Grade A office space uptake continued apace in the second half of 2018, although prime rents stagnated at US$1.3 per square foot per month owing to the current oversupply.
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.
The Central Bank of Kenya has published Draft Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019 and invited the public to deliberate on it. “The Finance Act, 2018 amended the Central Bank of Kenya Act (CBK Act) to provide the legal framework for the licensing and regulation of the mortgage refinance business and to bring the operations of Mortgage Refinance Companies (MRCs) within the regulatory and supervisory purview of the Central Bank of Kenya,” said the Central Bank in a statement. According to the CBK, non-deposit taking firms will have to be established under the Companies Act and licensed…
Regional retailer Tuskys supermarket has signed a Memorandum of Understanding with Joram Kamau Leadership Programme and Riara University that will see all its 7000 staff receive training. The move aims to equip staff with knowledge and skills in advancing formal retail management. “At Tuskys, we are delighted to be unveiling this partnership and look forward to equipping our staff in Kenya and Uganda with knowledge and skills to be best in their everyday work. We are committed to advancing formal retail management by nurturing talent at an academic and practical level as part of our contribution to social economic growth…
KenolKobil’s KSh35.6 billion share-sale closes Monday opening of a take over offer to all shareholders by Rubis Energie. Rubis Énergie SAS considered that KenolKobil Plc’s shareholders will find the offer price of Ksh 23 per share very attractive as it represents a 53.4% premium to the volume weighted average price at which KenolKobil Plc shares traded over the 30 trading days preceding the issuance of the notice of intention to take-over by Rubis Énergie SAS in October 2018 and is higher than the prices at which KenolKobil Plc shares have traded since then. The offer opened on 20th December 2018…
Kenya house prices rose marginally by 1.49% in the Fourth Quarter of 2018, reversing the downward trend that prevailed in the preceding three quarters of the year but the slow pace of price growth will continue to prevail. According to the Kenya Bankers Association House Price Index (KBA- HPI), “House prices rose by 1.49% in quarter 4 of 2018 representing a 0.14% quarter-on-quarter rise after it’s growth of 1.35% in the previous quarter.” The modest rise, though a respite of the downward trend in the first half of the year, is a reflection of the general house-price stability and is attributed to the…
Safaricom has appointed Rose Ogega to its Board, following Board of Directors’ meeting on 12 February 2019. Ogega will serve as an independent non-executive director effective 12 February 2019. Nicholas Ng’ang’a, Safaricom Chairman, said “Ms. Ogega brings a wealth of experience spanning over 25 years advising and managing both large, complex and emerging start-up ventures. Her previous boardroom experience and versatility will certainly add value to Safaricom Board, helping take the organisation to the next level of success.” Ogega is currently the Managing Director of Bloom Consultancy, an executive coaching organisation that focuses on leadership development through mentoring and coaching.…