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Victor Amadala

Nairobi, Kenya
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About Victor
Victor Amadala is an award winning business, agriculture and environment journalist with over 500 features in leading local and global publications

As a development journalist, I identify problems and search for solutions - that is the only way a story can make sense....the 'so what journalism or change stories

I have written and edited for www.farmbizafrica.com, Business Daily, Daily Nation, Abakwa Times in Cameroon, CFO.net in South Africa, Intansjonal Reporter in Norway, Hivisasa News, Bizable, Kenya Kidz and now managing www.Dhahabu.co
ke

Had a brief stint at the Kenya Broadcasting Corporation, the only television experience
Languages
English Swahili
Services
Feature Stories Content Writing Corporate Content
+5
Skills
Business Fact Checking
Portfolio

Watu Credit commits Sh1.3bn to Kenya's e-mobility journey

31 Mar 2024  |  The Star
Watu Credit has pledged Sh1.3 billion to support Kenya's transition to electric mobility by financing over 500,000 electric motorbikes by 2030. The company is collaborating with manufacturers like Arc Ride and GOGO Electric to provide locally suitable electric bikes and develop a network of battery swapping stations. This initiative aligns with the Kenyan government's draft National Electric Mobility Policy, which aims to guide the development of electric transportation across various modes and promote the adoption of electric vehicles through measures like green-colored number plates.

Investment experts want Africa's capital markets harmonised

31 Mar 2024  |  the-star.co.ke
Investment professionals from the Chartered Financial Analysts Society East Africa have urged for the harmonisation of African Capital Markets, highlighting the need for legal and regulatory reforms during a conference in Kigali, Rwanda. Key sectors such as technology, renewable energy, and agriculture were identified as essential for economic growth and job creation. The experts also emphasized the importance of dismantling trade barriers, enhancing regional integration, and investing in infrastructure. Rwanda's Finance Minister Uzziel Ndagijimana described the efforts as part of a transformative chapter for Africa's economy. Partnerships with local Rwandan authorities aim to improve investment and financial literacy, with FinAcco Hub training 175 candidates for the CFA Programme by December 2023.

400,000 Kenyans to get free dental checkups from next month

25 Mar 2024  |  The Star
The Kenya Dental Association has partnered with GSK Limited to provide free dental checkups to 400,000 Kenyans starting next month. This initiative aims to improve oral health services across the country.

Portland Cement shuts for Sh400m fixing

21 Mar 2024  |  The Star
East African Portland Cement (EAPCC) has initiated a 25-day maintenance shutdown costing Sh400 million to enhance capacity, efficiency, and reputation. Managing Director Oliver Kirubai aims to increase production to one million tonnes by June 2026. The shutdown, ending on April 5, focuses on upgrading machinery and improving operational efficiency. The firm has a business continuity plan to maintain operations during this period. Last year, the government found a buyer for a 30% stake, pending presidential approval. EAPCC's revenues rose to Sh2.9 billion from Sh2.1 billion the previous year.

Kenya best in Africa's youth unemployment survey

20 Mar 2024  |  the-star.co.ke
Kenya has the lowest percentage of youth Not in Education, Employment, or Training (NEET) in Africa at 15%, with a notable gender disparity as females are almost twice as likely to be NEET compared to males. The country's high literacy rate contributes to this, with men more educated than women. The Africa Youth Employment Clock, developed by World Data Lab and the Mastercard Foundation, shows Kenya's youth employment in services at 52%, with 89% of jobs created between 2020 and 2023 in this sector. Despite a high youth employment rate of 60%, 89% of young Kenyans work in the informal sector. The Clock aims to provide real-time job growth data and forecasts for African youth employment trends through to 2030, supporting the Mastercard Foundation's mission to enable 30 million young Africans to find dignified work by 2030.

High loan rates to shrink economy in 2024 – KCB

05 Jan 2024  |  The Star
Kenya's economy is expected to contract in 2024 due to high loan rates, which may hinder access to credit for small traders, according to KCB. The bank's analysis suggests that the challenging credit environment will have significant economic implications.

