“I am running to make history, to show that no human is limited. It’s not about money, it’s about showing a generation of people that there are no limits,” Kenya’s world record holder Eliud Kipchoge, told reporters ahead of his second attempt to break the two-hour mark in the INEOS 1:59 Challenge in Vienna on Saturday 12 October 2019. Kipchoge broke the official marathon record by running 2:01:39 in the 2018 Berlin Marathon. Last month, Ethiopia’s Kenenisa Bekele fell two seconds short of that mark in this year’s race. “Running Berlin and running Vienna are different. Running Berlin is for winning…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
National Oil Corporation of Kenya has appointed a new chief executive, James Nyamongo in an acting capacity. He takes over from Ms. MaryJane Mwangi who made a decision not to renew her contract during a Board meeting held on 09th October 2019. Maryjane joined National Oil in 2008 as the Sale and Marketing Manager and rising to the ranks as General Manager, Downstream Operations at the National Oil Corporation of Kenya under the former CEO Sumayya Hassan-Athmani. Maryjane had also been put on acting capacity at the state corporation in February 2016 after Sumayya Athmani was sent on compulsory leave.…
ICEA Lion Group has launched Kenya’s first stand-alone cover for cancer that will cater to the financial needs of patients from diagnosis, treatment, surgery to palliative care and relapse. George Nyakundi, the GM ICEA Lion Group, said the product provides solutions to the complex issues that face the market. “We looked at the current situation in the country, how Cancer has affected families, leaving them destitute and in dire financial need. We noticed that despite there being other interventions in society to support cancer patients, there still exists a need for more financial support,” said George Nyakundi. “In view of…
Samsung East Africa will offer discounted prices and special offers on a variety of products as it marks its 50-year Anniversary in a three-month nationwide end year consumer promotion. The promotion is aimed at rewarding consumers for their loyalty to the Samsung brand. The products on offer range from Samsung QLED TVs, fridges, microwaves, Samsung mobiles, tablets, vacuum cleaners, washing machines and so much more. Samsung Electronics East Africa, Head of Internet and Mobile, Charles Kimari said the burst of deals will enable consumers to snap up products at amazing prices – in the lead up to the festive season…
Tingg’s all-in-one payment model seeks to revolutionize the way consumers interact with payment services in the region Leading technology firm Cellulant on Tuesday announced the launch of Tingg, a consumer payment, commerce, and financial services app. In Kenya, Tingg offers third-party service from utility payments for water, electricity, airtime and PayTv through partnerships with; KFC and Simbisa Group, (Pizza Inn, Chicken Inn and Creamy Inn) to offer Tingg Food, and with Go Beba to offer gas delivery under Tingg Assisted Shopping. Consumers can access Tingg by dialling *369# or download the app to also create and manage investment groups (chamas)…
Uganda’s central bank on Monday cut its benchmark interest rate by one basis point to 9.00 percent, the first time since October 2018, in a bid to bolster the country’s sagging growth. Emmanuel Tumusiime-Mutebile, the bank’s governor said the benign inflation outlook provided room for a reduction in the policy rate to support economic growth. “Against this backdrop, the BoU has decided to reduce the CBR by 100 basis points to 9 percent.” The bank acknowledged that the economy continues to grow but at a slowing rate. Economic activity seems to have slackened in the first half of 2019 compared…