David Ohana has resigned as the Managing Director of Kenyan oil marketing company KenolKobil Group. Ohana’s contract was to expire at the end of 2019. His resignation follows an ongoing insider trading probe by the Capital Markets Authority (CMA) and the takeover by French firm Rubis SCA. Ohana was appointed to the KenolKobil Ltd.’s Board on July 3rd, 2013 as an Executive Director in the position of Group Managing Director. He previously held the position of General Manager at KenolKobil Limited in charge of the company’s operations in Kenya.
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Jumia Technologies, on Friday, listed on the New York Stock Exchange (NYSE), becoming the first e-commerce company from Africa to list on the world’s largest stock exchange. Jumia ((NYSE: JMIA) started its first day of trading with an opening price of $14.50. The stock ended the day trading at $25.46 per share. It has a market cap of about $3.9 billion. John Tuttle, Chief Operating Officer, NYSE said he was “Delighted to welcome JumiaGroup to NYSE! Jumia is providing an opportunity to hundreds of millions of people across an emerging and dynamic marketplace! https://twitter.com/NYSE/status/1116679791061741568 Founded in 2012, Jumia operates in…
Cottar’s Safari Service, an award-winning luxury safari camp located in Kenya’s Maasai Mara, hosted its centennial anniversary celebration on Thursday honoring the legacy of the African safari. Cottar’s Safari Services was one of the first to launch safaris in Africa, the first to import American safari vehicles to Kenya, and the first to launch photographic safaris in the 1960s in Kenya. Leading the celebration of the camp’s first 100 years at an event attended by more than 200 dignitaries in Nairobi, Najib Balala, Cabinet Secretary for Tourism, cited Cottar’s as a leader in the development of the kind of exceptional…
Copia Kenya, a Nairobi-based consumer goods catalogue and delivery service, has launched its e-commerce website that provides consumers greater choice, affordability, and convenience when shopping for everyday items. The logistics firm also unveiled a Ksh 2 billion international standard, grade-A logistics and distribution hub at Tatu City Industrial Park. The 4,000 sq m modern facility helps streamline the fulfillment of customer orders and will help facilitate Copia’s expansion into Western Kenya and other parts of the country. “Copia’s rapid growth in just five years shows the demand that exists among Kenyans in both rural and urban areas for digitally-powered solutions…
The Coca-Cola System in Kenya is now rewarding loyal consumers with a three day trip to the ‘Supa Dupa Fly’ music festival in Santorini, Greece. Over 6.8 million consumers stand a chance to win mobile phones, home theatres and exclusive Coke Studio merchandise over the 12-week consumer promotion period dubbed ‘Dunda Majuu na Coke Studio’. Supa Dupa Fly is a one of a kind annual summer music festival at the Greek Island. Due to its beautiful location and wonderful music from international Deejays. Coca-Cola Head of Portfolio and East Markets, Nelly Wainaina, said for them is to consistently reach out…
The Kenya Plant Health Inspectorate Service (KEPHIS), a government parastatal whose responsibility is to assure the quality of agricultural inputs, has failed to secure title deeds for 11 parcels of land. Esther Kimani, the KEPHIS MD on Wednesday told Parliament’s Public Investments Committee that “We don’t have have any document on the land that we own. We also don’t have any letter of allotment. But we are processing titles, but the recovery of the encroached land has been a challenge.” According to the National Land Commission, 48 private developers and grabbers have been allocated leases. In 2012, the Kenya Plant…