Browsing All Posts published on »February, 2011«

Safaricom to beef up its WiMax network

February 28, 2011

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Below is a press release on plans by Safaricom to beef up its Wimax network from here PS: it is a copy and paste from the website. Austin, TX (Vocus/PRWEB) February 28, 2011 Alepo, a leading provider of control plane & business management solutions for next generation services, announced today its partnership with East Africa’s […]

Upgrade successful…Safaricom

February 28, 2011

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Sunday, February 27th, 2011…….. Safaricom’s upgrade of its systems has been successful. The upgrade occurred between Saturday, February 26th 8am and today Sunday, February 27th 10am. As expected, the system has automatically reverted to normal operations without any subscriber action. “We are delighted by the success of this cutover and congratulate our engineers for a […]

NIC Profits up 71 per cent, breaks the norm

February 24, 2011

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Unknown to many including journalists that covered the event, NIC Bank today broke the norm in its 50 plus years of operations. The bank for the first time hosted an investor briefing at the Serena Hotel to release its 2010 report card that all looked impressive. With profit before tax of 71 per cent for […]

Safaricom to go ‘mteja’ at the weekend

February 24, 2011

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Nairobi, February 24, 2011…Integrated communications’ company Safaricom has today announced a major systems upgrade whose aim is to achieve a better experience for its over 17 million subscribers. The key upgrade, which is slated for 8 pm on Saturday 26th to 10 am on Sunday 27th February 2011, will result in the migration from the […]

Dispute over Simmers ownership-Business Daily

February 23, 2011

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  Business Daily reports that there is a court battle over the ownership of Simmers Restaurant in Nairobi.   The popular joint is located along Kenyatta Avenue and is likely to be sold to a third-party. According to the story on the Business Daily, the ownership row has on one hand shareholders of Nilestar Holdings […]

Michael Joseph, appointed as first World Bank Fellow

February 22, 2011

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The World Bank today announced the launch of a new global fellowship program to tap new expertise into its development work and strengthen its knowledge network. The Fellowship program will enable the Bank to attract global technical and policy experts for three months to a year to provide new perspectives on policy, performance and implementation. […]

Kenyan Banks to release 2010 report cards

February 21, 2011

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Kenyan banks are set to release their performance results for the 2010 financial year beginning tomorrow. The banks will be doing this to comply with regulatory requirements that expects them to give an account of what they did during the last 12 months. A majority of the banks have their financial year ending December 31st, […]