Blog entries from: Bankelele

Nairobi writer on Banking, Finance, Technology, and Investments

1 to 10 of 28

June 12 2013

From Bankelele Wed Jun 12 2013, 15:00:00

Last week, Base Resources and Base Titanium had a session in Nairobi to update the media on the progress of their Kwale Mineral Sands project. CEO Tim Carstens, the Managing Director (who has made 50 trips to Kenya in 2 years) spoke about the progress developments that started in October 2011 and are now 83% complete with the plant expected to go live in the third quarter of the 2013 processing the extraction of three products used in industrial pigments, plastics, paper, and paint colouring.

So far, along with the three fields identified in Kwale, Base has a new dam filled with 6M cubic feet of water, a new 8KM road (from a nearby highway) to the plant - which is itself being assembled like a large pre-fab lego structure, a new dock being constructed at Kilindini (on the mainland side), ...

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June 6 2013

From Bankelele Thu Jun 6 2013, 11:29:00

How do you introduce someone who's watched the new world of tablets, launched with the first iPad, go by very rapidly and evolve into many stronger models three years later - and who does not believe in them? Very gently...!

Despite the prevalence of iPads and other tablets at conferences, on the TV news, and even around Nairobi, I still have not met anyone, other than @Wanyama, who uses a tablet productively as their main business device.

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May 31 2013

From Bankelele Fri May 31 2013, 22:54:00

TJRC: Two weeks ago, Kenya's Truth Justice & Reconciliation Commission handed its completed TJRC Report to the President concluding three years of work in which the committee set out to document violations of human rights, abuse of power and misuse of public office since Independence and look at solutions that may be beyond the reach of the judicial system to addresses and restore.

They collected over 42,000 statements around the country and, at 41%, land and property issues topped their list of violations, far ahead of the next four issues (extra judicial killings, serious injury, persecution, torture) combined.

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May 8 2013

From Bankelele Wed May 8 2013, 06:30:00

Someone said that a matatu owner is the seventh or eighth person to get paid at the end of a busy day, only getting residual cash after the driver, turn boy, tout, tax man, council person, policeman, and sometimes the driver's girlfriend have taken their cut. But on Tuesday April 30, Google and Equity Bank unveiled BebaPay, a cashless way for commuters to pay for transport in buses in Kenya - and which propels owners right to the front of that queue.

The transport sector has many challenges and is known for some unpleasant habits like reckless driving, price hikes when it rains, bribing traffic police, ill-treatment of passengers, having unroadworthy vehicles etc. - but some investors who purchase the vehicles than can cost an average of Kshs. 4 million ($47,000) believe that a common ...

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April 16 2013

From Bankelele Tue Apr 16 2013, 01:49:00

Gift from Uganda during the Kenya Supreme Court hearings

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April 2 2013

From Bankelele Tue Apr 2 2013, 07:43:00

Ranked by assets (Placing in 2011)

1 (1) KCB [assets of Kshs 304.1 billion ($3.58 billion), profits of Kshs 15.75 billion ($185 million)]

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March 4 2013

From Bankelele Mon Mar 4 2013, 12:03:00

As @Raaheli reminded us on election day today, Kenya has had five national election events in about 10 years - in 2002, 2005 (a constitutional referendum that failed), 2007, 2010 (a constitutional referendum that passed), and now in 2013.

As the results trickle in, here are some recent election predictions:

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February 8 2013

From Bankelele Fri Feb 8 2013, 03:10:00

Now that the novelty of having KFC in Kenya has somewhat faded, it's time to welcome another global restaurant giant. This time it's Subway who have sub-Saharan African operations in South Africa, Tanzania and Zambia, and are now seeking new restaurant locations in the downtown Nairobi (CBD), Westlands, Kilimani, Gigiri and Upper Hill.

Somewhat related, December also saw the opening of a Naked Pizza restaurant in Westlands.

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January 24 2013

From Bankelele Thu Jan 24 2013, 08:28:00

Some open opportunities to apply for;

African Development Bank: 2013 Internship Programme Session 2 - Provides students with an opportunity to acquire professional and practical experience at the African Development Bank and the Bank with a pool of potential candidates for future recruitment purposes.

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January 2 2013

From Bankelele Wed Jan 2 2013, 09:11:00

Five years after the last election that derailed Kenya's image as stable economic regional powerhouse, it's political season again with just two months to the next general election. How does the cost of living compare to a year ago and three years ago?

Gotten cheaper

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