President Uhuru Kenyatta witnessed the signing of two project delivery agreements totaling to KSh 67.5 billion through concessional financing and Public-Private Partnership (PPP). The projects include the Konza Data Centre and Smart Cities Project to be undertaken by Chinese telecommunications giant Huawei at a cost of Sh17.5 billion and the construction of the Nairobi JKIA to James Gichuru expressway on a PPP arrangement by the China Road and Bridge Corporation for Sh50 billion. The JKIA to James Gichuru expressway is a privately initiated project by a private Chinese company and is off the Government’s balance sheet. It will be the…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Co-operative Bank has partnered with World Navi Company Limited a leading Japanese exporter of used units to Africa and Europe, launching a financing scheme to enable Kenyans to import second-hand cars. The partnership guarantees a 100% safe and reliable vehicle importation including three months warranty on the engine & transmission, accident-free and genuine mileage certificates and zero risks of stolen parts or non-performance. In line with the Bank’s efforts to build a strong offering for their customers and the public in general, this service will help customers to import quality second-hand vehicles at affordable prices through a secure platform from…
Atlas Development and Support Services (ADSS), a firm that provides logistical support to oil and gas exploration companies, has been delisted from the Nairobi Securities Exchange following the closure of its operations. “The deregistration of the company in its country of incorporation under the Gurnesey laws and failure by the company to adhere to regulatory requirements from the year 2017 when the security of the company was suspended from trading on the NSE.” In a public notice, NSE said the delisting was effective April 25, 2019. In 2015, (ADSS) closed its operations in Kenya and placed its subsidiaries – Ardan…
Rubis SCA has appointed Jean-Christian Bergeron as chief executive officer of KenolKobil Group Ltd. replacing David Ohana. Bergeron’s LinkedIn page is updated as the chief executive of Rubis Energie East Africa. He states that he is an “Accomplished senior-level executive with a 30-year track record of successful leadership and proven performance within the petroleum industry.” He is a former chairman of Total Kenya Ltd. where he served for over 26 years.
The Chinese market will absorb over 40% of Kenya’s avocado produce, making it one of the largest importers of the fruit. Kenyan farmers will now export their popular hass avocados to China following a trade deal signed when President Kenyatta met his Chinese counterpart Xi Jinping in Beijing Thursday. The signing of the agreement which makes Kenya the first African nation to export avocados to the Asian nation with a market of over 1.4 billion consumers comes after a long and comprehensive approval process that included Chinese experts visiting Kenyan farmers. It is estimated that when the agreement is fully…
Nominations for the 14th edition of the Groove Awards Kenya are now open. The Groove Awards seek to promote, expose and celebrate Gospel Artists both in Kenya and East Africa. The submissions for nominations were unveiled on Friday 12th April and will close on 30th April 2019. Categories that artists will be competing for include: Hip hop Song of the Year Reggae/Ragga Song of the Year Hypeman/MC of the Year Breakthrough DJ of the Year Breakthrough Artist of the Year Rift Valley Counties Song of the Year Song of the Year Teens Choice Song of the Year Artist of the…