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Co-operative Bank of Kenya Response to #CoopBankIPOScandal

Dear Kenyans, Our attention has been drawn to a hate anonymous document circulated on social media on the shareholding structure of the bank. We wish to put the following on record: The listing of Co-operative Bank was over 8 years back in year 2008. This was vide an Initial Public Offer (IPO) that was approved by all the necessary Government regulatory agencies that included the Ministry of Finance, the Central Bank of Kenya, the Nairobi Securities Exchange and the Capital Markets Authority. All the pertinent disclosures were made as per the detailed Information Memorandum to the general public dated 27th October 2008 that included the restructuring process undertaken to facilitate the listing. The Hon. Minister for Finance vide Gazette notice No.7089 dated 8th August 2008 effected the restructuring. The Hate document was initially circulated way back in June 2008 by a former Managing Director of the Bank Mr. Erastus Mureithi, who was retired early by the bank in year 2...

WHY A NAGGING WIFE IS GOOD FOR YOUR HEALTH

Source/Crosswalk By NAIROBI NEWS REPORTER There is one character trait that the Nairobi man hates in a woman – nagging. But findings of an interesting new study however suggest that the Nairobi man may be backing up the wrong tree. According to scientific research by sociologists from Michigan State University in the US, a nagging wife is good for a man’s health. This quashes that popular belief that marriage, because of the stresses that come with it, is detrimental to a man’s health. For the study, the researchers looked into the lives of 1218 married study subjects over a period of five years. All the study subjects were between the ages of 57 and 85 at the beginning of the study. The aim of the study was to look into the effect of marital quality on the risk and management of diabetes. Men in unhappy marriages were found to be less likely to develop diabetes than men in happy marriages. When the former group of men developed diabetes, they were found to be able ...

How To End Tribalism in kenya

The feeling of injustice and unfairness is the biggest problem in Kenya. If the LAW was respected in Kenya, and those who exploited, stole, took advantage of their power were brought to justice, the feelings of hate against each other would be reduced heavily, it would not be perfect but it would be a move towards PEACE IN KENYA (AND AFRICA AS A WHOLE

NYS paid 11 firms Sh1.3bn in suspect deals, probe shows

NYS theft suspect Josephine Kabura at the anti-graft offices in the past. By JOHN NGIRACHU  The National Youth Service scandal was worse — a lot worse — than initially thought, the auditor-general has found out. The conspiracy to defraud the Government, and the taxpayer, was much broader and targeted the theft of Sh3.5 billion released in a supplementary Budget. And the woman most closely identified with the scandal, Ms Josephine Kabura Irungu, was paid Sh1.29 billion and not Sh791 million as initially thought. In all, a total of Sh1.86 billion was lost, according to the findings of the Auditor-General, Mr Edward Ouko. Ms Kabura operated 11 companies which received the money in fraudulent circumstances. She was set to receive another Sh695.4 million from the NYS but the payment was stopped, the Auditor-General says in a report tabled in Parliament on Tuesday. In most of the cases, the companies were barely two months old, had no prior dealings with NYS, were not p...

CITY GIRL: DEAR SPONSOR, HER HOUSE IS NOT YOURS!

Photo/I stock photos By NJOKI CHEGE I swear this is the last time I am writing about sponsors. Please, don’t turn the page. I will be as brief as I can be. Okay, last week, I called out the dirty old men, the sponsors who will not give pretty young things like me time to breath. I thought I was doing all of us a favour by being the moral police but alas! I was met with vitriol, and told to mind my own business. I was told that this sponsor business is the in-thing right now, and I should sit at my corner and return to insulting bloggers. NUGGETS OF ADVICE Anyway, I thought today, I should give these sponsors a little advice, seeing as I am the representative of all city girls in this town. I thought I should give the sponsors nuggets of advice given the increasing number of sponsors dying in the line of duty. Dear sponsors, listen to me, I am only going to say this just once. Your mistress or sponsoree is not your wife. She is not your property and you do not o...

"MY WIFE, I AM SORRY" (SHARED STORY)

He woke up in the morning and found her praying. He heard her praying for him.He stared at her. It has been a long time since he has seen her praying. For the past few months, they have been arguing. Last night, they had a nasty fight.He went to the kitchen in a hurry to prepare himself breakfast. These past days, she hasn't been cooking for him. Shock on him. He found breakfast already set at the table. He ate. He went back to the bedroom, to prepare for a shower. She left the shower. "Good morning. Have a blessed day" she said as she entered the bedroom and he left for the bathroom. After his shower, all dressed up for work; he found his wife at the kitchen, eating breakfast in peace. She was looking at some funny videos on her phone and giggling.He looked at her then walked out the door. The last look he had of her before he left was of her at peace.That last look disturbed him. This is not how she should be. This is not how she has been. He has ...

Love Triangle shooting:Widow's Touching Tribute to her Husband the late Christopher Adagi

Ednah Kariuki the woman involved in the love triangle Chris’s wife wrote an emotional message to her late husband