Yellow Pages Kenya

January 2016

6 Posts Back Home
Showing all posts made in the month of January 2016.

Kenya Government plans March rollout of mobile phone-based T-bond

Business

The government expects to roll out its mobile phone-based Treasury bond by the end of March after the planned sale in October last year was derailed by volatile interest rates. The government had planned to start selling the Sh5 billion five-year bond in October but prevailing interest rates, which had risen to 22 per cent for short-term government paper, meant that the Treasury had to shelve the offer until lower rates come into play. The latest Treasury bond sold—a nine year infrastructure bond— carried an interest rate of 14.75 per cent, while the prevailing interest rates of Treasury bills range between 11.4 and 13.8 per cent. The product should be in the market by the end of quarter one. What had delayed the launch was pricing, where interest rates were volatile. But now that it has stabilised I think we can go ahead,” said Mr Rotich. He added that the…

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Bloggers Association of Kenya (BAKE) announce 2016 Blog Awards

Tech

Bloggers Association of Kenya (BAKE) is a body formed by an association of bloggers seeking to promote content creation on the web in Kenya. Through BAKE, bloggers can syndicate their content, network with other content creators as well as receive legal and communal representation from the association.  BAKE has today announced the launch of the 5thKenyan Blog Awards.  The announcement of the awards opens up the submission phase, where anyone can nominate their favorite blog in Kenya. Thereafter judges will decide the best 5 in each category before the public votes for their best in each category. https://www.youtube.com/watch?v=W0K9BLA7zHY To submit blogs for nomination to the Kenyan Blog Awards 2016, bloggers and their fans should visit blogawards.co.ke/submit.  This year’s edition has 19 categories following the addition of Best Religious/Spirituality blog. Other categories include Best Technology Blog for blogs covering social media, internet usage, consumer electronics, mobile phones, tech startups; Best Photography Blog targeting those showcasing original photos…

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Airtel Kenya partners with National Bank on m-banking

Business

Airtel Kenya has launched a partnership with National Bank of Kenya (NBK) to deliver mobile banking services through the Airtel money service. The mobile banking service will allow Airtel customers to access their National Bank accounts free from their phones for the first three months, with minimal charges after the three-month campaign, Airtel said. Customers will be able, via mobile, to view their accounts, manage their accounts, make bill payments, transfer money to their Airtel Money accounts from their bank accounts and vice versa. In addition, National Bank agents will offer Airtel Money services and Airtel agents will offer National Bank services. This will be extended later to National Bank branches.

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Bidco looking for farmers to grow sunflower and soya beans

Business

East Africa’s leading cooking oil manufacture, Bidco is looking for contract farmers to grow and supply soya beans and sunflower. Bidco field officer in charge of small-scale farmers Kevin Nyangun says the company has a deficit of up to 50 per cent. This forces the company to “put the machines to sleep mode” when there is nothing to crash. Soya beans, sunflower and maize are the main raw materials in the manufacturing of liquid cooking oil. Lifestyle diseases like blood pressure are driving market craze for liquid cooking oil because it has minimal cholesterol. “The company signs an off-take contact with farmers. The contract is a commitment from the company that if they deliver the required quality, we have to pay them; pay is cash on delivery-no stories of ‘come tomorrow’,” he said. External sources The deficit is so bad that the company is importing between six and eight metric…

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Regulators clash over plan to censor Netflix online movies

Latest News

The Communications Authority of Kenya (CA) has differed with the Kenya Films and Classification Board (KFCB) over the handling of American online movie streaming service Netflix, which launched operations in Kenya last week. The CA Monday said Netflix will not be asked to apply for a local broadcasting licence, meaning the US firm is exempt from local broadcasting regulations that are part of the licensing conditions. The CA’s decision stood in stark contrast with KFCB’s position that Netflix must be regulated and subjected to Kenya film classifications before it is allowed to sell content locally. Francis Wangusi, the CA director- general, told the Business Daily that Netflix falls in the category of content providers that do not control transmission of their material – commonly referred to as over-the-top (OTT) — and are unlike cable companies that transmit own content over managed networks, making it impossible to license them locally or…

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Why businesses should pay attention to new commercial laws

Featured News

Kenya has undergone major legislative changes in the past 10 years. New laws geared towards making the country the region’s trading hub have been enacted and implementation is expected to begin in earnest. To spur growth in the commercial sector, for instance, laws touching on business vehicles available have been enacted or updated. The developments are meant to take away some of the barriers that have made the country less competitive globally. Kenya is currently transitioning from a regime of archaic commercial laws to one that takes cognisance of contemporary trends. More recently, Parliament enacted the Limited Liabilities Partnership Act in 2011 and the regulations governing the Act were released in 2014. In 2015, the Companies Act and the Business Registration Services Act came into effect. A glimpse at these three Acts shows that the reforms have essentially covered all the possible business vehicles that one can incorporate to trade…

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