Property investors count on chemical construction to cut costs, time - study

02 Jan 2024  |  The Star
The construction industry is experiencing a surge in demand for construction chemicals as property owners seek to reduce costs and time. In Kenya, this trend is evident with high demand for various construction chemicals. Public Works PS Joel Arumonyang emphasized the importance of these chemicals in modern construction, particularly for low-cost housing. A report by Research and Markets projects the global market for construction chemicals to reach $34 billion by 2026, driven by infrastructure and housing investments in emerging economies. Local firms like Long Chain Construction Chemicals are preparing for increased demand, with plans to expand into East Africa. The construction industry in Kenya is expected to grow significantly, supported by infrastructure and energy development projects.

Long Chain helps to cut construction time, costs with chemicals

21 Dec 2023  |  The Star
Construction chemicals are essential in addressing Kenya's housing deficit by reducing costs and time wastage. Public Works PS Joel Arumonyang emphasized their importance during a BORAQS event organized by Long Chain Construction Chemicals. Kenya faces a significant housing shortage, and the government is actively implementing affordable housing projects. Long Chain Construction Chemicals, established in 2020, offers innovative products like LCCC K11 and Polycarboxylate, enhancing construction efficiency and sustainability. The company plans to expand to Uganda and Tanzania in 2024. The global demand for construction chemicals is expected to grow significantly, driven by the need for environmentally sustainable options and increased construction activities.

IMF, World Bank loan pledges lift shilling, ease inflation

21 Dec 2023  |  The Star
The Kenyan shilling's depreciation slowed to 1.6%, a level last seen in July, following loan pledges from the IMF and World Bank. This market development, observed by financial firm FX Pesa, has contributed to easing inflation.

Printcare opens ALP West Logistics

14 Dec 2023  |  The Star
Printcare has selected ALP West Logistics Park in Kenya for its new manufacturing and packing plant, set to begin operations in April 2024. The facility will adhere to strict EU compliance standards, addressing the high demand for top-tier warehouses in Africa. The park's strategic location and modern infrastructure make it a preferred hub for global logistics solutions. This collaboration underscores ALP's commitment to international standards and economic growth in the region, with Printcare leveraging ALP's grade A facilities to enhance its operations in East Africa.

Kenyans head to Christmas broke on high taxes and weak shilling

12 Dec 2023  |  The Star
Kenyans are facing a challenging holiday season due to high taxes and a weak shilling, leading to tightened budgets for families and a significant impact on retailers and local businesses.

Defying culture to help black Americans invest and live in Kenya

08 Dec 2023  |  The Star
Kea Simmons, an African-American entrepreneur, is dedicated to helping black Americans tour, invest, and live in Kenya through her company, Traverze Culture. Inspired by her love for Kenya, she offers unique travel and investment packages that aim to bridge the racial wealth gap and foster cultural understanding. Recently, she received a symbolic 40-acre piece of land in Thika to create an estate for African American tourists and investors. Her mission includes taking Kenyans to South Carolina to build cultural bridges and plans to relocate 5,000 black Americans to Kenya, targeting those with disposable income. This initiative seeks to tap into the $1.9 trillion black American spending through conscious trade and commerce.

Banks likely to spend over Sh1 trillion to cover for bad loans

08 Dec 2023  |  The Star
Kenyan banks may spend close to Sh1 trillion to cover expected high loan defaults due to increased bank rates, high cost of living, and a weak shilling. The Central Bank of Kenya's recent base lending rate hike to 12.5% has raised concerns among industry players about reduced end-of-year profits and growth. Banks are expected to lend cautiously, with many targeting government securities. Non-performing loans (NPLs) have risen, particularly in manufacturing, trade, and personal sectors. Despite this, the banking sector is reported to be stable with strong liquidity and capital adequacy ratios. Banks like Equity, KCB, and others are setting aside more for loan loss provisioning, and some have already announced increased lending rates to customers.

Credit Bank plan to list on NSE still in motion

07 Dec 2023  |  The Star
Credit Bank is progressing with its intention to list on the Nairobi Securities Exchange, countering reports of a halt. The bank's principal shareholder is engaging with regulators and stakeholders to reach a consensus for the listing, which aligns with the bank's goal to transition from a tier three to a tier two bank. A recent capital increase involved selling a 20% stake to Shorecap III, following approvals from Kenyan authorities. The listing is anticipated to support President William Ruto's objective to revitalize public listings at the Nairobi bourse. Despite a recent court ruling that may affect Ruto's privatization plans, Credit Bank has improved its financial position, reducing gross losses and growing its loan book.

