It is a race against time for Uchumi Supermarkets as it plans a slew of measures to clear its KSh 3.6 billion debt owed to suppliers, in line with the Company Voluntary Agreement (CVA). The retailer now requires all suppliers to register their debt, accrued before March 2 this year. “The CVA which was approved by the High Court directs that we verify all old debts through a transparent and sustainable process and we are asking all suppliers to register their debts within the next three weeks,” says Uchumi Supermarkets CEO Mohamed Mohamed. In July, Justice Mary Kasango of 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.
Schools in Kenya are scheduled to gradually reopen on Monday (Oct. 12) for Grade 4, Class 8 and Form Four learners after remaining shut for nearly seven months following their closure due to the Covid-19 pandemic. Officials of the Ministry of education said all arrangements had been put in place for the students to attend schools after the institutions remained shut for months since March. “The Ministry of Education notifies the public that the progressive re-opening of schools will commence with Grade 4 (Competency-Based Curriculum Class), Class 8 and Form 4 on Monday 12, Oct. 2020.” The Ministry indicated…
Equity Group has entered into a loan agreement with French development institution Proparco of KSh10.8 billion for lending to small and medium-sized enterprises (SMEs). The project is expected to support 240 MSMEs and create more than 15,000 direct and indirect jobs. The agreement was signed in Paris on the sidelines of President Uhuru Kenyatta’s high-level trade delegation to France by Dr. James Mwangi and witnessed by Agence Française de Développement Group’s (AFD) CEO, Remy Rioux. This is Equity’s second edition of its partnership with Proparco of the current KSh2.4 billion ($22.8 million) loan granted in 2019 as part of broader…
The Kenya Revenue Authority (KRA) unveiled a mobile application as part of its efforts to simplify and enable taxpayers to conveniently access tax services. During the launch of 2020 Taxpayers Month held on 5th October 2020, KRA officially unveiled the mobile application branded KRA M-Service App. The App will enhance taxpayers’ compliance by simplifying access to services such as PIN registration and verification, filing of returns, and payment of tax. This is part of KRA’s tax compliance strategy to ensure that all eligible taxpayers pay their taxes. “The Application will enable taxpayers to access KRA services on the go, subsequently…
In 2018, KQ marked a milestone by becoming the first airline in East Africa to offer direct, non-stop flights from Jomo Kenyatta International Airport, Nairobi, to John F. Kennedy International Airport, New York.
Buoyed by accelerated increases in new orders and production, Kenya’s private sector in September grew the fastest rate since April 2018. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) jumped to 56.3 in September, from 53.0 in August, its highest level since April 2018. Any reading above 50 indicates growth. The index rose from 53.0 in August and marked the third successive expansion since the downturn caused by the COVID-19 outbreak. “With the government easing lockdown restrictions during the third quarter of the year, firms saw a release of pent-up demand as clients largely returned to markets,” the survey…