“We are better off with a strong Shilling because our import to export ratio is around 3 to 1 and therefore, we are better off keeping a lid on prices via a strong currency.” Alykhan Satchu. While policymakers insist on a sustained optimism on Kenya’s economic growth prospects, analysts are wary of what is happening though with mixed sentiments. This is coupled with increased uncertainties in the global financial markets that has made the Kenyan Shilling (KES) fall by 0.1% against the US Dollar to close at Kshs 101.9, from Kshs 101.7 recorded the previous week, attributed to increased dollar demand…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The adoption of simple technologies to produce clean, alternative and easily accessible renewable energy from biomass is changing many communities livelihoods. George Kariuki, a dairy farmer in Karatina town, Kiambu County demonstrates that biogas technology can produce clean energy from cow dung. He says his cost of farming has reduced significantly. “Sistema biogas system is more efficient and produces more gas, enough for my household and organic fertilizer for my coffee farm. I therefore appreciate the quick customer service that Sistema offers,” says Kariuki. Kariuki is one of the community members using the Sistema Biobolsa, a company that constructs biogas…
Public transport was paralysed on Monday across the country over the withdrawal of matatus over the enforcement of Michuki rules. On Saturday, the Federation of Public Transport Operators chairman Edwin Mukabana keeping off the roads will help them align with the traffic guidelines. “The vehicles will be withdrawn from roads so that we do not find ourselves on the wrong side of the law,” Mukabana said. This was in response to Interior Cabinet Secretary Fred Matiang’i and Mr. James Macharia who in Friday directed police to enforce the “Michuki rules” from Monday. “We will stage a sustained countrywide crackdown on…
National carrier Kenya Airways will start weekly flights to Tel Aviv in March next year, according to the Kenya Association of Travel Agents. Israel spokesman Emmanuel Nahshon said discussions between Nairobi and Tel Aviv have been concluded and it is now up to KQ to decide when to start. “There is a great deal of political and tourist importance in the African market. The entry of Kenya Airways into Israel will further improve ties with Kenya and Africa in general,” Nahshon told the media. Read: Traveling from Kenya to South Africa made easy with multiple entry visas KQ Begins direct,…
“Openness brings progress while seclusion leads to backwardness.” – President of China Xi Jinping Kenyan farmers will now be able to export their agricultural products to China after they signed a formal agreement. “After a week of delicate negotiations, formal sanitary and phytosanitary agreements have been signed between Kenya and China for Kenya‘s Agriculture produce to enter the Chinese market,” Nzioka Waita, State House Chief of Staff tweeted on Friday. The country will now export avocados, french beans, mangoes, peanuts, and hides and skins. Other products include legumes, vegetables and fruits, herbs, meat, bixa, macademia nuts, gum Arabica, myrrh and Asian…
Telkom Kenya has appointed Mugo Kibati as its Chief executive taking over from Aldo Mareuse. Eddy Njoroge, the chairman of the Board said Mareuse was moving on to pursue other interests having led the company from mid-2016. “The Board is very grateful to Aldo for his leadership of the company over the last three years,” said Eddy. “We wish him the very best in his future endeavours.” During his tenure, Mareuse is credited with the expansion of the company’s network by over 50%, successful rebranding of the company to Telkom and rolling out of a 4G network. Kibati who is…