Author: Khusoko

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

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…

Read More

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…

Read More

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

Read More

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…

Read More

MultiChoice Group proudly owns the title of Africa’s most-loved storyteller and that brings with it a responsibility to not only invest in the development of authentic African stories, created by Africans but also to bring the best of Africa to its valued customers across the continent. As part of this commitment, MultiChoice will be launching its first African-focused telenovela channel, Novela Magic, to share the best African telenovelas on one easy-to-access platform. The channel will also honour the vast range of cultures and languages on the continent through a diversity of original homegrown stories and local creative talent. Novela Magic on DStv channel 165 will launch on Friday, May…

Read More

Djibouti’s Salaam African Bank has acquired 100 per cent shareholding of Uwezo Microfinance Bank Limited (Uwezo MFB) effective March 25, 2021. “This follows CBK’s approval on December 24, 2020 under Section 19(4) of the Microfinance Act and approval by the Cabinet Secretary for the National Treasury and Planning on January 12, 2021, pursuant to Section 19(3)(b) of the Microfinance Act,” the Central Bank of Kenya said in an emailed statement. Uwezo MFB was licensed by CBK on November 8, 2010 as a community microfinance bank carrying out business in Starehe Division of Nairobi County. The institution was granted approval to…

Read More