Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Individual smallholder tea farmers affiliated with the Kenya Tea Development Agency Holdings will now own direct shareholding of the company alongside their respective 54 Tea Factory Companies, further cementing their ownership and proprietorship in the organization. The group through a statement said the move follows the resolutions of the KTDA Holdings shareholders, at a Special General Meeting (SGM) held in April this year, to amend the company’s Articles of Association. This will enable the allotment of the company’s shares to individual farmers under a new category of shareholders known as “Tea Farmers. “Each of the 54 Tea Factory Companies, through…

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The MultiChoice Group and the MultiChoice Talent Factory (MTF) have joined in the Africa Day celebrations with the Colours of Africa film series. The series will feature 16 films that were shot and directed by the MTF Academy’s Class of 2020. Viewers will enjoy films from East, West and Southern Africa brought to life by the talent honed at the MTF Academy. “ We are proud to honour Africa Day by celebrating the work of the MTF Academies’ Class of 2020,” says Yolisa Phahle, MultiChoice Group CEO of General Entertainment & Connected Video. From the East African Academy: Egna (Ethiopia),…

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Safaricom and Huawei have announced the trial of an innovative new solution for restaurants dubbed ‘Scan & Order’. The solution unveiled on Thursday helps restaurants digitise their menu and ordering systems enabling them to provide better customer service, optimize their menu and pricing strategies, and leverage the power of big data. “I want to thank Huawei, their R&D team and everybody behind Huawei in bringing this solution to life. Thank you Pete’s for being the 1st restaurant to have Scan & Order,” said Sitoyo Lopokoiyit, Managing Director of M-PESA Africa and Acting Chief Financial Services Officer. He was speaking during…

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Kenya’s real estate sector continues to evolve with each passing day. Kenyan homebuyers and those seeking to rent are increasingly seeking and adapting to the changing trends of homeownership that brings almost everything under one roof. On Thursday, BuyRentKenya.com Kenya’s leading property marketplace and Building in Kenya, held a webinar that brought together experts in the real estate and building industry to unpack what lies within and without the mixed-use developments. Across the country, whether in urban centres or newly thriving suburban areas, new construction or adaptive reuse, mixed-use development is steadily gaining ground as better and optional choices trend…

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Former Kenya Sevens head coach Benjamin Ayimba is dead. He was 44. The former Kenya Rugby Sevens head coach Benjamin Ayimba died while undergoing treatment for cerebral malaria at a Nairobi hospital Friday evening, bringing to an end his brave battle with illness for the last three months. Family spokesman Oscar Osir confirmed Ayimba’s death, telling the Kenya Rugby Union. “It is with great sadness that we announce the death of Benjamin on Friday 21 May 2021. He was born on 27 August 1976. https://twitter.com/StateHouseKenya/status/1396015517341728773?s=20 https://twitter.com/RailaOdinga/status/1395951654000812032?s=20 https://twitter.com/WilliamsRuto/status/1396008056840916992?s=20 https://twitter.com/orengo_james/status/1395956331685756930?s=20 https://twitter.com/mamangilu/status/1395966726098063360?s=20

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Kenyan President Uhuru Kenyatta on Thursday presided over the operationalization of the first berth of the Lamu Port, joining Mombasa Port as a key entry and exit point of cargo, deep into and out of Africa’s hinterland. The regional KShs 2.5 trillion is part of the Lamu Port-South Sudan-Ethiopia Transport Corridor project (LAPSSET) launched in 2012. When complete, the KShs 310 billion port will have 32 berths, 29 of which will be financed by the private sector, making it the largest deep-water port in Sub-Saharan Africa. “As a critical pillar of the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) corridor project, this…

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