Little Cab, a ride-hailing app has said its riders can now hail a taxi by sending their location to a Whatsapp number. The taxi-hailing service Little powered by Safaricom, says “No need to download Little App, or register yourself. We believe we are the first one in the world to hail a cab right from WhatsApp.” “All a taxi rider needs to do is save our number 777000777 and share their location through WhatsApp. Once this happens one will automatically be connected to a driver near them. At the end of the trip a customer will also receive a message…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The Kenyan secondary market is expected to remain subdued this week after it declined 39.2% last week to Ksh 8.2 billion attributed to the wait-and-see approach adopted by investors ahead of the primary bond auction this week and as clarity surrounding the rate cap emerges. During the week, the Finance and National Planning Committee of Parliament opposed the proposal by the National Treasury (under the Finance Bill 2019) to have the ceiling on lending rates lifted. “To this end, credit growth has stunted below 6.0% in the last two and a half years and may remain muted as appetite for…
Petrol and diesel prices were increased marginally across major cities in Kenya, but a reprieve to consumers who use kerosene, whose price has dropped. The Energy and Petroleum Regulatory Authority (EPRA) Saturday increased the price of a litre of super petrol by KSh 0.28 and that of diesel by KSh 2.44, citing a fall and a rise in the landed cost of the two commodities respectively. The price of kerosene has been dropped by KSh 3.31 per litre. Super Petrol, Diesel and Kerosene will now retail at KSh. 112.81, KSh. 103.04 and KSh. 100.64 respectively in Nairobi beginning 15 Sept.…
Kenyan actress Lupita Nyong’o and Danai Gurira will star in a limited series based on Chimamanda Ngozi Adichie’s best-selling novel ‘Americanah’ ordered by HBO Max. https://twitter.com/WarnerMediaGrp/status/1172592930135166982 “‘Americanah’ has been a passion project for me since I read Chimamanda’s beautiful novel in 2013,” Nyong’o said in a statement. “It’s a tale that is simultaneously timely and timeless. HBO Max is the perfect partner to bring this profound and celebrated story to life, and I’m thrilled that Danai will bring to the project her intelligence, wit, and understanding of the stories and the worlds of ‘Americanah.’” https://twitter.com/Lupita_Nyongo/status/1172637795589877760 Americanah tells the story of…
NIC Bank Limited has been admitted as a Non-Executing Member to the Nairobi Securities derivatives market (NEXT) as a non-executing member. The admission will enable NIC Bank to offer custodial services to investors looking to participate in the derivatives market besides facilitating settlement of derivatives trades for custodial clients. “The admission follows the bank’s fulfillment of the NSE’s Derivatives Market membership criteria,” said NSE in a statement. NIC bank has been offering custodial services for the last 15 years to pension schemes and provident funds, unit trusts, and high net worth corporates.
Dubai-based hotel management company Aleph Hospitality has signed a franchise agreement with Marriott International for a new Protea Hotel in Kisumu, Kenya. Kisumu is Kenya’s third-largest city. Aleph Hospitality will operate the new-build property on behalf of the asset owner, Bluewater Hotels and it is scheduled to open in January 2022. Bani Haddad, Founder and Managing Director of Aleph Hospitality, said: “As Aleph Hospitality continues to expand across Africa and the Middle East, we are delighted to once again collaborate with Marriott International, following the signing of Four Points by Sheraton Monrovia earlier this year.” Edward Guda, Managing Director, Bluewater…