Author: Khusoko

So far this year, the bond market, consistent with the global market’s trend, has been largely bearish. In fact, benchmark rates including the two and ten-year papers have so far this year risen by 151bps and 83bps respectively. The upward pressure reflects primarily, rising inflation expectations and to some degree, an aggressive domestic borrowing stance by the sovereign. After rising to 6.5% in April of 2022, inflation expectations have firmed to the upside. We now expect headline inflation to rise above 7.5% in June and remain above the upper limit of the statutory target band through Q3, before easing in…

Somalia’s former leader Hassan Sheikh Mohamud has been elected president. He defeated the incumbent president, Mohamed Abudallahi Farmajo. Farmajo has been in office since 2017. Mr Mohamud received 214 votes, defeating Mr Farmajo who won 110 votes out of 328 MPs who cast their votes.  Hassan Sheikh Mohamud will serve as Somalia’s president for four years, returning to the role he held between 2012 and 2017 before he was defeated by Mr Farmajo. Khusoko is now on Telegram. Click here to join our channel and stay updated with the latest East African business news and updates.

Caetano Kenya donated the ambulance to NMS together with 500 pieces of certified full medical protective coveralls and over 3,300 comfort and face guard masks

Safaricom Foundation has donated a Ksh 9.5 million boat ambulance to King Fahad Referral Hospital in Lamu County to help deal with medical emergencies. The ambulance will impact over 150,000 people by linking patients from Faza and Mpeketoni Sub-County Hospitals, Kiwayuu and Kizingitini dispensaries, Kiunga and other health centres to referral services at King Fahad Referral Hospital. The ambulance, which uses a toll-free number for emergency services, is also fitted with emergency and surgical equipment needed to treat patients needing critical care and is estimated to be able to conduct 50 referrals per month. “The answer to achieving SDG 3,…

Standard Bank has named former Johannesburg Stock Exchange chair Nonkululeko Nyembezi as the head of its board with effect from 1st June 2022. Nyembezi will take over from Thulani Gcabashe, who is stepping down after seven years in the position, after the group’s Annual General Meeting on May 31. Nyembezi has previously been the chair of Alexander Forbes Group Holdings, a non-executive director of Old Mutual, CEO of ArcelorMittal SA and non-executive director of Standard Bank Namibia. Her role as the non-executive chair of the JSE ended on May 3 and she will remain a board member at Anglo American…

Now approaching its fifth year, the MultiChoice Talent Factory (MTF) Academy has called for applications for its world-class film and TV training programme scheduled for October 2022. The call is open to all emerging filmmakers with either some industry experience or a relevant post-school qualification for this exciting opportunity to hone their television and film production skills. The curriculum combines film studies such as directing, sound design, the business of film, to name a few with workplace experience on M-Net’s top productions. The 12-month fully funded programme is open to candidates from Southern, Western and East African countries. Under the…