Ken on 16th May

One of the most recognized businessman in Africa, Chris Kirubi, was recently interviewed by Drum Magazine on his views on women empowerment.  This is how it went. DRUM: You work with a number of talented women. One could say you believe in women’s empowerment. How has the experience been for you as an employer and what would you say have been...

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 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,...

Ken on 11th Feb

These college dropouts are great examples of flunkers who can achieve success against the odds. They prove that if you work hard then you can be successful no matter what. Even if you are from a not so rich family, even if you decide to leave college, if you have enough drive and focus you can make your dreams come true. Bill Gates $56 Billion ...

Ken on 24th Jan

The Konza Technopolis has attracted major local service industry players, boosting its chances of success as foreign firms also line up for space in the project dubbed “the African Silicon Savannah”. Fourteen large firms have expressed interest in the first stage of the Konza Technology City project set to...

Ken on 23rd Jan

SAN FRANCISCO (AFP) – Google said the YouTube page showcasing the “Gangnam Style” video by South Korean rapper Psy has reaped more than $8 million in ad revenue.Google Chief Business Officer Nikesh Arora revealed the figure Tuesday while discussing the money-making potential of YouTube during a quarterly earnings call with financial...

Ken on 10th Jan

President Kibaki on Wednesday opened the Sh 2 billion, 148 room Boma Hotel, owned by the Kenya Red Cross Society. The Mombasa Road based hotel will help improve Kenya Red Cross revenue source, and looking at what they are charging, it will contribute a great deal. The cheapest room is going for Sh 30,000 a night, with the presidential suite going for...

Ken on 10th Jan

Singer Wahu recently opened a salon at the ground floor of Krishna Centre in Westlands, Nairobi. Afro Siri is it’s name, and it has been one busy place. In late December last year, she was contracted by Safaricom to provide hair and beauty services to all singers at the Niko na Safaricom Concert held at the Impala Grounds. Here are pics of the...

Ken on 16th Dec

It’s a good time to be an investor in the Nairobi Stock Exchange (NSE). Over the past few months, East Africa’s dominant bourse has enjoyed a decent run. The 20-share index closed the week at 4.056 index and is showing considerable momentum even as Kenyans warm up for the upcoming Elections. Kenyan equities have hit record levels and stayed...

Ken on 26th Nov

Kenya richest man according to Forbes, Naushad Merali, has appointed his son Sameer Merali to the board of tyre manufacturing firm Sameer Africa, in what has been interpreted as a possible succession at the family controlled company. The younger Merali, from whom the company gets its name, has been appointed to replace the late Tom Owuor who passed...

Ken on 22nd Nov

Sunday Live presenter, Julie Gichuru largely influences the fashion direction Kenyan ladies take, especially the middle class. Every Sunday, thousands watch Citizen news, not because of the news, but just to see what Julie is wearing. She gets tens of compliments and dressing suggestions on her social media accounts after every Sunday Live appearance.  Together...

Ken on 21st Nov

Uhuru Kenyatta has not been included in this year’s Forbes 40 Richest Africans list. The deputy prime minister was last year listed at number 26 on the list, with a net worth of $ 500 million, with land given as the main source of the wealth. This was the description Forbes gave then. Kenya’s Deputy Prime Minister Uhuru Kenyatta is...

Ken on 21st Nov

SK Macharia has been named by Forbes magazine one of the African millionaires to watch in 2013. The media mogul has been listed alongside 9 other African millionaires who may move markets in the coming year.  Last year, Forbes listed 10 Africans to watch, 3 of whom ended up in this year’s list of 40 richest Africans. Among them is Kenyan industrialist...