The Kenya Central Bank cut its lending rate to 9.0 from 9.50 percent extending the easing cycle. This is the second rate cut this year in support of economic activity. In a statement, the CBK said policymakers felt: “Inflation expectations were well anchored within the target range, and that economic growth prospects were improving. Furthermore, economic output was below its potential level, and there was some room for further accommodative monetary policy. Consequently, while noting the risk of perverse outcomes, the Committee decided to lower the Central Bank Rate (CBR) to 9.00 percent from 9.50 percent.” “The decision to cut rates…
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 oil and gas industry facilities and systems are broadly defined according to their use in the industrial production stream — exploration, upstream, midstream, downstream, and petrochemical.
In July, Justice Jessie Lesiit sentenced 24-year-old Ruth Kamande for stabbing her boyfriend Farid Mohammed 25 times in September 2015. The Daily Nation quoted Justice Lesiit “Young people should know it is not cool to kill your boyfriend or girlfriend, instead, it is cool to walk away from such a relationship when it breaks down”. “The accused inflicted each stab, not in a frenzy as she alleged in her defence, but deliberately and intermittently. Her action was calculated to inflict pain and cause death slowly but assuredly. That is clear proof of malice, spite, callousness, and hatred,” Justice Jessie Lessit…
Muthoni Maingi, a Leading African Digital Strategist advises on how to successfully lead a global team. Popularly known as @NonieMG, she is the Head of Digital Campaigns Oxfam International. “When it comes to leading teams, many at times it is not about the money. A lot of times it is about how you lead,” she says. She advises that when leading people, these are the DOs: Clarify the connection between jobs and purpose Identify and encourage people’s strengths. Value everyone and diversity Build relationships based on trust Align goals with purpose Download the presentation here
EGM Securities Limited, Kenya’s first non-dealing online forex broker has launched its operations in the country that enables trading using multiple payment channels including mobile payment channels such as M-Pesa. Kevin Ng’ang’a, the Chief Executive Officer said: “Increased access to global forex markets and innovative financial offerings for Kenya’s investment community is a major leap forward for the country to advancing its financial markets depth and economic growth. We are very excited at the prospect that lies ahead for the financial markets in Kenya. EGM will transform the financial market in the near term. We see a significant opportunity for private investors, corporate investors,…
Kenya’s retail market is projected to have an increased retail space supply by the end of 2018 attributed to high occupancy levels according to Knight Frank’s Kenya Market Update – 1st Half 2018. This is despite the closure of select local retail chain stores. According to Knight Frank Kenya, occupancy levels remained high for established malls at 90% and between 60-75% for new retail centers. Footfall in major shopping malls increased slightly in the first half of 2018, as expanding retailers took up anchor tenant spaces vacated by ailing rivals. “The high occupancy levels indicate that there is still good…