
<p>NAIROBI (Reuters) &#8211; Kenya’s Finance Minister Henry Rotich pleaded not guilty on Tuesday to corruption charges over the award of two dam tenders, a day after his detention in an unprecedented move against a sitting minister in a country notorious for graft.</p>



<p>Rotich, who spent the night in a police cell, is accused alongside other senior officials of conspiring to defraud the public, among other charges.</p>



<p>Dressed in a grey pinstripe suit and yellow tie, Rotich denied the charges before a packed court in Nairobi. Not all the 28 accused were in court, but all the others present also pleaded not guilty.</p>



<p>The case stems from an investigation into the misuse of funds in two dam projects planned in western Kenya, overseen by Italian construction company CMC Di Ravenna.</p>



<p>Kenya also charged a director of the company, Paolo Porcelli, in absentia with conspiracy to defraud the country. Kenya will seek his extradition from Italy, director of public prosecutions Noordin Haji said on Tuesday.</p>



<p>“We will also issue an international arrest warrant,” Haji told Reuters, adding that company had not complied with a request to give statements to Kenyan authorities, he said.</p>



<p>CMC di Ravenna denied wrongdoing on Monday. “CMC is certain of the correctness of the work of the company and its representatives,” it said in a statement, adding it had not been informed of any official communication from Kenyan authorities.</p>



<p>Officials of the company were not available for comment on Tuesday.</p>



<p>The two dams were budgeted to cost 46 billion shillings ($446 million) but the treasury borrowed 63 billion instead, Haji said on Monday, needlessly ratcheting up Kenya’s ballooning public debt, which stands at around 55% of GDP.</p>



<h3 class="wp-block-heading">ETHNIC DIVISIONS</h3>



<p>The shilling has lost 0.5 percent against the dollar since Rotich was charged. It traded at 103.65 on Tuesday, reflecting market unease about the apparent vacuum at the top of the finance ministry.</p>



<p>Rotich has not been fired on formally resigned, and no replacement has been announced.</p>



<p>“(This) has created a power vacuum in Treasury, albeit temporarily,” a senior currency trader told Reuters.</p>



<p>Hasnain Malik, managing director of frontier markets equity strategy at London-based firm Tellimer, said Rotich’s arrest laid bare splits within the ruling Jubilee coalition.</p>



<p>The coalition was “openly divided” between Kikuyu supporters of President Uhuru Kenyatta and Kalenjin supporters of Vice President William Ruto, he said. Rotich is a Kalenjin.</p>



<p>Those divisions could curtail economic growth, with a cap on interest rates having already substantially shrunk credit to the private sector, he said.</p>



<p>“Kenyan growth is more reliant on effective public project spending because of the lending rate cap. A divided government is a problem,” he said. “Investors should worry that this arrest is a reflection of those divisions.”</p>



<p>Ruto has made clear he expects the coalition’s nomination for the presidency in the 2022 elections, when Kenyatta will have to step down due to term limits.</p>



<p>Haji also cited pressure stemming from politicians speaking to the media, but emphasised there had been no interference in his work.</p>



<p>“In terms of (interfering) phone calls, there was none, that I have to be very clear (about),” he told Reuters.</p>



<p>But “people (were) making a lot of noise that we were targeting a certain community. You know that area has been very volatile when it comes to clashes. So we were concerned.”</p>



<p>Some 1,200 people were killed in violence following the disputed 2007 national election. Kalenjin lands were a major flashpoint.</p>



<p>Additional reporting by Duncan Miriri, John Ndiso and Humphrey Malalo in Nairobi and Tom Arnold in London; Editing by Gareth Jones and John Stonestreet </p>


Kenya’s finance minister denies corruption charges

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<p>There&#8217;s no doubt that the rise of mobile financial services have transformed the way that many people around the region do business and handle money. Now hot off the heels of the inaugural Afro-Asia Fintech Festival that just took place in Nairobi, Kenya. Kennedy Mubita Head of Standard Chartered Ventures, Africa joins CNBC Africa for more.</p>


Standard Chartered Bank sees opportunities in Africa’s Fintech industry

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<p>As Barclays Africa Group transitions into ABSA Group Limited, CNBC Africa&#8217;s Makeda Mahadeo caught up with the CEO of Barclays Bank Kenya Jeremy Awori, on their commitment to shared value, their position in a highly active east African banking sector and their approach to mobile banking.</p>


