Author: Khusoko

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

To feed the ever-growing world population, some farmers have to feed the livestock first. This important task falls on nutritious forage crops, also referred to as fodder. They are the ones that stand as nature’s provision for the farm’s four-legged residents. Such types of crops are grown for their leaves and stems, which the animals eat either through grazing or by consuming harvested hay or silage. In both cases, timing is of great importance to ensure optimal quality and quantity of conserved fodder, primarily their protein content, digestibility, and appealing taste, which are crucial for ensuring the well-being and productivity…

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Stanbic Holdings Plc has announced the appointment of Joseph Loyld Omondi Muganda as its new board chair, effective December 31, 2023.  Muganda replaces Kitili Mbathi, who has served as the board chair since May 9, 2019. Muganda is a seasoned corporate leader who has held senior positions in various blue-chip companies, including Nation Media Group (NMG), Vivo Energy Kenya, Kenya Breweries Limited (KBL), and British American Tobacco (BAT).  He holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting, and Financial Management from the University of Buckingham (UK). In a statement, Stanbic Holdings said, “The Board…

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One of the most frequently parroted narratives you’ll hear when it comes to rolling out any green initiatives in Africa is that doing so puts much-needed growth at risk. In the run-up to COP 28, which takes place in the United Arab Emirates (UAE) from November 30 to December 12, it’s an argument that will likely crop up again. Historically, it hasn’t been one without merit either. African countries are, after all, reportedly responsible for just four per cent of global emissions. Given that they’ve contributed so little to the climate crisis, the argument goes, why should they be expected to…

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Sophos has released a report titled “CryptoGuard: An Asymmetric Approach to the Ransomware Battle,” which found that some of the most prolific and active ransomware groups, including Akira, ALPHV/BlackCat, LockBit, Royal, Black Basta, are deliberately switching on remote encryption for their attacks. In remote encryption attacks, also known as remote ransomware, adversaries leverage a compromised and often under-protected endpoint to encrypt data on other devices connected to the same network. Sophos CryptoGuard is the anti-ransomware technology that Sophos acquired in 2015* and is included in all Sophos Endpoint licenses. CryptoGuard monitors the malicious encryption of files and provides immediate protection…

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Fortebet, a strong performer in Uganda’s betting business, provides a wide range of sports betting alternatives to suit a variety of tastes. Fortebet, which was founded to provide a top betting experience, has witnessed quick expansion, earning a firm presence in Uganda’s competitive betting sector. The company’s distinctive selling point is its dual-platform strategy, which provides both online and physical betting options. This assures comprehensive accessibility, even for clients who live in locations with poor internet connection. The organization offers betting possibilities for a wide range of sports, including football, basketball, tennis, and rugby, drawing a diverse sports-loving clientele. Fortebet…

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Ms Susan Nsibirwa, a marketing and communications consultant, has been named by Nation Media Group-Uganda (NMG-U) as the new Managing Director for Monitor Publications (MPL) effective from January 2, 2024.  She will replace Mr. Tony Glencross. Susan Nsibirwa will lead MPL, The East African and Africa Broadcasting (U) Limited (the broadcasting company that operates NTV Uganda and Spark TV) to achieve their strategic goals, business plans and performance targets, and to create value for shareholders. “She also has proven experience in successfully implementing strategic corporate social responsibility programs and crisis management plans. She brings expertise in communication, business strategy, and the…

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