Safaricom proudly illuminated Nairobi’s vibrant cultural scene with a KES 2 million sponsorship of the Bob Collymore International Jazz Festival (BCIJF), a dazzling celebration of music and artistry held at the Carnivore Grounds on February 15, 2025. This commitment underscores Safaricom’s dedication to nurturing the arts, empowering young talent, and honouring the legacy of the late Bob Collymore, former CEO of Safaricom, whose passion for jazz ignited a nationwide appreciation for the genre. The festival, presented by the Bob Collymore Foundation (BCF), was a symphony of world-class performances, showcasing a spectrum of jazz excellence. A Symphony of World-Class Jazz Performances…
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.
Konza Technopolis has broken ground for the first Center of Excellence Digital Innovation Hub in Riruta, Dagoretti South, initiating a nationwide rollout of 1,450 digital hubs across all wards in Kenya. This initiative aims to bridge the digital divide and empower youth with crucial digital skills and job opportunities. “This groundbreaking signifies the start of the 1,450 digital hubs nationwide,” affirmed Eng. John Tanui at the ceremony. This ambitious project, a collaboration between the government and the National Government-Constituency Development Fund (NG-CDF), aims to equip individuals in every ward with the digital literacy needed to thrive in the modern economy.…
Kenya projects a slightly reduced budget deficit for the 2025/26 fiscal year (July-June), according to the Ministry of Finance’s February Budget Policy Statement. The deficit is forecast at 4.3% of GDP, down from 4.9% in 2024/25. Total spending is expected to rise to Ksh 4.34 trillion ($34 billion) from Ksh 3.95 trillion. The government plans to fund the deficit through Ksh 146.8 billion in net external financing and Ksh 684.2 billion in net domestic financing. “The fiscal deficit in the FY 2024/25 is expected to be Ksh 862.7 billion (4.9 per cent of GDP). The expenditures to June 2025 will…
78 per cent of Kenyans experienced income declines in 2024, according to the 2024 Financial Services Monitor by Old Mutual. The report surveyed employed Kenyans aged 20 to 59, earning KSh12,000 or more, representing about 63 per cent of the country’s working population. The findings paint a picture of a population grappling with financial hardship. 40 per cent of respondents reported significant stress, with 15 per cent feeling overwhelmed by their financial responsibilities. This anxiety is further exacerbated by high living costs, a challenging business environment, unpredictable financial situations, and inadequate income, leading to widespread concerns about job security. Financial…
The United Nations Conference on Trade and Development (UNCTAD) says urgent infrastructure investments and effective trade policies are needed to unlock the full potential of the African Continental Free Trade Area (AfCFTA), which could create a $3.4 trillion trading market. “Africa faces serious challenges—from volatile global markets and high debt costs to infrastructure gaps,” said Rebeca Grynspan, Secretary-General of UNCTAD, at the launch of the 2024 Economic Development in Africa Report. “But these challenges also present an opportunity to reshape the continent’s economic future. With bold reforms, investment, and full implementation of the AfCFTA, Africa can emerge stronger, more resilient,…
MultiChoice and French media giant Groupe Canal+ have proposed changes to the corporate structure of South Africa’s pay-TV giant to comply with local broadcasting regulations regarding ownership and control. In a notice to shareholders on Tuesday, the companies announced plans to restructure MultiChoice Group, creating an independent entity, “LicenceCo,” to hold its South African operating licenses. This move follows Canal+’s acquisition of a 35% stake in MultiChoice, triggering a mandatory offer under South African takeover regulations. Canal+ has steadily increased its shareholding in MultiChoice since 2020, reaching 45.2% as of May 2024. To comply with regulations limiting foreign ownership of…