Author: David Indeje

The new Simchorwa borehole will benefit approximately 3,000 people from the county Over 3000 residents living in Lemotit region, Kipkelion West Constituency have been connected to clean water.  This follows the commissioning of the Simchorwa water project, which was constructed by the James Finlay Kenya as part of its sustainability agenda. Present during the commissioning and handover was  Mr Charles Keter, Cabinet Secretary  Ministry of Energy and representatives from Kericho County Government and the community commissioned. The water project will offer 16 cubic litres daily supply of water.  James Finlay Kenya is part of the Swire Group, a highly-diversified global…

Kenya’s Monetary Policy Committee (MPC) is unlikely to change the Central Bank Rate (CBR) in its first bi-monthly policy review on Wednesday, 27th January 2021. According to Kenyan market analysts, they expect a status quo on both rates and policy stance, now set at ‘accommodative’. In its last meeting held on 26th November 2020, the MPC maintained the CBR at 7% citing that the accommodative policy stance adopted in March had the intended effects on the economy. “The current macro and business environment fundamentals might constrain the transmission of further accommodative cuts, despite the need to stimulate economic growth. Therefore,…

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.…