www.ntv.co.ke Intensive care unit and the theater unit at the Moi teaching and referral hospital has been closed owing to a financial crisis. The hospital’s acting director Dr. Aly Omar says the hospital requested 2.1 billion shillings from treasury in the last financial budget but to date the hospital has only received 1.2 billion, creating a huge shortfall. This came after Eldoret North William Ruto and a group of MPs paid an impromptu visit at the hospital.
Financial shares are among the top gainers at mid-session as favorable results from Portugal’s debt sale helps to drive shares higher. In mid-day news, shares of American International Group Inc. (AIG) are higher amid reports the insurance giant is selling its Taiwan life insurance unit to Taiwan’s Ruen Chen Investment Holdings Ltd. for .16 billion. Meanwhile, Barclays (BCS) ADRs are higher on Barclays Capital plans to cut about 200 jobs in the UK following an internal review, Bloomberg reported, citing sources. Also, JP Morgan Chase (JPM) is higher after CEO James Dimon told CNBC that he “would like” to boost the company’s dividend.
