Author: Khusoko

President Uhuru Kenyatta has said the government is working on innovative ways of delivering affordable houses to Kenyans. He said the government has embraced new building technologies and is actively involving the private sector as a key partner in the delivery of one of the key promises of his administration’s Big 4 Agenda. He said traditional approaches to the housing challenges have failed to keep up with the rising demands for decent shelter as the population expands. “So we are keenly focused on the manner in which we improve the provision of this service,” the President said. The President spoke…

Telkom, an integrated telecommunications provider in Kenya, has expanded its 3G and 4G networks into Nairobi, Nakuru, Eldoret, Mombasa and Kisumu aimed at improving its mobile connectivity to previously underserved towns and urban areas, that form part of it’s expansion roadmap. This is part of the telco’s network modernisation and infrastructure expansion programme that began in 2016, has seen the telco launch its 4G network, progressively, to more than 30 towns and urban centres across Kenya. Data from the Communications Authority for the quarter ending December 2018, for the financial year 2018/2019, shows the country’s mobile Internet penetration rate stood…

The Nairobi Securities Exchange (NSE) will start operating a derivatives market aimed at boosting its liquidity on the bourse. On Wednesday, the Capital Markets Authority (CMA) issued the NSE a license authorisng the bourse to offer investors Equity Single Stock Futures (SSF) and Equity Index Futures (EIF) and later introduce other financial and commodities derivatives. “The Derivatives Market will facilitate deeper and more liquid capital markets and position Kenya closer to becoming the Heart of Capital Markets Investment in Africa, as envisioned in the Capital Markets Master Plan’, noted CMA Chief Executive, Mr Paul Muthaura. This follows the successful completion…

Naspers, a multinational internet and media group headquartered in South Africa plans to list in Amsterdam on July 17. Naspers said it will own at least 73% of the Amsterdam-listed entity retaining its primary listing on the JSE and a secondary listing on A2X. It would also not lose its inclusion in JSE indices and would directly own Media24, Takealot and Property24. READ: South Africa’s Naspers Eyes being Europe’s Global Consumer Internet Company by Asset Value Bob van Dijk, CEO Naspers said, “The planned listing of our international internet assets on Euronext Amsterdam is progressing well, and we believe that…

CO-BE Nairobi, Kenya’s design label, has transformed into a new fashion under BOGUK. The new brand, BOGUK, reflects its 8-year growth since its launch in 2011 from pure leisure look to life wear look. “For over 8 years, and many styles later, we have finally found an aesthetic that would compliment all body types. We don’t design for size, we design for personality,” says the company. Bevern Oguk, founder at Boguk says the transformation is a result of the dynamics in the company’s, “Aesthetics, systems, and products, we are changing from a pure leisure brand to a more life wear…

Lawrence Masira, a 12-year-old Kenyan herdsboy, has been unveiled as the Visa Players Escort Ambassador for the forthcoming Africa Cup of Nations (AFCON) tournament scheduled for 21 June to 19 July 2019 in Egypt. https://twitter.com/VisaKenya/status/1133283629864558592 “I’m so happy to be going for the 2019 Africa Cup of Nation, it’s a dream come true for me. I love playing football and to have a chance to be in Egypt is just an amazing experience. I will be happy to see our Harambee Stars play against Egypt because I like watching Mohamed Salah. My other favourite player is Ozil of Arsenal,” said…