The Kenya Healthcare Federation (KHF) and the French Healthcare Federation (FHF) are set to seal an agreement that will boost bilateral healthcare industry relations The two private sector players have pledged to step up efforts to promote linkages between the Kenyan and French healthcare organisations such as biopharmaceutical and medical devices manufacturers, hospitals/clinics, academia, research and innovation labs, infrastructure technology, insurance & medical assistance services and professionals to accelerate the delivery of affordable quality healthcare services locally. According to the United Nations COMTRADE database on international trade, in 2021, Kenya imported French pharmaceutical products valued at $29.11mn with better growth prospects…
Author: NBM CORRESPONDENT
SGA private security firm, has entered into a partnership with a social enterprise, Africa Collect Textiles (ACT), in a drive that seeks to turn old guards’ uniforms into school bags in a bid to promote a clean environment and contribute to a circular economy. Through the partnership, SGA Security, which employs over 19,000 personnel spread across Kenya, Tanzania and Uganda, will collect used uniforms from security guards after which ACT will take them through a recycling process to produce amongst other items, school bags. These bags will be donated to school going children from underprivileged backgrounds. Alex Musembi, Kenya founder…
Fintech lender, Tala, has launched a unique credit option dubbed “Jichagulie Due Date” giving customers the power to set their own loan due date. The new credit option gives Kenyans can now time their due date around their next pay day and other financial obligations, making repayment easier, and enjoy lower fees depending on the duration they choose. Tala offers “affordable” and one-time fees on every loan. Borrowers can pay in full or make partial payments; anytime on or before their due date. Customers who make timely payments earn more favorable terms over time, including doubling and tripling their loan…
Construction equipment distributor Panafrican Equipment Kenya has launched the Komatsu PC210-10M0 excavator and the GD555 motor grader with new technological advancements in abid to boost the construction industry in East Africa. Speaking during the launch and customer open day at the company’s Mombasa Road premises, the firm’s country manager for Kenya and Uganda Michael Ohawa said the two new models of earth-moving equipment will go a long way especially now that the construction industry is experiencing a dynamic era of rapid innovation. “As new technologies come on board, our partners are improving products to enhance machine efficiency, better uptime, longer…
Last year, the Presidential Task Force on the review of Power Purchasing Agreements recommended that Kenya Power — declared a ‘special Government Project’ — slash electricity costs by 33 percent effective December 2021, as part of efforts to attract foreign direct investments and promote industrial growth. Although the first 15 percent reduction in power cost was realised, there is silence over the second phase for a further 15 percent cut in electricity tariffs. It is because of false promises like this that many are looking to alternative energy sources, to get away from the unending cycle of high bills and…
Visa-free travel, tax advantages, access to better healthcare and educational opportunities for the family – these are just a few reasons why Citizenship and Residency by Investment (CBI & RBI) programs are gaining ground. We ask Hiran Chohan, Managing Director of specialist firm, Windsor Capital Management, why this investment pathway is proving so popular Q1) What is Citizenship by Investment (CBI) and Residency by Investment (RBI)? Citizenship and Residency by Investment are pathways for one to acquire the opportunity to move around globally visa-free and/or have the ability to live, work and study in another country. Specifically, Citizenship by Investment…
BY JAMES GATHERU We live in tough times, and it calls for a bit of planning to go about life. With fuel prices escalating every other day, it is wise to choose a car that is affordable, economical, and low maintenance. The Kenyan roads display a wide selection of cars, from the big machines to the tiny ones. It is no longer about the models, but economic strategy. To help you get a new set of economic wheels, we have compiled a list of five different cars that are affordable to run. Toyota Passo Toyota Passo is an affordable option…
As global organizations seek to recast themselves for speed, the retail sector has been under significant pressure By Stine Anderssen, Guilherme Riederer, and Ahmad Zaidi The retail sector has reached a fork in the road. The sector has been heading toward this fork for a decade, and its journey has only been accelerated by the COVID-19 pandemic. During the crisis, customers’ expectations and behaviors have changed the retail landscape: traditional competitive advantages are eroding, channel preferences are evolving, and technological sophistication has become a basic requirement. Many incumbent retailers are poorly prepared to deal with these disruptions, leading to a…
Kenya’s retail journey has undergone dramatic transformation over the past decade and half By Victor Adar The evidence is clear: if you’ve gone around Nairobi, you must have noticed how market players like Carrefour, Naivas, and QuickMart have aggressively taken up prime retail space, especially in malls initially occupied by troubled retailers such as Shoprite, Tuskys, Uchumi, and Nakumatt. Supermarkets appear to be on an expansion spree. Naivas supermarket recently opened stores in Kilifi, Kisumu, Nakuru, Eldoret, and Nairobi; Carrefour opened stores in Kwale, Nairobi, and Kisumu; QuickMart in Nairobi, Eldoret, and Kisii; Cleanshelf in Nakuru, and Chandarana Food Plus…
In September, DIB Bank Kenya which is celebrating its 4 years anniversary in the country, promised to increase investments in the Kenyan market by supporting the financing of business and individual customers, which is currently valued at Sh10.2bn. A wholly owned subsidiary of the Dubai Islamic Bank PJSC, DIB Bank Kenya began operations in Africa in June 2017 as a full-fledged commercial bank offering financial services to all Kenyans under the umbrella of “Sharia-compliant”, which is a market niche that is based on ethical and moral foundation that generally aims at improving societal structures, and has spread across a majority…