Author: David Indeje

Safaricom has lined up a bundle of goodies for its over 35.6 million customers as it celebrates 20 years of transforming lives. The telco was launched on 23rd October 2000 and in its third decade of growth, it has renewed Its commitment to Transform Lives and keep Kenyans connected. “In the past two decades, Safaricom has grown from a telecommunication service provider to a technology company and our customers have been a key part of this journey. We are cognizant that technology and a data-driven economy can further support Kenya’s economic growth and these will be our launchpad for the…

Kenya’s biggest telecom operator Safaricom has recommitted its brand promise to its customers ushering in its third decade of growth. The next phase of Safaricom’s growth will be driven by a vision to become a purpose-led technology company by 2025. This will see the service provider continue its innovation tradition and simplify its products and services in line with its FOR YOU brand promise. Through a brand campaign dubbed ‘Twende Tukiuke’, a callout to go beyond what is thought possible, the service provider will also showcase the power of mobile technology in transforming lives. “Safaricom has grown from a telecommunication…

Kenya’s foreign exchange reserves likely fell $8.2 billion from the peaks as the central bank intervened to reduce the slide of the currency. Kenya’s reserves fell from its peak of $8.8 billion in mid-September to $ 8.2 billion during the week ended 22 October, the latest data released by the Central Bank said. Consequently, the import cover has been declined from 5.36 months as at September 17, 2020, to 4.99 months on October 22, 2020. “This meets the CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5…

Sentiments in the Kenyan real estate market are turning optimistic according to Vaal Real Estate, a local realtor. Prit Shah, Sales Manager at Vaal Real Estate described the market as ‘positive’. “Kenya is one of the most stable markets in the region both politically and economically. We are not depending on any natural resources we depend on business alone.” He adds that the market has not been hit as hard by the Covid-19 pandemic compared to other countries have.  “By the middle of next year,  We see when two of our projects lift off, there will be a high rise…

As part of its commitment to changing the real estate market by understanding and satisfying the needs of potential and future homeowners, VAAL Real Estate has completed its apartment project in Kileleshwa, Nairobi. The development comprises of one, two, and three-bedroom apartments dubbed ‘Moon Valley’. Located in Kileleshwa along Mandera Road, the Moon Valley Dubai style Apartments are sophisticated and luxurious inspired by the glorious sand-castle designs in Dubai. The property seats on 0.8 acres comprising of 3 blocks, Block A with 28 units, B 56 units, and C 84 Units totalling 168 units. It has taken four years…

Diaspora remittances inflows into Kenyaremains as strong as ever despite the global downturn caused by the Covid-19 pandemic says the Central Bank. Data from the Central Bank indicates that remittance inflows remained strong in September amounting to USD 260.7 million compared to USD 214.7 million in September 2019, an increase of 21.4 percent. The cumulative inflows in the 12 months to September totalled USD 2,967 million compared to USD 2,786 million in the 12 months to September 2019.  The US remains the largest source of remittance flows to Kenya recording a growth of 25.2 percent in the year to September.…