As the effects of COVID-19 continue to be felt with an uncertain future, members of the Kenya Association of Manufacturers (KAM) are contemplating a shift strategy to remain competitive. In collaboration with tax consultancy firm, KPMG, they have published a ‘Manufacturing resilience and sustainability strategy: Priority Policy Toolkit’ on how the sector will be in a position to better build business resilience plans and policies, prioritize their workers, monitor potential pain points, and implement measures to stay resilient during this crisis and beyond. The report emphasizes that going forward, the sector will need to focus on cost competitiveness and diversifying…
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 economy to grow at 1.5% in 2020 Renaissance Capital, a leading emerging and frontier markets investment bank, says the East African economy is expected to lead the Sub-Saharan Africa region in post-COVID-19 recovery. Yvonne Mhango, Renaissance Capital, Sub-Saharan Economist, speaking at the 6th Annual Virtual East Africa Investor Conference, said “We expect the East African region to lead the recovery in Sub-Saharan Africa,” adding that “We expect the economies to be among the first to emerge from this crisis.” According to Mhango, East Africa scores high in terms of resilience largely being attributed to key sectors, agriculture, tourism, global…
South African retailer Shoprite is downsizing its operations in Kenya and plans to close or dispose off its remaining stores as the business has slowed down in the wake of the coronavirus pandemic. According to its financial results for the year ended June 28, the retailer says, “Kenya, with three stores at year-end, has continued to underperform relative to our return requirements. Post-year-end, one store has been closed.” “Given the ensuing economic impact of COVID-19 and our experience to date, we expect to close or dispose of our remaining two stores in the region in the year ahead,” the company…
Listed utility company Kenya Power & Lighting Company Plc (KPLC) profit plunged 91% for the financial year ended June 30, 2019. According to its audited results, Kenya Power reported a net profit of KSh262 million compared to KSh3.3 billion the previous year. The company said it attributed the loss to increased non-fuel power purchase costs which rose by KSh18.1 billion to KSh70.9 billion, from KSh52.8 billion in a similar period in 2018. In addition to the commissioning of two power plants with a combined generation capacity of 360MW. “In addition, finance costs rose by KSh3.2 billion due to increased levels…
In a bid to tap into the highly competitive market, Safaricom has enabled its subscribers to make international calls at no additional cost using the no-expiry PostPay plan. Some of the countries Kenyans can connect with their family and friends include the US, India, China, and Canada. In addition, this applies to users subscribed to other local networks. According to the new value proposition, Safaricom aims to onboard its prepay customers on to the plan. There are about 30 million PrePay customers, in comparison to the 250 thousand PostPay customers. “Who are more discerning and prefer to have one bill…
The award-winning fashion blogger has collaborated with Itikadi, a contemporary fashion brand inspired by art and culture, to debut the fashion line.