Author: Khusoko

Safaricom has announced the retirement of its long-serving senior executive Joe Ogutu, Chief of Special Projects and Acting Chief Business Development & Strategy Officer.  “Throughout his career, and indeed the 17 years he has been at Safaricom, Joe has built a reputation as an outstanding business leader, mentor, and coach to many; qualities that we at Safaricom have benefitted greatly from. The hallmark of Joe’s career and contribution to the success of Safaricom was his absolute willingness to step into an unexpected role whenever requested, even if it meant stretching his workload tremendously. All the CEOs of Safaricom, from Michael…

Kenya’s creative industry is losing KSh92 billion annually due to online piracy as the implementation of crucial parts of the Copyright Act is delayed, an industry lobby group says.  Partners Against Piracy (PAP) says Sh15 billion is lost through pirated music, Sh32 billion is lost to pirated video content and Sh5 billion is lost from cinema. The industry loses another Sh8 billion from television, Sh29 billion from pirated books, magazines and newspapers and Sh3 billion is lost in gaming. Mike Strano, PAP Interim Convener and  MyMovies.Africa Co-Founder said in addition, piracy costs the government over Sh12.69 billion in value-added tax, Sh2.49…

Chinese smartphone maker Oppo has unveiled its Reno series; OPPO Reno7 Series in East Africa. The OPPO Reno 7 series has a fresh new design, a feature-rich operating system with tons of options for customization and personalization, and several value-added features for an improved everyday experience. The Reno7 comes packed with impressive imaging features including Bokeh Flare Portrait, Selfie HDR, AI Portrait Enhancement, and many others so that users can capture the world in stunning, professional-quality portraits. https://twitter.com/OPPOKenya/status/1515966260013641729?s=20&t=u5KK4yn96vGe4D6bCWfB5A The Reno 7 series excels in all aspects of design, performance, and experience along with offering state-of-the-art portrait photography and videography capabilities.…

The COVID-19 pandemic has disrupted many economic sectors and allowed a number of them to accelerate their hitherto slow adoption of information technology systems for efficient service delivery. One of the showcase emerging sectors remains the education industry. This sector is now thriving with the adoption and use of Information and Communication Technologies (ICTs) in education systems, popularly known as “EdTech”. Global bodies such as the World Bank Group have stepped up engagements and support to help countries leverage EdTech investments to develop resilient hybrid learning systems. Locally, due to pressures occasioned by the COVID-19 pandemic, it is increasingly evident…

NSE NEXT which is the Nairobi Securities Exchange (NSE) derivatives market trades single stock futures and index future contracts. What is a Derivative? A derivative is an instrument that derives value from its underlying asset(s) which can be bonds, shares, currencies, or market indices; by itself, it is simply a contract between parties. Types of Derivatives Derivative contracts are traded on an organized exchange or over-the-counter (OTC). Derivatives are further categorized as Forward contracts, Future contracts, options, and swaps Forward contracts Involves the buyer agreeing with the seller to acquire an underlying Asset at a future date, and at a…

Kenya’s hotel industry is slowly recovering from the disruption occasioned by the effects of the pandemic. A number of hotels are only now re-opening their doors two years after the stringent lockdowns and travel restrictions that saw a dip in tourist numbers, physical meetings and guest occupancy. Those that remained open were only operating at a fraction of the capacity and incurred high operational costs as a result of the frequent cleaning, sanitization processes, and government regulations required to remain open. As the world begins to shake off the last of the crisis, the hotel industry is looking at various…