Author: David Indeje

Sokowatch, a business-to-business (B2B) e-commerce supply chains for informal retailers, has appointed Ms. Angela Nzioki as chief executive officer to lead Kenya’s operations. She will also “Lead our team towards growth, expansion and sustainability,” said Galaty Grace, Talent Acquisition Manager, Sokowatch. She said her appointment was a strategic move towards the company’s leadership growth. Previously Angela served as the Co-Founder and COO of Pluspeople Kenya Limited where she was responsible for the company’s operations which ranged from growth, fundraising, capacity building, and strategic development. “We live on a continent where the majority of people live in an informal setting with…

Social media mogul Jack Dorsey, the Twitter chief executive is coming to Africa in November. “Headed to Africa for all of November! Ethiopia, Ghana, Nigeria, and South Africa,” Jack announced on his Twitter feed. https://twitter.com/jack/status/1180191189590392832 He also said he was going to spend a lot of time with entrepreneurs, including Ethiopia’s ‘Tech Queen’ Betelhem Dessie, Project Manager at iCog, Noel Daniel, who is a cofounder at Africa Tech Next (a global series of panel events on African tech entrepreneurship and market opportunities in the continent’s unfolding digital revolution). He is also a co-founder at Jack will also meet iCog’s chief…

Equity Group Holdings Plc (NSE: EQTY) has announced its commitment to scaling its services to establish a firm footprint across Africa. Equity Group Managing Director and CEO Dr. James Mwangi said the bank is now a ‘mature brand’ on Wednesday when celebrating 35 years of existence. “Our story will be about economic transformation…by the end of this financial year, we shall close with a trillion balance sheet…that is equivalent to 30% of Kenya’s budget and 10% size of Kenya’s economy.” “We are committing ourselves to scale our services across Africa,” he announced. The bank, with operations in  Kenya, Uganda, Rwanda,…

Sulwe is a Dhuluo word meaning “Star.” Kenyan actress Lupita Nyong’o  has said her debut children’s book ‘Sulwe’ arrives October 15. “This book is my dream come true for kids like her today,” says the Oscar award-winning actress in her Instagram post. ‘Sulwe’ aims to serve as a mirror for dark-skinned girls to see characters that look like them and to tackle colourism. Sharing a photo of her 5-year-old self, she said that the book reflects on her feelings when she read books but couldn’t see black characters that looked like her. She wrote:  “This is 5-year-old me. I reflected…

Kenya’s economic growth grew by 5.6% for the second quarter of 2019 which was lower than 6.4% growth registered during the same quarter in 2018, the statistics office said on Monday. This was attributed to slow growth in the agriculture sector, manufacturing, and transportation. “Agriculture’s performance, as well as that of electricity and water supply, were mostly hampered by a delay in the onset of the long rains,” the Kenya National Bureau of Statistics said in a report. “Transportation industry was negatively impacted by a rise in prices of fuel.” Accommodation and food services; information and communication; wholesale and retail…

Kenya’s overall inflation rate fell to 3.83 percent in September, down from 5.00 percent in August, due to lower foodstuff prices, the statistics bureau said on Monday. The Kenya National Bureau of Statistics (KNBS)  attributed the decrease in the headline rate to a drop-in price of food, soft drinks and electricity. “For instance, in September 2019 prices of carrots, cabbages and tomatoes decreased by 9.80, 6.32 and 4.14 percent, respectively,” KNBS says. “Towards the end of the year, we expect inflation to hold below 5.00% anchored by subdued food prices and favourable base effects. Moreover, muted demand-side pressures should sustain…