Author: Khusoko

The European Commission wants a new ‘Africa – Europe Alliance’ to deepen economic relations and boost investment aimed at creating up to 10 million Africa-based jobs in the next five years. “Africa does not need charity, it needs true and fair partnership. And we, Europeans need this partnership just as much. Today, we are proposing a new Alliance for Sustainable Investment and Jobs between Europe and Africa. This Alliance, as we envision it, would help create up to 10 million jobs in Africa in the next 5 years alone,” said President Jean-Claude Juncker. The EU’s foreign policy chief Federica Mogherini…

Kenyan MP Godfrey Osotsi will re-introduce a legislation in the National Assembly that seeks to regulate the Information, Communications and Technology sector. “I am sponsoring the ICT Practitioners Bill. This is very key because we cannot do all these good things when our own industry is not regulated. We want to promote professionalism in the industry. There are so many quacks in the industry. We need a proper legislation and regulation,” said Osotsi, ICT Committee Parliamentary Member during a two days conference on the Framework for Digital Markets in Kenya organised by the Konrad Adenauer Stiftung Kenya and KICTANet a…

President Uhuru Kenyatta has proposed austerity measures and budget cuts aimed at reducing the gap deficit between revenue and expenditure. “These budget cuts ask all of us in government to tighten our belts. It also ensures that the sacrifices made by tax compliant Kenyans are matched by discipline,” said the President in a televised address from State House, Nairobi. The President on Thursday rejected the 2018 Finance Bill that wanted the implementation of the 16 percent Value Added Tax on petroleum products for another two years. “The Finance Bill 2018/19 brought to me yesterday (Thursday) fell short of this threshold.…

Africa Logistics Properties has unveiled its first 49,000 sqm of modern Grade A warehousing facility at Tatu City. The Ksh 10 billion investment which targets large logistics and distribution firms is 75 percent pre-leased. “The near-complete uptake of ALP North prior to launch speaks to the scale of the warehousing shortage in Kenya. But it also demonstrates that real estate requires developers to concentrate on the genuine areas of market need,” said Toby Selman, CEO of ALP. During the event, Susie Kitchens, British Deputy High Commissioner, Kenya welcomed the investment  “Your vision, to create a Pan-African portfolio of modern warehouses that…

Fanisi Capital has entered into an agreement to invest up to KSh400 million in Kitengela International School (KISC) with an initial Sh205 million investment. Fanisi Capital’s Co-Managing Partner and Chief Executive, Ayisi Makatiani, said the school fits into the firm’s investment portfolio with its ambitious growth strategy to triple student population from the current 1,000 and open two more schools over the next five years. “We are on a journey to build centers of academic excellence and expand their footprint,” said Makatiani during the organisation’s investor briefing. “We are in the final stages of fund-raising for Fanisi Capital Fund II,…

When you hear that a company has been “placed under administration,” it doesn’t mean the business is dead. It means the company is in financial distress—and someone has stepped in to try and save it. Let’s break it down. First, what is administration? Administration is a legal process that kicks in when a company is unable to pay its debts. Instead of shutting down immediately, the law allows the business to pause, reorganise, and possibly recover. A licensed expert, called an administrator, is appointed to take control. Their job? To figure out the best way forward. That could mean: Keeping the…