By Ju-min Park
SEOUL (Reuters) - Samsung Electronics Co Ltd is considering suspending operations at one of its mobile phone manufacturing plants in China due to slumping sales and rising labor costs, the Electronic Times reported on Monday.
Samsung might stop producing mobile phones this year at Tianjin Samsung Telecom Technology, located in the northern Chinese city of Tianjin, the South...
Temenos to support participants of AUC Venture Lab FinTech Accelerator
The Venture lab at The American University in Cairo (AUC Venture Lab) (http://Schools.AUCEgypt.edu/business/aucvlab/), the leading university-based startup accelerator in Africa and the MENA region, and Temenos (SIX: TEMN) (www.Temenos.com), the banking software company, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo. Temenos will support financial...
The Board appreciates Mr. Bukusi for his service to the game and wishes him the very best in his future endeavors
NAIROBI, Kenya, August 7, 2018/ -- The Kenya Rugby Union (www.Kru.co.ke) Board of Directors announces to all Affiliates, Sponsors and the rugby fraternity that it has received with regret notice from Mr. Ronald Bukusi of his decision to resign...
Guinness, Kenya’s leading stout beer and proud media broadcast sponsor of the English Premier League (EPL) is unveiling an iconic new look for the 300ml and 500ml Guinness bottles and six-pack cans.
Following 52 years in Kenya since inception in 1966, the country will once again lead the rest of the continent in launching this new pack following successive...
Globalization managed to skip Africa by for years. There were several reasons for this. Africa was considered to have poor infrastructure, political instability, and low income. Everything changed when China came along. The country was desperate for raw materials and energy to power their growing manufacturing capacity. They put Africa on the globalization map. The continent was placed right...
Prior to his appointment to Geneva, Mr. Mailu had been serving as Cabinet Secretary for Health at the Ministry of Health of Kenya since 2015
GENEVA, Switzerland, August 2, 2018/ -- Cleopa Kilonzo Mailu, the new Permanent Representative of Kenya to the United Nations Office at Geneva, today presented his credentials to Michael Møller, the Director-General of the United Nations...
In a far-reaching interview with Al Jazeera (www.AlJazeera.com) English’s Head to Head, Dambisa Moyo argued that there are major problems with Western democracy today.
“The notion that democracy is not a problem is mad, it’s crazy,” Moyo said.
Discussing why she believed liberal democracy was “under siege,” Moyo asserted that today’s populism “has its roots in economics”, describing how “real wages...
Huawei rises to become the world’s second largest smartphone manufacturer with robust Q2 performance
Huawei Consumer Business Group (CBG) today announced its business results for the first half of 2018. The company reported solid growth, with global smartphone shipments at 95+ million units*. According to IDC, Huawei rises to become the world’s second largest smartphone manufacturer in Q2 with...
This brings to 465 the number of scholars who have joined the program since inception. The ELP’s objective is to develop a generation of servant leaders with global exposure and the drive to transform the African continent
The Equity Bank airlift program to global universities has this year reached a value of Kshs 11.13 billion, with 465 scholars having secured...
The total pharmaceutical spending for the continent in 2012 was estimated at US$ 18 billion and it is projected to reach US$ 45 billion by 2020
ADDIS ABABA, Ethiopia, August 2, 2018/ -- There is an urgent need to develop the pharmaceutical sector in Africa to reduce the continent’s dependence on imported pharmaceutical and medical products, says Economic Commission for...
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