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  • Stricter SIM registration rules in the offing

    December 11, 2013 3:15 PM 25

    NAIROBI, Kenya, Dec 11 – All agents and dealers selling mobile phone SIM cards will have to be officially licensed by the respective mobile operators once the revised Registration of Subscribers of Telecommunication Service Regulations are gazetted. ICT Ministry Principal Secretary Joseph Tiampati said the move will help to completely do away with hawking

  • Tullow Oil Abandon Dry Well in Ethiopia, But Strike More Oil in Kenya

    December 11, 2013 11:36 AM 31

    Africa-focused oil explorer Tullow Oil today said that it would abandon one of its wells in Ethiopia. The news sent Tullow’s share price plunging more than three percent in London trading. London-listed Tullow oil said in a statement today that its Tultule-1 wildcat well in the South Omo block onshore Ethiopia had reached a total depth of 2,101 meters

  • Kenya needs better coordination to fight illicit money flows

    December 10, 2013 4:14 PM 41

    Source: Thomson Reuters Foundation - Tue, 10 Dec 2013 12:00 PM NAIROBI (Thomson Reutes Foundation) - The amount of illicit money entering Kenya from faulty trade invoicing, crime, corruption and shady business activities has increased more than five-fold in a decade, new data has shown. The data, calculated for Thomson Reuters Foundation by Global Financial

  • For many, Mandela's promise for better life unfulfilled

    December 9, 2013 11:41 PM 40

    Now that he's dead, residents have little faith the government will help improve their lives. ALEXANDRA, SOUTH AFRICA – Tucked behind a black steel gate and a partially collapsed cement wall with barbed wire sits Nelson Mandela's first house when he moved to Johannesburg in 1940. A pile of garbage and a giant nylon bag full of empty bottles stand at the entrance

  • Kenya Railway Corporation to Transform Nairobi’s Transport System

    December 9, 2013 1:14 PM 26

    After several years of laying in an almost-defunct state, Kenya Railway Corporation (KRC) is up and running again with plans to transform Kenya’s congested traffic by introducing modern railway transportation. According to a report by the Star newspaper, KRC have revealed the scheduled launch of a modern commuter railway system in Nairobi next week as part of the Nairobi

  • Saudi Arabia Airline, Kenyan agency go to court over breach of contract

    December 8, 2013 9:42 PM 26

    NAIROBI, Kenya - Lawyers for an International airline with operations in Kenya have sought more time to reply to an application by a local travel agency, which seeks before the court to have it deposit Sh5 million as security. Saudi Arabia Airline counsel told High Court Judge Francis Gikonyo that he had not responded to the application, which Express

  • Airtel wins African operator of the year 2013 award

    December 8, 2013 3:21 PM 76

    Executives including telecoms CEOs, vendors, ministers and regulators attended the eighth edition of the event at a 300-strong gathering at the Awards gala dinner held at Jumeirah Emirates Towers in Dubai. The award recognises excellence within the telecoms sector across the Middle East and Africa. By beating some seriously strong contenders on the shortlist

  • Family Bank launches PESAMOB virtual bank

    December 8, 2013 12:54 PM 30

    The new PESAMOB virtual bank geared at deepening financial services access by easing account opening and operation processes will run on Family Bank’s PesaPap! platform. Primarily targeting to foster financial inclusivity to more than 5 million small and medium traders alongside unbanked mobile subscribers, the new PESAMOB virtual bank is expected to revolutionalise

  • Uhuru launches commercial tree growing programme

    December 7, 2013 2:29 PM 26

    Key among them, the President said, include creation and strengthening of Forest Conservation Committees and Community Forest Associations to instil a sense of ownership on communities. “These community-based structures are at the forefront of forest protection and play a watchdog role, often whistle blowing whenever threats to forest conservation are detected

  • Housing Finance to build 220 housing units in Kiambu

    December 6, 2013 7:23 PM 27

    Kahawa Downs Development Estate is the second joint venture project between Housing Finance through its wholly owned subsidiary Kenya Building Society (KBS) and a land owner. Under the agreement, Housing Finance will develop the 220 units comprising of 2 and 3 bedroom apartments. The apartments which will sell at between Sh5million and Sh6 million are set for completion