Barclays Kenya commits to Uhuru’s ‘Big Four’ agenda

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<p>Put business opportunity, corporate assets and social need together and what do you get? A strategy called, Shared Value. Ahead of the Shared Value Summit happening next week in Nairobi, CNBC Africa spoke to the co-founder &#038; MD of FSG, Mark Kramer for the low down on what exactly the Shared Value model is and how it can benefit companies and the African economy at large.</p>


Shared value: How it can benefit your business

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<p>The third edition of the one planet summit took place in Nairobi, engaging both the public and private players on how to curb global warming. But for this to be realized, financing is a necessity for low- carbon, resilient infrastructure and services for African Cities. CNBC Africa caught up with Hans Peter Lankes, Vice President of Economics and Private Sector Development, IFC for more on this.</p>


IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

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<p>As Nairobi gears up for The Kenyan Entrepreneurs Conference on Trade and Development kicking off next week, the focus is on small and medium enterprises and alternative methods of funding. According to the CEO of the event’s partner, Credit Bank, many entrepreneurs do not know how to approach a bank, and as a result end up settling for a traditional loan rather than a more suitable solution. CNBC Africa spoke to Monica Chege, Head of Marketing for Credit Bank for more.</p>


What to expect from Kenya Entrepreneurs’ Conference on Trade & Development’

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<p>Apartment rental prices in Kenya’s capital Nairobi rose by 15.9 per cent in 2018, a rise last seen in mid-2009, according to Realtors HassConsult’s 2018 property index; for more CNBC Africa Sakina Hassanali, Head of development, Consulting and Research at HassConsult.</p>


Nairobi sees highest rise in apartment rentals in 9 years

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<p>Last night, Nairobi was shook as gunmen from the Somali terrorist group al-shabaab attacked a rather busy 14 Riverside Drive upscale Dusit hotel leaving an unknown number of people dead and scores injured. Joel Chacha, Director at Tell-Em PR with office on the same road, he joins CNBC Africa for more.</p>


Eye witness gives account of Nairobi terror attack


<p>NAIROBI (Reuters) &#8211; A large fire and sustained gunfire sent workers fleeing for their lives at an upscale hotel and office complex in the Kenyan capital on Tuesday afternoon, Reuters witnesses said.</p>



<p>One man came out covered in blood as nearby university students were evacuated.</p>



<p>“I just started hearing gunshots, and then started seeing people running away raising their hands up and some were entering the bank to hide for their lives,” a woman working in a neighbouring building said. She also heard two explosions, she said.</p>



<p>Nairobi police commander Philip Ndolo said they had cordoned off the area around Riverside Drive, where the dusitD2 hotel is located, due to a suspected robbery.</p>



<p>But police are not ruling out a militant attack, police spokesman Charles Owino told Citizen Television.</p>


Terror attacks feared at upscale Nairobi hotel

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<p>Explosion and gunfire shots were heard at an upmarket complex in Nairobi, Kenya’s capital on Tuesday afternoon. Somali militant Islamist group al Shabaab has claimed responsibility for the attack on the hotel; for an update CNBC Africa spoke to eye witness in Nairobi Cynthia Nyamai.</p>


Explosion, gunfire shots heard at upmarket hotel complex in Kenyan capital

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<p>The number of Sub-Saharan Africa countries at high risk of debt distress rose from 8 in 2013 to 18 in 2018, according to the World Bank, fuelling fears that many countries may fall into a debt trap. The issue tops the agenda of the 49th biannual research workshop that will take place in Nairobi over the weekend. For more on this CNBC Africa is joined by Dr. Witness Simbanegavi, Director of Research at AERC African Economic Research Consortium that organised the workshop.</p>


Researchers raise red flag over looming debt crisis in Africa

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<p>Kenya is set to host the blue economy conference from November 26th to 28th in Nairobi. The sustainable blue economy conference is the first global conference on the sustainable blue economy. Joining CNBC Africa from Nairobi to talk more on this is Kenya’s Shipping and Maritime Affairs principal secretary Nancy Karigithu.</p>


Kenya set to host the blue economy conference

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<p>Much as it is said that Africa’s biggest challenge will be its population explosion, investors in the hospitality and real estate sector argue that this will offer more opportunities than challenges. Mohamed Yacoubi, DG of Parlmeraie explains how they are already tapping into this opportunity.</p>


