Kenya’s fiscal policy is set to benefit from a renewed focus on managing external liquidity as major economies face rough seas, according to Standard Chartered’s 2024 Market Outlook report, “Sailing with the Wind.” The report is a compilation of views by the bank’s chief investment officer outlining the bank’s investment strategy for the year ahead. Manpreet Gill, Chief Investment Officer of Africa, the Middle East, and Europe at Standard Chartered, said that investors should carefully consider their investment objectives, match them against long-term investment horizons, and focus on building portfolios that can weather drawdowns in their portfolios. “A key element…
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.
A collaboration between Absa Bank Kenya and Strathmore University has resulted in 105 Absa employees acquiring world-class digital skills. The graduates make up the first cohort of the Strathmore University-Absa Financial Innovation (SUAFI) Programme, which began in April 2023. The training program saw the employees complete courses in Cybersecurity, Data Science, Business Intelligence, Automation, and Dev Ops. Ms. Mumbi Kahindo, the People, Function, and Culture Director at Absa Bank Kenya, hailed the achievement as a key milestone in the bank’s partnership with Strathmore University. “Today marks a beautiful joint achievement of a key milestone by Absa’s partnership with Strathmore University, an initiative that…
Leading low-cost carrier Jambojet has been named Africa’s 2nd Youngest Aircraft Fleet for the third consecutive year by renowned aviation data and news outlet ch-aviation. The recognition coincides with Jambojet’s 10th anniversary, showcasing the airline’s unwavering commitment to safety, reliability, comfort, and environmental responsibility. “This special recognition from ch-aviation is a testament to our unwavering commitment to investing in new aircraft that guarantee comfort, reliability, and safety for our passengers and cargo clients,” expressed Jambojet MD and CEO Karanja Ndegwa. As Jambojet celebrates its 10th year, the highly anticipated launch of the Mombasa-Zanzibar route in July marks a significant milestone.…
The World Health Organisation (WHO) Director-General, Dr. Tedros Adhanom, has made a compelling call to eliminate the stigma associated with leprosy, also known as Hansen’s disease. In a joint statement with WHO’s Goodwill Ambassador for Leprosy Elimination, Mr Yohei Sasakawa, and Dr Tedros emphasized the urgent need to address the social and psychological barriers that prevent people from seeking treatment for this preventable disease. The stigma surrounding leprosy is a pervasive issue that contributes to hesitancy to seek diagnosis and treatment, putting individuals at risk of disability and perpetuating the spread of the disease. Leprosy, a chronic infectious disease affecting…
PesaLink, an Integrated Payment Services Limited (IPSL) that enables real-time fund transfers between bank accounts, plans to launch a merchant payments service that will compete with Safaricom’s popular Lipa na M-PESA. The announcement was made on X, following an M-PESA service outage that affected customers’ ability to make payments for goods and services through the paybill service. PesaLink was launched in 2017 by the Integrated Payment Service, a for-profit arm of the Kenya Bankers Association (KBA), which allows customers to send and receive money instantly from their bank accounts without intermediaries. The platform can be accessed on the bank’s Internet Banking, Mobile Bank…
Africa’s investment landscape is experiencing a period of remarkable growth and expansion, with four countries emerging as the dominant destinations for funding, according to a new report. Kenya, Egypt, Nigeria, and South Africa collectively account for 68% of the continent’s total investment influx in 2023. Kenya has taken the lead in terms of funding, attracting $806 million, followed by Egypt with $675 million, Nigeria at $575 million, and South Africa with $565 million. These figures demonstrate the strong attractiveness of these countries for investors and their growing roles as regional hubs for international companies expanding across Africa. The Africa Investment…