<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-6279121341611912180</id><updated>2012-01-01T22:38:53.671+03:00</updated><category term='Power of Leverage'/><category term='Information Age Investor'/><category term='Personal Development'/><category term='MoneyTalk'/><category term='Latest News'/><category term='Welcome'/><title type='text'>Savvy Investor</title><subtitle type='html'>Investors are made of this</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>10</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-6788514203910071384</id><published>2011-08-29T19:54:00.000+03:00</published><updated>2011-08-29T19:54:38.756+03:00</updated><title type='text'>Samsung unveils world's first solar-powered notebook</title><content type='html'>&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif;"&gt;&lt;br /&gt;&lt;span style="color: #333333; font-family: &amp;amp;#39; font-size: 12px; line-height: 19px;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;Kenya is among the pioneer launch markets selected to enjoy the benefits of the world’s first solar powered laptop.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;In a pioneering move, Samsung Electronics Nairobi office has confirmed the launch of the Samsung&lt;span style="color: black;"&gt;&amp;nbsp;Netbook NC215S&lt;/span&gt;&amp;nbsp;lap top in the local market as part of a global launch that kicked off in key African markets last week.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;Speaking  in Nairobi, Samsung Electronics East Africa Business Leader Mr. Robert  Ngeru confirmed the availability of the new solar powered 10.1 inch  solar powered-netbook in Kenya as part of the ongoing Samsung Built for  Africa campaign.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;The  Samsung Netbook NC 215S Ngeru explained features an eye-catching and  intelligent large front solar panel located on the cover of the netbook  and will be available across the firm’s local dealer network.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;The  new Samsung solar laptop Ngeru said is loaded with a front cover panel  that captures energy from the sun and allows the user to recharge the  battery automatically and without cost.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;“the  Samsung Netbook NC 215S is an aggregation of Samsung's diverse forward  thinking technologies and it satisfies the needs of global market  consumers by integrating 'environmentally-friendly green IT technology,”  Ngeru said.&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&amp;nbsp;And  added: “Using about 2 hours of bright-mid-day sun, the user can charge  the battery life by one hour with a fully charged battery lasting up to  14 hours of usage, and the battery can be charged up to 1000 times over 3  years.”&amp;nbsp;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;Samsung NC215S soalr notebook has great edge over other notebooks  available in the market due to its 14.5 hours stand-by capability with  to the others.&amp;nbsp;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;The  unveiling of the Samsung Netbook NC 215S comes just months after it was  showcased at the Samsung Africa Forum event in Nairobi last May. During  the electronics exhibition, the Samsung NC 215S attracted the attention  of the public last especially considering the spotty electricity  coverage in Africa.&amp;nbsp;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;And  following its African launch, the new solar powered Netbook is also set  to be launched in Russia, the U.S, Europe, and South Korea before the  end of this month. &lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&lt;span class="A4" style="color: black; font-family: &amp;amp;#39;"&gt;&lt;span style="font-size: 10pt;"&gt;Available&lt;/span&gt;&lt;/span&gt;&amp;nbsp;only  in black, the netbook’s solar panel can also be used to charge a  smartphone, MP3 player and other devices via its USB port, even when the  PC is switched off or in power-saving mode.&lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&lt;span style="font-size: small;"&gt;The Samsung Netbook NC 215S&amp;nbsp;&lt;span class="A4" style="color: black;"&gt;&lt;span&gt;also  features an ultra-portable and stylish design, weigh­ing just 1.3kg and  featuring a slim display rim that’s as thin as a finger. The new laptop  is also loaded with a SuperBright anti-reflective display and can do  almost anything with a powerful dual-core Intel&lt;/span&gt;&lt;/span&gt;&lt;span class="A11" style="color: black;"&gt;&lt;span&gt;®&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span class="A4" style="color: black;"&gt;&lt;span&gt;Atom&lt;/span&gt;&lt;/span&gt;&lt;span class="A11" style="color: black;"&gt;&lt;span&gt;TM&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span class="A4" style="color: black;"&gt;&lt;span&gt;processor and genuine Windows&lt;/span&gt;&lt;/span&gt;&lt;span class="A11" style="color: black;"&gt;&lt;span&gt;®&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span class="A4" style="color: black;"&gt;&lt;span&gt;7 Starter.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span class="A4" style="color: black; font-family: &amp;amp;#39;"&gt;&lt;span style="font-size: small;"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&amp;nbsp; &lt;br /&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 11pt; margin: 0in 0in 0.0001pt; text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif; font-size: 12px;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;&lt;div style="font-family: &amp;quot;Trebuchet MS&amp;quot;,sans-serif;"&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-6788514203910071384?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/6788514203910071384/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=6788514203910071384' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/6788514203910071384'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/6788514203910071384'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2011/08/samsung-unveils-worlds-first-solar.html' title='Samsung unveils world&apos;s first solar-powered notebook'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-939141440953052887</id><published>2011-08-22T18:39:00.000+03:00</published><updated>2011-08-22T18:39:02.592+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Latest News'/><title type='text'>US certifies BlackBerry Smart Card Reader secure</title><content type='html'>&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;span id="sobi2Details_field_description"&gt;&lt;/span&gt;&lt;br /&gt;&lt;div align="right" class="MsoNormal"&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;&amp;nbsp;August 22, 2011&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;  &lt;/span&gt;&lt;div class="MsoNormal"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal"&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;strong&gt;&lt;span&gt;Waterloo, ON&lt;/span&gt;&lt;/strong&gt;&lt;span&gt;  – Research In Motion (RIM) announced today  that the BlackBerry Smart Card Reader™ has achieved FIPS 140-2&lt;/span&gt;&lt;span class="MsoCommentReference"&gt;&lt;span