Land prices in Nairobi have shown strong signs of recovery, with satellite and the metropolitan areas recording 2.5 per cent and 0.3 per cent of pre-Covid levels, according to a report by Hass Consult. “The last time towns recorded similar price increases were in the third quarter of 2019 or two years ago,” says Ms Sakina Hassanali, Head of Development Consulting and Research at HassConsult. Sakina noted that in 2020, land prices in satellite towns dropped in tandem with Nairobi suburbs due to disruption to the economy and the accompanying uncertainty. The data is from an analysis of prices in…
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.
President Uhuru Kenyatta has signed the Refugee Bill of 2019 into law. The law compels Kenya to recognise, protect and manage refugees giving into effect the 1951 United Nations Convention Relation to the Status of Refugees. The law gives effect the 1967 Protocol Relating to the Status of Refugees and the 1969 OAU Convention Governing the Specific Aspects of Refugee Problems in Africa and for connected purposes. “The new Refugees Act, which had earlier been referred back to Parliament for reconsideration by the President, strengthens the management of refugees by consolidating provisions of several international legal instruments,” State House Kenya said…
KCB Group said on Wednesday its pre-tax profit for the nine months ended September doubled to Ksh 35.8 billion from Ksh 17.14 billion in the same period of last year. Its net profit rose by 131 per cent during the period attributed to income growth and reduced loan loss provision surging to Kshs. 25.2 billion compared to Kshs. 10.9 billion. “This is the strongest quarter for us since the COVID-19 pandemic struck 20 months ago, with clear signs of economic recovery across key sectors,” said KCB Group chief executive Joshua Oigara said in a statement. Key Financial Highlights Balance Sheet…
A new partnership aimed at reducing the number of referrals of sick children, optimizing the capacity and reach of healthcare delivery systems by allowing health facilities have access to specialists. The partnership, announced Wednesday, between M-Pesa Foundation and Gertrude’s Children’s Hospital to launch Daktari Smart, a Telemedicine program. M-PESA Foundation has committed over Ksh 168 million towards the initiative while Gertrude’s Children’s Hospital a leading paediatric facility in the region offering quality and evidence-based healthcare to children, will invest over Ksh35 million in the next 3 years. The program targets over 32,000 children in Samburu, Homabay, Baringo and Lamu counties.…
Vodacom Group has agreed to acquire a 55 per cent shareholding in Vodafone Egypt from two wholly-owned subsidiaries of Vodafone Group, being Vodafone International Holdings and Vodafone Europe for $2.738 billion. Subject to regulatory and shareholder approvals, 80 per cent of the offer consideration will be settled by the issue of new Vodacom Group shares, with the balance being settled in cash. “Acquiring a majority stake in Vodafone Egypt would cement Vodacom Group’s position as Africa’s leading telco by advancing our strategic connectivity and financial services ambitions while increasing our total population coverage on the continent to over half a…
“I want to create a lifestyle that everybody can relate to; comfortable and stylish enough for swimwear. To make all the girls and women feel empowered, beautiful, and confident. ”