Last week, @SafaricomPLC@Huawei announced a partnership to launch three 5G experiential centers in Nairobi. These centres are at Safaricom’s Village Market, The Hub, and Buruburu Shops. - @techweez
At the 5G experience centres, customers will experience virtual reality gaming zones, showcases of smart-capabilities for homes and enterprises, and speed-testing booths.
.@SafaricomPLC has installed more than 200 5G locations in 11 counties, including Nairobi, Mombasa, Kisumu, Kisii, Kakamega, Nakuru, Kiambu, Machakos, Kajiado, Vihiga, and Siaya.
.@SafaricomPLC also offers 5G to Home services. However, you need to buy a router, which costs Kes25,000, but you can receive it for free if you choose a 36-month contract with Safaricom, based on T&Cs.
The budget allocation for the purchase of new cars for Kenya’s top three government offices has shot up eight times in the latest changes to the spending plan that also benefited retired President Kenyatta. - @BD_Africa
The offices of President Ruto, DP Gachagua, PCS Mudavadi have been allocated Sh802.2M to buy motor vehicles in the current FY, a significant increase from what had been allocated as Kenyans come to terms with a bloated government that's scuttled Kenya Kwanza’s austerity measures.
In the budget estimates for the Financial Year 2022/23, the three offices had been allocated Sh100.8M, though the office of the Prime Cabinet Secretary had not been catered for. However, the exclusion of the Prime CS only cuts the expenditure by 10%, or Sh80M
High Court judge Justice Abigail Mshila has ruled that financial lender cannot go for a loan guarantor after auctioning assets of the principal borrower and failling to recover the outstanding debt. - @NationAfrica
Justice Abigail Mshila held that if the asset provided as collateral or security fails to fetch the amount enough to settle the debt, a lender is barred from going for the guarantors.
In a ruling that is likely to serve as a respite to many guarantors, the court further ruled that a lender is not entitled to any compensation if the asset held as security is auctioned and still the sums undue are not recovered.
A mid-week block purchase of @SafaricomPLC shares by an unknown local institutional investor has halted the slide in the telco’s shares that had hit a 69-month low, triggering bargain purchases. - @BD_Africa
.@NSE_PLC data show @SafaricomPLC traded volume jumped to 57.13M on January 18 from Tuesday’s 4.06M, a rare surge for a counter that had witnessed sub 10M trading for multiple days in recent weeks.
.@SafaricomPLC traded share volumes rose further to 107.51M as more local investors rushed to snap up the stock as market watchers believed the telco had hit its lowest level at the Nairobi bourse, triggering a price appreciation.
The devastating and sudden death of Prof George Magoha comes at a time when he had commissioned a book to document his achievements at the Education ministry, where he had served for three years. - @NationAfrica
It was as if he had a premonition that his time was nigh and that he needed to put down in writing his experiences and accomplishments in the education sector where he had made a splendid record.
Prof Magoha intimated that he did not want to exit the scene without documenting his experiences especially in managing the education sector under Covid and implementing the Competency-Based Curriculum (CBC), which became his pet subject.
For the last 10 years, the Methodist Church in Kenya has been an arena of intense power play, unending court battles and a game of wits. - @NationAfrica
Tellingly, disclosures by lawyers have it that the church owns properties valued over Sh500B across the country.
It all started with the controversial election of Reverend Joseph Ntombura as the presiding bishop in August 2012.
Good morning Hustlers... A reminder that Kulipa Ushuru Ni Kujitegemea.
GoK is eying a record Sh2.8 trillion from MSMEs, raising fears that President William Ruto might deviate from his pro-small business campaign promise. - @BD_Africa
In the 2023 Draft Budget Policy Statement (BPS) the @KeTreasury noted plans for tax base expansion in the hard-to-tax informal sector, with a special focus on MSMEs.
The potential taxable base of the informal sector is Sh2.8T as per the MSME survey - @KeTreasury