Author: Khusoko

Kenya Rugby Union on Tuesday named Innocent Simiyu as head coach for the Kenya 7s Team effective 1st October 2020. Simiyu replaces Paul Feeny, who left the team in June. The appointment of Simiyu comes after an intensive interview process in August in which he topped a short list of four candidates Simiyu, Dennis Mwanja, Paul Murunga and Nick Wakley.  According to KRU, he was unanimously selected by the panel as the best candidate to lead. “Following a KRU board meeting on Monday 1st September 2020, we would like to confirm Simiyu as the Head coach having attained top marks…

The Central Depository and Settlement Corporation (CDSC)  says it has made a final payout of KSh 935.9 Million to investors in the mobile-traded government bond, M-Akiba. The amount includes Ksh.44.6 million in interest and Ksh.891.4 million in principal amounts paid to 13,592 investors.  Since its launch in 2017, a total of Ksh.312.4 million has been paid out as interest to M-Akiba investors across five issues which raised Ksh.1 billion in proceeds to the National Treasury. M-Akiba was first issued on 30 June 2017, after a successful pilot phase launch of M-Akiba 1 on 23 March 2017. The M-Akiba retail bond…

Mr. Keith Hansen is the new World Bank Country Director for Kenya, Rwanda, Somalia, and Uganda effective September 8, 2020. He will be based in Nairobi. He takes over from Carlos Felipe Jaramillo who was appointed as the Vice President for Latin America and the Caribbean region. He is is a senior adviser for the World Bank.  He was previously the Vice President for Human Development, overseeing the Global Practices for education; health, nutrition, and population; and social protection and labor. Mr. Hansen also served as acting vice president for the World Bank’s Human Development Network. He was the human…

Mdundo on Friday listed its shares on the Nasdaq First North Growth Market aimed at raising additional funds for its growth into new African markets. The Kenyan-based streaming platform will be trading on Nasdaq Copenhagen in Denmark, after a two-week presale period that raised $6.4m. During the period, the company’s share sale offer was oversubscribed by 111% from 2,914 investors. “Mdundo currently has 5 million monthly users, but our potential is more than 30 times greater,” Mdundo CEO Martin Nielsen said. “With a steep growth curve and a very scalable solution, we plan to invest further in user growth to…

Benson Ochieng, one of the outstanding players in the second edition of Chapa Dimba Na Safaricom, has signed a five -year contract with Kenya Premier League side Gor Mahia. The 18-year-old striker was signed on 1st September 2020 with a statement on Gor Mahia’s website confirming the teenage sensation had joined the club. Ochieng made history by becoming the first player to score a hat-trick for Western Stima in a KPL match. This earned him a KPL Sports Journalist Association of Kenya (SJAK) player of the month award in December 2019, becoming the third Western Stima player to win the…

Bruno Thomas has retired as an independent director on the East African Cables board by rotation effective Sept 3. The cable manufacturer, Bruno has served as a technical advisor for 14 years. “His contribution to the company is evident in the transformation and modernization of our manufacturing facilities to world-class status. Mr Bruno leaves a legacy of safety, quality conformance, cost optimization and efficiency in production,” said the board in a statement. According to EAC, each Non-Executive Director serves the Board for a term of three years which is renewable. In accordance with the company’s Articles of Association, non-executive directors…