Hilton International Ltd. is inviting bids for a controlling 59.42% stake in International Hotels (Kenya) Ltd. Hilton International Ltd. owns the iconic Hilton Hotel, a prominent landmark in Nairobi’s central business district. This development follows the hotel’s closure in December 2022 due to economic challenges. Hilton Hotel is owned 40.57 per cent by the government and 59.4 per cent by the Hilton Group of Hotels. 2. Hilton International is opening the doors for expressions of interest to acquire a 59.42% share in International Hotels (Kenya) Ltd. pic.twitter.com/8v43aLxvpc — Mwango Capital (@MwangoCapital) April 16, 2024 This move coincides with a broader…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
In Kenya’s vibrant media sphere, digital disruption drives constant change. To navigate the dynamic media landscape, TUKO.co.ke hosted the TUKO Educate Masterclass at two esteemed institutions: USIU—United States International University and the Multimedia University of Kenya. Jacob Otieno, the Managing Editor, and Chris Oyier, the Social Media Manager at TUKO.co.ke, led the sessions. These were not just simple lectures but about real talk, sharing wisdom on navigating the media industry’s ever-shifting sands from personal experiences. Jacob Otieno, a seasoned voice in Kenyan media, vividly portrayed the digital revolution sweeping through the industry. His message was clear: “If you want to…
The Central Bank of Kenya (CBK) has released a draft of the Kenya Green Finance Taxonomy (KGFT) for public comment. This initiative aims to clarify and precisely define green investments in Kenya. What is the KGFT? The KGFT is a classification system that defines what qualifies as “green” economic activities, aligning with international best practices and Kenya’s national priorities. Investors, issuers, and other financial sector participants can use it to track, monitor, and demonstrate the credentials of their green activities more confidently and efficiently. The Kenya Green Finance Taxonomy draft reads, “The KGFT is intended to benefit the Kenyan banking…
Equity Bank has announced a partnership with the Kenyan Ministry of Tourism and Wildlife to manage the distribution of Ksh 5.4 billion (USD 47 million) from the Wildlife Conservation Fund. The National Treasury has established the Wildlife Conservation Fund, which targets over 300,000 victims of human-wildlife conflict for the 2023–24 financial year. Equity Bank says it has received an initial disbursement of Ksh 960 million (USD 8.4 million) to begin compensating victims. The remaining Kshs. 4.44 billion (USD 38.6 million) will be distributed throughout the year. Equity has partnered with the Ministry of Tourism & Wildlife to handle disbursements in…
Liberty Life Assurance in Kenya faces challenges generating returns on its guaranteed fund, a key product for retirement savings. The company’s managing director, Nkoregamba Mwebesa, announced a 0% return for the 2023 fiscal year due to a combination of factors. Mwebesa cites the Kenyan equities market’s underperformance in 2023 and rising yields on government bonds, leading to losses. “We wish to advise that the Board of Liberty Life Assurance recently met and reviewed the company’s financial performance for 2023. Consequently, the final rate of return for the guaranteed pension fund portfolio is 0 per cent,” Mwebesa said. As a result, to address investor…
The Kenya Association of Manufacturers (KAM) launched the Manufacturing Priority Agenda (MPA) 2024, themed “Steering economic growth through the manufacturing sector for the common good.” The four-point manufacturing agenda, which includes global competitiveness, export-led industrialization, SME development, and agriculture for industry, provides a roadmap to increase the manufacturing sector’s contribution from 7.8% of the gross domestic product (GDP) to 20% by 2030. The MPA recognises that Kenya’s manufacturing sector faces hurdles driving economic growth due to excessive regulations hindering efficiency and development and high energy costs that make the industry less competitive. Others include inconsistent tax policies and changes in…