Author: Khusoko

Kenya’s Diaspora remittances rose by KSh21.6 billion in August, pushing the annual diaspora remittance to a new high of KSh255 billion. Monthly average inflows rose to KSh 21.2 billion in the 12 months to August 2018 from KSh15 billion over a similar period in 2017, representing 41.3 percent growth according to the latest data from the Central Bank “In terms of the source market, remittances from North America remained dominant and accounted for 51.6 percent of total inflows in August 2018, while inflows from Europe and the rest of the world accounted for 33.2 percent and 15.2 percent, respectively.”   In…

Kenya Airways (KQ) marked a milestone by becoming the first airline in East Africa to offer direct, non-stop flights from Jomo Kenyatta International Airport, Nairobi to John F. Kennedy International Airport, New York on Sunday. KQA002 began the 16-hour flight at 10:55 pm and is scheduled to arrive at JFK Airport at 6:40 am. “We are proud to be the first airline in East Africa to offer non-stop flights between Kenya and USA,” Sebastian Mikosz, KQ Group MD & CEO. https://twitter.com/KenyaAirways/status/1056426431281065984 “The non-stop flight between Nairobi and New York will open up opportunities for investment, tourism and other business opportunities…

Spanish fashion house Mango, a top international fashion retailer opened its mega-store at Westgate mall as part of its expansion in Africa. Said CJ Bak, Director of Spanish Fashion says the demand is high from Kenyan consumers for the latest global trends, at an affordable price. “Kenyan customers tell us they are starved of fashion choices at affordable prices.  Existing options are either low-cost and basic or extremely expensive and out of reach for most Kenyans.  Mango offers customers the latest trends at accessible prices, with new looks on the shelves every few weeks.” The Kenyan store is stocked with…

The KCB Group Plc Board has appointed Andrew Wambari Kairu as its new Chairman with immediate effect taking over from Ngeny Biwott who has chaired the Group Board since 2013. KCB Group CEO Joshua Oigara said the Group is looking forward to Kairu’s leadership in the lender’s growth agenda into the future. “He has extensive business and technical experience that is aligned and central to KCB transformation journey into the future,” said Oigara. Kairu has over 20 years of executive experience in the financial sector, with extensive experience in banking.  Prior to his appointment, he was an Independent Non-Executive Director…

In 2017, Kenya announced visa on arrival for all Africans to enhance free movement of people, spur economic growth and development as well as promote Intra-African trade. “The freer we are to travel and live with one another, the more integrated and appreciative of our diversity, we will become. The political balkanization that risks our mutual security, the negative politics of identity, will recede as our brotherhood expands to embrace more Africans,” announced President Uhuru Kenyatta. On the other hand, it is not easy for African citizens to gain entry in Kenya according to Rebecca Enonchong, founder and Chief Executive…

Safaricom Wednesday unveiled ‘18For18’ for its mobile customers as it marked its 18th Anniversary Safaricom (NSE:SCOM) Kenya’s leading telecommunication has launched a month-long ‘18For18’ offer for its mobile customers who will enjoy 18 minutes of talk time every day for only Ksh 18 to make calls across local networks for Ksh 1 per minute up to 12th December 2018. “This promotion will run up to Jamhuri Day, and each customer will be able to redeem this offer once a day,” said Ms. Sylvia Mulinge, director in charge of special projects at Safaricom. The announcement was made on Wednesday as the…