Tourists in Africa and Europe using less water - report

05 Dec 2023  |  The Star
Tourists in Africa and Europe are using less water, with international arrivals increasing by five and four percent respectively on the two continents. The report highlights a trend towards water conservation among tourists.

Costly loan as CBK raises base lending rate to 12.5%

05 Dec 2023  |  The Star
The Central Bank of Kenya (CBK) has raised the base lending rate by two percent to 12.5%, the highest increase in five years, to combat high inflation. This move is expected to make loans more expensive, potentially reaching up to 28% for some customers due to risk loan pricing by top banks. The Monetary Policy Committee (MPC) aims to anchor inflationary expectations and achieve price stability, with plans to monitor the policy's impact and adjust as necessary. The higher loan costs may hinder business expansion and job creation.

Ruto in dilemma amidst pressure from Wanjiku, IMF and the courts

03 Dec 2023  |  the-star.co.ke
President William Ruto of Kenya is facing criticism from the public for not fulfilling his promises, as well as pressure from the International Monetary Fund and the judiciary. The situation presents a complex dilemma for Ruto, who must navigate these challenges while in office.

Support groups insist on need to insure small traders

30 Nov 2023  |  the-star.co.ke
New Faces New Voices, under the Graça Machel Trust, and Kayana are collaborating to enhance the resilience of women-led businesses in Kenya through insurance products. NFNV chairperson Caroline Armstrong-Ogwapit emphasized the importance of insurance for business continuity and growth, particularly for micro and small businesses. A pilot group was convened to raise awareness about business risks and insurance solutions. The initiative aims to co-create gender-responsive insurance products, with input from insurance companies like Britam, Prudential, Liberty, and Madison Insurance, as well as KCB Bank's Innovations team. A study by Viffa Consult found that only 26% of women-led SMEs in Kenya have insurance coverage.

Capital market players decry high yields on state papers

22 Nov 2023  |  The Star
Capital market players, represented by the Association of Pension Trustees and Administrators of Kenya (APTAK), express concern over high yields on government papers, which they argue are exacerbating Kenya's public debt. APTAK's chairperson, Hosea Kili, advocates for 'patriotic investment' to stabilize the capital market and enhance the value of domestic investments. The government has been offering high yields to local debt investors to fund the budget deficit, leading to increased interest rates and shorter bond durations. This situation has negatively impacted the equity market, with significant foreign investor exits and declining performance of the Nairobi Securities Exchange. The Central Bank of Kenya's data indicates a shortening of bond maturity periods, and banks holding large amounts of Treasury bonds face potential valuation losses due to the high interest rate regime.

Hong Kong is now Russia’s biggest gold trade partner

19 Nov 2023  |  the-star.co.ke
Hong Kong has surpassed Dubai as the leading hub for Russian gold trading, importing a record $2.3 billion worth of gold from Russia in the first eight months of 2023. This surge is linked to US sanctions on Russian gold miners and a crackdown on illicit bullion market activities in the UAE. The Hong Kong dollar's peg to the US dollar, a strong financial system, and a history of trade with Russia contribute to this trend. The shift could support the Russian economy amid sanctions, complicate enforcement of Western sanctions, and raise concerns about money laundering. It may also increase gold demand and prices, introduce market volatility, and affect market transparency.

G-to-G oil plan saved Kenya's economy, says EPRA

17 Nov 2023  |  the-star.co.ke
The Energy and Petroleum Regulatory Authority of Kenya, represented by director general Daniel Kiptoo, has credited the government-to-government (G-to-G) oil plan with saving the Kenyan economy from sinking and softening the cost of living. The plan, involving Gulf oil firms such as Emirates National Oil, Abu Dhabi National Oil, and Saudi Aramco, has reduced exchange rate volatility and pressure on the Kenyan shilling by allowing local oil marketers to receive fuel on credit terms and sell it in shillings. Payments to suppliers are made in dollars collected over 180 days, managed by local banks like Kenya Commercial Bank. The plan has been criticized by some as selfish and short-sighted, but Kiptoo argues that its success is evidenced by neighboring countries like Uganda adopting similar strategies. The plan has delivered 42 cargos and paid 13 letters of credit worth $1.001 billion, with renegotiations leading to reduced freight and premium costs, which are expected to lower retail fuel prices.

