Quick Mart, a Kenyan homegrown supermarket has opted for a fresh food concept for its stores to grow its revenues. The retailer has adopted this model at its 11th store, Quickmart Waiyaki way. The store leaves more space to fresh produce and household and personal care products “We are laying focus on the fresh food concept since it has high gross profit margins compared with other dry groceries,” said Quickmart Marketing Manager, Betty Wamaitha.
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Egyptian bus-hailing service Swvl plans to inject $15 million (Ksh 1.5 billion) into its Kenyan operations to improving its current operations. Swvl founded by three young Egyptian entrepreneurs: Mostafa Kandil, the CEO, Mahmoud Nouh, the COO and Ahmed Sabbah, the CTO. Kandil made the announcement in Nairobi stating that they are excited to provide a solution that makes the lives of Kenyans easier. “Kenya is a market with a need for a stable solution for the perennial traffic snarl-ups and SWVL believes that we can be of great benefit to the local consumer and the transport sector as a whole,”…
Britam General Insurance (K) Ltd has launched an insurance policy aimed at protecting businesses from cyber risk. The product -Cyber Insurance – covers physical property damage, product liability, business interruption or supply chain disruption from cyber-attacks; as well as data losses caused by damage, theft, disruption or corruption of electronic data. Britam Holdings Plc Group Managing Director, Dr. Benson Wairegi said: “Cybercrime will continue to become more advanced not just in the financial sector, but also in many industries across the region. It, therefore, behooves all corporates to strengthen their core security hygiene, adopt modern platforms and comprehensive identity, security…
KCB Group has resolved not to delist National Bank of Kenya (NBK) from the Nairobi Securities Exchange, however, the stock will remain suspended from 2nd September 2019. In a public announcement by KCB on the proposed acquisition of 100 percent of the issued ordinary shares of NB, said that its decision to waive the delisting condition was due to the fact that the NBK Board did not present a resolution to shareholders to have it delisted during the 14 June 2019 Annual General Meeting. “Having considered the foregoing and noting that the conditions relating to delisting and acceptances are legally…
Global Travel reservations provider Travelport (NYSE: TVPT), has integrated Safaricom’s M-Pesa into its systems to simplify travel payments, book clients’ trips, hotel accommodation, hire transport and use M-Pesa to pay. The integration empowers more than 800 travel agencies. “We are pleased that the travel industry is set to benefit from increased efficiency and ease of doing business, reducing the time and effort it takes to make bookings and reservations,” said Michael Joseph, Chief Executive Officer, Safaricom. By fully automating booking and ticketing, M-Pesa eradicates the previous need for agents to manually reconcile customer reservations on the Travelport platform. “Our commerce…
Uganda Airlines took off to the skies after 18 years with its inaugural Flight UR206 from Entebbe to Nairobi on Tuesday. The flight ushers in a new era for the Uganda national carrier that aims to connect Dar-es-Salaam in Tanzania, Mogadishu in Somalia and Juba in South Sudan. President Yoweri Museveni in a Tweet said that “We have been spending over $450 million annually in foreign exchange, on travel by air. This Airline will change this and facilitate tourism as well.” Similarly, President Museveni who was represented at the official launch of the Uganda Airlines by Prime Minister Dr. Ruhakana Rugunda…