The Central Bank of Kenya’s treasury bills auction was undersubscribed attracting bids amounting to Ksh10.9 billion against the targeted Ksh 24 billion. This translates to a performance rate of 49.57 percent compared to last week’s 52.33 percent performance rate. According to the CBK, the 91 days bills received bids worth Ksh2.73 billion against Ksh 4 billion. CBK accepted Ksh 2.25 billion at an average interest rate of 6.295 percent. The 182 days bills sought Ksh10 billion received bids worth Ksh3.16 billion representing a 31.62 percent performance rate. CBK accepted Ksh2.68 billion at an average interest rate of 6.63 percent. The…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
A gendered power imbalance has existed in our societies since time immemorial. Globally, and in Africa especially, there is a paucity of women in leadership roles. But COVID-19 has shown us that women are more than equipped to be the leaders that the world needs and longs for. Research has revealed that women-led counties such as Denmark, Germany and New Zealand handled the virus more effectively and efficiently. This points to the fact we urgently need to disabuse ourselves of the belief that men make better leaders. We need to start imagining and creating societies in which gender is not…
Kenya Bankers Association (KBA) says all is set as it prepares to host the Africa Regional e-Conference for Leading Women in Banking and Finance from 15th to 16th October 2020. The virtual summit themed “Breaking Barriers and Redefining Leadership in Africa,” will bring together senior women officials from more than 10 countries. The online event will enable networking, exchange of ideas, and inevitably promote gender diversity in leadership. The e-summit will consist of fireside chats, panel discussions, and interactive breakout sessions. KBA CEO, Dr Habil Olaka said, “The e-conference topics have been designed to showcase the immeasurable opportunity a gender-inclusive…
Estonian taxi-hailing firm Bolt, on Thursday, said it is focussing aggressively on expanding its presence in Kisumu and Nakuru towns with the launch of Bolt Lite. Bolt Lite category aims to make rides more affordable to customers, which in turn translates to more trips, hence stronger earnings for drivers. Ola Akinnusi, Country Manager at Bolt says they have been carrying out extensive reviews to ensure that they continue to provide the best earnings for driver-partners and still remain the most preferred platform by customers. “Our analysis indicated that a more affordable priced category will increase the amount of rides and…
Google has appointed Agnes Gathaiya director of its East Africa business replacing Mr Charles Njenga Murito who was moved to serve as government affairs and public policy director for Sub- Sahara Africa in February this year. She has more than 21 years of progressive experience in organizational transformation, focused on developing strategy, and providing commercial leadership in sales and business development. Prior to Google, Agnes was the Chief Executive Officer of Integrated Payment Services Limited (IPSL). READ Conversation with Agnes Gathaiya, CEO – IPSL, the Spirit of Progress She has held leadership positions in organizations including Deloitte Consulting as an…
Blackheads are clogged pores that form when the oil gland produces excess oil that can’t flow out of the pore naturally and gets stuck. The excess oil mixes with dead skin cells and debris in the pore lining, and once that mixture makes its way to the surface and is exposed to the air, it oxidizes, turning black. In other words, blackheads are essentially hair follicles that are blocked up with dead skin cells, oil, and bacteria, causing wide openings on the surface of the skin. The most annoying part about blackheads is the fact that once you happen to…