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19:39
From: Kenya Imagine
Read This Entry & More At Kenya Imagine
 The first time, Bitange Ndemo, Information and Communication PS responded to an article I had sent to the KICTANet mailing list, I could not believe it. I thought someone else was doing it on his behalf. After all, we are used to government officers who are such strident followers of protocol that even responding to straight forward questions is a problem. Clarifying issues is for them, a tortuous task from hell. So, for me to read from a Permanent Secretary explaining how I had left out vital points or misconstrued facts was amazing. He did not condemn, only clarified. He also encouraged dialogue, invited list members to ask, and he answered promptly.
Rebecca Wanjiku impressed by PS Ndemo's accessibility to wananchi. Read the rest here.
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10:55
From: bankelele
Read This Entry & More At bankelele
More on the $40 million VC fund set up by the Africa venture capital association and East African development. It will invest $100,000 to $2 million in SME's for expansion & modernization, as well as start-ups led by exceptionally qualified entrepreneurs. Advantages of getting funds is that unlike bank loans, you don't have to pledge assets or incur subsequent loan repayments Jobs The Africa Development Bank is currently accepting applications for its Young Professional Program (YPP). Details at their site and D/L is 10/5. Celtel: Product development manager (Comm-mkt-02/07), Product developer (Comm-mkt-03/07). Apply to hr@ke.celtel.com by 4/5 Kenya Airways: Manager – hub & airport systems (I/065/04-07), Revenue management systems administrator (C/066/04-07) Apply to the group HRD 19002 Nairobi by 14/5 Foundation manager at KCB. Apply to recruitment@kcb.co.ke by 9/5 Safaricom: Head of Retail, Head of Customer Management, Materials Inspection Officer, Senior CRM System Developer, Business Intelligence Developer. Fund manager at the above mentioned VC fund. Apply to EADB@avcanet.com by 14/5 The Young Professionals Program (YPP) of the World Bank. apply online by 15/7
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10:33
From: bankelele
Read This Entry & More At bankelele
Safaricom has hooked up with MTN in Uganda (and Vodacom in Tanzania to combat Celtel’s East African no roaming package) to enable their customers to use their phones kama kawaida in East Africa as well and the service works great. With MTN you even have get to enjoy their cool location prompt that tells you where you are with your phone e.g. Entebbe avenue, constitution street, Bumbu, Luwum street, Speke, etc. that scared safaricom customers one day in 2006. Only problem with Safaricom is that their cards are very difficult to find and sold at very few locations. Only MTN stores sell them in Kampala and they are making a killing. A 500-shilling card goes for 16,300 shillings at about a 30% mark-up, while a 100-shilling card is priced over by about 36%. Still it’s worth the convenience of having affordable access to your contacts and messages.
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9:36
From: Kenya Imagine
Read This Entry & More At Kenya Imagine
 The MP for Langata and ODM-K Presidential contender Raila Odinga has announced the date of the announcement of his vision for the country and the official launch of his bid for the Presidency. From the elaborate planning and the effective manner of the public relations campaign, May 6th 2007 promises to be truly an epic day in the history of modern Kenyan political campaign tactics, involving both live TV and Radio broadcasts. It is with this in mind that I feel obliged to offer a word of caution to his presidential bid team and Kenyans concerning this eagerly awaited day. Anduru Owang writes on Raila's big manifesto launch and the possibility that it may be used to instigate propaganda against the Langata mp. Read the rest here.
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9:19
From: Kenya Imagine
Read This Entry & More At Kenya Imagine
Could we be on the verge of cracking the Anglo-Leasing case? Over the last two weeks, MPs have twice discussed the irrevocable promissory notes issued to the fictitious credit providers associated with the 18 contracts. And now the Daily Nation reports that the Ministry of Finance has contracted Price Waterhouse Coopers, who over the past few months have been engaged in forensic inquiries into the 18 so called Anglo Leasing type contract. My instinct, suspicious fellow that I am is to call this a clever diversion away from the real problem. That serious people are beginning to ask serious questions about the irrevocable promissory notes issued by the Government of Kenya to the tune of Ksh 56.33 billion, to fictitious credit providers. The PWC contract is in my view a red herring that should worry Kenyans for several reasons.
