Ken on 22nd Apr

Below is a report prepared by American spy agency CIA, on the state of the economies of Kenya and Tanzania. Going by the trend, it is clear that Kenya’s position as East Africa’s largest economy, is threatened by our brothers in the south. Economy Tanzania Kenya Economy – overview Tanzania is one of the world’s poorest...

Ken on 16th Apr

Paul Kinuthia L’Oreal, the world’s leading cosmetic company has acquired the health and beauty division of Interconsumer Products, one of Kenya’s largest manufacturers of personal care and beauty products. The deal was closed on Friday April 12 and was announced only today by Wang’ombe Kariuki, the Director General of Kenya’s Competition...

Ken on 14th Apr

South Africa is the richest country, Nigeria has the richest man but they could not beat Kenya in having Africa’s richest president. Uhuru Kenyatta is now Africa’s richest president. Kenya’s fourth president was in 2011 named the 26th richest man in Africa by Forbes Magazine, with a net worth of $500 million. That was Forbes’...

Ken on 14th Apr

South Africa is the richest country, Nigeria has the richest man but they could not beat Kenya in having Africa’s richest president. Uhuru Kenyatta is now Africa’s richest president. Kenya’s fourth president was in 2011 named the 26th richest man in Africa by Forbes Magazine, with a net worth of $500 million. That was Forbes’...

Ken on 04th Apr

Korean electronics giant Samsung is set to open a television, laptop and printers’ assembly plant in Kenya by end of year positioning Nairobi as the nerve centre of its operations in East Africa. The plant is initially expected to employ 900 people directly and more than 1,000 in its supply and marketing chains...

Ken on 28th Mar

EQUITY Bank chief executive will take home close to Sh225 million as dividend from the institution. This means the chief executive was making an average return of Sh18.75 million from the bank every month last year.  The bank’s annual report released at the annual general meeting yesterday showed Mwangi has a 4.88 per cent direct and...

Ken on 28th Mar

Honda Motor Co. said Wednesday it will start producing motorcycles at a new plant in Kenya later this year amid expectations of growth in local demand. Honda has set up Honda Motorcycle Kenya Ltd. for sales and production of motorcycles in Nairobi, becoming the company’s third local subsidiary in Africa, following one each in South Africa and...

Ken on 27th Mar

Molo Milk is Kenya’s most preferred milk brand ahead of Brookside and New KCC products. A consumer study carried out in December 2012 shows that Molo Milk, manufactured by Buzeki Dairy, commands 18 per cent of the processed milk market followed by Brookside Dairy’s Tuzo and Ilara brands with 15 per cent each. Three Brookside Dairy brands...

Ken on 21st Feb

On Wednesday, The Business Insider published a report by Arthur Orkum, titled ‘2013 Misery Index’. It is a crude economic measure that sums a country’s unemployment and inflation rates to assess conditions on the ground. It included a total of 197 countries, and Kenya emerged as the 13th most miserable country in the world. This...

Ken on 14th Feb

Regional retailer Nakumatt, is making its grand return to the Thika Superhighway today. In 2008, the country was shocked when the then Nakumatt Thika Road was demolished to pave way for what is now the Thika Superhighway. This was after numerous eviction notices given to the company went unanswered. The supermarket chain however picked itself up,...