Kenya’s biggest beer festival, Tusker OktobaFest is back. The month-long cultural extravaganza aims to celebrate Kenyan authenticity by bringing to life Kenyan culture through beer, entertainment, food and music. This year’s festival, dubbed ‘A Festival Dekonstructed,’ kicks off on Saturday, 9th October 2021 and will see Kenya Breweries Limited (KBL), through their flagship beer brand, Tusker reach consumers across th country with in-bar experiences taking place in over 70 bars and performances from over 150 music artists. Speaking during the announcement, EABL’s Head of Marketing Beers, Anne-Joy Michira expressed her delight at this opportunity for Tusker to connect with consumers once…
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.
East African Breweries Plc (EABL) plans to raise up to eleven billion (about Ksh 11,000,000,000) through Domestic medium-term notes (MTNs) to meet its funding requirements. This is the first offering with an unsecured 5-year tenor with a fixed rate at 12.25 per cent per annum payable semi-annually in arrears the Group said in a statement. “The proceeds of the issue of the Notes ( after paying all expenses of the issue) will be used by EABL to repay certain borrowings taken in the ordinary course of business, to provide working capital for the Group across East Africa and to refinance…
Kenya’s private sector activity fell in September from August’s 51.1 to 50.4 as rising living costs weighed on consumer spending and new orders, a monthly survey said Tuesday. Data from Stanbic Bank shows the Purchasing Managers’ Index (PMI) noted that the pace of improvement was marginal and the weakest seen in the current five-month sequence of growth. “The improvement in domestic demand was negatively affected by a rise in output prices. Firms hiked output prices to protect their profit margins following a rise in fuel prices during the month,” noted Stanbic Bank Fixed Income and Currency Strategist Kuria Kamau. Data…
The 10th Sustainable Business Report highlights Safaricom’s efforts to achieve its purpose of transforming lives by transparently showing its successes, setbacks, and future focus areas critical to the business and stakeholders.
Users of Facebook Inc., Instagram and WhatsApp platforms were down globally for its users on Monday evening. “Facebook, Instagram, WhatsApp and Messenger are coming back online now,” chief executive Mark Zuckerberg said Monday. “Sorry for the disruption today — I know how much you rely on our services to stay connected with the people you care about.” According to Bloomberg, Zuckerberg’s wealth fell by nearly $7 billion with the stock sliding down to $120.9 billion, below Bill Gates to No. 5 on the Bloomberg Billionaires Index. “He’s lost about $19 billion of wealth since Sept. 13, when he was worth…
Network International, has acquired DPO Group (DPO), an online payments platform in Africa, for $291.3 million. The acquisition of DPO Group will support Network International’s capabilities in Africa across online, mobile and alternative payments. The company is expected to begin operations in new markets both in Africa and beyond in the near future. DPO’s comprehensive, flexible and secure platform allows businesses and merchants to receive international payments in the currency of their choice, accepting debit and credit cards alongside mobile money and other payment methods. The UAE-based payments firm also unveiled a new strategic vision and outlined its ambition to…