Author: Khusoko

Sarova Stanley’s Thorn Tree Cafe will be closed temporarily after two employees tested positive for COVID-19. The hotel in a statement on Saturday said the two employees are in a stable condition and in isolation. “Sarova Hotels and Resorts confirms that two of our employees at Sarova Stanley Thorn Tree Café have tested positive for Covid-19. The two are currently in a stable condition and in isolation as per the ministry of Health guidelines.” It further said it has implemented its health, safety, and compliance protocols which include fumigation and disinfection of the entire hotel. “We will also be reapplying…

By 2030, fifth-generation (5G) related initiatives will contribute over $7.5 trillion to the global gross domestic product (GDP) compared to $5.1 trillion 4G contributed in 2019. This is according to Dimitris Mavrakis, research director of ABI Research, highlighting the impact of 5G technologies on the global economy, businesses, and consumers across the globe. Mavrakis noted that the low latency, high-speed 5G connectivity has opened infinite opportunities for businesses, resulting in productivity gains and operational efficiency, boosting economic growth. He was speaking at the Huawei 5G+, Better World Summit, where various operators and industry partners shared their view on how 5G…

Cassava is a highly resilient, nutritious food security crop, feed and industrial crop that can greatly contribute to improving the food security and livelihoods of smallholder farmers in Africa. Due to its low input- high output nature, efficiency in water use, and tolerance to drought, pests and diseases, cassava is a popular crop in many rural smallholder households. Unfortunately, farmers have experienced massive losses of up to 98% due to the effects of climate change and diseases like Cassava Mosaic Disease and Cassava brown streak disease (CBSD) CBSD causes roots to rot which renders the cassava tuber inedible, resulting in…

The Covid-19 pandemic has disrupted business and defined a new normal. Most operations have been migrated to virtual platforms to ensure business continuity even at the minimum.  The pandemic has hit the country at a time when the annual tax returns filing exercise starts to gather momentum. The Kenya Revenue Authority (KRA) is among the government agencies that handle the biggest number of walk-in customers.  A few years ago, the numbers would grow monumentally during the filing season as taxpayers visited KRA offices countrywide to submit their tax returns. This was before KRA automated returns filing and tax payment through…

Kenya hopes to raise coffee production to 100,000 metric tonnes annually from the current 40,000 metric tonnes annually.

ABSA Kenya Plc announced a normalised profit after tax of Kshs8.5 billion for 31 December 2019, as rebranding costs ate into its bottom line. However, the lender said it was pleased with the financial outcomes, ‘Which are a validation that our strategy is working. It disclosed that it spend Ksh 1.5billion in the rebranding exercise into Absa. “The performance is mainly attributable to a 7% growth in total income, 1% growth in operating costs partially offset by a 9% growth in impairment,” the Nairobi Securities Exchange-listed lender said on Tuesday. Normalized earnings are adjusted to remove the effects of seasonality,…