Multichoice also owns GOtv – a digital TV provider, and Showmax – an on-demand streaming service. Gotv competes with cheaper digital tv providers, while Showmax competes with the likes of Netflix.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya’s banking industry enjoyed robust growth in terms of assets, liabilities, and liquidity conditions. According to the Kenya Bankers Association’s State of the Banking Industry (SBI) Report 2022, the sector’s overall profitability recovered, as the average return on assets and equity went up to 3.3% and 22.1%, respectively, from 2.0% and 13.3% in 2020. Part of the report reads: “The improved profitability reflected the economy’s recovery from the pandemic’s depressing effects.” During the period, the banking industry’s total assets grew by 11.4% to Ksh 6.0 trillion from Ksh 5.4 trillion in 2020, driven by growth in investments in government securities…
The bonds are currently trading in the secondary market at yields of 11.7%, 13.5% and 13.9% for FXD1/2022/03, FXD2/2019/10 and FXD1/2021/20, respectively.
After months of a successful public trial, President Uhuru Kenyatta officially launched Kenya’s iconic Nairobi Expressway. “Since we opened the road for public trials in April, it now takes between 15 and 24 minutes to drive from Mlolongo in Machakos County to Rironi in Kiambu County. Before the expressway, that journey would take at least three hours which is the equivalent of flying to Addis Ababa and back,” he said. https://twitter.com/StateHouseKenya/status/1553724175189172224?s=20&t=lOqdMzbLuw7GvFqxeoUEXw “This project has not been financed through debt or Government funds. As the first Private Partnership (PPP) road project in Kenya, Nairobi Expressway marks the Kenya Government’s pivot towards…
China received the first consignment of fresh avocado exports from Sunripe Kenya on Wednesday after reversing an initial requirement that only allowed frozen produce. China’s MFA African Affairs Department Director-General Wu Peng tweeted, “First batch of Kenyan fresh avocado arrived in Shanghai on July 27! “I’m told Chinese importers show strong interests in these high-quality avocados and plan to import in a bigger scale. I look forward to more good news on the import of African agri-products.” https://twitter.com/WuPeng_MFAChina/status/1553032615858421760?s=20&t=MV_tHOVxjwYHeyd5w6m1qQ Agricultural firm Kakuzi PLC also said it had received approval to send its Hass variety of avocado consignment to be shipped out…
Kenya’s ICT Cabinet Secretary, Joe Mucheru, says the government has no intention of shutting down the Internet during the electioneering period. “Media, including social media, will continue to enjoy press freedom in Kenya,” Mr Mucheru said. “[It is] not clear what legal framework NCIC plans to use to suspend Facebook. The government is on record. We are not shutting down the Internet.” https://twitter.com/mucheru/status/1553271302005334016?s=20&t=qKHkTu4rTQuWSQM2WOGI9Q His remarks are in response to the National Cohesion and Integration Committee’s (NCIC) threat to suspend Facebook in Kenya. NCIC Commissioner Danvas Makori had said Facebook’s non-observance to the regulations by the hate-speech monitoring delegation. “We have…