Clients to rate banks’ loans Commercial banks have begun the pilot implementation of the Annual Percentage Rate (APR) pricing mechanism, which will enable consumers to compare different bank loan costs based on standardized parameters and a common computation model.
Author: NLM writer
Was English Judge Teare a cog in the scheme? Justice Nigel Teare is revered in England. He has superintended epochal cases at home and away. He is the judge who presided over, struck out the defence and counterclaim by Kenya and entered judgment in respect of the Universal Satpace (North America) LLC vs Government of Kenya case. Kenya eventually paid sh1.4 billion in compensation, following the ruling (Claim no. 2006 Folio 881) in the High Court of Justice, Queen’s Bench Division, London, on December 20, 2013.
Part two of our extensive coverage of Government’s mishandling of the Anglo Leasing cases … The Attorneys roulette Githu and Wako strutted into the multi-billion shillings Anglo Leasing fiasco with full feather By IAN RAMAS Attorney General Githu Muigai promised to fight grand corruption. “There are many things my predecessor did that I would have done differently”, he said of Amos Wako, whose 20-year tenure couldn’t stem grand scandals.
What the various reports said Controller and Auditor-General (E.N Mwai) Some of the suppliers and financiers are not registered in the countries they have claimed to be domiciled and at the given addresses. This implies that they may not be bona fide trading/financing firms. The agreements signed with such firms may therefore be null and void.
EAC Sh11B budget Budget prioritizes consolidation of the Common Market and the move towards the Monetary Union The East African Community Council of Ministers presented Budget estimates for the Financial Year 2014/2015 totalling $124,069,695 to the East African Legislative Assembly in Arusha.
Regional lawyers, frustrated by State’s inertia in combatting terrorism, have written to President Uhuru Kenyatta. According to them, there appears a deliberate effort not to act on reports by the National Intelligence Service (NIS). “Snubbing of intelligence reports deliberately or for political reasons must be decried as human lives must come first,” the East Africa Law Society (EALS) President Mr. James Aggrey Mwamu says in his letter to Kenya’s Head of State.
Photo: PIXOLOGICSTUDIO/ISTOCKPHOTO/THINKSTOCK Signs of stress. Chronic stress causes dangerous changes to atherosclerotic plaques inside blood vessels—like the one shown here. There’s a reason people say “Calm down or you’re going to have a heart attack.” Chronic stress—such as that brought on by job, money, or relationship troubles—is suspected to increase the risk of a heart attack, according to Science magazine.
The race for global supremacy in the legal market is on, and Kenya doesn’t want to be left behind, Latest reports indicate that two of the country’s top legal companies plan a merger likely to have wide ramifications on the future of Kenya’s legal profession and practice. Hamilton Harrison&Mathews (HHM) and Oraro and Advocates Company are set to conjoin pending approval from relevant authorities, according to media reports.
Kenyan NGO stops ‘selfish’ Tanzania from driving a highway through world-renown Serengeti National Park. The Kenya-based Africa Network for Animal Welfare (ANAW) went to the regional court based in Arusha to stop the Tanzanian government from constructing a superhighway through the pristine Serengeti National Park – the home of the wildebeest. The court agreed that the development was harmful to game and the ecosystem as a whole.
Contrary to the Government statement, Parliament was to merely endorse a decision authorities had already taken two months earlier to pay the Anglo Leasing claimants. In fact, the parties had agreed as early as March 28, to settle the sum. Kenya paid Sh1.4 billion of May 19, 2014, according to a statement by Treasury.
