The retail sector in Kenya recovered strongly in 2018 after a slump in 2017, as foreign retailers increased their investments in expansion plans taking advantage of the woes affecting the local players. This has been attributed to Kenya’s rising middle class which has seen the development and modernisation of its retail sector and a financially attractive business environment. Kenya’s retail sector in 2018 was bullish as notable local and international retailers breathed new life into what was seen as a declining sector. This was mainly attributed to a conducive macroeconomic environment. “In 2018, the retail sector’s performance recovered from the…
Author: David Indeje
David Indeje
David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.
Suzie started her career in 2001 in New York within the fashion and beauty industries before returning to Kenya in 2007.
BOC Kenya has named Ruben Chetty as Non-Executive Director, replacing Andy Gouws who has resigned following his retirement. Chetty currently holds the position of Commercial and Business Development Manager for African Oxygen Limited (Afrox) Emerging Division. He joined Afrox in 2007 and has held various senior roles in the areas of sales and marketing. “His extensive experience in the industrial gases market and his strategic and commercial insights will be of immense value to the board of BOC,” said Ms. R.T Ngobi, the Company Secretary on behalf of the Board. Gouws was appointed as a non-executive director in November 2016.…
Kenya’s central bank has unveiled the country’s new generation coins that will be in circulation beginning Tuesday. President Uhuru Kenyatta and the Central Bank of Kenya Governor Dr. Patrick Njoroge unveiled the new currency as stipulated under the 2010 Constitution. “The new coins bear a significant aspect of our nation, and therefore will serve as a means of passing knowledge, conserving culture and promoting our global uniqueness. By engraving the selected images in the coinage, an awareness of our country and its characteristics will be revitalized, giving physical expression to a Newly Reborn and Prosperous Kenya,” said Dr. Njoroge. The…
A regional Clearing Agents Framework will facilitate free trade and industrialisation will enhance trade facilitation and border control within the East African Community. This is according to Mr. John Njiraini, Commissioner General at Kenya Revenue Authority (KRA) also emphasised that the harmonization of customs systems will ease sharing, exchange of information and harmonization of business processes. “We should have Information Systems compatibility to give us visibility of across the systems platforms to monitor and track the goods declaration and clearance processes across our borders,” Njiraini said. The Commissioner-General said the use of Regional Electronic Tracking System (RECTS) as a step…
Kenya’s private sector expanded at a slower pace in November at 53.1 in November compared with October’s 54.0. The Markit Stanbic Bank Kenya Purchasing Managers’ Index(PMI) for manufacturing and services fell to 53.1 in November from 54.0 the previous month. A reading above 50.0 marks growth. “Despite the Stanbic PMI dipping slightly in November, purchasing activity remains solid,” said Jibran Qureishi, regional economist for East Africa at Stanbic Bank. Besides, the output and new orders rose at a softer pace and export demand growth was the weakest in ten months. “The level of growth remained solid with anecdotal evidence showing…