Author: Khusoko

Kenya’s current account deficit narrowed by 39.0% to Kshs 84.9 billion in Q1’2023 from Kshs 139.3 billion recorded in Q1’2022. The narrowing during the quarter was driven by a contraction of the merchandise trade account deficit, an improvement in the services trade balance, and an improvement in the secondary income balance. “The narrowing of the current account balance by 39.0% in Q1’2023 to a deficit of Kshs 84.9 from a deficit of Kshs 139.3 in Q1’2022 was not sufficient to offset the reversal of the financial account balance from a surplus of Kshs 82.9 bn in Q1’2022 to a deficit…

Cloud computing has revolutionized the way businesses operate, and its impact has extended to the print industry as well. Cloud printing solutions have emerged as a game-changer, transforming traditional printing processes and offering a host of benefits to businesses and individuals alike. Statistics show that cloud-first organisations now outnumber on-premise organisations by a ratio of three to one. The cloud-based printing market is likewise steadily growing, with a whopping 73% of organisations looking to increase their use of cloud-based printing services over the next few years. Revolutionising the Print Industry Cloud printing solutions have revolutionized the print industry, bringing about a paradigm shift in…

P&L Consulting, a C-Suite advisory firm, has announced the appointment of Maureen Sande as its new Managing Partner. Sande succeeds Mercy Randa, the firm’s founder and current Managing Partner, who will assume the role of CEO. “This is a key milestone for P&L Consulting and even more significant as we turn a decade old,” says Mercy. “We are excited that the future gives us the opportunity to contribute to the redirection and improvement of our industry. We are honoured to have Sande on board to steer the next chapter of our journey.” Maureen Sande will be responsible for the firm’s…

IFC has appointed Mary Porter Peschka as its new Regional Director for Eastern Africa.  Peschka brings over 30 years of global investment and development expertise to her new role, where she will drive IFC’s strategy to support resilient, inclusive, and sustainable private sector growth and job creation.  Based in Nairobi, Kenya, Peschka will lead IFC’s strategy for Eastern Africa – Burundi, the Democratic Republic of Congo, Ethiopia, Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia – overseeing its operations and managing key relationships.  “My focus will be on supporting partners to tackle the multiple crises we are facing today and to…

Kenyan President William Ruto launched the government’s digital payment platform called “Gava Mkononi” on Friday to help enhance efficiency and inclusivity in service delivery. The platform will enable Kenyans to access more than 5,000 government services online since the system eliminates inefficiency, corruption, wastage, and discrimination inherent in human interactions. The services will also be available on the eCitizen platform’s USSD code *2222#, which the National Treasury will manage, and GavaExpress will provide services at the grassroots to those who do not have smartphones. “Gava Express will be available in more than 250,000 M-Pesa shops, 28,000 KCB shops, 40,000 Equity…

On June 23, Germany’s parliament passed immigration reforms to address labour shortages in the country.  Reports show that 53% of German companies are experiencing worker shortages, particularly in industries such as electrical equipment manufacturing, mechanical engineering, technology, car making, nursing, childcare, and construction. In response to this issue, Germany introduced new immigration laws to facilitate the entry of skilled workers from non-EU countries. One significant aspect of the new legislation is the introduction of an “opportunity card,” which allows skilled workers to move to Germany without a job offer and search for employment for up to one year. This is…