Tech start-up, CoAmana, recently organised Community Supported Agricultural Day (CSA Day) at Nairobi’s Karura Forest in a bid to bring together farmers and consumers who are interested in buying directly from farmers at affordable prices. The event featured farmers and produces from 16 farming clusters, including; Nakuru, Narok, Nyandarua, Nairobi, Kiambu, Muranga, Laikipia and Meru. According to the founder and CEO of the company, Hafsah Jumare, the event is part of a movement to encourage the conscious consumer by linking them to farmers in their local communities. Worldwide, CSAs are systems based on mutual trust to give farming communities more sustainability while reconnecting…
Author: NBM CORRESPONDENT
Orbit Products Africa Limited (Opal), which is the contract manufacturer in Kenya for Reckitt, Colgate-Palmolive and Unilever owned by brothers Sachen and Dirchen Chandaria, has raised more than Sh5bn by selling its own manufacturing plant and warehousing in Mlolongo, as buildings, to Mauritius-based Grit Real Estate Income Group (Grit). The IFC, arm of the World Bank, has provided half of the finance for the developer to purchase the Opal facility, at $28.6mn, while Grit has raised another $25mn through a corporate bond issue. Once the redevelopment is complete, the buildings will be leased back to Opal to continue its manufacturing. “At…
Home Afrika has appointed the current executive director and chief finance officer, Jayne Nyokabi as the acting managing director following the retirement of its managing director, Dan Awendo. Peter Mungai, the firm’s chairman said Ms. Nyokabi, a finance expert, has previously been embedded in the company’s transformation and restructuring committee and is in step with its future strategic direction. “Ms. Nyokabi will be charged with ensuring continuity in overseeing the implementation of sound corporate governance practices, revenue growth, generating liquidity and cost rationalisation,” said Mr. Mungai. As the Chief Finance Officer and Executive Director, Ms. Nyokabi was formerly charged with all aspects of finance, investor relations, legal, and businessoperations. “She…
100 young people between 18 to 30 years have received scholarships worth 5mn to advance skills in animation, software engineering and artificial intelligence through a partnership between Family Bank and Adanian Labs. Speaking during the commissioning of the beneficiaries of the ICT project Family Bank CEO Rebecca Mbithi noted that there is no industry that is alive to the digital revolution like the banking sector. “The COVID pandemic and innovations in the sector such as mobile money have been key accelerators in the uptake of digitization in Kenya. We believe that through these scholarships we can build capacity for our youth in key…
D uring COVID, 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. Over the past two years, one of the biggest revelations has been that many retailers are poorly prepared to deal with disruptions, with devastating impacts on the industry. In Kenya, we witnessed at least two major retail stores go under, and many today find themselves in the uncomfortable position of living though external change that they cannot internally match. Those that insist on sticking with traditional systems, talent management structures, and…
DREAMING OF VISA-FREE GLOBAL TRAVEL? HAVING A SECOND PLACE TO CALL HOME? PLUS ALL THE TAX ADVANTAGES THAT COME WITH BEING A CITIZENSHIP OF ANOTHER COUNTRY? CARIBBEAN CITIZENSHIP BY INVESTMENT (CBI) CAN MAKE THESE DREAMS A REALITY With a real estate investment of $200,000,or adonation of just $100,000, Caribbean Citizenship by Investment (CBI) not only offers individuals and their families the tax advantages that come with having a Caribbean passport, but also provides them with visa-free access to hundreds of countries around the world, PLUS the right to live, work and study in the Caribbean should they wish. It’s no wonder…
By Dr. Myrna Kalsi There exists a huge gap in proper infrastructure in the management of Gender-Based Violence (GBV), especially Sexual Gender-Based Violence (SGBV) — from reporting the cases to the process of follow-ups, documentation in medical notes, and the role of forensic medicine in ensuring access to justice. This lack of a chain of custody contributes to poor evidence mechanisms, resulting in the inability to track and monitor offences, commonly from repeat offenders. Data from World Health Organization (WHO) indicates that an estimated 1 in 3 (30%) women worldwide have been subjected to either physical, intimate partner violence, or…
Ride-hailing taxi, Maramoja has appointed Ethel Cofie, Marta Paiar, and Paul Ndichu as board members, as the firm continues to scale in Kenya and across Africa. According to Jason Eisen, founder and group chief executive of the transport company, the new members bring massive experience from the tech industry and will be valuable to the operations and the strategy of the business in the region. “Their expertise and knowledge accelerate Maramoja’s ability to fulfill its mission of bringing trusted mobility services to the entire African continent, treating all stakeholders fairly along the way, and creating opportunities for entrepreneurs around the…
Visa-free global travel, tax advantages and the chance to live, work and study in new and desirable locations – these are just some of the rewards that Citizenship by Investment (CBI) and Residency by Investment (RBI) can offer high-net-worth investors today. It’s no secret, for example, that the Caribbean islands, with their white sandy beaches, crystal clear waters and lush green landscapes are some of the most unrivalled luxury holiday destinations in the world. But with their British Commonwealth status and world-renowned CBI programs, these islands also hold the key to a whole host of other benefits for investors looking…
Kakuzi trains its sights on efficiency enhancement, value addition and product diversification to fuel growth Agri-business firm, Kakuzi has announced a 3% drop in its half-year pretax profit after posting Sh 276.7mn earnings down from Sh 285.9mn posted within the same period last year. This is attributed to slower market growth and price volatility in its key export markets due to the Covid 19 pandemic. The company’s chairman Nicholas Ng’ang’a hopes to ease losses from avocado production by applying diversification and value addition strategy as the orchards enter into what is known as an “off year”. “High supply levels of…
