BOC Kenya has delayed its takeover by Carbacid Investments by not serving its shareholders with the offer documents. Through a public notice on Friday, BOC informed its shareholders that it would not circulate the documents as planned pending the resolution of undefined issues. “This is to allow for consultations pertaining to certain issues that have risen related to the proposed transaction and which impacts the takeover documents,” BOC’s board stated. https://twitter.com/tradingroomke/status/1357551816712589313?s=20 BOC received approval from the Capital Markets Authority (CMA) to extend the time granted to serve its shareholders with the offer documents on 5th February 2021. The initial date…
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.
Today’s workforce is mobile and connected thanks to companies to embracing digitization in more ways than ever because of how the Covid-19 pandemic became a catalyst to the changes. With digital transformation, customers or clients do not have the courtesy of time to wait. As a result, running a business requires substantial project management skills to keep track of all the moving pieces across any number of business projects. According to ProjexiQ Konsult, a globally competitive full-service IT Project Management firm that manages the process of project execution be it system implementation, strategy planning & development, process improvement. Project Management…
Kenya has announced an ambitious mass distribution of Huduma Namba cards. The Ministry of Interior and Coordination of National Government in the Office of the President on Thursday said he distribution has begun in Nairobi. “The first batch has been dispatched to Huduma Kenya Centres across the Nairobi Metropolitan Area and its 17 sub-county offices, and you can conveniently collect yours if you receive an SMS notification on the same,” the Ministry said. Last month, the ministry said mass printing of the cards was ongoing. Kenya’s National Integrated Identity Management System (NIIMS), popularly known as Huduma Namba, is expected to…
Trial Chamber IX of the International Criminal Court on Thursday convicted ex-Ugandan rebel commander Dominic Ongwen of war crimes and crimes against humanity. A former Ugandan child soldier, Ongwen was found guilty of 61 charges over a reign of terror in the early 2000s, including the first conviction by the ICC for the crime of forced pregnancy. https://twitter.com/IntlCrimCourt/status/1357280306143891456?s=20 “His guilt has been established beyond any reasonable doubt,” Presiding Judge Bertram Schmitt said, naming the victims and describing the crimes. “This case is about crimes committed by Dominic Ongwen as a fully responsible adult as a commander of the LRA in…
Regardless of where work is conducted, it is important to ensure that all workers are privy to certain rights and protections,” according to ILO’s Convention and its accompanying Home Work Recommendation, 1996 (No. 184)
The highest reading for three months. Kenya’s service sector activity continued to expand in January on the back of new work even as employment declined further and exports contracted, a private survey showed Wednesday. The monthly Purchasing Managers’ Index (PMI) by Stanbic Bank, the sector grew 53.2 during the month under review, up from 51.4 in December. A reading above 50 on the index shows expansion and below it indicates contraction. The index pointed to a solid improvement in the health of the private sector economy and the seventh consecutive month of growth since the COVID-19 outbreak. Kuria Kamau, fixed…