Author: David Indeje

Turkish fast moving consumer goods Hayat Kimya has invested Ksh 600 million to launch its Kenyan operations with its flagship products Molfix Diapers. The company targets that one in every three Kenyan babies will wear Molfix diapers within 2 years. Hayat Kimya Global CEO Avni Kigili said they target taking market leadership within two years. “Kenya is a developing country, carrying a lot of potential, with her growing, young population, with her strategic location for Central and East of Africa. Hayat would like to be part of this rapidly modernizing and developing country by offering brand quality and innovation with…

The National Treasury through the central bank will sell a 25-year amortized infrastructure bond this month to raise up to Ksh 50 billion over a 2-week sale period beginning 1st March. This is the longest issue since June 2018. The bond will be auctioned on March 20, will come with a coupon of 12.200%. It will be tax-free in line with the government’s policy of encouraging investors to bank infrastructure bonds. The funds raised are intended for partial funding of infrastructure projects in the transport, water and energy sectors. However, analysts are not optimistic about the offer.  “We do not…

Oppo’s periscope solution offers 10x optical zoom on a phone which includes three cameras covering a range of 16mm to 160mm, hence a 10x zoom. Mobile devices manufacturer, OPPO, has built an innovative smartphone camera technology with its 10x lossless zoom positioning itself as an important enabler of mobile imaging technology. Driven by consumer insights, OPPO has been investing heavily in innovation with a huge commitment to R&D. “We’re proud to deliver our first Innovation Event for media and partners today” OPPO Vice President, Anyi Jiang, comments “innovation is our top priority and we have made many recent developments to…

YouTube is disabling all comments on videos featuring young children in an attempt to protect minors from an organised ring of pedophiles. “These efforts are focused on videos featuring young minors and we will continue to identify videos at risk over the next few months. Over the next few months, we will be broadening this action to suspend comments on videos featuring young minors and videos featuring older minors that could be at risk of attracting predatory behavior,” YouTube wrote in a blog post. Only a select few channels with children will be allowed to include comment sections, but, “These…

Massmart Holdings Ltd , one of South Africa retailers eyes Kenya in its expansion plans dubbed ‘Grow Africa” between 2019 and 2021. The retailer made the announcement on Thursday after reporting reported a 31.7% fall in full-year earnings for the period ending 30 December 2018. Massmart currently has 47 stores in 12 African countries. In Kenya, the retailer trades as The Game Stores says it will open four more stores by 2021, with its building materials and appliances chain-Builders Warehouse, set to open its doors in Nairobi this October. Massmart opened its flagship Game store in Nairobi in 2016. “Zambia and…

The Kenya National Assembly on Thursday has passed the Insurance (Amendment) Bill 2018 introducing penalties for insurance fraud. The Bill if assented into law, will ensure that insurance companies comply with the standards of the International Association of Insurance Supervisors (IAIS) on addressing insurance fraud. https://twitter.com/NAssemblyKE/status/1101092749594513408 The Bill was submitted to the National Assembly by Treasury’s Cabinet Secretary Henry Rotich in proposals made in the 2017/18 fiscal year budget. “The bill seeks to amend the Act by introducing a legal provision creating offences on insurance fraud, including penalties intended to address the problem of insurance fraud that continues to be…