In 2012, Woolworths, the property owner, sued Nakumatt after Concord Insurance, with whom they had insured the building against fire, declined to pay for the damage.
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 has signed six trade agreements with China with a commitment to deepen bilateral relations and cooperation. “The six trade agreements signed on Thursday between Kenya and China will improve trade and deepen relations and collaboration between our two countries. Kenya seeks to increase agricultural exports to China to address the trade imbalance between the two countries,” Kenya’s Foreign Affairs Cabinet Secretary Raychelle Omamo said. “The establishment of a working group to look into the issues of tariff and Non-Trade Barriers will see the two countries increase intra-trade.” She spoke during a bilateral meeting with China’s Foreign Minister Wang Yi…
mPharma, a technology-driven health care company has raised $35 million to build a chain of community pharmacies across Africa. Co-founder and CEO Gregory Rockson said the funding will be used to construct the startup’s data infrastructure, triple its staff by 2025 and support expansion. “We are hiring over 100 engineers to build all our technology in-house and this includes a massive data infrastructure we are creating,” Rockson said. “We are also investing in other skilled talents like doctors and nurses, professionals that are critical in the work we do.” Bloom, the company’s pharmacy management software, will allow mPharma to create…
Kakuzi Plc is a dually listed company trading on both the Nairobi and the London Stock Exchange.
Companies in Kenya are less optimistic that the country’s economic growth will gain traction in 2022, according to the latest PMI data besides witnessing an expansion to a 14-month high in December. The Stanbic Bank Kenya Purchasing Managers Index-PMI says the pace of growth was the strongest seen since October 2020 on improving customer demand and better cash flow as economic conditions recovered further from pandemic measures. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.…
BlackBerry Limited will stop running support for its devices from Jan 4, 2021. In a statement, it said, devices running BlackBerry software – classic devices running BlackBerry 10, 7.1 OS and earlier models – “will no longer reliably function, including for data, phone calls, SMS and 9-1-1 functionality.” “As a reminder, the legacy services for BlackBerry 7.1 OS and earlier, BlackBerry 10 software, BlackBerry PlayBook OS 2.1 and earlier versions, will no longer be available after January 4, 2022,” it said in an updated statement on Dec 22, 2021. In 2016, BlackBerry said it would no longer manufacture BlackBerry devices. In…