, the ultimate all inclusive family festival.

Maasai Market: Fridays at Village Market, Saturdays & Sundays at High Court Grounds; Sundays at Yaya Centre, Wednesdays at Capital Centre, Mombasa Road. The place to get

Hot Event of the Week A Village Kiddie Easter: The Village Market, April 3rd. The Village Market will be hosting kids Easter festivities on 3rd of April dubbed A Village Kiddie Easter.

Nightlife Party in the Wild V: Storms Resort & Campsite, April 4th. 3 days, 2 nights and 48 hours of non-stop music. For the fifth time around, your favorite camping and partying experience is back.

Easter Beach Party: Forty Thieves Beach Bar & Bistro, April 4th. Great Easter beach party with Mikhail Kuzi.

Easter Groove: Best Western Premier Nairobi, April 5th. Featuring: All day brunch, Easter specials on select drinks plus include Taurus events and best western logos.

beautiful sculptures, shoes, jewellery, clothes and other Kenyan crafts.

High Court Grounds Maasai Market: High Court Grounds, Wednesdays. Taking place across various locations in Nairobi, the Maasai Market is vibrant and the place to get beautiful sculptures, shoes, jewellery, clothes and a huge selection of other Kenyan crafts.

The Crafts Market: City Mall, Mombasa, Wednesdays & Thursdays.

Buy creative craft items every Wednesday and Thursday at City Mall’s main parking area.

The Junction Musical Maasai Market: 3rd floor parking, the Junction, Thursdays. For a wonderful selection of arts and crafts, wooden carvings and beadwork.

Expositions SoundFest Motor Show: Ngong Racecourse, April 4th. SoundFest pursues a vision of continually redefining what it means to have an indispensable elegant Sound in your car, come display, listen, participate & Enjoy Sound with elegance from different cars.

Auto Bazaar: All About Cars: Thika Road Mall, 12th April. The Bazaar brings together car dealers, individual sellers, enthusiasts and buyers on a common ground where sellers to showcase and sell their cars to interested buyers every second Sunday of the month.

Music Rooftop Sundowner with Ati Sanna: PAWA254, April 3rd.

PAWA254 is hosting its third rooftop sundowner.

Lele Live: Michael Joseph Centre, April 3rd. Lele Ngoma the band has put

together a live music expression of contemporary urban life.

Easter Friday Life : Distant Relatives Eco Lodge & Backpackers, April 3rd.

Kicking off with some sophisticated Flamenco and Gypsy Jazz our own Roberto J Rose will be on the acoustic guitar while we are munching on our delicious wood-fired Pizza.

The Hakuna Matata Festival Graceland: Olepolos Country Club, April 4th. The Hakuna Matata Festival is a Kenyan festival of Music with a message of peace, good vibes and no worries. Worry less, live more.

Naijanight: Sarova Whitesands Beach Resort & Spa, April 5th. Nigeria’s hottest female sensation Yemi Alade will be performing live along side Susumila, H_art the Band and Salvador will be cracking up your ribs.

Thursday Nite Live featuring Ricky Na Marafiki: Choices Pub and Restaurant, April 9th. We are proud to feature Ricky Nanjero and his band Marafiki as they celebrate their second album So Simple.

Michel Ongaro & Sentalain Band: Tamambo Village Market, April 9th.

Tamambo village market presents Michel Ongaro and sentalain band.

Sports 63rd KCB Safari Rally: Kenyatta International Conference Centre, April 3rd. A great African experience that showcases the best of rally driving in the region.

Golf Classes: Royal Nairobi Golf Club, every Saturday. Kasuku has played in several Golf Tours including the European Tour.

New Archery Range: Mamba Village Centre, Saturdays and Sundays. We are still at the Purdy Arms Hotel and Restaurant and we are opening our newest range at Mamba Village.

Roller Blading: Aga Khan Walk, every Sunday. Looking for something fun to do on Sunday afternoon? Learn how to roller blade! Join us on Sunday evening from at the Roller blading Rink at Aga Khan Walk.

Kids Events Easter Sweet Suites: Tribe Hotel, April 3rd. Offers Include: In room candy bar, cookie, decorating for kids, egg hunt, arts and craft, Easter movie night and Easter Sunday brunch.

Easter Sunday Funday: Distant Relatives Ecolodge & Backpackers, April 5th. It has become tradition here at Distant Relatives we would love to hold a big afternoon Easter party for all our friends and families.

Easter Avatar Art Workshop: The Nairobi Art Centre, until May 1st. The workshop is designed to introduce children to the world of Art & Crafts in relaxed and informal environment.

Food/Wine Happy Easter 2015: Crowne Plaza Nairobi, April 2nd-5th. Crowne plaza presents Easter packages for the family.

Lamu Food Expo and Festival: Lamu, April 3rd. The festival will feature a street food bazaar, performance from renowned musician Zein Al’Abdin.

Memories of Easter: Sarova Whitesands Beach Resort & Spa, April 3rd. Let’s take you on a culinary journey with the best of Kitchens of Sarova.

Easter Weekend Delights: Eagle’s The Steak House, Ole Sereni Hotel, April 3rd. Big Five Restaurant and Eagle Steak house at Ole-Sereni invite you to indulge in their mouthwatering food delights.

An Easter Season to Delight: Sankara, April 3rd. Have a family brunch and Easter sleepover at Sankara this Easter.

Malindi Watamu Food Contest: Malindi Museum, April 3rd- 5th. The Malindi Watamu Food contest will begin on April 3rd- 5th at the museum of Malindi.

Easter Sunday BBQ Brunch: Hilton Hotel, April 5th. Treat the whole family this Easter Sunday to a sumptuous BBQ brunch and a fun filled afternoon at the Hilton open air pool restaurant.

Easter Brunch: Lucca Restaurant, April 5th. Here is your chance to get the best Lucca experience together with your loved ones for their Easter brunch.

Special Events Adawnage Band’s Machakos Easter Tour: ACK Machakos, April 4th. Christians from all over the world will be celebrating Jesus’ miraculous resurrection and sacrifice for our lives so that we may have life in eternity.

Celebrate Easter: Thika Road Mall, April 3rd. Come and celebrate Easter with us, we will have a range of fun activities, shows and as usual get to enjoy the greatest shopping expérience!

Underwater Easter Egg Hunt: Forty Thieves Beach Bar & Bistro, April 5th.

Join us for a fun Underwater Easter Egg Hunt.

Easter Escapade: Galleria Shopping Mall, until April 6th, 8am - 10pm, 0704 498463, 020 2363063, info@galleria.co.ke, http: //www.galleria.co.ke/index.html. Shop and experience Voi Wildlife Lodge and Manyatta Camp.

Yoga Beginner’s Class: The Shine Center, daily. The beginners’ classes are designed for new students, and students who have not practiced in a while. You will learn fundamentals such as basic asana, breathing, and sequencing.

Film Furious 7 IMAX Premiere: IMAX 20th Century, April 3rd. We cordially invite you to IMAX Kenya 3rd anniversary & premiere of Furious 7.

License To Kill: Benga House-Kyuna Crescent, until May 16th. A film series inspired by the idea that individuals have the right to take charge of their life to improve their community and society for a better place.

For the most comprehensive event information in Kenya: www.kenyabuzz.com Tel: 0727 288 036