Kenya’s retail sector is experiencing increased investor favour and returning to pre-pandemic levels due to the gradual reopening of the economy. This is based on the sector’s performance in H1 ‘2021 which witnessed a slight improvement of 0.1 per cent rental yield to 7.6 per cent from 7.5 per cent in FY’ 2020 attributed to increased market activities in the retail front according to Cytonn Investments. “The average occupancies and asking rents also recorded an improvement in performance by 0.7% points and 0.3% points from 75.2% and Kshs 168.6 per SQFT in FY’2020 to 75.7% and Kshs 169.1 per SQ…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
TECNO ventured into new heights by announcing its newest flagship smartphone, PHANTOM X, an elegant design of 3D Borderless Screen and the industry’s first silk glass back cover. PHANTOM X features an elegant design of 3D Borderless Screen and the industry’s first silk glass back cover. The combination of the 50MP Ultra-Night camera and the industry’s leading 1/1.3 super large senor, 48MP Ultra-Clear Selfie camera with 105°Ultra-Wide-angle, not to mention the AI-assisted Super Night Mode and 50mm Golden Portrait, provides a big leap in camera performance. Powered by a 4700mAh, 256G+8G large memory and a newly-updated HiOS 7.6 system, PHANTOM…
To accelerate the innovation and adoption of AI technology, global smart device brand OPPO has joined the LF AI & Data Foundation governance board as a premier member. LF AI & Data Foundation members will make significant contributions by promoting strong open-source AI and data communities. Established by the Linux Foundation in March 2018, the LF AI & Data Foundation consists of 49 members across several industries. The mission of the foundation is to build and support an open AI and Data community and drive open source innovation in the domains including AI, ML, and Data by enabling collaboration and…
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…