Author: David Indeje

Lenovo has partnered with the African Storybook to empower and support underprivileged children in Kenya. The two held their first event at the Kibera Community Library (KNLS) on October 7, 2023. The event focused on education, mentorship, and personal development, aiming to inspire and uplift 100 deserving young students. Together, they are committed to nurturing the students through technology, literacy, and soft skills education. “We are excited to partner with African Storybook for this charity event in Kenya,” said Jane Govindsamy, CSI Champion Southern Africa at Lenovo. “At Lenovo, we believe in the transformative power of education and technology. By…

Kenya’s economy expanded at its fastest pace in more than two years in the second quarter of 2023. Kenya’s Economy is estimated to have grown by 5.4% during the second quarter of 2023 compared to 5.2% in the same quarter of 2022, according to the Kenya National Bureau of Statistics (KNBS) Quarterly Gross Domestic Product Report. This acceleration was primarily driven by a significant turnaround in the agriculture sector, which recorded an impressive growth of 7.7%, marking its fastest pace since 2020. The quarterly GDP report reflects the overall and sectoral performance of the economy. The surge in the agriculture…

The Infrastructure Corporation of Africa LLC (ICA) from the United Arab Emirates (UAE) is set to become the new majority shareholder in Telkom Kenya. This is after the Kenyan government cancelled its 60 per cent purchase from UK private equity firm Helios Investment Partners. The government has been actively seeking an investor for a significant part of the year, and they have now confirmed that they have found a suitable match.  A competitive process to identify the new investor was initiated in January 2023, which resulted in an evaluation process that recommended ICA to be the new majority shareholder in…

The World Health Organization (WHO) has approved a second malaria vaccine, offering a more affordable and accessible alternative to the Mosquirix vaccine. The R21/Matrix-M malaria vaccine has been developed by the University of Oxford and the Serum Institute of India (SII), leveraging Novavax’s adjuvant technology. The decision was based on the recommendations of two expert groups, suggesting its use in children at risk of the disease. “For far too long, malaria has threatened the lives of billions of people across the globe, disproportionately affecting the most vulnerable amongst us,” Adar Poonawalla, CEO, Serum Institute of India, in an official statement,…

The Central Bank of Kenya (CBK) has been advised by the Kenya Bankers Association (KBA) to continue tightening its monetary policy stance. “We argue that a further (moderate) monetary policy tightening would support measures taken previously to tame inflationary pressures and rising inflationary expectations, cool off credit demand (and supply) while averting a sharper build up in non-performing loans, help achieve a moderation in the trend depreciation of the exchange rate, all for enhanced macroeconomic stability,” said KBA in its Research Note NO.69 – 2023 (RN/69/24). The next decision-making meeting is scheduled for October 3rd, 2023. The CBK’s Monetary Policy…

The Ministry of Labour and Social Protection in Kenya has declared its intention to close all children’s homes in the country. This move is part of the ‘Deinstitutionalisation of Children’ program, as disclosed by Cabinet Secretary Florence Bore during her visit to the Child Welfare Society of Kenya. The deinstitutionalization initiative is designed to overhaul the childcare system by gradually phasing out orphanages and children’s homes. The plan is to place vulnerable children in nurturing, family-like environments within foster homes identified by the government. Cabinet Secretary Bore explained that this initiative aims to replace institutional support with warm, nurturing environments…