Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Regional low-cost Jambojet has increased its flight frequency to its various coastal destinations ahead of the festive December season from 38 to 49 flights. “This translates to 7 frequencies daily, an additional 1,092 seats weekly,” said Jambojet CEO, Willem Hondius in addressing the high demand of domestic tourists traveling to Kenya’s favoured holiday destination in Mombasa, Malindi and Ukunda but to also offer flexibility and flight variety to customers. Jambojet will boost their daily flights to Malindi and Ukunda to meet the high season demand. Ukunda will see an increase of frequency from 10 to 14 flights weekly translating to…

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Google has announced a Ksh 100m agriculture grant to help train over 100,000 farmers in Digital Skills in partnership with non-profit organisation One Acre Fund. Google says their aim is to is to help farmers make the most of the web for their agribusinesses so that they can increase yields and productivity. “In Kenya, the agriculture sector employs over 40 percent of the total population, contributing to 30 per cent of the Gross Domestic Product (GDP). We want to see the power of technology elevate small-scale farming. We hope that through this initiative, we will see a positive impact on food…

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The Central Bank of Kenya has welcomed the Court of Appeal’s judgement as regards to the KSh10 billion tender awarded to De La Rue International to print new generation bank notes. “The judgement of the Court of Appeal clears the way for CBK to proceed with the processes it had put in place for printing and supply of new generation bank notes. This legal challenge was the final hurdle that was stopping CBK from issuing the new generation bank notes. CBK will now reassess the timeline for the issuance of these bank notes, and will proceed with all due haste,”…

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Ms. Kanze Dena becomes the first Kenyan woman to hold the position of State House Spokesperson succeeding Mr. Manoah Esipisu. She will also become Head of the President’s Strategic Communication Unit (PSCU). https://twitter.com/MEsipisu/status/1050738203408457728 State House Chief of Staff Nzioka Waita confirmed her appointment in a position she has been holding in an acting capacity for the last three months. “We wish Ms. Dena success in her new role and ask all stakeholders including PSCU staff, the media and colleagues in government to accord her the support she needs to excel,” the statement read. Ms. Dena committed to delivering effectively on…

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The International Monetary Fund (IMF)  has raised Sub-Saharan Africa’s growth to 3.1 percent in 2018 from 2.7 percent in 2017 and 3.8 percent in 2019. However, “The growth forecast for 2018 is 0.3 percentage point lower than the April 2018 WEO forecast.” Consequently, it has lowered its forecasts for global economic growth in 2018 stating it will expand by 3.7 percent, down from its April estimate of 3.9 percent. Read: Sub Saharan Africa’s growth is Steady but at a slower pace – WB “Rather than rising, growth has plateaued at 3.7 percent. There are clouds on the horizon. Growth has proven…

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Telkom Kenya says it is focusing on data to gain market share with the expansion of infrastructure and network growth. “The combination of affordable data options, strong network coverage across the country has enabled us to become the preferred data network,” Aldo Mareuse, the CEO of Telkom said on Tuesday. It has invested close to KSh 9 Billion into its network modernization Programme and about KSh 1 Billion into brand and distribution. “Our customer base hit 4.1 million in July 2018. We are now putting in place an aggressive market engagement campaign, to strengthen our push towards 5 million customers and…

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