style="font-size: 8pt;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span&gt;certification  level 3 – the highest certification achieved by any wireless smart card  reader on the market. Smart cards support security programs like the  U.S. Department of Defense’s &lt;a href="http://www.cac.mil/CardInfo.html"&gt;Common Access Card (CAC)&lt;/a&gt; program and the &lt;a href="http://www.whitehouse.gov/omb/e-gov/hspd12_reports/"&gt;Homeland Security Presidential Directive 12 (HSPD-12)&lt;/a&gt; which &lt;span class="apple-style-span"&gt;calls  for a mandatory, government-wide standard for secure and reliable forms  of identification issued by the federal government to its employees and  to the employees of federal contractors&lt;/span&gt;. &lt;a href="http://www.nist.gov/itl/fips.cfm"&gt;FIPS (Federal Information Processing Standard)&lt;/a&gt; certifications are assigned by the &lt;a href="http://www.nist.gov/index.html"&gt;National Institute of Standards and Technology (NIST)&lt;/a&gt;, an agency of the &lt;a href="http://www.commerce.gov/"&gt;U.S. Department of Commerce&lt;/a&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;  &lt;/span&gt;&lt;div class="MsoNormal"&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;“Our  customers value the robust security provided with BlackBerry products  and services and smart card readers are particularly important within  the government sector,” said Scott Totzke, Senior Vice President,  BlackBerry Security at Research In Motion. “This advanced certification  of the BlackBerry Smart Card Reader for the U.S. Federal Government  demonstrates our ongoing commitment to meet and exceed the expectations  of our government customers.”&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt; &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;  &lt;/span&gt;&lt;div class="MsoNormal"&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;The  BlackBerry Smart Card Reader is designed to work with personal  identification cards issued by government organizations or other  high-security organizations. &lt;/span&gt;&lt;span&gt;Users insert a smart card into this lightweight reader and wear it on a lanyard as a &lt;/span&gt;&lt;span&gt;two-factor authentication device for secure access to BlackBerry smartphones, desktop computers and facilities. &lt;/span&gt;&lt;span&gt;&lt;span&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span&gt;BlackBerry smartphones and desktop computers automatically lock when the user’s smart card is not in proximity. &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;  &lt;/span&gt;&lt;div class="MsoNormal"&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: times new roman,times; font-size: small;"&gt;&lt;span&gt;FIPS  140-2 level 3 certification of the BlackBerry Smart Card Reader also  verifies advanced security features of the smart card reader itself,  such as tamper evidence and self destruction of critical security  parameters upon device breach.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-939141440953052887?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/939141440953052887/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=939141440953052887' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/939141440953052887'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/939141440953052887'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2011/08/us-certifies-blackberry-smart-card.html' title='US certifies BlackBerry Smart Card Reader secure'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-6664950302327754401</id><published>2011-08-01T19:36:00.000+03:00</published><updated>2011-08-01T19:36:45.593+03:00</updated><title type='text'>World Bank responds drought in Horn of Africa with US$500 million aid</title><content type='html'>&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="124" style="text-align: justify;"&gt;&lt;span style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;span style="color: black;"&gt;&lt;strong&gt;&lt;span closure_uid_xhr44r="134" style="color: black; font-family: 'Arial','sans-serif'; font-size: 10pt;"&gt;WASHINGTON, July 25, 2011&lt;/span&gt;&lt;/strong&gt;&lt;span closure_uid_xhr44r="135" style="color: black; font-family: 'Arial','sans-serif'; font-size: 10pt;"&gt; – &lt;/span&gt;&lt;span closure_uid_xhr44r="135" style="color: black; font-family: 'Arial','sans-serif';"&gt;On the eve of the international emergency summit on the unfolding tragedy in the Horn of Africa, the World Bank today announced it is providing more than US$500 million to assist drought victims, in addition to US$12 million in immediate assistance to help those worst hit by the crisis.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="124" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="144" style="text-align: justify;"&gt;&lt;span closure_uid_xhr44r="148" style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;More than 11 million people in the region have been hit by one of the worst droughts in 60 years, resulting in widespread hunger, deaths, and the loss of subsistence crops and livestock. Rising food prices and deteriorating livestock prices have exacerbated the situation, and the UN is warning of worsening conditions in the coming months.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="144" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="122" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="116" style="text-align: justify;"&gt;&lt;span&gt;&lt;span closure_uid_xhr44r="188" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;Immediate relief and recovery is the first priority, and it is important to act fast to reduce human suffering,” said World Bank President Robert B. Zoellick. “But we also have an eye on the long term solutions of economic recovery and drought resilience that are key to re-establishing livelihoods and ensuring that droughts don’t take such a heavy human toll in the future.” &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="116" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="149" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="182" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="175" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;The International Development Association (IDA) which serves as the World Bank's Fund for the Poorest, and the donor-funded Global Facility for Disaster Reduction and Recovery (GFDRR) are making these funds available with more than US$500 million coming from restructuring of existing projects and immediate reallocation and fast track processing of new projects, including with funding from IDA's new Crisis Response Window, subject to approval by the Board of Executive Directors.