Author: David Indeje

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…

Kenya’s monthly inflation experienced a slight increase of 0.1%, rising to 6.8% from 6.7% in August. This rise was primarily due to the escalating costs of both food and non-food items. According to the Consumer Price Index (CPI) and inflation rate data from the Kenya National Bureau of Statistics (KNBS), there was a noticeable increase in the prices of commodities related to transport, food and non-alcoholic beverages, and housing, water, electricity, gas, and other fuels. From September 15 to October 14, 2023, fuel prices saw a significant hike with Super Petrol increasing by 8.7% to Kshs 211.6 per litre, Diesel…

In the rapidly advancing world of smartphone technology, users are constantly seeking devices that push boundaries. OPPO Kenya’s latest offering, the Reno10 series, aims to deliver this experience. The Reno10 5G, a standout in this innovative series, is designed to provide users with unmatched charging speed and enduring battery life. The Reno10 series, a blend of state-of-the-art technology and unwavering commitment to user satisfaction, is a testament to OPPO’s relentless pursuit of innovation. SUPERVOOCTM: Lightning-Fast Charging The Reno10 5G leads the series with its super-charged 67W SUPERVOOCTM. Its large 5,000mAh battery can be fully charged in 47 minutes, and a…