Africa’s hospitality sector poised for growth

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<p>Nairobi is hosting the 8th annual edition of the Africa Hotel Investment Forum. The forum that opened on Tuesday this week has brought together policymakers, industry leaders and investors. So far, speakers at the forum have given a positive outlook on the future of the travel and hospitality sector in Africa. For more Jonathan Worsley, Chairman and founder of Bench events, co-organizer of the forum speaks to CNBC Africa’s Eugene Anangwe.</p>


Africa Hotel Investment Forum underway in Nairobi

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<p>The 4th annual East Africa Investor Conference is underway in Nairobi with focus on key market fundamentals and analysis on the political and economic landscape in Kenya and Sub-Saharan Africa. Joining CNBC Africa is Yvonne Mhango, SSA Economist Renaissance Capital and David Dalhuisen Head of Investment Banking, Africa Renaissance Capital.</p>


4th Annual East Africa Investor Conference underway in Kenya

<figure><img decoding="async" src="https://images.theconversation.com/files/225951/original/file-20180703-116126-w1n34h.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="File 20180703 116126 w1n34h.png?ixlib=rb 1.1" /><figcaption>Afternoon traffic into Nairobi’s CBD.<br />
<span class="attribution"><span class="source">@AmartheArkitekt/Instagram</span></span></figcaption></figure>
<p><a href="https://theconversation.com/profiles/haneen-khreis-509814">Haneen Khreis</a>, <em><a href="http://theconversation.com/institutions/texas-aandm-university-1672">Texas A&amp;M University </a></em> and <a href="https://theconversation.com/profiles/mark-nieuwenhuijsen-509819">Mark Nieuwenhuijsen</a>, <em><a href="http://theconversation.com/institutions/australian-catholic-university-747">Australian Catholic University</a></em></p>
<p>Kenya’s capital, Nairobi, is the <a href="https://www.nation.co.ke/news/Nairobi--is-world-s-second-worst-city-/1056-3892294-1208syiz/index.html">second most</a> congested city in the world. To reduce congestion, Nairobi County has proposed <a href="https://www.nation.co.ke/counties/nairobi/Nairobi-mulls-car-free-days/1954174-4578402-et1eguz/index.html">car-free</a> Wednesdays and Saturdays in two of the busiest parts of the city.</p>
<p>With private cars off the road, the <a href="https://www.standardmedia.co.ke/article/2001277014/39-new-buses-car-free-days-planned-to-reduce-jam-in-nairobi">plan is to</a> include more buses, a <a href="http://www.metro-report.com/news/single-view/view/nairobi-moves-ahead-with-transport-plans.html">light railway</a> and a rapid bus transit system. Though no specific date has been set for the car-free initiative, major roads leading to the city are being upgraded to facilitate the new systems. The county government <a href="https://www.standardmedia.co.ke/article/2001277014/39-new-buses-car-free-days-planned-to-reduce-jam-in-nairobi">says</a> the changes on Nairobi’s roads would take six months.</p>
<p>All of these changes will need to be done quickly and efficiently. Given the <a href="https://www.citylab.com/transportation/2017/08/the-future-of-nairobis-informal-transit/537573/">lack of</a> public transport infrastructure in the city, those who can’t afford a private vehicle generally commute <a href="https://www.jica.go.jp/english/news/field/2015/c8h0vm0000966zqy-att/c8h0vm0000966zvu.pdf">using</a> buses or <em>matatus</em> (40.6%) – privately owned minibuses which will be phased out. And those who can’t afford any form of transport <a href="https://www.jica.go.jp/english/news/field/2015/c8h0vm0000966zqy-att/c8h0vm0000966zvu.pdf">generally</a> walk (39.7%).</p>
<p>But the effort will be worth it. Research shows that cities benefit from car-free days in many ways. This includes traffic decongestion and reductions in <a href="https://doi.org/10.1016/j.jtrangeo.2005.06.008">time wasted</a>, fewer car crashes and less noise and air pollution. Car free days also increase social interaction and physical activity. Overall the change will, if sustained, <a href="https://doi.org/10.1016/j.envint.2016.05.032">improve</a> the health and well-being of the city’s residents.</p>
<h2>Impact</h2>
<p>The impact of going car-free goes well beyond decongesting the city.</p>
<p>Space that is freed up from vehicles, like roads and parking lots, could be used to create green areas – quality public spaces where people can congregate, socialise and relax. The green spaces will also reduce the <a href="https://www.epa.gov/heat-islands">heat island effect</a> – when built-up areas are hotter than nearby rural areas – an effect known to cause premature mortality due to heart disease.</p>
<p>Another big health concern in developing countries’ fast-growing cities is air pollution. Car emissions account for 90% in urban areas. Car-free days are known to <a href="https://doi.org/10.1016/j.envint.2016.05.032">reduce</a> certain types of air pollution by 20 to 78%.</p>
