South Africa’s Shoprite (JSE:SHP) opened its doors in the Kenyan market for trading replacing Nakumatt at the Westgate Mall. The 50,000-square-feet flagship store at Westgate is fitted out to the latest specification of Shoprite’s premium ‘Checkers’ brand. Shoprite, which operates more than 2700 stores in 14 countries outside of South Africa, promises a diversified product range and consistent value for shoppers in the Kenyan market. The retailer has entered the country to strengthen its position in East Africa, with Kenya being the region’s strongest economy. Shoprite will open at Garden City in early 2019 and will follow up on other…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
PayTV entertainment company, MultiChoice, has announced a pop-up channel featuring films from East Africa dubbed East Africa Movie Fest available on DStv Channel 197 between 10 December and 03 February 2019 to DStv subscribers on Compact, Compact Plus and Premium. The channel will show films from the Maisha Magic Bongo, Maisha Magic East and Pearl Magic Uganda channels. Top Kenyan productions include ‘Stella’, a film about a spoilt teenager who has everything she wants until an unfortunate twist of events deters her ambition. Unable to cope, she moves to the village to live with her aunt where she must learn…
Nuru Mugambi has been appointed as chair of the board of directors at Eisenhower Fellowships-Kenya, a local non-profit organisation affiliated with the U.S.-based Eisenhower Fellowships Program. The Kenya Bankers Association Director of Public Affairs was elected to replace Lady Justice Mary Ang’awa who was selected for the 1998 Eisenhower Fellowships Multi-Nation Program. “I am thankful for this opportunity to lead a team of changemakers who share a passion to positively transform Kenya and Africa,” said Ms. Mugambi. “Based on the unparalleled resource base that is the Eisenhower Fellowships global network, we have a great opportunity to help inform local policy and…
Safaricom announced the extension of its KSh1 plan across all networks for its subscribers as Kenya celebrated its 55th Independence Day. The new tariff plans, offers 18 minutes of talk time to any network in Kenya at KSh18, valid for 24 hours from the time of purchase. To buy the bundle, subscribers will be required to dial *444*18#. “Being on Kenya’s strongest network just got THAT much better! Call across all networks for just Kshs1 this #JamhuriDay till the 23rd January 2019! Here’s to hour long convos with bae, friends, and family! #NaweKilaWakati,” announced the telco on its social feed.…
The Central Bank of Kenya (CBK) and the Kenya Deposit Insurance Corporation (KDIC) have accepted the binding offer received from KCB Group to acquire Imperial Bank Limited. This means depositors will be able to receive 12.7% of their balances. “The binding offer accepted, includes granting access to 12.7% of eligible depositor balances remaining at IBLR within 14 days of this announcement, subject to account and identity verifications,” said the joint statement. “Combining this with earlier disbursements will result in a total recovery of approximately 35% of original eligible deposits held at the date of receivership.” In the accepted offer KCB…
Bonfese Wanjala, a maize farmer from Siaya has been named as Wefarm’s latest Champion Farmer in Kenya, having increased his output 35-fold and led the way in raising the productivity of his fellow farmers on the Wefarm network. Wefarm, which provides more than a million East African smallholders with a digital platform for share farming knowhow, has launched the monthly Champion Farmer initiative to reward farmers who are individually driving forwards Kenya’s agricultural productivity through information sharing. Bonfese, who has won Sh10,000 of farm inputs as well as his Champion Farmer title, learnt first hand of the difference other farmers’…