Author: Korir Issa

The World Bank has approved $750 million lending to Kenya to t to sustain its strong economic growth performance. The funding is the second under the Development Policy Operation (DPO) initiated in 2020 that provides low-cost budget financing along with support to key policy and institutional reforms. “The government’s reforms supported by the DPO help reduce fiscal pressures by making public spending more efficient and transparent, and by reducing the fiscal costs and risks from key state-owned entities,” Alex Sienaert, senior economist for the World Bank in Kenya, said in the statement. This is the fourth time in three years…

Toyota Kenya Limited has changed its name to Cooperation for Africa and Overseas (CFAO) Motors Limited Kenya effective February 2022. The change in name aims to enhance its multi-brand distribution of cars, motorbikes, and equipment. “The rebrand and name change by Toyota Kenya Limited was approved through a special resolution by shareholders and authorization by the Board of Directors,” said Arvinder Reel, Managing Director CFAO Motors Kenya Limited. “Overall, this change allows us to enhance our value chain in the automotive sector over and above the Toyota brand, which remains the core of our business,” said Reel. Its parent company,…

Chinese smartphone brand Xiaomi Tuesday launched the Xiaomi 12 series in the global market. This was alongside the Xiaomi Watch S1 series and Buds 3T Pro earphones.  Xiaomi 12 series is a successor to the Mi 11 series that made its debut in 2021. The Xiaomi 12 Pro is Xiaomi’s first smartphone to come with support for 120W fast charging support. It has a curved display that is 6.73-inches in size.  https://twitter.com/Xiaomi/status/1503740376548528132?s=20&t=qs2qpRQ0KiMzM8Pu8iTHVg Xiaomi 12 Prices in Kenya Xiaomi 12 Pro – 12GB RAM, 256GB storage will be Ksh 104,999 Xiaomi 12 – 12GB RAM, 256GB storage will be Ksh 84,999…

Madison Group Limited plans to close its equity fund and balanced fund, however, it will retain the Money Market Fund. Equity funds are investments targetting the stock market while balanced funds include both stocks and bonds.  A money market fund is an investment vehicle that collects money from several investors and puts it in money-earning instruments. MMFs are also very liquid, which means you can easily withdraw your money whenever you need it. Interest in a money market fund is compounded daily and paid at the end of each month. “We wish to notify the public that we have completed…

Kenya’s Ruth Chepngetich recorded the second-fastest ever women-only marathon at the Nagoya Women’s Marathon on Sunday. She clocked 2:17:18 to win the World Athletics Elite Platinum Label road race.  The 2019 world marathon champion and 2021 Chicago Marathon winner,  finished ahead of Israel’s Lonah Chemtai Salpeter and Japan’s Yuka Ando in second and third, respectively. https://twitter.com/fast_women/status/1502835557105377280?s=20&t=GCHhTYHjmdtJL9quVWEm4w Khusoko is now on Telegram. Click here to join our channel and stay updated with the latest East African Sports news and updates.

Sports betting never gets old, we all know this – and now that all matches, including the Premier League, have resumed, enthusiasts who like to wager are having the time of their lives.  Well, the season has, so far, been successful. The Premier League, for instance, has been ablaze with incredibly amazing results. Teams are giving it their best. Even in other leagues, such as the Europa and La Liga– there is everything to write about.   Meanwhile, as the soccer world comes to life, so do the prospects of fans wagering on their favourite teams. Betting is part of football.…