The National Security Advisory Committee (NSAC) held a meeting today, 7th October 2020, to consider the current political activities in the country and their implications on national security. NSAC noted that the country is experiencing growing political tension that is creating division and pitting sections of politicians and their supporters against perceived opponents. This situation is increasingly polarizing the country along ethno-political lines, and therefore undermining national cohesion, peace and security and derailing our transformative economic agenda. The unchecked utterances and political weaponization of public gatherings continue to undermine law and order within the country. This disregard of the law…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The 2020 Nobel Prize in Literature has been awarded to American poet Louise Glück “for her unmistakable poetic voice that with austere beauty makes individual existence universal.” The prize was announced in Stockholm by Mats Malm, the permanent secretary of the Swedish Academy. According to the Academy, Glück “seeks the universal, and in this, she takes inspiration from myths and classical motifs, present in most of her works.” Her 2006 collection Averno was a “masterly collection, a visionary interpretation of the myth of Persephone’s descent into Hell in the captivity of Hades, the god of death”. Other literary awards she…
Standard Investment Bank’s Online Forex Trading Money Manager’s Q3 2020 performance for its MansaX product generated an annualized return of 23.3 percent for the 9 months of the year 2020. This translates to a 1.21 percent increase compared to the same period in 2019 when MansaX reported an annualized return of 22.09 percent. “In the final quarter of the year, our priority remains not only giving our clients the best returns but also maintaining the conservative trading model which ensures we protect investors’ capital. To that end, we will continue to trade cautiously, using our long/short model, which is ideal…
The Kenya Revenue Authority(KRA) Board of Directors has appointed Mrs. Rispah Simiyu as the new Commissioner for Domestic Taxes effective 22nd October 2020. Mrs. Simiyu who is currently serving as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket will be assuming her new role from Elizabeth Meyo who has retired after 24 years at KRA. Meyo who has been in charge of the domestic tax unit since her appointment in April last year has been accredited as the force behind iTax, an online tax filing system developed by KRA to enhance efficiency and boost tax collection. …
Cuba has denied that two doctors, Assel Herrera and Landy Rodríguez kidnapped by suspected Al-Shabaab militants in 2019 have been released. “I deny the information circulating this morning (Wednesday) about the alleged liberation of the two kidnapped Cuban doctors, Assel Herrera Correa and Landy Rodriguez Hernandez,” said Juan Antonio Fernández Palacios, general director of Press, Communication and Image of the Ministry of Foreign Affairs of Cuba. “Considerable efforts are ongoing to ensure their freedom and their safe and healthy return to our country.” https://twitter.com/CubaMINREX/status/1313827602126311424?s=20 Herrera, a general practitioner, and Rodriguez, a surgeon, were abducted in Mandera, near Kenya’s border with…
Kenyan Premier League club AFC Leopards have secured Galana Oil Kenya Limited as its sponsor for their pre-season ahead of the 2020/21 campaign. “AFC Leopards has today partnered with Galana Oil Kenya Limited to co-sponsor our preseason training in preparation for the 2020/21 season,” read a statement on AFC Leopard’s official website. Galana Oil Kenya Limited operates Delta Service stations across the country and is the sole distributor of ENOC Lubricants in Kenya In June, Ingwe signed a sponsorship deal with betting firm BetSafe which will see it get Ksh 40 million annually. “We are very proud to announce this…