&lt;span&gt;&amp;nbsp; &lt;/span&gt;This funding could support the following activities: (a) a regional Enhanced Drought Resilience and Livestock Recovery Program to restore livelihood in all countries in the region; (b) scale up - through additional financing - of the Ethiopia Pastoralist Community Development Project; and the Productive Safety Net Program; (c) a possible new agriculture operation in Ethiopia; and (d) a possible operation in Djibouti. Another US$12 million will be immediately available in GFDRR financing to rehabilitate rural livelihoods; build drought resilience; assist farmers resume planting in time for the next harvest through cash transfers, seeds, fertilizer, and farming tools. In Somalia, the support program will be implemented building on previous rapid response operations and partnership with the Food and Agricultural Organisation (FAO) and on their presence and ability to deliver in Somalia’s most affected areas, where circumstances permit.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="182" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="150" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="183" style="text-align: justify;"&gt;&lt;span closure_uid_xhr44r="155" style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;The GFDRR funds are also immediately available for increased payments through the Cash Transfer for Orphans and Vulnerable Children Program in Kenya while also supporting regional drought resilience planning based on regional needs assessment and developing regional capacity in Disaster Risk Reduction and Resilience.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="183" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="151" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="176" style="text-align: justify;"&gt;&lt;span closure_uid_xhr44r="165" style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;Following decades of recurring droughts in the Horn of Africa, several World Bank-financed projects have established contingency and risk financing mechanisms that will be used to immediately scale up response to drought affected communities. &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="176" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="152" style="text-align: justify;"&gt;&lt;span style="color: black;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;em&gt;&lt;span style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/em&gt;&lt;/span&gt;&lt;span closure_uid_xhr44r="163"&gt;&lt;span style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;“The recurring nature of drought and growing risk it poses to social and economic gains in this region calls not only for immediate relief from the current situation, but also for building long term drought resilience,” said Obiageli Ezekwesili, World Bank Vice President for the Africa Region.&lt;strong&gt;&lt;em&gt; &lt;/em&gt;&lt;/strong&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="152" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="177" style="text-align: justify;"&gt;&lt;span style="color: black;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="203" style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;This World Bank support builds on strong collaboration with national governments, international agencies, regional and non-governmental organizations. This support includes drought impact assessment in collaboration with the Intergovernmental Authority for Development (IGAD) and early livelihood recovery in partnership with the FAO. The World Bank is also supporting countries to develop early warning systems and strengthen drought management agencies that help plan crisis response. &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="187" style="text-align: justify;"&gt;&lt;strong&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="185" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;A Wake-Up Call for Agriculture in a Changing Climate&lt;/span&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="187" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="178" style="text-align: justify;"&gt;&lt;span style="color: black;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&amp;nbsp;&lt;/span&gt;&lt;/span&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="184" style="font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;“This food crisis in Eastern Africa is another startling example of why international partners need to put food first,” said Zoellick. “Agriculture is one-third of GDP and three-quarters of employment in Sub-Saharan Africa. When a crisis like this hits, millions of people suffer. &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="178" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="178" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="184" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;Agriculture is more vulnerable to climate change than any other sector. We need a major international effort to address this challenge now. Climate-smart agriculture, including scaled-up research on drought resistant seeds, and cross-border strategies for drought risk reduction are essential over the medium and long term.” &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="178" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="180" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="186" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="179" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;In the longer term, it is important for countries in the Horn of Africa to prepare for recurring droughts that climate change will make more intense. An integrated approach to food security, poverty, and climate change is needed. The World Bank announced in April 2011 that rising food prices have pushed 44 million people into poverty since June 2010. Another 10 percent rise in the food price index could push 10 million more people into poverty. Global action is critical and international partners could help by supporting small holder farmers with seeds, fertilizer, better weather forecasting, and monitoring crop production; creating better ways to get produce to markets; providing food and effective social safety nets for the most vulnerable.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="186" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_xhr44r="181" style="text-align: justify;"&gt;&lt;span style="color: black; font-family: 'Arial','sans-serif';"&gt;&lt;span closure_uid_xhr44r="194" style="color: black; font-family: &amp;quot;Helvetica Neue&amp;quot;, Arial, Helvetica, sans-serif;"&gt;The World Bank Group is boosting agriculture and agriculture-related investment to US$6 - US$8 billion a year from US$4.1 billion in 2008. The past two years of implementation of the Africa Region’s agricultural strategy achieved more than a doubling of finance to the sector, from about US$0.5 billion per year in 2008 to US$1.2 billion annually averaged over 2009-2010. The World Bank’s Agriculture Action Plan emphasizes increased support in five areas: raising agricultural productivity; linking farmers to markets; reducing risk and vulnerability; improving nonfarm rural employment; and making agriculture more environmentally sustainable, as well as a source of positive environmental services.&lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-6664950302327754401?