Listed Kenyan oil marketer KenolKobil (NSE:KENO) has acquired the operations of Delta Petroleum in Uganda and Rwanda by way of sale. The oil marketing company Wednesday said the deal would see it get an additional 33 petrol stations, increasing its retail outlets in the region to 433. “Delta Uganda is a leading oil marketing company in Uganda and has agreed to sell 23 retail outlets spread across Uganda. Delta Rwanda is also in the oil marketing business and has a network comprising of 10 retail outlets spread across Rwanda, which are the subject of the sale,” said KenolKobil in a…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Beginning January 8, 2019, Free accounts will be limited to 1,000 photos and videos. Photo sharing site, Flickr, plans to delete millions of user images in line with their new policy to limit all free accounts to no more 1,000 images beginning 5 February 2019. Andrew Stadlen, Vice President of Flickr says this is aimed at refocusing the service around photography enthusiasts, reducing reliance on advertising, and making Flickr more sustainable. “Free accounts will soon be limited to 1,000 photos or videos. Flickr isn’t Flickr without the contributions and participation of our free members, and we remain committed to a…
Little Cab, a ride-hailing app has launched operations in Zambia, Kamal Budhabhatti Craft Silicon chief executive announced on Monday. The taxi-hailing service Little powered by Safaricom, also is in plans to expand into Tanzania. Kamal, “We expanded to Uganda few months back and we are creating an impact there. Today I am glad to share that we have started operations in Zambia. Tanzania is next on our line. Taking Kenyan heartbeat miles across, country by country.” “Little is not just a Hailing App. It’s a companion app. I can say this without a doubt that Little is the most preferred Hailing…
Kenya’s private sector growth rebounded in October, driven by a sharp increase in new business, according to the latest Purchasing Managers’ Index (PMI) data released by CfC Stanbic Bank and market research firm, IHS Markit. The Markit Stanbic Bank Kenya Purchasing Managers’ Index(PMI) for manufacturing and services rose to 54.0 from 52.7 the previous month. “The onset of the short rain season, which so far seems quite positive for the agrarian sector, could help GDP growth recover in the fourth quarter of 2018,” said Jibran Qureishi, the economist for East Africa at Stanbic Bank. “In particular, export demand grew rapidly,…
The first Polish plane – Lot Polish Charter – made its maiden landing in Mombasa with 252 tourists on Saturday a boon to Kenya’s tourism sector. Kenya Tourism Federation chairman Mohamed Hersi said “Mombasa is honored to welcome Lot Polish Airlines Charter aircraft by Tui Poland. Flying a Dreamliner to Mombasa is a clear testimony that Destination Mombasa and Kenya Coast is back in business.” https://twitter.com/MagicalKenya/status/1058783323697397760 The charter will fly to Mombasa twice a week translating to about 500 visitors to the Kenyan coast every week. Read: Jambojet Increases Nairobi-Mombasa Flights to 7 Daily Qatar Airlines Unveils Four Weekly Flights…
Kenya is in China represented by President Uhuru Kenyatta where leads a delegation of traders to the China International Import Expo (CIIE), during which a deal on horticultural exports will be signed. On Sunday, President Kenyatta met with the President of China Xi Jinping in Shanghai, China. “Our talks focused on promoting economic and trade exchange and cooperation between our two countries ahead of the inaugural China International Import Expo (CIIE),” said Uhuru. “Access to the Chinese market will have a positive impact on the lives of common people and this will help counter any negative propaganda peddled by detractors of our…