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…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
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…
Flower farm Karuturi Limited have appointed Mr. George Weru and Mr. Muniu Thoithi as Joint Receiver and Manager to recover Ksh 400 million lent to farm by CFC Stanbic Bank. The farm in a statement said, “The appointment of Kuria Muchiru as Joint Receiver and Manager of the Company ceases to have effect immediately.” Greenlight for Stanbic to sell Karuturi assets to recover its debt In 2016, the High Court appointed Thoithi Muniu and Kuria Muchiru as joint liquidators on 6 April 2016 to help safeguard the assets of the Company, following the winding-up order of 30th March to avert…
The Central Bank of Kenya (CBK) in a public notice has warned Kenyans against online foreign exchange trading through unlicensed entities, saying they risk being defrauded and losing money. The CBK through its Banking fraud Investigations Department said their attention has been drawn to the emergence of unlicensed and unregulated online foreign exchange (forex) dealers platform. “The purpose is to warn members of the public…They should only deal with genuine and licensed financial institutions and entities,” read part of the notice. RELATED Capital Markets Authority warns against unlicensed online forex trading The regulator says the public needs to confirm the…
The Central Bank of Kenya’s Monetary Policy Committee will hold its next rate-setting meeting on September 23, 2019. It’s last meeting of July, the MPC held its benchmark lending rate at 9.00% for the sixth time in a row on the backdrop of inflation expectations being within the target range. Market analysts from the Commercial Bank of Africa say the Central bank’s current policy stance may be sustained for the rest of this year thanks to low inflation. “Core inflation has remained sub 4.0% through 2019. While headline inflation rose to 6.3%, it is expected to remain within the statutory…
United Nations Secretary-General Antonio Guterres has appointed Oxfam International executive director Winnie Byanyima as the new UNAids executive director, a spokesperson for Guterres said in a statement. She takes over from Malian Michel Sidibé who stepped down in May, following accusations of serious mismanagement. https://twitter.com/Winnie_Byanyima/status/1161809357262282752 According to UNAIDS, Ms Byanyima brings a wealth of experience and commitment in harnessing the power of governments, multilateral agencies, the private sector and civil society to end the AIDS epidemic around the world. Ms Byanyima has been the Executive Director of Oxfam International since 2013. Prior to that, she served for seven years as the…