Author: Khusoko

Jumia is Africa’s leading e-commerce platform, on Tuesday announced that Betty Mwangi will succeed Sam Chappatte as CEO.  Maina will focus on accelerating corporate growth as the company continues to expand its already strong position as the number one shopping online platform. Sacha Poignonnec and Jeremy Hodara, co-CEOs of Jumia extended their appreciation to Chappatte after working for them for seven years, five of which were spent as Jumia Kenya’s CEO.  “We have achieved tremendous progress under his leadership, and wish him the very best in his new endeavors,” they said. Sacha Poignonnec and Jeremy Hodara, co-CEOs of Jumia, said,…

Edelman Africa, a pan-African communications consultancy, has named Corazon Sefu Wandimi as the new managing director for its Kenya office. This is part of the firm’s plans to strengthen local connections through global best practices. She takes the role from Portia Gibbs, who has worked in the Kenyan office since its inception in February 2020.  “Wandimi’s strong profile in the public relations and communications sector has made her a natural fit for the position,” the firm said in an emailed statement. It added that “Wandimi brings a wealth of experience and a significant network of contacts to her new role.”…

Duka is a common term in Kenya. It simply means shop. The term is used to refer to micro-retailers in Kenya who sell goods and services to Kenyans. These micro-retailers sell their products in small quantities and at affordable prices, making them the darling of many, especially the low-income households. In Kenya, micro retailers supply nearly 80 per cent of all consumer goods sold to low-income communities. The micro and small-enterprise (MSME) sectors are incredibly important, accounting for 30 per cent of Kenya’s GDP and employing more than 8 million people directly and indirectly. Due to COVID-19, micro-retailers have taken…

The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines for listed companies. The guidelines are in line with the Companies Act, 2015, which introduced the share buyback option for publicly-traded firms. The objective is to enhance investor protection, promote liquidity and ensure transparency in share buyback transactions. “The maximum share buyback price of the shares to be purchased shall be ten per cent above the weighted price average of the shares during the period of 30 days before the day of the board resolution approving the share buyback,” part of the Guidelines on…

Kenya bagged five awards at All Africa Music Awards on Sunday night at the Eko Hotel in Lagos, Nigeria. The annual event was established by the International Committee AFRIMA, in collaboration with the African Union to reward and celebrate musical works, talents and creativity around the African continent while promoting the African cultural heritage. Nikita Kering scooped two awards at this year’s gala award, the Best Female Artiste East Africa and Best Artiste, Duo/Group in African RnB and Soul categories. Sauti Sol emerged winners as the Best Group in Africa, while Rash Band bagged the Best in African Rock award.…

Entrepreneurship is like a long and treacherous journey. There are ups and downs. Sometimes one wins, and sometimes one loses. The secret lies in always pushing, having the will, energy, and zeal to rise after every fatal fall. Being an entrepreneur in Africa is not a walk in the park. There is a myriad of challenges that will bring one down within a blink of an eye. Any avenue that cushions entrepreneurs against a fall and maximizes their profits is worth rushing for. Entrepreneurship is often categorized under micro and small businesses. These micro and small businesses form the backbone…