Month: October 2019

Kenya’s leading telecommunication company-Safaricom on Wednesday marked 19 years since the company launched.

During the celebrations, the Nairobi Securities Exchange (NSE) listed telco unveiled a new strategy and renewed its commitment to its customers.

Under the new structure, Safaricom is committing to be ‘simple, transparent and honest’ across all its products and operations.

READ ALSO:Majority of Kenya’s job-seekers dream of working at Safaricom

As part of its efforts to simplify its products, the company has unveiled a new data plan, and a new calling and SMS plan that will respectively offer data bundles and calling minutes with no expiry.

Both data bundles, calls and SMS with no expiry are immediately available on *544#

“Over the last 19 years, we have come a long way together with our customers. As we celebrate our anniversary, it is a unique opportunity to reevaluate our operations to ensure that we remain relevant to …

Heads of state, 17 ministers, prominent business leaders and high –ranking government officials have confirmed their participation in the Global Business Forum Africa (GBF Africa) in Dubai.

The Global Business Forum Africa (GBF Africa) takes place on November 18th-19th 2019 in Dubai.

The high-level attendee taking part in the fifth edition of GBF Africa 2019 are two heads of state who have confirmed their attendance, President of Liberia H.E George Weah and Seychelles’ president H.E. Danny Faure. Among the Seventeen ministers attending are ministers from West Africa (Niger, Sierra Leone, Ghana, Senegal and Liberia), Southern African (Namibia, Zambia, Zimbabwe and Malawi) central Africa (Angola and DRC), East Africa (Kenya, Uganda, Tanzania)

Also Read: Dubai-Africa partnership, a new era of growth & prosperity with HE Hamad Buamim

High-level public and private sector stakeholders from several other African countries, including former heads of state, entrepreneurs, CEOs, industry experts and economists are also …

East Africa’s top banks ranked among the world’s 1,000 best lenders despite tough operating environment.

The banker, a monthly London-based international financial affairs publication owned by the Financial Times Ltd, shows that Kenya Commercial Bank (KCB), Equity, Diamond Trust Bank and Co-operative Bank, remained resilient in a tough operating environment so as to maintain an upward growth in profitability.

The banks made significant strides in strengthening their balance sheets (assets) and increasing their Tier 1 capital in line with the Basel III requirements.

Tier 1 capital is the core measure of a bank’s financial strength which is reserved to ensure banking operations are not disrupted during periods when lenders make losses.

The chief executive Kenya Bankers Association, Habil Olaka said that banks are taking advantage of opportunities in the East Africa Region and providing their customers with seamless service delivery.

Also Read: DTB joins Mastercard, DPO Group to extend digital

Dropcap the popularization of the “ideal measure” has led to advice such as “Increase font size for large screens and reduce font size for small screens.” While a good measure does improve the reading experience, it’s only one rule for good typography. Another rule is to maintain a comfortable font size.

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Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

A wonderful serenity has taken possession…

Australian Nanotech, a subsidiary of Canadian road technology company NTI Nanotech Corp., has announced that it has signed a $1.6 billion contract to construct 3,200 kilometres of roads in D.R. Congo using their proprietary green nanotechnology.

The emerging technology has been deployed around the world in several countries for the past ten years and has proven to be cost-effective, environmentally beneficial and better quality than typical alternatives.

The Province Mai-Ndombe will be one of the first regions of Sub-Saharan Africa to use this disruptive technology. 

“We are very excited to proceed with AusNanotech. Not only have they brought to us a product that is environmentally superior, they exceed required standards and for a better price,” said Mr. Paul Mputu Boleilanga, the Province’s Governor, adding “Additionally the company has shown a tenacity to our country and a dedication to conducting business that benefits the citizens of my Province and the …

A new survey released by the talent recruitment agency BrighterMonday has revealed major companies that Kenyans aspire to work for while also revealing key details of the employment spectrum in the country. In the survey, Safaricom was ranked as the top company that job seekers would love to work for with the majority of respondents attributing the working environment and remuneration as key indicators.

A total of 3,448 valid responses puts Safaricom in the top spot as the number one best company to work
for as well as the most ‘desired’, and ‘respected’ brand. Other companies in the top 5 include East African Breweries, United Nations (UN), Kenya Commercial Bank (KCB) and Kenya Revenue Authority (KRA).

Speaking during the launch of the report, BrighterMonday Chief Executive Officer Emmanuel Mutuma revealed that Kenyans were not entirely happy with their current work situations, with most willing to switch jobs.

“Respondents aged between …

Kenya’s public transport sector is chaotic and only those who are part of the system survive the anarchy…

South Sudan is leaving its violent past behind as the country finally heads towards lasting stability.

Boasting the third-largest oil reserves in sub-Saharan Africa, South Sudan is the only mature oil producer in East Africa. The country is one of the oldest producers on the continent, with substantial proven reserves of close to 3.5 billion barrels of oil and 3 trillion cubic feet of gas.

Dr Arkangelo Okwang Oler, Director-General for Planning, Training and Research at South Sudan’s oil ministry, spoke at the recent Africa Oil & Power 2019 conference in Cape Town,  reassuring investors that now is the time to invest in the country.

According to Dr Oler, South Sudan’s oil production has increased and once they have fully accessed a new oil field, 5A, they can expand production. He says, “We’re currently processing 178 000 barrels but this is without 5A, once this agreement is processed we should …

Rwanda’s Cabinet approved an agreement with Russia to advance the use of nuclear energy for “peaceful purposes.”

This agreement is expected to bolster relations between the two countries and advance Russia’s interests in the region.

In December last year, the two countries first signed the nuclear energy deal in Moscow which was to see Russian scientists set up a Centre for Nuclear Science and Technology in Kigali.

In May early this year, Rosatom Global a Russian government nuclear parastatal reached an agreement to set up the nuclear plant by 2024. The Russian government says it will help in the advancement of technology in agriculture, energy production and environmental protection in Rwanda.

A Russian press reported that in June, Rwanda started negotiations to purchase Russian missile defence systems and signed agreements to develop a military simulation and training centre in Kigali.

Also Read: Russia and Uganda sign nuclear deal

The deal …

Uganda Revenue Authority(URA) disagreed with importers over a recent proposal to amend payments of customs duty.

URA wants custom duty to be paid at the port of entry while importers prefer payments to be made under the current system which is once the goods are in the country.

A notice signed by the Uganda Revenue Authority commissioner customs, Dickson C Kateshumbwa, stated that all payments for home consumption declarations to Customs will be valid for only 72 hours from the date of assessment as opposed to 21 days reflected on payment registration notices which it said will be effective immediately.

Bond warehousing has been banned for milled and broken rice, sugar, wines and spirits except at duty-free shops. Also, building materials, tubes and motor vehicle tyres motorcycle tyres, used motor vehicles that are 14 years old from the date of manufacture, garments, dentifrices and footwear were also included.

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