Daikin Industries, the world’s largest maker of air conditioning equipment, has entered the Kenya market, part of its expansion in Africa The company is expected to cement its roots in Kenya at the start of March 2020, giving Kenya a share of more than 100 production base units that the company prides off in its day-to-day activities that have seen in spread wings to about 208 subsidiaries around the world. “As the world’s manufacturer that develops a long line of products, from refrigeration products to air-conditioners, Daikin advocates comfortable living on the strength of advanced technologies. Daikin is committed to…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
If you are a bettor, you probably know why most punters place multiple bets instead of single bets. Multiple bets offer the opportunity to make more, and the new tax regulations have made single bets less desirable. The struggle is getting good games, analysing them, and hoping they all go as predicted. However, some bettors have found a way around this challenge. They are now using the bet builder, a betting option offered by some betting firms, that allows them to create a multi-bet within one game. One such betbuilder is Betika’s Shikisha Bet. Shikisha Bet allows a bettor to…
Equity Group Foundation (EGF) the social arm of Equity Group Holdings, announced Friday that it would be investing Ksh 3 billion in 2020 to send at least a hundred students to global universities. The wings to fly scholarship programme, is sponsored by MasterCard Foundation and the German government. “This year, the program will send at least 100 Kenyan children to foreign universities at a cost of at least Ksh 3 billion for this global, scholarships,” said Dr. James Mwangi, Equity Group Foundation Chairman during the official commissioning 1136 scholars joining secondary schools under the Wings to Fly scholarship programme. The…
Kenyan e-commerce platform Copia has raised $26 million (KSh2.6 billion) in a Series B funding round led by UK-based impact investing initiative LGT Lightstone. Copia said it will use the investment to expand across Kenya and other African markets. To date, the company has fulfilled more than three million orders. Operating its own technology-enabled logistics service, the company has overcome challenges such as poor road infrastructure and lack of addresses to fulfil more than 3 million orders, the vast majority within two days. Shakir Merali, Partner at LGT Lightstone said, “Copia’s m-commerce model is the next big African leapfrogging technology;…
IBM, the American Cancer Society (ACS), the National Comprehensive Cancer Network® (NCCN®) and the Clinton Health Access Initiative (CHAI) have formed an alliance to help improve access to high-quality cancer care, and treatment in Sub-Saharan Africa called Allied Against Cancer. The Alliance will support a network of African oncology experts and technical assistance partners to help improve the quality of cancer care, including collaborating closely with the African Cancer Coalition to establish priorities and execute these initiatives locally. There are more than 800,000 new cancer cases each year in Sub-Saharan Africa and incidence is projected to double by 2040. And…
More than 1,000 workers at Finlays Kenya will lose their jobs by December 25 after the flower company said it will close its Chemirei and Tarakwet farms. In a statement, General Manager Stephen Scott said the farm has been experiencing challenges from the external market leading to low returns. “It is no secret that in the last 18 months, the flower industry has been facing severe challenges… As a result, the directors have made the decision to close Chemirei and Tarakwet farms earlier than initially communicated. The final closure date will now be December 25,” the statement reads. All employees…