Kenya’s National Treasury has re-opened the sale of Ksh 500 million mobile-based infrastructure bond M-Akiba for infrastructure development. The sale began on Monday, August 19 and runs up to September 6. The reopening will see investors once again offered 10 percent in tax exempt-fixed-rate payable semi-annually with a tenor of 3 years. The bond will start trading at the Nairobi Securities Exchange on September 10, 2019. The minimum investment is Ksh 3,000 being paid using mobile money and Pesalink. (On MNO, a maximum initial amount of Ksh 140,000 per investor per day shall apply and Ksh 999,999 per transaction with…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Nairobi will host an international boot camp dubbed Coding School (CS), a programme aiming to equip future programmers with critical 21st-century coding skills. The Coding School, is supported by Boeing, the world’s largest aerospace company and leading manufacturer of commercial jetliners, defence, space and security systems, and service provider of aftermarket support and run by ThinkYoung, a Brussels-based think tank that focuses on empowering the youth, has selected Nairobi as the first African country to host the coding boot camp following successful editions in Belgium and the Netherlands. This year’s edition will take place between 10th and 14th October in…
Kiswahili originated on East Africa’s coast. It came about as a result of intermarriage between Bantu-speaking communities along the East African coast and Arabs. The Southern African Development Community (SADC) has agreed to adopt Kiswahili as a formal language in the region. SADC is comprised of 16 southern African countries – Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa United Republic Of Tanzania, Zambia, and Zimbabwe. This was approved at the SADC 39th heads of summit held in Tanzania at Julius Nyerere International Center the 17th and 18th August 2019. “Summit…
South African fashion retailer The Foschini Group (TFG), will decide next year whether to continue trading in Kenya where it has four stores. The JSE-listed retailer has 22 different retail brands under its label. In Kenya, it operates Sterns, a contemporary and classic Jewellery shop at the Junction Mall. It also operates Foschini women’s wear shop, Markham targeting men and a second Sterns store at the Village Market. However, according to Reuters Africa, Chief Executive Officer Anthony Thunstrom says their brands have been performing poorly in the rest of Africa. “Closer to home has been better for us. Much less…
Beauty entrepreneur Huddah Monroe, just made history by becoming the first Kenyan woman to land on the cover of Harper’s Bazaar, an American women’s fashion magazine September issue. On the cover, she flaunts with a flower-filled Birkin in a sequined Michael Kors Collection dress that shimmers in vivid violet hues. https://twitter.com/harpersbazaarus/status/1161993834458484736 She couldn’t hide her joy from her Instagram post. “I’m a big believer that change is good,” she said. “Thank you Harpers Bazaar US Magazine for helping me share this experience on the SEPTEMBER ISSUE. I never one day imagined I’d be in one of the Worlds biggest fashion…
Do not give the youth the fish. Teach them how to fish. A common phrase but one that has often led to contradictions. In recent days, you may have heard some people telling young people to create their own jobs instead of complaining instead of telling them how. The best way to empower youth is to tell them “how” to do something. It is the “how” that runs the world and this is what the youth in Kenya needs. Godrej is set to help in empowering the youth in Kenya so that they can be able to create their own…