Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Kenya’s Folk Fusion artist Ayrosh is set to release “MURASTA”, his debut album on 14th June at a concert at Michael Joseph Centre. Mũrasta a 7-track groovy and eclectic EP embodies different impressions of Ayrosh in each song. Ayrosh says, “Murasta is a story of resilience, love, protest and chasing dreams. It’s taken me two years to complete and it has to be my most daring project.” The Tracks will feature Ythera, Kwame and Kipsang. https://youtu.be/52hM4h1VfDI Mũrasta is a collaboration with US-based Record Label – Waithaka Entertainment whilst borrowing the production skills of renown producers such as Brackish, Festus, The…

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Anjarwalla & Khanna (A&K), a Tanzanian corporate and commercial law firm based in Tanzania, acquired ATZ Law Chambers and expanded its leadership team. The firm’s leadership team will include Partner, Geoffrey Dimoso and Director, Shemane Amin who joined in April and February respectively. A&K says its vision to complement its robust local practice with the capability to service clients regionally. “In recognition of the value that our clients have gained as a result of our cross-border collaboration with A&K Kenya, these developments will enable us to strengthen our regional offering by providing greater access to a broader pool of specialist…

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Kenyan online taxi-hailing firm Little has slashed its fares dubbed ‘Ksh 20 Rides’, unveiling a fresh price war among players in the market. The taxi-hailing service Little powered by Safaricom, said that its customers will pay KSh20 per kilometer effective Tuesday, for the Basic Category. “Effective 11th June 2019 you will now enjoy your favorite hailing service at 20 Kenya Shillings per kilometer on the Basic Category and still enjoy all the benefits that come with it,” it announced on Monday. “However please be assured that we would be paying our Drivers full amount so that their earnings are not…

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Michael Joseph’s term as Kenya Airways’ Chairman has been extended for another 3 years after the airline’s shareholders approved his re-election at their 43rd annual general meeting held on Monday. “I want to thank shareholders for showing confidence in me. We are working towards efficient network planning and closure of non-profitable routes,” said Joseph soon after his re-election. The former Safaricom chief executive began his term at the airline in 2016 when he took over from the current Toyota Kenya chairman Dennis Awori. His re-election comes soon after the current CEO Sebastian Mikosz announced that he will be resigning from…

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The Bank of Tanzania (BoT) has frozen exchange of Kenyan bank notes with immediate effect. Through a letter addressed to all financial institutions on Friday, the Tanzanian bank regulator said the Central Bank of Kenya had informed it of assurance of new series of banknotes starting May 31. With a view to combat illicit financial flows and counterfeits into the Republic of Kenya, the Bank of Tanzania has been advised to freeze CBK Currency Collection Account with immediate effect,’’ the memo read. “Consequently, CBK has suspended currency conversion and repatriation of all Kenyan currency to restrict illicit flows into the…

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Safaricom has partnered with the 13th edition of Henry Wanyoike Hope for the Future Run which will be held on Saturday, June 8 in Kikuyu town, Kiambu County. The run has been organised to help raise Ksh 10 million, in-kind and cash that will be used to distribute 200 white canes for visually impaired people across all 47 counties. Safaricom has sponsored this year’s race to a tune of Ksh1 million and is expected to attract over 8,000 participants. “This year our goal is to distribute white canes to enhance mobility for visually impaired people. This will have a positive…

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