Author: Nairobi Business Monthly Reporter

UK millennials have suffered a significant decline in living standard improvements compared with the previous generation, setting them apart from most other developed countries, according to research from the Resolution Foundation think-tank. In a report published last month, the think-tank looked at how incomes, employment and home ownership rates have changed from one generation to the next since the second world war in nine advanced economies, including the UK. They found that millennials in most of the countries studied have done scarcely better — and in many cases have fared worse — than the generation before. In the UK, millennials…

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Standard Bank Wealth and Investment has been acknowledged as having the Best Investment Banking Capabilities for Wealth Management in Africa in the prestigious 2018 Euromoney Private Banking and Wealth Management Survey. Wealth and Investment also took first place for Commercial Banking in South Africa and for Net-worth Specific Services in Nigeria in the survey. It, furthermore, came first for Investment Banking Capabilities and for Succession Planning Advice and Trusts in Nigeria and was also acknowledged as the Best Bank for Societal Impact Investing in South Africa. As an international business with offices located throughout South Africa, Kenya, Nigeria, Ghana, London, Jersey and Mauritius, Standard Bank Wealth and Investment develops long-term, goals-based…

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One of the world’s largest global logistics networks, Japan’s Nippon Express, which has its headquarters in Japan, has officially opened up a subsidiary office in Nairobi. This is the first office that the company has opened in the African continent. The office in Nairobi is expected to provide one-stop service from procurement logistics, optimizing logistics required in product manufacturing processes, to distribution logistics. It is also expected to provide solutions that link people and organizations beyond national and regional boundaries. Nippon has been involved in the export of flowers grown in Kenya. Before opening up the office in the country,…

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CABI scientists have joined an international team of experts who suggest that the large-scale management of a range of some invasive plants could hold the key to reducing the spread of deadly malaria. Dr Arne Witt and Dr Sean Murphy worked with scientists from the University of Illinois, The Ohio State University and the Fundación para el Estudio de Especies Invasivas (FuEDEI) in Argentina, to conduct a review of existing studies which looked at how mosquitoes are attracted to both land and water-based invasive plants such as water hyacinth, floating pennywort and prosopis and how best these invasive plants can be managed.…

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Kenafric Industries Limited, one of the largest makers of confectionery, food spices and beverages in Kenya, has introduced a range of biscuits in small packets branded Goodie Bakers aimed for low-income consumers.   These are milk flavour, which is sold in a pack of five biscuits and ginger, which has three in a sachet each costing five shillings. Mikul Shah, the Kenafric Industries CEO and executive director, said, “Starting a biscuits production line follows our success in manufacturing confectionery products such as Fresh Chewing Gums, Ting Ting bubble gums, lollipops, toffees and candies and Squeezy ready to drink juices.” The…

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Following the ban of plastic bags by the Ministry of Environment and Natural Resources non-woven bags became the popular replacement. Now there is a growing need for a much wider range of items made with this eco-friendly material. To meet this demand Vitafoam Products Limited, a leading manufacturer of innovative foam based products, has introduced wine bottle bags, suit covers, car seat and steering wheel covers, laundry bags and shoe bags. Sharad Barot, the chief operations officer of the company said, “Garages and hotels are among the organisations needing non-woven fabric replacements for the plastic products which they previously used.…

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The Aga Khan University Graduate School of Media and Communications (GSMC) has launched the Master of Arts in Digital Journalism Programme. The event, which was held last month at the GSMC campus in Nairobi, drew deliberations on East Africa’s Changing Media Landscape, focusing on the past, present and future of the media industry in East Africa (EA). The first of its kind, the programme, which began on January 29 2018, has 25 budding journalists, who will be immersed in the world of digital production, and will build expertise in multiplatform storytelling, specialist reporting and editorial leadership. The MA programme will…

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The popularity of apartments in the Kenyan real estate sector is bound to shine more as compared to houses and town houses. According to Hass Consult, this can be explained by the increase of younger families in Kenya who would prefer more affordable and smaller homes. Data Fintech’s January Global Real Estate Report shows an increase in the asking price of apartments in the Kenyan real estate market in January 2018 as compared to December 2018. The report shows a 3% increase in the volume of 3-bedroom apartments in the real estate market from Sh19.72 million to Sh20.35 Million. Houses…

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A better lifestyle, riding on the promise of wealth creation through new job opportunities, has led to the expansion of cities’ borders to create megacities (defined as a population of over 10 million people) around the world, according to GlobalData, a leading data and analytics company. The company’s City Economic Database reveals that close to 8.2% of the world’s population live in megacities, which contribute 14% to total Global GDP. Of the world’s 35 megacities in 2017, 21 were located in Asia and GlobalData estimates that close to 60% of megacities will be located in the continent by 2025 (including 11 in China and…

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The enactment of the Copyright Bill 2017 which proposes radical changes to the Copyright Act will see the country’s musicians, producers, actors, performers, film makers and creatives enjoy better revenues and accountability in as far as the collection of their royalties is concerned. The amendment Bill proposes that the Kenya Revenue Authority be tasked with the responsibility of collecting and remitting royalties for artistes as opposed to individualCollective Management Organizations (CMOs). “This can be viewed as an effort to bolster accountability and verifiability in the collection and remittance of royalties. Considering the national scope of collection of such royalties, it…

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