Kenya’s forex reserves declined by $250 billion to stand at $9,371 billion in the week ended July 23, CBK data showed on Friday. This represents 5.73 months of import cover. “This meets the CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover,“ the regulator said. The drop is attributed to a Ksh 35.2 billion payout to China by the National Treasury. This is the first repayment of the loan used to build the Standard Gauge Railway (SGR) from Nairobi to Naivasha. Initially, it…
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.
Kenya’s largest retailer by branches, Naivas, Friday announced the expansion of its retail sales network by adding its latest food market in Kisumu, taking its total count to74 in the country. As part of its expansion, Naivas Food Market Simba becomes the second Food Market and the third in Kisumu city strengthening its presence in western Kenya. “This is our biggest branch in the country. It is located in a spacious building with enough parking slots for customers,” chief commercial officer Willy Kimani said. https://twitter.com/naivas_kenya/status/1418479940547268608?s=20 On the other hand, Carrefour, owned and operated by Majid Al Futtaim, plans to open…
Netflix is eyeing the video-game market according to a letter to investors. The video streaming company says gaming will be a “new content category” that will be a “multiyear effort”. This will be primarily focused on games for mobile devices. “We view gaming as another new content category for us, similar to our expansion into original films, animation and unscripted TV. Games will be included in members’ Netflix subscription at no additional cost similar to films and series,” the company said. Additionally, Mike Verdu, formerly of Electronic Arts and Facebook, has been hired as a gaming executive to oversee its…
“Music is the most important thing to me. Music, talent, fashion, and art scenes, all intertwine and when they intertwine, beautiful things happen.”
The Tokyo Olympics begin on July 23 after being delayed a year due to the Covid-19 pandemic. Initially, they were to begin on July 24 2020. This is the first time that the Olympic Games have been postponed and rescheduled, rather than cancelled. The modern Olympics, first held in Athens in 1896, have only ever been cancelled for World War I (1916) and World War II (1940 and 1944). However, the event retains the Tokyo 2020 name for marketing and branding purposes. The opening ceremony of Tokyo Olympics 2021 will take place at the newly-built National Stadium in the Japanese…
Supersport will broadcast the Tokyo 2020 Olympic Games on 8 dedicated channels starting on July 23. SuperSport in its true style and commitment will curate the best events and top in world-class sports from across the globe live and in HD to viewers on DStv and GOtv. Nancy Matimu, Managing Director MultiChoice Kenya said, “Our DStv customers are assured of watching the best in class athletes as they compete for the top spots in Tokyo with multiple broadcast feeds.” On the other hand, “GOtv customers will enjoy four dedicated channels also getting the latest thrills, drama and action from the…