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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Liquid Telecom expands footprint in Tanzania, acquires major stake in Raha ISP

Liquid Telecom expands footprint in Tanzania, acquires major stake in Raha ISP

Africa’s leading telco, Liquid Telecom Group has entered Tanzania through an undisclosed acquisition of a majority stake in the Tanzania top Internet Service Provider Raha. Extra Read: Able Wireless Kenyan Startup ISP ups Home TV/Internet competition with Ksh. 500 BlackBox The acquisition therefore expands Liquid Telecoms foot print which already spans across 12 countries Africa, Raha has within its network approximately 1500 clients which include businesses subscribed to satellite, fibre optic, WiMAX and Wi-Fi services….

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SportPesa Is Now Southampton Football Club Official Betting Partner

SportPesa Is Now Southampton Football Club Official Betting Partner

Another First: It is official that SportPesa is winning in its latest strategy abroad especially in the UK where there have been atleast two successive deals. Southampton is the team that Kenya’s Victor Mugubi Wanyama was playing for before moving to Tottenham Hotspur after the completion of a signing of  around £11m. On Monday, In new historic deal dubbed “most lucrative” that would see an African company sponsor a European Sports team Hull City Tigers…

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