September 25, 2016

US firm likely to fund Nairobi-Mombasa six-lane freeway


Talks on funding the construction of a six-lane highway got off on the right foot after the Kenyan and US government and an engineering firm held a successful meeting. Finance Minister Henry Rotich and Elizabeth Littlefield, head of the US government’s Overseas Private Investment Corporation (Opic), signed a “letter of interest” regarding the Nairobi-Mombasa highway project on the sidelines of the US-Africa Business Forum in New York on Wednesday. California-based Bechtel, one of the world’s largest engineering and construction companies, is also involved in the financing discussions. The US Export-Import Bank is simultaneously working with Bechtel to secure investment for…

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Kenya won’t need our aid in four years, says Netherlands


The Netherlands says it will stop giving Kenya aid in the next four years on account of the country’s “significant” economic growth. The Dutch Minister for Foreign Trade and Development Cooperation, Lilianne Ploumen, told the Dutch Parliament this week that the relationship between The Netherlands and Kenya — after 2020 — can be labelled “trade partners” only, hence the decision to scrap aid. Ms Ploumen said in a statement outlining the new direction between the two countries that the Kenyan economy had grown significantly over the past decade. The move is expected to impact Dutch support for programmes in Kenya…

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How Imperial Bank bosses stole billions from depositors


Former Imperial Bank managers, Naeem Shah and James Kaburu, were the key players in the multi-billion shilling fraud scheme that enabled long-serving chief executive Abdulmalek Janmohammed to siphon out depositor funds and use fictitious accounts to cover it up, a forensic audit report by American firm FTI Consulting says. Imperial Bank’s receiver managers say in court papers that FTI’s investigators had found that Mr Shah, aside from authorising the transfer of funds between fictitious bank accounts, was also in charge of ensuring that fish firm W.E. Tilley did not appear in the lender’s financial records. The audit also revealed that…

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Kenyan woman in US fell sick after visiting family back home. She was a ghostly sight. What could it be?


“You really need to call your doctor,” the woman’s friend said, shocked at the sight of the figure who met her at the door. “You look awful.” The woman, who was 50, had just been discharged from the hospital, but she didn’t feel any better than she did when she was admitted a week earlier. Indeed, she hadn’t felt well for nearly three months since returning from a visit to her family in Kenya. To her friend, the woman seemed a ghost of her former self. She had lost nearly 30 pounds — from a frame that was small to…

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Yahoo says ‘State-sponsored actor’ hacked 500 million accounts


This is nothing to say “Yahoo” about. Yahoo confirmed today a massive security breach impacting 500 million users and said it believes a “state-sponsored actor” is behind the hack. The internet company is currently in the process of being acquired by Verizon. “Based on the ongoing investigation, Yahoo believes that information associated with at least 500 million user accounts was stolen and the investigation has found no evidence that the state-sponsored actor is currently in Yahoo’s network. Yahoo is working closely with law enforcement on this matter,” Bob Lord, Yahoo’s chief information security officer said in a statement. The stolen…

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[VIDEO] Dallas Based Gospel artist releases a single “Salama”


A Kenyan living in Dallas, Texas has released a new single “Salama”. Minister Jesse Maringa relased the song on September 20th.  Salama, is the Swahili Word for Secure’ or ‘Safe’. This New Sound is an Upbeat, Exciting Praise Song, Celebrating the Redemption, Restoration, Re-Birth & Renewal of the Life, Ministry and Family of Minister Jesse Maringa. This new Single Hit is a part of this Sophomore Album “CREATED TO WORSHIP.

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[VIDEO] American Artist Trey Songz enjoys a matatu ride in Nairobi


American artist Trey Songz arrived in the Nairobi on Tuesday and did not waste time before getting to know the Nairobi matatus. The singer psoted a video on Instagram as he rode on a matatu and he along with his group seem pretty pumped up. The singer was in a Rongai-based matatu accompanied by Kenyan rapper Nyashinski. “We are in matautu baby..yeah! Guess whose in Nairobi?” Trey Songz quipped. Trey Songz and Nyashinski will join other African artists at Coke Studio, where they will record a collaboration. Trey Songz in a Matatu #Nairobi @TreySongz #MatatuCulture #254 A video posted by…

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[VIDEO] US late night show challenges people on the streets to spell the name Lupita Nyong’o for a prize


US late night show Jimmy Kimmel Live took to the streets to find out if anyone could correctly spell the name of Oscar winner Lupita Nyong’o. The challenge started with a $5 prize and doubled everytime someone got it wrong. One person spelled it but misses the apostrophe. The eventual winner bagged a total of $1,280

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Kenyan techies’ app wins Sh101million in Clinton-backed fund contest


Developers of Magic Bus Ticketing, a mobile phone application that enables booking of public transport, have secured a Sh101 million ($1 million) grant from a Bill Clinton-backed fund after emerging top out of six finalists. The Hult Prize finalists were crowned overall winners of the startup funding for their idea of digitising booking, pre-payment and on-board payment of fare for commuters in Kenya. The idea was borne out of a challenge for the Hult Prize, funded by Clinton, whose contest this year was the creation of a better model to connect people to goods and services in crowded urban spaces….

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Asian healthcare giant opens Sh253 million centre in Nairobi


One of Asia’s fastest-growing healthcare companies has opened a 5,300-square-foot multi-speciality clinic and diagnostic centre in Nairobi. The centre by Columbia Asia, its first in Africa, will offer affordable, modern and efficient healthcare at Park Place off Limuru Road in Parklands. Operating under the name ‘Columbia Africa’, it will specialise in family and internal medicine, pediatrics, gynaecology, general surgery, orthopedics, ophthalmology and dental care. Health checks and tele-medicine will also be offered, allowing patients to consult with specialist doctors at Columbia Asia hospitals. The company has 27 hospitals and a clinic in India, and other facilities in Malaysia, Vietnam and…

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