Author: David Indeje

Westlands has been ranked as the best performing node recording an average Mixed-Use Developments with a rental yield of 8.5% with the retail, office and residential spaces recording rental yields of 9.8%, 8.2% and 7.0%, respectively, 2.0%, 0.9% and 0.8% points higher than the market averages of 7.8%, 7.3% and 6.2%, respectively. This is according to Cytonn Real Estate Nairobi Metropolitan Area Mixed-Use Developments (MUDs) Report-2020. The report analyses the performance of the MUDs within the Nairobi Metropolitan Area through tracking the changes in occupancies, rental yields and rental rates. It also outlines the outlook and investment opportunity for MUDs.…

Kenya Airways and Air France KLM Group have agreed to mutually terminate their Africa-Europe joint venture partnership from 1st September 2021. Mr Allan Kilavuka, Kenya Airways CEO,  said the development allows KQ to offer additional options and convenience to its customers connecting through our European gateways. “Kenya Airways will continue to serve the Europe market through its gateways of London, Paris, Amsterdam with Rome slated for resumption from 2021. These routes will be served by onward codeshares from the Air France KLM group and additionally with our ever-expanding network of European carriers including Alitalia, British Airways, Lufthansa, and Swiss International…

PULA, a leading Agricultural technology that develops and deploys crops and livestock insurance, says it won the InsurTech of the year award during the 6th annual African Insurance awards held in Lagos, Nigeria. This comes as a result of Pula’s experience in managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product. The company also bundles digital services, for instance SMS agronomy tips during planting season. Pula carries out Crop Cut Exercise on farms after harvest to determine compensation for farmers. As a result smallholder farmers have received total compensation of up to 20 million…

Kenya PET (PETCO), a company specialising in the recycling of polyethene terephthalate (PET) bottles and products, commissioned a solid waste treatment plant in Kajiado County capable of processing 10 tonnes of waste per day. The Ksh 50 million facility is the first of its kind built in the county. “We are very pleased to launch this important facility that will not only offer environmental sustainability to this county but also offer job opportunities to the youth through our enterprise initiative dubbed “Taka ni Mali”, said PETCO Chairman, David Olang’.  The facility which is a brainchild of a local organization Taka…

AFC Leopards suffered their first defeat of the FKF Premier League after losing 2-0 to Western Stima at Kasarani Stadium on Friday. The previous matches against Bidco United, Tusker FC and Sofapa, Ingwe emerged victorious. However, Friday’s defeat is a huge dent to their quest to win the title thanks to goals from Joseph Mukisa and Villa Oruchum.

BOC Kenya has published the Offeror’s Statement acknowledging the intention by Carbacid Investments Limited (CIL)  in collaboration with Aksaya Investments LLP to acquire up to 100% of its ordinary shares. This is in compliance with the Capital Markets Regulations governing takeovers and mergers for listed firms. In the statement, BOC Kenya indicates that the offerors are confident of Its business prospects and the acquisition is part of the firm’s long-term investment strategy. “The Offerors are aware that between the fiscal year 2015 and the fiscal year 2019, the Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of BOC has dropped…