Author: Khusoko

Sports betting is growing in leaps and bounds across Africa, and Kenya has been a major driving force behind one of the fastest-growing industries on the continent. Kenya currently has the third biggest online gambling market in sub-Saharan Africa after South Africa and Nigeria. The country also holds the aces in terms of the highest number of youths spending money on gambling in the region. Millions of Kenyan youths have taken to online sports betting as a means of earning some complimentary income. The rapid growth of online gambling may not be unconnected to the popularity of football in Kenya.…

Kenya is among the countries that have continuously embraced innovation. From M-Pesa to TIMS (Transport Information Management System) innovations the country has made commendable progress in terms of mobile money transfer and vehicle transfer easier. The Ministry of Land has not been left behind. They are gradually innovating key functions. President Uhuru Kenyatta and CS Farida Karoney launched the National Land Information and Management System, known as Ardhisasa. This key innovation enables Kenyans to carry out land transactions online. Let us explore the platform further.  What is Ardhisasa? Basically, Ardhisasa is a national land information management system developed by the…

Stanbic Holdings bank reported a 26.7 per cent 2021’ Q1 profits of Ksh 1.9 billion from Ksh 5.1 billion. The lender’s operating income rose to Ksh.6 billion from Ksh.5.4 billion on a 21.7 per cent rise in non-interest funded income (NFI) to Ksh.2.8 billion. It’s total interest income remained flat in the period at Ksh.4.8 billion. Stanbic’s level of gross non-performing loans (NPLs) have increased to Ksh.26.4 billion from Ksh.21.1 billion. Provisions for bad loans rose to Ksh.609.5 million from Ksh.617 million in March last year.

TransCentury PLC  will not delist and will instead seek shareholder’s nod for its first rights issue to raise  Ksh 2 billion  According to the company, its priority is to complete debt restructure and to secure the right funding for the Group to ensure the businesses access funding to capitalise on the opportunities in the lucrative sectors where they operate.  “The Rights Issue will be on the basis of five (5) new shares for every one (1) ordinary share held and further the directors be authorized to deal with fractions in such manner as they may think fit and to effect…

IMPACC, a non-profit that builds green start-ups in Africa, plans to provide smart equity investment of between $30,000 – $150,000 to local social businesses with sustainable high impact. The move is aimed to transform the local ecosystem by leveraging on the disruptive power of innovative local products and services as a driver for inclusive and sustainable growth. The funds have a duration of 6 to 12 months. “We use the tools of business to meet social challenges.  We identify local green businesses that have already had first proof of concept and help them grow by scaling their business through a…

FA Cup final Available to all DStv packages and GOtv Plus at no extra cost! This weekend SuperSport turns up the football fever as all active DStv customers, as well as GOtv Plus customers, score big with a coveted “all-access” pass to enjoy a front-row view of the final of the most celebrated football cup competitions.  SuperSport viewers on DStv and GOtv can look forward to the final of the world’s oldest knockout football competition, the FA Cup, which will see Chelsea and Leicester City meet at the iconic Wembley Stadium in London on the evening of Saturday 15 May…