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Dollar reserves hit an all-time high of KES 653bn As CIC targets Kajiado and Kiambu properties with KES 1.7bn
by Soko Directory Team

 Dollar reserves hit an all-time high of KES 653bn 

 

Central Bank has bought the bulk of Eurobond dollars from the Treasury in the past three weeks helping push up reserves by more than USD 1 bn to an all-time high of USD 7.4 bn (KES 652.9 bn). Over the past three weeks, the Central Bank of Kenya (CBK) has raised foreign exchange reserves from USD 6.3 bn covering 4.13 months of imports to USD 7.4 bn or 4.85 months of imports cover. According to CBK, the new level of reserves will help meet any unforeseen market developments, a veiled reference to the slide of the shilling to a three-year low against the dollar. The move by CBK to bulk up dollars comes at a time the shilling is under pressure from reduced forex inflows even as demand for dollars grows from manufacturers and for financing capital equipment purchase for large projects.
 
 
CIC targets Kajiado and Kiambu properties with KES 1.7bn
 
CIC Insurance plans to invest majority of proceeds from its KES 5 bn bond in real es

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Trans-Nzoia Endorses The Use Of Modern Technology In Agriculture
by Soko Directory Team

Governor of Trans-Nzoia sees Technology as key to upgrading farming practices, increasing productivity in the various enterprises, and creating more wealth and employment for improving livelihoods of the County.
 
 
The County of Trans-Nzoia held an agricultural field day to provide an opportunity for farmers, traders and other stakeholders in the County’s agricultural sector to access modern farming technologies, establish business relations and promote farming business. The field day themed ‘Innovative Agriculture for Development’ was organized by County Governor Patrick Khaemba and saw attendance by the Cabinet Secretary from the Ministry of Agriculture, Livestock and Fisheries, Hon. Felix Koskei as the guest of honour as well Pradeep Paunrana, the Managing Director of ARM Cement, who produce Mavuno Fertilizer.
 
 
Speaking at the event Governor Patrick Khaemba noted, “Agriculture is the mainstay of majority of the people of the county. The County Government therefore recogn

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Which solar heating system best suits your home?
by Edward Davis

All homeowners and tenants want to be able to have a hot shower with plentiful water but even in some up-market properties across Kenya, the experience of showering leaves a lot to be desired. Hot showers can be costly, with the electricity used to heat water accounting for more than a third of the average household electricity bill.
 
 
 
 
Indeed, in a household of five, where the monthly electricity bill is KShs 5,000, at least KShs 1,650 goes on heating water. But this need not be the case. Kenya receives an estimated 4 to 6 kWh per square meter a day of solar power, according to the Climate Innovation Centre (CIC). This is far more than the 2.3kWh consumed by the average household each day, according to data from East African Community.
 
 
This natural solar advantage in Kenya, coupled with the rise of the cost of electricity to 48 cents per unit in June 2014, up from 30 cents per unit, is set to prompt many more well informed consumers to move to solar water heaters, w

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Jovago Announces Its Expansion To SADC Region
by Soko Directory Team

Africa’s largest online hotel booking platform Jovago which recently signed up its’ 1000th property in Kenya has now announced its entry into the SADC region. This remarkable achievement comes in a timely season, as the world gears up to the upcoming World Responsible Tourism Day in quick succession to the global World Tourism Day later this month.
 
 
Victoria Falls 
 
“Zimbabwe is listed among the fasted growing travel destinations in Africa, we want to be part of this incredible growth.” Said Estelle Verdier-Watine, the Managing Director Jovago.This latest expansion southwards is marked by distinguished partnerships with leading hotel groups such as Regency Hotels and the historic Meikles in Harare; “With the economic improvement in Zimbabwe and the global attention accorded to the country’s natural tourist destinations, the future of Zimbabwe’s tourism industry can only get better” She continued.
 
 
Bolstering E-tourism Beyond Regional Boundaries
 
With a growing inven

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Nairobi in Sh97.8 billion plan to improve health services
by Soko Directory Team

The Nairobi City County Government has today launched an ambitious Sh97.8 billion five-year plan whose aim is improved health services for the country’s 3.6 million residents.
 
 
The Nairobi City County Health Sector Strategic and Investment Plan would see an average annual investment of Sh19.6 billion, with the first year requiring Sh17.9 billion.
 
The plan sets a slew of ambitious targets which include increasing life expectancy for city residents by 10 per cent; reducing infant mortality rate (per 1,000 births) from 60 to less than 50 and maternal mortality ratio (per 100,000 births) from 488 to less than 300.
 
“This blueprint provides a valuable framework for concrete and measurable action to improve the health of the residents of Nairobi. We laud the County Government for its commitment to the plan’s full implementation,” said First Lady Dr Susan Mboya-Kidero.
 
She lauded the plan’s focus on quality and capacity building in health services and noted that medicare in

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