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

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

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

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

OPI, a new tool to Improve Business practice in Africa

The Kenya Institute of Management (KIM) announced plans to launch the ‘Organisational Performance Index’ (OPI), a new tool that is set to change the way business is done in Africa. Read more

Transcript: Obama’s State of the Union Address

Transcript: Obama’s State of the Union Address

From Teyie.com

Following is the transcript of President Obama's State of the Union address, delivered Jan. 27, 2010, as released by the White House:

Madam Speaker, Vice President Biden, members of Congress, distinguished guests, and fellow Americans:

Our Constitution declares that from time to time, the President shall give to Congress information about the state of our union. For 220 years, our leaders have fulfilled this duty. They've done so during periods of prosperity and tranquility. And they've done so in the midst of war and depression; at moments of great strife and great struggle.

It's tempting to look back on these moments and assume that our progress was inevitable -– that America was always destined to succeed. But when the Union was turned back at Bull Run, and the Allies first landed at Omaha Beach, victory was very much in doubt. When the market crashed on Black Tuesday, and civil rights marchers were beaten on Bloody Sunday, the future was anything but certain. These were the times that tested the courage of our convictions, and the strength of our union. And despite all our divisions and disagreements, our hesitations and our fears, America prevailed because we chose to move forward as one nation, as one people. READ MORE | Teyie.com