The International Monetary Fund (IMF) has raised Sub-Saharan Africa’s growth to 3.1 percent in 2018 from 2.7 percent in 2017 and 3.8 percent in 2019. However, “The growth forecast for 2018 is 0.3 percentage point lower than the April 2018 WEO forecast.” Consequently, it has lowered its forecasts for global economic growth in 2018 stating it will expand by 3.7 percent, down from its April estimate of 3.9 percent. Read: Sub Saharan Africa’s growth is Steady but at a slower pace – WB “Rather than rising, growth has plateaued at 3.7 percent. There are clouds on the horizon. Growth has proven…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Telkom Kenya says it is focusing on data to gain market share with the expansion of infrastructure and network growth. “The combination of affordable data options, strong network coverage across the country has enabled us to become the preferred data network,” Aldo Mareuse, the CEO of Telkom said on Tuesday. It has invested close to KSh 9 Billion into its network modernization Programme and about KSh 1 Billion into brand and distribution. “Our customer base hit 4.1 million in July 2018. We are now putting in place an aggressive market engagement campaign, to strengthen our push towards 5 million customers and…
Electronic and appliances dealer, Samsung, has unveiled its high-powered 2018 QLED TV’s in Kenya as part of its strategy to enhance the user experience by giving consumers the option to connect the TV set to their home devices. “The latest QLED TV is most definitely our most innovative yet. The 2018 line up is not only sophisticated for the modern day consumer but also minds the aesthetics of their space. Its features include improved picture quality, design, connectivity, and intelligence, creating a truly limitless TV,” said Samuel Odhiambo, Head of Consumer Electronics, Samsung Electronics East Africa. Features Q Picture –…
Kenya stamped its authority at the World Travel Awards (WTA) with most of its brands across the global travel and tourism industry receiving accolades for their excellent service. Graham Cooke, founder, World Travel Awards, said: “The Durban ICC has reinforced its standing as a world-class entertainment venue on what has been a magnificent evening of travel industry triumph, as well as a highlight of our 25th anniversary. “We have had the privilege of recognising the leading hotels, airlines and hospitality providers from across Africa and the Indian Ocean and my congratulations to each of them.” Ol Pejeta was named Africa’s…
Samsung Electronics Co., Ltd, will be hosting a series of activities for the ongoing Youth Olympic Games Buenos Aires 2018 that help spread the #DoWhatYouCant spirit to a young audience. “The belief that the world holds endless possibilities begins at a young age, which makes it even more important that we support the youth of today who are pushing the limits to #DoWhatYouCant,” said Younghee Lee, CMO and Executive Vice President, Samsung Electronics. “Samsung is committed to the Olympic Movement and we’re looking forward to providing exciting experiences powered by our latest technology to young fans at Buenos Aires 2018.”…
Arabica Coffee beans from Rwanda’s Ngororero Coffee Washing Station won “Best of the Best” and “Coffee Lovers’ Choice” at the Ernesto Illy International Coffee Award. After a series of “blind tastings” by an independent jury of experts and the judgment of a large segment of the public. “It is an honor and a pleasure to reward the Ngororero Coffee Washing Station for this result, as well as all the finalists, because each one of them is actively engaged in the production of the highest quality coffee through sustainable methods”, explains Illycaffè president Illy , celebrating “the enormous dedication, pride and…