Author: David Indeje

Nairobi’s Vijana Amani Pamoja is going to benefit from Standard Chartered Kenya’s Goal programme after launching its computer lab. Vijana Amani Pamoja is a community scheme that leverages the power and the popularity of the game of football as a metaphor for social and economic empowerment. Goal is Standard Chartered’s leading education programme that provides financial literacy, life skills, and employability training to low-income adolescent girls across its footprint. Futuremakers’ Goal programme uses sport, play and life-skills education to transform the lives of adolescent girls across our markets. The Computer Lab donation will go towards supporting the Mauzo Mtandaoni Project…

Central Bank of Kenya’s Monetary Policy Committee (MPC) on Tuesday left interest rates unchanged for the 13th consecutive time at 7.00 percent to support economic recovery. “The Committee noted that inflation expectations remain anchored within the target range supported by the Government’s policy interventions, and leading economic indicators show improved performance. The MPC also noted the elevated global risks and their potential impact on the domestic economy,” Dr. Patrick Njoroge said. The Tuesday meeting was being held against the backdrop of a changed global outlook with heightened geopolitical tensions, volatile commodity prices, the coronavirus pandemic, and measures taken by authorities…

The Democratic Republic of Congo was officially admitted to the East African Community on Tuesday, during the 19th Extraordinary Summit of the EAC Heads of State. Other members of the East African Community the East Africa Community (EAC) include Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda. https://twitter.com/jumuiya/status/1508736436174041091?s=20&t=qu4JQAjRZwcrDoHddQcQGA “This historical and landmark milestone has transformed the EAC bloc into the most attractive trade investment destination in Africa, offering a market-driven economy of 266 million people and a Gross Domestic Product of USD 243 billion,” Mr. John Bosco Kalisa Executive Director, East African Business Council (EABC) said in a statement. President…

Netflix has acquired Boss Fight Entertainment, the third studio to be purchased by the service as it invests in video games. Boss Fight Entertainment was founded in 2013 by David Rippy, Bill Jackson, and Scott Winsett. The founders stated, “Boss Fight’s mission is to bring simple, beautiful, and fun game experiences to our players wherever they want to play.” “Since we launched mobile games to our members around the world just four months ago, we’ve been expanding our games catalogue bit by bit as we build out our in-house creative development team. So today, we’re excited to announce that Boss…

The Central Bank of Kenya (CBK) has temporarily barred Ecobank Kenya Limited from foreign exchange trade over unsafe trading practices and breach to  forex guidelines. The lender will halt forex trade for a week until April 4, 2022, and will not be allowed to transact in the interbank foreign exchange market. CBK says the lender had concluded a forex transaction contrary to the Prudential Guidelines on Foreign Exchange Exposure Limits. “In investigating Ecobank’s trading practices and a specific transaction that it had concluded, it is evident that Ecobank did not have sufficiently robust risk controls to prevent breaches on its…

Microsoft Corp. on Thursday opened its African Development Center (ADC) facility in Nairobi after Lagos, Nigeria.  ADC is Microsoft’s initiative in Africa for an engineering hub to provide local solutions with global scalability as well as provide employment opportunities and further enhance technological innovations on the continent. “The launch today positions Kenya as a tech hub in Africa, more so as technology takes the center stage in the global economy,” President Uhuru Kenyatta said President Uhuru Kenyatta said he presided over the official launch of the Microsoft Africa Development Centre (ADC). “ADC is a global recognition of the talent and…