Kui Kinyanjui

It has been an amazing week for Kenya’s ICT sector.

First, one of our own, Murags (aka John Waibochi) became the proud care-taker of a million dollar enterprise after his company won the top prize in the Nokia’s Growth Economy Venture Challenge.

Contrary to the belief of most, this cash prize was not petty cash to fund Mr Waibochi’s out of town excursions, it is crucial venture funding that Virtual City’s presents to Kenya with the unique opportunity to officially get its software development aspirations off the ground, providing scope to create new revenue earners for the economy.

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Lucas Ajanaku

Intel Corporation and MTN Group have signed a memorandum of understanding (MOU) which will see the companies collaborate to accelerate the deployment and penetration of broadband access in Africa and the Middle East.

The collaboration covers a wide spectrum of initiatives, including areas such as broadband access through WiMax deployment, affordable PC bundles for the ordinary African consumer and entrepreneurs as well as cost-effective internet browsing devices.

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By David Lewis and Alphonso Toweh

President of Liberia, Ellen John Sirleaf

MONROVIA (Reuters) – Mining firms Vale of Brazil and Israeli-owned BSGR are to help Liberia in the West African state’s bid to raise its power production from virtually nothing to 1,000 megawatts, the minister involved said.

Lands, Mines and Energy Minister Eugene Shannon also said Vale had an agreement to ship through Liberia iron ore due to be mined with partner BSGR in neighbouring Guinea, but noted Vale was not in talks over a mining concession in Liberia itself.

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Freetown — London Mining’s extended drilling programme at its flagship Marampa project in northern Sierra Leone has uncovered two structures with an estimated inferred resource of 111 million tonnes grading 33% iron.

Consequently, the company is now targeting a steady-state 9 million tonnes per annum mining operation, with more than a 20 year mine life. The newly discovered Campbell Town ridge and Hospital ridge structures are connected to Marampa’s Masaboin Hill and Ghafal Hill zones. London Mining chief executive, Graeme Hossie, said he was excited by the new discovery, noting that a “higher grade fraction … has the potential to significantly enhance the economics of the project”.

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Charles Wanyoro

Nairobi — Economically viable coal and iron deposits have been discovered in the semi-arid Tharaka-Nithi county.

Energy minister Kiraitu Murungi said his ministry was keen to move in and start exploiting the natural resource to help alleviate poverty among the residents as well as boost the country’s income.

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