BY JANE WACHIRA Hero Honda Motors Limited (as it was known until 2011) was a joint venture between Honda Motor Company of Japan and the Hero group of India orchestrated in 1984. Honda, as independent entity, could not successfully invest in India since Indian policy dictated that it merges with an existing Indian company in order to access the Indian market. The merger created the world’s single largest two wheeler company and one of the most successful joint ventures worldwide. While India’s franchising policy requires that foreign franchises enter the Indian market in partnership with an existing Indian company trading…
Author: Editor
The Board of Directors of the Kenya Tourism Board (KTB) announced the appointment of Betty Addero Radier as the Corporation’s Chief Executive Officer in early October. Ms Radier who is expected to assume full responsibilities of office from December 1, 2016, brings with her more than 18 years of senior management experience in marketing, strategy and operations and has held the position of managing director of Scanad Kenya (current), JWT and Scanad Advertising Tanzania, McCann Kenya Ltd, and Lowe Scanad Uganda Ltd. On responsibilities, she is expected to provide leadership to the management team in the development and implementation of…
Chivas Regal has launched the first Kenyan edition of Chivas The Venture, a global search to find and support the next generation of social enterprise start-ups that want to succeed whilst making a positive impact on the lives of others. With over $1 million in funding and resources, the competition aims at inspiring social entrepreneurs and those seeking positive change from around the world to pursue their ambitions and realise their potential. Chivas Regal in October launched the first Kenyan edition of Chivas The Venture, a global search to find and support the next generation of social enterprise start-ups that…
Financial services provider UAP Old Mutual Group expects accelerated growth in its marine insurance with the commencement of section 20 of the Insurance Act that compels importers to buy policies from local underwriters. The move comes in the wake of a directive from Treasury to importers to buy policies from local insurers beginning January 2017. In June this year, the group introduced Specialty Insurance in conjunction with its parent company Old Mutual Specialty Insurance, a global leader in speciality underwriting. Following the partnership, UAP Old Mutual has the capacity to underwrite up to $250 million (Sh25billion) sum insured in any…
Popular Rwandese pastry chain Brioche is set to open its first eatery in Kenya at the newly completed UAP Old Mutual Tower . Brioche which operates a chain of pastries and bakeries in Rwanda is expanding to Kenya to cater for the growing market for pretzels, swiss rolls, wraps, baguettes, croissants, doughnuts, ciabatta, crumpets and other pastries. “Brioche aims to offer a little moment of happiness in people’s life, a break from the daily pressure, an experience to share with family, friends or colleagues. We aim at sourcing high quality ingredients to make healthy and tasty dishes. And we like…
BY LUKE MULUNDA Never despise the days of humble beginnings. Many of today’s successful entrepreneurs started humbly and have built businesses that are impacting greatly on the lives of many people. Mr Kevin Mwangi is one such entrepreneur. In 2002, Kevin, who hails from Nyeri County, then a student at the IAT College, got the urge of going into the gym for physical training, but his desire was short lived as he didn’t have the Sh1, 000 that was needed for membership. This made him to start thinking of an alternative way to quench his desire. While helping his mother,…
The Kenya News Agency, in partnership with the ICT Authority, showcased its online historical image archive in Machakos County as part of the Mashujaa Day celebrations. The showcase entailed a street exhibition display of historical photos of Kenyan heroes as well as memorable images of Machakos County that hosted this year’s Mashujaa Day ceremonies. The Online Historical Photo Library, available on Urithi.go.ke is meant to give all Kenyans access to their historical assets, and is the first of its kind in the country. The exhibition events will be held in 7 different towns across the country including Machakos, Mombasa, Nakuru,…
It is not enough to just buy land for speculation, waiting for it to appreciate in value for re-sale. Property Reality Company (PRC) has issued the first of its annual payouts to the investors of its agribusiness-focused investment pilot plan, Kilimo Biashara. Speaking at the event where more than 50 investors had come to collect their earnings, PRC Chairman Mr. Brian Gacari, said that the importance of agriculture in the economies of Sub-Saharan African countries cannot be overemphasized. According to a report by the World Bank, agriculture accounts for an estimated 65% of the regions’ employment. In Kenya, the sector…
The European Union (E.U) delegation to Kenya in conjunction with the Ministry of Public service, Youth and Gender Affairs has entered into a partnership to help promote both women and the youth in the country. The E.U Ambassador in Kenya, Stefano A. Dejak and Cabinet Secretary (CS) for Public Service, Youth and Gender Affairs, Sicily Kariuki emphasized how important it is to secure the future of the youth and to promote women to take up more senior roles in the society. They were speaking at a press conference in Ambassador Dejak’s residence last month This support comes at the perfect…
Corruption has hit an all time high in the country. The matter seems to be the biggest thorn in the flesh of President Kenyatta’s Jubilee Government, as it appears to have run out of both steam and innovation to deal with it. During the State House Summit on Governance, Anti-Corruption and Accountability last month, the President showed, through his frustration, just how much the issue has spiraled out of control. The blame game between top government agencies in the war against the vice did not help either. The public’s frustration with runway graft grows every sunrise. People want answers for…