Author: Khusoko

Buying an apartment is becoming costly for home buyers coupled with rising demand indicating a sharp recovery in rental asking price for apartments in the last quarter of 2018 boosting the annual growth to 15.9% “ending three years of lackluster growth and falling rates.” This is compared to 2018 when HassConsult reported a drop by 3.9% in rental prices across all property with apartments recording the sharpest decline both in rental prices and value. “We saw an industry-wide recovery in the final months of 2018, with rents rising, sales prices rising, and industry activity picking up generally, after the marked…

Muthoni Ndonga ‘the Drummer Queen’, Kenyan musician has been selected as a 2019 TED fellow alongside 19 others. “I am very excited to be selected as a TED fellow and to join a global community of thought leaders and doers. After 10 years in music and culture, and based on research and data, it is clear that the creative sector is a legitimate manufacturing industry in Kenya and indeed Africa,” announced Muthoni on her social feeds. “Being on the global TED platform will help me amplify this position, as well as the political undertones to creators, investors, industry players, leadership…

The Treasury raised Ksh 38.5 billion against a target of KSh40 billion in its two- and 15-year bonds on Wednesday auction for budgetary support. According to economists, the 2-year and 15-year results came within market expectations with the average for the 2-year falling at 10.701% while that of the 15-year came in at 12.857%. Cytonn Investments also expected similar auction results, “Treasury bonds with the same tenor (2.0-years and 15.0-years) are currently trading at a yield of 10.7% and 12.6% respectively. We expect bids to come in at between 10.7% – 10.9% and 12.6% – 12.8% for the 2-year and…

Legendary Zimbabwean musician Oliver Mtukudzi has died at the age of 66.

Cane farmers under their umbrella lobby group, Sugar Campaign for Change (SUCAM) are opposing the proposed amendments to the agriculture and food authority act 2018 that seeks to introduce cane zoning. According to SUCAM, the proposed law is designed to benefit private millers at the expense of government-run sugar companies. As a result, it would require an express waiver by the Competition Authority. Farmers will be forced to conform to the price set by their local enforced mill, which is a breach of the Competition Act that prohibits restrictive trade practices and anti-competitive agreements. “Forcing farmers to sell to a…

Safaricom Digital Academy aims to enable Kenyans to take advantage of the opportunities available for the next digital market space. “We have been in the business of building radio networks, and selling voice, data and fintech services for the past 18 years and have developed the best skills in this part of the world,” says Thibaud Rerolle, CTO at Safaricom (Vodafone group). “But tomorrow will be different in a world driven by AI, 5G and Digital. As leaders, we have a responsibility to create bridges to a meaningful future for our employees and avoid dead-end careers driven by the obsolescence…