[Carole Kimutai] Banks are now the next target for cybercrime, ICT experts have warned. Tom Omariba, UUNET MD, says cyber criminals have perfected the art of hacking into people's or organisations' bank accounts through replication of domain names. They then use the information to acccess banking details that enable them to withdraw money from their victim's accounts. 1 Jul 2010 07:02
Kenya's parliament approved a law on Wednesday (23 June 2010) to fix the maximum prices of food and fuel. Under the new bill the finance minister would be allowed to cap prices for basic goods such as maize, sugar, rice, wheat, petrol, and cooking fat. 28 Jun 2010 09:30
[Carole Kimutai] Equity Bank has partnered with Safaricom's M-Pesa money transfer service to launch a mobile bank account product known as M-Kesho - a Swahili term that refers to the future of mobile banking. M-Kesho will enable customers to transfer money to and from their M-Pesa Equity bank accounts via their mobile handsets with additional benefits. 24 May 2010 09:40
[Wambi Michael, Christi van der Westhuizen] KAMPALA: The international push behind Kenya's controversial Anti-Counterfeit Act of 2008 dates back as far as October 2006 when the World Customs Organisation held its first intellectual property rights (IPRs) seminar in Kampala, the capital of neighbouring Uganda, focusing on East African governments' enforcement of these rights. 24 May 2010 09:14
[Carole Kimutai] As the battle for consumers rages on in Kenya, CompuLynx, an international IT and business solutions provider has unveiled iSMART Lite - a locally developed retail management software solution targeting small size supermarket outlets. 28 Apr 2010 07:27
NAIROBI: Visa recently announced that its client financial institutions in Kenya have issued more than two million Visa cards. The milestone also marks a US$3.3 billion transaction volume on Visa cards in Kenya as more individuals enter the formal financial services through electronic payment systems. 15 Mar 2010 11:49
NAIROBI: Visa, in partnership with I&M Bank of Kenya, recently launched its e-commerce license. Visa currently has four million cardholders (50% Kenyan) in the East African market and has worked with Kenya's I&M Bank to ensure it was compliant with international standards. 9 Mar 2010 10:06
[Carole Kimutai] The Kenya Commercial Bank Group (KCB) has launched a quickserve ATM in the country. The new MCR's Intelligent Deposit ATM has a touch screen and is capable of handling cash in both Kenya shillings and US dollars. The ATM costs about KSh5.4 million. 17 Feb 2010 08:39
Recent rainfall in Kenya boosted by the El Niño phenomenon is expected to result in a bumper maize crop from mid-February. The latest report from the Kenya Food Security Steering Group anticipates a strong harvest in the country's coastal and south-eastern regions. 5 Feb 2010 07:53
NAIROBI/TRANSMARA: Two years ago, fed up with a husband who drank too much and provided too little, Julie Amunga, who lives in the sprawling Mathare slum in the capital, Nairobi, decided to start a business that would enable her to support her family. 23 Dec 2009 17:49
[Carole Kimutai] James Finlay (Kenya), a local tea extracts manufacturing firm, has announced the commencement of a phased shutting down of its Mara Mara Tea Extracts factory located in Kericho, Rift Valley. Finlay's sales volumes have been affected by the economic downturn and increasing competition from lower cost production centres. 5 Oct 2009 07:42
NAIROBI: Following below-average harvests in 2007 and 2008, Kenya's grain farmers need seed and fertiliser support to enable them to make use of El Niño rains, expected between October and December 2009, the UN Food and Agriculture Organisation (FAO) says. 28 Aug 2009 09:51
NJORO: Two months before harvest time, the maize in Kenya's Rift Valley should be tall, lush and green, bursting with life. Instead, crops in the province's Lare division are stunted, barren fields of parched browns and pallid yellows. 21 Aug 2009 11:07
[Alison Walkley] A 300 megawatt windfarm, coined the Lake Turkana Wind Power Project, is being developed in Kenya in the hope of decreasing the country's greenhouse gas emissions. A total of 365 wind turbines are slated for installation in northern Kenya. 17 Aug 2009 10:39