Author: Khusoko

Ride-hailing platform, Bolt, has launched an on-demand cash withdrawal option to further improve customer experience. This would allow its drivers to provide early access to cash earned on the platform from cashless payment methods and other earnings whenever they need it. “We strongly believe the feature will offer our drivers convenient, faster and effortless accessibility to their earnings in real-time. In turn, increasing their productivity, workflow, and overall financial well-being,” Kenneth Micah, Bolt Regional Manager, East Africa said in an emailed statement. The cashout product processes payments directly to drivers’ bank accounts; requests during business hours will be processed in…

The pandemic finally made evident that Revenue Management is not about analytics and crunching numbers only, but a lot about being creative to tackle the evolving needs of our customers’ base and convert demand! When times get rough, seizing every single revenue opportunity that can positively impact the bottom line can be a lifesaver. If we change our perception of the hospitality business as being less about just selling rooms and more like a retail business, we will look at our Hotels with brand new eyes.  We will discover incremental revenue opportunities we did not realize existed before.  During the…

To address the huge gap between the skill set of individuals entering the job market and those desired by companies, the Kenya Accountants and Secretaries National Examinations Board (KASNEB) has introduced a new syllabus aligned with the current requirements. The professional exam body that is mainly responsible for conducting professional, certificate and diploma exams, says the revised syllabuses are tailored to address the unique and dynamic demands in the market today.  In addition, the new competence-based syllabuses and assessment modes are purposed to enhance global competitiveness and set successful pathways.   The reviewed syllabuses comprising a five-tier certification from the previous…

With the current surge in COVID-19 cases and inflation well anchored, the Central Bank of Kenya is likely to maintain the status quo on policy rates. This will be the central bank’s first bi-monthly monetary policy review for the current fiscal, according to market analysts.  The Monetary Policy Committee (MPC) meets Wednesday, against the backdrop of COVID-19 shock and its spillover to the economy.  In its last meeting on 26th May, it maintained the Central Bank Rate (CBR) at 7.00 per cent.  The eighth consecutive neutral policy stance.  However, the inflation rate has been rising, fueled by higher commodity prices,…

Huawei plans to invest US$150 million in its Seeds for the Future Program 2.0, a digital talent development over the next five years.  The program is expected to benefit more than 3 million additional people.  Seeds for the Future is Huawei’s flagship corporate social responsibility program. It was launched in 2008.  Huawei introduced this programme to Africa in 2014 with nearly 2,000 students in more than 25 African countries benefiting. According to Huawei, in the digital economy, digital talent is playing an increasingly important role in driving digital transformation and economic growth, leading to many asking how we can drive…

There is no doubt that Africa faces a massive energy challenge. At the same time, the continent is richly endowed with renewable energy sources. According to the international energy agency, around 580 million people in sub-Saharan Africa lacked access to electricity in 2019, three-quarters of the global total, while renewable energy is expected to contribute 22% of Africa’s total energy consumption by 2030. There is a strong and urgent need to accelerate the growth of renewable energy across the region to ensure sufficient, affordable, reliable energy supply for individuals, businesses, and communities. Huawei is at the forefront of addressing those issues, as it demonstrated at a…