A few days after disclosing his exit from NTV, the bold Larry Madowo has landed a lucrative spot at BBC to lead one of the Business Units as a Business Editor.
Larry shared the exciting news on his twitter account earlier today.
I'm thrilled to be joining the BBC pic.twitter.com/CH6rtJhwY1
— Larry Madowo (@LarryMadowo) April 11, 2018
Larry worked for NMG for more than 5 years, he resigned a month ago. “I leave
@ntvkenya as I came: humbled & grateful. The job was one of the great honours of my life. Thanks to everyone who watched, and to Nation for the privilege of the opportunity. I’m proud of my amazing colleagues & everything we accomplished. Farewell, my friends. Stay woke”
We wish him all the best at his new job.
CNN to launch new series Connecting Africa which explores intra-African trade
- CNN International is launching a new series, Connecting Africa which will profile the people, projects and companies revolutionising African business and bringing the continent together by championing trade and expansion, reflecting the Africa Continental Free Trade Agreement.
Airing from December, the new 30-minute monthly show will be hosted by CNN Correspondent Eleni Giokos. As trade routes across the continent are modernising and increasing, Giokos will cover stories across Africa, from the Cape to Cairo. The series will report on the airlines making intra-African air connectivity a reality, meet the telecom operators and media entrepreneurs advancing cross-African networks and communications, visit the logistics hubs central to the movement of goods around the continent, and profile the industry leaders championing cross-border trade and expansion. Along with monthly episodes of the series, segments of the reporting will also air within CNN’s flagship business programmes.
On digital, the Connecting Africa page will host a series of articles and videos which will also feature across CNN’s social accounts.
Ellana Lee, Senior Vice President, Managing Editor and Global Head of Features Content, CNN International said: “Connecting Africa will bring new stories to our international audience that highlight the fast-growing African companies and homegrown entrepreneurs that are expanding their operations and driving the continent’s economic integration. This is the fifth Africa-focused series that is currently airing on CNN International, demonstrating our commitment to going beyond the news agenda to tell standout stories about the continent to our global audience, covering everything from business and tech to arts and culture.”
Eleni Giokos, CNN Correspondent, said: “This series is a chance to step back and take a truly holistic look at Africa, in the context of what could be an era defining free-trade agreement. Our new series will examine the entire value chain underpinning this vast and diverse continent, taking in everything from colossal logistics infrastructure to ambitious small businesses. We’ll be uncovering the stories in the connective tissue that binds Africa together, and asking if the time is now arriving when its long-heralded potential is truly unleashed.”
The first episode of Connecting Africa will air on CNN International from 5th December 2020.
CO-OP BANK SUPPORTS METROPOLITAN NATIONAL SACCO
Co-op Bank has deepened its strategic partnership with the giant Metropolitan National Sacco (formerly Kiambu Teachers Sacco) to streamline and enhance service delivery to the members.
The Bank is offering Corporate advisory services through its subsidiary, Co-op Consultancy to build capacity for long term sustainability. In addition, under a Corporate Restructure Program, the Bank has restructured the Sacco’s funding requirements to better manage the members’ monthly loan demands, as well as the overall liquidity, flows aimed at a complete turnaround of the Sacco.
Metropolitan National Sacco is one of the largest Saccos in the over 15 million members co-operative movement and has a membership of over 100,000, a total assets base of Ksh 13.6 Billion and runs 8 branches spread across the country. The Sacco has stabilized its operations with additional effort geared towards the recovery of the outstanding loans while availing the recovered funds for on-lending to members. The Bank has re-launched the Saccolink debit card, Sacco Personal Cheques and trade finance partnership to increase the Sacco’s revenue base through its front office service activity (FOSA).
Speaking at the event organized to sign the restructuring agreement the Chairman of the Sacco Mr. Christopher Karanja, highly commended Co-operative Bank for the timely intervention noting the restructuring has really injected new impetus for growth at the Sacco. He further commented;
“We thank the Co-operative Bank for coming to our great support at such a critical moment. The recommendations and measures that have so far been put in place will certainly get the Sacco to new heights. The corporate restructure by the Bank is the best thing that has happened to the Sacco in a long time. We will now boldly and seamlessly offer services to our members.”
Speaking at the same function, the Director, Co-operatives Banking Division at Co-operative Bank, Mr. Vincent Marangu said that the bank has a strategic interest in the turn-around and long-term growth of Metropolitan National Sacco a key stakeholder in the co-operative movement.
Mr. Marangu added that the corporate restructuring deal will ensure the Sacco has the adequate working capital to support the members as well as improve the operational efficiency of the Sacco.
“We have done it before for a number of co-operatives, with huge success, and therefore this will be in line with our mandate and commitment to the co-operative movement,” he concluded.
The corporate restructuring program commenced this month.
