Equity Group on Monday launched a five-day roadshow for its investors and partners in Kenya and the Democratic Republic of Congo (DRC) to highlight trade and investment opportunities in the two countries. The Kenya-DRC Investment Roadshow, which commenced in Nairobi, will end on July 22, allowing investors to expand their networks in the two markets. Equity Group Managing Director and CEO James Mwangi said that through the lender’s Africa Recovery and Resilience Plan and the $7 billion (KSh990 billion) fund, the Group had demonstrated its commitment to championing sustainable investments that foster economic growth and wealth creation across various sectors…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The Kenyan shilling is expected to experience further pressure, leading to speculation about whether the central bank will take action. Since the beginning of the year, the shilling has already weakened by 14.6% against the US dollar. The Kenya shilling depreciated by 0.3% against the US dollar to close the week ( 14, 2023) at Kshs 141.4 from Kshs 140.9 recorded the previous week. According to Cytonn Investments, the depreciation was partly due to the persistently high dollar demand from importers, especially in the oil and energy sectors. On the other hand, EFG Hermes Research projects that the Kenyan currency…
Kenya’s Ministry of Information, Communications, and Technology has proposed the removal of the 30% local shareholding requirement for foreign ICT companies. The National ICT Policy Guidelines, 2020, gazetted under Section 5(4) of the Kenya Information and Communications Act (KICA) (No.2 of 1998), currently require all licensees to comply with the 30% local shareholding provisions within a 3-year grace period. The proposal to delete the equity participation subsection under Section 6.2.4 on Market Rules from the National ICT Policy Guidelines, 2020, is part of the government’s strategy to develop and promote the ICT sector in order to spur investments and create…
Nairobi Street Kitchen in Westlands hosted the Nairobi Beer Festival 2023 on July 8–9, treating beer enthusiasts to an extraordinary experience of beer, food, and fashion. At the Nairobi Beer Festival 2023, attendees were welcomed with a perfectly chilled Guinness. Expert Guinness ambassadors demonstrated the meticulous technique required to serve the drink with precision and finesse. Consumers enjoyed a Guinness that was fizzing with energy, with subtle notes of coffee perfectly balanced with the sweetness of chocolate. All while being immersed in the sounds of Nairobi’s top DJs. https://twitter.com/David_Indeje/status/1677747708004646913?s=20 This truly celebrated the brand’s rich heritage and unwavering commitment to…
Jubilee Health Insurance’s Afya Mashinani Initiative has concluded its transformative medical drive, reaching over 5000 individuals in Nakuru County. The community-focused program aimed to extend accessible healthcare services to underserved populations, delivering essential medical services, education, and other healthcare support. During the week-long activation, which included a free medical camp held in partnership with The Aga Khan University Hospital, Nairobi, over 3000 participants attended, seeking medical consultations, screenings, and health assessments. Over 1700 individuals in Nakuru County received free medication, while about 1300 individuals received vital COVID-19 vaccinations. “We are thrilled with the results and impact achieved through the Afya…
High Court Judge Mugure Thande declined to lift the suspension of the Finance Act 2023. The judge ruled that the petitioners have a valid case and that lifting the suspension would cause harm to the public. “Upon evaluation of the submissions, I have no difficulty finding that the petitioners have established a case with a probability of success,” High Court Judge Mugure Thande said. The case will now be heard by a three-judge bench appointed by Chief Justice Martha Koome. The suspension was challenged by Busia Senator Okiya Omtatah, Eliud Matindi, Michael Otieno and four others, who claimed that the…