Ugly tribalism forging strange alliances

In spite of 1,500 ethnic-related killings early this year, Kenyan politicians continue to devise ethnic strategies in the bid for power if a forthcoming by election is any indicator.

Former speaker of the Kenyan parliament, Francis ole Kaparo. Once a respected political leader, Kaparo is now a tribal mathematician plotting how the Maasai will retain the [...]

Safaricom IPO oversubscribed by 236 billion

Posted on May 30, 2008 by kenyanobserver
After shares of the Safaricom IPO last month were were over-subscribed by 532 percent, Kenya’s Finance Minister, Amos Kimunya, has announced that the bulk of the money will be refunded.
He noted that a positive side to this was that it had opened up Kenya’s capital markets to the international [...]