Author: Khusoko

Fixed income securities have provided a ‘safer haven’ for investors in times of uncertainty. This was once again proven in 2020 when investors chose to overweight fixed income assets in response to the covid-19 induced shocks and uncertainty.  The shift in capital towards fixed income was also encouraged by central banks’ unprecedented response to the crisis with record interest rate cuts and unparalleled bond purchases. As 2020 winds down, news of a vaccine has seen a return of risky bets, albeit cautiously.  The partial reopening of economies has resulted in a partial return of pre-crisis economic activity, reducing the urgency…

Home buyers are opting for affordability and the need for bigger homes as a result of the pandemic according to Knight Frank’s the Kenya Buyer Survey 2020 survey. According to the report that sought to understand the impact the Covid-19 pandemic on residential markets, shows a shift in the buyer’s trends when it comes to choosing a residential home. Key findings from the survey include: Some of the key take-outs from the survey include: 32.0% of households are likely to move from their current homes to other house units over the next 12 months. Out of the population, 72.0% are likely to…

Britain and the European Union Thursday struck a free-trade deal 4 1/2 years since Britons voted 52% to 48% to leave the block. According to the deal, from January 1, the UK and EU will have a free trade agreement based on zero tariffs and zero quotas. British Prime Minister Boris Johnson tweeted,  “The deal is done.” “We have taken back control of our laws and our destiny,” declared British Prime Minister Boris Johnson. https://twitter.com/BorisJohnson/status/1342123159181516802?s=20 President of the European Commission, Ursula von der Leyen said: “It was worth fighting for this deal because we now have a fair and balanced agreement with the…

59 women in Business from 24 different organizations concluded a 3-day virtual training on integrating new technologies into their businesses. The training, organized by the Women in Technology Huawei (WITH) program, worked towards equipping the trainees with knowledge on how Artificial Intelligence (AI), Big data, and Cloud Computing would enhance their business operations. Out of the 88 trainees, 59 successfully completed the training hours required, hence being awarded their certificates of completion. This is the second cohort to receive cutting edge training in technology. The program is intended to foster inclusivity whilst encouraging the participants to integrate transformative technologies within…

Equity Group Holdings hit a balance sheet of Ksh 1 trillion Wednesday, becoming the first publicly listed lender in Eastern and Central Africa to reach the milestone. The lender said this was achieved following the acquisition and integration of its business with Banque Commerciale Du Congo (BCDC). Equity says achieving the trillion-shilling balance sheet lifts the visibility of the financial sector in Eastern Africa significantly to compete favourably with financial institutions in South Africa, West Africa and North Africa for project and development finance. Speaking when announcing this milestone from Kinshasa Congo where he was witnessing the migration of BCDC…

In 1999 the company was licensed to operate as a telecommunications services provider. Safaricom officially launched in October of 2000 with Vodafone owning 40% of Telkom Kenya. In 2002, it was converted into a public company with the government owning 60%. It made revenue of Ksh 9 billion in revenue and introduced the KShs 100 scratch card. The year 2003 set the pace for driving penetration into the mass market with the launch of Simu ya Jamii and per-second billing. These initiatives saw the company end the year with a 55.4% market share. The year 2004 saw Telkom exclusivity with…