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…
Author: NBM CORRESPONDENT
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…
Kenyans working online pocket an average of Sh2,001 per hour, and Sh20,774 every month, an indication that the lot are earning above the minimum wage. This is according to a study by the Kenya Private Sector Alliance (KEPSA) on digital and digitally enabled work in Kenya. Commissioned by the Ajira Digital Program, which is a project of the Ministry of ICT, Innovation and Youth, and conducted by Tifa Research in September 20, the study also revealed that the pay of online workers stands at Sh7,549 in a week compared to earnings per project which is Sh7,110. The program is transforming lives…
In the highly competitive oil and gas industry, gaining an accurate real-time view over the total performance of every aspect of the business can unlock significant competitive advantages and give organisations an edge over their peers – it is interesting that Vivo Energy has, sort of, drawn lessons from this fact. The company has evolved out of traditional ways of doing business by embarking on a total transformation of its business processes to become an intelligent enterprise through an ambitious technology deployment. “We are now faster in generating sales, order, stocking and pricing data, and can process purchase orders quicker,”…
National Police Service vehicle fleet has been bolstered with 40 Volkswagen Tiguan SUVs acquired through a leasing deal with RentCo Africa Limited. The vehicles were flagged off by Patrick Ndunda, director of planning and logistics at Inspector General’s office and Chris Ndala, the managing director of DTB Dobie. “To be able to uphold the rule of law for a safe and secure society, the police force need vehicles that are fuel efficient, reliable and with adequate safety measures. We are proud to add these locally assembled vehicles to our fleet as we are also helping build our economy,” said Mr…
