About half of the funds remitted by Kenyans in the diaspora are invested in real estate, mortgage payment and to meet family expenses, according to Central Bank’s Diaspora Remittances Survey. The remittance flows to Kenya have increased tenfold in the last 15 years reaching an all-time record of USD 3,718 million in 2021. This is equivalent to more than 3 per cent of Kenya’s Gross domestic product (GDP). Level of Education and Professional Training The Survey indicated that income levels are lowest in Asia and East Africa where the majority of respondents earn less than USD 2000 (Ksh 200,000) per…
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.
Telkom Kenya will compensate its customers by not billing them after its network suffered a 15-hour outage on Wednesday, its boss said on Thursday. The telco revealed that customers in some parts of the country were unable to access Mobile Voice and Data services Wednesday. “I apologise for any inconvenience this service outage has caused our customers and assure them that we are working to restore services back to all areas as soon as possible,” Mugo Kibati, the CEO said in a statement. The compensation will be guided by its internal processes, to ensure that customer queries are amicably resolved…
The Kenyan government has invited bids for the construction of a Covid-19 vaccine plant through a global tender. As per the request for proposal (RFP), the country seeks to recruit a consultant and a firm to design, build, commission and maintain a fully-fledged vaccine manufacturing facility. Under the Kenya Biovax Institute Ltd, the production facility will be located in Embakasi, Nairobi. The Kenya Medical Research Institute (KEMRI) says currently, the country imports 70 per cent of her pharmaceutical requirements, including vaccines and other biological products. “To achieve this objective, the Government of Kenya desires to recruit a GMP consultant…
The reserve is popular, with a minimum of 900 elephants. Other animals include Grevy Zebra, Somali Ostrich, Reticulated Giraffe, Gerenuk and the Beisa Oryx.
The National Treasury raised Ksh 34.9 billion from its second tranche of bonds FXD2/2018/10 and FXD1/2021/20. Investor bids in the auction stood at Ksh38.4 billion against a target of just Ksh 30 billion. The weighted average rate of accepted bids was above the coupon rates at 12.561 (FXD2/2018/10) and 13.792 per cent (FXD1/2021/20) respectively. https://twitter.com/CBKKenya/status/1483783871330242560?s=20 Investors were biased towards the longer-dated and higher-yielding, re-opened 20-year paper which has 19.7 years to maturity. The amount raised enabled Treasury to surpass its target from the January bonds of Ksh 60 billion. The bonds were oversubscribed attributed to the longer period of the…
Kenya tourism revenues in 2021 increased by 60.4 per cent to Ksh146 billion, compared with Ksh 88 billion in 2020, the Tourism Ministry said Wednesday. Data from the Tourism Sector Performance Report 202, the industry marked a slight recovery registering 870,000 tourist arrivals up from 567,000 the previous year. Going into 2022, Tourism Minister Najib Balala says the earnings are projected to climb Ksh 173 billion. “The numbers are still low, but we are optimistic that we will eventually go back to our all-time high international visitor arrivals that are 2019, or even surpass it. This is because the majority…