Earn Ksh60 Daily? Safaricom Has 4G Smart Phone For You

By Clive Ayuko

Clive is a freelance journalist based in Nairobi Kenya

Nairobi, Kenya 28th January 2020

Safaricom Limited in Partnership with the Smart Phone Division of Samsung Electronics and Mkopa Solar have launched a partnership that will see Kenyans who cannot purchase smartphones valued at over Ksh13,000 (USD130) in cash.

To be able to do so over a period of time (One year), paying only Ksh60 per day upon payment of an initial deposit of Ksh3,499 ( Translating to Ksh 25,399 with settlement within saving Ksh3000 or Ksh 2000 off 25,399).

Phone currently available. Samsung A10.

The partnership will see Safaricom be the conduit through which the smartphones will the launched into the market considering favourable geographical spread and thereby ease of distribution and channel for payment (M-pesa Playbill payment platform), Mkopa Solar will offer the credit financing scheme for purchase of the said devices and Samsung apart from offering the gadgets will also offer a technical aspect ( M-KOPA SOLAR Financing Scheme) that will enable switching off of the phone on case of default of daily payment. Reactivated again with payment of the same through the Mpesa playbill platform

From Right. Mkopa Founder Jesse Moore, Safaricom Chief Customer Officer Silvia Mulinge, President and CEO of Samsung Electronics Africa Sung Yoon and CEO Samsung Electronics East Africa.

JUDICIARY DERAILS GOVERNMENT INCOME GENERATION BUT STILL WANTS MORE MONEY WHERE IS THE MONEY UHURU ASKS MARAGA

“..The Judiciary Derails Government Income generating activities but still wants more from the Government. Where will the money come from…” – President Uhuru Kenyatta to Supreme Court President Justice David K. Maraga during launch of the Third Annual State of Judiciary and Administration of Justice Report at the Supreme Court yesterday morning.

By Clive Ayuko

The writer is a freelance journalist based in Nairobi, Kenya

Nairobi Kenya 24th January 2020

President Uhuru Muigai Kenyatta yesterday morning fired salvo at the judiciary claiming it is derailing government income generating projects buts still wants more from the same government.

Citing the Mwea project as one of the many government projects which have stalled due to court injunctions issued by the judiciary, injunctions issued by judicial courts against taxes levied by the government and various other injunctions that have halted government functions and income generation.

A composed but also clearly agitated President Uhuru Kenyatta asked Justice Maraga where the excess funds will come from.

Speaking at the Supreme Court of Kenya and arguing that public interest should be the overriding factor to consider when issuing court injunctions by courts of law President Kenyatta while responsing to a preceding speech by the Chief Justice and President of the Supreme Court David K. Maraga who earlier requested that government funding to the Judiciary increase to 2.5 percent of the total annual budget as is best practice around the world. President Kenyatta however said he was saddened by the fact gatekeeper cartels had taken hold of all arms of government arms including the judiciary and obtain 99 percent of all court injunctions within 24 hours continuing that will He will oppose such nefarious capture adding that the judiciary should work with the resources available to them.

The Judiciary has within the year under review cleared 186,716 cases which have taken over 5 years to concluded an 110 percent increase from the 170,186 filed at the start of the year.

Ksh 4 Trillion Returns On Investment In Sustainable Development Projects Says Standard Chartered Bank.

By Clive Ayuko

Clive is a freelance journalist based on Nairobi Kenya

●        Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets

●        At USD15.6 billion, the greatest private-sector opportunity comes from achieving and maintaining universal access to electricity (SDG 7)

●        With 56 per cent of Kenyans lacking access to clean water and sanitation, there is a significant opportunity for the private sector to help achieve SDG 6

Nairobi, Kenya 22 January 2020 Opportunity2030: The Standard Chartered SDG Investment Map reveals an almost USD10 trillion (USD9.668 trillion) opportunity for private-sector investors across all emerging markets to help achieve the UN’s Sustainable Development Goals (SDGs), with Kenya representing USD40 billion of that total. The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets.

High-powered projects

The opportunity for the private sector to improve the lives of Kenyans is substantial. Currently, 56 per cent of Kenyans lack access to clean water and sanitation, while 36 per cent have no access to electricity, and the country’s digital access rate – a combination of mobile phone subscription rates and internet connectivity – stands at 34 per cent. 

The greatest opportunity in Kenya is found in achieving and maintaining universal access to electricity (a key SDG 7 indicator), representing a USD15.6 billion private-sector opportunity. This takes into account the proportion of the Kenyan population currently without electricity access, projected population growth, and the growing demand for power as the economy develops.

For SDG 9, which encourages improvement in industry, innovation and infrastructure, Opportunity2030 highlights private-sector investment opportunities in transport and improving digital access. Securing full digital adoption in Kenya – measured by a combination of mobile phone subscription rates and internet connectivity levels – would require private-sector investment of around USD13 billion. To significantly improve Kenya’s transport infrastructure by 2030 indicates a USD9.1 billion investment opportunity for the private sector.

The opportunity in the water sector is smaller but still significant. Around 56 per cent of Kenya’s population still do not have access to clean water and sanitation facilities and closing this gap by 2030 will require significant investment, with an opportunity for the private sector to provide around USD2.3 billion of the funding.

