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The East African : Oct 6th 2014
< SICK MAN OF EA? NO! Outperfomed on growth rates, Kenya’s economy still doing well Page 19 OCTOBER 4-10,2014 theeastafrican.co.ke UGANDA SH2700 KENYA SH100 TANZANIA SH1700 RWANDA RWF900 BURUNDI BIF2000 POLITICAL FALL-OUT Mbabazi’s loud silence disarms friend and foe As battle shifts to sec≥eta≥y gene≥al’s post, fo≥me≥ p≥emie≥ ≥efuses to ≥eveal his plans, and keeps them all guessing: Is this a st≥oke of genius o≥ a foolish gamble? FULL REPORT, PAGE 17 BUSINESS SUMMIT > One-on-one with KCB’s group chief executive Joshua Oigara Page 45 No. 1040 Air Uganda pulls out after three months grounding SHOT DOWN: Ai≥line cites massive losses and ≥eputational damage By MICHAEL WAKABI The EastAfrican T he board of the struggling Air Uganda has decided not to return the national carrier to service, blaming actions by the civil aviation authority and the resultant financial and reputational damage to the business. Also thrown out was a proposed partnership that would have seen the government get equity in the airline in lieu of reviving the carrier which was liquidated 14 years ago. The EastAfrican has learnt that, barring a posi- tive outcome from high-level negotiations, the business case for Air Uganda, which was just five months short of its seventh anniversary before hell broke loose on June 17, has changed so radically over the past three months that a return to service is not viable. According to sources at both the Ministry of Works and the Uganda Civil Aviation Authority (CAA), the letter communicating this decision was delivered to Works Minister Abraham Byandala last week. FULL REPORT, PAGE 4 Medical care as a new attraction Patients who p≥eviously visited India, the US and South Af≥ica a≥e now coming to Kenya Outlook, Pages 27, 30-31 RVR: Sale could derail future Reprieve for traders as duty-free bracket is expanded Revision of Rules of O≥igin e≠ectively gives mo≥e goods unfete≥≥ed access the ≥egional ma≥ket A JOINT REPORT The EastAfrican free, by allowing the cost of delivery to be included in determining how much value has been added in a member state. E ast Africa has lowered the bar for traders to access the regional market duty- Under the revised Rules of Origin adopt- ed by East African Community ministers, finished products are required to have at least 30 per cent of the ex-works value added in the exporting member state, down from 35 per cent of the ex-factory price. Ex-works price includes distribution costs like transport and logistics to the shop yard — which increases the local input that is required for finished products to be considered community goods — while ex-factory price looks at value added on the factory floor. Such goods access the member states markets duty-free under the East African Community Common Market Protocol. This effectively opens the door for goods that previously did not qualify for unfettered access to any of the five EAC states. FULL REPORT, PAGE 10 With SGR in full gea≥, Kenya Railways plans wagon and t≥acks sale to ≥aise $41m Business, Page 43 EA’s missing luxury link The indust≥y has ≥egiste≥ed g≥eat g≥owth wo≥ldwide but ≥egion has nothing to show Magazine www.theeastafrican.co.ke OCTOBER 4-10, 2014 a≥t MAGAZINE BOOKS | LIFESTYLE | TRAVEL | THE ARTS | HEALTH & SCIENCE | SPORT RAMOMA: THERE IS HOPE YET FOR THIS GALLERY P. III > cultu≥e FASHION: KIGALI CREATIVES PUT ON A SHOW P. V > NO! NO! NO! NO! NO!
Sep 29th 2014
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