The Kenyan Shilling traded within a range of 110.10 and 110.19 in the week ending Jan. 22, thus appreciating marginally by 0.1% to the dollar. “The Kenya Shilling remained relatively stable against major international and regional currencies during the week ending January 21. It exchanged at KSh 110.19 per US dollar on January 21, compared to KSh 109.97 per US dollar on January 14,” said the CBK in its Weekly Bulletin. The appreciation was due to higher dollar inflows from offshore investors into the local debt market. Analysts attribute this to improved investor sentiment for so-called frontier assets. On a…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya’s Ministry of Health says through the newly launched smart anti-epidemic robot technology to support frontline healthcare workers in the fight against COVID-19. The technology is a collaboration between the Ministry of Health and ICT, Innovations and Youth Affairs, the United Nations Development Program (UNDP) and the Japanese Government Named Tumaini, Jasiri and Shujaa, the Minister of Health, Mutahi Kagwe said “They will assist in temperature screening, disinfection, communication of health messages and data capture.” They will be deployed to the Kenyatta National Hospital and Jomo Kenyatta International Airport. Kagwe said the robots would fast track traveler clearance at airports since they have the capacity of screening the body temperature of…
Channel will debut AEW Dynamite, a weekly flagship show from All Elite Wrestling Kenyans are set to experience an exciting and amazing 2021 in terms of viewing experience courtesy of TNT Africa that is set to launch a series of interesting shows, a commitment to deliver relevant programmes to African fans. The much-awaited AEW Dynamite will be a weekly flagship show from All Elite Wrestling, featuring a new professional wrestling league that is already taking the world by storm will be hitting the screens on Friday, February 5, at 2.20 pm with the first five episodes of the new season. …
Kevit Desai, East African Community (EAC) Principal Secretary and Busia County Governor Sospeter Ojaamong on Wednesday jointly witnessed the erection of a beacon to mark the beginning of the construction of KSh1.4 billion Jumuiya market in Busia County to boost at Marachi estate. Matayos legislator Geoffrey Odanga among other officials witnessed the event. This is a project being done by the Kenyan government in partnership with TradeMark East Africa (TMEA). Desai said the cross-border market is part of the government’s vision of boosting connectivity and help realize the shared pursuit of stronger and mutually beneficial trade, economic and people-to-people trade ties…
Safaricom Foundation’s Ndoto Zetu initiative has supported about 2,000 students from Elgeyo Marakwet, Baringo, Nandi, Kakamega, Kisii and Homabay to the tune of Ksh. 2.2 million. The investment has seen students receive various items such as school uniforms, water tanks and classroom furniture. Ndoto Zetu initiative is one of Safaricom Foundation’s philanthropic partnerships that aim to support individual Kenyans who are keen to make an impact in their communities through social investments. Students from Simotwo Secondary and Kapteren Primary Schools in Elgeyo Marakwet County received desks and chairs. Other learners in Ketigoi Mixed Secondary School and Moi Girls Kapcherop benefitted…
Joseph Mwenda popularly known as DJ Joe Mfalme will take charge as Disk Jockey at Radio Africa Group following his exit from Capital FM where he played the same role for 12 years. In a statement issued Tuesday via his Social media channels, Joe said he will forever be grateful to Capital FM’s management for giving him the opportunity. “I would like to thank the Capital FM Kenya family for giving an opportunity to a young man from Meru who had dreams and ambitions of entertaining people through the art of deejaying. I have made some of my best memories…