Oliver Gayer has been appointed General Manager of the InterContinental Hotel in Nairobi. He replaces Dieter Franke who has been appointed as the Area General Manager at the Intercontinental Hotel Group (IHG) portfolio in Egypt. “I am very excited to be appointed as the General Manager of InterContinental Nairobi; a landmark business hotel that is soon celebrating its 50th anniversary, after having opened doors in 1969. The InterContinental Nairobi is committed to achieving even higher levels of customer and other stakeholders’ experience in our services and relationships,” Mr. Geyer said. He has extensive experience of over 23 years in the…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya’s inflation rate for the month of October marginally declined to 5.5% from 5.7% recorded in September attributed to a reduced food, non-alcoholic and transport index according to the statistics body. On Wednesday, the Kenya National Bureau of Statistics noted that the 1.8% decline in the food and non-alcoholic beverages index was mainly due to lower prices of maize and maize products compared to September. “The price of a 2kg packet of sifted maize flour dropped by 14.4% from an average of Ksh 97.88 in September to 83.83 in October. During the same period, prices of various vegetables were lower…the…
Ahead of the festive season, MultiChoice Kenya has unveiled unique content offering the best of local and international programming providing more choice for the whole family. “Great entertainment has always been a key focus for GOtv – and we are excited to continue building our fantastic entertainment options for our customers especially during this season,” Simon Kariithi, GOtv Kenya GM said. “The holiday season is an important time for our customers, and this makes it equally important for DStv to bring the family together,” said Eric Odipo, MultiChoice Kenya Managing Director. DStv subscribers can look forward to new and returning…
Kenya’s Diaspora remittances rose by KSh21.6 billion in August, pushing the annual diaspora remittance to a new high of KSh255 billion. Monthly average inflows rose to KSh 21.2 billion in the 12 months to August 2018 from KSh15 billion over a similar period in 2017, representing 41.3 percent growth according to the latest data from the Central Bank “In terms of the source market, remittances from North America remained dominant and accounted for 51.6 percent of total inflows in August 2018, while inflows from Europe and the rest of the world accounted for 33.2 percent and 15.2 percent, respectively.” In…
Kenya Airways (KQ) marked a milestone by becoming the first airline in East Africa to offer direct, non-stop flights from Jomo Kenyatta International Airport, Nairobi to John F. Kennedy International Airport, New York on Sunday. KQA002 began the 16-hour flight at 10:55 pm and is scheduled to arrive at JFK Airport at 6:40 am. “We are proud to be the first airline in East Africa to offer non-stop flights between Kenya and USA,” Sebastian Mikosz, KQ Group MD & CEO. https://twitter.com/KenyaAirways/status/1056426431281065984 “The non-stop flight between Nairobi and New York will open up opportunities for investment, tourism and other business opportunities…
Spanish fashion house Mango, a top international fashion retailer opened its mega-store at Westgate mall as part of its expansion in Africa. Said CJ Bak, Director of Spanish Fashion says the demand is high from Kenyan consumers for the latest global trends, at an affordable price. “Kenyan customers tell us they are starved of fashion choices at affordable prices. Existing options are either low-cost and basic or extremely expensive and out of reach for most Kenyans. Mango offers customers the latest trends at accessible prices, with new looks on the shelves every few weeks.” The Kenyan store is stocked with…