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  • Laikipia ranchers warn of job losses

    April 23, 2017 3:02 PM

    Laikipia ranchers and wildlife conservancy operators have warned of job losses and freezing of development funds, in an economy on which they claim Sh3.7 billion was spent last year. Their umbrella body, Laikipia Farmers Association, (LFA) said members were contemplating freezing funds to various enterprises to stem losses incurred from reduced commercial

  • World Bank raises sub-Saharan Africa prospects

    April 22, 2017 5:03 PM

    Economic growth in sub-Saharan Africa is seen rising between this year and 2019, helped by better commodity prices, but the continent needs to do more to boost per capita income and create jobs, World Bank Chief Economist for Africa Albert Zeufack has said. Sub-Saharan African economies have been hit by lower commodity prices which has slowed growth

  • Catholic Church micro finance starts operations

    April 21, 2017 5:10 PM

    The Catholic Church has unveiled a micro finance institution to tap into a large unbanked Kenyan population. Caritas Microfinance Bank (Caritas MFB), which was licensed to operate as an MFI by the Central Bank of Kenya (CBK) in June 2015, joins several other faith based financial services providers. Caritas MFB Chairman Patrick Kinyori said the bank would

  • Survey: More homes have electricity compared to 2015

    April 20, 2017 9:19 AM 2

    NAIROBI, KENYA: Kenyans are more connected to national grid compared to a year ago, 2017 economic survey now reveals. The Kenya National Bureau of Statistics says that the number of customers connected under the rural electrification programme rose by 38.2 per cent from 703.2 thousand in 2015 to 972.0 thousand in 2016. The supply of electricity recorded

  • Nigeria: Timeline of Recent Cash Discoveries in Nigeria

    April 19, 2017 11:18 AM 2

    Operatives of the Economic and Financial Crimes Commission (EFCC) has recovered 9.8 million US Dollars and another 74 thousand Pound Sterling in a building in Kaduna belonging to a former Group Managing Director of The Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu. Operatives of the Economic and Financial Crimes Commission (EFCC), Kaduna

  • Kenya's economy grew 5.8 percent in 2016, misses forecast

    April 19, 2017 9:45 AM 1

    NAIROBI (Reuters) - Kenya's economy grew 5.8 percent last year, just above 5.7 percent growth the previous year but still short of forecasts, the statistics office said on Wednesday. A recovery in tourism, boosted the number but other sectors, such as farming and the construction sector slowed down, the director general of the Kenya National Bureau of Statistics

  • 'You are cleaning out our culture': Bangkok to ban street food stalls

    April 19, 2017 3:03 AM 2

    Street food stalls will be banned from all of Bangkok's main roads in a sweeping clean-up crusade, a city hall official said Tuesday, prompting outcry and anguish in a food-obsessed capital famed for its spicy roadside cuisine. For months city officials have hemmed in hawkers of all kinds across the metropolis, where hitting the pavement for everything

  • Trump To Sign Order Directing Tighter Enforcement Of Foreign Work Visas

    April 18, 2017 5:17 PM 2

    President Donald Trump is heading to Wisconsin on Tuesday to sign an executive order that seeks to tighten enforcement and perhaps reform a visa program that allows companies to hire highly skilled workers. Reports out of Washington said Trump planned to sign an order called “Buy American, Hire American” at the Kenosha headquarters of tool manufacturer

  • Safaricom launches Flex to connect usage of Voice Call, Data and SMS

    April 18, 2017 11:13 AM 2

    At this digital age most customers need a service provider who links up essentials such as Voice Call, Data and SMS under one product. Flex a new Safaricom product that enables its’ subscribers to enjoy using all the calls, data and SMS using FLEX bundle which will enable its subscribers to buy in a bundle. A single Flex unit comprises of 3 SMS, 3MB data and 20 seconds

  • Ex-Safaricom chief Joseph set to leave Vodafone

    April 17, 2017 7:00 PM 3

    Former Safaricom #ticker:SCOM chief executive Michael Joseph is set to step down as Vodafone’s director of mobile money later this year as part of a wider plan to disengage from all his full-time roles at the telecom giant. Mr Joseph, who is the chairman of Kenya Airways #ticker:KQ, is also set to relinquish his non-executive director positions at Vodafone’s