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…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya will continue hosting World Rally Championship (WRC) Safari Rally consecutively until 2026, President Uhuru Kenyatta announced on 27th June. According to the president, the government has secured the hosting rights for the event from the International Automobile Federation (FIA) and the WRC after years of intense lobbying and preparations. “It gives me great pleasure, therefore, to announce, that we have agreed, with the International Automobile Federation (FIA) and the World Rally Championship (WRC), to continue hosting the Safari Rally in Kenya, every year until 2026,” said President Kenyatta “I commit the required financial investment towards another successful championship in…
Kenya 1. Top Performer- Prudmart 2. Partner of the Year- Computer Revolution Africa 3. Emerging Partner of the Year- Macrosec 4. Synchronized Security Partner of the Year- Infoview 5. New Partner of the Year- Revere Tech and Applied Principles 6. Individual Contributor of the Year- Sam Njagi, SimplifyIT 7. Distributor of the Year- Mart Networks 8. Small Business Partner of the Year- ManageIT 9. Mid-Market Partner of the Year- SimplifyIT 10. Public Sector Partner of the Year- Novel Tech 11. Healthcare Partner of the Year- Ace Technologies Ltd 12. Education Partner of the Year- Speed ENT 13. Enterprise Partner of…
Kenya’s current demand for wood products has hit 45 million cubic metres against a supply of 30 million. The government is keen to tap the potential of forestry in private and community land as it seeks to increase forest cover. Under a draft forest policy 2020, the government says it cannot achieve 10 per cent cover by only focusing on gazetted forests on public land managed by Kenya Forest Service. The draft policy says Kenya’s forest cover is 7.4 per cent, a far cry from the constitutional requirement of 10 per cent. The government has however committed to increasing the…
Chinese smartphone brand Vivo says its newly launched Vivo V21 smartphone showcases a unique Optical Stabilization (OIS) front camera housed within one of the industry’s thinnest smartphone designs to deliver a mobile experience. The latest in its V-series smartphones, its 44MP OIS front camera combines features including AI Night portrait, Super Night Mode, Advanced Autofocus, and a stable 4K video to equip users with the best-in-class tools for the ultimate modern mobile lifestyle. The V21 also features a top-notch 64MP OIS rear camera, supported by a set of secondary cameras, an 8MP wide-angle to handle more complex shots, as well…
Whistleblowers in Kenya have historically faced retaliation through harassment, dismissal from employment, threats to their lives, and actual violence.