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…
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.
Barclays Africa Group Ltd has officially changed its name to Absa Group following the separation following the sell-down by Barclays PLC of its majority shareholding in Barclays Africa Group to a minority position in 2017. “Our new name and brand are an expression of our new purpose and strategic direction, which commits us to grow in Africa. We are rallying around a shared sense of purpose and identity while celebrating our diversity,” Absa CEO Maria Ramos said. https://twitter.com/BusiLethole/status/1016934093546803200 This has been touted as one of the largest rebranding exercises that will target the group’s Barclays-branded banks in Botswana, Ghana, Kenya,…
Kenya’s hospitality sector capacity is projected to grow faster than demand but grow more slowly over the 2019-21 period according to the latest Price Waterhouse Coopers (PwC) report. The ‘Hospitality outlook: 2018-2022 8th Annual edition themed Positioning for future growth, Kenya’s tourism industry is set to bounce back to its previous growth path by the end of 2019. “We project room rate growth to average 2.6%, compounded annually through 2022. We expect the average occupancy rate to rise to 58.1% in 2022, up from 47.3% in 2017 but still well below the 62.3% rate in 2012,” states PwC. The report…
The Kenya Bankers Association has welcomed the National Treasury’s proposal to repeal the Banking (Amendment) Act 2016. According to Dr. Habil Olaka, CEO of KBA, this will pave the way for the Treasury and Central Bank of Kenya to work with sector stakeholders to promote financial inclusion and consumer protection. “It will pave the way for the Treasury and Central Bank of Kenya (CBK) to work with sector stakeholders to chart the best way forward that serves the interest of the economy while promoting financial inclusion and consumer protection,” said Dr Habil Olaka, chief executive officer, KBA in an op-ed…
The sector has been riddled with mismanagement, cheap sugar imports, high operational costs and poor cane quality.
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…