-Africa accounted for 10% of the world’s mobile subscriptions at the end of 2010
-There will be almost 360 million users of mobile money services on the continent (africa) by 2014
-36.9% of the African Internet traffic is directly from Nigeria
-CISCO sees in Africa 900 Million potential clients and a Market worth $978 Million USD
.Africa has 110 Million internet subscribers today, Cisco’s Vision is to enable 200 Million by 2013
-Safaricom using Health Presence to do remote diagnosis by doctors. Improves access to health care.
-CISCO has allocated $2 million for grassroots projects. They prefer dealing directly with communities

Related articles

• Cisco Expo Kenya 2011-Review (siku-moja.blogspot.com)
• Repost:Banking Outlook Africa 2011 Conference (omegascorpi.com)

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Post tags: Africa, Cisco Kenya 2011, Cisco Systems, Kenya, Nairobi, network, Nigeria, Safaricom, Systems, Teleconference

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The total value of mobile money transfers in Africa will exceed US$200 billion in 2015.[ Source ]

Africa’s total stock market capitalization now exceeds $1 trillion [ Omegascorpi]

The Angolan Government will build from next October six multimedia libraries (computerized libraries and multimedia) in six provinces, in an initial investment estimated at USD 48 million. [ Source ]

A building materials and construction company, Kon-X Ltd., has introduced a new form of project finance to aid in reducing the high cost of building materials in Nigeria [ Source ]

The African Development Bank (ADB) has said it has received the Federal Capital Territory Administration’s request for a sum of $50 million to finance its proposed Bus Rapid Mass Transit (BRT). [ Source ]

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• Africa’s wealth and consumerism draws big brands (annansi.com)
• ACA-Africa Capital Alliance (omegascorpi.com)

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Post tags: Africa, Bus rapid transit, Business and Economy, Federal Capital Territory Administration, Nigeria, Safaricom

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Location:312 West 36th Street – 3rd Floor
New York, NY 10018

Btwn 8th & 9th Ave
Synopis

DJ Lwanda’s voice rings out daily on local radio, leading and inspiring the Nairobi community of Kwa Maji. But Anna Mali, an avaricious real estate diva, craves the land beneath their slum. She seduces the fiery young DJ away with a job at a top nationwide station, and organizes a violent campaign to terrorize the people of Kwa Maji. When the government and media turn a blind eye to the decapitated bodies in the streets, DJ Lwanda must return home to expose the truth. But at what cost?

Performed in English with Swahili.

Appearing through the kind support of Safaricom, Kenya’s Leading Telecommunications Compan

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• Kenya’s NTV’s Top Comic Show (siku-moja.blogspot.com)

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Post tags: Africa, Embassies and Consulates, English language, Government, Kenya, Mali, Mofaya, Nairobi, Real estate, Safaricom, Swahili language

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What does it mean to E-commercant in Kenya ? Well they should be able now to sell their online products and services against payment via this secure and direct  system.So much for Paypal not allowing African E-retailer into the global game of commerce over the internet.

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• Talking Mobile Banking in Kenya (whiteafrican.com)
• Intangible Money + Cell Network Banks = Secure Money (stoweboyd.com)

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Post tags: Africa, Bank account, business, Business and Economy, Financial Services, Kenya, M-banking, M-money, M-Payment, M-Pesa, Mobile phone, Remittance, Safaricom, Shilling, Shopping, Western Union, Zain, Zap

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-ZAIN Kenya said it expects more subscribers to use its data services owing to reduced costs.Read more

The chief executive officers of Intercontinental Bank Plc, Mr. Erastus Akingbola; Sebastine Adigwe of AfriBankPlc; Okey Nwosu of Finbank Plc; Mrs Cecilia Ibru of Oceanic Bank Plc and Barth Ebong of Union Bank Plc were asked to step down from their respective position and are being replaced.Read more

The city of Kigali is gearing up for the public offer of city bonds amounting to Rwf300 billion ($526.3 million), to be raised in eight years, with annual coupon interest between 11% and 12%.Read more

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• The truth about mobile banking in Africa (guardian.co.uk)
• Safaricom launches solar-powered mobile phone (textually.org)

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Post tags: Africa, business, Chief executive officer, Financial Services, Growth, India, Initial public offering, Investment, Kenya, Kigali, Safaricom, Trends, UBA, Zain

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[click on blog title to read article in full]

Safaricom launched M-pesa in some 36 months ago and the service has been a hit from the start,averaging 10,000 daily new users.The service has today over 6 million users and claims capital movement of over SH 152 Billion exchanged between users of the system.

The service allows Kenyan active economic agents  to transfer money fast, safely and affordably using their mobile phone. Through M-PESA, a customer can send money to another mobile phone user, withdraw cash, buy airtime for themselves or another prepaid subscriber, pay bills and make loan repayments.

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• Largest bank in East Africa is a mobile phone based one (brainhealthhacks.com)
• Africa pioneers mobile bank push (news.bbc.co.uk)
• Kenya’s Mobile Banking Revolution (gigaom.com)
• The Emancipation Proclamation… (kenyanentrepreneur.com)
• If Africa can cut out banks, why can’t we? (guardian.co.uk)

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Post tags: Africa, Habitat Award, India, Kenya, Kenyans, M-Pesa, Mobile, Mobile phone, Money, Nairobi Stock Exchange, Safaricom

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Zain, Kenya’s second largest mobile network has lowered its internet charges by approximately 25%.It is higly probable that Zain is responding to the recent announcements by Orange, Safaricom and YU who have all also dropped their internet charges over the last few months.

The intend by either companies is probably  to become the major player in the Kenya’s fast growing internet market – especially when the SEACOM, TEAMS and EASSY high speed undersea cables go live this and next year.

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Post tags: Africa, Government, Internet Mobile, Kenya, Margins, Mobile Operators, Orange kenya, Safaricom, SEACOM, TEAMS, Travel and Tourism, YU, Zain

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Hello Money is a USSD-based mobile banking solution that uses a secure gateway and PIN code entry for customers-this is far more secure that the”push and pull”SMS-based mobilebanking that is vulnerable to hacking.

The Hello Money service is being offered currently in conjunction with Safaricom,kenya’s leading mobile network-the service will be extended to other mobile networks in due course. The service is being rumored to have been developed and delivered in Kenya by cellulant,the value added services( VAS) mobile company

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• Talking Mobile Banking in Kenya (whiteafrican.com)

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Post tags: Africa, Business and Economy, Kenya, Mobile, Mobile banking, Mobile Computing, Safaricom, Short message service, Telecommunications, Unstructured Supplementary Service Data, Value-added service, VAS in Africa

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Safaricom, Swift Global, Internet Solutions Zain and AccessKenya
can be named among the company that would give a run at MTN Kenyan market penetration strategy.

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Post tags: Acces kenya, Acquisition, Africa, big, Biggest, Cellphone operator, Data, fastes growing markets, Fixed line, Internet Solutions, kena, large, Largest, MTN, Safaricom, Wireless, Zain

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Tycoon Magazine

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Post tags: Africa, africa and economy, Africa GDP, African and commerce, African economies, African manager, Best, global recssion, Kenya, managers, Obama, Safaricom, SFI Cote d'ivoire, Stock Exchange, thierry tanoh, tycoon

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