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/6664950302327754401/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=6664950302327754401' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/6664950302327754401'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/6664950302327754401'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2011/08/world-bank-responds-drought-in-horn-of.html' title='World Bank responds drought in Horn of Africa with US$500 million aid'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-3995764611728449581</id><published>2011-08-01T10:14:00.000+03:00</published><updated>2011-08-01T10:14:03.495+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Latest News'/><title type='text'>Mobikash unveils network-free mobile commerce platform</title><content type='html'>&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;div class="MsoListParagraph" closure_uid_bc4b44="124" style="margin: 3pt 0in 3pt 27pt; text-indent: -0.25in;"&gt;&lt;em&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/em&gt;&lt;strong&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/strong&gt;&lt;/div&gt;&lt;div closure_uid_bc4b44="108"&gt;&lt;span closure_uid_bc4b44="126" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;MobiKash Afrika Limited, a private company incorporated in Kenya,&amp;nbsp;unveiled on Thursday last week&amp;nbsp;the first independent mobile commerce ecosystem in the country. &lt;/span&gt;&lt;/div&gt;&lt;div closure_uid_bc4b44="108"&gt;&lt;span closure_uid_bc4b44="126" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;The platform, which will work across all four GSM networks (Safaricom, Airtel, Orange and Yu) and across all participating banks in Kenya,&amp;nbsp;&lt;span&gt;&amp;nbsp;&lt;/span&gt;will deliver a wide range of services through a growing network of banks and agents.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="129" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="132" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;The MobiKash platform is developed in partnership with Sybase 365, a global leader in mobile commerce and messaging services, with more than 700 mobile operators and an estimated 3 billion subscribers around the world.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="133" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="134" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="131" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;The&amp;nbsp;launch follows a rigorous one year&amp;nbsp;pilot programme&amp;nbsp;in three banks - National Bank of Kenya, Postbank and Transnational Bank -&amp;nbsp;in compliance with the Communications Commission of Kenya (CCK) and Central Bank of Kenya regulatory frameworks. &lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="134" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="136" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;MobiKash’s&amp;nbsp;CEO&lt;span&gt;&amp;nbsp;&lt;/span&gt;Duncan Oduor Otieno said at the launch&amp;nbsp;his company was in talks with players in the financial services sector to bring on board more banks.&lt;span closure_uid_bc4b44="138"&gt;&amp;nbsp; &lt;/span&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="134" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="136" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;span closure_uid_bc4b44="138"&gt;"&lt;/span&gt;We are happy to be at the forefront of delivering a revolutionary product that will significantly grow the financial services landscape, by leveraging technology," he said. &lt;/span&gt;&lt;span closure_uid_bc4b44="137" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;"The potential for this new mobile commerce ecosystem is unlimited, and the one-year pilot phase has given us an opportunity to gauge some of the ripple effects of such a service in this market." &lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="134" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="137" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;He said apart from spurring job creation and stimulating economic growth, MobiKash also presents a unique opportunity for individuals and organisations to transform the way they manage their finances.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="139" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="140" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;For the unbanked, MobiKash will offer a universal bank account through its network of agents, which will allow the potential customers to pick a bank account of their choice.&lt;span&gt;&amp;nbsp; &lt;/span&gt;The Popote Account will be accessible through any MobiKash agent, as well as through any of the partnering banks.&lt;span&gt;&amp;nbsp; &lt;/span&gt;This, according to Mr Otieno, will bridge the gap between the banked and the unbanked population.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="145" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="146" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;MobiKash chairperson Muthoni Kuria said that the MobiKash model also allows bank customers to conveniently withdraw cash directly from their bank accounts at any of the MobiKash agent outlet without&amp;nbsp;revealing their bank account details to the agents. MobiKash thus allows one agent to conveniently and seamlessly serve all the banks in the market. &lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="150" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="151" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;MobiKash customers will have the capability to link up to 15 bank accounts to their mobile wallet. This innovation is the first of its kind in the world, according to the company.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="152" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="153" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="154" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;Central Bank of Kenya Governor Njuguna Ndung'u hailed the new sevice and said MobiKash had fulfilled all the necessary statutory requirements to offer Mobile Money Transfer Mervices and Integrated Mobile Banking and Payment System.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="158" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;Information Minister &lt;/span&gt;&lt;span closure_uid_bc4b44="155" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;Samuel Poghisio said Kenya continues to make good progress in its quest to leverage ICT in delivering tangible benefits across the socio-economic spectrum.&lt;span&gt;&amp;nbsp; &lt;/span&gt;He said: “With our efforts concerted towards achieving Vision 2030, innovative breakthroughs such as these take us many steps closer towards realising the broader ideals across diverse frontiers.”&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="159" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="160" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;He said that the launch of MobiKash would&amp;nbsp;complement initiatives GSM operators that have so far seen about 14.5 million subscribers access mobile-based financial services.