Author: Khusoko

I trust this note finds you holding up well, even in these difficult and unprecedented times. The purpose of this note is to provide clarification on inaccurate reports making rounds on social media about our products but without the requisite context, based on a letter authored by the Capital Markets Authority, “CMA”.  On June 3rd we received a letter from CMA asking us to limit investments by Cytonn High Yield Fund, CHYF, into real estate managed by Cytonn to no more than 10% of the fund. The directive was purportedly based on regulation 16 (2) of the Collective Investment Schemes Regulation…

Schneider Electric, a digital transformation of energy management and automation, has introduced Easy UPS 3L, the newest part of the Easy UPS 3-phase Uninterruptible Power Supply (UPS) range, extending the medium range to 500 and 600 kVA (400V) for external batteries.  The Easy UPS 3L simplifies and streamlines configuration and service, delivering high availability and predictability to medium and large commercial buildings, data centers, and light industrial UPS applications. With its compact footprint, highly available parallel and redundant design, and robust electrical specifications, Easy UPS 3L protects critical equipment in a wide range of environments from damage due to power…

Crowne Plaza Nairobi Airport said on Thursday it is the first hotel in Kenya to receive Safehotels COVID Clean (TM) certification. The country’s first 5-star airport hotel said the certification comes at a crucial moment in the hospitality industry when current and future travellers are demanding watertight reassurance that their travel choice hotels and destinations are clean and safe. “Without any effective treatments and vaccines still in development, the only option available is for institutions to instigate preventative measures. We are excited that our hotel has passed all parameters and protocols of hygiene and safety set by SafeHotel. There is…

Fatma Karume, she was not only sacked by her law firm but now she has been permanently removed from the roll of advocates. September 2019, she was indefinitely suspended from practicing law within the jurisdiction of mainland Tanzania by the High Court of Tanzania.  This was in response to allegations of misconduct following her written submissions in a constitutional challenge to the President’s appointment of Professor Adelardus Kilangi as the Attorney General of Tanzania. Through her Twitter feed Wednesday, Fatuma wrote, “I have been permanently removed from the roll of advocates. I will not be appealing the decision.” https://twitter.com/fatma_karume/status/1308713675172327426?s=20 “When…

Kenya’s second-largest retailer Tuskys has fired hundreds of employees as part of its strategy to stay afloat besides having announced receiving Ksh 500 million to cover its immediate working capital requirements. According to sources, in a letter addressed to the affected employees, Tuskys Human Resources General Manager Francis Kimani said the company will abide to labour laws including accrued leave days and severance pay. “Due to the ongoing business realignments, Tusker Mattresses Limited hereby informs you that it will no longer continue to offer you employment and will terminate your employment contract with effect from September 22,” the letter reads…

The Programme will be flagged off in Nairobi, Kenya and will be implemented in Kenya, South Africa, Tanzania, Nigeria, Zambia, Zimbabwe, Malawi and Zimbabwe Ksh 93 million worth of seeds to be distributed among 200,000 smallholder farmers in ten counties in Kenya Bayer, a multinational pharmaceutical and life sciences company, will provide free seeds to 700,000 farmers impacted by COVID-19 in Africa. The company has launched Better Farms, Better Lives initiative to assist smallholder farmers in Africa who are facing additional challenges resulting from the COVID-19 pandemic, by providing seeds and giving them market access. This is line with the company’s…