Kariuki Ngari, CEO & MD at Standard Chartered said,“The UN Sustainable Development Goals are amongst the most ambitious projects humanity has ever attempted. For the goals to be met, the private sector must play a central role in deploying capital to get projects off the ground. With one of the fastest-growing economies in Sub-Saharan Africa, Kenya is a promising country for investment. The government is committed to the SDGs with several major infrastructure projects already underway.Opportunity2030 provides an important map of the SDG opportunities for private sector investors looking to invest with impact and improve the lives of millions of Kenyans over the next decade

Office of Judiciary Ombudsman Records 81% Rise in Missing File Complaints

By Clive Ayuko

Clive is a freelance journalist based in Nairobi, Kenya

Nairobi, Kenya 24th January 2020

The office of the Judiciary Ombudsman – Constitutional office charged with recieving complaints from the public arising from discharge of judicial functions and services – recorded an 81 percent (330 complaints recorded by Office of The Judiciary Ombudsman) increase for complaints arising from instances of missing/misplaced judiciary files. Up from 182 complaints recorded for the period 2017/2018. A 148 case complaint rise.

This is according to the Third Annual State of the Judiciary Report for the period 2018/2019 launched early yesterday morning by President of the Supreme Court of Kenya Justice David K Maraga.

The event was graced by the president and Commander in Chief of the Kenya Defence Forces Hon. Uhuru Muigai Kenyatta.

Safaricom Kengen EABL KCB and Equity Bank Stocks Sure Bets For Stock Traders In 2020 – Genghis Capital

Nairobi Kenya 21 January 2020

By Clive Ayuko

Clive is a freelance journalist based in Nairobi Kenya

Investor favourites Safaricom, Equity Bank, Kenya Electricity Generating Company – KENGEN, Kenya Commercial Bank – KCB and Equity Bank are still the best stocks for investors looking for the best momentum swings.

This is according to a new report themed “harnessing value” launched earlier today at a Nairobi Hotel by Investment Bank Genghis Capital.

The report takes a glimpse into the Strengths, Weakness, Opportunities and threats present to investors looking to trade in the Nairobi Securities Exchange – NSE and highlights that the economy of Kenya will post a slight improvement in the year 2020 with real GDP growth for the year projected at 5.7% compared to the 5.6% which was the real GDP growth for the year 2019.

Private consumption, political instability and government spending continue to pose a threat to the projected robust growth rate.

WE WILL DRAFT A BILL THAT WILL END CONTEMPT FOR COURT ORDERS – DPP

By Clive Ayuko

Clive is a freelance journalist based in Nairobi Kenya

Nairobi, Kenya 20th January 2020

The director of public prosecutions DPP Mr. Nordin Haji late last week urged all Kenyans to respect court orders.

Addressing journalists during a press conference held at the Public Prosecutors office in Upper Hill Nairobi.

Mr. Nordin said; “there is no substantive legislation dealing with criminal contempt of court orders as envisaged in section 28 of the Contempt of Court Act which was declared unconstitutional in the constitutional petition number 87 of 2016 – Kenya Human Rights Vs The Attorney General. Adding that He will soon with the assistance of the attorney general’s office draft a bill and present it in parliament in an effort to seal such legal loopholes.

Coca Cola is Hiring

Market Outlook Sustainable Debt Management – Standard Chartered Bank

Nairobi, Kenya 19th January 2020

CHAMBER OF COMMERCE SIGN MOU WITH UAE TRADE CENTRE

By Clive Ayuko

Clive is a freelance journalist based in Nairobi, Kenya

Nairobi, Kenya 18th January 2020

The Kenya National Chamber of Commerce and Industry and United Arab Emirates Trade Centre early yesterday morning signed an MOU – memorandum of understanding – encouraging trade between Kenya and countries of the Gulf ( Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain and Abu Dhabi) at the chamber offices in Hurlingham, Nairobi.

Present at the event was the Chamber president Mr. Richard Ngatia, Chief Executive Office of the Chamber Ms. Angela Ndambuki, and Managing Director of the UAE trade Center Mr Walid

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Mr Walid MD UAE in white makes point as Chamber president Mr Richard Ngatia and Second Vice President Fatma Elmaawy listen in. Images courtesy KNCCI.

University Academic Staff Union Calls for Strike Notice After Government Bastardised Collective Bargaining Agreement

By Clive Ayuko

The writer if a freelance journalist based in Nairobi Kenya

Nairobi, Kenya 18th January 2020

The University Academic Staff Union late yesterday afternoon claimed it will call for a strike in 14 days if the government does not take back the the Collective Bargaining Agreement -CBA document is referred to as a multilated and Bastardised.

Speaking during a press conference organised at a Nairobi Hotel late yesterday afternoon the dons led by secretary general of the Union Mr Constantine Wasonga and National Chairman Prof Muga K’ Olale said that it will call for a strike in 14 days if the government does not honour the earlier CBA presented by the Union and not the bastardised one it claimed did not have an iota of output from the Union.

A creation of the Vice- chancellor’s committee (composed of Vice- chancellor’s of all universities and principals of all constituent colleges), the Ministry of Education and Salaries and Renumeration Commission.

UASU referred to the new document as alien to them and will issue a strike notice if the government does not take back the document and honour the earlier document presented by them to the government.

The Dons Issuing the press statement. Images courtesy

University Academic Staff Union Member during the press conference. Images courtesy Whistling African.