Kenya’s inflation in September rose to a 10-month high of 5.7 percent from 4.04 percent a month earlier as a result of rising fuel, transport, and food prices, the Kenya National Bureau of Statistics said on Friday. “This was mainly on account of increase in the pump prices of petrol and diesel which triggered an increase in prices of other transport components,” said KNBS in a statement. On a monthly basis, inflation was 1.02 percent from 0.31 percent in August. The Transport Index rose 7.99 percent from a month earlier and was up 17.29 percent when compared with September 2017…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Classic cars, trendy fashion, family fun and great business networks is what will be the hallmark during the 48th Edition of CBA Concours d’Elegance slated for September 30, 2018 at the Ngong Race Course. This annual series has been organized by the Alfa Romeo Owners Club themed “Aladdin and the Magical Rides”. This year’s entries include a 1968 Buick Riviera that has a seven litre engine, eight cars made before 1940, three Rolls Royce and four motorcycles made on and before 1960. Spectators will get to check out the 1925 Triumph motorcycle entered by Dominique Antoine. Peter Giraudo will also…
Ethics is not a financial term and conjures up different images and responses by for different people and different responses. Some in the audience may be thinking: of course, my institution is highly ethical—we have rules! Our legal team always ensures that we comply with all laws and regulations! We won a governance award the other day! Our values are printed and displayed in our headquarters! Our email signature tells the world that we are guided by good principles! Even more, we are renowned for training our staff rigorously on our code of conduct! While all these may be related…
The Central Bank of Kenya (CBK) has announced four new members to its Monetary Policy Committee. They are: Dr. Benson Akong’o Ateng’, Dr. Margaret Kwengwa Chemengich, Prof. Jane Wanjiku Abubo-Mariara and Mr. Humphrey Mugambi Muga. “The new Members bring on board extensive experience in economic policy and banking sector matters, and will, therefore, enhance the MPC’s role in formulating monetary policy,” said the CBK in a statement. They were appointed on August 24, 2018. Dr. Benson Akong’o Ateng’ served in various roles at the World Bank, and is currently the Chairman of the Department of Economics and Development Studies at…
The Capital Markets Authority (CMA) and the Kenya Bankers Association (KBA) have signed a Memorandum of Understanding (MOU) on research, data sharing and stakeholder engagement that will promote the financial sector. The two organizations have committed to champion industry development through advocacy and promoting investor education and Awareness. The low uptake of capital markets products and services will also be addressed through synergies designed to explore how the banking industry, being a major participant in the capital markets, can address both issuer and product dynamics, as well as, identify financing solutions for alternative infrastructure. The KBA Chief Executive, Dr. Habil Olaka…
Sue Petrie and Cristina Graham will lead British Airways’ commercial team in East Africa taking over from Kevin Leung, who has been moved to another role in the airline. Leung was the airline’s country manager for Ghana and Kenya since 2015. Sue Petrie is the regional commercial manager, trade – Southern and East Africa for British Airways and Iberia. She has over 30 years’ experience with British Airways and currently leads trade sales teams in South Africa, Mauritius, Angola and Seychelles. Cristina Graham is the regional commercial manager corporate – Southern and East Africa for British Airways and Iberia. She…