A recent meeting by Kenya Association of International Cargo Coordinators (KAICC) at Boma Inn, Nairobi, saw most members push for what would make their business boom. The KAICC, whose major objective is to promote legitimate trade of cargo consolidation, encourage professionalism, collaborate with stakeholders and propose appropriate policy guidelines for the industry, has continued to engage stakeholders like the Kenya Bureau of Standards (KEBS) and Kenya Revenue Authority (KRA) to facilitate trade and support government fight against substandard, counterfeit and illicit trade. It was registered in 2017 and is currently being managed by an executive committee that consists of a…
Author: NBM CORRESPONDENT
Toyota Kenya, the sole distributor of Toyota cars and Yamaha brands in Kenya, has partnered with Prime Bank in launching its new product dubbed the New Drive Loan Facility, which allows Association of Insurance Brokers members to get up to 100% financing towards the purchase of selected Toyota Kenya vehicles. A part of the new product aims at trying to encourage people to purchase brand new cars over second-hand vehicles. The partnership will allow insurance brokers to be able to access loans while purchasing vehicles that include the Toyota Rush, RAV4, Fortuner and the Suzuki Ertiga, with a repayment period…
By Victor Adar It is not easy to survive in business with little faith. This will, of course, be disputed but one Agnes Maina is proof that some groundbreaking ventures are not for the faint hearted. She had worked in the pharmaceutical industry for about nine years, both in community and hospital pharmacy. After an illness that took a while to recover from, she decided to take a sabbatical while pondering her next move. When she finally recovered sufficiently to return to work, getting a job became a real challenge. Entry point was to set up a pharmacy, with a…
Risk Management is a relatively new field of professional practice yet locally and globally, there is a major shift by regulators to entrench high risk management standards and which have become a core reporting requirement by management as well as a key responsibility of the Board of directors in the private sector and government. According to Dorothy Maseke, chairperson of the Institute of Risk Management in East Africa (IRM EA), Kenya’s public sector is for instance, guided by the Mwongozo Corporate Governance Code which sets out its compliance parameters. “Threats and opportunities have been a standard in every organization’s overall…
Kenya Airways (NSE: KQ) has increased flight frequency to three regional tourist destinations – Mombasa, Zanzibar and Kilimanjaro in July – August 2019. The increased frequency will also cover the Juba and Kigali routes as a result of increased demand during the peak travel season. The coastal city of Mombasa will see an increase of two flights to twelve daily with customers travelling to Kilimanjaro enjoying an additional flight bringing the total flights to two daily. The Juba, Zanzibar and Kigali routes will each see an additional flight with 4 flights to Juba (Monday, Wednesday, Friday & Sunday), 5 flights to…
Africa’s largest wind farm, the Lake Turkana Wind Power project, has been officially launched. The Kenyan project is aimed at reducing electricity costs and dependence on fossil fuels and moving the nation to meet its ambitious goal of 100% green energy. The wind farm which consists of 365 turbines on the shores of Lake Turkana in northern Kenya is expected to produces up to 310MW and supply 13% more electricity to the national grid. Each one of the 365 turbines has a capacity of 85kw. Kenya is currently at the top when it comes to renewable energy as the country…
Graca Machel advances the conversation on financing women entrepreneurs in Africa Her Excellency Graca Machel was in Nairobi in July to support 100 women-led businesses in East Africa to access funding from G7 countries in partnership with her organization, Graca Machel Trust. The renowned children and women’s rights advocate first interacted with her partners among them Barclays Bank and diverse networks representing women in media, finance, Agribusiness and even those in tech to accelerate the conversation surrounding gender inclusion and diversion towards women’s social, economic empowerment. “The objective of this platform is to work together with women movements in removing…
Alexander Helfritz, the sales and marketing director of DT Dobie and Usha Nagpal, the general manager sales for Volkswagen, unveiled the Polo Vivo Comfortline and the Caddy Kombi at a launch function. Delivering the keynote speech, Alexander Helfritz said the Company is looking to assemble more of their brands locally in the near future. “In 2016 we launched the first ever locally assembled German car in Kenya, the Volkswagen Polo Vivo. Today we are launching the new VW Polo Vivo Comfortline, an improvement from the first Polo Vivo and the Caddy Kombi van which are locally assembled and are designed…
DHL Express, DHL Global Forwarding and DHL Supply Chain, part of the Deutsche Post DHL Group (DPDHL Group), has launched a partnership with Teach For Uganda, a network partner of Teach For All, to eradicate education inequity, raise a nation of true leaders and promote educational opportunities and employability for young people in Uganda. This marks DPDHL Group’s 18th partnership with Teach For All under the new strategic framework, a focus to nurture employability and life skills of young people from difficult socio-economic backgrounds around the world, and its first partnership in Africa. James Kassaga Arinaitwe, founder and CEO of…
Kenya Exporter of the Year Awards (KEYA 2019), which is organised by the Kenya Export Promotion Council (EPC) to recognise firms that have made significant contribution to the development of the economy through exemplary business performance, has honoured local enterprises that have made significant contribution to the export sector. British American Tobacco (BAT) Kenya Limited won the solid rock commendation (lifetime achievement) award while spear of the nation award (outstanding sector commendation) went to Molo River Roses Limited. Other winners were Polucon Services Kenya Ltd and Smolart Self-Help Group (rising stars awards), Jungle Macs (EPZ) Limited (upcoming export performers – eagles…