Sunday, February 28, 2021

How to recover lost files on your hard drive



By Editor 

Despite taking preventive measures or making backup copies, that a hard disk fails and we can lose ...

How the mobile revolution is impacting our lives

FILE PHOTO:  REUTERS/Henry Nicholls/File Photo

By Editor

Mobile technology impacts all areas of our lives today. The revolution in mobile technology began in

Twitter “super follow” users to start earning for contents

Twitter Friday announced plans for a new “super follow” feature which will enable account holders to

Essential things to know when using Bitcoin


You’re reading this article because you know something about Bitcoin, and you’re thinking about

Total bank credits rose to N25 trillion in December

Central Bank of Nigeria's (CBN) governor Godwin Emefiele. / AFP PHOTO / PHILIP OJISUA

Central Bank of Nigeria’s (CBN) governor Godwin Emefiele.<br />/ AFP PHOTO / PHILIP OJISUA

By Geoff Iyatse, Assistant Business Editor

 As non-performing loan stood at 6.01 per cent

The total banking sector’s credits rose by N774.28 billion in December, hitting N25.02 trillion at the end of the year.

Nigeria engages other countries as OPEC moves to ease production cut

By Kingsley Jeremiah, Abuja

 As Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next week

European stocks pull back after sharp global losses

The main entrance at London Stock Exchange Photo: Chris J Ratcliffe/Getty Images

European stock markets pulled back Friday after sharp losses in Asia overnight due to concerns over

Sovereign Wealth Fund: If Nigeria were Malaysia

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Photo: TWITTER/FEDERALMINISTRYOFFINANCE

By Geoff Iyatse (Asst. Business Editor)

In 2016, the US Justice Department filed a complaint alleging that over $3.5 billion had been

PFA urges asset diversification to hedge market volatility

By Helen Oji

 Sigma Pensions has urged investors to remain calm in the face of market volatility and strategically diversify their assets.

Pension assets soared to N12.3 trillion in December 2020

By Bankole Orimisan

 The National Pension Commission (PenCom) December report has revealed a significant increase in

Kenya's Peter Mathuki picked to head EAC Secretariat


Dr Peter Mathuki, the Executive Director of the East African Business Council, who was on February 27, 2021 appointed secretary-general of the East African Community. PHOTO/FILE/NMG.


Museveni, EC respond to Bobi election petition withdrawal


Lead lawyer of former presidential candidate Robert Kyagulanyi, aka Bobi Wine, Medard Sseggona (2nd left) in a discussion with others lawyers at the Supreme Court in Kampala on February 12 before his client applied to withdraw the election petition. PHOTO/ABUBAKER LUBOWA.

By Ephraim Kasozi
By Anthony Wesaka

Trump airs grievances, teases 2024 run in post-presidential speech


Former President Donald Trump addresses the Conservative Political Action Conference held in the Hyatt Regency on February 28, 2021 in Orlando, Florida. Begun in 1974, CPAC brings together conservative organizations, activists, and world leaders to discuss issues important to them. PHOTO/AFP.


House now rejects leave for parents of adopted children


Parliament buildings in Nairobi. FILE PHOTO | NMG



  • Parliament has yielded to President Uhuru Kenyatta and deleted sections of a Bill that would have compelled employers to give leave to parents of adopted children or those born through surrogacy.
  • The National Assembly failed to marshall a two-thirds majority — or 233 lawmakers — to overturn the President’s memorandum to the Employment (Amendment) Bill, 2019 sponsored by Gilgil MP Martha Wangari.
  • The Bill sought to provide two months leave to mothers of a child born as a result of surrogacy and two weeks paternity leave to fathers.

Safaricom faces fresh split push

mps (1)

Parliament during a past session. FILE PHOTO | NMG



  • Debate on a Bill that seeks to compel Safaricom, Airtel and Telkom Kenya to split their telecommunications business from the mobile money transfer and lending units has started in Parliament.
  • Gem MP Elisha Odhiambo initiated debate on the Second Reading of the Kenya Information and Communications (Amendment) Bill in the latest effort to break up telcos.
  • The private members Bill poses the greatest threat to Safaricom, which dominates in the various business lines.

Kenya trails regional peers in UN technolgy use, adoption survey


Nairobi City skyline. FILE PHOTO | NMG



  • The country trails South Africa, Mauritius, Namibia, Gabon, Cape Verde and Ghana in the United Nations Conference on Trade and Development’s (UNCTAD’s) Technology and Innovation Report 2021.
  • The survey on 158 countries worldwide assessed progress made by countries in adopting, using and adapting to frontier technologies in a fast digitalising global economy.

Why small businesses are vulnerable to Covid woes


Workers at Buffalo Millers in Kimumu, Eldoret pack bundles of Mfalme Ugali flour at the factory. PHOTO | JARED NYATAYA | NMG



  • Small and medium-sized enterprises (SMEs) are struggling for survival during this Covid-19 period due to tough economic times.
  • A lack of financial muscle, low sales, high cost of doing businesses and unreliable value chains have compounded their already dire situation.

How women can fight off workplace bias



  • You’re obviously an intelligent and valued member of the team or you wouldn’t be a part of it.
  • You do not need any special treatment because you’re a woman.
  • If the boys enjoy hanging out with each other, it is alright.

Safeguarding your role as a company founder


Suspended cangroup CEO Bharat Thakrar. FILE PHOTO | NMG



  • Leaving the WPP Scangroup situation behind, boardroom ousters are common in the corporate world.
  • Founders are often diluted by external investors during growth stage.
  • Ousters occur when the investors use their influence in the company to pass resolutions against the founder or his interests.

Public debt interest rates to increase


Treasury CS Ukur Yatani. FILE PHOTO | NMG



  • Interest rates on government debt are expected to continue rising this year on the back of negative sentiment on the government’s fiscal position and fluctuating liquidity in the market.
  • A fixed income outlook note by investment bank Dyer& Blair says that the Increasing debt service burden coupled with the underperformance in revenue will sustain upward pressure on interest rates.

When the law is an ass in corporate governance



  • Company law governs the way companies are run within a legal jurisdiction.
  • At the heart of company law is the premise that shareholders who create a company choose the manner in which they want that company to be governed through the establishment of memorandum and articles of association.

The law is an ass.” That opinion was expressed by Mr Bumble in Charles Dickens’ epic classic Oliver

MPs to raise Sh9trn debt cap for extra borrowing


Parliament buildings in Nairobi. FILE PHOTO | NMG



  • Parliament will enlarge the debt ceiling currently set at Sh9 trillion to accommodate Treasury’s borrowing for development spending, Majority Leader Amos Kimunya has said.
  • Mr Kimunya said the National Assembly will look at the reasons behind the Treasury’s proposal to increase the statutory debt ceiling and act accordingly once the request is tabled in the House.

New Covid variant hurts tourism rise


Tourists at a hotel in Diani. FILE PHOTO | NMG



  • Concerns over the risk of transmission of the highly contagious coronavirus variant have slowed return of tourists to Kenya, exerting further pressure on the shilling.
  • Economists from world’s leading banks, consultancies and think-tanks — polled between February 16 and 21— said recovery of the battered tourism sector is being held back by worries over rising risk of transmission of the contagious virus strain.
  • Ministry of Health said earlier in the month it had reactivated Covid-19 surveillance at the ports of entry to help in early detection of the highly contagious virus strain.

Concerns over the risk of transmission of the highly contagious coronavirus variant have slowed return