Multiple Grammy award winner Marcus Miller will headline the 5th Safaricom Jazz Festival in February. Other supporting acts slated to perform ahead of Miller are Toine Thys featuring Herve Samb (Belgium), Jazzrausch Bigband (Germany), Omni Mor Trio (Israel), Vivian (Portugal) and Yazmin Lacey (UK). Kato Change, the Ghetto Classics, and the Safaricom Youth Orchestra from Kenya will also grace the stage. “In 2019, we are marking 6 years of jazz and as promised when we embarked on this journey in 2014, we continue to work with world-class talent. Our aim is to not only expose and avail platforms for Kenyan…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The average interbank rate dropped to 3.5% in the month of January from 8.0% in December attributed to improved liquidity and support by government payments and debt redemptions. “The money market remained liquid during the week ending January 31, mainly supported by government payments,” Data from the Central Bank of Kenya (CBK). During the week ( Jan 28 – Feb 1), the average interbank rate rose to 4.6%, from 3.2% the previous week, while the average volumes traded in the interbank market declined by 83.2% to Kshs 2.5 bn from Kshs 14.8 bn the previous week. Genghis Capital Analysts said…
Legendary Kenyan musician Job Seda, popularly known as Ayub Ogada, has died at the age of 63 years. He was a singer favouring the nyatiti, Luo harp, as his characteristic instrument. He was popularly known by his afro music such as: Koth Biro, Obiero, Ondiek, and many other top hits. Fellow Kenyan artists paid tribute: https://twitter.com/SuzannaOwiyo/status/1091413464499798016?s=19 https://twitter.com/HeyHeyBlinky/status/1091413025066811394?s=19 https://twitter.com/Misskihoro/status/1091421301976256512?s=19 Ayub Ogada was also an actor landing major roles in films including the Academy Award Winning “Out of Africa” (1985) and “Kitchen Toto” (1987). Ayub Ogada was born in 1956 in Mombasa, Kenya. He is a descendant of the Luo people of…
Spanish on-demand delivery app dubbed Glovo has launched its operations in Nairobi enabling its users to purchase any product and have it delivered instantly at their doorstep. Glovo allows users to order anything with a simple tap on their smartphone – be it food or groceries or placing gift orders to send out to their loved ones. In addition to the categories listed in the app, users can request “Anything” orders, in which the courier will pick up and deliver any item from any store in less than an hour. Priscilla Muhiu, Glovo’s Head of Marketing for Sub-Saharan Africa said:…
Kenya’s Director Directorate of Criminal Investigations is investigating the loss of KSh 6964 600 million from the Consolidated Bank of Kenya. The theft was reported to have happened between January 1 -7, 2019 through electronic fund transfers, identity theft, and other forms of fraud. Through a court affidavit stamped on 24 January 2019 by the Chief Magistrates Court, Milimani Law Court and signed by PC Simon Obiero, a Police Officer attached at the DCI headquarters, Economic and Commercial Crimes Unit, he was instructed to conduct investigations into the said matter “where the complainant Consolidated Bank lost money following an authorized…
Kenya’s overall inflation fell to 4.07% a 100 basis points decline from the inflation rate recorded in December. The Kenyan National Bureau of Statistics attributed this to decreased transport cost in the month. “The CPI increased by 035% from 193.51 in December 2018 to 194.18 in January 2019. The overall year on year inflation in January 2019 stood at 4.70%,” said the KNBS in its January inflation report. The transport index decreased by 1.40% mainly due to decreases in pump prices of petrol and diesel. CBA analysts said, “This is the slowest increase in consumer prices since August 2018, when…