cfc stanbic and limousines

first - the high court sitting in nairobi has put off the merger until it decides a case in which a bunch of workers say that they were not paid their pension amounting to 1.1 billion. the court ordered that stanbic which is the defendant deposit half the amount or 503 million in court until the case is decided. the merger has now been in abeyance for the last26 months since announcement. no idea how thw shares will react. bearing in mind that when the announcement leaked, cfc topped 900 bob from a previous high of 131 shillings in one day.

second... tea farmers are in deep hot water over escalation of costs. costing by the ktda shows that kenyan tea will be heavily uncompetitive in the world market and pointedly asked for a governmenty subsidy.