Author: Khusoko

The Central Bank of Kenya (CBK) is inviting bids for its Ksh 50 billion Infrastructure Bond (IFB) with a tenor of 16 years (IFB1/2021/16) to fund infrastructure projects in the current fiscal year. This is the second bond with the 2020/21 fiscal year after the re-opening and tap sales of FXD1/2012/15 and FXD2/2019/15 in December 2020.  Investors are required to submit their bids for the bond at a minimum of KSh 100,000, whose sale closes on 19th January 2021. The Bond has a value date of 25th January 2021.  Bids for the 16-year infrastructure bond close by 2 pm on…

Wazito FC took only 21 minutes through Kevin Kimani’s  close range finish to maul the Leopards during Saturday’s FKF Premier League played at Utalii Grounds. In other matches played Saturday. Sofapaka FC had a 4-2 victory over Mathare United at the Dawson Mwanyumba Stadium in Wundanyi, Taita Taveta. Lawrence Juma’s hatrick and Nixon Omondi’s first half strike earned Batoto Ba Mungu the second win of the season. https://twitter.com/FC_Sofapaka/status/1347909884529025024?s=20

NMB Bank Plc, Tanzania’s largest bank by assets, concluded the transfer of 174.5 million shares to Arise, Rabobank investment arm.  This is after it received regulatory approvals from the Capital Market and Securities Authority (CMSA).  Arise B.V, an investment platform, is a leading African investment company (holding company) which is backed by reputable cornerstone investors.  NMB Chief Executive Officer, Ruth Zaipuna, said, “The successful completion of the share transfer is a testament of investors’ confidence on the Institution and the Country at large.”  “The collaborative partnership between Arise and NMB is envisaged to deliver substantial operational, commercial, organizational and financial benefits with…

ICEA Lion Life has appointed George Nyakundi, an experienced insurance professional with a demonstrated thirty-year experience across the East African Insurance Industry as the Company’s Chief Executive. He takes over from Justus Mutabari Mutiga, who has retired after 27 years with the firm.  “Justus joined Insurance Company of East Africa (ICEA) in 1994 and demonstrated strong leadership and technical expertise,” said ICEA Lion Group chairman James Ndegwa. “ICEA Lion Group has benefited immensely from his contribution and we look forward to retaining and tapping into his wealth of knowledge as he joins the holding company board as non-executive director.” Nyakundi…

Kenya Flower Council, the representative body for growers, exporters and relevant cut-flower and ornamentals value chain actors, says implementation of the Horticulture (Crops) Regulations need to be halted. The council in a statement Tuesday said the implementation of the regulations which took effect on January 1st have increased Agricultural Produce Cess levy from the previous 30 cents per kilo to 0.25% of the customs value.  “This translates to at least four times what exporters have been paying until December 2020,” Clement Tulezi, CEO KFC said. “We would like you to note that despite our continued engagement on the Horticulture (Crops)…

Budget airline Jambojet said on Tuesday announced a 72-hour sale, offering 10,000 seats at a discounted rate of Ksh 2,100 one way to usher in the new year. The three-day sale is part of the #NowTravelReady campaign which will run from 5th January to 7th January 2021. The tickets will be valid for local travel between 11th January and 20th March 2021. https://twitter.com/FlyJambojet/status/1346177697161093122?s=20 “Throughout 2020, we provided our customers with attractive incentives to encourage them to fly in the new normal. As we start the new year, we remain committed to providing affordable, safe and reliable experience with the customer…