Business in focus

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Wednesday, May 26, 2010

Kenya’s Safaricom Reports $300Million Profit, Drives Data Growth in Africa

Sub-Saharan Africa remains the fastest growing mobile market in the world. External market expectations are that the Kenyan market penetration will increase to 65 percent over the next three to four years, a significant opportunity for future growth for mobile service providers in Kenya -- further boosting Kenya’s mobile service provider Safaricom's earnings which has reported a 37 percent rise in full-year pretax profit. READ MORE

Tuesday, May 25, 2010

Sizing up China’s African Footprint

The Teyie Report | Sliding through the slick mud or bumping along the dusty lanes that run parallel to half-built roads from Kenya to Ghana and from Zimbabwe to Sudan, the sight of the Chinese foreman in a wide-brimmed straw hat with the seemingly ubiquitous cigarette hanging from his lips is an increasingly familiar one...READ MORE

Monday, May 24, 2010

Is China Killing Africa’s wildlife?

There has been an upsurge in poaching and we associate this with the Chinese. We fear that the presence of Chinese in the country [Kenya]is causing an increase in ivory smuggling...Basically destroying Africa's wildlife READ MORE

Thursday, May 20, 2010

Kenya’s Safaricom and Equity Bank Score another First

The Teyie Report| The partnership between a mobile firm and a bank in Kenya has revolutionized the global mobile banking industry. The new service dubbed ‘M-Kesho’ (Swahili for future money) will allow users to operate interest earning bank accounts in their cell phones. It is a first and will, indeed go, down history books as the most innovative financial product yet. READ MORE