Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

The Angaza Awards: Women to Watch in Banking & Finance program has announced the list of Top 10 women who are steering and shaping the financial services sector. The list was compiled following a four-month entry period which saw professionals from Kenya, Rwanda, South Sudan, Tanzania and Uganda submit applications. “These women are quietly, behind the scenes, creating an impact for their organizations and in turn shaping the financial sector. They have certainly earned the recognition and we congratulate them for their accomplishments, “I often am asked ‘where are the women,’ when it comes to board appointments. Considering the financial…

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DStv and GOtv have lined up an unmatched entertainment list of exciting Kenyan content made in Kenya by Kenyans that is set to thrill local viewers this holiday season.  With shows to keep customers glued to the screens 24 hours a day, the very best of premium content takes center stage on Maisha Magic Plus and Maisha Magic East.  “MultiChoice Kenya remains committed to tell the best Kenyan stories that bring people together around shared passions. Our local content offering is unmatched and gives our customers a premium entertainment experience,” said Nancy Matimu, Managing Director MultiChoice Kenya. We are committed…

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Markets regulator, Capital Markets Authority (CMA) has imposed a total fine of KSh15 million on four former Real People, a non-deposit taking financial solutions provider for businesses in East Africa, for flouting regulatory norms. According to CMA, the four, Mr Arthur Arnold, Mr Neil Grobbelaar, Mr Arumugam Padachie and Mr Bruce Schenk diverted proceeds of the KSh1.3 billion bond to South Africa.  “CMA initiated an investigation into the matter and noted that there appeared to have been a plan involving RPKL (Real People Kenya Limited) and RPIHL (Real People Holding International Limited), South Africa to use the medium-term note proceeds…

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Chinese smartphone maker Xiaomi Corp will invest 10 billion yuan ($1.52 billion) in the automotive industry. This will be a new subsidiary that will manufacture smart electric vehicles over the next ten years. Lei Jun, CEO of Xiaomi, will serve as CEO of that subsidiary. https://twitter.com/Xiaomi/status/1376828192011427842?s=20 Xiaomi currently is the third-largest smartphone vendor with a market share of 11.5 per cent, followed by Vivo and OPPO with 10.6 per cent and 8.5 per cent global market share respectively according to a report from Strategy Analytics.

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The Cabinet Secretary for Health, Mutahi Kagwe, on Monday, while briefing the nation on the status of COVID-19, made a passionate appeal for Kenyans to return cylinders to manufacturers to help stem a looming crisis. He made a shocking revelation that cylinders are being hoarded and illegally refilled across the country which means that the cylinder pool is being depleted daily. Oxygen is critical in the management of COVID-19. The CS said more than 20,000 Oxygen cylinders are in the hands of Kenyans and made a humble appeal that they are returned to enable the frontline workers to save the…

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Thanks to the efforts of young people such as Elizabeth Wanjiru Wathuti and Greta Thunberg who are speaking up and urging the world to pay more attention, climate change is garnering global interest. Leaders, young people and even students are now talking about it. Companies are thinking about how they can reduce their carbon footprint and their operations’ impact on the environment. We have already started feeling the effects of climate change such as the soaring frequency and intensity of storms, floods and droughts, weather patterns are changing.  Here in Kenya, water bodies are either drying up or bursting their…

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