Kenya’s latest Nielsen Consumer Confidence Index (CCI) score for Quarter 4, 2018 has rebounded by a healthy eight points since the previous quarter to 102. The survey conducted in the fourth quarter of last year reveals an underlying sense of optimism among the Kenyan consumers. “Consumer confidence returned to positive levels in Q4 in Kenya as a result of an overall uplift in the scores on job prospects, personal finances, and readiness to spend. The marginal decline in inflation and the decrease in food prices for some staple products, coupled with a resilient private sector could have boosted consumer sentiments…
Author: NBM CORRESPONDENT
Dr. Joseph Aluoch’s 1991 Mercedes Benz 300 SE is the first entry received for this year’s CBA Africa Concours d’Elegance which is rated as the classiest event on the Kenya motor sport calendar. This year’s edition is the 49th in the annual series organised by the Alfa Romeo Owners Club and is scheduled for September 29th at the Ngong Racecourse. Dr. Alouch, a regular competitor and also a perpetual early bird, often parades this massive Mercedes dressed in various costumes. His best attempt was appearing as the “Last king of Scotland” in 2017 which deservedly won an award for fancy…
Commonwealth Development Corporation (CDC), the UK government-owned development finance institution has opened offices in Nairobi and Lagos. This is in line with UK’s agenda of increasing trade ties with African countries. According to Nick O’Donohoe, chief executive of the CDC Group, the new offices in the capital cities of Kenya and Nigeria will allow the firm to seal investments and expand their support to enterprises across the continent. “I think we wouldn’t have committed to that number unless we thought it was doable in a way that allowed us to earn a return and have significant development impact. It does…
Profile Software, an international financial solutions provider, has launched its recently enhanced Axia Suite release 2.1 that delivers advanced investment management, compliance and reporting capabilities. Axia Suite is Profile’s leading omni-channel and web-based investment management solution that fully supports the operations of Wealth Management, Asset & Fund Management, Custody Services and Robo-Advisory on the same platform and through a single data model. The platform accounts for an increasing number of implementations globally and is continuously being recognised by well-known industry analysts. The provider has now been enriched with new functionalities for risk management & compliance. Specifically, enhancements focus on creating…
The number of undernourished people in Africa is on the rise. According to a joint report by the Economic Commission for Africa (ECA) and the Food and Agriculture Organization of the United Nations (FAO), there are 257 million undernourished people in Africa as compared to 222.5 million in 2015. The hike, the report says, is due to different factors such as adverse climatic conditions like El Nino, soaring staple food prices and global economic conditions. The report, The 2018 Africa Regional Overview of Food Security and Nutrition Report, reveals that the total number of undernourished people globally is 821 million.…
Ethiopia, Kenya, Rwanda and Tanzania have been ranked among the most attractive destinations in Africa in 2019, as according to a study by South Africa’s Rand Merchant Bank (RMB) that placed them in the fourth, fifth, sixth and seventh positions respectively. Out of the 53 countries analysed, the top position of the RMB Investment Attractiveness index in Africa went to Egypt for the second time in a row, boasting the largest consumer market of approximately 100 million people and a diversified economy which attracts a lot of investment. It was followed by South Africa and Morocco, which were ranked position…
A growing number of corporations in Nairobi are turning to Occupier Services consultants to optimise value from their real estate spend as they seek efficiency and cost-reduction in their operations. According to experts at Knight Frank Kenya, cost-sensitivity has resulted in companies exploring various options including consolidating their workspaces, sub-letting surplus office space or moving into more productive and efficient spaces. The trend has also seen enterprises embrace alternative workspace solutions such as serviced offices, which allow for co-working and flexibility in managing leasing costs. On the development side, office accommodation is shifting focus to the end-user perspective with a view…
According to the Corruption Perception Index 2018 by Transparency International, Kenya is ranked position 144 out of 180 countries. This puts our beloved country among the most corrupt countries of the world. This ranking can be attributed not only to the long list of scandals that have plagued the country but also to the volumes of cash involved and lack of sophistry, or the primitive, shameless manner in which the public coffers have been raided under the watch of Jubilee Government. Put together, they make the mind-boggling Goldenberg Scandal of the Nyayo era look like child’s play. You can talk…
BY EMEKA-MAYAKA GEKARA Two emotional ceremonies took place in Bangok,Thailand, on January 23 and Nairobi a day earlier. Thais held a memorial service in honour of 21 people killed in the January terror attack on the DusitD2 Hotel complex. The DusitD2 Hotel in Nairobi is one of the 29 hotels and resorts owned by the Dusit Thani Group of companies, a Thai multinational hospitality firm with headquarters in Bangkok.The Nairobi ceremony took place at Christ is The Answer Ministry (Citam) Church on Valley Road for the six employees of financial security firm Cellulant who perished in the raid. The two…
You don’t drown by falling in water; you drown by staying there – Edwin Louise Cole the founder of Christian Men’s Network. BY DAVID ONJILI Dennis Oliech, like the biblical Lazarus who Jesus Christ brought back to life four days after his burial, has made a return to the Kenyan football after many had written his obituary. On the evening of January 2, 2019 when blurred images of Oliech alongside club’s chairman Ambrose Rachier surfaced, the deal was done. Reliably rumoured to be a two-year contract and attracting a salary of Sh 350,000 per month excluding training and winning bonuses,…
