Safaricom (NSE: SCOM) on Wednesday announced the deployment of 400G network link at the Mobile World Congress (MWAC) show in Barcelona, Spain. This makes its network among the first in the world to commercially deploy the solution. “The 400G solution will support the continued growth of our network which is being driven by an explosion in internet usage. Mobile data usage on our network has been doubling year-on-year while our fibre network now reaches more than 220,000 homes and 17,000 businesses across more than ten towns. It was therefore prudent to invest in the latest network technology to ensure that…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Family Bank has appointed Rebecca Mbithi as Chief Executive Officer after serving as Company Secretary and Director of Legal Services for four years. She replaces David Thuku who resigned in September last year. The Bank’s Board Chairman Wilfred Kiboro said Mbithi’s appointment is subject to approval by The Central Bank of Kenya. “Rebecca is a highly experienced professional with an extensive background in leadership in various organizations at director level specializing in law, project finance, Corporate Restructuring, Equity/Debt raising and Governance,” said Kiboro. Mbithi holds a Masters in Business Administration (Strategic Management) from United States International University and an LL.B degree…
Knight Frank LLP, the leading independent global property consultancy ’s (Y)OUR SPACE report, real estate is now a strategic priority for occupiers as the workplace represents an additional lever for business leaders in pursuit of competitive advantage. “In this respect, real estate decisions influence and reinforce an array of business priorities – from talent management, corporate and social responsibility, inclusion and diversity, to the transformation of corporate culture and brand or the restricting of business models in light of rapid technological advances,” the report states. The (Y)OUR SPACE report notes that the five themes that will shape future occupational demand…
Sistema.bio founder and Chief Executive Officer Alex Eaton is in Kenya for a two weeks tour in the country to interact with farmers and other partners in Kenya. “Kenya’s office is one of the fastest growing offices as compared to offices in other different parts of the world,” he told the media at the Nairobi Sistema offices. He said he was motivated by the job well done by the Kenyan team and cooperation from farmers in the country. The company has five offices in Kenya with approximately 100 employees. Other offices are in India, Mexico, Nicaragua, and Colombia. In East Africa,…
The Central Bank of Kenya (CBK) says it will hold its next Monetary Policy Committee (MPC) meeting on Wednesday, March 27, 2019. In the last meeting held January, it maintained the base lending rate at 9% largely on stable macro-economic fundamentals. However, the regulator said it will revisit the issue of the interest rate cap, that capped lending rates at 4.0% above the Central Bank Rate (CBR) with an aim of having structural reforms for uplifting the growth and expansion on the MSMEs in the medium to long term. With the macroeconomic environment expected to remain stable inflation declining driven…
The Capital Markets Authority (CMA) has suspended KenolKobil’s shares on the Nairobi Securities Exchange for 12 trading days following a conclusion of a takeover offer on Monday. “The suspension from trading of the company’s shares will remain in force until March 11, 2019,” the Nairobi Securities Exchange (NSE) said in a note to investors. “All shareholders, investors and the general public are asked to take note of the suspension.” https://twitter.com/FIB_Kenya/status/1096360048777936897 The suspension will enable Rubis Energie to reconcile records and establish how many investors took up the offer. The results of the takeover will be released on 12 March 2019.