Author: David Indeje

The Kenyan Government, Tullow Oil, Total and Africa Oil Corp have signed agreements for the development of a 60,000-80,000 barrels per day crude oil processing facility for oil discovered in Block 10 BB and 13 T in the South –Lokichar Basin, according to the Petroleum and Mining Ministry. The ministry says the parties have agreed that Amosing, Ngamia and Twiga fields should be developed as the Foundation Stage of the development. https://twitter.com/MadiniKenya/status/1143486642315046912 “The Heads of Term agreements provide a framework and commercial certainty required to move ahead with negotiating the fully termed upstream and midstream long-form agreements ahead of the…

Cytonn Investments, an independent investments management firm through its Cytonn Asset Managers Limited has launched its Pensions Business for its members. According to David K. Mwakitele, Head of Pensions at CAML, the focus of the pensions business is to deliver above average returns to members of its pension schemes. “We shall bring the same Cytonn ethos of delivering above-average returns and focusing on the interest of the client in the management of these funds. As Cytonn Asset Managers Limited, we remain committed to supporting the Authority in enhancing education to the public on the importance of saving for retirement to…

The fourth edition of the BLAZE Be Your Own Boss (BYOB) was launched in Kakamega on Monday. BYOB has been expanded to 18 summits, compared to last year’s three, which engaged more than 26,000 youth. “The fourth edition of BYOB aims to empower 1.3 million youth by providing access to a platform that allows them to connect, learn and showcase their talent. We decided to change the approach and increase the number of summits in a region in order to reach more young Kenyans,” said Sylvia Mulinge, Chief Customer Officer – Safaricom.  In a new addition to the programme, BYOB…

The Nairobi commercial office space market has been steadily recovering from the recession phase into the recovery phase according to Fusion Capital, a Private Equity Firm focused on Real Estate Investment and Fund Management based in East Africa. “Rental rates have come down significantly, and office space has become very cheap despite the wider economy continuing to perform,” says Fusion Capital. However, “There is very little money in the market so prices are not expected to fall further meaning that now is the time to buy! According to Fusion Capital, even though some large scale projects (approved before 2016) are…

Masinde Muliro University student is the winner of the sixth (6th) African Standardization Organization (ARSO) National Essay Competition. The competition themed “The Role of Standardization in winning the fight Against Corruption for sustainable Africa’s Transformation’’. Reu Elondanga, a second (2nd) year Masters student studying Chemistry emerged the winner after his essay featuring the judiciary and investigative agencies was selected to be best among over 200 essay submissions. “This year’s essay competition was founded on encouraging the Kenyan youth to participate in the Standardization conversation, in winning the fight against corruption to create a sustainable path to Africa’s transformation’’, said Mrs. Esther Ngari, the…

The eighth edition of the Bloggers Association of Kenya Awards (BAKE) saw Kenyan fashion blogger and actress Joy Kendi being crowned as the winner in the Kenyan Blog of the Year category.  Women dominated the awards, winning in 15 out of 23 categories. The 2019 competition was sponsored by the Ministry of Environment and Forestry, Safaricom, Tuko.co.ke, CDI Gadgets, and Konza City. The BAKE Awards, since its inception in 2012, has recognized and awarded the best in Kenyan blogging every year. It is organized by the Bloggers Association of Kenya (BAKE), an organization that promotes online content creation and free…