Millie Odhiambo and David Sankok Best Performing MPS

By Mourice Seretta The Annual Parliamentary Scorecard for the 3rd Session of the 12th Parliament has been released by Mzalendo Trust, a Parliamentary Monitoring Organization (PMO). According to the report, the legislative output of Parliament was low compared to other sessions while the number of Members of Parliament (MPs) who made no contributions was on the rise, with a record number of 21 making no contribution in 2019. The organization has further raised concerns about MPs who have consistently failed to make contribution at the plenary.  These include Hon. Oscar…

Rental yields drop marginally as tough economic times bite

Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its H1’2020 Markets Review. The report highlights the current state of the real estate sector in terms of uptake, rental yields, capital appreciation, and hence, total investor returns. According to the report, average rental yields softened across all sectors coming in at 7.4%, 7.3% and 5.1%, for retail, office and residential sectors, respectively, from 7.7%, 7.8% and 5.2% in Q1’2020.The land sector recorded an overall annualized capital appreciation of 1.4%, with asking land prices in low rise residential areas…

SCHOOLS TO RE-OPEN IN JANUARY, NO NATIONAL EXAMS THIS YEAR, MAGOHA

By Maurice Serreta Education Cabinet Secretary Professor George Magoha has said that all basic institutions will be re-opened in January 2021 based on the assumption that the infection curve will have flattened. Addressing the media shortly after holding a consultative meeting with education stakeholders at the Kenya Institute of Curriculum Development, KICD, in Nairobi, Magoha also says this year’s candidates who were preparing to sit for their Kenya Certificate of Primary Education, KCPE and Kenya Certificate of Secondary Education Examinations, KCSE, will not sit for the same this year but…

UBER EATS AND UNESCO COME TOGETHER TO SUPPORT VULNERABLE FAMILIES IN KENYA

By Mourice Serreta As families lose income and work opportunities continue to decline due to the global pandemic, the daily food needs of communities has become a real threat. Uber is honoured to join the United Nations Educational, Scientific and Cultural Organization (UNESCO) Global Education Coalition to run a range of initiatives ensuring that learning never stops. The first global initiative Uber is launching under the coalition’s umbrella is in Kenya, where Uber Eats is partnering with Team Pankaj to help feed vulnerable Kenyan families with young children, impacted most…

Relief at last as PRESIDENT KENYATTA LIFTS LOCKDOWNS

By Mourice Serreta President Uhuru Kenyatta has lifted the secession of movement into and out of the Nairobi metropolitan area, Mombasa county and Mandera county saying it shall lapse today or at 4 AM tomorrow Tuesday the 7th of July 2020. Addressing the nation today from his Harambee House Office in Nairobi, President Kenyatta has however extended the nationwide curfew that is currently in force betwee the hours of 9PM and 4AM for a further 30days. ‘By reopening Nairobi, Mombasa, and Mandera, we must be aware that we will all…

Emirates delivers on customer promise, offers travel confidence

In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making good on its promise to expedite refunds after the COVID-19 pandemic disrupted travel plans for millions of customers around the world. In April, Emirates had announced that it would ramp up its refunds capabilities and committed to clear its backlog by August, which at that time stood at nearly half a million requests. The airline had crossed that target by early June, after expanding its processing capability from…

Opinion:Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie; Head of Property Finance Africa: Nedbank CIB An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – that the pandemic has taught us, and integrate them into our future business and investment plans…

KETRACO partners with universities to bridge engineering skills among vulnerable girls

The Kenya Electricity Transmission Company Limited, KETRACO has partnered with Kenyatta University to offer scholarships to girls from vulnerable families across the country. The partnership will see KETRACO pump resources into the program dubbed KETRACO Scholarship for Orphans and Vulnerable Students (KSOVS). Over the next five years vulnerable female students in KU’s Electrical or Civil Engineering faculty are set to be beneficiaries of the initiative. Speaking during the Memorandum of Understanding (MoU) signing ceremony, KETRACO’s Managing Director FCPA Fernandes Barasa hailed the initiative as attempting to bridge the engineering skills gap in…

QuickMart Opens new store in Kilimani

Kenya’s fastest growing retail chain QuickMart has opened its 32 branch in Kilimani area. The new chain is now Flagship store in the Kilimani, Hurlingam and Lavington area The rapid rise has seen the retailer grow to become the 3rd largest retailer in Kenya offering variety in terms of fruit vegetable clothes liquor furniture among other items. “End of last year we merged with Tumaini to form one strong business we have a fund we are investing in the business that has enabled us to expand rapidly as a result of…

Paxful and OKEx Announce Strategic Partnership to Provide Easy Access and Liquidity to Global Communities

 Paxful, a peer-to-peer bitcoin (BTC) marketplace that aims to provide financial inclusion around the globe, announced today a strategic partnership with OKEx, a world-leading cryptocurrency exchange with high liquidity and cold storage technologies. This partnership will integrate the Paxfu Kiosk directly onto the OKEx platform, for new and existing OKEx users. The strategic integration between OKEx and Paxful provides convenient payment methods for OKEx users to buy bitcoin (BTC) with over 160 fiat currencies including GB pounds, euros, Argentinian pesos, Thai baht, Indian rupee, and more. It will also allow…