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  • Nairobi Bridge that is home to all kinds of business

    May 23, 2017 5:25 AM

    The bridge in the heart of Nairobi that was built to link the University of Nairobi and the city centre has attained new meaning for beggars, hawkers, muggers, and even prostitutes. The footbridge has become different things to different people. To the hawkers, it is a place to sell their wares, beggars find compassion, and muggers get their prey. To those

  • Africa in Dire Need of Cashless Economy

    May 21, 2017 7:34 PM 5

    India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country’s 1.3 billion people. Africa should set a similar goal—and take the first step by establishing a monetary union. Of course, achieving a cashless society is not an end in itself

  • Safaricom opens regional hub for Eastern Kenya

    May 20, 2017 5:57 PM 13

    Safaricom opens regional hub for Eastern Kenya. Safaricom has opened its 45th shop in Kitengela town and unveiled its Nairobi East Regional Office as part of its ongoing strategy to increase customer touch points. The Nairobi East Regional Office, situated at the Sameer Business Park will act as a hub for the wider Machakos, Kitui and Makueni counties

  • Tanzania freezes assets of anti-graft official

    May 19, 2017 6:42 PM 1

    Tanzania’s anti-graft watchdog said it had frozen the assets of its chief accountant and planned to charge him with corruption, part of an aggressive anti-graft drive in which thousands of officials have already lost their jobs. The state-run Prevention and Combating of Corruption Bureau (PCCB) said it had secured a magistrate’s order freezing the assets

  • Luxury car vending machine opens in Singapore

    May 19, 2017 2:51 PM 1

    A futuristic 15-story showroom in Singapore dubbed the "world's largest luxury car vending machine," has opened offering customers million-dollar supercars, including Ferraris, Bentleys, Lamborghinis and Porsches. The facility built by used car dealer Autobahn Motors (ABM) simulates a "fish-bone" system capable of minimizing wind resistance. About 60 luxury

  • Motor industry in decline as sales fall 27 per cent

    May 19, 2017 7:37 AM 1

    The motor industry has sustained the drop in sales of new vehicles witnessed in 2016, with the numbers in the first quarter of this year declining by nearly a third. New vehicle sales fell 27.4 per cent in the three months to March, pointing to a gloomy 2017 for the industry that has attracted major brands to start production locally. According to Kenya

  • Volvo eyes Sh2.5bn assembly line to rev up Kenya sales

    May 18, 2017 7:17 PM 2

    Volvo Trucks will roll out locally assembled lorries in 2018 as part of a Sh2.5 billion ($25 million) investment. Volvo Trucks’ local dealership partner, Necst Motors, will provide the capital for the establishment of an assembly line to be housed at the Associated Vehicle Assemblers (AVA) plant in Mombasa. Necst has also committed to set up 20 Volvo

  • Treasury yet to release money to pay doctors when on strike

    May 18, 2017 11:53 AM

    MERU, KENYA: Counties are yet to receive money to pay doctors for the three months they were on strike, council of governor's chairman Peter Munya has said. The governor however said Meru County, will have to pass a supplementary budget to pay the medics. "For now we urge the doctors not to go slow as their money is in the pipeline," Munya said. "We received

  • 23 sentenced in Ethiopia for al-Qaeda, al-Shabab links

    May 17, 2017 4:58 PM 2

    ADDIS ABABA, Ethiopia (AP) A court in Ethiopia has sentenced 23 people to as much as 15 years in prison for establishing links to the al-Qaeda and al-Shabab extremist groups. The Ethiopian Federal High Court says they had been accused of planning to carry out terror attacks inside the East African country. The state-affiliated Fana Broadcasting Corporate

  • Tencent reports 58 percent jump in first-quarter profit

    May 17, 2017 1:37 PM 3

    (Reuters) – Tencent Holdings Ltd, China’s top gaming and social media firm, reported a 58 percent rise in quarterly profit on Wednesday, aided by growth in online games, payment-related services and advertising. Net profit attributable to the company for the three months ended March 31 was 14.48 billion yuan ($2.10 billion), up from 9.2 billion yuan a year earlier