Author: Khusoko

The COVID-19 pandemic has disrupted many economic sectors and allowed a number of them to accelerate their hitherto slow adoption of information technology systems for efficient service delivery. One of the showcase emerging sectors remains the education industry. This sector is now thriving with the adoption and use of Information and Communication Technologies (ICTs) in education systems, popularly known as “EdTech”. Global bodies such as the World Bank Group have stepped up engagements and support to help countries leverage EdTech investments to develop resilient hybrid learning systems. Locally, due to pressures occasioned by the COVID-19 pandemic, it is increasingly evident…

NSE NEXT which is the Nairobi Securities Exchange (NSE) derivatives market trades single stock futures and index future contracts. What is a Derivative? A derivative is an instrument that derives value from its underlying asset(s) which can be bonds, shares, currencies, or market indices; by itself, it is simply a contract between parties. Types of Derivatives Derivative contracts are traded on an organized exchange or over-the-counter (OTC). Derivatives are further categorized as Forward contracts, Future contracts, options, and swaps Forward contracts Involves the buyer agreeing with the seller to acquire an underlying Asset at a future date, and at a…

Kenya’s hotel industry is slowly recovering from the disruption occasioned by the effects of the pandemic. A number of hotels are only now re-opening their doors two years after the stringent lockdowns and travel restrictions that saw a dip in tourist numbers, physical meetings and guest occupancy. Those that remained open were only operating at a fraction of the capacity and incurred high operational costs as a result of the frequent cleaning, sanitization processes, and government regulations required to remain open. As the world begins to shake off the last of the crisis, the hotel industry is looking at various…

Kenya on Friday observed a day of mourning over the demise of its third President Mwai Kibaki. He was 90 President Uhuru Kenyatta confirmed on Friday, April 22, 2022 in a televised address to the nation. “As a leading figure in Kenya’s post-indepedence history, Mwai Kibaki earned the abiding respect and affection of the people of this nation and other nations throughout the world,” said President Kenyatta in his address. “President Kibaki will forever be remembered as a gentleman in Kenyan politics.” “I order and direct that in the testimony of high esteem that all Kenyans held for Mwai Kibaki,…

The Nation Media Group has resumed dividend payments with a proposal to pay Ksh1.50 (0.013) per share.  This is after the group recorded a net profit of Ksh493.1 million in the year ended December 2021. https://twitter.com/NationMediaGrp/status/1516664962739015680?s=20&t=N5blpX8CYx9CYFrJlJVKEQ “2021 was a very challenging year. We were still experiencing the impact of Covid-19 but our focus was on recovery while still pursuing transformation agenda,” NMG chief executive Stephen Gitagama said. https://twitter.com/NationMediaGrp/status/1516657929658773507?s=20&t=N5blpX8CYx9CYFrJlJVKEQ The Group’s current share price is Ksh 22.00. NMG closed its last trading day (Tuesday, April 19, 2022) at Ksh 20.90 per share on the Nairobi Securities Exchange (NSE), recording a 2.8…

Gulf African Bank has appointed Mr Anuj Mediratta as its new Chief Executive officer, following the retirement of Abdalla Abdulkhalik who will now serve in a new role as an executive director. Mr. Anuj Mediratta, a banker with over 25 years of experience, served as the bank’s deputy CEO and head of banking prior to his appointment. He also previously served as Managing Director at Standard Chartered Bank, and the Head, Structured Trade and Commodity Agriculture at Barclays bank. Safaricom and Gulf African Bank last month announced a partnership to a Shariah-compliant mobile financing product dubbed Halal Pesa riding on M-Pesa. M-Pesa users…