The sector has been riddled with mismanagement, cheap sugar imports, high operational costs and poor cane quality.
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.
Kenya’s largest telecom operator Safaricom Limited (NSE: SCOM) growth will be transformed to a digital company to drive customer experience and growth. To actualise the growth opportunities in connectivity, content innovation, and service platforms, the firm is set to invest close to KES 38 billion in infrastructure expansion. “In FY 2019 we look to drive long-term shareholder value by deploying next-generation network services, leveraging data analytics and segmentation, guided by our purpose of transforming lives to turn innovative ideas into realities,” said the Finance Director Sateesh Kamath.“Safaricom is well positioned to sustain growth in the portfolio and actively manage profitability with…
Finterra, a Singapore-based FinTech company has launched its operations in Kenya due to the technology advancement and high rate of adoption of new technology case in point M-PESA.“Surprisingly very many institutions are running on block chain, the New York stock exchange, standard chartered bank remittances and Singapore airlines all run on blockchain technologies. There many use cases coming up, which will bring blockchain to the mainstream giving value to the technology.” Hamid Rashid CEO Finterra.Hamid Rashid CEO Finterra speaking to participants in Nairobi during the launch.The Fintech company plan to introduce Land management and Ecommerce use cases in the country.Land registries will…
Retail investors are presently focused on Kenya, as both local and international retail brands and developers continue to penetrate the market. This has made it the most dynamic in the East African region. “Growth in Kenya’s retail has been driven by the country’s constant steady growth,” Robert Tashima, Managing editor: Africa, Oxford Business Group. The Group ranks the sector as second-most formalized in Africa. This is due to the increasing urbanization with a rise in the levels of disposable income driving consumer’s preference for organized retail. Cytonn Investments project the country’s retail sector to have a growth Compound Annual Growth…
Kenyan mobile money users will directly send and receive money across three networks at no additional cost beginning this April. “Kenya now joins 15 other countries across the world that have successfully implemented wallet-to-wallet interoperability. This is a significant step for the mobile money operators in Kenya,” read a notice published in the Kenyan dailies. “With such tremendous achievement, the move to launch mobile money interoperability can only be seen as another great step towards furthering financial inclusion,” the statement adds. “The three mobile money operators: Airtel, Telkom and Safaricom have come together to offer the customer mobile money Interoperability.…
The Central Bank of Kenya (CBK) continues to reiterate that interest rate caps have undermined the conduct of the monetary policy Committee.In its draft report, ‘The Impact of Interest Rate Capping on the Kenyan Economy’ that calls for public comments states that using bank-level data covering the period before and after the interest rate capping law, coupled with selected macroeconomic indicators, our analysis shows that interest rate caps have started to yield negative effects which include the following:First and foremost, the capping of interest rates has infringed on the independence of the central bank and complicated the conduct of monetary…