We have exciting news. This September, Mkono is taking part of GlobalGiving’s Little x Little Matching Campaign. From September 12, 2022 to September 16, 2022, you and anybody you know can donate directly here. For more information, read on.
Last spring, we welcomed Joseph Ombam as our Kenya Growth Catalyst Consultant. Recently, we sat down with him to get to know him better. In this interview, Joseph shares his background, goals in his new role, and thoughts on Mkono’s impact.
On July 19th, as part of our 3-year anniversary, Mkono held its first guest speaker event. During the hour-long presentation, our volunteers heard from two entrepreneurs–Zia (Zia Africa) and Joseph (House of Asaa)– about their businesses and the impact Mkono has had on them. Here are a few highlights that made the event so special!
Election season has arrived as Kenyans across the nation prepare to elect their new government and President on August 9th, 2022. Polling from previous elections has resulted in Kenyans feeling apprehensive during every election season post the 2007 Kenyan Presidential Elections. In 2007, President Mwai Kibaki was re-elected as president leading to a series of protests and violent attacks on protestors by the police. Similar events took place during the previous elections in August, 2017, where Human Rights Watch stated that the violence and brutality observed led to several human rights violations.
Living expenses in Kenya have been increasing at vast rates over the past few months, as seen in Figure 1 below. The inflation rate reached a high of 7.9% in the month of June, surpassing the ceiling rate the Kenyan Central Bank had estimated of 7% (Wamugu, 2022) .
The high rates of inflation in Kenya have been attributed primarily to the increasing fuel prices which have hiked up transportation costs, consequently impacting business operational costs. For instance, gasoline prices increased from 134.34KSH (1.14USD) per litre in May 2022, to 159.12KSH (1.35USD) per litre in June 2022 (Global Petrol Prices, 2022).