Author: Khusoko

Kenya Orchards Plc says its net profit for the financial year 2020 will be lower by more than 25 percent compared to 2019. The company in its profit warning announcement said the  COVID-19 pandemic has adversely impacted its overall profitability, leading to the lower financial projection. “Most of our customers have been affected negatively by COVID19 and therefore overall business is down,” said the company. “This announcement is based on indicative financials of the company with regards to the year ending 31 Dec 2020.” Compared to its net profit of KSh8.43 million realized in 2019, it means the listed firm…

Society Supermarket a franchise network of retail supermarkets with branches in Limuru, Naivasha, Thika, and Meru has entered the Nyeri market with a bang by offering Equity cardholders rewards for making card payments for goods purchased at the news outlet. Equity cardholders with Visa, Mastercard, or American Express cards, who reside in or are traveling to Nyeri can now pay using their cards conveniently and securely for as low as Ksh 100 and at no extra cost. The offer kicked off on 9th October and ends on 18th October. For the period, every 10th shopper using their Equity Card during…

The Media industry has taken note of the National Security Advisory Committee (NSAC) statement issued on October 7, 2020, and the ratification of the same following a Cabinet meeting of October 8. The statement was issued in regard to increasing political activities that the government says are becoming a threat to law and order. Our particular interest and concern are in regard to constraints on media reporting of political events. We find this retrogressive and unnecessary interference in the work of the media and access to information by Kenyans. We are conscious of the threat posed by reckless political activities…

Cuban President, Miguel Diaz-Canel says he had spoken with Kenyan President Uhuru Kenyatta about two Cuban doctors, Assel Herrera and Landy Rodríguez kidnapped in Kenya 2019. President Diaz-Canel said jointly, they will work towards the safe return of the kidnapped doctors. “I had a fruitful telephone conversation with the President of Kenya, Uhuru Kenyatta, where we exchanged information on bilateral and multilateral agenda issues. We confirm that we will continue working together to achieve the safe return of Landy and Assel to the Homeland,” Diaz-Canel wrote on Twitter.   https://twitter.com/DiazCanelB/status/1314610957684006913?s=20 A similar conversation had been held on June 12, 2020. Wednesday,…

At least six people are feared dead after a boat they were traveling in capsized in Lake Victoria on Friday night.  Bunyala OCPD Jefferson Nyakundi on behalf of a multi-agency team, Kenya Navy and Kenya Coast Guard, 13 passengers on the ill-fated boat were on their way from Sigulu Island in Uganda to Sisenye beach in Kenya when the boat capsized.  “The boat was coming to Port Victoria from Sigulu island in Uganda when it capsized near Khanete island. The currents were very strong in the lake and the boat had overloaded. It had thirteen people, twelve passengers and its…

Family Bank has partnered with the Kenya Private Schools Association (KPSA) that seeks to support learning as the Ministry of Education undertakes progressive reopening of schools. The financing solution cuts across the needs of private schools with key focus on E-learning enabler that will see private schools access credit to finance ICT infrastructure and access to electricity through solar panels and biogas installations to support e-learning, purchase of sanitizing materials & equipment’s, facemasks for teachers, portable temperature equipment and meet other operational expenses. It will also finance the need to build additional classrooms to comply with the social distancing requirements…