The equities market continues to be dominated by foreign investors at the Nairobi Securities Exchange(NSE). The week ending October 9, 2019, they accounted for 56.3% of the week’s total activity, compared to 74.5% in the previous week. “Foreign investors were net sellers, reversing a three-week trend, logging net outflows of Ksh 38.1 million compared to a net inflow of Ksh 249.6 million in the previous week,” reported Genghis Capital, an Investment Bank in Kenya. During the week, the equities market recorded mixed performance with NASI and NSE 20 gaining by 0.3% and 0.7%, respectively, while the NSE 25 declined by…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Brigid Kosgei broke the women’s world marathon record at the 2019 Chicago Marathon running in a time of 2:14:03 on Sunday. https://twitter.com/ChiMarathon/status/1183395592405434370?s=19 She trounced Paula Radcliffe’s 2:15:25 by 71 seconds set in 2002. Ababel Yeshaneh of Ethiopia, was second in 2:20:51. Gelete Burka of Ethiopia was third in 2:20:55. https://twitter.com/ChiMarathon/status/1183398806030823424?s=19 This was her third time competing in the race. In 2017, she was second after clocking 2:20:22. In 2018, she was triumphant with an improved time of 2:18:35. In an interview with Daily Nation ahead of the Chicago Marathon, she said she had prepared well. “I have done proper preparations…
The International Day of the Girl Child 2019 was celebrated under the theme “Girl Force: Unscripted and Unstoppable”. Its main objective is to empower girls and help them to get their rights so that they can face the challenges all over the world and meet their needs. At the same time, spreading awareness about eliminating gender biases against girls around the world. This theme also celebrates the achievements by, with for girls since the adoption of Beijing Declaration and Platform for Action. As depicted from a well-known African proverb, “If you educate a woman, you educate a nation”, It is…
The race will start at Ndalat Hills (Paul Boilt Farm) and registration is free. October 19th will mark the 11th annual Isaiah Kiplagat Ndalat Gaa Cross country championships that will be held in Nandi County. The race categories are; 500M for 5-9-year-old children, 4KM for 10-14-year-old boys and girls, 6KM for secondary school students, 8KM for junior men and women, 10KM for senior men and women, and 2 KM for Veterans. “This is one of the most interesting races in the Safaricom Athletics Calendar, because it involves the community at all levels. With a strong foundation laid by the late…
Peace does not arise from the actions of one party alone. When Prime Minister Abiy reached out his hand, President Afwerki grasped it, and helped to formalise the peace process between the two countries – The Norwegian Nobel Committee The Nobel Peace Prize for 2019 has been awarded to the prime minister of Ethiopia, Abiy Ahmed Ali for his efforts to ” achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea.” https://twitter.com/AbiyAhmedAli/status/1182654104545439745?s=19 Ali became prime minister in April 2018 and made it his priority to resume peace talks…
“I am running to make history, to show that no human is limited. It’s not about money, it’s about showing a generation of people that there are no limits,” Kenya’s world record holder Eliud Kipchoge, told reporters ahead of his second attempt to break the two-hour mark in the INEOS 1:59 Challenge in Vienna on Saturday 12 October 2019. Kipchoge broke the official marathon record by running 2:01:39 in the 2018 Berlin Marathon. Last month, Ethiopia’s Kenenisa Bekele fell two seconds short of that mark in this year’s race. “Running Berlin and running Vienna are different. Running Berlin is for winning…