Source: Co-operative Bank
Zuckerberg ‘Facebook developing a cryptocurrency’
Reports have it that Mark Zuckerberg has Facebook developing a cryptocurrency that they are planning to launch in a dozen of countries by the first quarter of 2020. Their cryptocurrency would be called GlobalCoin and it could be unveiled by the end of this year. BBC says Zuckerberg has even met with Mark Carney, Governor to the bank of England, and discussed the matter with him. This will require Zuckerberg to improve too much on his call for trust from customers as he has had several privacy issues with Facebook.
The idea of cryptocurrency sound new though it has existed for quite a long time. Facebook wants to enable customers to do online purchases in an easier way even to those without bank accounts. Facebook will experience the hard times in the use of this cryptocurrency due to the unclear understanding of the concept by a big part of the general public they are targeting.
This, however, is not the first time Facebook is venturing into the virtual payment systems. They had attempted implementing one they called Facebook Credits in 2011 for in-app purchases. In 2012, they had to abandon the idea due to lack of interest and use by the public. Facebook is also said to have hired David Marcus from PayPal back in May of 2018. Despite all these, Facebook will have to be more attractive to customers and assure them of secure systems in this digital world.
These are the world top countries who banned Bitcoin
Follow these links to find out why countries banned Cryptocurrency
China bans Bitcoin, leading to drop in value December 6, 2013 by PCR
China Bans BitcoinDecember 6, 2013 by Payment Cards
China bans Bitcoin, lowering the ceiling of the currency’s potentialDecember 5, 2013 by Extreme Tech
People’s Bank of China Bans Bitcoin Over ‘Drugs and Guns’ Trade FearsDecember 5, 2013 by The Register
Russia Bans Bitcoin UseFebruary 9, 2014 by The Verge
Russia Bans Bitcoin, Labels It A “Money Substitute” February 8, 2014, by Digital Trends
Russia bans bitcoinsFebruary 7, 2014 by Fox News
Russia Bans Bitcoin: 5 Fast Facts You Need to know February 7, 2014, by Heavy
Bitcoin banned in Thailand on July 30, 2013, by CNBC
Bank of Thailand bans BitcoinJuly 30, 2013 by The Register
Bitcoins banned in Thailand July 29, 2013, by Telegraph
Vietnam Bans BitcoinFebruary 28, 2014 by The Hindu
Bitcoin Banned in Taiwan after Billionaire BTC Ransom attempt November 3, 2015, by Coin Telegraph
Bitcoin Declared Illegal in Taiwan November 2, 2015, by Crypto Coins News
Bitcoin Banned in Colombia January 3, 2017, by BitConnect
Superintendencia de Sociedades Bans Bitcoin in Colombia December 31, 2016, by NEWSBTC
Ecuador Bans Bitcoin and Paves the Way for a State-Backed CryptocurrencyMarch 24, 2015 by Coindesk
Ecuador Bans Bitcoin, Plans Own Digital MoneyJuly 25, 2014 by CoinDesk
Bolivia’s Central Bank Bans BitcoinJune 19, 2014 by CoinDesk
In-Depth: Bangladesh Bans BitcoinSeptember 22, 2014 by Crypto Coins News
Kyrgyzstan: Bitcoin Payments Violate State LawAugust 4, 2014 by CoinDesk
New sound proof beach party in Kilifi county
Kilifi County issued a warning notice to club owners and investors over loud noise at the beach. The county said that the law does not allow clubs to play sounds higher than 35 decibels.
This was received with a lot of rejection noticed during the meeting with county officials. Angela Chisemwa, the general manager of Rosada Beach Club, said they were not opposed to the laws but it would force them to close businesses if implemented as no one would go to a beach party with low sound.
“If my facility is at the beach, how do I put sound proof on the beach?’’ she asked.
Jackson Maina of Papa Remo said they organise beach parties every Thursday which attract tourists from their two resorts Seven Islands and Krystall Bay which have a capacity of 300 people.
Clients from all over Watamu and even Malindi come to enjoy music during the beach party at Papa Remo.
“If we lower the sound of music we will lose all these clients,’’ he said.
Alex Zissimatos, the General Manager of Plan Hotels Malindi, said the tourist numbers had gone down by over 50 per cent in the last decade and is now picking up.
He warned that such restrictions would negatively affect the sector.
Local leader Jamaal Shee in Malindi, said the laws will affect residents who depend on the tourism sector since they will lose thir jobs.
Other coast counties such as Mombasa have spared three specific days for beach parties while Kwale has only two for beach parties.
“If you threaten us with heavy penalties and we close down the facilities, those who will suffer are the locals,” Shee said.
Entertainment2 days ago
BIC MAKES SOCIAL DISTANCING FUN AND CREATIVE FOR KIDS
Lifestyle23 hours ago
Don’t Let Disinformation Endanger Lives, Tobacco Harm Reduction Is Real
Uncategorized2 days ago
Term Papers to Buy
Uncategorized1 day ago
Role of Term Paper Writers
Uncategorized2 days ago
Uncategorized3 days ago
Ways to Make More Money at the Business of Custom Term Papers
Uncategorized2 days ago
Uncategorized16 hours ago
Custom Research Paper