Author: Khusoko

Gone but not forgotten Indeed you are gone, It dawned today, That soon you will be gone, But remember, You will be gone but, In my heart, you will remain, Gone but not forgotten. How will I cope up, With all the loneliness, With all your absence, Never to be seeing you, For the whole day, For the whole week, For the whole month You will be gone, But remember, it will never occur, Even at one time That out of sight Out of mind In my mind sweety, You will always be. I will be missing you…

The headline inflation for July decreased to 4.36 percent in July compared with 4.59 percent in June, driven largely by lower food and housing prices during the month. According to the Kenya National Bureau of Statistics, on a monthly basis, inflation was 0.08 percent from 0.31 percent in June and is expected to remain within the target range in the near term. On Wednesday, the Central bank’s Monetary Policy Committee (MPC) said inflation was well anchored, thanks to muted food price pressures, weakness in local demand as well as the impact of the reduction in VAT on prices of goods. During…

Michael Joseph is the new Safaricom’s Chairman of the Board with effect from 1st August 2020 following the retirement of current long-serving Chairman Mr. Nicholas Nganga. The telecommunication company announced the organizational change Thursday.  Michael takes over from Mr. Nicholas Nganga who has been the chairman of the board since 2007.  Mr. Nganga joined the Board in May 2004 and was elected Chairman in January 2007. He has steered the company through various milestones over the 13 years he was at the helm.  During his tenure as chairman. Mr. Nganga has been instrumental for the monumental growth that the telco…

East African Breweries Limited (EABL) posted a 39 percent drop in net profit to KSh7 billion for the year ended June 2020 with net sales for the second half of the year dropping by 29 percent. This is from KShs 11.5 billion in the previous year. The brewer said its second-half decline was due to the impact of the Covid-19 pandemic which saw containment measures implemented across East Africa from late March 2020.  The pandemic impacted EABL’s business performance after three consecutive double-digit halves of growth, with profit for the year declining by 39% to KShs 7 billion from KShs…

As the pandemic rages on, the chance to capitalize on the growing student demographics by leveraging local insights to provide high-quality accommodation in the right location at affordable costs remains a real opportunity for residential investors in Kenya. The COVID-19 pandemic has put into sharp focus the expanded skill set now necessary for real estate success.  To reach fruition, real estate projects now require advanced financial acumen and support as illustrated by Kenya’s innovative venture into the student housing market earlier on in the year. Student housing has emerged as one of the strongest investment cases in East African real…

Waeni Ngea has been named Company Secretary of Bamburi Cement effective 25th July 2020. She takes over from Betty Kanyagia who resigned. Waeni is a practicing advocate experienced in legal and corporate governance matters and recently joined the firm as its Head of Legal & Compliance. Prior to joining the firm, she worked with British American Tobacco Kenya as head of Legal and Company Secretary from April 2018.  She has also been with Unilever Kenya Limited as Legal Counsel, supporting the East African region. She holds a Bachelor of Law degree(LL.B) from the University of Nairobi and a Diploma in…