Author: Khusoko

Anwar Soussa was on Monday appointed as the Managing Director (MD) of the Global Partnership for Ethiopia (GPE), of the Operating Company in Ethiopia, effective 1st July 2021.  The Global Partnership for Ethiopia is a  consortium of telecom operators made up of Vodafone, Vodacom, and Safaricom. Anwar will lead the Ethiopian Operating Company on behalf of the Global Partnership for Ethiopia Consortium. He will be responsible for the execution of the consortium’s goal to bring about transformational economic and social impact in Ethiopia and positively enhance the lives of its over 112 million people. He will formulate strategies and plans…

Kenya Breweries Limited (KBL) through Guinness variant Hop House 13 has introduced a new barbecue experience ‘Flavor by Fire’.  Flavor by Fire concept will usher in a new culture of Hop House 13 paired with food, casual dining with friends and celebrating local Chefs. Anne Joy Michira, EABL Head of Marketing Beer said: “There’s something very special about cooking food over the fire. It brings people together in a way you don’t get using other cooking methods. Hop House 13 has a similar effect – it’s the perfect way to celebrate getting together with friends and family for some quality time.” She…

During MWC Barcelona 2021, Huawei Executive Director and President of Carrier BG Ryan Ding said, operators have seen faster revenue growth in countries where 5G is developing faster; ICT infrastructure, as the cornerstone of the digital economy, is playing an increasingly important role in the new normal created by the pandemic. During his keynote speech, Ding emphasised that the value of ICT transcends the telecoms industry and has transformative implications for the global economy as a whole. “The rapid development of digital infrastructure driven by 5G will add EUR1.9 trillion to the Chinese economy in the next five years. We see the same in South Korea…

Former Nairobi Securities Exchange (NSE) Chairman, Samuel Njuguna Kimani, has been appointed as Nairobi Business Ventures Limited’s (NBV) new Chairman, as part of its new leadership changes.  Samuel Kimani served as the Chairman of the Nairobi Securities Exchange for four years from June 2016 to July 2020.  The Shoe and leather accessories retailer, also named Haresh V. Soni as its new Chief Executive Officer and Vasu Abotula as the Director of Corporate Affairs. Soni is the Chairman of Dubai-based Delta International FZE and founder of Shreeji Group of Companies.  Abotula, is a co-founder of Nairobi Business Ventures and highly skilled…

From July, Kenyans may have to pay more for calls and use of the internet if a proposal to increase excise duty on telephone and mobile data services is enacted. This is after Parliament’s departmental committee on finance and national planning proposed the excise duty be increased from 15 per cent to 20 per cent.  The new amendment was initially not included in the Finance Bill of 2021. The Finance Act of 2018 introduced excise duty on telephone and mobile data services from 10 per cent to 15 per cent.  Peter Ndegwa, the Safaricom CEO says if assented into law,…

Central banks across the world have shown greater tolerance to inflation since the outbreak of the Covid-19 pandemic.  To be sure, despite record acceleration in prices in advanced economies, forward guidance from respective monetary authorities has continued to point towards prolonged ultra-easy monetary policies, as they view the current pressure as transitory. Locally, inflation has stabilized in the 5.0-6.0% levels so far this year and is projected to remain within the statutory target band of 2.5-7.5%.  While downside risks from higher oil prices and supply constraints could see price increases quicken, the scope may be limited by persistently subdued demand…