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="161" style="margin-bottom: 0pt;"&gt;&lt;span style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="margin-bottom: 0pt;"&gt;&lt;span closure_uid_bc4b44="162" style="font-family: 'Tahoma','sans-serif'; font-size: 12pt; line-height: 115%;"&gt;The company targets to enroll about 300,000 subscribers within the first six months of&amp;nbsp;its operations.&lt;span&gt;&amp;nbsp; &lt;/span&gt;MobiKash subscribers will access the wide range of services to be provided by over3,000 agents &lt;span&gt;&amp;nbsp;&lt;/span&gt;who have already been contracted to be activated after this launch. MobiKash plans to enlist more agents across all the 47 counties in the next six months.&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" closure_uid_bc4b44="164" style="margin-bottom: 0pt;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-3995764611728449581?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/3995764611728449581/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=3995764611728449581' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/3995764611728449581'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/3995764611728449581'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2011/08/mobikash-unveils-network-free-mobile.html' title='Mobikash unveils network-free mobile commerce platform'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-522712161864001603</id><published>2011-07-31T21:27:00.000+03:00</published><updated>2011-07-31T21:27:52.817+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Latest News'/><title type='text'>20 East Africans win Acumen Fund business fellowships</title><content type='html'>&lt;div dir="ltr" style="text-align: left;" trbidi="on"&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;b&gt;&lt;/b&gt;By &lt;span id="sobi2Details_field_contact_person"&gt;Alfred Otieno Ogola&lt;/span&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;The Inaugural Acumen Fund East Africa Fellows programme has been launched featuring 20 of the region’s top business innovators in the field of Social change development.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Drawn from Kenya, Uganda, Tanzania and Rwanda, the fellows will receive high-quality training in leadership and social change development, geared towards building a community of future leaders who will address the needs of their own communities.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;span style="color: black;"&gt;“The aim &lt;/span&gt;for the East African Fellows programme is to harness the power of social innovation in creating solutions to the region’s most pressing problems. Though hundreds of NGOs exist in East Africa, pumping millions of dollars in foreign assistance each year, people are still living in and dying of&amp;nbsp; poverty”, said Jacqueline Novogratz the Founder and Global Chief Executive of Acumen Fund, based in New York. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Novograts explained that real change and development in East Africa, would only come through a radical change in approach to social problems, defined by a bold set of East African business, nonprofit, and government leaders.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Among the fellows is Edward Agaba, senior business advisor leading&lt;b&gt; &lt;/b&gt;the “Consolidating The Gains” project, by TechnoServe Uganda. The project that aims to increase the incomes of smallholder farmers by reducing the transaction costs along the banana value chain has so far reached 26,000 farmers in the districts of Mbarara, Isingiro and Ntungamo in south western Uganda. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Another beneficiary is Julio De Souza, Chief Operating Officer of Nuru Energy of Rwanda. A social enterprise that produces and distributes low-cost rechargeable lanterns, the firm has sold over 12,000 units in East Africa, and aims to sell five million lanterns by 2015.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;The first of its kind in the region, the East Africa Fellows Program that &lt;span style="color: black;"&gt;borrows from the success of the Acumen Fund’s G&lt;/span&gt;lobal Fellows Program, is a partnership with the KCB Foundation that has donated Sh16 million towards the initiative.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;“By supporting initiatives like these we hope to maintain and showcase our leadership in the region as we move towards our ambition to become the preferred financial solutions provider in Africa, with global reach”, said Dr. Martin Oduor-Otieno the KCB Group Chief Executive.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;The prestigious fellowship is a twelve month program aimed at supporting sustainable business with potential for a big social impact.&lt;span style="color: black;"&gt; &lt;/span&gt;Among others, the fellows will receive support in refining and scaling up their own projects through execution skills developed over the course of the year.&amp;nbsp; &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;span style="color: black;"&gt;The class of 2011-2012 will have &lt;/span&gt;access to a network of African and global leaders who are developing innovative solutions to poverty, in addition to continual guidance and mentorship on strategy, innovation and problem solving.&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;The fellows will be taken through five multiday seminars, a regional study trip of social change models in other countries and which shall then culminate in an innovation conference where they will showcase their projects and newly acquired skills. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Also in the inaugural class are Patricia Leila Jumi,&lt;b&gt; &lt;/b&gt;Managing Director of GrowthAfrica Capital in Uganda, which has assisted over 1500 small business owners and entrepreneurs grow their businesses into strong and profitable companies. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Rachel Gichinga is,&lt;b&gt; &lt;/b&gt;Co-Founder of Kuweni Serious, online change makers initiative that targets educated and middle class Kenyans. Joining her is Soiya Gecaga, Founder and Executive Director of “We The Change” Foundation, which seeks to provide early childhood education and care to children in marginalized communities in Kenya. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;Other fellows include Charles Kalama&lt;b&gt; &lt;/b&gt;Founder &amp;amp; Director of EcoPost, an integrated waste management company that utilizes waste plastic as a resource to manufacture aesthetic, durable and environmentally friendly fencing posts. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&amp;nbsp;Also in the 2011-2012 class is Wagikuyu Miring'u&lt;b&gt; &lt;/b&gt;Marketing Coordinator for Kickstart International, which aims to transform Africa from subsistence to commercial agriculture through low-cost capital equipment. &lt;/div&gt;&lt;div class="MsoNormal" style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-522712161864001603?