Opinion: connectivity a bedrock for riding the fourth industrial revolution wave

By Adil Youssefi, CEO, Liquid Telecom, East Africa Region   While much is made of the potential of new technologies like cloud, IoT, AI and Blockchain, their success depends entirely upon ubiquitous connectivity.   There can be little doubt that the much-touted Fourth Industrial Revolution (4IR) is underway, to the extent that this latest evolution could be described being less about the technology itself than how to use it to enable advancement.   The 4IR could be seen as being about the ‘rise of connectivity’, which will unlock new avenues for…

Alexander Forbes clienteles wins big from Octagon services deal

A new strategic partnership has been entered into under which Octagon Africa will serve Alexander Forbes multinational clients with a presence in Kenya.  This strategic partnership comes after Alexander Forbes’ review of its strategic business and operating model in March 2019, and to exit emerging markets and strategically reposition with credible partners to deliver and support their clients operating in the specific country.   Through this strategy we have a platform to work with a network of partners while maintaining the ability to deliver excellent service and solutions to our…

African Legal Support Facility launches new handbook on sovereign debt at 10th anniversary

The handbook discusses the fundamentals of sovereign debt, including the technical, financial and legal aspects of debt instruments and the markets in which they are traded. The African Legal Support Facility (ALSF) has launched a handbook on sovereign debt aimed at improving users’ understanding of the subject and offering development and implementation strategies and tips to avoid over-indebtedness. The Handbook on Sovereign Debt, produced by the ALSF in collaboration with 11 prominent debt professionals, was officially launched February 27 in Abidjan, on the first day of a High-Level Forum, convened…

The EurAfrican Forum in search for a common ground between Europe and Africa

2020 edition will look for new opportunities for both continents as it unveils its theme In Search for a Common Ground. The 3rd edition of the EurAfrican Forum (www.EurAfricanForum.org) to be held on July 2nd and 3rd in Cascais, Portugal will be gathering over 700 European and African key actors from more than 60 countries; 2020 edition will look for new opportunities for both continents as it unveils its theme In Search for a Common Ground; The program will focus on key topics as Africa and Europe relations, Free Trade Agreements, Climate Change, African Arts and…

United Nations Mission in South Sudan (UNMISS) inaugurates New Solar Panel Farm to generate Renewable Energy at UN House, Juba

The installation is expected to significantly reduce the peacekeeping mission’s use of noisy, expensive and excessively fuel-consuming generators. The United Nations Mission in South Sudan has inaugurated a new solar panel farm at one of its compounds in the capital Juba. The installation is expected to significantly reduce the peacekeeping mission’s use of noisy, expensive and excessively fuel-consuming generators. “These solar panels can save the burning of about 3,000 litres of fossil fuel every day,” Asharam Nhemafuki, an engineer serving with the peacekeeping mission, said. Since 2011, the peacekeeping mission…

GAUGING THE ECONOMIC WAVES OF CORONAVIRUS ON KENYA

The Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya, this morning resolved to engage all its members to begin to calculate the projected economic impact of Coronavirus in each sector. The collated input will inform the development of a rapid response mitigation plan to minimize the impact of the outbreak on the Kenyan market. It will also allow the private sector to measure the impact of the expected global slowdown of trade on Kenya. KEPSA is encouraged by Executive Order No 2 ofhttps://www.expresstoday.co.ke/?p=2932&preview=true 2020…

Family Bank clienteles to befit from 100% vehicle cash deal

Family Bank has entered into a partnership with Simba Corporation Limited in a deal that will see customers receive up to 100% financing to purchase vehicles. This partnership will enable Small and Medium-Sized customers in the agribusiness, trade and logistics businesses to conveniently purchase Fuso trucks, Mitsubishi and Mahindra products at competitive interest rates. Business owners in the agribusiness sector and the education and religious institutions will be able to access 100% financing with a five-year repayment period while other business enterprises access 95% financing repayable in a period of…

Google.org announces a Sh100 million grant to promote safe internet use by children

Google.org, has announced a Sh100 million grant to promote safe internet use by children, young people and families in Africa. The organization, which is Google’s philanthropic arm, says the grant will support training by non-profit and social enterprises focusing on privacy, trust and safety in Africa. Charles Murito, Country Director for Google Kenya says the fund will be administered by a third-party partner, on behalf of Google.org. In addition to providing organizations with funds to help support the online safety efforts for children, Google is also looking at expanding programs…

women entrepreneurs in Kenya to benefit from KES10 billion kitty

Absa Bank Kenya PLC has today announced a KES10 billion fund to advance credit to women-owned small and medium enterprises over the next five years as part of the new customer value propositions under the Absa brand. The women fund is part of the bank’s commitment towards advancing diversity and inclusion by empowering women with financial resources and capacity building to grow their businesses. The money will be availed to women entrepreneurs through the existing banking products including unsecured and secured loans, trade finance, asset finance, property finance and working…

Rice importers charged with Ksh1.5 billion Tax Evasion

Two businessmen of Pakistani Nationality were today charged before Mombasa Chief Magistrate Ms Edna Nyaloti for evading tax worth Ksh1.5 billion. The traders, Rahim Qasim and Rameez Gulzar Ali alongside their firm Jhulay Lal Commodities limited were found to have been importing rice into the country while deliberately failing to pay Income Tax. According to investigations, it was established that for the period covering January 2015 and December 2018, the suspects imported rice worth Ksh1.68 Billion. They sold the rice and banked the proceeds in their various companies’ accounts. The…