1. Airtel Invests in Life insurance
Bharti Airtel partners with Sanlam, one of South Africa’s leading financial providers. The mobile phone service provider has announced that it will be using its East, West and South African reach to help the insurer distribute its services.
2. Relief for Borrowers as Central Bank Cuts Rates Again
The Central Bank‘s Monetary Policy Committee yesterday announced a reduction in the base lending rate (Central Bank Rate) by 350 points to 13% down from 16.5%, a rate set in July. This is a welcome move for borrowers as banks are expected to lower interest rates they charge on loans. Commercial banks peg their lending rates on the CBR.
3. If you were the next Steve Jobs
Whether you're an assiduous manager, a chin-stroking economist, a superstar footballer, or a rumpled artist, here's the unshakeable fact: you don't get to tomorrow by solving yesterday's problems.
4. Kenya Spends KES 25 Million on a Second Port
The Kenyan government has agreed with oil-rich South Sudan to build a 2,000-kilometer (1,243-mile) pipeline to the northern Kenyan coastal town of Lamu. Early-stage construction began in March to clear the way for a deepwater port that will serve Kenya’s underdeveloped north, SouthSudan, Ethiopia and Uganda.
The teachers’ strike enters its fourth day today after pay talks between the government and trade unions were suspended on last night.
6. First conviction in Anglo Leasing Made
Former home affairs permanent secretary Sylvestor Mwaliko was found guilty of abuse of office and fined him 3 million shillings ($35,400) yesterday, the first conviction related to the multi-million dollar Anglo Leasing corruption scandal.
7. Stay Calm, Hauwei is NOT fake
Wind Li, Huawei Kenya Representative Office CEO, has assured Kenya that original Huawei phones will not be switched off on 30th September when the CCK puts of all fake phones across the country.
8. E-Waste Dilemma Over Fake Phones
Kenya is seeking a safe way of disposing of electronic waste that is likely to flood the country after the planned switch-off of fake mobile phones on September 30. According to the National Environment Management Authority (Nema), the country does not have the resources needed to handle the expected flow of fake electronics.
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