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The East African : Feb 14th 2015
2 AGENDA The week ahead: MONDAY Launch of land project A four-day meeting will culminate in the launch of a three year project titled Support to mainstreaming land governance in Intergovernmental Authority on Development (IGAD) programmes jointly developed by Igad and the Land Policy Initiative in Djibouti. TUESDAY Energy conference Two-day Africa Indaba energy conference kicks off at the Sandton convention centre in Johannesburg, South Africa. WEDNESDAY Networking meet A two-day Breakbulk Africa 2015 conference will be held to create networking opportunities through executive presentations and focused classes at Sandton Convention Centre in Johannesburg, South Africa. ICT summit A two-day East Africa ICT Summit with the theme of turning ICT visions into reality kicks off at the Kenya School of Monetary Studies in Nairobi. FRIDAY Heads of State summit East African Community Heads of State Summit in Nairobi EU to build EAC capacity in electoral observation The EU and EAC have signed a €5 million ($5.7 million) financing agreement for funding a Regional Electoral Support Programme (RESP). The RESP, financed by the European Development Fund, will support the region’s capacity to follow elections between 2015 and 2018. The programme will also support the EAC Secretariat’s capacity in electoral observation. A Kenyan casts her vote. The funds will be used to boost the capacity of EA’s electoral observers. WEBSITE www.theeastafrican.co.ke EDITORIAL Nairobi Email: email@example.com P.O. Box 49010 GPO Nairobi 00100 Tel: 328 8406-10 Dar es Salaam Email: firstname.lastname@example.org Tel: 2119657-9 Fax: 232781 ADVERTISING, CIRCULATION, SUBSCRIPTIONS ARUSHA Nassib Majamba, Summit Centre, 3rd Floor, Sokoine Road, P.O Box 14146, Arusha Tel +255 272 544505 email@example.com DAR ES SALAAM Prosper Lawrence, Harbour View Towers, 4th Floor, Samora Avenue P.O Box 8101, Dar es salaam Tel +255 22 2119657/8/9 Fax +255 22 2115566 firstname.lastname@example.org KAMPALA Richard Senkwale, Crested Towers, Short Tower, 1st Floor, Hannington Road, P.O. Box 6100, Kampala. Tel: 232771/2, Fax: 232781 E-mail: email@example.com KIGALI Bodifa Mercy House-Gishushu, 8th floor. Tel: +250 782 420421 firstname.lastname@example.org NAIROBI ADVERTISING AND CIRCULATION Connie Mwangemi, Nation Centre, Kimathi Street, P.O. Box 49010 00100-Nairobi, Tel: +254 20 3288149 E-mail: email@example.com NAIROBI SUBSCRIPTIONS Tel: 328 8554/6/7, Fax: (254-2) 214047/214565 E-mail: firstname.lastname@example.org Harmonisation of regional capital markets delayed Harmonisation of regional capital markets will take much longer than expected despite completion of a draft regulatory and policy framework. In a joint notice released by the Capital Markets Authority, the Nairobi Securities Exchange and Central Depository and Settlement Corporation said converging the existing four EAC capital markets will not happen in the near-to-medium term owing to their different levels of development. The Uganda stockmarket. The bourses of four partner states are not at the same level. TradeMark to fund business training in Burundi The Burundi Federal Chamber of Commerce and Industry has signed a financing agreement to receive $450,470 from TradeMark East Africa. The funds will be used to enhance the participation of Burundi’s private sector in formulation and implementation of policies. Small enterprises and business people will benefit from training in business skills and business advocacy. A street in Burundi’s capital Bujumbura. The training will help create a conducive business environment. Do more to eradicate poverty, defend rights- EALA Speaker EALA speaker Daniel Kidega is challenging parliaments and legislators to play a more central role as the globe charts a path to the post-2015 Millennium Development Goals Agenda. The EALA Speaker wants legislators to “walk the talk” in fighting inequality and ending poverty. He said that “despite all concerted effort, we have not fully realised the 2015 MDGs.” EALA members assemble in Kigali, Rwanda. THE INTEGRATION TRACKER Monitoring the progress of the East African Community Positive developments Negative developments Neutral ANGÉLIQUE KIDJO: The star singer and activist from Benin won her second Grammy Award for the Best World Music Album. She received the award for the album Eve, which is dedicated to African women. ATTAHIRU JEGA: The head of Nigeria’s Independent National Electoral Commission was sent on compulsory leave after he postponed the country’s general election from Feb 14 and 28 to March 28 and April 11. JOYCE-ANN WAINAINA: The Kenyan Citi Transaction Services head was appointed chief executive of Citibank Kenya, Uganda, Tanzania and Zambia, becoming the first African woman chief executive of the bank. DOMINIQUE STRAUSSKAHN: A French court was told that the former International Monetary Fund boss took a prostitute to his IMF office in Washington — an act seen by the court as an affront to the IMF’s credibility. MADONNA: The US pop star and Malawi Goodwill Ambassador for Child Welfare raised $5.5 million, in an event held in New York, to support people displaced by the devastating floods that continue to wreak havoc in the country. FACES IN THE NEWS The EastAfrican NEWS FEBRUARY 14-20,2015 The position of chair of the regional co-operatives agency will rotate on a yearly basis. Picture: File Co-ope≥atives can now admit EA membe≥s By CHRISTABEL LIGAMI Special Correspondent now draw its membership from any of the EAC partner states following the enactment of the EAC Cooperative Societies Bill 2014 by EALA. The Bill was advanced T by members of the Eastern Africa Farmers Federation (EAFF) and is expected allow engagement of the cooperative movement in the region’s integration process. This means that a co-op- erative society in Kenya for example can have members from co-operative societies from Burundi, Uganda, Rwanda or Tanzania that have the same primary goal. However, savings and credit co-operative (Saccos) will have to wait for a while before they can open shop across borders. It is understood that an arrangement similar to that where banks have correspondents outside their countries is being considered. This would mean that a Sacco in Rwanda can have a partner in other EAC countries, affording its members seamless access to services within he co-operative movement in the region can the region. The EAC Co-operative Societies Act, now awaiting assent into law by the EAC Heads of State Summit, is intended to enable largely agricultural and other trade co-operatives to expand and give them clout when bargaining for inputs and products. “We have already formed a regional co-operative agency with representation from all the partner states. The chair of the agency will be from the EAC country chairing the community for that year and therefore the agency chair will be rotational among the partner states,” said Stephen Muchiri, chief executive officer of the Eastern Africa Farmers Federation, Kenya, The Act will allow prima- ry co-operatives from the different partner states to form a regional co-operative union and individuals from different countries to form one co-operative, among other benefits. “Different regional co-operatives have varying degrees of competitive advantage in production, trade and advocacy, therefore merging them will make them stronger,” said Mr Muchiri.
Feb 9th 2015
Feb 23rd 2015