Author: David Indeje

Kenya’s central bank accepted Ksh 16.3 billion of the 25-year amortised bond (IFB1/2019/25) on offer at an auction on Wednesday attributed to its unattractive and duration risk associated with long-term papers. The Central Bank of Kenya (CBK) had offered  Ksh 50 billion of the fixed-rate Treasury bonds with a 12.2% coupon with proceeds expected to partially fund infrastructure projects in transport, water, and energy sectors. It received bids worth, Ksh 29.37  billion, but accepted Ksh 16.30 billion of bonds, ‘ indicating that bids were largely not within ranges the Central Bank of Kenya (CBK) deemed acceptable,” said Cytonn Investments. The…

As many as 35% of  Kenyan family businesses feel vulnerable to digital disruption and 59% feel vulnerable to a cyber-attack according to new research from PwC Kenya. This is higher than the global average. Its Kenya’s report themed ‘The values effect: PwC 2018 Family Business Survey’ shows family enterprises are adrift in a sea of confusion when it comes to thriving in the digital economy. For family business, the first point of call to inspire innovation may be the next generation of family members. -Alex Muriuki, Associate Director, Technology Service PwC Kenya The specific technological advances cited as challenges by…

A new survey from PricewaterhouseCoopers (PwC), reveals that 17% of Kenya family business owners report having a robust, documented and communicated succession plan in place, compared to 15% globally. PwC Kenya’s report themed ‘The values effect: PwC 2018 Family Business Survey’ however, shows that family businesses in Kenya have plans to grow over the next 5 years with 83% of survey respondents remaining confident of their businesses growth potential. Thus, PwC with a core business mandate of delivering quality in assurance, advisory and tax services, calls for more family businesses to plan early and explicitly communicate with their successors. “Succession…

Carbacid Investments plc, an investment holding company that has invested in carbon dioxide gas production processing and marketing through its main operating subsidiary, Carbacid (CO2) Limited, has issued a profit warning for the full year. It has reported a 36% dip in Profit After Tax.   “Based on the company’s unaudited financial results for the first six months ended 31st January 2019 and the company’s second-half forecast particularly as regards the investment portfolio, profit for the full year is projected to be at least 25% lower than the previous financial year,” said Nalin Kothari, the Company Secretary on behalf of the…

Coca-Cola global World Without Waste campaign aims to collect and recycle the equivalent of 100% of the packaging it sells by 2030. Kenya will benefit from over Kshs 3.8 billion fund by the Coca-Cola Company to stimulate plastic recycling industries and create awareness on plastic waste pollution in the Southern, East and Central Africa over the next three years. This is part of the pledge made by the world’s largest beverage company to tackle a global “packaging problem” by cutting waste. “We have formulated strategies to ensure that our post-consumer plastic bottles do not pollute the environment as wastes. We…

Kenyans should expect depressed rainfall in most parts of the country impacting the agricultural sector according to the Meteorological Department. In its Climate Outlook for the March-April-May (MAM) 2019 ‘Long Rains’ Stella Aura, Acting Director of Meteorological Services said: The spatial and temporal distribution of the March 2019 seasonal rainfall was expected to be good over most of the Western sector and generally poor over the eastern sector of the country, especially in the Arid and Semi-Arid Lands (ASALs). However, the existence of the tropical cyclones and the unfavorable SSTs patterns both in the Indian and the Atlantic oceans are…