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…

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…

Dual Punch Hole Camera Phone vivo V19 Launched in Kenya

 vivo has officially launched its cutting-edge selfie citric smartphone V19 in Kenya.  The device features a dual punch-hole camera and Super AMOLED FHD+ Ultra O Screen design. The V19 brings together extraordinary selfie capabilities and advanced technology in an elegant package to deliver an innovative mobile experience for consumers.  “vivo is committed to innovating with the consumer in mind, and the V19 reflects our deep understanding of consumers’ needs. With industry-leading selfie technology, a beautiful design, and strong performance, V19 is perfect for young consumers who care about the camera…

Hon. Salome Awino destiny of blessings

After an operation at the Aga Khan Hospital, Hon. Salome A. Awino, popularly known as Abela Wangchieng’, a member of County Assembly (MCA) of Ruma Kaksingri East Ward, went to UK to visit and attend a graduation ceremony of her cousin at the Brighton University. Though she was still recuperating from the operation, she bravely made the long journey to fulfil her quest and determination. “I have enjoyed every moment of it,” Awino joyfully said. During her stay in UK, after graduation, she went to see the High Commissioner, the…

Air 034 The Pride of Kajiado: The novel aircraft restaurant set to change the clubbing landscape in Kajiado.

Flash Mwatha, the Marketing Manager of Air 34 the Boeing 707 facility. It is quite the total Boeing 707 aircraft awaiting takeoff until you enter the inside the big bird now soaring the skies of hospitality in the lush greens of Kitengela. Kitenga Town has had the unprecedented pride of hosting what is probably Kenya’s first entertainment joint, Air 034 The Pride of Kajiado, aboard an aircraft thanks to Kenyan creativity & ingenious enterprise. “This dream entertainment joint was born out of trip to Thailand where an entrepreneuring Kenyan who…