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Netflix adds 7 million subscribers in global expansion
Netflix says in its quarterly report it ended the year with nearly 94 million subscribers, adding five million outside the United States in the last three months of the year/AFP-File SAN FRANCISCO,...
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272 budding entrepreneurs benefit from KCB Foundation’s 2Jiajiri initiative
“We are focused on supporting entrepreneurs and holding their hands through the journey as a way of driving entrepreneurship and economic empowerment in the country,” said KCB Foundation Executive...
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Rwanda’s essential oils offer big profits from little land
25 hectares produces 1,000 kilogrammes of essential oils derived from patchouli, lemon grass and eucalyptus as well as geraniums. Gahara, Rwanda, July 19 – Inside a metal shed in southeastern Rwanda,...
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Entrepreneur finds a sweet spot with edible chocolate flowers
NAIROBI, Kenya, July 20 – In 1906, Japanese writer Okakura Kakuzo wrote a long essay that included the quote, “In joy or sadness, flowers are a constant friend”. More than a hundred years later,...
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India’s Ambani to launch free smartphone as he shakes up telecoms
Mumbai, India, Jul 21 – India’s richest man Mukesh Ambani said Friday that his telecoms venture Jio would launch a free smartphone, escalating a price war that is shaking up the country’s...
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Failure is a painful but necessary recipe for success, Jack Ma tells Kenyan...
Jack Ma at the University of Nairobi where he was speaking to over 500 entrepreneurs. He is visiting Kenya and Rwanda in his capacity as a special advisor for UNCTAD. Nairobi, Kenya, Jul 21 – Jack Ma,...
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PODCAST: Listen to Jack Ma talk to 500 entrepreneurs at The University of...
NAIROBI, Kenya, July 21 – Jack Ma’s Ali Baba e-commerce company has employed 56,000 and created 33 million jobs in China, delivering 65 million packages per day. He is the richest person in Asia and...
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To be a big company, solve big problems, Jack Ma advises
“Where the government doesn’t know what’s going on, that’s an opportunity. When people around you disagree, that’s an opportunity,” Ma said. Nairobi, Kenya, Jul 21 – Jack Ma’s rags to riches story has...
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Africa social entrepreneurs to pitch for health funding in new program
The 14 organizations were selected from Benin, Botswana, Ethiopia, Ghana, Kenya, Liberia, Nigeria, Rwanda, South Africa, Tanzania, Uganda and Zimbabwe through a rigorous process. NAIROBI, Kenya, Jul 26...
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How a Nairobi second-hand clothes hawker became a millionaire
NAIROBI, Kenya, Jul 27 – On December 31st, 2014, event planner Juma ‘Jay’ Khamis Mohammed planned an entertainment event that would see Nakuru residents usher the New Year in style. His event had an...
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Growth of malls marked the downfall of Nakumatt – CMO
Nakumatt Holdings Chief Marketing Officer Andrew Dixon says there are three reasons for Nakumatt’s struggles/FILE Nairobi, Kenya, Aug 1 –The butcher is closed, meters of shelves are empty save for a...
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KCB Foundation initiates 367 youth into hydroponic crop and fodder production
The KCB Foundation complemented the efforts of government to transform their fortunes and enrolled them for technical, vocational and life-skills training under the 2jiajiri program/CFM NEWS NAIROBI,...
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One law for the rich? Light terms for S.Korean tycoons
Lee Jae-Yong (R) is far from being the only South Korean business tycoon to face a hefty jail term/AFP SEOUL, South Korea, Aug 7 – South Korean prosecutors on Monday demanded a 12-year prison term for...
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Bahrain, UAE open flight corridors for Qatar Airways: ICAO
Bahrain and the UAE agree to open up flight corridors for sanctions-hit Qatar’s state-owned flag carrier Qatar Airways, according to the Montreal-based International Civil Aviation Organization/AFP...
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Tourism a major casualty of China quake
China evacuated more than 30,000 tourists in its mountainous southwest after a strong earthquake rattled the region, killing at least 20 people/AFP JIUZHAIGOU, China, Aug 10 – Tourism may prove one of...
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Kenya private sector urges legal channels to challenge poll results
Under the Kenya Private Sector Alliance initiative – Mkenya Daima – says pursuing legal dispute resolution channels will not only ensure peace and stability in the country but also allow businesses to...
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After Merck, CEOs of Intel, Under Armour quit Trump panel over rally
Merck CEO Kenneth Frazier has quit a White House advisory panel on manufacturing after President Donald Trump’s initial failure to explicitly condemn a white supremacist rally/AFP NEW YORK, United...
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China blockbuster joins top 100 grossing films worldwide
With special effects, stunts and explosions worthy of Hollywood, “Wolf” boasts the ominous tagline “whoever offends China will be hunted down no matter how far away they are”/AFP SHANGHAI, China, Aug...
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Amazon says to create 5,000 jobs in UK
US tech and retail giant Amazon says it would create 5,000 British jobs this year, in a show of confidence in the UK economy/AFP LONDON, United Kingdom, Feb 20 – US tech and retail giant Amazon on...
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Wild times as Madagascar rides vanilla price bubble
A farmer shows his raw vanilla pods. High prices are making many producers flush with cash/AFP SAVA REGION, Madagascar, Aug 23 – Hit by rampant speculation and a collapse in production following...
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