Author: Khusoko

African digital music platform Mdundo celebrated its six years anniversary this month reflecting the milestones achieved. Mdundo’s CEO Martin Nielsen on his Linkedin page recalled that when they began on 24th September 2012, only nine people were visiting Mdundo.com. “Yesterday (Tuesday) alone we had 200,000 people from across Africa and the world using our music service! He added, “It has been an awesome and exciting journey and I have been lucky enough to have the most amazing team with me. I am very proud of the milestones we have reached, just to mention a few: (1) The coolest African library with…

Over the last few years, the demand for an easily accessible warehouse in Kenya has grown exponentially. This is being driven by the rise in demand for the storage of perishable foods, expansion of retail channels, and growing food safety concerns. The growth of online selling platforms such as Jumia, Kilimall International, Masoko, Aladin, Pigiame, Africa Sokoni among other has created the need for warehouses that are easily accessible to serve clients who expect a predictable, reliable delivery. Moreover, the new standard gauge railway which can handle more than 1200 feet counters per day has upsurged the warehousing needs. Warehouse…

Kenya’s foreign exchange reserves remain stable, the Monetary policy Committee said on Tuesday attributed to a continued narrowing in the current account deficit and balanced inflows. Data from the CBK shows that the current account deficit narrowed to 5.3 percent in the 12 months to July from 5.6 percent in June 2018. Read: MPC Rate Meeting: Analyst Views on What to Expect The regulator expects it to ease further to 5.4 percent by December 2018 “ with a strong performance of agricultural exports particularly tea and horticulture, resilient diaspora remittances and improves receipts from services particularly tourism.” In the first six…

The 2018 Impala Floodlight rugby tournament has received a major boost days before the start of the rugby event. Safaricom Youth Network Blaze will sponsor the tournament now in its third year with 1.8 million. “We see great potential in the youth that is just waiting to be tapped. Sponsoring Floodies not only elevates the sport by providing financial and non-monetary assistance, it provides valuable opportunities for young players to showcase their skills, passion, and grit,” said Charles Wanjohi – Interim Director for Consumer Business, Safaricom. The sponsorship complements BLAZE’s ongoing thematic campaign, G.R.I.T., which stands for Greatness Requires Internal…

Kenya now boasts in having the longest railway tunnel in East Africa and second in Africa after South Africa. China Construction Company on Monday announced the successful drilling of the 4.5km tunnel at Embulbul in Kajiado County. This is the first of the three sections of the 7.14 km SGR tunnel expected after the completion of the second phase of the standard gauge railway running from Nairobi to Naivasha covering a total distance of 120 km. The 4.5 Ngong tunnel is designed as a single track railway tunnel comprising of three sets: a 4.5 kilometer stretch with a buried depth…

Kenya’s Monetary Policy Committee (MPC) is expected to retain its benchmark interest rate at 9.0 percent at its meeting Tuesday. Most financial analysts are in consensus that the regulator needs to ‘hold’ as it takes a wait-and-see approach. According to them, inflation is expected to tick up moderately with the enactment of the Finance Bill 2018 and uncertainty on the currency persists despite its resilience. They also state a stable macroeconomic environment. “We no longer expect a rate cut, from 9.0 percent, in September because of upside risk to inflation,” said Yvonne Mhango, Renaissance Capital, Sub-Saharan Economist. Genghis Capital analysts…