Author: Khusoko

Marriott International Inc has announced its rapid expansion plans across Africa, expecting to increase its portfolio by 50 per cent with over 200 hotels and 38,000 rooms by 2023. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings. “Today we are seeing strong owner interest in our brands, backed by our combined loyalty program, the collective strength of our global platform and our highly-experienced, local teams,” said Alex Kyriakidis, President and Managing Director, Middle East and Africa, Marriott International. “African economies have sustained unprecedented rates of…

Kenya’s stock exchange failed to open for business Monday morning due to system failure. The Nairobi Securities Exchange (NSE) in a notice said the delay was due to “Challenges experienced by a dependent system of the Automated Trading System (ATS).” Trading resumed in the afternoon from 1:20 pm.  On Friday, the market closed with foreign investor participation accounting for 78.0 percent of total market turnover from 59.2 percent from Thursday’s close. The equities market was on an upward trend with NASI, NSE 20 and NSE 25 gaining by 2.9 percent, 1.5 percent, and 2.7 percent, respectively, due to large-cap stocks…

Eddie Njoroge has been elected as the President of the International Organisation for Standardisation (ISO). Njoroge will be President-elect during 2019 as he works hand in hand with President John Walter before his term becomes effective from 2020 to 2021. https://twitter.com/isostandards/status/1045669502430715904 He is committed to increasing and deepening developing countries’ engagement in the ISO activities so that the nations exploit the full value of international standardization, in particular on the Sustainable Development Goals (SDG). https://twitter.com/KEBS_ke/status/1045699385290633218 https://twitter.com/rebecca_miano/status/1045701891978678272 Njoroge is the former CEO of Kenya Electricity Generating Company (KenGen), where he spearheaded the transformation of the company from a parastatal to a…

Kenya’s economy expanded 6.3 percent year-on-year in the second quarter of 2018 from 4.7 percent in the same period in 2017, according to the latest data by the Kenya National Bureau of Statistics (KNBS). “The growth was against a backdrop of a fairly stable macroeconomic environment and favorable weather conditions. During the review period, the country experienced heavy rains that impacted positively on most of the agricultural and generation of hydroelectricity activities,” said the statistics body. In the review, the agriculture, and electricity and water supply recorded significant improvements to grow by 5.6 percent and 8.6 percent compared to growths of 0.8…

Kenya’s inflation in September rose to a 10-month high of 5.7 percent from 4.04 percent a month earlier as a result of rising fuel, transport, and food prices, the Kenya National Bureau of Statistics said on Friday. “This was mainly on account of increase in the pump prices of petrol and diesel which triggered an increase in prices of other transport components,” said KNBS in a statement. On a monthly basis, inflation was 1.02 percent from 0.31 percent in August. The Transport Index rose 7.99 percent from a month earlier and was up 17.29 percent when compared with September 2017…

Classic cars, trendy fashion, family fun and great business networks is what will be the hallmark during the 48th Edition of CBA Concours d’Elegance slated for September 30, 2018 at the Ngong Race Course. This annual series has been organized by the Alfa Romeo Owners Club themed “Aladdin and the Magical Rides”. This year’s entries include a 1968 Buick Riviera that has a seven litre engine, eight cars made before 1940, three Rolls Royce and four motorcycles made on and before 1960. Spectators will get to check out the 1925 Triumph motorcycle entered by Dominique Antoine. Peter Giraudo will also…