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Twitter sparkle fades after listing; Facebook, LinkedIn hold ground

After a successful listing, Twitter shares seem to be losing its sparkle while social media rivals Facebook and LinkedIn are holding the fort amid portfolio churn by investors. In a dream debut, microblogging site Twitter’s stock popped up on NYSE debut on November 7 and closed with 73 per cent gain for investors who subscribed… Read More »

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Safaricom to support Government’s laptop project after 45 percent rise in profit

Safaricom has announced it will give free Internet to schools in the government’s laptop project after posting a 45 percent rise in profit for the first half of 2013-14 to Sh11.3billion. The growth was driven by a 49 percent growth in Short Message Services (SMS) as well as mobile data that increased by 43 percent… Read More »

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Jumia raises $35m in funding

Just after Jumia raised $26 million a few months ago, the African online retailer has raised $35 million in a fresh funding. The company intends to use the proceeds to increase its leadership position in Egypt, Nigeria, Morocco, and Kenya and to expand to new countries. The funding, secured from Millicom International Cellular S.A., a… Read More »

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Switching for a better tomorrow

When Northern Rock made the headlines and almost invaded the news with the dramatic financial situation, there was a real physical rush to the bank’s counters. People in general, started to step back to look at what was actually happening. Many wanted and made the jump to switch bank account, despite some complicated procedures…they obtained… Read More »

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How do Merchant Account Services Impact Finances?

The merchant account service industry is becoming highly competitive. They are always seeking ways to improve customer services, lower fees, and bring in merchants. Most good merchant financial services focus on delivery reliable and secure payment options for merchants and it is definitely their desire to see their clients succeed. There are highly professional merchant… Read More »

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CBA awaits central bank approval to set up in Uganda

Courtesy of Business Daily (Nairobi) Commercial Bank of Africa (CBA) will begin operations in Uganda by the end of the year as part of an expansion programme into eastern and southern Africa. The lender says it is waiting for regulatory approvals from the Bank of Uganda, before setting up its first branch in Kampala. CBA… Read More »

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Income Tax Planning And Establishing Offshore Companies

Every business organization will do everything in its power to implement effective income tax planning methods. In a country like the USA there are plenty of ways in which such income tax planning can be done. One of the ways is for a business organization to incorporate their operations in a foreign country or an… Read More »

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When do you say NO to an investor?

As a startup have you ever said no to an investor? Does it make sense to wait for the right investor even when you are struggling? These are questions entrepreneurs find themselves asking at one point or another during the lifetime of a startup. Investors come in many forms: Hands on – they want to… Read More »

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When banks go the extra mile

Banks can get a lot of bad press, but they often go out of their way to help their customers and entrepreneurs who need it most through sponsorship and investment schemes. Times are tough for many across the world and there is a lot of the negativity around that has led to ill feeling towards… Read More »

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