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/522712161864001603/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=522712161864001603' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/522712161864001603'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/522712161864001603'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2011/07/20-east-africans-win-acumen-fund.html' title='20 East Africans win Acumen Fund business fellowships'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-3539944571167764505</id><published>2010-02-25T14:57:00.000+03:00</published><updated>2010-02-25T15:09:03.375+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Personal Development'/><title type='text'>Seven Leadership Habits and Practices</title><content type='html'>&lt;p&gt;&lt;span style="font-size:78%;"&gt;&lt;span style="font-style: italic;"&gt;Article by Ken Valenzuela, Chief Editor, BeALeader.net&lt;/span&gt;&lt;/span&gt;&lt;span class="capital"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="capital"&gt;A&lt;/span&gt;ccording to Klatt and Hiebert (2001) these are the habits and practices that leaders have. I totally agree with them, and even could be adding some more, but take these as a starting point to assess yourself.&lt;br /&gt;&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Exercise Iniative&lt;/strong&gt;. Leaders are proactive, they take full responsibility of their life and don’t go around blaming others. They try to do what they can with what they have, they work in the circle of their influence. They know they can achieve more, if they expand that circle.&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Create the Future&lt;/strong&gt;. Leaders start with the end in mind. They have a clear picture of where they’re moving to, or where they want to be. And that clear image is transfered to their followers, with stories, methaphors, leading by example, and so on… they share that compelling vision of the future with their followers.&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Keep Perspective&lt;/strong&gt;. Leaders know how to stay aligned with the vision. They keep focused on what needs to be done, and has to be done to reach destination. And they help their followers to be focused too. They base their actions on values, not on moods, feelings or trends imposed by others. &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Foster Interdepence&lt;/strong&gt;. Leaders think win-win. They look for agreements and solutions that are mutually benefical to all parties. They look for solutions that “enlarge the pie”.&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Show Empathy&lt;/strong&gt;. Leaders know how to LISTEN. They try to understand first, and then they try to be understood. They practice active listening. They really focus on a conversation and try not to judge the other.&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Value Differences&lt;/strong&gt;. Leaders don’t expect everybody to share their points of view. Instead of that, they really value differences because they see differences as opportunities to new perspectives, ideas and ways to solve problems. They see difference as an ingredient to creativity.&lt;/p&gt;  &lt;p&gt;&lt;strong&gt;Continually Improve&lt;/strong&gt;. Leaders continually seek to become more self-aware, and improve in personal life, as well as professional life. They are constantly renewing the physical, intellectual, emotional, spiritual and social dimensions of their life. That renewal is the source of a refreshing attitude and self moving spirit that help leaders move ahead every day. &lt;/p&gt;  &lt;p&gt;&lt;strong&gt;LEADERSHIP ACTIONS&lt;/strong&gt;&lt;/p&gt;  &lt;p&gt;1. Answer the following questions:&lt;/p&gt;  &lt;p&gt;a) What of these 7 practices/habits do you handle the best or “is almost natural” to you?&lt;/p&gt;  &lt;p&gt;b) What of these 7 practices/habits you completely or almost lack of? &lt;/p&gt;  &lt;p&gt;c) What do you think you can do to improve it? &lt;/p&gt;  &lt;p&gt;2. Now you have answered the questions in point 1, start doing what you think you can to improve. Don’t allow a second to go by without taking action. Leaders act, leaders perform. Remember… don’t wait for someone to come and help you out, seek help, look for answers, act, act, act!!!&lt;/p&gt;  &lt;p&gt;And Be Alert, Be A Leader. &lt;img src="http://www.bealeader.net/wp-includes/images/smilies/icon_smile.gif" alt=":)" class="wp-smiley" /&gt; &lt;/p&gt;  &lt;p&gt;Reference:&lt;/p&gt;  &lt;p&gt;Klatt, B; Hiebert, M. (2001)&lt;br /&gt;&lt;em&gt;The Encyclopedia of Leadership, 1st Ed.&lt;br /&gt;McGraw-Hill.&lt;/em&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-3539944571167764505?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/3539944571167764505/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=3539944571167764505' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/3539944571167764505'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/3539944571167764505'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2010/02/seven-leadership-habits-and-practices.html' title='Seven Leadership Habits and Practices'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-4445945120704729080</id><published>2008-06-08T18:59:00.000+03:00</published><updated>2009-12-21T14:51:14.699+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Information Age Investor'/><title type='text'>The Power of Internet for Savvy Investors-Part 1</title><content type='html'>&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-style: italic;"&gt;"Ordinary people when working together can do extra-ordinary things"&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-style: italic;"&gt;~Senator Barack Obama, US President&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-style: italic;"&gt;&lt;br /&gt;&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Brief Background&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Given that the Internet is a network of computers on a global scale, the world is a click away on your desktop. As a tool for leverage, Internet opens up an avalanche of information as well as potential worldwide networks if well utilised.   &lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;In this first segment of my post I dwell on how Kenyans have so far made use of the emerging technologies as the media converge on the Internet. The political boundaries that separate us are just that-mere boundaries for political administration by sovereign states. &lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Netizens now belong to a new world order, thanks to the Internet, people can now exchange information freely. This has also opened up enormous opportunities that a Savvy Kenyan should grab. You savvy enough read on...&lt;/div&gt;&lt;div style="text-align: justify;"&gt; &lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Kenyan Budget-What is in it for savvy Kenyans?&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;As I was thinking of  Internet as a tool of leverage, this week brought me both joy and sadness following the Budget speech that was delivered by Finance minister Amos Kimunya on Thursday. As usual, Kenyans had their say about the Budget speech including the MPs who may have been asleep during the usually long and winding speech of how the Government of Kenya would be spending our taxes. That aside, Information Technology received a boost as the minister removed taxes-notably VAT and Import Duty on IT related accessories and telecommunication equipment to boost the industry.