To celebrate Africa Day (AU) on May 25, MultiChoice Group is launching M-Net Movies Afro-Cinema, a pop-up movie channel dedicated to showcasing and celebrating contemporary African films. The Afro-Cinema Channel will be available from May 21 to May 30, on Channel 198 to DStv customers on Access to Premium packages across the continent and on Channel 129 for GOtv Plus and Max customers. The Afro-Cinema Channel is curated to celebrate Africa’s cultural diversity, aptly reflected and captured in the work that filmmakers are producing all over the continent. Through collaboration and turning challenges into possibilities, local film industries across the continent have…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Bamburi Cement aims to continue growing earnings per share this year after it posted stronger results in 2020, with shareholders expected to receive KSh1.089 billion in dividends. In the fiscal year, the cement maker’s pre-tax profit surged to KSh1.776 billion, from KSh728 million in 2019, a 144% increase. This was in line with its Strategy 2022 agenda focusing on customers to drive topline growth, cost optimization, people, financial strength, and sustainability. Bamburi Cement will hold a virtual Annual General Meeting on 10th June 2021. During the AGM, shareholders will approve a first and final dividend on the company’s register at…
Kenya’s Parliament Wednesday approved the nomination for the appointment of Justice Martha Koome as Kenya’s next Chief Justice. This paves the way for her swearing-in to succeed Justice David Maraga, who retired in January. https://khusoko.com/2021/01/11/chief-justice-david-maraga-exit-speech/
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.