The Kenya Urban Roads Authority (KURA) will close the overpass at GSU headquarters at the junction of Thika Super Highway and Outeri ang Road for three months. The closure which will begin Monday 22 April until July 2019, will facilitate it’s construction to improve traffic flow at the overpass. “Thee Public is hereby notified that the Contractor shall close the overpass at GSU Headquarters as from Monday, 22nd April, 2019 till Thursday 18th July, 2019 (three months),” the statement read in part. Kura said alternative routes available for the motorists include: Thika bound traffic from Outering Ring Road will use Right…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The key boon of manufacturing is that it absorbs large swaths of workers and places them into productive and decent paying jobs. Manufacturing also opens avenues for new ventures by creating strong value chains to support main production. Small and Medium Enterprises (SMEs) are a crucial part of manufacturing in this country, due to their role in creating employment and bringing about innovation in the sector. A recent National Economic Survey report by the Central Bank of Kenya (CBK) indicates that SMEs constitute 98 percent of all business in Kenya, create 30 percent of the jobs annually as well as…
AI has the potential to enhance productivity and growth by expanding opportunities in key sectors for Kenya and the wider continent. Microsoft together with the Strathmore University and Access Partnership have launched the white paper for it’s Artificial Intelligence (AI) Africa program in Kenya. The whitepaper titled ‘An Opportunity for Growth, Development, and Democratisation’ was unveiled at the Microsoft Policy Innovation Centre, at Strathmore University Law School, aims to explore how Kenya can make optimum use of AI, to positively impact economic and social growth, development, and inclusion. “Through providing workers, entrepreneurs, and organisations with access to high-quality digital tools,…
The Nairobi Securities Exchange lifted the trading halt of KCB Group and National Bank of Kenya Thursday afternoon “Following receipt of notice from KCB of its intention to acquire all the ordinary shares of NBK.” In its Notice of Intention, KCB stated that “We intend to acquire 100% of the ordinary shares with a par value of Kenya Shillings Five KES 5:00 (the offer shares) of National Bank of Kenya limited (NBK).” According to KCB Group, the offer shall be way of a share swap of 10 ordinary shares of NBK for every 1 ordinary share of KCB. “In all…
Kenya’s biggest lender by assets, KCB Group and National Bank of Kenya (NBK) have been suspended from trading their Shares on the Nairobi Securities Exchange. “This is in line with clause 9.4.2 (ii) a, of the NSE Equity Trading Rules,” said the NSE in a public Notice as they ‘await material disclosure from NBK affecting the two counters’. 9.4.2 Security Halts The Exchange may temporarily halt trading in one or more securities in the following circumstances: i. Upon the request of the Authority; ii. By the Exchange: a) prior to obtaining a clarification from the company on a report regarding…
Telkom Kenya has appointed Steve Okeyo Managing Director for its Mobile Division, taking over from Amer Atwi, who has left the telco. “Steve joins Telkom at a very exciting phase, bringing with him vast experience and a proven track record in strategy, sales and operations. There is enormous opportunity at Telkom that lies ahead and Steve’s addition to the family will add to the talent pool that is geared to drive our next phase of transformation,” said Telkom CEO, Mugo Kibati. Steve is the former Director for Regional Sales and Operations at Safaricom, where he led various teams to…