Chicken Cottage Limited, a UK-based fast-food chain is now aiming to tap into Hass Petroleum Group’s market to increase footprints in Kenya. The chain plans to open 50 outlets at Hass Petroleum’s service stations in Kenya and the rest of East Africa beginning April it said in an emailed statement. The expansion is through a franchise deal with Express Kitchen, a subsidiary of AAH Limited, the majority shareholder of Hass Petroleum Group. Hass Petroleum Group operates 150 petrol stations in ten African countries. “We are delighted to be partnering with Express Kitchen Ltd and their experienced team to bring our…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Finnish development financier Finnfund plans to set up its first regional office in Kenya in May 2022. The 2-3 investment professionals will be deployed to the Nairobi office. “Africa is the place to be for European development financiers. It is a continent where jobs and investments are very much needed, and at the same time, it is the new frontier, where opportunities are abound, and life is getting better for millions of people. Some of our best and most impactful investments are in East Africa, and we intend to make many more such investments in the coming years,” says Jaakko…
The 10th Edition of the East African Classic Safari Rally 2022 kicked off Thursday with American rally driver Ken Block finishing first on the podium. A professional rally driver with the Hoonigan Racing Division was being navigated by Alex Gelsomino in a Porsche 911 and clocked a time of 02:35:52.7. Austrian driver Kris came in second. He is being navigated by Nicola Bleicher on a Porsche 911. Kenya’s Baldev Chager navigated by Ravi Soni on another Porsche 911 finished in the third position in a time of 02:38:52.0. The total distance covered by the 46 drivers flagged off was 496km,…
Tala, a digital lending firm, has announced a new credit option that empowers its borrowers gives to choose a loan repayment date that best matches their income cycle or salary pay date. Dubbed ‘Jichagulie Due Date’ borrowers can pay in full or make partial payments; anytime on or before their due date. However, customers who make timely payments earn more favourable terms over time, including doubling and tripling their loan limits within just a few months. “This new flexible credit option will give borrowers the power to choose the due date that works best for them, not Tala,” Ms Annstella…
The Central Bank of Kenya (CBK) on Tuesday confirmed the acquisition of 84.89 per cent shareholding of Century Microfinance Bank Limited (Century MFB) by Branch International Limited (Branch) effective January 1, 2022. This follows CBK’s approval on December 30, 2021, under Section 19 (4) of the Microfinance Act and approval by the Cabinet Secretary for the National Treasury and Planning on January 7, 2022, pursuant to Section 19(3)(b) of the Microfinance Act. “CBK welcomes this transaction that is a critical component of Century MFB’s transformation plan. It will strengthen Century MFB and support the stability of the microfinance banking sector,”…
The Kenya Ladies Open that tees off at Vipingo Ridge on Thursday received KSh 20 million and KSh 5 million sponsorship boost from Safaricom and KCB Group. The tournament, organised by U.COM Event, is part of the Ladies European Tour and will see participants rub shoulders for four days at the Baobab Course in Kilifi County – the only PGA accredited golf course in Africa. The first edition of the Magical Kenya Ladies Open took place in 2019. The tournament will be a 72-stroke play golf competition and over 100 players are set to take to the course over four…