Author: David Indeje

Sulwe has skin the color of midnight. She is darker than everyone in her family. She is darker than anyone in her school. Sulwe just wants to be beautiful and bright, like her mother and sister. Then a magical journey in the night sky opens her eyes and changes everything. Kenyan actress Lupita Nyongo has revealed the cover for her debut children’s book Sulwe. A powerful, moving picture book about colorism, self-esteem, and learning that true beauty comes from within. In a post on her Instagram feed on April 1st 2019, Lupita shared the illustration cover of Sulwe that depicts…

French retailer Carrefour plans to grow the number of branches to 9 from 7 in 2019 aiming to deliver quality, value and customer services through a family of conveniently located stores across Nairobi. The expansion is the latest move by Carrefour, whose local franchise is held by Dubai-based conglomerate Majid Al Futtaim to get hold of a growing share of Kenya’s consumer spending. According to Fitch Solutions, an industry-leading provider of credit, debt market, and macro intelligence solutions, and the primary distributor of Fitch Ratings content, “Consumer spending in Kenya is projected to tick up by 5.8% y-o-y in 2019,…

Kapchorua Tea Company Limited is considering reducing its operating costs which if not  ‘will be unsustainable’ following the profit warning for the financial year ending 31 March 2019. The Kenya-based listed company that trades at the Nairobi Securities Exchange says its earnings could be at least 25% lower than those of the financial year ended 31 March 2019  on high operating expenses. “The anticipated decline in full year’s profit is attributed in part to uneven and unpredictable weather patterns but more so to the inability to control the aggressive and rising labour costs and the lower prices fetched during the…

Kenya’s central bank’s Monetary Policy Committee (MPC) held its key interest rate steady at 9.00 on Wednesday. “The MPC concluded that the current policy stance remains appropriate, and will continue to monitor any perverse response to its previous decisions.” The decision met the expectations of a majority of analysts who had expected the regulator to maintain the benchmark rate citing a stable macroeconomic environment. The MPC further noted that “Inflation expectations remained well anchored within the target range, and that the economy was operating close to its potential” against a backdrop of domestic macroeconomic stability, sustained optimism on the economic…

Kenya needs to enhance its capacity in legal, institutional, and capacity in addressing challenges within the cybersecurity space. There is an urgent need to understand the rate at which the business is introducing new technologies and work out strategies for evolving its controls and processes at the same pace to accommodate that change. These are some of the critical areas that emerged during a roundtable discussion hosted by the Kenya ICT Action Network in partnership with Global Partners Digital with the support of the United Kingdom that focused on the ways to increase local stakeholder awareness of cybersecurity issues and…

Safaricom Plc, Kenya’s biggest mobile operator, expects its next chief executive to have strategic power mergers & acquisitions (M&A) skills and a deep understanding of the financial services sector. To offer the telco opportunities to expand and solidify their businesses in the new economy. According to The Africa Report in an exclusive interview with the telco’s outgoing chief executive Bob Collymore,  says “I have never been a good mergers and acquisitions person, but we will need someone who can spot a deal and grab it. [We need] someone who understands the financial sector a lot more, if we are to…