In recent years, the on-demand economy has experienced a significant surge, revolutionising the way people access goods and services. Among the most notable players in this transformation are Glovo, which has reshaped consumer behaviour and disrupted traditional business models. One of the most remarkable benefits of on-demand delivery services is convenience. With on-demand delivery services, consumers can now order food, groceries, pharmaceuticals, and even household essentials from the comfort of their own homes or office, and have them delivered right to their doorstep. This saves valuable time and effort but also allows for seamless integration of services into our busy…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Africa is one of the world’s most vulnerable regions to climate shocks. The continent’s overdependence on rain-fed agriculture and pastoralism exposes it to the vagaries of climate change. As a result, hunger affects 282 million Africans, a number that will grow to 350 million by 2050. Many of these victims are young people who are increasingly jobless on account of the failing farms and other enterprises across the agricultural value chain. This large youth population is constantly entering the labour market requiring African economies, which are predominantly agricultural, to rapidly create a large number of jobs. This presents structural economic challenges that are exacerbated by pressure from climate change as environmental and agroecological changes result in…
Valine Akoth was named the overall winner of the NCBA-sponsored Saturday Mug at Thika Barracks Golf Club after she carded an impressive score of 43 Stableford points. The tournament brought together a field of over 73 golfers from Thika and its environs. Christine Kamais with 34 points took home the overall lady winner while William Musili claimed the overall male winner, having garnered 36 Stableford points. NCBA Bank has been sponsoring golf tournaments in Kenya. The bank is looking at growing the sport from a regional outlook in the counties by creating a platform that enables golfers to swing their…
Economic policymakers in Africa have cited access to reliable, credible and up-to-date economic data as a frustrating challenge in their quest to chart favorable development plans. Speakers at the 2023 African Econometric Society (AFES) conference led by Kenya’s National Treasury Cabinet Secretary Prof Njuguna Ndung’u and the African Economic Research Consortium (AERC) Executive Director Prof. Théophile Azomahou highlighted the need for reliable economic statistics and related data provided by econometric professionals to aid development planning in the continent. Econometrics uses economic theory, mathematics, and statistical inference to quantify economic phenomena; effectively turning theoretical economic models into useful tools for economic…
In today’s fast-paced digital world, currency trading has become more accessible than ever before, thanks to the availability of trading apps. A forex trading app offers convenience, flexibility, and real-time access to global financial markets, empowering traders to stay connected and execute trades on the go. However, with the abundance of trading apps available, it can be challenging to determine which one is best suited for your specific trading needs. This guide aims to help you navigate the world of forex trading apps by providing essential insights and considerations for choosing the right app to support your trading journey. Understanding…
The Cabinet Secretary of Kenya’s National Treasury submitted the Finance Bill 2023 to the National Assembly for discussion and consideration for enactment into the Finance Act 2023. The Government is facing a difficult trade-off in steering the economy through the current global and domestic turbulence and supporting inclusive and sustainable economic growth. The country has been hit by multiple shocks, including drought, devaluation of the Kenyan shilling, a sharp increase in energy and food prices as well as rapidly rising borrowing costs. The Government has continued with its policy of ensuring fiscal stability through revenue mobilisation. The overarching themes of the Finance…