The Democratic Republic of Congo (DRC) is the newest member of the East African Community (EAC) increasing the community’s population by 46 per cent from 195 million to 285 million. DRC will be the largest in the EAC bloc after Tanzania which has 947,000 square kilometres. DRC’s admission was approved Wednesday during the 18th- Extra-Ordinary heads of state summit held virtually. The summit was themed “Deepening Integration, Widening Cooperation,” chaired by President Uhuru Kenyatta, received and considered the report of the Council of Ministers on the verification mission on the admission of the DRC to join the East African Community. The…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
Sarrai Group has a strong presence in the sugar industry in Uganda but not in Kenya. The Group’s sugar production includes Kinyara Sugar, Hoima Sugar, and Kiryandongo Sugar, all based in Uganda.
The world celebrates Christmas on 25 December as a religious holiday marking the birth of Jesus Christ, the son of God, for the Christian faithful.
Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall on Monday said it has inked a Ksh 4.5 billion deal that will see it convert part of their loans into equity as part of debt restructuring. The Two Rivers Lifestyle Center, which encompasses Two Rivers Mall and Two Rivers Office Towers, is co-owned on a 50:50 basis by Old Mutual Properties and the Two Rivers Development Ltd where the Nairobi Securities Exchange-listed Centum Investment Company, AVIC and Kenya Development Corporation (KDC) are shareholders. “The financing arrangement will see the replacement of a substantial portion of the existing…
The Central Bank of Kenya (CBK), invites bids for the January bond prospectus that is reopening 5-year, 10-year and 20-year bonds sold in 2020, 2018 and 2021 respectively with 3.4, 7.0 and 19.7 years maturity. The CBK on behalf of the National Treasury seeks to raise Ksh 30 billion for budgetary support. The CBK said that the 20-year paper (FXD1/2021/20) will carry a coupon of 13.444 per cent, the 5-year (FXD1/2020/05) has a coupon of 11.667 per cent and the 10-year (FXD2/2018/10), at 12.502 per cent. “Duly completed bond application forms must be submitted to any branch of the Central…
The International Monetary Fund (IMF) finally approved a disbursement of $28.5 million ( KSh32 billion) to Kenya. The funds are aimed at supporting Kenya’s program to address debt vulnerabilities and response to the Covid-19 pandemic and at enhancing governance. The funds are as a result of the completed second review of the 38-month Extended Fund Facility (EFF) and Extended Credit Facility (ECF) – funded program. The disbursement brings the total support from IMF to Kenya to USD 984.0 million (Ksh 109.8 billion) in 2021. “The Kenyan authorities remain firmly committed to their economic programme in a challenging environment. The programme…