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The East African : Oct 27th 2014
<IMF PREDICTS GROWTH BUT... Slowdown in emerging markets, especially India and China, poses risks Page 43 OCTOBER 25-31,2014 theeastafrican.co.ke KENYA SH100 TANZANIA SH1700 RWANDA RWF900 UGANDA SH2700 BURUNDI BIF2000 R-Factor: How Kenya plans to get more money from oil, gas MODEL PSC: New P≥oduction Sha≥ing Cont≥act based on p≥ofits benefits both govt and investo≥ By KENNEDY SENELWA Special Correspondent will be shared in a bid to maximise the benefits to the government, communities and counties while safeguarding the interests of investors. A production contract now under K discussion by government officials proposes a model of sharing that is enya is reviewing how revenues from oil and natural gas sales not based on volumes of oil brought to the surface but is calculated on profitability, known as “R-factor” in industry-speak. “With a progressive R-factor, if a discovery is not made, the investor’s loss is limited to costs incurred during exploration phase,” said Hunton & William’s lead consultant John Beardworth. Hunton & Williams of the US and Challenge Energy Ltd of Britain were contracted by the Kenyan government and the World Bank to advise on how the revenues should be shared. The R-factor is the ratio of rev- enue earned from oil divided by the costs of bringing the oil to the market. The smaller the ratio, the less the profit realised, with a ratio of less than one indicating a lossmaking operation. FULL REPORT, PAGE 4 ENTER THE MOBIUS Ba≥≥ie≥s put the b≥akes on ca≥ assembly in EA 2009 CET of 25pc on vehicle impo≥ts ≥emains suspended, and EAC states continue to impose impo≥t duties on vehicles assembled in Kenya FULL REPORT, PAGE 5 $10,620 Kenyan assembled vehicle hits the showroom. Mobius, a product of Kenya Vehicle Manufacturers (KVM), is now on sale at a starting price of $10,620. Sc m The Weste≥n Indian Ocean teems with ≥esou≥ces, and the wo≥ld’s navies a≥e sitting on it Outlook, Pages 25, 28-29 Preparing for digital Sta≥ Times plans satellite se≥vices, MultiChoice and Zuku ta≥get new subsc≥ibe≥s Business, Page 41 Nairobi, Dar say no to EA court taking ICC role In a su≥p≥ising twist, they object to move to extend ju≥isdiction By CHRISTABEL LIGAMI Special Correspondent humanity cases despite its two leaders having to travel to the Netherlands to answer charges in the International Criminal Court over the 2007/8 post election violence in the country. The five East African Commu- K nity (EAC) partner states agreed that the East African Court of Justice works with the African Union on matters of human rights and crimes against humanity. But at the recent EAC Sectoral Council’s meeting in Arusha, Kenya and Tanzania were opposed to xtending the jurisdiction of the EACJ to cover, among others, crimes against humanity and human rights. FULL REPORT, PAGE 12 enya is opposed to a regional court hearing crimes against OH, FOR A SEAMLESS BLOC > KCB’s Joshua Oigara on the renewed political will towards integration Page 19 No. 1043 Obscene lifestyles of African presidents Magazine a≥t www.theeastafrican.co.ke October 25 - 31, 2014 MAGAZINE BOOKS | LIFESTYLE | TRAVEL | THE ARTS | HEALTH & SCIENCE | SPORT END OF AN ERA: GRUMPY CRITIC SUFFERS ART ATTACK P. VIII > spo≥ts CRICKET: AFRICA BOSSES WORRIED BY DROP IN EA GAME P.
Oct 20th 2014
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