Activity in Kenya’s private sector accelerated to a five-month high in October as output growth strengthened and new business continued to grow despite an increase in input costs, a monthly survey said Thursday. The index rose to 51.4 in October from 50.4 in September according to the monthly Stanbic Bank Purchasing Managers Index (PMI). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. During the period, the overall rate of input cost inflation quickened for the second month running, on higher purchase prices, though staff fees also continued to…
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.
Data from the Nairobi County Children Services shows that they receive an average of 200 cases of child violence daily.
Telkom Kenya on Tuesday signed a memorandum of understanding with Ericsson mainly to speed up the expansion of its 4G mobile broadband network in Kenya. The MoU also covers NEC XON, a systems integrator to supplement Telkom’s 4G sites. The plan is to add 2,000 4G/LTE sites onto the operator’s network by 2023 at an estimated cost of USD 100 million. “Two of our commitments are to better position our infrastructure asset base and services to drive digital transformation within our various Customer segments thus providing them with more value, as well as bridge the digital divide through the expansion…
Africa’s first climate adaptation credit facility for agriculture, ADAPTA, has launched in Kenya with $1.5 million (KSh165 million) funding from the Bill & Melinda Gates Foundation for Phase I. ADAPTA will develop and test an innovative loan underwriting platform that incorporates agricultural technologies and climate-smart agriculture. Working closely with the Alliance of Bioversity International and CIAT and its flagship climate project for Africa (AICCRA), ADAPTA’s Phase I will focus on developing and testing a Climate-Smart Module (CSM) and an agriculture risk management framework to address adaptation finance barriers proactively. The CSM will leverage satellite-derived and other data sets on vegetation,…
KenGen, Kenya’s biggest electricity producer, reported a 7 per cent Profit Before Tax of Ksh.14.76 billion from Ksh 13.79 billion for its full-year financial year ended 30th June 2021. KenGen Managing Director and CEO, Rebecca Miano said the profit growth was achieved on the back of continued revenue growth underpinned by the company’s diversification strategy. “Revenue increased by 4.06% from Ksh.44.110 billion in 2020 to Ksh.45.901 billion. This was mainly attributed to revenues from geothermal, hydro generation and the diversification venture at Tulu Moye in Ethiopia. The ongoing geothermal drilling services in Tulu Moye contributed Ksh.1.784 billion compared to Ksh.440…
Naivas Supermarket has replaced cash strapped Uchumi along Aga Khan Walk at the Uchumi House strengthening its retail presence in Nairobi’s Central Business District. The 20,000 square feet retail space becomes Naivas’ 6th branch within Nairobi. Other outlets are Muindi Mbingu Express, Ronald Ngala, Moi Avenue, Development House and Lifestyle Foodmarket. The company said the expansion within the city aims to serve its growing population. “I reiterate that the city’s population is still underserved, given that at least 3million people work, transit through or transact business within the CBD on a daily basis. This of course means they need to…