Kenya: Latest News
Dana Sanchez, 2:56 pm
Nigerian senators and members of the country’s House of Representatives earn higher salaries than most of their counterparts in 28 other countries – many of them wealthier and more developed – according to an analysis by the Economist magazine, All Africa reports. A Nigerian legislator earns about $189,000 a year – 116 times Nigeria’s per capita income, […]
Makula Dunbar, 11:05 am
An online invite-only professional dating network created by Yaw Boateng and Tunde Kehinde is gaining attention even though new weekly sign-ups have slowed. During the first months of Bandeka’s launch, 80-100 users were creating profiles per week. Now, in regards to numbers, Boateng says Bandeka has reached a comfortable peak.
Dana Sanchez, 9:53 am
Low financial services penetration and exponential growth of mobile phone use, particularly in Sub-Saharan Africa, are creating a unique niche for mobile phone banking to develop on the continent, according to a report in GhanaBusinessNews. Kenya and South Africa are at the forefront of mobile banking. Just 20 percent of African families have bank accounts […]
Kimberly Maul, 7:05 am
The reality is that 90 percent of African economies are informal. You do have a lot of petty trading and a lot of people…are involved in entrepreneurial activities.
Makula Dunbar, 4:08 pm
Sub-Saharan Africa is home to nearly half of the worlds usable, uncultivated land but so far the continent has not been able to develop these unused tracts, estimated at more than 202 million hectares, to dramatically reduce poverty and boost growth, jobs, and shared prosperity.
Dana Sanchez, 2:34 pm
South Africa’s Absa Group has purchased London-based Barclays’ African business for $1.83 billion to create the continent’s largest retail bank by branch networks and customers, according to a report in BusinessDayLive. Barclays is Britain’s second-biggest lender by assets, and has been in talks with South Africa’s Absa for seven years to combine their African units, Bloomberg.com reported in August. Barclays, based […]
Makula Dunbar, 2:05 pm
Bloomberg Business Week recently reported that Hilton, Marriott International Inc. and Starwood Hotels & Resorts Worldwide have set greater sights on Africa, a continent whose tourism industries show great promise — and whose middle class has seen impressive growth.
Makula Dunbar, 12:14 pm
July 26, Samsung will introduce the Galaxy S4 Zoom in Ghana. The mobile device enhances the photo taking experience and merges a high quality 10X optical zoom camera with an Android smartphone, Ghana Busines News reported.
Chris Bruen, 9:00 am
Nigeria’s population of 160 million-plus includes 20 million people who are young and unemployed, according to the Youth Enterprise with Innovation in Nigeria.
Makula Dunbar, 5:32 pm
Kenya kicked off the process of the construction of a 500km high-speed standard gauge railway line at the weekend, floating a tender for consultancy services to oversee the design and construction of the project.
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