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The East African : April 21st 2014
2 AGENDA The week ahead MONDAY World observes Easter holiday Financial markets, businesses to remain closed across the region for the Easter Monday holiday. TUESDAY Moscow hosts World Bank workshop World Bank Workshop on Global Outlook of Modern Contractual Systems in Moscow, Russia. WEDNESDAY AU commission holds special session Two-day Special Session of the Labour and Social Affairs Commission of the African Union kicks off in Windhoek, Namibia. THURSDAY Global immunisation campaign kicks off The World Immunisation Week 2014 kicks off under the slogan “Immunise for a healthy future.” FRIDAY Malaria Day effort to roll back the disease World Malaria Day 2014. The theme for the 2013-2015 campaign is “Invest in the future: Defeat malaria.” AMANDA TODD: A man has been charged in the Netherlands over the 2012 suicide of the Canadian teenager, who was bullied online. The man, 35, was charged with extortion, Internet luring, criminal harassment and child pornography. JOSE MARIO VAZ: The Guinea-Bissau former finance minister will face Nuno Gomes Nabiam, a candidate seen as closest to the army, in a May 18 presidential run-off due to complete the country’s return to civilian rule. UHURU KENYATTA: The International Criminal Court has ordered Kenya to provide the president’s financial records in two weeks. ICC prosecutor Fatou Bensouda wants the information from the 2007 elections to early 2008. SILVIO BERLUSCONI: The 77-year-old billionaire former Italian premier was ordered to perform a year’s community service in a home for the elderly by a Milan court following his conviction last year for tax fraud. OSCAR PISTORIUS: Forensic tests by an expert for the Paralympian’s murder trial were rigorously challenged by the state prosecutor in South Africa as contradicting those of a police ballistics witness and pathologist. FACES IN THE NEWS The EastAfrican NEWS APRIL 19-25,2014 THE INTEGRATION TRACKER Monitoring the progress of the East African Community Positive developments Negative developments Neutral Capital markets harmonisation to be completed soon Free movement of capital and tradable securities at the regional level could soon be realised once the legal frameworks governing the capital markets are harmonised. Rwanda’s Capital Markets Authority executive director Robert Mathu said that will pave the way for cross-border investments and push further regional integration. Only Tanzania has not met the Common Market Protocol requirements. Activity on the floor of the Rwanda Stock Exchange (RSE) in Kigali. WEBSITE www.theeastafrican.co.ke EDITORIAL Nairobi Email: email@example.com P.O. Box 49010 GPO Nairobi 00100 Tel: +254 3 288 406-10 Dar es Salaam Email: firstname.lastname@example.org Tel: +254 2 119 657-9 Fax: +254 232 781 ADVERTISING, CIRCULATION, SUBSCRIPTIONS ARUSHA Nassib Majamba Summit Centre, 3rd Floor, Sokoine Road P.O. Box 14146, Arusha Tel +255 272 544 505 email@example.com DAR ES SALAAM Prosper Lawrence Harbour View Towers, 4th Flr, Samora Av P.O. Box 8101, Dar es Salaam Tel +255 22 2 119 657/8/9 Fax +255 22 2 115 566 firstname.lastname@example.org KAMPALA Richard Senkwale Crested Towers Short Tower, 1st Floor, Hannington Rd P.O. Box 6100, Kampala Tel: 232 771/2, Fax: 232781 E-mail: email@example.com KIGALI Andrew Busingye 13th Floor, Kigali City Tower Tel: +250784336355, Kigali firstname.lastname@example.org NAIROBI ADVERTISING AND CIRCULATION Connie Mwangemi, Nation Centre, Kimathi Street, P.O. Box 49010 GPO, Nairobi 00100 Tel: +254 20 328 8149 E-mail: email@example.com NAIROBI SUBSCRIPTIONS Tel: 328 8554/6/7 Fax: +254 2 214047/214565 E-mail: firstname.lastname@example.org Rules to rein in foreign contractors, empower locals Kenya is putting in place measures to tame the influx of foreign contractors, especially in winning major infrastructure projects. The National Construction Authority’s move will mostly affect thousands of Chinese companies operating in Kenya, especially on governmentfunded multibillion-shilling projects. Foreign companies will have to subcontract most of the work to local firms and work in partnership as a way of enhancing local capacity. Road construction works in Kenya. Council decries poor business environment East African Community partner states have been asked to improve the business environment in the region as a key factor in economic growth. Vimal Shah, outgoing chair of the East African Business Council (EABC), said the greater achievements of the integration are hampered by the different measures taken by partner states in the form of laws, regulations, policies, conditions and restrictions. Vimal Shah, outgoing chair of the EABC. New laws set to boost investment banks’ capital Regional investment banks may get a boost in working capital once EAC laws requiring them to hold core capital of only $240,000 come into force. The capitalisation was revised last week when the East African Securities Regulatory Authorities (EASRA) met in Burundi to review the legal structure of the intermediaries. The new rules are part of economic integration efforts ahead of a monetary union. Bank of Burundi Governor Gaspard Sindayigaya (left). Constituent Assembly member Esther Bulaya. Picture: File F≥esh stalemate hits constitution ≥eview By ATHUMAN MTULYA Special Correspondent TANZANIA’S constitution making is in a stalemate following a boycott by a group of Members of the Constituent Assembly (MCAs). The MCAs, mostly drawn from the opposition camp under the umbrella Coalition of Defenders of the People’s Constitution, have vowed not to resume debate until their demands are met. Going by the statements of the minority MCAs and their majority counterparts, their leaders have to negotiate outside the House for them to reach common ground again. On Wednesday, mem- bers of the coalition, known by its Kiswahili acronym Ukawa, walked out of the debating chamber after accusing the assembly of promoting discrimination instead of national cohesion. The assembly was debat- ing Chapters One and Six of the second Draft Constitution when the MCAs from both sides started trading words. Chapter One defines the United Republic of Tanzania as a sovereign federal state created out of the Union of Tanganyika and Zanzibar. Chapter Six empha- sises that the United Republic of Tanzania will consist of three governments – one for each of the federated states and another for the sovereign country. The two chapters drew battle lines between the ruling party, Chama cha Mapinduzi (CCM), gunning for the existing two-tier Union government structure comprising the United Republic of Tanzania and Revolutionary Government of Zanzibar, and the opposition Ukawa, which is mainly made up of the countries’ three major opposition parties with representation in parliament, supports the second draft constitution’s proposal to have a three-tier Union government model. Revival of government The Chama cha Demokrasia na Maendeleo (Chadema), the Civic United Front and the National Convention and Construction for Reforms - Mageuzi (NCCR-Mageuzi) are jointly demanding the revival of the Tanganyika government, which was dissolved at the inception of the Union. But CCM maintains that a federal structure would, shortly after its adoption, kill the Union, which is unique in Africa and which will clock 50 years next week.
April 14th 2014
April 28th 2014