Farmers Commodity exchange takes shape.

The Cabinet has approved new laws setting up a market for trading of commodities and currencies. This paves the way for opening of an exchange that could give farmers access to a bigger market for their produce.
The Capital Markets Authority (CMA) in April published draft regulations for setting up a futures exchange, which will now be published into law incorporating input from stakeholders.

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Obama to spend 8 billion shillings on Africa visit.

There is growing outrage in the USA over the reportedly massive $60-$100 million price tag of president Obama's upcoming trip to Africa. With expenses like 24-hour fighter jets over the president's airspace and floating Navy trauma hospitals off the coast, there are calls for the White House to cancel the trip. This is the first visit of President Obama to Africa since 2009. He will be visiting four African

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Best and Worst careers to take a loan for.

Many university graduates dream of the day they’ll finally clear their Helb loans. Some students enrolled in the parallel degree program also take loans to finance their studies. So, which careers are the best, careers that promise a return on your investment? Which careers are the worst in which to take a loan against? Here are some of the careers we sampled. (Disclaimer: This is merely an opinion and not expert advice).

Best:

Advertising and marketing.
College grads going into advertising and marketing can pay off their loans in a few years. While not all marketing graduates will get top level pay, marketing majors can start working right after they’re done

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China to build Africa’s largest Hydro Power Plant in DR Congo.

The contours of a new set of agreements to build the long-shelved 40,000MW Grand Inga dam have emerged.
More than 90 politicians, businesspeople and international financiers gathered in Paris, the French capital to discuss the African infrastructure deal of the century in Paris on 17 May.

Finance and power ministers from several African countries, including South Africa and the Democratic Republic of Congo, sat down with the African Development Bank and World Bank, alongside lawyers, bankers and the representatives of several business consortia.

Key amongst those are China's Sinohydro and the China Three Gorges corporation, which built the world's largest hydropower project across the Yangtze river, first delivering 22,500MW in 2008.

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Safaricom aims to integrate Wi-Fi on Matatus.

Safaricom is on an all out push to get the matatus plying the Nairobi route to have wireless internet- Wi-Fi. The company sees the endless traffic jams in the city’s road as an opportunity for commuters to surf free as they get distracted from the traffic jam. However, security precautions still remain, as

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Saudi Arabia plans to block WhatsApp within weeks.

Saudi Arabia plans to block Internet-based communication tool WhatsApp within weeks if the U.S.-based firm fails to comply with requirements set by the kingdom's telecom regulator.

The country’s telecom regulatory body argues that it is hard for the state to monitor WhatsApp, and it also deprives telecom companies of revenue from international calls and texts.

The kingdom appears to be making a greater push for more control over cyberspace as Internet and smart phone usage soars, in part due to strict laws that limit opportunities for people to mix in person.

WhatsApp has seen an unprecedented expansion since its launch four years ago, and is eating into the

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Safaricom overtakes EABL as the most valuable company in East Africa.

East African Breweries Limited (EABL) has lost its place as the NSE’s most valuable firm to Safaricom, following successive weeks of share price decline.

EABL, whose share was trading at Sh351 Thursday having opened at Sh358, now has a market capitalisation of Sh278 billion compared to Safaricom’s Sh294 billion.
Safaricom was trading at Sh7.35 per share Thursday, having remained above the Sh7 per share since the beginning of May.
Analysts say the EABL share has dropped due to a mixture of profit-taking and the adoption of a

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