Kenya’s private sector activity fell in September from August’s 51.1 to 50.4 as rising living costs weighed on consumer spending and new orders, a monthly survey said Tuesday. Data from Stanbic Bank shows the Purchasing Managers’ Index (PMI) noted that the pace of improvement was marginal and the weakest seen in the current five-month sequence of growth. “The improvement in domestic demand was negatively affected by a rise in output prices. Firms hiked output prices to protect their profit margins following a rise in fuel prices during the month,” noted Stanbic Bank Fixed Income and Currency Strategist Kuria Kamau. Data…
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 10th Sustainable Business Report highlights Safaricom’s efforts to achieve its purpose of transforming lives by transparently showing its successes, setbacks, and future focus areas critical to the business and stakeholders.
Users of Facebook Inc., Instagram and WhatsApp platforms were down globally for its users on Monday evening. “Facebook, Instagram, WhatsApp and Messenger are coming back online now,” chief executive Mark Zuckerberg said Monday. “Sorry for the disruption today — I know how much you rely on our services to stay connected with the people you care about.” According to Bloomberg, Zuckerberg’s wealth fell by nearly $7 billion with the stock sliding down to $120.9 billion, below Bill Gates to No. 5 on the Bloomberg Billionaires Index. “He’s lost about $19 billion of wealth since Sept. 13, when he was worth…
Network International, has acquired DPO Group (DPO), an online payments platform in Africa, for $291.3 million. The acquisition of DPO Group will support Network International’s capabilities in Africa across online, mobile and alternative payments. The company is expected to begin operations in new markets both in Africa and beyond in the near future. DPO’s comprehensive, flexible and secure platform allows businesses and merchants to receive international payments in the currency of their choice, accepting debit and credit cards alongside mobile money and other payment methods. The UAE-based payments firm also unveiled a new strategic vision and outlined its ambition to…
OPPO Kenya has launched a mobile photography competition with an aim to support the continued revival of local tourism by encouraging more Kenyans to visit the national parks and game reserves. The Reno6 5G wildlife mobile photography challenge will see the top three contestants walk away with Ksh200,000 for the winner, Ksh100,000 for the 1st runners-up and Ksh50,000 for the 2nd runners-up. How to Participate The competition will put the contestant’s photography skills into action, tasked to capture images of the beautiful Kenyan wildlife using a mobile phone. To submit their entry, they will need to follow OPPO Kenya social…
Young women’s participation in Kenyan politics is likely to be excluded due to the coronavirus pandemic, Friends of ActionAid said. Dr Loreen Maseno, Board Chair, Action Aid Kenya says young women in Kenya are the least represented amongst political leaders and their continued exclusion undermines the valuable contributions they make. “That, if we are looking at young women’s participation in political spaces, then a second point to consider is that of the economic situation in the country as a result of COVID-19. There’s been a negative impact and reduced job opportunities and lower earnings. And we are all aware of…