“Can a media house go beyond advertising for betting companies and set up an in-house gaming venture? This is a question that has been paused by Mr David Omwoyo, CEO of Media Council of Kenya. This is in view of the major turmoil being witnessed in Kenya’s media industry forcing the regulator to set up a seven-member task force to closely review betting and related activities in media outlets. https://twitter.com/DavidOmwoyo/status/1412808564016562179?s=20 In a statement, the council says “the content in advertisements and talk shows often does not meet the standards established in law”. “The regulation of such content is important to…
Author: David Indeje
The ‘Yaoundé Declaration’ was issued at the 40th Annual General Assembly of Shelter Afrique held in Yaoundé, Cameroon, from 21 to 24 June 2021.
Of all the regions across the globe with the fastest mobile money growth, sub-Saharan African tops the list thanks to Safaricom’s M-PESA, the world’s leading mobile money system, which continues to play a massive role in its success. From a basic SIM card-based money transfer application into a fully-fledged financial service, hosting a ton of other functionalities including merchant services, the growth of M-PESA is unparalleled – and it just got better. Safaricom’s launch of the new M-PESA Super App introduces cutting-edge technology that consolidates all the M-PESA services to help users do more, fast, and conveniently. It is more…
Kenya Electricity Generating Company PLC (KenGen) on Tuesday said it expects to receive an estimated Ksh.119 million from carbon credits under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC). The listed utility firm said its additional 309,495 certified emission reduction credits (CERs) are for sale. This brings the total amount of issued carbon credits to 550,981. KenGen has been focusing on the production of green energy and has an installed generation capacity of 1,818MW, of which over 86 per cent is drawn from green sources namely: Hydro (826MW), Geothermal (713MW), Thermal (253MW), and Wind…
Facebook Inc. and Liquid Intelligent Technologies, have partnered to lay 1,200kms of Fibre in the Democratic Republic of Congo. The network will help create a digital corridor from the Atlantic Ocean through the Congo Rainforest to East Africa, and onto the Indian Ocean. Liquid Technologies has been working on the digital corridor for more than two years, which now reaches Central DRC. This corridor will connect DRC to its neighbouring countries including Angola, Congo Brazzaville, Rwanda, Tanzania, Uganda, and Zambia. The new build will stretch from Central DRC to the Eastern border with Rwanda and extend the reach of 2Africa,…
Kenya’s foreign exchange reserves surged by USD 1.38 billion to reach a record high of USD 9.5 billion in the week ended July 2, the latest data from the Central Bank of Kenya (CBK) showed on Friday. The rise in reserves was on account of the proceeds of the Eurobond issue coupled with the USD 407.0 million from the International Monetary Fund disbursement and the USD 130.0 million World Bank loan financing. “The usable foreign exchange reserves remained adequate at USD 9,494 million (5.81 months of import cover) as at July 1st. This meets the CBK’s statutory requirement to endeavour to maintain…

