Find all the trending stories on the Fuzu News Centre
Fuzu News Centre: week of 17th June
You know how we catch up every Friday! We give you updates on all the business stories that happened during the week to keep you informed. Be sure to find all the trending stories on the ‘Fuzu News Centre’. Here is your week in rewind.
Public Service Commission introduces contract hiring. A productive move
Starting July 1st, the Public Service Commission (PSC) - the statutory body that employs civil servants, will start hiring civil servants on contract. This radical policy shift that will see new hires put on a three-year contract seeks to reform service delivery in the public sector through performance contracting and reduce the wage bill as the PSC plans to phase out the permanent and pensionable terms of employment.
"This will ensure that people are retained in the public service based on their performance," said PSC chairman Stephen Kirogo while speaking at the launch of the Salaries and Remuneration Commission's Public Sector Wage Bill study.
Facebook to launch new digital currency next year
Courtesy of Facebook
Earlier this week, social media giant – Facebook, announced its plans to launch a global cryptocurrency named Libra. This seeks to offer digital wallets to users and aims to reach the 1.7 billion people in the world who can’t access traditional banking systems according to Libra’s white paper (https://libra.org/en-US/white-paper/#introduction). Libra, which is likely to bring stiff competition to Bitcoin, is will enable users on Facebook owned apps i.e. Messenger and WhatsApp transact with anyone across borders at a fee that’s much lower than the current international money transfer rates.
While Facebook’s move to join the financial services has raised privacy concerns as a result of its recent scandals, it has received support from household names such as Uber, PayPal, Mastercard, and Spotify.
Isuzu Boosts Local Assembly Lines at A Billion
The leading Local, East and Central Africa Vehicle assemblers, Isuzu, has launched a project geared towards increasing their capacity to assemble a wide range of vehicle to meet customer needs.The assembly will be using modern technology, for example, Electro-Deposition Paint-shop for high quality and longer paint coat and also Dynamic Test Centre to facilitate high-quality speed and break test.
“We aim to create jobs by expanding the manufacturing sector and I believe by being competitive we can make products that are of world-class standards here in Kenya and I can see Isuzu is heading in that direction,” said CS Trade and Industrialization Peter Munya during the launching ceremony.
Bolt is to launch in Thika, Kakamega, and Kisumu
Bolt (previously known as ‘Taxify’) will be launching its operations to three more towns in Kenya i.e. Kakamega, Kisumu and Thika as they increase their footing across the country.
“Launching in these areas will allow us to provide a safe and affordable avenue for passengers to get a ride,” said Ola Akinnusi Bolt’s Country Manager.
This is in line with Bolt’s mission to make urban transportation more convenient and affordable for more it’s users while providing a platform for job creation through its social contribution.
Carrefour to take over Ailing Nakumatt Stores in Uganda. In a quest to expand its operations, Carrefour has set its footprint in Uganda ready to clobber ailing Nakumatt Supermarkets. Nakumatt has been on the verge of balancing their operation costs of rent and suppliers. Back last year, Carrefour took over the previously owned Nakumatt space at Junction Mall in Kenya increasing their operations in the region.