Author: Khusoko

poa! Internet, the low cost internet provider service will offer unlimited and free internet for seven days in compensation for outage for its Kawangware consumers. poa! had been experiencing an increasing number of intermittent service issues across Kawangware caused by downtime from its main supplier which was challenged by the scale of growth in poa!’s subscriber base. However, in the process of changing to a new supplier in September, and converting the original supplier to a secondary backup connection, the company left Kawangware customers without Internet for several hours at a time. “At the end of September, however, the installation…

Nairobi has been selected to host the first Organisation of Women in International Trade (OWIT) conference scheduled to take place on October 25. The women entrepreneurs drawn from global OWIT chapters, financial institutions, NGOs and policy makers will create dialogue on issues that make it difficult for women entrepreneurs to access new opportunities and markets and provide suggestions and insights to address these challenges. The 18th chapter of Organisation of Women in International Trade (OWIT) Conference themed “Bridging The Gap; Empowering Businesses’ will comprise a capacity-building workshop on targeting women entrepreneurs who are looking for markets across borders. “We have…

Economic growth in sub-Saharan Africa is slower than expected with the average rate estimated at 2.7 per cent in 2018 up from last year’s 2.3 per cent. This is according to a World Bank findings that the sluggish expansion in the region’s three largest economies, Nigeria, Angola, and South Africa. The report notes that the African region’s recovery from a slowdown in 2015-2016 is in progress but at a slower pace and more investments in non-resource sectors, jobs, efficient firms and workers are needed. “Growth in the region is projected to increase from 2.7 percent in 2018 to 3.3 percent…

Central Bank of Kenya on Wednesday said it had received KCB Groups’ binding offer for the acquisition of assets and liabilities belonging to Imperial Bank Limited (In Receivership) (IBLR). The Central Bank in a statement said this was part of the Expression of Interest (EOI) process that was announced on October 13, 2017. “CBK and KDIC will provide further details to stakeholders as soon as the binding offer has been fully assessed. In particular, a meeting with depositors will be called shortly,” the central bank said in a statement. The CBK further said with a pending case at the High…

Total Kenya has appointed Nigerian Olagoke Aluko as its Managing Director following the resignation of Anne-Solange Renouard. Renouard who effective October 1, 2018, has been at the helm since November 1, 2015, and was previously Managing Director of Total Mauritius from 2012. Aluko who was the General Manager Operations at Total Nigeria Plc took over as Managing Director effective October 1, 2018. Aluko has 17 years of professional experience in the Downstream Oil & Gas sector and joined Total in 2000. He is a graduate from the University of East London and from London School of Economics and Political Science…

Kenya’s private sector activity expanded at a slower pace in September due to cost pressures and uncertainty over new tax measures as per the Markit Stanbic Bank Kenya Purchasing Managers’ Index(PMI). The manufacturing and services fell to 52.7 in September from 54.6 in August. “On the inflation front, higher government taxation and rising fuel bills underpinned the sharpest increase in average cost burdens recorded for seven months during September. The rate of input price inflation was sharp overall,” the survey found. Jibran Qureishi, Regional Economist E.A at Stanbic Bank noted that index averaged 55.6 in the second quarter of 2018…