S& L will provide housing finance for government civil servants: A rate of 5% over 18 years is unprecedented – but 600 million shillings means it will benefit as most 120 mid-tier admins going by the current housing prices.
Blue chip black eyes: It must be bad for employees of blue chip banks and companies in Nairobi like Barclays, Citi, AIG - to have to face the press and their peers while their parent companies are admitting bad sub-prime decisions, write-offs, layoffs and record losses.
Stockbroker charged: A rogue stockbroker finally arrested but given the inability to prosecute white collar crimes here, and the legal delays that lawyers are able to get their wealth clients, it may not bring much comfort to his former clients.
Cement shortage in Tanzania, is the 2010 World Cup to blame?
(i) New A320 aircraft for Air Tanzania
(ii) Air Uganda now flies to Jo-Burg – so do any Ugandans still have to get up at 4 a.m. to route through KQ Nairobi?
(iii) What’s a KQ 737 doing in Amsterdam?
all photos from airliners.net
Also, the site get a lot of hits from people looking for jobs with Emirates thanks to a few posts over the years about the airline hiring cabin crew in Nairobi. But it's tough to get a job with Emirates, though they get 90 new flight attendants each week and former US pilots joining, they only hires about 5% of applicants.
Pan African media race
Nation Media Group whose vision is to be the 'media of Africa for Africans’ have launched a digital platform to satisfy subscribers (esp. in Diaspora) who want video and text online. They will combine their radio, print and video broadcasts while also welcoming citizen journalism ‘where viewers send in pictures and give understanding of events in their neighborhoods’ – according to their annual report, thsi will add to their revenues.
Businessman Chris Kirubi also has ambitious plans to expand his media network, and after bringing CNBC Africa to Nairobi this year , may next try to create a Capital platform like the Nation’s.
You know the economy is bad when;
- Your favorite bartender steals shamelessly from you and you celebrate his firing
- Previously ‘safe’ parking spots become vandalism spots
- Anyone traveling up-country is targeted with requests to buy cheap vegetables – but there are none available
- It takes a long time to fill a matatu in rush hour as many people are opting to walk
Economic Ying Yang;
- soft drinks EABL have a run away hit with their Alvaro (pear and pineapple juice), but KETEPA should probably have educated Kenyans on what ‘iced tea’ is before launching their new safari
- Money transferImperial Bank signed up with Moneygram, while Family bank and Housing Finance have just signed to become agents Safaricom’ M-Pesa.
Petrol prices finally hit 100 shillings ($1.62) a litre of K-Street, but at least you can still buy the same for 92/= in Ngara
- Barclays scholarships for mathematicians
- Yale Leadership Training Program seeks leaders of tomorrow
- Investment challenge for undergraduate university students to simulate NSE investments and win prizes and internships.