Author: Korir Issa

Stima DT Sacco has launched a new branch at the Electricity House in Nairobi as part of its decentralization policy to bring services closer to its members. The CEO of Stima DT Sacco, Dr Gamaliel Hasan, said that the establishment of the new branch reflects Sacco’s unwavering commitment to meeting the evolving needs of its members and the modern demands of the digital age, most especially in the capital city of Kenya. The CEO further emphasised that the Branch Expansion Strategy of Stima Sacco has always been centred around three key pillars: accessibility, convenience, and member satisfaction. The new branch…

Kenya’s largest retailer by branches, Naivas, plans to hit the 100 mark, a solid commitment to growth and market presence. The growth will be anchored on its food market model, Naivas Chief Commercial Officer, Willy Kimani, said during the launch of its 95th outlet in Karen. “As we celebrate the opening of the 95th branch, we are also officially kicking off the countdown to the 100th branch in what we are calling the RoadTo100. We are delighted that as a homegrown Kenyan brand, we have reached heights previously unprecedented in the retail industry and are about to make history,” said…

Celebrate the fathers who shine brightest in your lives with Guinness’ new gift pack. The package includes two bottles of Guinness and an engraved Guinness Goblet that says “Happy Father’s Day.”  You can find it at all Naivas and Quickmart outlets and online at Purpink. It is available for Ksh. 1,000. Guinness is the ultimate gift to say thanks to the one that shines brightest this Father’s Day. Father’s Day 2023 is observed on June 18th, the third Sunday of the month, which is today! It is a day dedicated to honouring fathers and crediting fatherhood for being such an important…

Equity Group Holdings Plc has announced its proposed acquisition of 91.93 per cent of the issued share capital of Compagnie Générale De Banque (Cogebanque) PLC Ltd.  The purpose of the acquisition is to eventually merge the operations of Cogebanque with EGH’s existing banking subsidiary in Rwanda, Equity Bank Rwanda Plc. “By acquiring Cogebanque, Equity Group will be able to expand its footprint and consolidate its position in Rwanda,” said James Mwangi, chief executive at Equity Group in a notice. Equity Bank said it intends to extend an offer to the remaining shareholders to acquire all their shares in Cogebanque, aiming…

Business activity in Kenya’s private sector slowed for a fourth straight month in May, a private business survey showed. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) came in at 49.4, up from 47.2 in April 2023, signalling the slowest deterioration of the business environment, mainly attributable to the elevated inflationary pressures. Readings above 50.0 signal an improvement in business conditions in the previous month, while readings below 50.0 show a deterioration. “Inflationary pressures meant weak demand; new orders declined, as did output in the manufacturing and wholesale and retail sectors,” said Mulalo Madula, Economist at Standard Bank. “Input…

Coca-Cola Beverages Africa (CCBA) in Kenya says it is taking significant steps to combat plastic pollution.  The company has adopted the initiative created by The Coca-Cola Company (TCCC) to build a World Without Waste by actively promoting a responsible culture of proper waste segregation, collection, and recycling across Kenya. The company noted that in Kenya, it has been a significant voluntary member of PETCO (now PAKPRO) since 2018, the first Producer Responsibility Organisation (PRO) in Kenya.  CCBA believes it is important for companies to take responsibility for post-consumer packaging that goes out in the market and urges all manufacturers and…