The Hass Land price index for the fourth quarter of 2023 reveals that the average price of an acre across Nairobi’s suburbs has grown at the fastest pace since 2015. This surge in property prices signals a robust recovery from the impact of the COVID-19 pandemic. Key highlights Quarterly Price Increase: The 3.3 per cent quarterly price increase is the highest since the First Quarter of 2015. This positive trend indicates a rebound in the real estate sector. Suburbs Performance: Fourteen out of the 18 suburbs experienced positive price movement during the quarter. Notably, Muthaiga, Ridgeways, and Loresho stood out with quarterly price growth rates of 3.7 per cent, 3.6 per cent, and 3.1 per cent, respectively.…
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.
Absa Group, a leading pan-African bank, has confirmed its expansion into the People’s Republic of China by opening a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, and the official launch event is scheduled for May 2024. This move underscores Absa’s commitment to fostering new opportunities between Africa and China and further solidifies its international footprint. The newly established office in Beijing will allow Absa Group to provide local support to Chinese clients and stakeholders, facilitating transactions across the African continent. By doing so, Absa aims to address clients’ needs, goals, and ambitions. This expansion aligns with Absa’s broader strategy of establishing international representative offices in strategic markets…
Embarking on a new year comes with the promise of fresh starts, and there’s no better way to kickstart your payment experience in 2024 than with the Equity Prepaid card. This card will transform the way you make payments by keeping you in charge of your budget as you step into the new year and enjoy a seamless, convenient, and secure cashless experience. Whether you’re shopping, travelling with family and friends for a vacation, fueling up your vehicle, or even doing that online subscription or purchase, the Equity Prepaid card will be your versatile companion, allowing you to easily manage…
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…
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.…