Business

Chinese e-commerce mogul Jack Ma : Africa’s challenging situation should be a source of innovation

Chinese e-commerce mogul Jack Ma : Africa’s challenging situation should be a source of innovation

Business
To many, he embodies the idea of success. Jack Ma, a Chinese billionaire, jetted into Nairobi Wednesday evening, started a packed two-day visit that peaked with a public appearance at the University of Nairobi and a speech to Kenyan youth tips on how to build successful business empires. Throughout his many public lectures that are available online, Jack Ma has emphasized a philosophy of personal change and humility, empowerment of women in public lives, and investing more in youth. Jack Ma said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces. "If the Government does not have a solution to...
Chinese tycoon Jack Ma set for two-day Kenya visit next week

Chinese tycoon Jack Ma set for two-day Kenya visit next week

Business
The founder and executive chairman of Chinese e-commerce behemoth Alibaba, Jack Ma is set to visit Kenya in his capacity as UNCTAD special adviser on youth entrepreneurship. This will be his first trip to Africa. Jack Ma is the second richest person in China with a net worth of $28 billion according to Forbes. He is currently the executive chairman of Alibaba Group, a holding company that owns popular eCommerce websites like Alibaba.com, Taobao, TMall and popular mobile web browser UCWeb. UNCTAD Secretary, General Mukhisa Kituyi and Mr Ma will make presentations to 500 young business leaders at the University of Nairobi. In his 3 day trip to Africa running from July 19 – 21st, Jack Ma will also visit Rwanda where he is the keynote speaker at Youth Connect Summit, also organized by
LG Electronics  Kenya Launches an Online Shopping Platform

LG Electronics Kenya Launches an Online Shopping Platform

Business, Internet
The e-Commerce sector in Kenya is developing at a high rate to keep pace with the ever changing technology. On this note, LG Electronics is now tapping into the online space with the launch of an independent e-commerce channel in an effort to increasing the company’s footprint in the country. According to LG, opening the online platform the company is increasing its products’ availability beyond the physical stores. "We are thrilled to launch online shopping in Kenya,” says Janghoon Chung, Managing Director East and Central Africa. “This significant milestone fully rounds out LG’s multichannel offering. Along with seven retail stores and products available in major supermarkets, our customers in Kenya will now have twenty-four-hour access to the best of our innovative, genuine and qualit
70% of consumers doubt companies protect their personal data

70% of consumers doubt companies protect their personal data

Business, Cyber Security, Governance
Consumers firmly put responsibility for protecting their personal data firmly at the hands of the organizations holding their data – and not themselves. According to Gallup, When it comes to keeping their personal information secure, consumers have much more trust in certain businesses than they do others. About nine in 10 consumers (91%) have a some trust in their primary bank in keeping their personal data safe. Trust in bricks-and-mortar retailers (69%), health insurance companies (68%) and credit card companies (66%) lag behind banks considerably, as does trust in email providers and cellphone platforms (63%). However, according to Gemalto report, the world leader in digital security, today , 70% of the responsibility for protecting and securing customer data lies with compani
Facebook becomes the bridge to the mobile economy for small business in Kenya.

Facebook becomes the bridge to the mobile economy for small business in Kenya.

Business, social media
Facebook is supporting Kenyan businesses that want to grow internationally by providing them with powerful new tools and resources that enable them to connect with people in new countries. These new solutions help small businesses become large and local businesses become global. Currently more than 50 million small businesses use Facebook's free Pages product to grow," the release revealed and added that, "The social media platform is the bridge to the new mobile economy for small business, helping them communicate with customers anytime, anywhere. More than one billion people on Facebook are connected to at least one business.  And, in the U.S., over 80% of people of Facebook are connected to a small business. The TechMoran reports that Businesses can now use a new feature in