The International Monetary Fund (IMF) finally approved a disbursement of $28.5 million ( KSh32 billion) to Kenya. The funds are aimed at supporting Kenya’s program to address debt vulnerabilities and response to the Covid-19 pandemic and at enhancing governance. The funds are as a result of the completed second review of the 38-month Extended Fund Facility (EFF) and Extended Credit Facility (ECF) – funded program. The disbursement brings the total support from IMF to Kenya to USD 984.0 million (Ksh 109.8 billion) in 2021. “The Kenyan authorities remain firmly committed to their economic programme in a challenging environment. The programme…
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.
GOtv, a low-cost digital pay-TV has embarked on an expansion drive investing in its signal coverage in coverage with an aim of owning a total of 30 transmission sites in Kenya by March 2022. A subsidiary of Multichoice, it says it will launch four new sites in the coming months after commissioning its 26th transmission site in 26th site that GOtv has commissioned Bomet Thursday. This follows the Nanyuki site which was launched on Tuesday 14 December. The new site will boost GOtv reception in Bomet town and adjacent areas including Silibwet, Tenwek, Longisa, Merigi, Motigo, Aisaik, Chebole Kapsoiya and…
Over one-fifth of the population in Africa did not have enough to eat in 2020, the United Nations said Thursday, which is 46.3 million more than in 2019. This has largely been attributed to conflict, climate change and economic slowdowns such as the Covid-19 pandemic. For instance, the report states that real gross domestic product in Africa fell by 2.1 per cent in 2020, primarily due to the Covid-19 pandemic. “This deterioration continues a trend that started in 2014, after a prolonged period of improving food security. In addition to hunger, millions of Africans suffer from widespread micronutrient deficiencies, while…
Internet and mobile broadband penetration across both urban and rural areas would ultimately lead to reduced cost of data enabling affordable access at a fast pace.
Amazon Web Services, Inc. subsidiary of Amazon will launch its services in Kenya in 2022. Amazon Web Services offers reliable, scalable, and inexpensive cloud computing services. Free to join, pay only for what you use. Other countries that AWS will be available through its Local Zones in 2022 include the Philippines, Poland, Portugal, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Czech Republic, Denmark, Finland, Germany, Greece, India, Kenya, Netherlands, Norway and South Africa. “I’m very excited to announce that we will be expanding the local zones internationally across the world in Europe, South America, Africa, Asia and Australia,” Amazon CTO…
Athi River Mining Cement PLC is now under liquidation after two years of being in administration. This follows the appointment of the company’s administrators as liquidators. ARM Cement was placed under administration in August 2018. Also, its shares are currently suspended from the Nairobi Securities Exchange (NSE). They last traded at KSh5.5 (82.8%) below the lowest stock option exercise price of KSh32. However, with the liquidation process set to commence, the company will be delisted from the Nairobi bourse. “Following the successful completion of the sale of the business and assets of ARM Cement Plc and sale of its significant…