The outlook for Nairobi Commercial Office remains negative with continued oversupply and decline in occupancy rates and yields, according to a report by Cytonn Real Estate. “This is attributed to the reduced demand for commercial spaces brought about by the COVID-19 pandemic amid the tough economic environment as some firms downsize due to financial constraints while others embrace the working from home concept,” Cytonn Real Estate says in its Commercial Office Report 2020. According to the report, asking prices and rents have continued to decline as landlords endure giving discounts and concessions to attract and retain clients. Asa result, 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.
Kenya National Treasury has re-opened its 15-year issue and a new 25-year bond seeking to raise Ksh 30 billion from the domestic market for budgetary support. The 15-year bond (FXD2/2019/15) has an estimated 13 years maturity is priced at 12.734 per cent (coupon rate) while the new bond FXD1/2021/25 will be market-determined It is currently trading at a yield of 12.8 per cent in the secondary market, ‘as such, we recommend a bidding range of 12.5 per cent-12.7 per cent” according to Cytonn Investments analysts. “Bonds with similar tenor are currently trading at a yield of 12.8 per cent –…
Toyota Kenya on Thursday launched a new variant of its product, offering customers the perfect choice of space, comfort and options. Named Urban Cruiser, is the youngest SUV in the Toyota family designed for customers looking for comfort, the latest technology and affordability is priced at Ksh 2.7 million inclusive of Value Added Tax. The model line-up includes 1.5 Xi manual, 1.5 Xs manual, 1.5 Xs automatic, 1.5 XR manual, and the 1.5 XR automatic. The Urban Cruiser is available with manual transmission for complete control or an automatic option for a more relaxed ride. The Toyota Urban Cruiser has…
We need to invest in a culture of sustainability for everybody. When you do art, you need to invest long-term.
The Competition Tribunal has ordered Carrefour Supermarket to amend all current supply agreements within 60 days for Buyer Power. The Tribunal wants the retailer to amend requirements in its contracts that require suppliers to pay a listing fee, unfair delisting of suppliers, and rebates to the retailer. At the same time, Carrefour has been ordered to pay Ksh 545,106 to Orchards Limited for the termination of the contract to supply yoghurt. “All current supply agreements of the appellant relating to its Carrefour Hypermarkets in Kenya be amended forthwith within sixty days of service of the order to expunge all offending…
MultiChoice Kenya has donated Personal Protective Equipment (PPE) worth KSh2.3 million to the Ministry of Health. The video entertainment brand said that the donation is meant for people in high-risk areas and those at the frontline in support of the fight against the coronavirus pandemic. “At MultiChoice Kenya, we recognize that co-operation and solidarity are important from each one of us at individual and collective levels alike. We, therefore, come here today, to commit our solemn support towards the COVID-19 pandemic fight in Kenya. Our support today comes in the form of Personal Protective Equipment constituting a total of 12,000…