KRA announces new paybill for taxpayers

17 Nov 2023  |  mpasho.co.ke
The Kenya Revenue Authority (KRA) has announced that all tax payments via mobile money will now be made through PayBill 222 222, as part of the government's single payment platform introduced in 2022. This change is effective immediately, in line with the Kenya Gazette No. 16008 of 2022 and a Presidential Directive. The new system integrates with various KRA business systems and the eCitizen portal, which will handle all government service payments. Treasury Cabinet Secretary Njuguna Ndungu emphasized the use of National Identity Card numbers for citizens and Alien Identity Card numbers for foreigners as official identifiers in the digital payments platform.

IMF approves Sh142.7bn loan to Kenya

16 Nov 2023  |  mpasho.co.ke
The International Monetary Fund (IMF) has reached a staff-level agreement to expand its financing to Kenya by $938 million (Sh142.6 billion), which allows immediate access to a $682.3 million (Sh103.7bn) tranche. The agreement awaits IMF management approval and Executive Board consideration, expected in January 2024.

New Eurobond loading as Kenya picks arrangers

13 Nov 2023  |  the-star.co.ke
Kenya has selected Citi and Standard Bank as joint lead managers for a potential dollar-denominated debt, signaling a return to the Eurobond market. The National Treasury announced the appointment after a procurement process, with the transaction dependent on market conditions. Experts predict high interest rates for the new Eurobond due to downgrades by credit rating firms and a warning from the IMF about high yields on Eurobonds. The government is committed to repaying $300 million of the inaugural Eurobond from 2014, with President William Ruto addressing the debt concerns in his State of the Nation address. Kenya's Eurobonds have seen increased yields, and the government faces currency devaluation pressures, leading to a revised repayment plan for the initial Eurobond.

Tullow secures Sh60bn five-year debt facility

13 Nov 2023  |  the-star.co.ke
Tullow Oil has secured a $400 million five-year debt facility with Glencore to manage its senior notes maturing through 2026. The deal includes an oil marketing and off-take contract for Tullow's crude oil entitlements in Ghana and Gabon. The facility, along with Tullow's cash on hand and expected free cash flow, will address outstanding 2025 Notes and aid in refinancing the 2026 Notes. The transaction is seen as a strong endorsement of Tullow's business plan and strategy, and it brings hope to the firm's operations in Africa, including the stalled Turkana oil plan in Kenya. Talks are ongoing with three Indian state-run oil companies for a stake in Tullow's Kenya block.

Ransomware attacks dwell time drops 72% on firms' vigil - Sophos

12 Nov 2023  |  www.the-star.co.ke
Ransomware attack dwell times have decreased by 72% as firms improve their cybersecurity measures, integrating detection technologies and hiring experts. Sophos' field CTO, John Shier, reported at GITEX in Dubai that median attacker dwell time reduced to five days for ransomware attacks. The retail sector has become a softer target, with 71% of organizations hit by ransomware reporting successful data encryption. The report highlights the need for retailers to enhance their defenses, as recovery costs for those paying ransoms are significantly higher than for those using backups.

Kenya Power shareholders approve board restructuring

10 Nov 2023  |  The Star
Kenya Power shareholders have approved a board restructuring to better reflect shareholding, granting the government six out of ten board votes. This decision, made at the Annual General Meeting, aims to protect minority shareholders' interests, shifting the focus from professional to investor representation. The government, holding a 50.1% stake, has significant decision-making power, which has previously disadvantaged small investors.

Safaricom announces Sh34.2bn net profit for half-year ended Sept

09 Nov 2023  |  mpasho.co.ke
Safaricom PLC reported a net profit of Sh34.2 billion for the half-year ending September 30, 2023, driven by a 10.9% growth in net income and a 10% increase in group service revenue. The company's success is attributed to price reductions in Kenya, strategic product launches like Safaricom Hook, and accelerated 5G rollout. CEO Peter Ndegwa emphasized the company's commitment to supporting customers through enhanced value and reduced prices. In Ethiopia, Safaricom's M-Pesa rollout achieved over 1.2 million customers, with data usage surpassing Kenya's. The company aims to deepen financial inclusion and promote a cash-lite economy in Ethiopia.

