Author: Muindi

Terres des Hommes, a children’s rights organisation jointly with the Ministry of Education has launched an online manual that seeks to address rising cases of sexual exploitation. The manual comes in a time when Kenya and the world at large are facing challenges brought by the Covid-19 pandemic with internet and mobile penetration getting into the hearts of children. This has exposed children to Online Sexual Exploitation. Speaking during the launch, Raphael Kariuki, Africa Head of Region highlighted the key overall goal of the Safe Online Project, which is to prevent and respond to Online Child Sexual Exploitation in three…

The South African government is ramping up policies aimed at using digital technology to reduce inequality, create opportunities, and reap the benefits of ICT for a post-pandemic social and economic revival. This was the message from Minister of Communications, Telecommunications and Postal Service Stella Ndabeni-Abrahams today. The minister was speaking at the Better Africa Summit at AfricaCom2020, the largest telco, media, and technology event in Africa, taking place online from November 9-12. Ndabeni-Abrahams said President Ramaphosas Fourth Industrial Revolution (4IR) commission has already made several key recommendations that have been approved by Cabinet. These include a commitment to invest in…

The Capital Markets Authority (CMA) has approved Exinity Capital East Africa Limited to operate as a non-dealing online foreign exchange broker. Exinity Capital East Africa Limited becomes the fourth non-dealing online foreign exchange broker to be licensed by CMA. The others are EGM Securities Ltd (trading as FXPesa), SCFM Ltd (trading as Scope Markets), and Pepperstone Markets Kenya Limited. “This is an important milestone in the online foreign exchange market as it gives Kenyans a choice of four non-dealing online foreign exchange brokers licensed by CMA,” acting chief executive Wyckliffe Shamiah said Wednesday. According to the Capital Markets (Online Foreign Exchange…

Kenya Airways restored its services to Bujumbura, Burundi on November 9. “We’re pleased to resume passenger services and continue to keep your cargo moving,” revealed Kenya Airways on its Twitter feed. Its first flight, KQ 460 landed at Melchior Ndadaye Airport with 50 passengers on board. The resumption follows the reopening of Burundi’s National Airport Melchior Ndadaye, to international flights on Sunday.  Burundi’ss government spokesperson Prosper Ntahorwamiye in a statement said all passengers will be screened and quarantined for 72 hours upon arrival at government-identified hotels. Any passenger leaving or entering the nation through the airport will have to produce…

Kenya is expected to benefit from KSh1.2 billion United Kingdom funding for climate initiatives, an expansion of the PACT Green Recovery Challenge Fund to African countries to support their low carbon emissions. “The joint implementation Plan on Climate we are launching today will drive forward a key area of the UKKenya Strategic Partnership launched by President Uhuru Kenyatta and Prime Minister Boris Johnson in January this year,” Julius Court, British Deputy High Commissioner to Kenya said during the launch of a Year of Climate Action Tuesday. On his part, Environment PS Chris Kiptoo said the Kenyan government is committed to…

Absa Asset Management Limited has been granted a fund manager’s license by the Capital Markets Authority (CMA). The Unit Trust Funds will comprise of five funds, Absa Shilling Fund, Absa Dollar Fund, Absa Bond Fund, Absa Equity Fund, and the Absa Balanced Fund. “The Capital Markets Authority has granted consent to ABSA Asset Management Limited for the registration of Absa Unit Trust Funds,” reads a statement from the Regulator. In October, CMA published guidelines to Collective Investments Schemes, (CIS), on the valuation, performance measurement, and reporting by Fund Managers aimed at ensuring the standardization of the sector and consistency of…