Ken on 21st Nov

Emirates Airline has placed an order for 150 Boeing 777X long-haul jets, as well as a separate 50 Airbus A380 airliners, in a deal said to be worth over $100bn. With a previous order of 90 Airbus jets, the agreement will bring total orders for the world’s largest aircraft to 140, Emirates chief executive, Sheikh Ahmed bin Saeed al-Maktoum,...

Ken on 20th Nov

Miraa and Muguka chewers in Kenya could soon completely change their lifestyle. It will soon be possible for them to enter into a hotel and order a drink of their favourite stimulant.Due to the closure of some of its export markets, the miraa industry has taken a huge beating, and the wastage in the local markets during the raining season is not...

Ken on 20th Nov

The iconic Chester house in Nairobi’s CBD is set to be converted into a hotel. Monarch Group – its owners, will spend Sh 238 million to make the shift from an apartment building.The group, with interests in insurance, real estate and hospitality industries is also in the process of setting up six other accommodation facilities in...

Ken on 19th Nov

The insurer and reinsurer that covered Jomo Kenyatta International Airport prior to the big fire are finding it hard to come to terms with the total amount they have to part with as compensation.Kenya Reinsurance managing director Jadiah Mwarania says that compensation for the airport fire will wipe out all the profit expected this year by JKIA...

Ken on 19th Nov

Nairobi’s Mombasa road is attracting high profile investments due to the growing number of middle-class Kenyans building homes in the South East of Nairobi.Investment firm Britam is the latest to join the list of investors on the busy road. The firm is set to start construction of a shopping mall, having already acquired the land. The firm’s...

Ken on 18th Nov

Digital Pay Television company StarTimes has announced a drop in the cost of acquiring its approved DVB T2 decoders, in a move aimed at further growing the its market share. The Startimes Pay Television Digital Box will now be retailing at just Sh 2,999 down from Sh 3,499 where the same will be enabled with one month free viewing of the Unique...

Ken on 08th Nov

Rank Brand Brand Value ($bil) 1-Yr Value Change (%) Brand Revenue ($bil) Company Advertising ($mil) Industry 1 Apple 104.3 20 156.5 1,100 Technology 2 Microsoft 56.7 4 77.8 2,600 Technology 3 Coca-Cola 54.9 9 23.5 3,342 Beverages 4 IBM 50.7 5 104.5 1,339 Technology 5 Google 47.3 26 43.5 772 Technology 6 McDonald’s 39.4 5 88.3 788 Restaurants 7 ...

Ken on 06th Nov

There’s a new billboard in town. This time at the unlikeliest of places… on top of KICC.Hundreds of electronic screens have been used to create a ring around Kenya’s most iconic building, in what will surely bring in lots of revenue for it. Currently, Samsung has taken the spot, and it’s not clear whether the deal is long...

Ken on 06th Nov

Kenya’s largest milk processor, Brookside Dairies has concluded the acquisition of Bukezi Milk Company, Business Daily is reporting.Bukezi are the owners of the popular Molo Milk brand.Molo milk has been quite popular mostly because of it’s competitive pricing. This was also helped by its series of adverts, where they used some renowned...

Ken on 29th Oct

Meet Heshan De Silva, a 25 year old Kenyan who already carries the billionaire title with him… and this is Kenyan Shilling Billionaire. He owns the De Silva Group, a venture capital firm.Heshan went through a lot before discovering himself. He was born in a ‘not so rich’ family, but his parents gave him the best education they could,...