IMF saved Kenya from Eurobond default - Ndii

07 Nov 2023  |  The Star
Kenya narrowly avoided defaulting on its inaugural Eurobond due in June 2024, thanks to the intervention of the International Monetary Fund (IMF), according to David Ndii, President William Ruto's lead economic advisor. The IMF's Extended Credit Facility has provided crucial financial support, with recent disbursements aiding Kenya's budget and climate change efforts. The depreciating Kenyan shilling has increased the repayment burden, prompting the government to seek additional commercial loans from regional policy banks. Ndii's comments highlight the country's financial challenges and reliance on multilateral institutions amid global market tightness.

Kenya’s Economy benefits greatly from Maa Culture, Ole Lenku tells AU

05 Nov 2023  |  The Star
Kajiado Governor Joseph Ole Lenku highlighted the significant role of Maa culture in Kenya's economic growth, particularly in tourism, at the Africa Union 'Africa Celebrates 2023' meeting in Addis Ababa. He emphasized cultural diversity as an enabler of national integration and praised the Kenyan Constitution for recognizing culture's importance. The conference featured discussions on promoting trade and investment within Africa and empowering women and youths. Notable speakers included former Malawi President Joyce Hilda Banda and other dignitaries. The event concluded with a showcase of Maa cultural heritage.

Insurance grows as youths embrace tech policies

01 Nov 2023  |  The Star
The insurance sector in Kenya saw a slight growth in 2022, driven by the youthful population leveraging technology despite high inflation. The Insurance Regulatory Authority's report highlights a 2.29% increase in insurance penetration and a 13.4% rise in gross premiums. The industry's net profit surged by 70.2%, with significant growth in both long-term and general insurance businesses. Kenya ranks fourth in Africa for gross premium income. The report emphasizes the need for simple, custom-made policies and strategic partnerships with fintechs and telcos to meet modern insurance needs.

CMA asks tech firms to follow global trends to dominate NSE

31 Oct 2023  |  The Star
Kenya's Capital Market Authority (CMA) is urging technology firms to diversify investments in capital markets to leverage the country's growing technological infrastructure. Safaricom dominates the Nairobi Securities Exchange (NSE) technology sector, but its stock has significantly declined. Airtel Kenya plans to list on the NSE, following a policy change requiring telecoms to ensure 30% local ownership by March 2024. Globally, tech firms lead major stock exchanges like NYSE and Nasdaq. However, Kenya's capital market has struggled, with the NSE performing poorly and not attracting new listings for nearly a decade.

Demand for pasta meals increases by 99% - report

27 Oct 2023  |  the-star.co.ke
Kenya has seen a 99% increase in pasta deliveries, ranking second globally in pasta order frequency growth. Glovo's report highlights a significant rise in pasta consumption, with Nairobi leading in deliveries. The growth is attributed to an increase in pasta-SMEs on the Glovo app, which supports local businesses. Ivy Maingi, Glovo's interim general manager, notes a 72.3% increase in partners offering pasta. SMEs have seen a 101% growth, with Nairobi, Mombasa, and Ngong-Rongai-Karen being the top consuming regions. Syokimau, Kisumu, and Thika have the highest growth rates. Popular dishes include Chicken Alfredo and Spaghetti Bolognese. Kenya also follows the global trend of increased online grocery orders, with a 44.5% growth in the past year and an 83.6% surge in pasta orders from online groceries.

Petrol price increases by Sh5.72, diesel up by Sh4.48

14 Oct 2023  |  classic105.com
The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices for the month, with super petrol up by Sh5.72 per litre, diesel by Sh4.48, and kerosene by Sh2.45 in Nairobi. The new prices are Sh217.36, Sh205.47, and Sh205.06 per litre respectively, inclusive of VAT and adjusted for inflation. The government's stabilisation mechanism, funded by the Petroleum Development Levy, has mitigated the potential higher increases. The G-to-G arrangement has helped ease USD liquidity issues and slowed the shilling's depreciation. The government has secured 41 petroleum import cargoes under this program and negotiated reduced premiums with suppliers.

