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Acacia Mining Plc has registered a 13 per cent fall in gold production for the first quarter of 2019, attributing the decline to lower output at its North Mara and Buzwagi mines.

The company`s Interim CEO, Peter Geleta said in a statement accompanying the quarterly report that gold production stood at 104,889 ounces , with ounces sold for the quarter standing at 104,985 ounces and in line with production.

Production in the first quarter was affected by unanticipated production issues at North Mara, which produced 66,324 ounces of gold for the quarter, cited as a 14 per cent year-on-year decrease.

The lower output was mainly driven by the consequence of a fall of ground in the Gokona underground mine in December, as well as an excavator breakdown in the Nyabirama open pit.

The fall of ground at Gokona prevented access in the quarter to two higher-grade stopes in the east, …

The portal allows users to quickly request for and receive an instant tender security

NIC Ventures, a subsidiary of NIC Group, in partnership with Masterpiece Fusion have launched an online platform dubbed “BeeDee” for trading of securities, in the wake of a strong demand in trade finance.

The platform offers a more convenient, quick and efficient self-service process for both customers and non – customers seeking to quickly request for and receive bid bonds.

BeeDee portal, is available on mobile devices and web through a mobile phone application and web portal respectively, allowing high availability and mobility since its accessible anywhere and anytime.

James Muigai, NIC Ventures Limited General Manager notes the new online service would offer companies and business entities convenient and fast access to bid bonds for various tenders they bid for since the online process takes few minutes, hence absorbing the delays experienced during the manual bidding …

Despite the immense potential for regional value chain development, West African exports more than 70 per cent of goods to Europe and North America.…

Education stakeholders meeting in Kenya have urged for curriculum reforms to be learner-centered

The Aga Khan University in Nairobi has organised a major education stakeholders as it aims at evaluating the development of education in the East African region.  The conference theme is Maximizing Educational Change: Research, Policy, Leadership, Technology and Curriculum and will run until April 17.

The conference, is hosted by AKU’s Institute for Educational Development, brought together around 100 policy makers, teachers, and education stakeholders to discuss relevant issues affecting education in East Africa.

The Chairman of the Commission for University Education, Prof. Chacha Nyaigotti-Chacha has advised education stakeholders to ensure that the ongoing curriculum review process is learner-centered.

Noting that the review of the current educational structure is inevitable, Prof. Chacha told stakeholders to ensure that they do not exert their influence to the process, at the expense of the pupils and students who need the …

Members of Parliament from eastern African countries are on 15^th April, 2019 expected to launch the Eastern Africa Parliamentary Alliance for Food Security and Nutrition (EAPA FSN) – a sub-regional platform aimed at promoting the right to food in eastern Africa through improved legislation.

According to a statement issued on 14^th April, 2019 by the Food and Agriculture (FAO) of the United Nations, the launch is in line with the first annual meeting in Tanzania in 2019.

The platform came after realizing that malnutrition continues to be a major impediment to economic development, whereby it is estimated that 58 million children under the age of five years are too short for their age (stunted) in Africa.

`Childhood malnutrition is costing the African economy about 11 per cent of Gross Domestic Product (GDP) every year, whereas preventing malnutrition delivers $16 in returns on investment for every $1 spent in …

The service guarantees security and in-call stability, Telkom says

Telkom has introduced a new cloud-based fixed voice service dubbed “Omniconnect”, allowing SMEs and corporates to outsource for robust and secure cutting-edge technology.

Telkom Hosted PBX service will deliver a world-class end-to-end software and hardware system, powered by global technology company Avaya.

Besides making and receiving calls, the service will also offer other features such as conference calls and the ability to integrate with email and the mobile phone.

The subscription-based service will eliminate the need for businesses to make heavy initial capital investment to acquire and maintain the fixed telephone system; nor will they have to host the same on their premises.

Businesses can also flexibly upgrade or scale down the service, in line with changing needs and technology trends.

Telkom Enterprise MD Kris Senanu, said: “This solution will free corporates and SMEs to focus on their core businesses, without …

Equity Group Holdings was the day’s main feature with 2.3 million shares traded

The week’s trading at the Nairobi Securities Exchange (NSE) opened on a modest pace marked by low volumes and value of shares.

The bourse opened the week with a total of seven million shares valued at Ksh219 million (US$2.2 million) against 9.3 million shares valued at Ksh249 million (US$2.5 million) posted on Friday.

The NSE 20 share Index, which tracks blue chip companies, was down 15.38 points to stand at 2899.41.

All Share Index (NASI) shed 0.58 points to settle at 157.33.  Equally, the NSE 25 Share index dropped 8.23 points to settle at 3957.02.

Banking

The banking sector had shares worth Ksh148 million transacted which accounted for 67.76 per cent of the day’s traded value.

Equity Group Holdings was the day’s main feature with 2.3 million shares valued at Ksh100 million changing hands at between Ksh42.75 …

2018 profits dropped to US$6.1 million from US$18.8 million in 2017

Cement manufacturers-Bamburi Cement has expressed concerns over the Uganda-Rwanda border row, warning it could derail its earnings.

This comes amid a drop in net profit for the year 2018, reported at Ksh614 million (US$6.1 million) down from Ksh1.9 billion (US$18.8 million) in 2017.

“The difficulties experienced in the Uganda-Rwanda border have significantly impacted exports to Rwanda from Uganda and the Group hopes this matter is resolved expeditiously,” the company said in its financial statement signed by Chairman John Simba and Group Managing Director Seddiq Hassani.

The Nairobi Securities Exchange (NSE) listed firm has however reported a 3.7 per cent jump in turnover, from Ksh36 billion (US$3.6 billion) in 2017 to Ksh37.2 billion (US$3.7 billion) in 2018 as cement volumes grew by nine per cent.

“The Group achieved this growth despite a market decline of five per cent in Kenya, …

Central Africa remains one of the continent’s least integrated regions due mostly to an infrastructural deficit and several other barriers…

In a 2018 report by the World Health Organization (WHO), it was revealed that within Africa, about 15 per cent of all hospital activity and expenditure was a direct result of adverse events, and the costs of treating safety failures amount to trillions of dollars each year.

The investments needed to improve patient safety pale in comparison to the costs of harm.

Millions of patients across Africa die or are injured every year due to unsafe and poor quality healthcare. A majority of these cases could be avoidable through the implementation of digital health technology, with out-of-hospital care and monitoring forecasted to grow globally by 30 per cent to cross the $25 billion mark in 2019.

Ryan Sanderson, Exhibition Director of Africa Health Exhibition and Conferences, explains that the demands on healthcare systems in Africa are also increasing as non-communicable diseases, such as cancer, hypertension, diabetes and heart disease are …