Mwalimu Mati, formerly of Transparency International reviews the case of the irrevocable promissory notes that the Kenya govt. signed over in the 18 anglo-leasing related cases. Read the rest here.
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7:57
From: Kenya Imagine
Read This Entry & More At Kenya Imagine
“Why is my stomach aching, I am feeling so bad, why mum, why?” Jane asked as she got off the vehicle. Jane is eight; she was raped at the Ngomongo village in Kiambu. I met her yesterday, she was being taken back to Kiambu District hospital for a further check up on her condition. Her mother could not explain to the little girl why she was in so much pain. The little girl herself cannot even tell whether the pain is in her stomach or in her private parts, it’s all too much for her and she looks dazed. To add to all her trauma, Jane is mentally challenged. This the consequence of an attack of pneumonia when she was five. Her mother says her life has never been the same since.
Rebecca Wanjiru recounts the rape of a child, and lack of legal protection. Read and comment here.
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7:30
From: My part of the world.......
Read This Entry & More At My part of the world.......
After reading this story, I wouldn't be mistaken if I started thinking that someone at the Nation read my post on paternity fraud and got inspired by it; only thing is that the statistics are far higher than I thought. But anyway as the writer says, in some situations, ignorance is indeed bliss! I would like to be the fly on the wall of a house where a man has found out that the kids he has been toiling for aren't his, pure drama I tell you. Moving on, it seems the muppet queen got a story on BBC. Frankly I don't see what she has done that merits a story, there are many other media personalities in Kenya whose extra curricular projects are of more interest. Anyway since the story didn't make Kenya seem like we are still in the stone age ala CNN and the other Western media houses, I really can't grouse. Plus her radio show does entertain once in a while. Go Muppet Queen! I have noticed that their has been a steady increase in the number of new mothers blogging about their experiences ie mrembo, kpundit and now Medusa (baby still enroute). I guess it adds a new facet to the Kenyan blogs out there because at one point the demographic of Kenyan bloggers and their fans had become very narrow. I with them all the best even though kids aren't my piece of cake, yesterday I had an arguement with my big sister about the whole kids issue. She says that I am selfish by not wanting to have kids and that it is our responsibility as humans to procreate, I told her that it is good to have the choice to do so but it is not the main reason for our existance on earth, unlike other lower species we do have more to our lives than just living, getting mates and reproducing. I guess I shall just have to get used to hearing that kind of shaming language from the kiddie crew as the years go by. Soccer Player Quote of the day - 'There is a smear campaign against me with facts, which are not true' - Toni Polster
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3:00
From: Rants, Raves & Reviews
Read This Entry & More At Rants, Raves & Reviews
Raging debates on www.stockskenya.com... Unlike prior discussions, there is more of substance being discussed... I will not discuss the specifics since the fundamentals are based on POTENTIAL not the assets or current financial state of the firm. (My) Bottomline: - Not cheap on a NAV or PE basis.
- Growth will continue for next 3 years.
- Cash out by Somens not a good indicator (OFS of 35mn shares).
- Growth will be at lower net margins.
- Expansion is a strong possibility into the region by acquisitions
- Corporate market prefers RELIABILITY over (cheapest) price. As long as Access Kenya delivers RELIABILITY there is great potential among the MNCs & SMEs.
- Cheaper bandwidth (TEAMS, Eassy) will boost usage.
- Increased use by government organisations will boost usage & sales.
- No debt plus IPO cash (KShs 426mn)to be used to boost service, sales & customer service.
- Somens want to increase the "value" of their shares so expect their dedication coz I think there will be a merger &/or sale of the AK (as we know it) to someone else!
BUY... for the short-term!