Azziad, Shiks, Dorea Chege, & Pascal Tokodi join newest series 'Pink Ladies Show'

14 Oct 2023  |  mpasho.co.ke
The 'Pink Ladies Show', a new drama series featuring Dorea Chege, Azziad Nasenya, Shiks Kapyenga, Pascal Tokodi, and Brenda Gesare, will air on StarTimes's Rembo TV starting November. Directed by Reuben Odanga, the series revolves around four single women navigating life's complexities and promises a mix of love, romance, comedy, and drama. It will be broadcast Monday to Friday from 8:00 PM to 8:30 PM.

CBK retains base lending rate at 10.5%

03 Oct 2023  |  The Star
The Central Bank of Kenya (CBK) has maintained the base lending rate at 10.5%, defying market expectations of a rate hike. This decision, influenced by the Monetary Policy Committee (MPC), aims to keep borrowing costs stable until the next review in November. Analysts had anticipated a rate increase to counter inflation, which the Africa Development Bank projects to average 8.6% this year. The MPC noted that inflation is expected to stay within target ranges due to lower food prices and easing underlying inflationary pressures.

Safaricom unveils cloud services to help businesses digitise

27 Sep 2023  |  The Star
Safaricom has launched an enhanced cloud computing platform and services aimed at helping businesses and organizations in Kenya digitize their operations. The new services, powered by VMware technologies and hosted in Nairobi and Kisumu data centers, offer flexibility, scalability, and secure hosting. Chief enterprise business officer Cynthia Karuri-Kropac highlighted the initiative as a catalyst for innovation and growth, aligning with Safaricom's commitment to digital transformation. The cloud services provide enterprise customers with scalable computing resources, secure connectivity, and payment integrations, supporting reliable and efficient business operations.

Auto security firms feted as car theft reduces in Kenya

25 Sep 2023  |  the-star.co.ke
Kenya has seen a reduction in car theft, with less than 1 out of 100,000 people losing their vehicles, which is below the global and continental averages. The 2023 Automotive Industry Awards recognized Autotronix Telematics as a key player in the automotive sector. CEO Martin Mugo highlighted the importance of leveraging technology and information for automotive security solutions in Kenya. The fluctuating private car theft rate indicates the need for enhanced security, and there is potential for local solutions to meet the growing demand for services like fleet management.

Future of Kenya's tea sector promising, but comes with challenges

24 Sep 2023  |  The Star
The Kenyan tea industry, characterized by both smallholder farmers and large-scale producers, plays a significant role in the country's economy by providing employment and contributing to export revenues. Despite facing challenges such as price fluctuations and climate change, the industry remains promising. Key strategies for maintaining competitiveness include quality assurance, market diversification, cost management, and sustainability. The Kenya Tea Growers Association (KTGA) is actively engaged in climate change mitigation, community support, and socio-economic empowerment. Collaborative efforts with the government and local communities aim to address historical land issues and ensure fair land rates. The future of Kenya's tea industry as a cash crop is promising, contingent on continued strategic planning and adaptation to market dynamics.

Special Reports Why quality care for all remains elusive

22 Apr 2017  |  Business Daily
The article discusses the challenges faced by Kenya's health industry in providing quality healthcare for all. It highlights the acute shortage of health workers, with only 75% of registered medical professionals considered active. Efforts to address this include the Emergency Hire Plan, distance education programs, and the opening of new medical training facilities. Despite these efforts, the retention of medical workers remains a challenge due to poor pay, leading to a high rate of migration to the private sector or abroad. The article also touches on the financial aspects, noting the decline in health budgets and the government's commitment to improving health outcomes. Additionally, it mentions the growth of medical tourism in Kenya, with investments in medical facilities and equipment to attract patients from neighboring countries. The article concludes by acknowledging the strides made in the health sector despite financial and resource limitations.

There are millions of myths and taboos that both literate and illiterate patents especially in third world keep, hurting their children. This story fact checks on 'plastic teeth' that force patents in East Africa crudely extract their children's teeth. I filed it for KenyaKidz, an African Laughter Media publication. I scoped AFF Africa Fact Check Award in 2014

The GM debate has left many people more confused due to poor information available. The story digs into pro and cons of GM crops to the environment

The GM debate has left many people more confused due to poor information available. The story digs into pro and cons of GM crops to the environment

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