Author: Khusoko

Kenya has extended the night curfew and other COVID-19 measures aimed at minimising the spread of the virus as schools re-open. On Sunday, Interior Cabinet Secretary Fred Matiang’i cited an Executive Order issued by President Uhuru Kenyatta. “The President has issued an Executive Order extending some of the containment measures to ensure that the eco-system within which our children are going to school remains manageable,” he said. The measures extended include the closure of bars by 9 pm as directed by the President on November 4 when he revised the night curfew to start from 10 pm to 4 am.…

The Kenya Shilling depreciated by 7.7% in 2020. The currency closed at Kshs 109.2 against the US Dollar, compared to Kshs 101.3 recorded at the end of 2019. According to Cytonn Investments, the depreciation was driven by the decline in dollar receipts from dollar-earning sectors such as tourism and horticulture in addition to high demand for hard currency from investors. Consequently, the county’s foreign exchange reserves have been on the decline but well above the statutory requirement of maintaining at least 4.0-months of import cover, and the EAC region’s convergence criteria of 4.5-months of import cover. Cytonn maintains a neutral…

Kenya formally joined the UN Security Council as a non-permanent member for a two-year term. Regional peace and stability will shape Kenya’s agenda at the UNSC based on its 10-point agenda. “Kenya will focus on matters that really matter which are peace in Somalia, supporting South Sudanese government, fighting terrorism, and work with regional governments to improve the East African region, ” President Uhuru Kenyatta. Kenya’s pledges Building bridges: Strong advocate for a reformed, strengthened and representative United Nations rooted at the centre of a rules-based international system. Kenya will promote a culture of peace, tolerance and of respect for…

Having suitable car insurance is both prudent and smart, but there’s no question that it adds to the expense of driving. The good news is that premiums can vary by hundreds of shillings depending on a number of factors. Review your coverage at renewal time to make sure your policy is in line with your needs, and follow these practical steps to reduce the bottom line on your car policy. Price comparison Prices for the premiums differ from one underwriter to the other, so it is wise to shop around and compare prices. You can download mTek Services App from…

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…