<p>Air pollution does a huge amount of damage to people’s health. Worldwide, nearly 4 million people die prematurely due to ambient air pollution, caused by industries, households, cars and trucks. And exposure to traffic related air pollution has been directly linked to increases in cases of <a href="https://www.sciencedirect.com/science/article/pii/S0160412016307838">childhood asthma</a> and <a href="https://ehp.niehs.nih.gov/11533/">early deaths</a>. This is <a href="https://doi.org/10.1016/j.envsci.2011.02.005">particularly</a> the case for those who spend a lot of time along highly trafficked roads – like pedestrians, motorists, traffic police and street vendors.</p>
<p>Car-free days are expected to reduce pollution in Nairobi where an exceptionally large amount comes from traffic. This is clear from the fact that the levels of particulate matter are 11.17 times <a href="https://doi.org/10.1016/j.envsci.2011.02.005">higher</a> on a curb in the central business district during the day than a rural background site.</p>
<p>Another benefit in reducing congestion is the reduction of noise pollution. Noise levels in Nairobi are approaching the healthy hearing limit. Most of the noise <a href="http://doi.org/10.4236/jgis.2015.75039">stems</a> from traffic. High levels of noise aren’t just annoying or disturbing. They can also <a href="http://doi.org/10.1097/HJH.0b013e328352ac54">cause</a> <a href="https://www.ncbi.nlm.nih.gov/pubmed/21537109">heart conditions</a> and reduce cognitive functioning in children. As it is, about <a href="http://allafrica.com/stories/201608160079.html">640,000 Kenyans</a> suffer from hearing problems.</p>
<p>Banning cars for two days could also improve Nairobi’s bad traffic safety record. There are, <a href="http://erepository.uonbi.ac.ke/bitstream/handle/11295/98903/Olemo_Exploring%20the%20major%20causes%20of%20road%20traffic%20accidents%20in%20Nairobi%20county.pdf?sequence=1&amp;isAllowed=y">on average</a>, about 7 deaths from the 35 road crashes every day. The safety effect of car free days is hard to predict. But evidence from other cities suggests it is likely. In London for example, introducing congestion charge zone, which charged people travelling by car to the central city during peak hours, <a href="https://www.sciencedirect.com/science/article/pii/S0047272715001929">led to</a> a reduction of 34 accidents every month.</p>
<p>The potential of increased safety on the roads could also make cycling a possibility on car-free days. Cycling is more affordable and healthier than motorised transport and is faster than walking. An added benefit is that <a href="https://www.sciencedirect.com/science/article/pii/S0160412016302161">studies</a> show that cycling and walking can increase retail sales by up to 30% and the that well-planned improvements to public spaces can boost footfall and trading by up to 40%. But policymakers would need to provide good and designated walking and cycling paths.</p>
<h2>Way forward</h2>
<p>In Rwanda, since 2016, for one day every month Kigali is a <a href="http://www.africanews.com/2018/01/22/kigali-s-first-monthly-car-free-daay-encourages-more-exercises/">car-free zone</a>. It has been a tremendous success and city authorities also organise exercise and wellness activities on the day. Health and eye exams, offered as part of these activities, have done well to get residents on board.</p>
<p>But Rwanda’s car-free days happen just once a month. Nairobi county has a much longer way to go. The best way to start will be by introducing the measures incrementally to ensure that they’re accepted. The phasing out of matatus will be particularly sensitive given that <a href="https://www.citylab.com/transportation/2017/08/the-future-of-nairobis-informal-transit/537573/">about</a> 300,000 people are employed by the industry.</p>
<p>The city will need to follow a sequence of car-free days, pedestrianisation, larger car-free areas, and events to increase appeal and awareness of the new policy and its benefits.</p>
<p><img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/99301/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><em>Willem van Waas, a student at Eindhoven University of Technology, assisted in the writing of this article. In his thesis, he explores how transitions towards car free cities can unfold.</em></p>
<p><a href="https://theconversation.com/profiles/haneen-khreis-509814">Haneen Khreis</a>, Assistant Research Scientist, <em><a href="http://theconversation.com/institutions/texas-aandm-university-1672">Texas A&amp;M University </a></em> and <a href="https://theconversation.com/profiles/mark-nieuwenhuijsen-509819">Mark Nieuwenhuijsen</a>, Research Professor at ISGlobal, Professorial Fellow, ACU, <em><a href="http://theconversation.com/institutions/australian-catholic-university-747">Australian Catholic University</a></em></p>
<p>This article was originally published on <a href="http://theconversation.com">The Conversation</a>. Read the <a href="https://theconversation.com/nairobi-is-planning-car-free-days-they-could-bring-many-benefits-99301">original article</a>.</p>


