Author: David Indeje

Tunu ‘negotiates’ discounts on behalf of consumers on household goods and services of all kinds. The capacity for innovation among Kenyans is at an all-time high. While there are many challenges facing innovators and creators, there are those who still rise above and find profitability and purpose in society. Tunu is one such business that has weathered the Covid-19 wave.  Covid-19 pandemic saw many small Kenyan businesses shut down in 2020. Tunu is an experiential marketing platform that connects consumers with discounts from brands and businesses. Tunu also empowers retailers and brands to reach their customers anywhere, anytime, at significantly…

BOC Kenya, a leading supplier of industrial, medical, and special gases has received approval from the Capital Markets Authority to issue the Takeover offer document and the offeree Circular to shareholders on 5th February 2021. The initial date was Feb. 25, 2021. “The extension of time is to ensure that the Independent Adviser has sufficient time to undertake the valuation of BOC and prepare and render the Fairness Opinion,” DLA Piper Africa, IKM Advocates, Legal Adviser to BOC said in an advisory to shareholders. The Legal Adviser said it will also give the Board adequate time to consider the Fairness…

Measures tightened in response to concerns on new variants of the virus Kenya Airways will suspend all flights France – Charles de Gaulle Airport and the Netherlands – Schiphol Airport, the airline said late on Friday due to the coronavirus outbreak. The flights will be suspended through the month of February 2021.  “The temporary suspension is due to the new COVID-19 regulations in Europe that have resulted in depressed demand,” KQ said in an emailed statement to Khusoko.  France is experiencing Europe’s worst outbreak of infectious disease. France has reported over 71,000 coronavirus-related deaths since the pandemic began. It is…

Kestrel Capital to operate as a Stockbroker Kestrel Capital will no longer operate as an independent Investment Bank in Kenya says the Capital Markets Authority (CMA).  Through a Gazette Notice No. 500, CMA the Authority has accepted Kestrel’s request for revocation of their Investment Bank license.  “However, the licensee shall continue operating as a Stockbroker as licensed by the Capital Markets Authority,” Wyckliffe Shamiah, CMA Chief Executive says.  Consequently,  members of the public have been advised to raise any unresolved and outstanding issues (if any) with the companies and also notify the Authority on the same, within forty-five (45) days.…

The Covid-19 pandemic had wiped out 1.7 million jobs in Kenya the first three months since the first case was announced in 2020 according to the Kenya National Bureau of Statistics (KNBS). A survey by the Kenya Private Sector Alliance (KEPSA) conducted between September and October found out that at least 3.1 million workers in the sector lost their jobs. On the other hand, the Federation of Kenya Employers (FKE) corroborated KNBS data indicating that the jobs lost were from 604 firms. KNBS data found out that about 15,547 workers of aged between 55 and 59 years lost jobs in…

Loon launched a pilot project in Kenya in 2020+ In 2019, Loon raised $125 million in a funding round led by SoftBank Group Corp. Loon to cease operations in Kenya on 1st March Google parent Alphabet Inc is shutting down its nine-year-old internet balloon business, Loon, claiming it was not commercially viable. “While we’ve found a number of willing partners along the way, we haven’t found a way to get the costs low enough to build a long-term, sustainable business,” Loon Chief Executive Alastair Westgarth said in a blog post. “We talk a lot about connecting the next billion users, but the…