BY VICTOR ADAR A shrewd entrepreneur draws strength from the troubles of starting up, navigating the tough times and growing stronger when things start clicking. With determination to grow especially when a founder passes on and cash stops flowing like manna like before, the individual who takes over must keep his or her thinking caps on. Well, the most significant moment is when customers are still happy about products and services being offered months or years after demise of a venture’s original founder. Johannes Ewaldus Maria Zwager popularly known as Hans Zwager purchased Oserian Farm in 1969, when it was…
Author: Editor
Mobile payment brand M-PESA has again been voted Kenya’s leading Superbrand, ahead of parent company Safaricom. The latter moved up one place to second, swapping positions with the Kenya Red Cross, which dipped to third. The result follows a comprehensive survey of marketing experts and over 1,000 Kenyan consumers on behalf of Superbrands East Africa, in a process managed by London based The Centre for Brand Analysis. Illustrating the increased consistency of the leading brands in the region, 13 retained a top 20 position from the previous survey. New entries into the top 20 however included oil giant Total, which…
The Kenya Tourism Board (KTB) has called for the introduction of direct scheduled flights from the United Kingdom (UK) to Mombasa so as to boost tourist arrivals from the important source market into the coastal region. There have been no direct flights from the UK to Mombasa following the abrupt withdrawal of UK Charters from the route, leading to an immediate reduction in tourist arrivals to Kenya from the UK. The call was made by KTB chair Jimi Kariuki at the English Point Marina in Mombasa during the launch of the British Chamber of Commerce Coast Branch and also noted…
IFC, a member of the World Bank Group, together with The MasterCard Foundation, today announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo. Under the agreement, FINCA will expand access to credit and digital financial services for low-income people and small-scale entrepreneurs. The Democratic Republic of Congo has made great strides in increasing financial inclusion in recent years, yet less than 11% of adults in the DRC have an account with a formal financial institution, and only 2% have access to formal and regulated credit services. Such financial exclusion can be…
Nairobi’s dusitD2 in Westlands has introduced Den, a new facility that will cater for customized conferencing services, adding to the hotel’s wide range of hospitality services – catering to a variety of events from celebrations like birthdays, anniversaries, promotions, networking events and training-workshops. The facility which opened its door in January, will see customers enjoy customized conferencing services highlighting extended set up styles and design including theater, classroom, cabaret, banquet, dinner dance, L shape and cocktail just minutes from the CBD. “The facility will bring convenience to our customers and achieve great customer satisfaction. DEN’s architecture allows us to offer…
Indian based and world’s largest manufacturer of motorcycles, Hero MotoCorp and its Kenya exclusive partner, Ryce East Africa have rolled out a personal accident cover for motorcycle riders which also covers boda bodas in Kenya, the first such cover by a motorcycle manufacturer in the region. Ryce East Africa, which assembles the Hero brand of motorcycles from its Nairobi-based assembly plant, will now include a personal accident cover with every sale of Hero motorcycles under the “Kuwa HERO wa familia Yako Campaign”, the first personal insurance cover for all motorcycle riders, however not covering corporate customers, who will be included…
By David Wanjala Lately, there has been a major burden in some counties with unpleasant scenarios. Children but also cattle, sheep and goats are dying because of drought and starvation making Kenya look bad. When Kenya experienced heavy floods in 2013, the government set aside 1.6 billion to help victims cope up with the situation. Back then, Nyahururu, Marsabit, Isiolo and Tana River Delta region were the most affected areas. But why is it that in any event that there is a crisis like shortage of food and water like now some Kenyans are suffering to the brink of fear?…
BY NBM WRITER Just over a year ago, when Imperial Bank Limited was put under receivership, Central Bank Governor Dr Patrick Njoroge was so bullish about its revival he promised to sort the issue in a matter of months. Fourteen months later, that exuberance has been turned into a convoluted journey littered with protracted legal battles. Optimism, which was once a plentiful commodity among shareholders of the bank and depositors, has been replaced with despair. A review of events of the past year and the court cases around Imperial Bank’s collapse shows a pattern of a well-calculated move to frustrate…
BY BENARD AYIEKO The burden of economic growth and development in the modern world has squarely been put on the shoulders of the private sector, which is that part of the national economy that is not under direct control of government and encompasses all for-profit businesses that are not owned or operated by the government. There are three ‘economies’ within the main economy; public, private and voluntary sectors. Public sector comprises of companies and corporations that are run by government officials referred to as civil servants. In this sector, all the operations are regulated and dictated by the government. The…
BY DAVID ONJILI With 456, the 2016 Sportpesa Premier League finally came to an end on November 19 with Tusker FC piping their closest rivals Gor Mahia to the title with a 1-0 win at Nyayo National Stadium to secure the title. Gor Mahia as the defending champions had to settle for second spot with Ulinzi finishing third. Ushuru FC and Nairobi City Stars were relegated to the National Soccer League. The winners Sofapaka FC staged one of the greatest comebacks ever experienced in the local league, to avoid relegation, finishing at number 14 out of 16. Collecting a maximum…