Kenya and the Democratic Republic of Congo (DRC) reaffirmed their strategic partnership by signing four framework cooperation agreements covering several economic sectors, security and defence as well as maritime transport. Among the four pacts, signed on the second day of President Kenyatta’s three-day State visit to DRC, is the general cooperation agreement which provides a framework for joint promotion of economic, technical, scientific and socio-cultural programmes. Also signed were two separate bilateral agreements on security and defence which provide mechanisms for cooperation between Kenya and DR Congo in areas such as counterterrorism, immigration, cybersecurity, and customs and border control. In…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Safaricom will mark the seventh Safaricom Youth Orchestra graduation ceremony on Sunday. This will be the second year in a row it is being conducted virtually. It will be streamed on Safaricom’s YouTube Channel from 2 PM East African time. 11 music students are set to graduate and will be awarded certificates in orchestral music having learnt to play various instruments ranging from the Flute, Alto Sax, Trumpet and Violin. “Music education is highly beneficial to students’ well being and development. In line with our purpose of transforming lives, Safaricom is dedicated to continuously support and invest in music platforms such…
Smartphones have been a part of our lifestyle for several years now. In 2012, smartphones became very popular as before, users were content with the mulika mwizi (feature phone) which at the time served the required needs. Over the years, the smartphone market has grown one with increasing innovative trends. One of the major evolutions that happened in the smartphone industry is that of the charging technique and speed of charging. The first smartphones that came to the market had slow charging systems which required lengthy amounts of time to get the device fully charged. This sent manufacturers to the…
Kenya’s Equity Group Holdings has seen an increase in the number transactions happening at its alternative channels accounting for over 62.6 per cent in value. Transaction value within its branches, accounting for only 37.4 per cent. According to data from the Bank’s full-year 2020 financial results, digitization enabled 98 per cent of all the Group transactions to happen outside the branches with 85 per cent of the transactions being on self-service mobile and Internet banking and 12 per cent of the transactions happening on Agency and Merchant banking third party variable cost infrastructure. “Adoption of digital payments was accelerated with…
Canon Central & North Africa (CCNA) has appointed four new value business partners in key markets – and cementing its footprint across the region. This is to provide CCNA, a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe a strong network and deep market expertise in the continent. Ben Gossage Sales & Marketing B2B for Canon Central & North Africa says this is attributed to key findings from the first-ever Middle East and Africa study on the State of the Printing Industry – conducted by Canon in conjunction with print industry news leader ME Printer…
Family Bank Kenya has redeemed its five and half years (5 and ½ year) Medium Term Notes (MTN) worth Ksh 2.0188 Billion that was due on 19th April 2021. As a result, bondholders have been paid their principal together with the accrued interest of the final six months. The notes included Fixed Rate Notes with a 13.75 per cent coupon, Mixed Rate Notes with a 14.00 per cent coupon and Floating Rate Notes with a 182-day T-bill coupon rate plus 250 basis points. “We wish to thank the investors who participated in the medium-term note. The MTN which was issued…