Raila meets Indonesian President, discusses infrastructure development

African Union High Representative for Infrastructure Development Raila Odinga today met Indonesia President Joko Widodo during the Indonesia-Africa Infrastructure Dialogue in Bali. Earlier, Raila held talks with Foreign Affairs Minister Retno Marsudi on “increased and improved collaboration between Africa and Indonesia in various sectors”. Present during the meeting were the host nation’s Ambassadors to Ethiopia, Kenya and South Africa. The Indonesia-Africa Infrastructure Dialogue is a platform for the business community, government officials and other stakeholders from Indonesia and Africa aimed at ensuring collaboration in the infrastructure sector. The forum will be…

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Kenyan Government initiates move to tax YouTube, Netflix

YouTube

The Kenyan Government has commenced regulatory processes aimed at taxing online content channels especially YouTube and Netflix. In a move targeting foreign online streaming services, the government, through the Communications Authority of Kenya (CA) intends to have over the top services (OTT) declare income earned from Kenyan consumers. CA’s Director General, Francis Wangusi, indicated that this is standard practice already working in developed countries. “Many countries especially developed ones have policies that guide these services, and that is where we are heading to as a country,” Mr. Wangusi said, adding…

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Uhuru’s cousin named to Exports agency board

President Uhuru Kenyatta’s cousin Kathleen Kihanya has been appointed to the Kenya Export Promotion and Branding Agency board as a member. “The Cabinet Secretary for Industry, Trade and Co-operatives appoints Jacqueline Muga, Kathleen Kihanya, Mark Bichachi, to be members of the Kenya Export Promotion and Branding Agency Board, for a period of three years, with effect from August 9, 2019,” CS Peter Munya said in the gazette notice on Friday. Kihanya runs Aces Ahead, a public relations and marketing consultancy, and is also a director and partner at 24 Hours…

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Igathe formally exits Equity as Warui takes over

Equity Bank Kenya Ltd has made changes in its top leadership with the appointment of Gerald Warui as the Managing Director. This development follows the exit of Polycarp Igathe, who, briefly, served as the Managing Director. Igathe has transitioned to Vivo Africa where he is set to serve as the Executive Vice President in charge of Sales and Marketing. “The Board thanks Mr. Igathe for his dedicated and impactful service to Equity and wishes him well in his new role with one of the Equity’s most valued partners and look…

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Red Alert: Naivas suspends sale of red meat in all stores

Naivas Supermarket has suspended the sale of red meat across all its stores countrywide pending the results of independent testing of its meat and assessment of its supplier base. Naivas Chief Commercial Officer Willy Kimani on Thursday said the decision had been taken in the interest of its customers and “will involve subjecting the whole stock of red meat to a thorough independent lab test and a step by step verification of each participant along the whole meat value chain”. “We will only be selling white meat for now in…

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Lagarde resigns as IMF boss, paving way for European Central Bank presidency

IMF Managing Director Christine Lagarde has resigned with effect from September 12, and the selection process for her successor will start promptly, the Executive Board said in a statement on Tuesday. Lagarde is poised to take up the European Central Bank presidency, becoming the central bank’s first-ever female leader She will succeed Mario Draghi, who has been at the helm since June 2011. “Today the IMF Executive Board accepted Managing Director Christine Lagarde’s resignation from the Fund with effect from September 12, 2019,” the statement by the IMF communications department said.…

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Facebook set to pay a record Ksh 500 billion fine over Cambridge Analytica

US regulators have, today, approved a $5bn fine liable to Facebook for breaches in data privacy. Through the Federal Trade Commission (FTC), Facebook was found to have exposed users’ data to third-party actors outside its privacy agreement with Facebook users. FTC is reported to have reached the agreement on a 3-2 vote output in a move that places Facebook in a catch 22 situation over their fidelity to customers’ information. One such beneficiary of the privacy breach was Cambridge Analytica, a decision-influencing facility that uses data to carry out assignments…

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Why it is Banki Kuu not Benki Kuu, CBK governor explains

The Central Bank of Kenya Act refers to BANKI Kuu ya Kenya, CBK Governor  Dr Patrick Njoroge has said. In explaining whether the Swahili translation is BANKI au BENKI, Njoroge said “On translation back in 1964-66, the first proposal was to translate the institution’s name to Banki ya Katikati ya Kenya. Mr John Michuki (PS Finance) gently rejected it and referred the question to Mr. Mboya, who proposed that it be translated as Banki Kuu.” “Mr. Mboya, the Minister for Economic Planning, maintained that it was the translation of an…

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Ethiopia shut the internet down to avoid exam cheating, says ambassador

Ethiopia Ambassador to Kenya Meles Alem has said his country switched off the internet and SMS service to avoid exam cheating. Speaking at the embassy on Wednesday, Ambassador Meles said the move was to prevent students from sending exam answers. The platforms were shut on Thursday, and the state-run Ethio Telecom, the country’s only telecoms provider, refused to comment on the outages until Tuesday.   “It’s now back. If you check now, it is back,” Ambassador Meles said. This was after the exams ended on Tuesday. This was the same reason…

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To integrate Africa, bring down trade walls, AfDB President Adesina urges African leaders

MALABO African Development Bank President Akinwumi Adesina on Wednesday said the continent remains weak as long as it remains apart and divided. This is as African leaders underscored the urgent need to fast-track the continent’s regional integration to accelerate economic transformation in the continent. They spoke at the opening ceremony of the Bank’s 2019 Annual Meetings, in Malabo, Equatorial Guinea, under the theme, “Regional Integration for Africa’s Economic Prosperity.” Apart and divided, Africa is weakened. Together and united, Africa will be unstoppable,” Adesina told delegates at the Sipopo Conference Centre.…

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