2021 3M Open will see reigning champion Michael Thompson looking to put up a strong defence of his title. The 36-year-old American won last year’s event by two strokes from compatriot Adam Long. Soon after winning 2020 3M Open, Thompson and his wife welcomed their first child to the world, and the golfer is excited that he will have friends and family amongst the spectators who will be welcomed back to TPC Twin Cities this time around. “Any time we have a great moment in our lives, we want to be able to share it with the ones we love…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
2020 was different for many obvious reasons. But one habit which hasn’t changed is our need and use of everything digital. The pandemic has accelerated our use of digital channels, both as individuals and as businesses. We’re using more streaming services, increasing our time on social media, conversing over Zoom and Teams, and using online platforms to learn. All of these activities are dependent on our data centres. These spaces, which are home to vast computing power and storage, are today’s utilities. They’re as essential as our roads and our hospitals. We’ve got to ask ourselves if we have the…
Unilever Plc on Thursday said its second-quarter and first-half results showed a strong performance with underlying sales growth. However, it said its full-year operating margin forecast will be reduced due to surging commodity costs. Its half-year sales came in 5.4 per cent higher, above the 4.3 per cent forecast and ahead of the group’s mid-term target of 3-5 per cent growth. “Unilever has delivered a strong first half, with underlying sales growth of 5.4 per cent driven by our continued focus on operational excellence,” Chief Executive Officer Alan Jope said in a statement. “The operating environment across our markets has…
Acorn Holdings’ final tranche of its Medium-Term Green Note (MTN) Programme has raised Ksh 2.096 billion, getting a subscription rate of 146 per cent over its target of Ksh 1.438 billion. The additional financing will go towards the development of an additional 2 PBSA properties providing 2,654 beds bringing the total numbers of developments funded under the MTN programme to 8 projects providing 7,349 beds. The MTN green bond was launched in October 2019 for KSh5 billion, becoming the first of its kind in Kenya. In the process, the first tranche of the issue raised KSh4.262 billion against a minimum…
LG Electronics says it has made a commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. The South Korean tech company’s announcement contained in its LG Electronics Sustainability Report reinforces its earlier promise to achieve carbon neutrality by 2030 through the Zero Carbon 2030 initiative. Through the initiative, it pledged to reduce carbon emissions in the production stage to 50 per cent of 2017 standards by 2030. The transformation will be implemented region by region starting in North America where every office and manufacturing site will be powered by renewable energy within…
Orange has expressed an interest in acquiring a stake in Ethiopia’s Ethio Telecom. Henok Tereffa Shawl, Ethiopia’s ambassador to France, through his Twitter feed, said Orange has formally declared its wish to participate in the partial privatisation of the telco. https://twitter.com/_HenokTeferra/status/1417419045977182232?s=20 Ethiopia is offering a 40 per cent stake in Ethio Telecom, the existing monopoly, which has 44m subscribers, as well as spectrum for two new telecoms licences. French telecoms giant, Orange, operates in 29 countries across Africa and Europe. https://khusoko.com/2021/07/15/safaricom-to-operate-in-ethiopia-as-safaricom-ethiopia-plc/