Author: David Indeje

The decline in performance is mainly attributed to oversupply and constrained spending power among consumers due to a tough financial environment Kenya’s retail activity has softened in 2019 as investors consider how the tough financial environment might impact their investment outlook, according to  Cytonn Investment’s annual report on the sector. In its latest Kenya Retail Sector Report -2019, based on rental yields, occupancy rates, as well as demand and supply. “In 2019, the sector’s performance in key urban cities softened, recording average rental yields of 7.0%, 1.6% points lower than the 8.6% recorded in 2018,” reads part of the report. The…

Eliud Kipchoge on Saturday broke the two-hour marathon barrier at the Ineos 1:59 challenge in Vienna. Eliud ran 1:59:40 to complete the 42 kilometer distance in the fastest time in history. He becomes the first man to run a marathon under 2 hours. “…It has taken 65 years for a human being to make history in sports… I’m the happiest man to run under 2-hours in order to inspire many people and tell them that No Human is Limited,” said Eliud Kipchoge after crossing the finish line. https://twitter.com/EliudKipchoge/status/1182934782684123136?s=19 According to Eliud, “The hardest time was actually before the start.” A…

Restaurant chain Java House, popular for coffee drinking, is reimagining its branches to appeal to urban consumers.  The Junction, Sarit and Galleria malls, will be the first to have a new Java store look that will bear attractive new design and décor elements, which include Java’s latest interior seating options, new exterior design. https://twitter.com/javahouseafrica/status/1178917714527522816 “We will be reimaging three of our biggest stores in Junction, which is due to open mid-October, Sarit and Galleria all of which will be the first of the new concept Java stores,” said Java Chief Executive, Paul Smith. Java House, which also owns the 360…

Olga Tokarczuk and Peter Handke have won the Nobel Prize for literature. The Swedish Academy announced Polish novelist and activist Olga Tokarczuk and Austrian author Peter Handke winners for the 2018 and 2019 Nobel Prizes for Literature on Thursday. Tokarczuk,  won the 2018 award, and was cited by the committee for her “narrative imagination that with encyclopedic passion represents the crossing of boundaries as a form of life”. In 2018, Tokarczuk,  won the Man Booker International Award for her novel Flights. The Nobel committee’s Anders Olsson said her work, which “centers on migration and cultural transitions”, was “full of wit…

The African Export-Import Bank (Afreximbank) is considering an initial public offering of global depositary receipts would trade on the main market of the London Stock Exchange. According to a statement, the listing is to help finance the expansion, diversification, and development of African trade, particularly intra-African trade. The bank said its total assets amount to USD15.4 billion and it registered a 20% compound annual growth in gross loans between 2015 and the first half of 2019, plus a 12% return on average equity in 2018. For the six months ended June 30, the bank made a USD137.6 million profit. JP…

Eliud Kipchoge Extend His Partnership With Safaricom as He Becomes M-PESA Brand Ambassador Safaricom Plc, on Wednesday, unveiled its new M-pesa, mobile money transfer service, brand identity, it’s first since March 2007 when it was launched in honor of marathon world record holder Eliud Kipchoge. The logo comes with a commitment to improving customers’ everyday experiences with the company for the next 7 days. “We are honored to renew our commitment with Eliud Kipchoge and to support him as he races against time. For every Kenyan, Kipchoge is a reflection of our resilience and determination as he has taken on…