Ken on 08th Jan

Mombasa City will soon unveil its first ever fully serviced five-star luxury marina. Through financing from KCB Group, English Point Marina has almost completed the Sh5 billion project, expected to reposition the Coast circuit as a prime tourist destination on Africa’s Eastern sea board. It includes 96 luxury apartments and 8 penthouses. It is...

Ken on 08th Jan

Nakumatt has joined the quail craze and started selling beautifully packed quail eggs. The quail fad has hit Kenyans for several months now, with many believing they have healing powers or immense nutritional gains. The live bird goes for upwards of Sh400, with a single egg going for up to Sh200. The size of the egg is barely a third the size of a chicken...

Ken on 18th Dec

Photo||Nation Tuskys recently consolidated its grip on the central business district by acquiring three outlets from its rival Ukwala. Over the weekend, if finally began rebranding the outlets by mounting huge signage bearing its green and yellow logo.The three Ukwala outlets are Ronald Ngala, Jogoo Road and Tom Mboya.Tuskys has been operating...

Ken on 18th Dec

The insurance sector regulator has estimated more than Sh10bn is to be paid as claim, as a result of the recent Westgate Mall terror attack. The amount-the largest in Kenya’s history, is equal to a third of the total industry payout for the previous year.The Insurance Regulatory Authority (IRA) said in a report released last week that the Westgate...

Ken on 17th Dec

Italian billionaire Flavio Briatore officially opened his Sh 500 million Lion in the Sun resort in Malindi on Sunday night.The former formula one boss jetted in the country over the weekend to open the resort as well as enjoy his Christmas holiday. He was accompanied by his son Falco Briatore and other family members. Top government official who...

Ken on 03rd Dec

Kentucky Fried Chicken has opened a new branch in Westlands, Nairobi; it’s fourth in the capital.The Westlands restaurant, opened on Sunday is located at Woodvale Groove.The Kenyan franchise of the popular American company is owned by Kuku Foods Kenya, which is in turn owned by South African entrepreneur Simon Schaffer.The other three branches...

Ken on 02nd Dec

In the ongoing Hazina Towers controversy, Nakumatt Supermarket has threatened to slap National Social Security Fund (NSSF) with a 4.7 billion bill if they terminate a 20 year lease.Nakumatt claims the 4.7 billion is calculated from lost businesses and related income from tenants who have sub-let space from it.“Sh4.7 billion is cumulative. There...

Ken on 02nd Dec

British American insurance (Britam) has appointed Francis Muthaura as the board chairman, replacing long-serving Nicholas Ashford-Hodges, who has resigned from the post.The former head of the civil service, who had in August this year been appointed a director in the same company, takes the leadership role with immediate effect.The new board chairman...

Ken on 25th Nov

Welcome to Alical Mothers Counseling Centre, situated at Forthall Learning Institute next to Juvenile remand home in Murang’a town.Target groups: Former std 8 candidates, form 1-4 and those who did their KCSE in the last 2 years. Areas of concern: psychological counselling, malpractice in religion and cult awareness, life skills and career counselling,...

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,...

Ken on 23rd Oct

1. What was your first job? I started being an entrepreneur when I was very young. My parents owned a hotel in Nanyuki and I needed to make pocket money. So, I started a disco night in the hotel. I must have been about 15. I would have a disco night twice a week and I would charge an entry fee. That was my first job and business. 2. Who has had...