Kenya’s Director of Public Prosecution Noordin Haji has called on all stakeholders in financial institutions and banking sector to work together to strengthen the fight against mobile money fraud and cybercrime. Speaking during a forum that brought together stakeholders in banking and financial sectors, Haji noted that there was need to fortify governance and law enforcement to fight crime. “There is need to include critical components of mobile money and fraud prevention strategy in order to collaboratively fight this crime which is evolving by the day,” said Mr. Haji. He noted that while all measures have been put in place…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Control Risks, the specialist global risk consultancy says that a US policy of China containment is set to emerge as a pillar of the new world order in 2019. The US-China dynamic tops Control Risks’ list of Top Five Risks for business in 2019. The forecast comes in Control Risks’ annual RiskMap, a political and security risk forecast for business leaders and policymakers across the world, published Tuesday. Richard Fenning, CEO of Control Risks, said: “In 2019, what started as a trade war will ultimately harden into a more permanent stance. The confrontation on trade between the United States and…
YZ-ME International, sanitary product’s dispenser Kenyan startup won Ksh 1,000,000 capital injection for her business at the 2018 Sinapis Business Plan Competition. Ms.Lynda Njeru, the co-founder on receiving the seed money for the business said, the inspiration to begin YZ-ME began on a long haul flight during which she urgently needed a sanitary pad and was unable to easily find anything. Lynda decided to start a company that provides sanitary products, wipes and baby diapers in small quantities via vending machines. https://twitter.com/sinapisgroup/status/1071423374541381632 This was the 5th business competition being organised by Sinapis hitting 1,000 SMEs who have been trained since inception.…
The Nairobi Metropolitan Area serviced apartment sector posted strong performance growth at 80% occupancy rate in 2018, compared to 72% recorded in 2017, according to research from Cytonn Investments. Cytonn’s analysis of the serviced apartments market performance in 2018, “Overall, serviced apartments recorded improved performance with the average rental yield coming in at 7.4%, which is 2.1% points higher than 5.3% recorded in 2017.” Other factors included the stable political environment and improved security, making Nairobi an ideal destination for both business and holiday travelers. …
I first want to thank the International Commission of Jurists, Kenya Chapter, for conferring this honour upon me. It is an honour I do not take as a personal contribution, but as a collective contribution of the Judiciary of Kenya to the advancement of the Rule of Law. Since the promulgation of the Constitution of Kenya, 2010, several judicial officers have borne the brunt of other arms of Government due to judicial pronouncements arising from the decisions regarding the interpretation and the application of the Constitution. In my respectful view, a great deal of these criticisms arise from the fact…
Qatar Airway’s maiden direct flight to Mombasa landed on Sunday with 100 international holiday-makers on board. The new four-times-weekly service will be Qatar Airways’ second Kenyan destination, in addition to existing flights to Nairobi. The airline’s flights between Doha and Mombasa (MBA) will be operated with an Airbus A320 with 12 Business Class seats and 120 Economy Class seats, from December 11 with a flight time of just over six hours. Mombasa Trade, Tourism and Investment executive Fawz Rashid said “We should all work closely together to expand complementary transport links and connectivity. This will make destination Mombasa and our region…