Inflation has moderated over the past two months but still averages levels not seen in five years! In December 2022, headline and core inflation slowed to 9.10% and 4.10%, respectively, from 9.50% and 4.20% a month before. Given Kenya’s status as a net importer, it is undeniable that a significant portion of this price pressure stems from imported inflation. Therefore, signs of waning global inflation may portend positive local implications. This affirms our in-house baseline forecast that inflation should start to come off in the latter half of 2023 and average about 6.62% for the full year. Headline inflation will…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
If 2020 was a year of unprecedented changes and 2021 was a year of recovery and resilience, then 2022 proved to be everyone’s favourite child. This was especially true for the Middle East, Turkey, and Africa region as we broke new ground to foster dialogues on climate change, advanced our space exploration capabilities, and captured the pulse of the world at one of the most watched global sporting events. Emerging technologies underscored these monumental accomplishments, giving wings to human aspirations and bringing renewed focus and vigour to economies, businesses, and day-to-day lives. 2023 promises to be equally remarkable. Here are…
The Pharmacy and Poisons Board has appointed Dr Jacinta Wasike as the Acting CEO after the contract of the long-serving CEO Dr Fred Siyoi expired. Dr Siyoi served for ten years and had reached his retirement age. Dr. Jacinta Wasike’s appointment makes history as she becomes the first woman to hold the organization’s top post. She has 20 years of experience in the industry. Prior to her new position, she served as director of corporate services at the Pharmacy and Poisons Board. Our efforts to reach the Board’s Chairman and the New CEO were unsuccessful, as their phones went unanswered.…
Bolt has appointed Takura Malaba as the new Regional Manager for East and Southern Africa, effective January 1, 2023. In his new role, Takura will drive operational excellence in the region while expanding Bolt’s footprint within the East and Southern Africa markets. “Honoured to be entrusted with the greater responsibility and looking forward to adding more value across the two regions,” said Takura. Takura takes over from Kenneth Micah, who has been the regional manager for Eastern Africa since October 2019. “Bolt is delighted to have Takura take on the role of regional manager for East and Southern Africa,” said…
Tatu City, a mixed-use satellite city development, launched a luxurious lakeside-living project dubbed ‘Kofinaf Tatu Residences’. The development sits on a 200-acre piece of land within Kofinaf Estate located in Tatu City, Kiambu County. The project will comprise serviced plots starting from 1 acre and above, with a selling price of Ksh 135.0 million per acre. Kofinaf Tatu Residences will allow investors to develop their own houses with three proposed architectural designs, including a Traditional Farmhouse design entailing simple and traditional materials with slate roofing, thus depicting an agrarian lifestyle. Two, the Country House design will embody a modern outlook…
As we start the new year, I want to share some trends we can anticipate in the coming months. Most of these trends began to take shape in 2022. More Data Protection Signups More countries signing up for Data Protection regulatory framework across Africa and the globe, with examples of Zambia and Zimbabwe. This is an indication of increased seriousness around data protection matters. Global partnerships Many organizations will be getting into collaborations to facilitate trade, and international data flows. For example, the Global Cross-Border Privacy Rules (CBPR) partnership between Japan, the Republic of Korea, the Philippines, Singapore and Chinese…