Author: David Indeje

High Court judge Francis Tuiyott has allowed Tuskys supermarket and Hotpoint to settle their debt disputes through mediation over a 45 days period. This is a reprieve for the retailer who had initially been granted 45 days to settle over KSh100 million owed for the supply of electronics. According to Hotpoint’s petition, “As a result, the failure to pay for the goods promptly, the petitioner is suffering losses,” reads a Hotpoint petition justifying that it imports the said goods. “The petitioner has made repeated requests and demands to the company for the payment of the debt, but the company has…

Ericsson has announced the launch of the 2020 edition of its Graduate Program in Africa, designed to fast-track and train potential leaders and innovators in the technology space. The program will be run virtually and will focus on applicants from Kenya, Nigeria, Sudan, and Angola, during the initial phase. The leading providers of Information and Communication Technology (ICT) to service providers say its second phase will be rolled out to more countries and advised interested candidates to set up a job alert on the Ericsson website. “The Fresh Graduate Program in Africa is designed to give graduates’ career an added…

Safaricom has lined up a bundle of goodies for its over 35.6 million customers as it celebrates 20 years of transforming lives. The telco was launched on 23rd October 2000 and in its third decade of growth, it has renewed Its commitment to Transform Lives and keep Kenyans connected. “In the past two decades, Safaricom has grown from a telecommunication service provider to a technology company and our customers have been a key part of this journey. We are cognizant that technology and a data-driven economy can further support Kenya’s economic growth and these will be our launchpad for the…

Kenya’s biggest telecom operator Safaricom has recommitted its brand promise to its customers ushering in its third decade of growth. The next phase of Safaricom’s growth will be driven by a vision to become a purpose-led technology company by 2025. This will see the service provider continue its innovation tradition and simplify its products and services in line with its FOR YOU brand promise. Through a brand campaign dubbed ‘Twende Tukiuke’, a callout to go beyond what is thought possible, the service provider will also showcase the power of mobile technology in transforming lives. “Safaricom has grown from a telecommunication…

Kenya’s foreign exchange reserves likely fell $8.2 billion from the peaks as the central bank intervened to reduce the slide of the currency. Kenya’s reserves fell from its peak of $8.8 billion in mid-September to $ 8.2 billion during the week ended 22 October, the latest data released by the Central Bank said. Consequently, the import cover has been declined from 5.36 months as at September 17, 2020, to 4.99 months on October 22, 2020. “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…

Sentiments in the Kenyan real estate market are turning optimistic according to Vaal Real Estate, a local realtor. Prit Shah, Sales Manager at Vaal Real Estate described the market as ‘positive’. “Kenya is one of the most stable markets in the region both politically and economically. We are not depending on any natural resources we depend on business alone.” He adds that the market has not been hit as hard by the Covid-19 pandemic compared to other countries have.  “By the middle of next year,  We see when two of our projects lift off, there will be a high rise…