Mövenpick Hotel & Residences Nairobi has appointed Mehdi Morad as General Manager and Country General Manager for Kenya. His focus will be on strengthening the positioning of the hotel and driving operational performance and productivity. Additionally, as the Country Manager, Kenya for Accor, Mehdi will oversee the country operations for five properties including the Fairmont hotels, Mövenpick and ibis Styles brands as well as the opening of Pullman Nairobi later in the year. Commenting on his new role, Mehdi Morad said: “It is a great honor to be part of Mövenpick Hotel & Residences Nairobi, a role I will enjoy…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Vehicle and Equipment Leasing Limited (VAELL), an independent asset leasing, maintenance and consulting company, on Friday, became the 6th firm to join the Nairobi Securities Exchange Ibuka Incubation and acceleration program. “We are pleased to have been admitted into the NSE incubation program as we gear up for the next phase of growth. VAELL hosting on Ibuka will increase our visibility in Kenya and the region as well as broaden VAELL’s access to capital options,” Bertha Mvati, VAELL Kenya MD. In 2018, VAELL’s Chairman Joseph Kizza said the firm had hired a consultant to guide the initial public offering (IPO)…
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.
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…