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/ 26 February 2008

Kenyan media council denies being toothless

Last week, the government threatened to disband the Media Council of Kenya after the group announced that it would survey media conduct in the East African nation, including over the December 27 elections that have sparked widespread violence. Kwamboka Oyaro spoke to Peter Mutie, chair of the council’s ethics and publicity subcommittee

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/ 25 February 2008

Wary of giant country funds

Major institutional investors plan to urge the sovereign wealth funds that have propped up the world’s banking system to be transparent in their activities and conscientious shareholders. The international investment community is planning to meet some of the leading sovereign wealth funds next month to discuss their investment strategies.

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/ 25 February 2008

ANC ‘not investigating’ Chancellor House

The African National Congress (ANC) is not conducting a forensic audit into empowerment deals and tenders that were received by its investment company, Chancellor House, the party said on Monday. ”The ANC wishes to place on record that it is neither conducting an investigation nor a forensic audit into the company or any of its transactions.”

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/ 25 February 2008

Gold Fields: Job losses not cast in stone

Potential job losses due to the energy crisis are not cast in stone, Gold Fields CEO Ian Cockerill said in a conference call on Monday. Earlier, the mining company announced that 6 900 jobs were at risk because of Eskom’s power rationing. ”We’re working closely with the unions to calculate potential losses. There is nothing cast in stone,” Cockerill said.

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/ 25 February 2008

Protesters paralyse Cameroon city, four killed

At least four people were killed in Cameroon’s economic capital, Douala, on Monday when protesters angry over the high cost of living barricaded streets in the port city, looted shops and clashed with riot police. The violence in the teeming city erupted after taxi drivers launched a strike to protest against petrol- and fuel-price hikes.