Author: David Indeje

Chevron Brands International LLC (Chevron)  has signed have signed a long-term license agreement with Manufacturing Limited (AML) of the Tristar Group for the production, distribution, and marketing of Caltex TM lubricants in East Africa. The deal strengthens Chevron’s presence in East Africa. According to the agreement, the existing relationship with Africa Fuels & Lubricants Ltd (AFAL), also of the Tristar Group, seeks to leverage the synergy of Caltex’s strong brand strength and AML’s extensive market reach to successfully carve out a share in the competitive East Africa lubricants market. “This new agreement also includes lubricants blending options for future expansion,”…

As the coronavirus pandemic wreaked havoc on economies and livelihoods, 31 million more people were pushed into “extreme poverty”, according to The Bill & Melinda Gates Foundation fifth annual Goalkeepers Report. The report provides a snapshot of progress against the United Nations sustainable development goals. However, despite the challenges of millions of more people confronting poverty and economic inequities, there is optimism on the ability of governments and individuals to persevere in the midst of the pandemic. “In so many ways, the pandemic has tested our optimism. But it hasn’t destroyed it,” Bill Gates and Melinda French Gates, co-chairs of…

For the first time ever, after fuel prices remaining unchanged for the fourth consecutive month, prices shoot up in the latest review by Kenya’s Energy and Petroleum Regulatory Authority. Effective October 14, 2021, a litre super petrol will retail at KSh7.58, KSh7.94 for a litre of diesel, and KSh12.97 for kerosene. Consequently, Super Petrol, Diesel, and Kerosene will retail at KSh134.72, KSh115.60, and KSh110.82 per litre respectively in Nairobi. The impact is felt as a result of the state not drawing from its fuel price stabilization fund established in June by the National Treasury. The Ksh 1.4 billion fund was…

Khetia Drapers Ltd., a fast-growing Kenyan company, says it is consolidating the management of Society Stores under one roof to unlock value and accrue synergy benefits for the business. This is one of the latest consolidation moves within Kenya’s retail sector.  The company said the two entities have existed under one family umbrella since inception and they felt “it is time to bring everything under one’ creating one large national chain which will have more than 20 outlets making a combined turnover among the top 5 in the Kenyan retail industry. “The above will also lead to economies of scale…

Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots, a World Bank report has found. The report calls for urgent action to reduce global emissions and bridge the development gap. The second part of the Groundswell report, published on Monday, examines how the impacts of slow-onset climate change, such as water scarcity, decreasing crop productivity, and rising sea levels, could lead to millions of what the report describes as climate migrants by 2050 under three different scenarios with varying degrees of climate action and development. The new Groundswell…

Bloggers Association of Kenya (BAKE) has announced that the creative community can nominate their choice of persons and blogs for the BAKE Awards 2021. The annual blogging competition, which is in its 9th year, was conceptualised with an aim of recognising and rewarding excellence, innovation and originality within the Kenyan blogging community.  “The BAKE Awards 2021 will begin today, September 14th 2021, where we will accept submissions in the various categories,” BAKE announced. The competition was postponed in 2020 due to the COVID-19 pandemic. The timeline this year is as follows: Submissions phase –14th September – 20th October 2021 Judging…