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MasterCard aims to increase electronic payments
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- Category: Consumer & Household
- Published on Tuesday, 08 April 2014 09:35
- Written by Super User
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MasterCard today announced the licensing of Guaranty Trust Bank (GTBank) to issue MasterCard debit, credit and prepaid cards in Kenya. The collaboration is expected to increase the adoption of electronic payments in the country, especially in the retail banking sector.
James Wainaina, Vice President and Area Business Head, MasterCard East Africa said: “MasterCard’s vision for East Africa and the rest of Africa is a world beyond cash and we can only achieve this by working with industry partners that have a similar goal. As our nation moves towards being a cashless society, we are proud to work with GTBank as they move towards retail banking and whose retail focus will further the adoption of electronic payment systems in Kenya’s fast-growing retail sector.”
Kenya’s economic prospects for next 50 years
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- Category: Consumer & Household
- Published on Friday, 24 January 2014 04:11
- Written by Super User
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We have written and talked enough about the last 50 years, the failed opportunities and the great triumphs. We have downgraded one national triumph, however: pacifying Somalia where a superpower had failed.
Let’s focus on the next half century. On a selfish note, if I live to be Mandela’s age, I shall be there to celebrate Kenya’s centenary.
We all hope that we learnt our lessons in the past 50 years. A few issues will predominate the next 50 years.
The first will be the environment. Wangari Maathai may be gone, but her legacy will live on. The earth is our mother, and we must continue taking care of her. In the next 50 years, there will an increased demand for Earth’s resources, both renewable and non-renewable.
Kenya seeks partnership with private sector to grow economy
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- Category: Consumer & Household
- Published on Friday, 24 January 2014 04:09
- Written by Super User
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Kenyan President Uhuru Kenyatta on Thursday said his government will work closely with the private to grow the economy despite internal and external challenges.
Kenyatta said increased involvement of private companies in improving the volume and value of economic activity in the country would boost ongoing efforts to foster rapid development.
"These actions will improve trust in the public institutions that we represent; and which, in turn, we expect to outlive us and become our legacy," he said when he officially opened PricewaterhouseCoopers' (PwC) new ultra-modern office complex in Nairobi.
Read more: Kenya seeks partnership with private sector to grow economy
Kenya: Why Obama Has Invited Uhuru to USA
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- Category: Consumer & Household
- Published on Friday, 24 January 2014 03:51
- Written by Super User
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THE White House yesterday said President Obama would invite President Uhuru Kenyatta to Washington for a summit in August.
Uhuru is still technically an ICC indictee although there is widespread speculation that his delayed trial at the Hague is about to collapse.The indictment is one reasons why Obama is yet to visit the homeland of his late father as president despite visiting Tanzania on an African tour last year.
Obama will invite 47 African nations that are currently in good standing with the United States or are not suspended from the African Union.
Egypt, Zimbabwe, Sudan, Guinea Bissau will not be invited.
