Author: Muindi

Uchumi Supermarkets is adopting a weekly SME and farmers business model of leasing out space from Ksh. 2,500 to Ksh. 10,000 at its Langata outlet. The retailer says it is targeting farmers who sell fresh produce alongside small and medium enterprises (SMEs) to be able to generate income. “The weekly SME Market is designed specifically for the interest of small and medium enterprises, allowing both exhibitors and visitors alike to forge new business opportunities,” Uchumi’s CEO Mohamed Mohamed said on Saturday. Mohamed says it will serve as a  platform for networking and product showcasing, the event aims to give existing…

Sidian Bank sponsors 2021 6th annual KUSCCO’s leadership convention Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco) has signed half a million-sponsorship deal with Sidian Bank aimed at supporting co-operatives and accelerating post-pandemic recovery. This sponsorship will support Kuscco’s sixth Annual Sacco’s Leaders convention. Sidian Bank has fronted its institutional banking which has contributed to the growth of co-operatives by offering Term deposits, Individual accounts for the members and credit facilities to co-operatives and its members. “As the country is adversely affected by the Covid-19 pandemic, we as a bank have also ensured that we offer solutions to our…

French’s largest retailer Carrefour has opened its 10th Kenyan store at the Nextgen Mall along Mombasa Road in Nairobi. The new store occupies 1,800 square feet replacing Arabian retailer Souk Bazaar targeting customers in South B, South C, and Diamond Park estates. “It’s finally here! The new Carrefour is now open at the Nextgen Mall. Bring your friends and family for the same quality products and unbeatable prices,” said the retailer on its social media page Monday. https://twitter.com/CarrefourKe/status/1356113669176889344?s=20 Carrefour, whose local franchise is held by Dubai-based conglomerate Majid Al Futtaim plans to open two more branches at the Coastal region…

KCB Bank Kenya Limited MSME customers in need of cheap loans to help address their cash flow challenges have a sigh of relief after the lender announced a discounted loan facility for them.  “This facility will enable these MSMEs to restart and rebuild as the pandemic-related restrictions continue to be lifted and recovery persists,” said Annastacia Kimtai, Director Retail, KCB Bank Kenya. “These business enterprises are the lifeblood of our economy; we are going the extra mile to ensure they are adequately financed to weather these testing times and contribute to economic recovery and growth.” The beneficiaries will receive financing…

Inflation rate to remain within the government’s set range of 2.5% – 7.5%  Kenya’s consumer price index increased by 5.6% in January from 5.62 per cent in December, official data shows. Food inflation presently stands at 7.36% with the cost of commodities in the category rising by 1.3% from last month according to the Kenya National Bureau of Statistics (KNBS). In the month, the Food and Non-Alcoholic Drinks’ Index increased by  1.3% due to an increase in prices of cooking oil, white bread, and cabbages by  10.4%, 6.6%, and 3.4 %, respectively, among other food items. There was a surge…

New MAF Carrefour app offers customers a convenient, quick, and flexible way to shop, anytime, anywhere MyCLUB members can transfer to the new app while continuing to enjoy the benefits of the loyalty programme Carrefour, owned and operated by Majid Al Futtaim in Kenya has launched an online sales platform MAF Carrefour app which enables a seamless buying experience for customers. Frank Moreau Country Manager of Carrefour Kenya at Majid Al Futtaim Retail in a statement says the introduction of the app also responds to the growing demand in the country for a more sophisticated online shopping platform. “At Carrefour,…