From the inception of the Car and General assembly plant in Nakuru the Company planned to expand the output of the facility to meet the increasing demand for TVS motorcycles. Initially, the facility used to train the factory workers and production, started with 30 motorcycles each day. Following the installation of a moving assembly line output has grown steadily and currently stands at an average of 200 machines each day with the facility producing 4000 in a month. TVS factory personnel from India visit Kenya regularly to check the operation of the plant and guide further development. Workers are stationed…
Author: NBM CORRESPONDENT
City Hoppa has already deployed her six Mercedes-Benz MB-917 buses recently acquired from DT Dobie on city routes and are also available for hire within Kenya. The 41-seater buses were delivered to Imelda Karaya, the communications liason officer of Citi Hoppa by Srinivas Cheruvu, the finance director of DT Dobie and Mohamed Tajdin Chatur, the general manager sales for Heavy Commercial Vehicles. “We are very grateful to Citi Hoppa for choosing Mercedes buses after a thorough assessment of the performance and specifications. Active safety features of the bus chassis include braking systems with ABS, precision steering and good road holding…
Calling all startups, scale-ups, entrepreneurs and innovators! The first edition of Paint the Future – the AkzoNobel startup challenge is now open and ready to discover new and revolutionary solutions that will accelerate innovation in the world of paints and coatings. The challenge connects bright minds and promising solutions from across the globe with AkzoNobel’s expertise, global scale and resources. Innovators, challenge teams, institutions and industry experts will work together to enhance the submitted ideas, forming a truly collaborative ecosystem. Spearheaded by the company’s chief technology officer Klaas Kruithof, Paint the Future offers winners the opportunity to accelerate commercialization of…
The Government of Kenyan recently established the Public Investment Management (PIM) unit at the National Treasury that will oversee the selection, budgeting and management of development projects and public-private partnerships (PPPs). In addition, the unit will enhance its efforts to curb duplication of projects that for long have served as conduits of corruption. The move also considers the government efforts at increasing efficiency, effectiveness, transparency, and accountability in public spending. Over the years, the overlapping programs within the government have caused loss and mismanagement of revenues allocated for development projects. The unit will enable efficient identification and implementation of priority…
Sidian Bank, formerly known as K-Rep Bank has partnered up with ISBI Institute, a subsidiary of Strathmore Business School for the provision of business and financial literacy training for SMEs. The subsidiary will offer clients of Sidian Bank business management skills through its Advanced Entrepreneurship Programme (AEP) which is a practical and participant-centred, designed to help SMEs detect execution gaps and launch their businesses to success by maximizing their potential, at a subsidized cost. According to Chege Thumbi, Sidian bank chief executive officer (CEO), the Advanced Entrepreneurship Programme (AEP) will equip entrepreneurs with actionable insights to drive various business areas…
BBOXX, a UK-based next generation utility platform has received an investment of $31 million from Africa Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments for a minority stake in the platform’s operations in Rwanda, Kenya and the Democratic Republic of Congo through its AIIF3 fund. BBOXX is a utility platform that designs, manufactures, distributes and finances innovative plug and play solar systems in order to improve access to energy across the African continent and the developing world. According to Mansoor Hamayun, Chief Executive and Co-Founder of BBOXX, the company looks forward to working together to power economic…
BY NBM WRITER Africa Plantation Capital won the Best Agribusiness Company of the Year Award by Kenya National Chambers of Commerce and Industry (KNCCI) first in 2016 when it surprised all by edging out the usual giants in both real estate and service industry. With an amazing rate of growth, Africa Plantation Capital (APC) had succeeded to establish a strong footprint in Kenya in just over a year. It has ever since, it seems, established a stranglehold on the prize, winning it in the two subsequent years, 2017 and 2018. It has not come easy though; APC has not wavered…
By David Wanjala Safaricom, like Amazon, the multinational technology company focusing on e-commerce, has become an empire. If not yet, it is headed there. Some day in December last year Safaricom’s M-Pesa service crashed for a few hours and life almost stopped in Kenya. Cars got stranded at petrol stations, supermarkets tills got jammed and they could sell no more, online banking transactions ceased, bills in a cross section of services could not be paid. Imagine a scenario where Safaricom’s services across the board crashed and remained so for a week. What would become of you as an individual, leave…
BY EDWIN MUSONYE There is no dispute that the current business environment in the country is harsh. Policy makers have taken an ill-advised stance that businesses flourish on their own effort without cultivation and support. However, the reality is that there is a science behind increasing the success rates of businesses operating in a country or a region. Utilising the rules of the game ensures businesses that are starting and those already running get the highest chance of not merely surviving, but of thriving. Any progressive government appreciates the role prosperous enterprises play in helping the country achieve its socio-economic…
BY DAVID ONJILI Mzee Jomo Kenyatta, the founding father of the nation went to Jamhuri Park to watch Kenya Play Ghana in an independence celebratory match, thereafter dubbed the Jamhuri Day horror. Documented as his first and last match ever, Kenya trailed by four goals, courtesy of Ghana’s Acheampong, with only 35 minutes played and eventually lost 13 – 2. Agitated, the old man wondered why Kipchoge Keino, Kenya’s 1968 Olympian Gold Medalist and Olympic record holder in 1500m could not be allowed to come and outrun the Ghanian’s with the ball. Ever since, Kenya’s football has seen both better…
