Author: David Indeje

Muthoni Maingi, a Leading African Digital Strategist advises on how to successfully lead a global team. Popularly known as @NonieMG, she is the Head of Digital Campaigns Oxfam International. “When it comes to leading teams, many at times it is not about the money. A lot of times it is about how you lead,” she says. She advises that when leading people, these are the DOs: Clarify the connection between jobs and purpose Identify and encourage people’s strengths. Value everyone and diversity Build relationships based on trust Align goals with purpose Download the presentation here 

EGM Securities Limited, Kenya’s first non-dealing online forex broker has launched its operations in the country that enables trading using multiple payment channels including mobile payment channels such as M-Pesa.  Kevin Ng’ang’a, the Chief Executive Officer said: “Increased access to global forex markets and innovative financial offerings for Kenya’s investment community is a major leap forward for the country to advancing its financial markets depth and economic growth. We are very excited at the prospect that lies ahead for the financial markets in Kenya. EGM will transform the financial market in the near term. We see a significant opportunity for private investors, corporate investors,…

Kenya’s retail market is projected to have an increased retail space supply by the end of 2018 attributed to high occupancy levels according to Knight Frank’s Kenya Market Update – 1st Half 2018. This is despite the closure of select local retail chain stores.  According to Knight Frank Kenya, occupancy levels remained high for established malls at 90% and between 60-75% for new retail centers.  Footfall in major shopping malls increased slightly in the first half of 2018, as expanding retailers took up anchor tenant spaces vacated by ailing rivals. “The high occupancy levels indicate that there is still good…

Barclays Africa Group Ltd has officially changed its name to Absa Group following the separation following the sell-down by Barclays PLC of its majority shareholding in Barclays Africa Group to a minority position in 2017.  “Our new name and brand are an expression of our new purpose and strategic direction, which commits us to grow in Africa. We are rallying around a shared sense of purpose and identity while celebrating our diversity,” Absa CEO Maria Ramos said. https://twitter.com/BusiLethole/status/1016934093546803200 This has been touted as one of the largest rebranding exercises that will target the group’s Barclays-branded banks in Botswana, Ghana, Kenya,…

Kenya’s hospitality sector capacity is projected to grow faster than demand but grow more slowly over the 2019-21 period according to the latest Price Waterhouse Coopers (PwC) report. The ‘Hospitality outlook: 2018-2022 8th Annual edition themed Positioning for future growth, Kenya’s tourism industry is set to bounce back to its previous growth path by the end of 2019. “We project room rate growth to average 2.6%, compounded annually through 2022. We expect the average occupancy rate to rise to 58.1% in 2022, up from 47.3% in 2017 but still well below the 62.3% rate in 2012,” states PwC.  The report…

The Kenya Bankers Association has welcomed the National Treasury’s proposal to repeal the Banking (Amendment) Act 2016. According to Dr. Habil Olaka, CEO of KBA, this will pave the way for the Treasury and Central Bank of Kenya to work with sector stakeholders to promote financial inclusion and consumer protection. “It will pave the way for the Treasury and Central Bank of Kenya (CBK)  to work with sector stakeholders to chart the best way forward that serves the interest of the economy while promoting financial inclusion and consumer protection,” said Dr Habil Olaka, chief executive officer, KBA in an op-ed…