Author: David Indeje

Unseen Cinema’s partnership with Sudu Connexion comes to a close this March with a special screening of Moussa Sène Absa’s “Xalé.” This poignant film, Senegal’s entry for the 2023 Oscars, tells the story of Awa, a 15-year-old whose world crumbles after a devastating family event.  It follows the moving story of Awa, a schoolgirl happily living her teenage years alongside her twin brother Adama, who dreams of Europe.  When their grandmother dies, her aunt Fatou and her uncle Atoumane promise to marry to preserve the family union. But Fatou does not love Atoumane, and the latter, tired of waiting to…

As the world observed International Women’s Day 2023, it was an opportune moment to reflect on the persistent gender gap within the logistics and supply chain industries.  The sector plays a crucial role in the global economy and is responsible for efficiently moving goods and services across international borders, facilitating global trade and economic growth. Despite this crucial role, this industry continues to grapple with a significant gender imbalance, with women remaining underrepresented at all levels.  According to a 2021 report by Gartner, women make up only 41% of the supply chain workforce, a figure that has remained stagnant for several…

Bamburi Cement Plc has finalized the sale of its 70% stake (1,335,600 ordinary shares) in Hima Cement Limited, a Ugandan cement company, to Sarrai Group Limited and Rwimi Holdings Limited. The total transaction value for the 70% stake is estimated at USD 84 million.  This follows the transaction’s approval by Bamburi Cement shareholders in December 2023. The Nairobi Securities Exchange (NSE) confirmed its completion on March 5, 2023. Swiss firm Cementia Holding AG acquired the remaining 30% stake (572,400 ordinary shares) in Hima Cement Limited. “Bamburi is pleased to announce that all the conditions precedent to the Transaction have been…

Jubilee Health Insurance offers numerous benefits that assist individuals, families, and businesses manage healthcare costs and access essential medical services when needed.  Here are the top 10 advantages: 1. Financial Protection: Jubilee Health Insurance safeguards individuals from high and unexpected medical expenses by covering a significant portion of the costs related to medical treatments, hospital stays, surgeries, and prescription medications.  Affordable covers like Coverbora cater to all Kenyan households, ensuring health insurance doesn’t break the bank.  Additionally, paying through installments is available for those unable to afford the entire amount upfront. 2. Access to a Wide Network of Healthcare Providers…

A new report by PwC reveals cautious optimism among Kenyan chief executives regarding the global economy.  While 58% acknowledge inflation as a significant threat, most (56%) express confidence in their companies’ revenue growth over the next three years. This mirrors a global trend, with 54% of CEOs worldwide anticipating improvement or stability in the global economy within the same timeframe. Innovation Drives Growth The report, Navigating growth prospects with cautious optimism” highlights the power of innovation, with 60% of Kenyan CEOs attributing 20% of their 2023 sales to new products or services launched in the past three years. Adapting to…

The February Stanbic Group Purchasing Manager’s Index (PMI) indicates the first positive growth in  Kenya’s private sector in six months.  The PMI climbed to 51.3 from 49.8 in January, exceeding the 50-point growth threshold for the first time since August 2023. “There was a notable expansion in private sector activity in February, with output increasing in agriculture, manufacturing, and services. However, construction, wholesale and retail activity slipped. Firms noted improved consumer demand as assisting higher output and new orders,” Christopher Legilisho, an economist at Standard Bank, commented. “Increased new orders spurred inventory stocking, with some firms wanting to avoid product shortages…