Economy

Money matter – Finance

M-Pesa makes up to 1,200 transactions every second

December 24, 2018

Customers queue outside an M-Pesa shop in Nairobi Safaricom boss Bob Collymore has said the giant telco company  is expanding its M-Pesa systems to take 1,200 transactions per second. In a statement, he attributed the recent outage that lasted four hours to the system upgrade. Latest Communications Authority telecommunication sector statistics shows that Safaricom carried […]

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Relief to M-Pesa users as Safaricom restores the service after hours of countrywide outage

December 9, 2018

Telecommunications giant Safaricom has apologised to millions of Kenyans who use M-pesa after the Saturday’s countrywide M-Pesa outage that it said was caused by corruption of critical information that the services rely on. Those who tried to access the Mpesa services could not with the company saying in a late night statement the issue was […]

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Ethiopia overtakes Dubai as top feeder of air traffic to Africa

November 30, 2018

Ethiopia has overtaken Dubai as a conduit for long-haul passengers to Africa, highlighting the success of the state airline’s expansion drive and the reforms of its new prime minister. Travel consultancy ForwardKeys said on Wednesday Addis Ababa airport had increased the number of international transfer passengers to sub-Saharan Africa for five years in a row, […]

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Trump studying new auto tariffs after General Motors restructuring

November 29, 2018

Trump studying new auto tariffs after General Motors restructuring By Reuters WASHINGTON – US President Donald Trump said on Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the US layoffs and plant closures that General Motors Co announced this week. Trump said on Twitter that the […]

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What the Blue Economy Conference in Nairobi is all about

November 26, 2018

Kenya will for the next three days host the Sustainable Blue Economy Conference, a high-level meeting that is expected to be a game changer in the country and across the globe. At least 10 Heads of State and government, heads of international organisations and over 10,000 participants from various countries have registered for the conference […]

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President Uhuru’s new approach to sustainable blue economy

November 26, 2018

NAIROBI, KENYA: President Uhuru Kenyatta has called for collaboration among countries to confront threats to world water bodies. Speaking at the ongoing Sustainable Blue Economy Conference in Nairobi, the president noted that human activity had continued to affect the importance of oceans adversely. “We have paid inadequate attention to the impact of human activities on […]

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