Yahoo Updates Terms of Service Before Verizon Acquisition

Yahoo Updates Terms of Service Before Verizon Acquisition

The deal by to Yahoo plans to sell its operating business to Verizon is almost coming to fruition thus ending its 21-year history as an independent company. Verizon Communications Inc (VZ.N)  is acquiring Yahoo’s core internet properties for $4.83 billion in cash. The deal will  expand Verizon’s digital advertising and media business. Following this, Yahoo has sent an email update below to all its users; “We anticipate the close to occur in June 2017. At…

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Vodafone offloads $2.6 Billion Safaricom Stake to Vodacom S. Africa

Vodafone offloads $2.6 Billion Safaricom Stake to Vodacom S. Africa

Vodafone Group Plc  has sold a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd.This is a step to simplifying its holdings in sub-Saharan Africa. The 35 percent stake in Safaricom to Vodacom all-share deal will be transfered a in return for stock in the Johannesburg-based unit. The sale raises the parent’s stake in its South African business to about 70 percent. Quick Read: Vodacom terminates M-Pesa, in South Africa, Why…

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Mastercard Sets $1 Million Grant To Ignite Business Growth In Rwanda

Mastercard Sets $1 Million Grant To Ignite Business Growth In Rwanda

The Mastercard Center for Inclusive Growth has confirmed a grant commitment of up to USD$1 million in support of Rwanda’s Sustainable Development Goals. The grant will be spread over three years to support the growth of small business owners in Rwanda. The commitment was announced during at the 2016 World Economic Forum on Africa (WEF Africa) in Kigali, to support Rwanda’s vision of financially empowering its citizens. To ensure a successful first phase of the…

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Outgoing Yahoo’s Marissa Mayer to bag $186 Million Paycheck after Verizon acquisition

Outgoing Yahoo’s Marissa Mayer to bag $186 Million Paycheck after Verizon acquisition

The Verizon Communications Inc, Yahoo acquisition deal is set to mature in June 2017. The deal will end Yahoo’s its 21-years an independent company, where Verizon expects to expand its digital advertising and media portfolios. Marissa Mayer, who joined Yahoo four years ago and promised to revitalize the company has struggled to turn around Yahoo’s fortunes. However after the sale, Mayer who owns about $186 million worth of stock, stock options and restricted stock units…

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StarTimes secures 2018 Fifa World Cup broadcast rights

StarTimes secures 2018 Fifa World Cup broadcast rights

MultiChoice’s SuperSport which has exclusively aired the popular football tournament for many years is in for stiff competition after StarTimes Media announced its acquisition of 2018 Fifa World Cup broadcast rights. The Pay TV media company was officially granted media rights to all 2017-2018 tournaments. Quick Read: StarTimes Tv reduces prices on its Super and Unique bouquets for Kenyan digital TV viewers According to Goal.com StarTimes winning means it gets transmission rights for exploitation in…

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Toshiba warns of survival at risk as fortunes Slump

Toshiba warns of survival at risk as fortunes Slump

Toshiba has on Tuesday warned that the Japanese electronics giants survival was at risk as the struggling  firm reported a loss of $4.8 billion in long-overdue financial results. As one of the country’s best-known firms, Toshiba has twice delayed its earnings reports and facing the possibility of an embarrassing delisting from the Tokyo stock exchange if it missed the Tuesday deadline for reporting. The unaudited results showed the troubled firm lost 532.5 billion yen in…

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SuperSport Pulls Plug on Kenyan Premier League (KPL) Contract

SuperSport Pulls Plug on Kenyan Premier League (KPL) Contract

The sports broadcasting division of Multichoice, SuperSport has cancelled its contract with the Kenyan Premier League (KPL). The action was attributed to “KPL’s breach of the Licence Agreement entered into by the parties.” The cancellation means no more live broadcast of KPL matches in 2017. This is now a subject of anxiety among the soccer fraternity in Kenya including legions of football fans and club’s officials. SuperSport has only broadcasted one match in the round…

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Intellectual Property: How to register a trademark in Kenya

Intellectual Property: How to register a trademark in Kenya

What is a trademark?, Well according to the Kenya Industrial Property Institute (KIPI),  A Trade Mark is a sign which serves to distinguish the goods of an industrial or a commercial enterprise or a group of such enterprises. A Trade Mark can be a word, a symbol , a design, or a combination of these, used to distinguish the goods or services of one person or organization from those of others in the market place….

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DTB Kenya to acquire Habib Bank in Sh1.8 billion Deal

DTB Kenya to acquire Habib Bank in Sh1.8 billion Deal

It is the season of acquisitions once again, as Diamond Trust Bank (DTB) Kenya is set to acquire Habib Bank Ltd for Sh1.8 billion. Habib investors, who own 11.97 per cent of DTB, have been offered a 4.75 per cent interest in the Nairobi Securities Exchange-listed firm as consideration for the buyout and will get  an allottment of 13.2 million shares in DTB at a price of Sh137.39 per share, this represents a 33.3 per…

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Donald Trump owns over 3000 websites

Donald Trump owns over 3000 websites

The new US President Donald Trump claims ownership of at least 3,643 domain names according to internet records gathered by CNNMoney.  This was all before he reached the White House. Quick Read: Ivanka Trump fashion shoes line may soon be made in Ethiopia Trump also bought 93 of them after he launched his presidential campaign. Accordingly, Trump has a history of grabbing site names before he actually has need for them. For example, he bought…

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