Author: David Indeje

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…

Radisson Blu Hotel and Residence by the Radisson Hotel Group will be opening its doors at the Nairobi Arboretum area as part of its expansion plans. “The hotel’s 122 rooms and suites offer the perfect base to explore Nairobi Arboretum, a sprawling forest reserve that is home to over 300 exotic tree species and over 100 bird species,” reads the hotel’s website. The Group plans to an additional three new brands in Kenya, namely Red Radisson, Radisson, and Radisson Collection.  “There is opportunity along the Coast. Mombasa from regional and domestic meetings and conferencing products. Conversion of an existing property…

John Wroe’s 1930 Ford Model A has won the 2019 CBA Concours d’Elegance following brilliant displays at the Nairobi Racecourse. John tied with his daughter Veronica Wroe (below) on 275 points. Veronica, who won the event last year in a 1934 Rolls Royce Boatail, presented the best boot and tied 59-59 with his dad on engine points. Sati Gata-Aura’s 1947 MG TG settled for the third spot with a point adrift. His 1977 Nissan 160J which displayed the event’s best underside finished fourth overall. Kevit Desai with a 1968 Jaguar 420 clung onto the same position (5th) as last year…