January 2016

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Showing all posts made in the month of January 2016.

5 ways to navigate change in business today

“We have this big myth in the technology industry that we like to impose on everybody — disruption is going to happen and it’s going to destroy you. But this pattern of change actually takes time.” And so began Andy Lark, CMO of Xero, launching into an overview of the actual rate of change in the digital era at Xerocon Denver 2015. Why do companies increasingly struggle to stay up-to-date with the accelerating pace of digital transformation? How can individuals and businesses learn to navigate today’s shifting landscape in a way that better prepares them for the future? They key, Andy says, is figuring out what is driving the change in business so you can get in front of it. Here are Andy’s 5 tips for improving change management in an evolving world: 1. Learn how to participate The days of pushing information out to customers are over. Companies will grow…

SGR must tackle Mombasa Road traffic chaos better

The standard gauge railway (SGR) is Kenya’s single-largest infrastructure investment since the British built the old Kenya-Uganda railway in the 1900s. More importantly, it is only a matter time before Kenyans begin paying for the piece of infrastructure costing billions of shillings. Indeed, the repayment schedule will most likely test the economy than ever before. The most acknowledged benefit of the new railway, whose first phase is set to be completed by June next year, is that it will cut travel time for passengers as the new locomotives will cover the 480 kilometres from Nairobi to Mombasa in half the 10 hours it currently takes. That will encourage travel to and from Mombasa and boost the economy considerably. Needless to add, the most benefits will accrue through quicker cargo turnaround. However, for the public to realise swift and lasting benefits from the new railway, besides getting buses and trucks off…

Africa-China exports fall by 40% after China slowdown

African exports to China fell by almost 40% in 2015, China’s customs office says. China is Africa’s biggest single trading partner and its demand for African commodities has fuelled the continent’s recent economic growth. The decline in exports reflects the recent slowdown in China’s economy. This has, in turn, put African economies under pressure and in part accounts for the falling value of many African currencies. Presenting China’s trade figures for last year, customs spokesman Huang Songping told journalists that African exports to China totalled $67bn (£46.3bn), which was 38% down on the figure for 2014. BBC Africa Business Report editor Matthew Davies says that as China’s economy heads for what many analysts say will be a hard landing, its need for African oil, metals and minerals has fallen rapidly, taking commodity prices lower. Chinese investment down There is also less money coming from China to Africa, with direct investment…

Asian stocks tumble after U.S. plunge

Asian stocks are following Wall Street’s drop. Japan’s Nikkei plummeted as much as 4% Thursday morning, while the Hang Seng in Hong Kong fell as much as 2.1%. The declines came after a rough day of trading in U.S. markets Wednesday that brought the Dow, S&P 500 and Nasdaq into correction territory, meaning they have tumbled 10% or more from their recent peaks. Experts say stocks are coming under pressure from slumping oil prices and uncertainty over China’s slowing economy and its weakening currency. Chinese stocks on Thursday flirted with the lows of last summer’s market crash, with the Shanghai Composite sinking as much as 2.8%. The index has lost around 18% since the start of this year. For years, China’s booming economy was a key engine for global growth, but now its slowdown is rippling out through global commodity markets. Oil prices fell under $30 a barrel Tuesday for…

Oil price briefly falls below $30 a barrel

Oil prices have briefly fallen below $30 a barrel on international markets for the first time since April 2004, before recovering again. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22. Oil prices have fallen by 70% in the past 15 months. Earlier, Russia’s Prime Minister, Dmitry Medvedev, warned tumbling oil prices could force his country to revise its 2016 budget. He said that the country must be prepared for a “worst-case” economic scenario if the price continued to fall. Taxes from oil and gas generates about half the Russian government’s revenue. The 2016 federal budget that was approved in October was based on an oil price of $50 a barrel in 2016 – a figure President Vladimir Putin has since described as “unrealistic”. Government departments have been ordered to cut spending by 10%, repeating a policy imposed in 2015,…

UK-based Sports Betting firm Premier Bet Launches in Kenya

Headquartered in London (UK) with offices in Paris (France), Gothenburg (Sweden) and Bucharest (Romania), sports betting, gaming and lottery operator in Africa, Editec has launched in Kenya. The firm which operates under brands such as Premier, SBA and Guinea Games, went live in Kenya as Premier Bet on the first weekend of January 2016. The firm’s first office is in Kawangware area of Nairobi and aims to bring fun, entertainment and opportunity to the youth in the country. The Kenyan operation is run by Andrew Batley, who has many years of experience working with EDITEC as the Operations Manager of SBA Uganda. In a statement, Simon Burrell, Head of Business Development at EDITEC said: “EDITEC is delighted to open Premier Bet in Kenya, one of Africa’s most powerful nations. The move shows that Premier is a growing force on the continent and we are all very excited to provide our…

Dodgy Doctor app launches in Nigeria to help users find quality care

Source:: TechMoran Code for Africa is working with local news websites to help readers find out if doctors in some of these countries are con-artists or professional doctors with Integrity. The network through its arms Code for Kenya and Code for Nigeria has launched a service dubbed Dodgy Doctor with a database of legal recognized doctors in both Kenya and Nigeria to help citizens identify if their doctors are registered. In Nigeria,  Code for Nigeria has partnered with SaharaReporters, and are using official data from the Medical and Dental Council of Nigeria (MDCN) which regulates Medical and Dental Practitioners, to help identify registered doctors from ‘quack’ doctors. Apart from helping users identify if one is a licensed medical practitioner, the service also lists prices of common prescription drugs and a hospital finder to help patients locate hospitals. Users need only to search for a doctor’s name and the system shows…

BitHub Africa launches to be Kenya’s biggest Blockchain incubator

Nairobi-based web development agency  Space Kenya Networks Limited has today announced the launch of its  Blockchain incubator BitHub to be the countrys home of startups doing blockchain technology and solutions across Africa. Space Kenya Networks, says BitHub‘s “focus will be solving problems using innovative blockchain solutions that are currently under development across the World. We believe that blockchain solutions will make substantial contributions to rethinking existing structures in the following political, social and economic sectors.” The firm aims to work with Bitcoin-powered startups running data Management and Storage services, legal and Governance services, Identity Management, Financial Services, Internet of Things, Biotechnology, Software Security and Cultural & Intellectual property protection tools among others. “BitHub seeks to bring together a consortium of individuals, organizations and expertise to drive the development and adoption of blockchain technologies especially within the African continent,” the firm writes on its site. Though this is a good move for…

BuyRentKenya.com Brings Apartment Hunting to WhatsApp

You can now get your next apartment via WhatsApp. No calls, no time-wasting walking from estate to estate with property agents and you can still do that sales pitch as Buy Rent Kenya works for you. According to the firm, the WhatsApp service has been launched in pilot to make it possible for anyone to send property inquiries and requests via WhatsApp – while they’re travelling, or in between meetings – anywhere! “Buy Rent Kenya’s ongoing effort is to take advantage of the global technological progress to reach out to the largest number of property seekers in Kenya and across the world,” Lizzie Costabir, Buy Rent Kenya’s Marketing Manager said in a statement. “The service will also be useful for those property seekers in countries where text messaging is less accessible and more expensive. WhatsApp is one of the preferred methods of communication around the world.” Through the launch of the…

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