Author: Khusoko

Technology company Andela has appointed Janet Maingi as its new Country Director for Kenya. She is tasked with driving the next phase of Andela Kenya’s growth as a business and as the best place to work for technologists. Seni Sulyman, Andela’s Vice President of Global Operations said, “Janet’s reputation for building and leading cross-functional teams, her values as a leader, and her aspirations for Kenya make her our ideal Country Director. We are truly excited to have her on our team.” “Andela is advancing human potential by powering today’s teams and investing in tomorrow’s leaders. Kenya represents our 2nd largest…

Coca-Cola has appointed Phillipine Mtikitiki, a South African, as the general manager for its East and Central Africa operations effective June 1. She takes over from Ahmed Rady who has been appointed as general manager, Egypt, effective June 1. In her new role, Phillipine will be responsible for developing and managing the business strategy across East & Central Africa. Bruno Pietracci, President of Coca-Cola’s Southern & East Africa Business Unit (SEABU) said, “I am very pleased to announce Phillipine’s new role. With Phillipine’s expertise and track record, I am confident that her leadership will take the business to new heights…

Glovo, a Spanish delivery firm has raised Ksh 17 billion to execute its growth strategy from its fourth round of fundraising. “We will use this opportunity to grow our team of tech experts to create a smarter and more efficient experience for customers, “said Priscilla Muhiu, Glovo’s Head of Marketing for Sub-Saharan Africa. “We also intend to expand our footprint across sub-Saharan Africa, with new operations in Tanzania, Ghana and Nigeria.” The fundraising was led by European Venture capital firm Lakestar, Drake, Idnvest Partners and VC firm Korelya Capital. Glovo launched its Kenya operations in January after carrying out a…

Kenya Airways has announced the resumption of flights to the coastal town of Malindi with four weekly flights starting 10th June 2019. The flight, to be operated by Jambojet using a Bombardier Q400 will increase the frequency of flights by four, in addition to the nine weekly flights to this destination. The airline’s re-entry to this route is a great boost to the town, well-known for its strong Italian connections when the airline launches the Rome-Geneva flights on 12th June 2019. This is expected to create seamless connections and boost between Italy and Malindi, two areas that already share historic…

Real estate company HassConsult has launched Ksh 5 billion mixed-use up-market development on Riverside Drive targeting bohemian ‘urbanites’. Dubbed the Riverside Square, the project is expected to be completed in 2 years time. “The project will be implemented in phases with the Upper East and Lower East quadrants of the residential development set to commence in Q2, 2019. The first phase is anticipated to take 20-24 months to complete.” HassConsult Research and Development Consulting head Sakinah Hassanali said, “As development managers, we have led the way in financial models and market positioning in Kenya for over two decades. During that…

Diaspora remittances increased by 11.4% to USD 221 million in March from USD 199 million in February according to Central Bank Data. Data by the Central Bank of Kenya (CBK) shows that the 12-month cumulative inflows increased to KSh274.84 billion in March this year from KSh217.7 billion in March last year, reflecting a 26% growth. “North America remained the main source region for the remittances, accounting for 53 percent of the total remittances in March,” said the CBK. Cytonn Investments attributes the increase to the increased uptake of financial products by the diaspora due to financial services firms, particularly banks,…