Nairobi, is the second most congested city in the world, this is what it is doing to change this…

<p>NAIROBI (Reuters) &#8211; Fifteen people died and 70 were injured when fire swept through a market and nearby homes in central Nairobi in the early hours of Thursday.</p>
<p>The blaze broke out in a timber yard, said Nairobi regional coordinator Kangethe Thuku, a senior official.</p>
<p>It started at around 2:30 a.m. and spread through Gikomba market and nearby apartments and shanties before being contained around 90 minutes later, according to Emergency Service St John Ambulance.</p>
<p>Located in the densely crowded downtown part of the city, Gikomba is the heartbeat of a huge informal market, selling everything from second-hand clothes to hardware. It has been damaged several times by fire.</p>
<p>Thuku said the death toll from Thursday’s blaze had reached 15.</p>
<p>“About five&#8230; arrived dead in the hospital but we still have about nine bodies in the burning buildings because we want to confirm and ensure the safety of those buildings,” he said.</p>
<p>Some victims were taken to Kenyatta National Hospital (KNH) whilst a 15th fatality was at Mama Lucy Hospital.</p>
<p>A further 70 people were injured in the fire, whose cause had yet to be established, he said</p>
<p>A Reuters photographer saw bodies being brought out from a building and people sifting through ashen wreckage as smoke rose from the site.</p>
<p>The acting Chief Executive of KNH said the hospital was on alert for more victims. “In case we have any more, we are ready for them,” said Thomas Mutie.</p>
<p>Reporting by George Ng&#8217;ang&#8217;a and Thomas Mukoya; additional reporting by Duncan Miriri: writing by Costas Pitas; editing by John Stonestreet</p>


Nairobi

Kenya’s finance minister denies corruption charges

Standard Chartered Bank sees opportunities in Africa’s Fintech industry

Barclays Kenya commits to Uhuru’s ‘Big Four’ agenda

Shared value: How it can benefit your business

IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

What to expect from Kenya Entrepreneurs’ Conference on Trade & Development’

Nairobi sees highest rise in apartment rentals in 9 years

Eye witness gives account of Nairobi terror attack

Terror attacks feared at upscale Nairobi hotel

Explosion, gunfire shots heard at upmarket hotel complex in Kenyan capital

Researchers raise red flag over looming debt crisis in Africa

Kenya set to host the blue economy conference

Africa’s hospitality sector poised for growth

Africa Hotel Investment Forum underway in Nairobi

4th Annual East Africa Investor Conference underway in Kenya

Nairobi, is the second most congested city in the world, this is what it is doing to change this…

Fire sweeps through market in Nairobi leaving several dead

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Nairobi

Kenya’s finance minister denies corruption charges

Standard Chartered Bank sees opportunities in Africa’s Fintech industry

Barclays Kenya commits to Uhuru’s ‘Big Four’ agenda

Shared value: How it can benefit your business

IFC’s Hans Peter Lankes talks on financing low-carbon infrastructure in Africa

What to expect from Kenya Entrepreneurs’ Conference on Trade & Development’

Nairobi sees highest rise in apartment rentals in 9 years

Eye witness gives account of Nairobi terror attack

Terror attacks feared at upscale Nairobi hotel

Explosion, gunfire shots heard at upmarket hotel complex in Kenyan capital

Researchers raise red flag over looming debt crisis in Africa

Kenya set to host the blue economy conference

Africa’s hospitality sector poised for growth

Africa Hotel Investment Forum underway in Nairobi

4th Annual East Africa Investor Conference underway in Kenya

Nairobi, is the second most congested city in the world, this is what it is doing to change this…

Fire sweeps through market in Nairobi leaving several dead

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