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1:52
From: White African
Read This Entry & More At White African
Found both of these gems this weekend. I don’t have much to add, they’re already so well written:
Whythawk - Internet Bubble 2.0: the future of dotcom depends on the mobile phone
And you don’t necessarily need the Internet for this at all.
What people want from the Internet is becoming more easily achievable through their cellphones. What happens to Internet music downloads when your iPod can do it directly? Social networking makes more sense on a small device or phone that is always with you than on a computer which is fixed in space. And the nature of that small device changes the way you interact.
Ethan Zuckerman - Geek tracking, African hacking
Eagle points out that 59% of mobile phone users are in the developing world. In Kilifi, he’s able to pay for his cab with his mobile, something he can’t do in the US. Africa is the fastest growing mobile phone market in the world. While there are only 200,000 households with electricity, there are 7 million mobile phone users. He tells us about a trip to “cellphone alley” in Nairobi, where he picked out the innards, a colored case, a keypad and had the phone soldered together, giving him an unlocked GSM phone for $15.
  
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1:08
From: Startups in Kenya
Read This Entry & More At Startups in Kenya
Over the weekend I discovered quite by chance a wonderful blog by Quadimoso called Coding south of the sahara. Quadimoso is a Kenyan entrepreneur (refers to himself as an Afropreneur which must be a portmanteau of "African" and "Entrepreneur") who has transitioned from techie to contractor to entrepreneur. He has a wonderful series called Journey of an Afropreneur where he chronicles his dreams, challenges , failures and successes. It's great reading for anyone with an IT background interested in becoming an entrepreneur.
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0:16
From: RIBA CAPITAL
Read This Entry & More At RIBA CAPITAL
Stocks I hold a BUY on.
East African Breweries (Kes:145.00)
- Growth in sales volumes
- Regional market share increase.
- Brand Innovation and rejuvenation e.g. Senator brands, White Cap Light
- High and consistent dividends payout.
Athi River Mining (Kes:68.50)
- Booming construction industry
- Product diversification
- Cement capacity expansion
- Ongoing Lime plant acquisition
- Increasing revenue from fertiliser segment
Express Kenya (Kes:22.00)
- Improved Financials
- Higher margins
- Transport contract with East african breweries ltd
- Fleet modernisation program underway.
- Major risk is that this share is quite volatile.
NIC Bank (Kes: 91.00)
- Increased advances thus higher interest income
- Product innovation e.g. Move Zones, Young Movers etc.
- Launch of NIC Capital an investment bank thus increased earning opportunities.
- Retail market share growth
- Asset financing growth.
- Booming banking industry.
My Current Portfolio: (In % of total number of shares)
Stanbic Uganda – 64%
Equity bank – 11%
Standard group – 9%
Scangroup – 6%
East African Cables – 4%
Barclays bank – 4%
Eveready (Just 200 shares) – 1%
Disclaimer: These are my personal views and you are advised to seek professional advise before any buy decisions are reached. Riba Capital cannot be held liable for any action taken on the basis of this commentary.We take no responsibility for investment decisions based on the data provided here, neither should it be used as the primary or sole source of information for financial or investment decisions.
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0:09
From: RIBA CAPITAL
Read This Entry & More At RIBA CAPITAL
 Relax, this is I yet to take place locally, but in the West hackers and virus developers are using spam software and sending bulk loads of spam that contain misleading headings and content announcing fictitious news of actual companies performance and insider information of possible takeover targets among other information that fundamentally drives a stock price up, they are also hijacking online trading accounts and issuing fake buy orders thus generating a false demand in their particular targets, they will do this after buying a block of shares. After their attacks, the share price will rise and rally in the very short run at which point the hackers dispose their shares before the stock comes crushing down once their actions are brought to light. However, some misinformed investors are actually buying shares while aware of these misdeeds in the hope of making a quick kill along with the hackers, though more often than not they are burning their fingers. This is exaggerated by the possibility of day trading, whereby you can buy a stock and hold it for less than 5 minutes and then offload the same immediately.
Read the complete article at
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12:55
