Hunter’s Choice, a beloved Kenyan whisky brand, is raising the bar with a stylish new bottle redesign and a three-month “Explore Boldly” campaign celebrating young achievers. This exciting initiative, running for three months across Nairobi, Kisumu, Eldoret, and Nakuru, targets young Kenyan men (aged 20-35) who are driven by purpose and ambition. The “Explore Boldly” campaign underscores Hunter’s Choice’s commitment to its core audience and their aspirations. It positions the brand as a companion on their journey to success, celebrating individual achievements along the way. Dr. Senorine Wasike, Kenya Wine Agencies Limited’s Head of Marketing, says the campaign aligns with…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
The High Court of Kenya has rejected Carrefour Kenya’s appeal against a ruling that found the retailer abused its buyer power in its dealings with a supplier. This upholds a 2020 decision by the Competition Authority of Kenya (CAK). The case originated in 2019 when Orchards Limited, a yoghurt producer, filed a complaint with CAK. Orchards accused Carrefour of unfair practices, including: Unilateral contract termination during negotiations (January 2019) Demanding excessive fees: listing fees, rebates beyond agreed margins Rejecting full deliveries or returning near-expiry items without justification Demanding free merchandise for sale Forcing Orchards to staff Carrefour shelves The high court agreed with CAK and the Competition Tribunal,…
NCBA Group PLC delivered a positive first quarter of 2024, posting a profit after tax of KES 5.3 billion. This represents a 4.7% increase compared to KES 5.1 billion in Q1 2023. The group’s profit after tax increased 4.7% year-on-year, driven by strong operating income (KES 16.0 billion, up 2.8%) and a significant decline in loan impairment charges (down 30.9%). Customer deposits grew 9.7% year-on-year to KES 548 billion, indicating strong customer confidence in NCBA. Total assets increased by 10.5% year-on-year to KES 695 billion, demonstrating a healthy balance sheet. Digital loan disbursements rose 3.9% year-on-year to KES 232 billion, highlighting the success of NCBA’s…
Kenya’s economy rebounded in 2023, with a Gross domestic product (GDP) growth rate of 5.6%, exceeding the revised figure of 4.9%. The 2024 Economic Survey Report by the Kenyan National Bureau of Statistics (KNBS), attributes this growth primarily to a 19% expansion in the Agriculture, Forestry, and Fishing sector. “Last year it shot to 7% (growth),” Macdonald Obudho, the director general of the statistics office said during the launch of the economic growth report for the period. During the period, tea production surged, with output increasing in value from Ksh 156.7 billion in 2022 to Ksh 176.3 billion in 2023. …
A Kenyan company, Adrian Kenya Limited (AKL), has filed a complaint with the Central Bank of Kenya (CBK) against Citibank Kenya. AKL alleges that Citibank breached its contractual agreement and engaged in unethical banking practices. What is the deal? In 2018, Citibank offered AKL a $10 million credit facility to support its business growth. In exchange, AKL opened operational accounts at Citibank and secured the loan with various assets. The agreement stipulated that AKL’s business payments would flow through Citibank, with the bank deducting loan repayments and allowing AKL access to the remaining balance. AKL’s Allegations In 2021, AKL claims…
Kenyan Buy-Now, Pay-Later (BNPL) company, Watu, has its sights set on the future with a bold commitment to electric mobility. Responding to the Parliament’s Departmental Committee on Finance and National Planning, Watu outlined its plans to actively promote sustainable transportation. The Parliamentary Committee was tasked with investigating BNPL services in Kenya. Their investigation focused on consumer protection, regulation, financial risks and regulatory gaps. Registered in 2015, Watu Africa, known for financing motorbikes and smartphones for underserved communities, aims to become a key player in Kenya’s electric motorbike revolution. “In a span of over nine years, our resilience in delivering our…