&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;div style="text-align: justify;"&gt;Now, how is it important to you savvy Kenyan? This means that many Kenyans would be able to invest in IT industry and related services that would promote the use of Internet across Kenya. The Government is also in the process of launching digital villages across Kenya to help boost Internet access by Kenyans. This, if well implemented, would help bridge the digital divide between urban Kenyans and the rural folks.&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Mobile Telephony&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Hitherto, Internet services are mainly confined to Kenya's main towns. However, good news is also emerging from the mobile telephony sector. &lt;/div&gt;&lt;div style="text-align: justify;"&gt;The main mobile technology providers-Safaricom and Celtel including Telkom Kenya have rolled out a host of services that would enable Kenyans to access Internet in their homes and through their Internet enabled mobile phones. With the emergence of 3G technology things can only get better.&lt;/div&gt;&lt;div style="text-align: justify;"&gt;However, I am still not happy that we Kenyans-I mean a true Kenyan-not savvy you and I, have found better use for this emerging technology. Going by the perennial network failures especially on Fridays, mobile phones have acquired a new meaning- a very vital tool for dating and planning for Member's day binge drinking. &lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Binge Drinking&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Talking of drinking, it brings us back to the Budget-Beer lovers were crying foul over increased prices as brewers of Chang'aa, the illicit brew containing mainly the poisonous Methane, from Nyanza province of Kenya were all praises of the minister's move-never mind the brew is banned in Kenya-a local daily reported. They brewers said cash strapped Kenyans would flock back for a tot or so of the lethal but potent drink. I bet, it would still be a win-win for both the East Africa Breweries and the brewers of Chang'aa as long as Kenya holds its pride of a drinking nation. Kenyans love their beer and women!&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Sex allure on the Internet&lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Now back to our topic, as for the Internet, many Kenyans are yet to make good use of this valuable tool. Majority of those making use of Internet at home, cybercafes and mobile phones find sex appeal on the Internet too tempting!&lt;/div&gt;&lt;div style="text-align: justify;"&gt;We dwell on the subject of how we use the Internet for wrong reasons till the end of the world after all its a global phenomenon.&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;&lt;span class="Apple-style-span" style="font-weight: bold;"&gt;Part 2: How to make good use of the Internet &lt;/span&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;    &lt;/div&gt;&lt;div&gt; &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-4445945120704729080?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/4445945120704729080/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=4445945120704729080' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/4445945120704729080'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/4445945120704729080'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2008/06/power-of-internet-for-savvy-investors.html' title='The Power of Internet for Savvy Investors-Part 1'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-2165739323375173610</id><published>2008-05-25T20:17:00.000+03:00</published><updated>2008-06-13T20:03:48.479+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Power of Leverage'/><title type='text'>Harnessing the Power of Leverage</title><content type='html'>&lt;div style="text-align: justify;"&gt;Leverage is a buzz word for all savvy people out there seeking to hit it big. But a few among us use this powerful tool to achieve personal growth, whether in business or career.  In order to understand why some people become rich while others toil the rest of their lives, it is important for you to understand this very potent tool. My favourite author and investor Mr Robert &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_0"&gt;Kiyosaki&lt;/span&gt;, he of the Rich Dad, Poor Dad best seller, offers a lot on this subject. Perhaps to understand why I read &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_1"&gt;Kiyosaki&lt;/span&gt; and listen to his audio books religiously  I would like to share this &lt;a href="http://www.blogger.com/www.richdad.com"&gt;link&lt;/a&gt;.  Therein lies treasures of his experience that made him a savvy investor. In fact, as a savvy investor, I am already implementing his wisdom. Guess what-I am soon "firing" my boss as I become financially free. So, where will you be when Savvy becomes the next big thing? In case, you have any &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_2"&gt;queries&lt;/span&gt; on the resources available to educate yourself on becoming a savvy investor drop me a line or just Meebo me when I am online.&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;Recently when the &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_3"&gt;Safaricom&lt;/span&gt; &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_4"&gt;IPO&lt;/span&gt; was on, many Kenyans turned to one form of leverage to invest-credit. However, &lt;a href="http://www.bdafrica.com/index.php?option=com_content&amp;amp;task=view&amp;amp;id=8043&amp;amp;Itemid=5812"&gt;as some will tell you&lt;/a&gt;, handle credit with care as it is a double edged sword. Its good and bad depending on how you handle it. Given the number of shares allotted to the millions of Kenyans who had to queue for hours on end to invest in what is touted as Kenya's biggest &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_5"&gt;IPO&lt;/span&gt; it' s good to note that credit facilities helped many Kenyans get a piece of Kenya's leading mobile provider. But as it is usual with &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_6"&gt;IPOs&lt;/span&gt; in Kenya the investors are back to their stock brokers queuing once more for refund cheques!