Author: Nairobi Business Monthly Reporter

Informal transactions through Facebook groups are threatening the success of e-commerce giants in Africa according to a recent straw poll on the impact of the Black Friday sale promotion on this fledgling industry. According to our Black Friday Straw Poll, which ran in December 2017 among 2,031 respondents in Nigeria, South Africa, and Kenya, Jumia still remains the most preferred e-commerce vendor. 56% of our poll respondents have shopped on Jumia before. Interestingly, a significant number of online shoppers utilize Facebook groups. At 32%, Facebook is the second leading online retailer in the leading e-commerce regions. Through informal entrepreneurs who…

Read More

When the renowned global institution, the International Monetary Fund (IMF), appointed Nancy Asiko Onyango to take up the role of director of the fund’s office of Internal Audit and Inspection, it was no-longer business as usual. Taking over from Clare Brady who left the fund last year, she will be in charge of the office, which conducts independent examinations of the body’s internal control and governance processes. According to the managing director of the IMF, Christine Lagarde, Ms Onyango brings to the fund more than 25 years of experience in the field of internal audit, strategic risk management, corporate governance,…

Read More

Local personal care products manufacturer PZ Cussons is diving deeper into Kenya’s emerging male grooming market with multi- sensory products that are designed to elevate its flagship Imperial Leather brand to pole position in the personal care category, estimated to be worth at least Sh5 billion in annual revenues. Following a realization that male consumers have increasingly become choosy and having understood the factors that inform their purchase decisions for personal care brands, PZ Cussons managing director Sekar Ramamoorthy said that the firm had established the importance of aesthetic design and the dominant role of fragrance in the new men’s…

Read More

BY DAVID ONJILI It was a once revered on the Continent, branding itself as The Pride of Africa, still does to date, yet, Kenya Airways (KQ) remains an embarrassing symbol of Kenyan incompetence and lack of innovation. Delays in passenger departures is common, with a number of them being neglected by a staff bereft of empathy and professionalism. The crew and engineers keep lamenting of poor pay and working conditions with pilots flying longer hours than the required International Air Transport Association (IATA) standard regulations. Ethiopian Airways on the other hand is meteorically rising on the Continent and in the…

Read More

Ringier Africa Digital Publishing (RADP) has further expanded its news and media portfolio by entering into a digital content license agreement with The New York Times News Service and Syndicate, the licensing and syndicate division of The New York Times. RADP will publish New York Times journalism under its new media brand Pulse in Ghana, Kenya and Nigeria. Pulse informs and entertains Africa’s mass and mobile population with a reach of 100 million people every month. The launch of New York Times journalism on Pulse will bring award-winning reporting and storytelling to Africa’s informed readership. The New York Times is…

Read More

BY VICTOR ADAR The age of doing only what is in line with your professional training is over. There is a typical feeling nowadays especially from those who have the flexibility that doing something different can go a long way. But while some rise as others fall, many are still not scared of jumping into the ring to vie for a piece of the pie. Grace Mikinya is one trained cabin attendant who took a dive to a completely different field. The youthful lady has found success in selling meat products. Talking about Lamag Meat Supplier, a company she co-owns…

Read More

Retailer Nakumatt Holdings welcomed a High Court ruling, granting administration orders in respect to the firm and issued last month. The order granted by High Court Judge Fredrick Ochieng follows a petition by four Nakumatt suppliers seeking administration rights as part of a business recovery plan for the retailer. The legal development now provides a much needed relief for suppliers among other partners to resume supplies with customers also set to enjoy a revamped Nakumatt. Speaking when he confirmed the retailer’s position on the matter, Nakumatt Holdings managing director, Atul Shah said the firm would comply with the High Court…

Read More

After making different reforms over the recent years, for example the introduction of the interest rate cap, Kenya’s financial market has finally been acknowdeleged for its works after it was ranked position 5 out of 17 other African countries by the Africa financial markets index. The index, which is done by Barclays Africa and the Official Monetary and Financial Institutions Forum, (OMFIF) ranked South Africa as the country with the best financial market as it had a score of 92%. It was followed respectively by Mauritius 66%, Botswana 65%, Namibia 62% and then Kenya, which had a total of 59%.…

Read More

Last year, Kenya’s tourism sector reported a growth despite the political storm that hit the country in the last months. Now moving forward into 2018, things seem to be getting even better for the sector after the world’s largest travel site, TripAdvisor, named Nairobi among the top three cities around the world in its TripAdvisor’s Annual Travellers’ Choice Destinations on the Rise 2018 edition list. Nairobi came in position three after Ishigaki, Japan and Kapaa, Hawaii, which took position one and two respectively. The rest of the top five include Halifax, Canada and Gdansk in Poland. This saw Nairobi ranked…

Read More

Azuri Technologies, a leading provider of PayGo solar products and services across sub-Saharan Africa, has announced the launch of its innovative Sh2 billion off-balance-sheet debt-financing program to provide working capital for the expansion of off-grid energy and service provision in East Africa. Announcing the deal at the Global Off-Grid Lighting Association (GOOGLA) conference in Hong Kong last month, Azuri’s CEO, Simon Bransfield-Garth said the program will be deployed in phases in the course of 2018. The first phase of Sh400million to be deployed in Kenya, has already been concluded and  will provide additional financing to enable Azuri supply its PayGo solar systems, including…

Read More