New minimum wage law throws America’s gig industry into chaos, dance clubs scramble to curb sin taxes
For six years, Teddy earned what she considers good money as a self-employed dancer working in California’s strip clubs. Yes, there were slow nights when wages slumped, says Teddy, who asks to use a pseudonym because not everyone in her life knows she is a sex worker. But the slow...
Ukraine invasion: No soft decision as US company Pepsi stops soda production in Russia
PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the US company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. Pepsi’s announcement came after reporters visited dozens of supermarkets, retailers and gyms in Moscow...
Language smooths over rough edges for honest feedback, creates culture businesses thrive on
Words matter, especially in a feedback conversation. Consider the impact of calling sushi “raw, dead fish”, or a colonoscopy…well, never mind. Keep language focused on effectiveness and avoid judgmental words such as good/bad and right/wrong. Even less-charged words such as like/don’t like and agree/disagree should be avoided. You might be...
Election aftershock: Kenya’s economic outlook grim as jittery lenders withhold funds from government
In the streets of Nairobi, it appears to be business as usual as people return to work even after the August 16 announcement by presidential candidate Raila Odinga that he will be moving to court to challenge William Ruto’s win. The macro economy tells a different story, though. Following the...
Zimbabwe launches gold coin to rein in five billion per cent inflation that’s on the sprint
Zimbabwe has launched gold coins to be sold to the public in a bid to tame runaway inflation that has further eroded the country’s unstable currency. The unprecedented move was announced on Monday by the country’s central bank, the Reserve Bank of Zimbabwe, to boost confidence in the local currency....
Eastern Africa countries and Gulf states sign revised Jeddah Agreement to combat piracy in Indian Ocean
Eastern Africa countries, Gulf states and western Asian countries that ae parties to the revised Code of Conduct to fight piracy, robbery and other illicit maritime activities have agreed a raft of new measures to combat new and emerging threats to maritime security. A high-level meeting, held in Dubai between...
‘Everything that is a success today has its foundation in failing’ – bullish investor says of African tech industry
Akintoye Akindele is a man on a mission to build a new Africa and he is not afraid to fail to get there. Changing the continent’s narrative will entail solving old problems while also harnessing the power of new technologies, says Akindele, a serial entrepreneur and investor from Nigeria. Speaking...
Scrappy management: Company culture is main reason successive projects suffer similar problems because we’re too busy to include voice of the costumer
I was recently told by some smarty-pants consultant that “As long as the team makes a logical proposal to the executives, they will support their recommendation.” My retort: “Then why do people smoke?” I mean, it’s not logical to smoke. There’s plenty of data to suggest it’s bad for your...
IT solutions consultancy firm Incentro strikes deal with Israeli giant Monday.com to serve African market
Information technology consultancy firm, Incentro, has announced partnership with Israel’s monday.com to provide services branded as Work Operating System (OS) to the African market. The agreement was signed in the Kenyan capital, Nairobi, on Monday. The Israeli based monday.com has a wide global network of organisations that take advantage of...
Climate change: East African 1,500-kilometre oil pipeline hits the headwinds as 17 financial companies pull out
Climate activists are urging more banks and insurers not to back the controversial $5 billion East African Crude Oil Pipeline that is primed to transport oil from the Hoima oilfields in Uganda to the Tanzanian coastal city of Tanga. Influential climate activists Vanessa Nakate and Hilda Nakabuye have lent their...
