Prime residential sale prices in Nairobi rose 1.2 per cent over the past six months to December, property consultant Knight Frank Kenya said in its report released Tuesday. The marginal improvement is attributed to the re-opening of the economy and increased investment activity, compared to a 1.1 per cent decline in the same period in 2020. Prime residential rents remained unchanged over the past six months to December, compared to a 4.17 per cent decline during the same period in 2020. The stability in rentals is mainly attributed to increased occupancies across most high-end gated properties. The prime residential sector…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
One out of the two active forest fires that began Sunday night in the Aberdares has been contained, Kenya Wildlife Service (KWS) said Monday evening. Rhino Ark Charitable Trust said that the wildfires had been reported in the moorlands of the northern Aberdares and the Ngobobo area of Eburru Forest. “On February 6 two fires outbreaks were reported at Oldonyo Lesatima, Aberdare’s highest peak. One of the fires that was spreading towards the Satima area has now been extinguished. The second fire started at the peak and continued spreading towards the downslope. 90 per cent of the fire has been…
Telecom gear maker, Nokia has appointed Pius Ang’asa as Country Manager for Kenya. Pius will be the primary interface with local authorities and government and be responsible for establishing and leading the Country Sales Committee (CSC) to foster Nokia’s business in the country across all customer segments. Pius holds a degree in Engineering from Moi University and MBA from the University of Nairobi. He has over 21 years of experience in the telecoms industry in different geographies and roles ranging from project management and account management. Pius joined Nokia in 2011 as an Account Manager on the Airtel account and…
Senegal’s Teranga Lions defeated Egypt 4-2 on penalties in the 2021 Africa Cup of Nations (AFCON) final Sunday night, to lift the trophy at the Paul Biya Stadium, Olembé, in Cameroon. At the 120th minute whistle, the match ended in a 0-0 draw after both Senegal and Egypt failed to score. However, Senegal defeated Egypt on penalties to win their first-ever AFCON. Sadio Mane scored the winning penalty to give Senegal their first-ever AFCON. Senegal 0 Egypt 0 After extra-time – Senegal won 4-2 on penalties Senegal: E. Mendy, B. Sarr, Koulibaly, Diallo, Ciss, Kouyate (P. Gueye 66’), N. Mendy, I.…
The Indomitable lions dusted their initial defeat from Eqypt to triumph against Burkina Faso on penalties in the third-place play-off at the Africa Cup of Nations at the Ahmadou Ahidjo Stadium on Saturday night. Cameroon, the tournament hosts won 5-3 on penalties, having lost in a shootout to Egypt in the semi-finals on Thursday. Toni Conceicao’s side battled back from three goals down to clinch an unlikely victory in the end. The Stallions were two goals up at the interval thanks to Steeve Yago’s 24th-minute opener and an own-goal from Andre Onana. Djibril Ouattara added a third four minutes into…
Kenya Breweries Limited (KBL), will sponsor the 2022 Magical Kenya Ladies Open with Ksh 25.5 million through its premium spirit brand Johnnie Walker. The four-day Ladies European Tour (LET) sanctioned tournament begins 10th – 13th February at the 18-hole PGA Baobab Course at Vipingo Ridge, Kilifi County. This is the only LET-sanctioned women’s professional golf competition in the East African region. “This is part of our continued commitment towards supporting the growth of golf in the country, which is currently on an upward trajectory. Through this sponsorship, we aim to cement our relationship with the tournament, which has proven to…