Author: Khusoko

Standard Bank Group, Citi, CDC Group and Norfund have partnered to provide a USD75M equivalent KES-denominated Sustainable Finance Facility for Greenlight Planet Kenya, Africa’s leader in off-grid solar home solutions. The landmark facility is one of the first sustainability-linked deals in Kenya and one of the largest syndicated sustainable finance deals in the region to be provided in local currency. The transaction will allow Greenlight Planet to expand access to off-grid solar solutions to off-grid communities throughout Kenya and support its ambitions to reach an additional 10 million households globally in the next 5 years by enabling households to afford…

Vodacom Group has named Stephen Chege as its new Chief External Affairs Officer.  He will be reporting to the Group’s CEO Shameel Joosub effective 15th November 2021. His role covers the Vodacom Group markets including South Africa, Tanzania, DRC, Mozambique, Lesotho and Vodafone Ghana. “Steve will take up the role at Vodacom Headquarters in Johannesburg and will be responsible for Group Regulatory, External and Corporate Affairs, Public Policy, Communication Strategy, Media Relationships, Group Corporate Social Investment (CSI) and Sustainability,” Peter Ndegwa, Safaricom Chief Executive Officer said confirming the appointment. He will also continue supporting Safaricom Telecommunications Ethiopia PLC and Safaricom PLC.…

TECNO, on Monday, unveiled its new smartphone series– the CAMON 18 Premier, CAMON18P and CAMON18 in Kenya. The CAMON 18 Premier is the first TECNO product to take Ultra-steady Gimbal Camera technology innovations to create a brand-new experience for users. Tecno Kenya brand manager Shiva Zhong, said that the company was committed to its long-term commitment to Africa and other emerging markets across the globe. “Tecno and the Camon series, in particular, has been about introducing cutting-edge and stylish smartphones to the global emerging market. By using the African market as a launchpad, we have been able to achieve a…

HeidelbergCement, a German multinational building materials company has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement.  In a statement, the company says through the transaction, it will secure an important limestone quarry with measured resources for at least 30 years on top of its already existing reserves. The quarry and the associated cement plant with a capacity of 1.3 million tonnes of Tanga Cement are located in the Northern part of Tanzania.  This will strengthen its local business and create significant synergies with its existing assets in Tanzania through its…

Gaming is expected to hit $1.4 billion in 2021. Gaming is a competitive online video gaming involving humans and audiences. In Kenya, the gaming craze has caught on with a growing number of talented Kenyan professional gamers who initially turned to games as a way of socializing. Researchers say that Africa’s gaming market will grow 12 per cent by 2025 fueled by the huge youthful population. This has led to an increase in the demand for gaming devices. It has also led to increased innovations among device makers. Initially, gamers preferred the use of a computer/laptop to play. With time,…

While mental health is not an often spoken subject, the events of the last two years have brought it to the fore. Unsurprisingly, the COVID-19 pandemic has resulted in a considerable increase in the number of agitated, nervous, or bereaved Kenyans owing to a sense of isolation caused by remote work, job insecurity, and health care. With one in every four Kenyans suffering from a mental illness, mental health and family protection should be a responsibility shared by everyone, including family, friends, coworkers, and employers. For businesses, a healthy workplace is one in which employers and employees work together to…