Posted by Jambo on July 16, 2015 · Leave a Comment
Sakata Media, a Kenyan content provider, has partnered with a US company, Vuclip, to distribute videos and other content through mobile phones. Sakata produces a number of gospel shows for QTV and K24 and was founded by gospel musician Samwel Kuria (popularly known as SK Blue) and Machel Olome in 2003. The agreement with the California-based Vuclip will enable Kenyan users to pay and access international and local high-quality videos through their mobile phones. “Viewers can now enjoy our expansive catalogue of music videos and shows on mobile without buffering. Vuclip is a strategic partner for us because they treat…
Read More
Posted by Jambo on July 14, 2015 · 1 Comment
Attention to all budding entrepreneurs. The Sharks will be in town for the Global Entrepreneurship Summit next Friday. Three billionaires, who are part of the cast of the American television series ‘Shark Tank‘, will be in Nairobi to join other entrepreneurs in hunting for trade and investment opportunities in Kenya. The three, Barbara Corcoran, founder of Barbara Corcoran Venture Partners, Mark Cuban, owner of theDallas Mavericks basketball team and Daymond John, founder of FUBU fashion line, will be among the key speakers at the summit. The sixth Global Entrepreneurship Summit is co-hosted by Kenya and United States, with President Barack…
Read More
Posted by Jambo on July 11, 2015 · Leave a Comment
A Nairobi motorist is delighted after a car tracking system helped him locate his stolen vehicle on Friday, barely three hours after it went missing in Zimmerman. Mr George Kamande, using a tracking system that can remotely switch off a car’s engine and with assistance from Kasarani police, got back his Toyota Fielder at a yard near Kahawa West before those who stole it could tamper with it. Speaking to the Daily Nation on Saturday, Mr Kamande said it was nothing short of a miracle that a car that went missing around 6:30am was back in his hands by 9am….
Read More
Posted by Jambo on July 11, 2015 · Leave a Comment
Beverly Munga is among many young people whose dream is to get the best education, get a good paying job and of course, live happily ever after. She was privileged to go and study Law in the UK and after eight years, came back with a Masters of Art Degree in Law. But all was not rosy for her. Getting a job was a headache, yet she had to pay bills and survive in Nairobi. Going back to her mother’s house was not an option. It was at this point that Beverly decided to venture into a business, of not…
Read More
Posted by Jambo on July 8, 2015 · Leave a Comment
Central Bank of Kenya governor Patrick Njoroge on Tuesday led his first Monetary Policy Committee (MPC) meeting into increasing the benchmark Kenya Banks’ Reference Rate (KBRR), setting borrowers on the path to paying higher cost of loans. The MPC increased the base rate (KBRR) to 9.87 per cent from 8.54 per cent and raised the policy Central Bank Rate (CBR) for the second time in as many months in a move aimed at taming inflation pressure and stabilising the shilling, which touched the 100 units to the dollar mark on Monday. KBRR’s rise to 9.87 per cent paves the way…
Read More
Posted by Jambo on July 7, 2015 · Leave a Comment
Stima SACCO will be holding a Diaspora launch event on Saturday July 11th, 2015 in Richardson, TX. The event will be officiated by Stima SACCO Chairman Dr Ben Chumo. It will be held at the Holiday Inn Hotel in Richardson-address 1655 North Central Expressway, Richardson TX 75080. ABOUT STIMA SACCO The Society shall give loans and advances of tenors ranging from one month to 60 months or such other tenor as may be determined by the BOD. The amount granted to any one individual will range from 1000 to 10% of core capital or as may be determined by the…
Read More
Posted by Jambo on July 7, 2015 · Leave a Comment
Kenyan cement producers say they are being left out of a $3.8-billion railway project that China Road & Bridge Corp. is building, after the company gave an assurance it would source all of the material domestically. Companies including Lafarge SA’s Kenyan unit and ARM Cement Ltd. asked Kenya Railways Corp., the implementing agency, to provide clarity on CRBC’s local procurement plans, five months after work on the project started, according to ARM Chief Executive Officer Pradeep Paunrana. Kenya Ports Authority data show CRBC importehttps://www.jambonewspot.com/files/category/business/page/d at least 7,000 metric tons of the building material so far this year. “there was an…
Read More
Posted by Jambo on July 7, 2015 · Leave a Comment
Giant social media provider Facebook Inc. (Nasdaq: FB) plans to begin construction on a new data center campus totaling nearly $1 billion in investment in north Fort Worth. The new data center will become a reailty after months of rumors in the real estate community. Gov. Greg Abbott’s office sent out confirmation this afternoon that the project hidden under the name Winners LLC was Menlo Park, California-based Facebook, which plans to break ground late Tuesday morning on a 110-acre data center campus east of the Interstate 35W corridor. The governor plans to be attendance at the groundbreaking. AndRoss Perot Jr….
Read More
Posted by Jambo on July 6, 2015 · Leave a Comment
The shilling weakened on Monday to a fresh three-and-a-half year low, data showed, hitting the 100 level against the dollar for the first time since October 2011. Traders said the shilling started weakening in early trade due to concerns of a widening current account deficit and on a stronger dollar globally after Greeks voted against bailout conditions demanded by their creditors. “It’s because of the Greek vote. The Greek vote caused the Euro to go down, or rather it caused the dollar to strengthen globally,” a senior trader at one commercial bank said. At 0757 GMT, commercial banks quoted the…
Read More
Posted by Jambo on July 2, 2015 · Leave a Comment
Choice Microfinance Bank unveils the bank’s attractive wide range of Products to the diaspora market in tour to meet Kenyans living in the U.S. Choice Microfinance Bank has kicked off a tour to woo Kenyans living in the U.S. to open savings and loans products at the institution with an eye on remittances. With its roots in the diaspora, Choice executives will this weekend be in Boston, MA showcase its innovative products such as money transfer solutions, Kenya’s emerging market such as Investing in SMEs , IT and Service industries as well as manufacturing as well as savings and loan…
Read More
