Nokia and the University of Nairobi launch Innovation Labs.

This has to be one of the most exciting developments for Kenya in regards to developing world-class mobile software services and products! Earlier today, Nokia Research Centre Africa (NRC-Africa) and the University of Nairobi’s School of Computing & Informatics (SCI) jointly launched a Research and Sub-contracting Lab as well as a Usability Lab at the Chiromo Campus.

This exciting initiative is the culmination of a strategic partnership between NRC-Africa and SCI which has been facilitated through funding from Nokia to build student capacity at SCI, through the SUCA project. This has also included the training of two SCI staff members in Finland on software sub-contracting management including ICT project management.

The purpose of these two labs is to enable the University of Nairobi to to:

    * Provide training to students, and local software development houses on ICT Project Management, Subcontracting Best Practices
    * Undertake contracted software application and prototype development
    * Undertake Academia research and contracted research
    * Conduct usability testing/evaluation both for in-house developed software and contracted

Written by Moses kemibaro

Technology can curb money laundering - Infrasoft expert.

Kenyan banks have been urged to employ latest technology to fight money laundering.

Speaking ahead of an Anti-money laundering conference scheduled for Thursday in Nairobi, Infrasoft Technologies Limited Managing Director, Hanuman Tripathi said human labour alone cannot detect the many often-veiled suspicious transactions in banks.

Over 70 bank officials in Kenya will participate at the conference to discuss the latest anti-money laundering technologies to employ in curbing the vice as well as share experiences and expertise.

Money laundering is a process in which the origin of funds generated by illegal means such as drug trafficking, gun smuggling, terrorism and corruption is concealed.

“Adoption of global processes, rules, regulations and technology towards Prevention of Money Laundering will integrate Kenya with the global trade faster, will improve Kenya’s rating as a low risk country and will foster more attractive trade and investment opportunities for the country,” he said.

The story at a glance

-The regulation to curb money laundering is as old as late 70s in most developed countries.

-The International Monetary Fund puts the aggregate size of money laundering in the world between $725 billion (Sh56.5 trillion) and $1.8 trillion (Sh140.4 trillion).

-The fraud is effected by passing the proceedings secretly through legitimate business channels by means of bank deposits, investments, or transfers from one place (or person) to another.

-Under the new law, those found guilty of the offence of money laundering will serve a jail term not exceeding seven years, or a fine not exceeding Sh2.5 million, or both.

Written by James Ratemo