Uhuru under pressure to lift all Covid-19 lockdown restrictions Government to vaccinate 26 million Kenyans by June 2022 Kenya will lift the partial lockdown imposed within Nairobi, Kiambu, Kajiado and Nakuru counties when the positivity rate comes below 5% President Uhuru Kenyatta said Thursday. President Uhuru is under mounting pressure to lift COVID-19 lockdowns in the four counties. The president was hopeful that within the thirty periods or the sooner the curve is flattened below 5 per cent, normalcy will return. “As to when these measures will be removed and go back to normal, which is our prayer every single…
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.
Banking service group, I&M Holdings Plc Wednesday said it will pay a dividend of Ksh 2.25 per share plus 1 bonus share for every 1 held to its shareholders for the financial year ended December 31, 2020. The Nairobi Securities Exchange lender said its profit after tax declined by 21 per cent to Ksh 8.41 billion from Ksh 10.77 billion in 2019 from its Full Year 2020 financial results. Its revenue from interest income and non-interest income increased by 1.3 per cent to KSh19.4 billion compared to KSh19.2 billion at the end of 2019. Customer deposits grew by 14 per…
Kenya is set to tap into the International Monetary Fund (IMF) financing programme to support its COVID-19 response and budget support. The Central Bank of Kenya expressed optimism that the Ksh 34.5 billion will be approved by the IMF Board next week with expectations it will be discussed on Friday, April 2. CBK Governor Patrick Njoroge said the loan represents the first batch of a $2.4 billion 38-month program. “We expect this will be approved on Friday and the consequential disbursement will follow early next week,” CBK Governor Patrick Njoroge said in a post-Monetary Policy Committee (MPC) to the media…
Safaricom has rolled out a one-stop-shop that allows users to stop unsolicited messages via USSD Code *456*9*5#. This is in response to its over 30 million customers who found complex to stop spamming messages. Initially, users had to send a text for each spam text. “Through this product, we are now putting control to the customers’ hands,” says Benard Koech, Manager, Digital VAS Revenue & Content Partner Management, Safaricom adding that there is no applicable cost to the service. Now, to stop all SMS spamming will be done in two easy steps: Dial *456*9*5# Option 2 you will find “STOP…
The Central Bank of Kenya (CBK) says the fresh coronavirus containment measures are “selective” with no substantial impact on the economy. “However, we do not know the duration,” said Dr Patrick Njoroge, CBK Governor at a media briefing post MPC meeting held Monday maintaining the CBR at 7.0% through Q2. “We need to give it time to understand. Things are still unclear on what exactly the impact is,” Dr Njoroge said adding that “There are a lot of areas that have been untouched by the containment measures.” On Friday, President Uhuru Kenyatta restricted travel in the capital Nairobi and the…
Central Bank projects current account deficit at 5.2 per cent of GDP in 2021 Kenya’s current account deficit narrowed to 4.6 per cent of gross domestic product (GDP) in the 12 months to February 2021, attributed to savings from oil imports and resilient earnings from exports and remittances. This was a marginal improvement of one percentage point from November’s deficit of 4.7 per cent. “Provisional data on the balance of payments shows that the current account deficit narrowed to 4.6 per cent of GDP in the 12 months to February 2021 compared to 5.8 per cent of GDP in the…