Abacus Wealth Management

8 Things You Should Know this Morning

1. Safaricom Sacks 70 workers over Theft and Bribery

Safaricom has sacked about 70 employees in the past one year over fraud, in what highlights the rising cases of economic crime in corporate Kenya. The mobile telephone company said it had detected 114 cases of economic crime, including accounting fraud, asset misappropriation and bribery in the past year, which led to the sackings and prosecution of 16 workers.

2. Someone Tweet 911

Securex, a private security firm with operations across East Africa offers a service where a tweet gets you the response you need.  They use live online feeds on Twitter and Facebook to keep clients posted on security issues that would otherwise go unnoticed. Updates are posted in real time.

3. How to Save on Funeral Expenses

Many people are surprised by the costs and expenses they incur when a loved one dies. Of course, these costs arrive at an already difficult time, often well before life insurance claims can be made or an estate can be settled. Matters are made even worse for those without any form of funeral cover or regular income. This story tells us more on how to cut costs on the day when we won’t matter.

4. Two new universities

On Friday, the commission issued letters of interim authority to Riara University and Pioneer International University.  Riara University which will be offering programs including, Bachelor of Business Administration and Bachelor of Arts in Education among others, and has a school of law and a school of business. Pioneer International University will be offering programs including Bachelor of Commerce and Bachelor of Science in Information Technology.

5. Biting The Hand That Treats You

Everyone is speaking about the Doctors strike. But what is really happening? Speaking at an open forum on Thursday evening, the doctors gave pesatalk some much needed answers.

6. Kenol Kobil Posts KES 3.8 Billion in Losses and Suspends all Key Projects

Insiders have linked the loss, the firm’s biggest in history, to a private oil import it made between April and May which it sold at a loss.

KenolKobil attributed the negative performance to the depressed global economic environment, falling international oil prices and turbulent local conditions — with high inflationary pressure, high borrowing costs and foreign exchange rate fluctuations.
7. Obama asks A Hawaian Born Boy if he Has a Birth Certificate
President Barack Obama made a rare, light-hearted reference to the controversy over his birth certificate on Saturday at a restaurant in Florida where he met a young boy who, like the president, was born in Hawaii. “Do you have a birth certificate?” Obama asked the boy, drawing laughter from the table. Wupperman turns 7 next week.
8. Why Success is Not Like Pornography
” I hear this same phrase from many people about success. They can’t define it but they’ll know it when they get there…well, maybe, or maybe not.” Kevin Daum explains key differences between success and pornography.
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