Author: Khusoko

Consumer prices in Kenya rose in July at the fastest annual rate in three months. Annual inflation rose to 6.27% in July from 5.70% the previous month, according to Kenyan National Bureau of Statistics on Wednesday. This was attributed to a rise in prices of food and transport costs. source: tradingeconomics.com READ:  Kenya July Inflation to Rise but Will Remain Within 7.5pct Target The cost of maize grain and loose flour, beef with bones, carrots, and onions increased by 0.52, 1.33, 0.23, 6.81 and 1.19 per cent respectively outweighing the reported 1.04 percent decline in the food and non-alcoholic drinks…

Holiday Bazaar, a destination management firm for cruise and travel planners in East Africa, has launched its first fully-fledged and flagship cruise shop in Kenya. The tailored offering will provide cruise travel packages specifically targeting the Kenyan traveller, from some of the most renowned cruise liners globally. Nishma Shah, of Holiday Bazaar, said: “We see a huge demand for cruise tourism domestically. Kenyan travellers cannot get enough of the experience. With a 99.9% satisfaction guaranteed, it makes for an attractive holiday package regardless of age. With our expertise in understanding the local market coupled with our unique partnerships with the…

Kenya’s inflation is projected to rise by 6.0% in July mainly on lower base effects but to remain with the 2.5% – 7.5%, target range. “Traditionally, interest rates track inflation movements due to the need to compensate investors for the erosion of returns as well as the implication for policy action. Even then, inflation reading for July is likely to have little implication for the yield curve as liquidity remain dominant and preference for sovereign risk intact,” says Commercial Bank of Africa analysts in their Weekly Fixed Income Report – 29th July 2019. June inflation rose to 5.7%  from 5.5%…

Fairmont the Norfolk, Nairobi’s luxurious hotel is showcasing a week-long of African Art exhibition dubbed ‘African Inspiration’ featuring a unique collection of rare and valuable tribal arts curated by Lisa Christoffersen. Lisa is an Interior Designer with a succinctly African Aesthetic, and a keen appreciation of functionality. She has made a successful career as an interior designer, an expert in African tribal arts, as organiser and hostess of exclusive bush trips, and as the author of the very successful book Bushfriendly Tips for Girls (Boys Too!!!), currently in its second edition. During the week, African Artworks ranging from paintings, carvings…

Millicent Onyonyi has been appointed Ola Energy’s (formerly OiLibya) new General Manager for Kenya, replacing Duncan Murashiki after his tenure. “Ms.Onyonyi will steer Ola Energy’s strategic agenda and business strategy 2018-2021 new strategy that is hinged on rebranding the retail network and boosting growth.   She will play a pivotal role in driving the brand’s commitment to be one of the key downstream players in the market by providing high-quality products and services at the convenience of its current and new customers,” said the firm in a statement on Tuesday. Ms. Onyonyi brings on board extensive experience from the Energy sector…

Regional low-cost carrier, Jambojet plans to increase its frequencies to the Coastal towns of Mombasa, Ukunda (Diani) and Malindi next month (August). The move is expected to improve its passenger service and tap into the high demand from customers with 48 weekly flights to Mombasa up from the current 40. Ukunda and Malindi will have three additional weekly flights moving the frequency to twice daily. Jambojet chief executive, Mr. Allan Kilavuka said, “August is a peak season, which means increased numbers of passengers are flying to our various coastal destinations. We are responding to our customers’ demands for these additional…