Author: David Indeje

Today, new forms of communication are reshaping the practice of a once narrow-minded craft serving a local, regional or national public. Thanks to technology that is enabling people to accesses instantaneous multimedia communication networks, products, and services. The same technology has allowed news media to disseminate information to audiences scattered around the globe. Consequently, the ongoing mobile revolution has become a powerful tool and voice of an audience that was initially perceived as passive. Social media and mobile technology are weakening state control and information dissemination. Social media users are conduits, amplifiers of media messages, and potential sources. Findings from…

East Africa’s largest insurance group Jubilee Holdings will release a final dividend payout of KShs. 579.8 Million of KShs 8 per share for the financial year ended December 2019 on Friday. The divided has been described as ‘a pleasant relief to many shareholders who have borne the negative effects of COVID-19.’ Jubilee Holdings Limited Group Chairman Mr. Nizar Juma noted that since going public the company has always paid a dividend to its shareholders and to date has never paid a dividend lower than the previous year. “We are proud that Jubilee Holdings has demonstrated its solid financial ground and…

The Central Bank of Kenya says it received bids worth KSh 181.8 Billion for the re-opened 5, 10, and 15-year Treasury Bonds. Treasury’s three (reopened) bonds -(FXD1/2020/05, FXD2/2018/10, and  FXD1/2019/15)- that were auctioned on Wednesday to raise Ksh 60.00 billion was oversubscribed by 302.95 percent, according to theCentral Bank of Kenya. This suggests that investors still see Kenya’s government bonds as a safe-haven asset, and the Treasury is not struggling to borrow despite the coronavirus crisis. “The current low-interest-rate environment provides an opportunity for low-cost local debt financing. Meanwhile, the ample liquidity in the market, as well as preference for…

Kenya Airways does not expect a full recovery when it resumes international flights from August 1st. As a result, it would cut its flight plan by 50 percent which will dramatically affect its direct flights to the United States and China. In addition, it says it will cut the frequency of flights to some destinations with passenger demand expected to remain depressed for at least 18 months. “We plan to resume flights to 27 destinations in August. This represents close to 50 percent of our routes pre-Covid,” said KQ chief executive officer Allan Kilavuka in an interview with the Business…

The Kenya shilling on Wednesday hit a fresh all-time low at 108.20 to the US dollar compared to 107.9400 on Tuesday. This is largely attributed to increased dollar demands from importers. In an email to Khusoko, the Central Bank of Kenya (CBK) on Wednesday had quoted the currency at a mean rate of 107.8797 against the US dollar, buying at KSh 107.7800 and selling at KSh 107.9794 against the greenback. https://twitter.com/alykhansatchu/status/1285915484781793282?s=20 The exchange rate released by the Central Bank of Kenya is an indicative rate, meant to help those exchanging currencies gauge the value of the shilling on any given…

Little known Tumaini School from Makueni County was named Chapa Dimba Na Safaricom Eastern Region champions after emerging victorious in the boy’s finals defeating Black Panthers 4-1. During the match played in February at the Machakos Stadium, Yasin Mohamed scored a hat trick in the 4th, 19th, and 47th minute, before Enow Abdumalik scored Black Panther’s consolation goal in the 83rd minute. Kapirante Moris sealed Tumaini’s win in the 88th minute. However, due to the Coronavirus pandemic, the Chapa Dimba nationals that were to be played in June were postponed.  ***** Khusoko, spoke to Martin Mulalah,  the Director of Tumaini…