Author: Khusoko

President Uhuru Kenyatta said Kenya’s economic growth in 2019 will rise to 6.3% from an estimated 6.1% last year. In a state of the nation address to the National Assembly and the Senate, the President said: “In 2019, we expect an even stronger growth of 6.3%, reflecting continued improvement in the business environment, momentum associated with execution of the Big Four Agenda, and sustained macroeconomic stability.” In 2018, provisional estimates show the economy grew by 6.1% largely driven by the wholesale and retail trade, real estate, information and communication, and tourism. “It is worth noting that, despite the challenges facing…

As part of efforts to ensure its subscribers enjoy an entertaining Easter holidays Pay-TV vendor StarTimes  has reduced subscription rates by half and added six more channels in what was described as ‘extending value for money to our Classic bouquet subscribers’. StarTimes director of marketing Japhet Akhulia said the changes are expected to lead to a stronger subscriber offer in terms of price and content. “We have made strategic improvements by adding six more channels key in extending value for money to our Classic bouquet subscribers,” he said on Wednesday. “These strategic changes are mainly geared towards growing our subscriber…

Public relations agency Ogilvy Africa and its clients won 11 out of 37 awards at the 2019 African SABRE Awards. Its clients include Safaricom, Coca-Cola, Kenya Airways, UNICEF and the Government of Ghana, Kosmos Energy Limited, and Gold Fields Ghana. The firm carried the day in five categories with Chapa Dimba na Safaricom campaign winning in the Marketing to Consumer (New Product) category, BLAZE by Safaricom taking the lead in the Marketing to Consumers (Existing Product) category and Kenya Airways topping the Consumer Products/Services category thanks to the launch of direct flight from Nairobi to New York. Ogilvy Ghana won in…

The Ibuka Program is designed for aspirational companies that are driven by a firm commitment to embrace impactful changes that enhance their growth. Mombasa based real estate listing company, My Space Properties has been admitted at the Nairobi Securities Exchange (NSE) under the Ibuka incubator programme. My Space Properties becomes the fifth enterprise to be admitted in the incubation and acceleration program designed by NSE in 2016 for aspirational companies with growth prospects. “This program will enable Myspace Properties to enhance its growth and accelerate its expansion into a regional real estate company in Kenya enabling it to take advantage of…

A national competition for public and private Kenyan secondary schools will give a Ksh1.5 million scholarship with a special interest in science, technology, engineering and math (STEM). The 1st and 2nd runners up will get Ksh 750,000 and Ksh 150,000 respectively and a laptop each. The competition, dubbed InterswitchSPAK, was announced Wednesday through a partnership between the Ministry of Education, UNESCO, NACOSTI, key stakeholders and integrated electronic payments and commerce company Interswitch. InterswitchSPAK competition gives secondary schools in the 47 counties a chance to nominate their best six Form 3 STEM students for the competition. The competition has been initiated…

The private sector in Kenya contracted in March, in 16 months according to Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) with a score of 51.0. The reading pointed to the weakest expansion in private activity since November 2017 when conditions last deteriorated. “This represented the softest expansion in 16 months, despite new business from abroad increasing sharply.” That’s down from 51.2 in February, Any reading above 50 indicates growth slightly below the PMI rate of 50 that separates expansion from contraction. source: tradingeconomics.com “The drop in the PMI doesn’t really come as a surprise as agricultural productivity is usually…