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  • Physical security market expected to reach USD 158.79 billion by 2022 according to new research report

    June 20, 2017 1:04 PM 2

    According to the new market research report, "Physical Security Market, by Components (Hardware [Intrusion Detection & Prevention, Access control, Others], Software [Physical Security Information Management (PSIM), Management Analysis and Modeling Software], Service [Video Surveillance as a Service (VSaaS), Remote Management Services, Technical Support

  • An Ohio coroner is investigating the death of Otto Warmbier, the student freed from North Korea

    June 20, 2017 1:04 PM 1

    A coroner's office in Ohio is investigating the death of a 22-year-old college student who died less than a week after his return to the U.S. following nearly a year and a half in North Korean detention, a spokesman said Tuesday. The spokesman for Hamilton County Coroner Dr. Lakshmi Sammaraco said the office "accepted the case" of Otto Warmbier, who died Monday

  • Capital markets yet to receive notice of National Bank takeover plan

    June 20, 2017 9:26 AM 5

    Kenya's capital markets regulator said on Tuesday that it had not received any notification about a proposed acquisition by KCB Group of a stake in National Bank of Kenya. In last week’s documents KCB had proposed taking over National Bank through a share swap, saying it would initially take over 70 percent of its shares, before announcing its offer

  • Phase one of Konza City to gobble up Sh200b

    June 20, 2017 7:24 AM 15

    The initial phase of the construction of Konza Technology City will cost a whopping Sh200 billion, the Government has announced. The Vision 2030 project is expected to generate about 17,000 direct high-value jobs, and a further 68,000 indirect jobs once completed. Victor Kyalo, the Principal Secretary in charge of ICT and Innovation at the Ministry of ICT, said basic

  • Scientists discover 10 new Earth-like planets that could support life

    June 20, 2017 6:29 AM 9

    NASA has identified 10 planets orbiting in their star's habitable zone, meaning they could be capable of supporting alien life. The potentially habitable space rocks, which have not yet been verified, are among 219 new planet candidates spotted by NASA's Kepler space telescope in the Cygnus constellation. The habitable zone is the range of distances

  • New cargo trains set to ferry subsidised maize

    June 19, 2017 9:12 PM 4

    Cargo trains will start ferrying goods from Mombasa to Nairobi earlier than planned to ensure subsidised maize reaches the market on time amid a shortage of flour. The standard gauge railway (SGR) cargo trains on the new railway were supposed to start trips in January next year but the current development will see them commence operations much earlier

  • Kenya: Acute Wheat Shortage Looms as Farmers Shift to Lucrative Maize

    June 19, 2017 11:10 AM 4

    High cost of production and dwindling prices are pushing farmers away from wheat farming, with many opting to grow maize and engage in dairy farming which are more lucrative. Agriculture Cabinet Secretary Willy Bett says many farmers have reduced the acreage under wheat due to the shortage of maize witnessed this year, which has pushed up prices

  • Uganda: dfcu Bank Sells Crane Bank Rwanda to Kenya's CBA

    June 16, 2017 11:45 AM 4

    Kampala — dfcu Bank has shed the Crane Bank Rwanda assets and liabilities off its books, choosing to focus on the Ugandan market. On Thursday, CBA Group issued a statement confirming that had been a rumour for over a month that it was acquiring Crane Bank Rwanda. "Commercial Bank of Africa Limited (CBA) is pleased to announce that it has signed a definitive

  • Transporting Goods By SGR Might Not Be Cheaper

    June 16, 2017 6:29 AM 2

    Transporting goods by standard gauge railway trains might not be cheaper after all, clearing and forwarding agents have said. On May 31, President Uhuru Kenyatta flagged off a cargo train at the Mombasa port second container terminal ahead of the launch of freight services in December. According to Kenya Railways managing director Atanas Maina, it will cost Sh50,000 to ferry

  • Dominion Farm workers brace themselves for the worst

    June 16, 2017 6:14 AM 2

    That all is not well at the multi-billion Dominion Farm at Yalla swamp in Siaya County is no longer a secret. Workers have not been paid their salaries for five months now. Grape vine has it that the company with its headquarters in Oklahoma, US, could be planning to relocate to another African country. A senior executive of the company has not been seen at its Siaya