Business Brief’s

Bye, Bad Cheques
It is now a criminal act to write a bouncing cheque in Kenya.

Bye, Makhtar Diop
World Bank Country Director, for Kenya, (and Eritrea & Somalia), Makhtar Diop will leave Kenya after his term ends on April 30. He will move on to Washington DC to work on term ends in April.

Faulu Kenya Bond
Micro-financier, Faulu Kenya launched a bond to raise 500 million shillings which will be used to expand its operations around the country.It is 75% guaranteed by the French Development Agency and was arranged by Stanbic Bank.

Former KWS Director wants $20 million
Evans Mukolwe has sued the Government for 1.6 billion shillings (US$ 20 million). He was unceremoniously dumped by Minister Tuju after the fiasco where the Kenya Wildlife Services recruited politically connected individuals.