Kenyatta University Launches A Business Incubation Centre

“With the challenge of unemployment facing our country, Kenya requires special concerted efforts that involve a multi-sectoral approach in order to offer practical solutions”, said the Kenyan Minister for Trade, Chirau Ali Mwakwere. The minister was speaking during the launch of Chandaria Business Innovation and Incubation Centre (C-BIIC) at Kenyatta University (KU). He commended the … Read more Kenyatta University Launches A Business Incubation Centre

Rupert Murdoch – Allegations Against News of the World are “deplorable and unacceptable”

Rupert Murdoch has flown to the UK to oversee and investigation into the operations of UK tabloid, News of the World. The paper released its final edition today after the parent company, News International, closed it down following allegations that journalists at the paper had paid police for information and hacked into the voicemail accounts … Read more Rupert Murdoch – Allegations Against News of the World are “deplorable and unacceptable”

Rolls-Royce Motor Cars Celebrate Record Half-Year Sales

Sales of Rolls-Royce motor cars have increased by 64 per cent for the first half of 2011 compared to the same period last year, the company announced on 7th July 2011. A total of 1,592 new cars have been delivered to customers, the best sales figures since the company was launched in 2003. Torsten Müller-Ötvös, … Read more Rolls-Royce Motor Cars Celebrate Record Half-Year Sales

Saks Fifth Avenue to Open in Kazakhstan

Saks Fifth Avenue will open a store in Almaty, Kazakhstan, in August 2012, it has been announced. 91,000 square feet will be devoted to the well known USdepartment store brand alongisde other luxury outlets at the Esentai Shopping Mall. The high-end shop will also fit a three-storey high digital video screen on the outside of the building. … Read more Saks Fifth Avenue to Open in Kazakhstan

Weak Jobs Report Expected in the US

The US financial markets were closed for the July 4th weekend holiday yesterday, ensuring other indices around the world were cautious and with low volume. The next important release that could potentially create volatility in the markets is the June Jobs Report. Last week world indices increased gains and closed higher on a falling US … Read more Weak Jobs Report Expected in the US

Bentley Reinvesting Against Backdrop of Increased Sales

Bentley announced strong sales for the first six months of 2011, with 2,978 new cars being sold, which is 20% higher than for the same period last year. The United States of America remain the largest market for Bentley, followed by China, where sales have risen by 57 per cent. This means that one in … Read more Bentley Reinvesting Against Backdrop of Increased Sales

US Indices record best week in two years

After a very volatile few weeks around the world for stock and share indices, the major US indices, DOW, NASDAQ, and S&P 500 finished the week on a postive note, achieving their best week in two years. The chronic middle east crisis and European debt issues have spooked global markets over the last few months. … Read more US Indices record best week in two years

Kenya Power Shelves Plans to Review Cost of Electricity

Kenya Power and Lighting Company (KPLC) has shelved plans to review power tariffs this year, citing the current tough economic times Kenyans are facing due to rising inflation. The power distributor reviews power tariffs every three years and was due to announce new tariffs on 30th June 2011 in accordance with the Energy Regulatory Commission … Read more Kenya Power Shelves Plans to Review Cost of Electricity

Kenyan Economic Council Forecasts 3.5 – 4.5% Growth Rate

Kenyan economy is expected to grow at between 3.5 and 4.5 per cent in the 2011/2012 financial year, Kenya’s National Economic and Social Council (NESC) has noted. NESC which held its 25th full council meeting in Naivasha, Kenya, said the lower economic growth compared to the last financial year is a result of high oil … Read more Kenyan Economic Council Forecasts 3.5 – 4.5% Growth Rate

Kenya: Consumer Confidence Index Drops by 3%

Kenyan’s consumer confidence has dropped by three points in the past six months. This has been attributed to persistent political wrangling – creating endless uncertainties and biting inflation that has hit the 14.5 percent mark. “Majority of the people are continuously losing confidence in the future of the country,” said Melisa Baker, the CEO of … Read more Kenya: Consumer Confidence Index Drops by 3%

Kenya: Funds Launched for Young Entrepreneurs to Mitigate Climate Change

The Embassy of Denmark has signed an agreement with the Alliance for a Green Revolution in Africa (AGRA) which is expected to revolutionize inventions in Renewable Energy and Adaptation to Climate Technologies (REACT) through the Africa Enterprise Challenge Fund (AECF). The contribution which a mounts to a tune of Sh 1.1 billion will be drawn … Read more Kenya: Funds Launched for Young Entrepreneurs to Mitigate Climate Change

Kenya: Accelerating Use of Photo-Voltaic Solar Panels, Hydro-Power & BioGas

Kenya’s Ministry of Energy is running a programme of installing solar photovoltaic electricity generators in public institutions in arid and semi arid areas (ASAL) which are situated more than 15 kilometers from the national grid. The programme has been running from the financial year 2005/2006 and was initially set to benefit boarding Primary Schools, both … Read more Kenya: Accelerating Use of Photo-Voltaic Solar Panels, Hydro-Power & BioGas

Mapping Digital Media in Morocco – Mobile is Next Major Trend

Before the 1990s, the prevailing media practices in Morocco were partisan, administrative, and authoritative in nature. The country witnessed significant growth in print, broadcast, and digital media. This signalled a 180-degree turn in the form and function of the media. The new market-oriented media landscape has served to reduce mass media reliance on government funding … Read more Mapping Digital Media in Morocco – Mobile is Next Major Trend

Kenya: Consumer Group Slams 25% Increase in Electricity Prices

The Consumer Federation of Kenya (Cofek) has warned that the Kenya Power and Lightening Company (KPLC) proposal to increase the cost of power to the consumer by 25 percent is ill – timed. Cofek has said this will translate to an average increase of about Sh 400 to monthly consumer bills. “While Cofek appreciates that … Read more Kenya: Consumer Group Slams 25% Increase in Electricity Prices

Nissan’s UK Plant Celebrates Production of One Million Qashqai Vehicles

The Nissan car manufacturing plant in Sunderland, England, has just produced its millionth Qashqai after just over four years of manufacturing. The plant, which produces an average of 1,200 Qashqais per day over three shifts, runs for 24 hours a day to meet the demand for the crossover car. More than 80 per cent of … Read more Nissan’s UK Plant Celebrates Production of One Million Qashqai Vehicles