Liberty Holdings, a leading South African financial services company, has increased its stake in its Kenyan subsidiary by acquiring an additional 84,235,930 shares through private transfer. In the transaction, it acquired 49.5 million ordinary shares (9.248 per cent) of the listed insurer from KFAMF Sellers and 34.7 million ordinary shares (6.476 per cent) from Coronation Sellers. “Consequently, following the completion of the acquisitions, Liberty Holdings now holds 73.467 per cent of the issued share capital of Liberty Kenya,” the Board of Directors said in a statement Tuesday. Liberty Holdings entered into a sale of shares agreement with KFAMF Sellers and…
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.
The Kenyan shilling strengthened against the dollar week ending September 10 due to a slowdown in demand for hard currency. It closed the week at Kshs 109.9, from Kshs 110.0 recorded the previous week a 0.1 per cent gain. “The Kenya Shilling remained stable against major international and regional currencies during the week ending September 9,” the Central Bank said. However, on a Year to Date (YTD) basis, the shilling has depreciated by 0.6 per cent against the dollar, in comparison to the 7.7 per cent depreciation recorded in 2020. forex reserves up 8.4% In the week, foreign exchange reserves…
With the theme “Internet United,” the Kenya ICT Action Network (KICTAnet) will host a one-day session, beginning September 23, to discuss public policy issues related to the Internet. The Kenya Internet Governance Forum (KIGF) is an annual meeting that brings together various stakeholder groups to dialogue on ICT and Internet policy was first held in 2008. https://twitter.com/KICTANet/status/1435855214121213952?s=20 This mode of engagement is referred to as the multi-stakeholder model of Internet Governance, which has been the key feature for the Internet’s success. The multi-stakeholder concept is well adopted by IGF (Internet Governance Forum) under the UN and by the Internet Corporation…
Kenya’s budget airline Jambojet commenced its twice-weekly flights’ service to the eastern Democratic Republic of the Congo city of Goma on Friday. The airline will fly into Goma, the capital of North Kivu province, twice a week from its Nairobi hub, before increasing to 4 frequencies weekly, flying on Monday, Wednesday, Friday and Sunday. https://twitter.com/FlyJambojet/status/1436293112268218370?s=20 “There is a growing demand for air transport across the continent, with the International Air Transport Association projecting that Africa will become one of the fastest-growing aviation regions within the next 20 years, with an average annual expansion rate of almost 5 per cent,” said…
*106# USSD code is different from the 707 service, which alerts the Safaricom customer when someone tries registering a new SIM card with their ID number.
The growth in Kenya’s real Gross Domestic Product (GDP) in 2020 contracted to -3 per cent as compared to the growth rate of 5.0 per cent in 2019 the statistics body said Thursday. “The economy was supported by accelerated growth in agricultural production, construction and health services,” the Kenya National Bureau of Statistics (KNBS) said in its 2021 Economic Survey Report. “In 2021 there are two main factors that affected the production of the report… Covid-19 and late submission of data at some stages. Revision of national accounts was the second reason for the late release,” said Treasury CS Ukur…