Author: Khusoko

The Treasury raised Ksh 38.5 billion against a target of KSh40 billion in its two- and 15-year bonds on Wednesday auction for budgetary support. According to economists, the 2-year and 15-year results came within market expectations with the average for the 2-year falling at 10.701% while that of the 15-year came in at 12.857%. Cytonn Investments also expected similar auction results, “Treasury bonds with the same tenor (2.0-years and 15.0-years) are currently trading at a yield of 10.7% and 12.6% respectively. We expect bids to come in at between 10.7% – 10.9% and 12.6% – 12.8% for the 2-year and…

Legendary Zimbabwean musician Oliver Mtukudzi has died at the age of 66.

Cane farmers under their umbrella lobby group, Sugar Campaign for Change (SUCAM) are opposing the proposed amendments to the agriculture and food authority act 2018 that seeks to introduce cane zoning. According to SUCAM, the proposed law is designed to benefit private millers at the expense of government-run sugar companies. As a result, it would require an express waiver by the Competition Authority. Farmers will be forced to conform to the price set by their local enforced mill, which is a breach of the Competition Act that prohibits restrictive trade practices and anti-competitive agreements. “Forcing farmers to sell to a…

Safaricom Digital Academy aims to enable Kenyans to take advantage of the opportunities available for the next digital market space. “We have been in the business of building radio networks, and selling voice, data and fintech services for the past 18 years and have developed the best skills in this part of the world,” says Thibaud Rerolle, CTO at Safaricom (Vodafone group). “But tomorrow will be different in a world driven by AI, 5G and Digital. As leaders, we have a responsibility to create bridges to a meaningful future for our employees and avoid dead-end careers driven by the obsolescence…

Equity Group Holdings Plc Chief Executive Dr. James Mwangi has been appointed to the Columbia Global Centers – Nairobi Advisory Board. He will work with the board to steer the Centre on pertinent regional matters and emerging issues such as leadership, technological advances and higher educational advances in the region. Dr. Lee Bollinger, President of Columbia University noted the vast opportunities in the region called for synergy as part of the university’s long-term ambition to engage in global conversations. “We believe Dr. Mwangi’s experience in the region as well as wealth of knowledge will be instrumental to this advisory board…

Dutch impact investor Goodwell Investments has made a $2-million investment in Copia, an e-commerce business that specializes in supplying products and services to currently underserved consumers in rural Kenya. According to Copia’s chief growth officer Nikki Germany, they will use the investment to increase the geographical footprint of its services to low-income consumers in the country. The firm supplies products and services to “Base of the Pyramid” (BoP) consumers using technology and a network of over 3000 local agents to deliver goods and services to about 40 000 underserved consumers in rural Kenya. Pre-paid orders take on average only two…