Safaricom Foundation, Kenya’s largest corporate foundation, has opened a call for expressions of interest (EOI) seeking partners to continue making sustainable community investments. “We have recently concluded a process to develop a new strategy for 2023–2026 to make a significant contribution towards Kenya’s sustainable development in health, education, and economic empowerment while deepening engagement with communities,” the foundation said. In light of this, EOI focuses on three areas: One, improving access to and utilisation of reproductive, maternal, neonatal, child, and adolescent health services; and screening and referrals for non-communicable diseases. Two, improving access to quality, equitable, and inclusive skills and…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
Kenya’s purchasing managers’ index (PMI) for private sector activity rose to a 3-month high of 51.6 in December from 50.9 in November 2022. According to the Stanbic Bank Kenya PMI business activity index, output increased for the second month in a row, owing to higher demand, better weather, and softer price pressures. A reading above 50 on the index shows expansion, and below it indicates contraction. Mulalo Madula, an economist at Standard Bank, said the December survey results paint a positive picture for the Kenyan economy, in line with the series average. “It comes as no surprise to see activity…
Year-on-year inflation in Kenya declined to 9.1% in December 2022 from 9.5% recorded the previous month, the statistics office said. The Kenya National Bureau of Statistics attributed the easing to lower food and fuel prices, but the inflation rate remained above the government’s target range of 2.5% – 7.5%. The country’s average inflation rate for 2022 stood at 7.6%, 1.5% points higher than the average inflation rate of 6.1% recorded in 2021, according to Cytonn Investments. The relatively high inflation can be attributed to the increase in prices of major commodity indices, with the food and non-alcoholic index and transport…
The funds will assist Kenya in covering external financing needs resulting from drought and challenging global financing conditions.
Despite Kenya’s steady remittance inflows and the recovery in tourism, the current account deficit increased as surging commodity prices pushed imports to an all-time high.
Centum becomes the second company in the Nairobi Securities Exchange (NSE) to undertake a share repurchase program, after Nation Media Group (NMG).