&lt;br /&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="text-align: justify;"&gt;I had gone to my local bank to consult on credit matters-nothing to do with the &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_7"&gt;IPO&lt;/span&gt;! I found a lady customer to the bank who had taken a loan for the &lt;span class="blsp-spelling-error" id="SPELLING_ERROR_8"&gt;IPO&lt;/span&gt; making frantic effort to have the refund returned to the bank to offset the loan balance. Definitely many of such investors had no plan B. Again the banks have a new product tailored for Kenyans with excess liquidity from the refunds to "invest" the money into a fixed-deposit account to earn an interest-of course paltry compared to the loan interest! Wondering where I am heading to? Sample this, according to a recent banner headline of a leading newspaper the banks are now recovering their money from those who had defaulted through the usual means-collateral. The reason why this is happening to Kenyans is that majority of us are financially &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_9"&gt;illiterate&lt;/span&gt;. Or put it this way, Kenyans would rather borrow millions of Kenya shillings from a bank and "invest" in get-rich-quick pyramid scheme than pay for financial literacy such as investment seminar, read business articles in newspapers or &lt;span class="blsp-spelling-corrected" id="SPELLING_ERROR_10"&gt;Internet&lt;/span&gt;. Reason? They say such undertakings are expensive! For these &lt;span style="font-style: italic;"&gt;&lt;span class="blsp-spelling-error" id="SPELLING_ERROR_11"&gt;unsavvy&lt;/span&gt; &lt;/span&gt;Kenyans I say-if you think education is expensive, try ignorance! Well educate yourself financially as it is the greatest leverage you will need as a savvy investor. Next-The Power of the Internet as a Leverage for Investors in the Information age. Watch this space.&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-2165739323375173610?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/2165739323375173610/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=2165739323375173610' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/2165739323375173610'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/2165739323375173610'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2008/05/harnessing-power-of-leverage.html' title='Harnessing the Power of Leverage'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-4920926433334935635</id><published>2008-05-18T19:10:00.000+03:00</published><updated>2008-05-18T19:57:23.480+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='MoneyTalk'/><title type='text'>Can 50 Cents Make you Rich?</title><content type='html'>I took a small break after the "Blog warming" a fortnight ago. Had to deal with the mundane issues of bread and butter.&lt;br /&gt;To cut the long story short I had taken a short break...but while I was away, a news item caught my attention. The Central Bank of Kenya (CBK) made rather a peculiar announcement. Sounds familiar? Yes! Mr. Michael Joseph, the Safaricom CEO, once said that Kenyans have peculiar habits! now back to the CBK story, the bank came out fighting in defence of 50 cent coin that seems to be the only coin available in the major Kenyan supermarkets for loose change. But wait a minute! Why defend such a value piece of coin? The problem is that your local kiosk operator has been declining to accept the coin owing to its dismal value. But CBK says the coin is valid and perfectly so, a legal tender.&lt;br /&gt;prior to the news item, I had been thinking what to do with almost a bagful of coins in my wardrobe where I throw them but forget to walk around with as my local street vendor and shopkeeper see no value in them.&lt;br /&gt;I know many Kenyans are in a similar predicament. On average, we have, let us say about Shillings 20 ($.30) of the coins-rejected  by retail traders in Kenya. Supposing only 10 million Kenyans have the coins then that loosely translates to a cool Shillings 10millions (roughly $161,000) gathering dust somewhere in our houses!&lt;br /&gt;I am actually contemplating resigning from my full time job and start a life long hobby of collecting 50 cents from Kenyans who have nowhere to spend them given our busy schedule that leaves us with no time to return them to where they belong-the supermarkets!&lt;br /&gt;Reader, if you read this and you understand that I mean business then send me all your 50 cents...ostensibly for my money recycling (read minting) project ha!&lt;br /&gt;Give me your views on what we could do with the excess 50 cents in circulation that have stuck in our houses. Perhaps we could launch a club-Kenyan Friends of 50 Cents Club-NO RELATIONS with 50 Cents the musician.&lt;br /&gt;Working on first Savvy Kenyan profile. Watch this space.&lt;br /&gt;Have a nice time.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-4920926433334935635?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/4920926433334935635/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=4920926433334935635' title='3 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/4920926433334935635'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/4920926433334935635'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2008/05/can-50-cents-make-you-rich.html' title='Can 50 Cents Make you Rich?'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>3</thr:total></entry><entry><id>tag:blogger.com,1999:blog-6279121341611912180.post-1071428847888356829</id><published>2008-05-11T20:13:00.000+03:00</published><updated>2008-05-13T13:58:41.657+03:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Welcome'/><title type='text'>Welcome</title><content type='html'>&lt;div style="text-align: justify;"&gt;I have spent most of today trying to construct this blog in order to start sharing with you important information about business savvy Kenyans out there who have hit it big. Investing is a game that requires your wits-to think of innovative ideas and turn them into a multi-million venture. It is possible. Many Kenyans started small and today they are big. It is worth learning from their experience.&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;&lt;div style="text-align: justify;"&gt;Briefly &lt;span style="font-style: italic;"&gt;Savvy Kenyan &lt;/span&gt;seeks to debunk the notion that you need money to make money! In my interaction with successful Kenyans-I mean big time investors that you probably know has shown otherwise.  Dream big  and set out to achieve the dreams. However, to dream without taking action will only yield a pipe dream. Be a go-getter or to paraphrase a popular hip hop musician 50 Cents-Get rich now or die trying.&lt;br /&gt;&lt;/div&gt;&lt;br /&gt;&lt;div style="text-align: justify;"&gt;Watch this space!  I intend to roll out stories, with your  help of course, about Kenyans who dared dream  and are now living their dreams. Your ideas, views and comments are highly welcome! Enjoy!&lt;/div&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6279121341611912180-1071428847888356829?l=savvykenyan.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://savvykenyan.blogspot.com/feeds/1071428847888356829/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=6279121341611912180&amp;postID=1071428847888356829' title='2 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/1071428847888356829'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/6279121341611912180/posts/default/1071428847888356829'/><link rel='alternate' type='text/html' href='http://savvykenyan.blogspot.com/2008/05/welcome.html' title='Welcome'/><author><name>Savvy</name><uri>http://www.blogger.com/profile/12021167612186745889</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><thr:total>2</thr:total></entry></feed>
