Science Africa

Scientific Innovation in Africa

With a digital and mobile revolution already in full force across the African continent, satellites and who is in control of them are becoming increasingly important. South Africans are leading the way with their National Space Agency (SANSA) operations in Hartebeesthoek, Gauteng.  With an antennae farm of over 22 antennae and orbcomms, as well as […]

Facebook to buy messaging app WhatsApp for $16bn

Facebook to buy WhatsApp for $16bn

Facebook has bought messaging app WhatsApp for $16bn (£9.6bn), with an additional $3bn given to WhatsApp’s founders and employees. It is the social networking giant’s biggest acquisition to date. WhatsApp has over 450 million monthly users and is popular with people looking to avoid text messaging charges. In a statement, Facebook founder Mark Zuckerberg described […]

Kenyan diaspora send $951m despite weak economy

Home Business Business Share Bookmark Print Rating By PETERSON THIONG’O The EastAfrican

Posted  Saturday, November 2  2013 at  13:43

In Summary Data from the Central Bank of Kenya shows that total remittances rose to $951 million from $876 million last year. This is the country’s weakest growth since 2010, chocked by slowing growth in emerging economies, which by extension, has affected the global economy. Half the total remittances came in from North America — US and Canada — while those from Europe and the rest of the world accounted for 27 per cent and 25 per cent respectively. Tweet Kenya’s diaspora […]

Uchumi to list on Kampala bourse next Wednesday

Uchumi to list on Kampala bourse next Wednesday

Uchumi Supermarkets CEO, Jonathan Ciano, during an investors press briefing at a past event. Photo/FILE Uchumi Supermarkets CEO, Jonathan Ciano, during an investors press briefing at a past event. Photo/FILE  NATION MEDIA GROUP

Uchumi Supermarkets has receiving approval to cross-list on the Kampala bourse barely a month after listing its shares on the Rwanda Stock Exchange (RSE).

The supermarkets chain has said it plans to start trading on the Uganda Securities Exchange (USE) next Wednesday, giving investors a third platform on which they can access its shares. “We have now received approval from the Capital Markets Authority and Uganda Securities […]