Author: Khusoko

Spanish on-demand delivery app dubbed Glovo has launched its operations in Nairobi enabling its users to purchase any product and have it delivered instantly at their doorstep. Glovo allows users to order anything with a simple tap on their smartphone – be it food or groceries or placing gift orders to send out to their loved ones. In addition to the categories listed in the app, users can request “Anything” orders, in which the courier will pick up and deliver any item from any store in less than an hour. Priscilla Muhiu, Glovo’s Head of Marketing for Sub-Saharan Africa said:…

Kenya’s Director Directorate of Criminal Investigations is investigating the loss of KSh 6964 600 million from the Consolidated Bank of Kenya. The theft was reported to have happened between January 1 -7, 2019 through electronic fund transfers, identity theft, and other forms of fraud. Through a court affidavit stamped on 24 January 2019 by the Chief Magistrates Court, Milimani Law Court and signed by PC Simon Obiero, a Police Officer attached at the DCI headquarters, Economic and Commercial Crimes Unit, he was instructed to conduct investigations into the said matter “where the complainant Consolidated Bank lost money following an authorized…

Kenya’s overall inflation fell to 4.07% a 100 basis points decline from the inflation rate recorded in December. The Kenyan National Bureau of Statistics attributed this to decreased transport cost in the month. “The CPI increased by 035% from 193.51 in December 2018 to 194.18 in January 2019. The overall year on year inflation in January 2019 stood at 4.70%,” said the KNBS in its January inflation report. The transport index decreased by 1.40% mainly due to decreases in pump prices of petrol and diesel. CBA analysts said, “This is the slowest increase in consumer prices since August 2018, when…

Mauritian-based MCB Group with a market capitalisation of $2 billion and assets over $12 billion has opened a representative office in Nairobi to gauge opportunities in the Kenyan market and build strategic relationships. Mr. Alain Law Min, CEO MCB said they want to position the MCB Group as a strong and competitive regional financial hub, leveraging Mauritius as an international financial centre of repute and substance. “We are keen on enriching the appeal and adaptability of our value proposition across markets and segments, whilst upholding organization-wide synergies and collaborative partnerships. We believe we can create and develop fruitful partnerships with…

We are sure all of you Social Media revellers came across the #10yearchallenge this past week where friends and colleagues posted photos of then and now, showing some amazing transformations and progress that 10 years can make. We are able to draw such parallels with shopping in Kenya over the past 10 years, where online shopping has flourished and is the new trend. You are able to get that much needed retail therapy all from the comfort of your own home! That said, it is important that you or your family and friends, stay safe when purchasing items online. We…

The Central Bank of Kenya on Monday held its benchmark lending rate at 9.0% as per analysts expectations. The Monetary Policy Committee said inflation was anchored within the target range. “The MPC concluded that the current policy stance remains appropriate, and will continue to monitor any perverse response to its previous decisions.” However, “Global growth is expected to weaken in 2019, with increased uncertainties with regard to the trade tensions between the U.S. and China, Brexit negotiations, slowdown of the Chinese economy, the partial shutdown of the U.S. government, and the pace of normalization of monetary policy in the advanced economies.…