With the aim of becoming the primary platform for all car transactions in the Sh4.84 billion ($45 billion) African used car market and expanding through Africa, Cars45, Nigeria’s leading automotive trading platform, entered the Kenyan market in 2019. Two years on and the company has announced plans to increase its investment in the country. The firm plans to open two branches, on Kiambu Road and in Mombasa as they look to attract the growing middle class. According to Andrew Agbro, Cars45 regional manager, despite Covid-19 having a negative impact on the economy, Kenya’s automotive market is currently ripe for investment.…
Author: NBM CORRESPONDENT
Mr Gabriel Dinda is a man on the move. During a time of uncertainty over what to do as an occupation, writing revealed itself to him in unimaginable way.Writers Guild, which he helped found, is now one of the most visible and vibrant literary organizations in the country. In just less than a decade, Gabriel and his partners have achieved what some literary inclined people take decades to achieve. In this candid interview with NBM’s Jacob Oketch, Gabriel, in his own words, gives us the history of Writers Guild from inception to the present time. “The idea of coming up…
BY AISHA PANDOR It’s uncertain how long remote working will still be in force, but if a recent survey by Flexjobs, a US jobs listing site is anything to go by, it may be for some time. The survey showed that an astonishing 65% of pandemic remote workers want to keep on working from home, with 58% saying they would look for a new job if they had to return to the office. Working from home offers many comforts, such as your work commute being reduced to a few short steps and the “canteen” only as far away as your…
A move by motor vehicle distributor, Toyota Kenya to open its 9th outlet in Nanyuki strengthens its presence in the Mt Kenya region After an investment of over Sh 30mn, Toyota Kenya Nanyuki becomes the second branch in the region after Nyeri Toyota, with Mutindwa Toyota in Meru County operating as a dealer. The firm’s managing director, Arvinder Reel said the new outlet is set to offer more products and services. “We continue enhancing services in our expanding network for the convenience of the customer by continuously developing products and services to match the customers’ needs and wants, and at…
BY DR EDWIN WANJAWA The 2020 KCSE exam is out. Of the 747,161 candidates who sat the exam, 143,140 scored C+ and above and are guaranteed a place in our public and private universities. That only less than 2% of the candidates made the cut, should be an indictment of our education system. However, the education system stands accused in more ways than one. Graduate unemployment in Kenya is probably at its all-time high and has left Kenyan university graduates scrambling for whatever jobs they can get their hands on. Despite this year’s Covid-19 unemployment trends, university graduates settling for…
By Lydia Kanyoro When you think of a gated community, what comes to mind is probably fully-fledged “cities”. Or, well-planned luxurious homes which incorporate strict safety and security measures, privacy and amenities surrounded by high perimeter walls. You may find it odd but what else lies beyond those gates? Is it bordered on investment or it is the right fit for you and your family? Over the years, the demand for real estate in many developing countries such as Kenya has been increasing. However, sustaining an urban environment while balancing the demand and supply has become a major challenge. Rarely…
Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) will jointly offer financial training to both individuals and corporates in a bid to deepen financial literacy and investment knowledge in the pension industry. The institutions have set aside an initial investment of Sh3mn to offer specialized pension industry driven courses and trainings with a view of developing capabilities of actors in the industry. “We are greatly honoured to work with the School of Pension and Retirement Studies and synergize our expertise in a training partnership to help expand financial literacy, improve investor knowledge and promote…
Vivo smartphone has partnered with Kenya’s online retailer Jambo Shoppe as it aims to increase its footprint in the Kenyan market and provide a secure convenient way for consumers to shop online. This will increase accessibility and visibility of vivo mobile phones to potential customers as consumers now opt for online shopping over physical shopping. According to a Master Card study on consumer spending in February 2021, 79% of consumers in Kenya are shopping more online since the onset of the COVID-19 pandemic, an indication that the country’s smartphone market offers a favorable competitive landscape. “With consumers considering online purchasing options, this partnership…
Global ICT provider opens shop in Kenya, with a promise to help clients ‘seize new opportunities through selection and implementation of relevant technology’ BY Victor Adar Global ICT solutions firm, Echo International, has launched into the Kenyan market, seeking to tap into the country’s vast ICT space. Working through its local subsidiary, Echo Kenya, the firm will offer cloud-based ICT solutions with a focus on building partnerships with corporates, enterprises, and multinational enterprises. Through these partnerships, Echo will help its clients seize new opportunities through selection and implementation of the relevant technology to optimise their workforces and other resources in…
Accountancy profession is fast becoming unappealing to young people as per a report by the Association of Chartered Certified Accountants (ACCA) and the International Federation of Accountants (IFAC) published yesterday. The report gathered the views of 9,000 18 to 25-year olds globally, including 158 in Kenya and decodes the age old problem of aspirations and fears of this up-and-coming generation of young professionals, while also offering employment advice for them and employers alike. Steve Obuogo of ACCA says the findings present both challenges and opportunities for the accountancy profession and business both in Kenya and globally. That’s simply because Gen…