Coastweek Newspaper Vol 41 No 16 (May 4-10,2018)

Abstract

Inside this issue: Children missing at their rescue boats capsizes in ranfing tana river: Two children are missing after a rescue boat they were in capsizes in coastal Tana River County, Floods escalate as relief agencies urge robust intervention: Ranging floods that have hit Kenya’s low-lying plains since the onset of the long rains seasons in mid-March could snowball into a human crisis unless intervention robust are put in place, Shillings slides against dollars before may day: Reported by Coastdrive with Teti Kamugunda: The Kenyan shillings started the week weaker on Monday against the U.S. dollars as it edged down ahead of the May Day holiday on Tuesday, Kenyans with loan sare worried lot as country fast-tracks rate cap removal: Kenyans who have commercial bank loans and mortgages are not a happy lot as plans to scrap caps on interest rates gain momentum in the East African nation. The removal of the ceiling on rates banks charge would see the citizens pay as high as 25 percent on normal loans and 20 percent on mortgages, Mombasa port receives largest container ship MV.MSC Portugal: The safe navigations into the Kilindini channel and docking of the 6000 Foot Equivalent Units (TEUs) series container carrier Mv. MSC Portugal on Monday is a pointer towards realization of the dream by the Port of Mombasa for a world class facility.