Kenya hosts inaugural East and Central Africa’s biggest automotive industry show

East and Central Africa’s biggest automotive industry show and conference kicked off in Nairobi today, with dealers and manufacturers showcasing some of the latest innovations in vehicle technology, as they eye a bigger slice of the growing regional market. The show dubbed ‘Auto Parts East Africa’ brings together over 100 exhibitors and runs September 12 – 14 at the Sarit Center, Westlands. More than 2000 visitors comprising customers and industry professionals are expected to attend the event. The event will highlight the latest technology trends in seven categories – autoparts,…

Taxpayers lose Ksh 100 million yearly to rogue connection – Ketraco.

The country is losing over Sh100 million every year to unscrupulous business people  who are conducting illegal  power connections to unsuspecting Kenyans. And the amount could be even much higher according to Ketraco Managing Director Fernandez Barasa who says if all cases are reported, the losses will be worse. “We have reported over 100 cases of rogue power connection and vandalism in the last six month,” Barasa said Barasa who spoke to Journalists in Nairobi said the ever skyrocketing cases of rogue connections and vandalism has prompted the management to…

27 million people in IGAD region faced acute food insecurity in 2018 according to a new report

An estimated 27 million people – or 24% of the total food insecure people in the world– lived in seven of the eight countries in the IGAD region, according to a new report released by the Intergovernmental Authority on Development (IGAD) and the Food Security Information Network (FSIN).  A regional first, the report draws special attention to the plight of millions of people experiencing acute levels of food and nutrition insecurity in Djibouti, Ethiopia, Kenya, Somalia, Sudan, South Sudan, and Uganda. According to the report, there were three main drivers…

Quickmart supermarket now in Westland

By Kelvin Majangah Fast rising retailer Quickmart Supermarkets has opened a new branch along Waiyaki way as it count on quality services and convenience to penetrate the country’s competitive retail sector. Quickmart’s latest strategic location is expected to serve customers in the wider Westland’s region region that includes Loresho, Kangemi, Lavington and Kinoo neighborhoods.where residents have been having limited shopping options. The new Wayaki way branch that has at least 100 attendants brings the retailer’s total outlets to 11, adding to the two in Nakuru, and one each in Kahawa…

Co-operative Bank Records Ksh 10.44 Billion Shillings in Half-Year Results

By Denis Muritu The Co-operative Bank of Kenya has registered a profit before tax of 10.44 billion shillings for the first half of 2019 in the financial results released by the lender on Thursday. The 10.44 billion shillings in pretax profits for H1 of 2019 is an increase from 9.98 billion shillings recorded at the same time in 2018. The pretax profits grew by 5 percent despite the prevailing challenges in Kenya’s economy including the persistence of the Interest Capping Rate. Profits after tax came in at 7.5 billion shillings,…

Ships ferrying second hand vehicles to hit port next week

By Tobby Otum Two ships with second hand vehicles are expected to dock at the port of Mombasa by end of  this month. According to Kenya Ports Authority [KPA] Corporate Affairs Development – E- Document Officer Soud Kajembe the vessels are expected to dock by next week. He said according to the dispatch on the authority’s daily shipping updates the MV Swift Ace and MV Orion will dock and discharge the vehicles. “One of the ships, MV Pilion, will be discharging bulk of wheat  and  MV African  Sanderling will discharge Imente Sand at the port of Mombasa at…

East African Private Sector to offer a common industrialization vision in the region

Peter Mathuki Executive Director of EABC By Dennis Muruitu  The EABC in partnership with trademark East Africa (TMEA) is organizing a regional private sector workshop on comprehensive review of the EAC-Common External Tariff (CET) scheduled on 22nd August 2019 in Nairobi Kenya. The regional workshop will offer a platform for the private sector players to review a common industrialization vision for the region and address any inconsistencies identified in the EAC CET that hinder intra-EAC trade. The 34th meeting of the EAC council of ministers held in 2016 directed the…

Daawo edges out recruitment agencies in domestic workers industry

For years there have been a public outcry by Kenyan domestic workers in Saudi Arabia owing to mistreatment. But this is now a thing of the past since the Kenyan and Saudi Arabia governments signed an agreement to streamline the sector. The agreement was signed in 2017 to end the mistreatment of domestic workers working in the Middle East country. Recruitment agencies in Kenya have had to comply with the new guidelines to ensure no Kenyan is suffers while working in Saudi Arabia. Daawo Holdings Limited a registered recruitment agencies…

Need an Apartment? Purple Haze Residences development has what it takes

Purple Haze Residences development is situated off Dennis Pritt Road on Kitale Lane and it offers luxury residential 2 and 3 bedroom apartments as well as 3 and 4 bedroom penthouses all designed in modern living architecture and fitted with world class appliances. The name came up due to the Jacaranda trees and flowers that were blossoming in the land the development occupies and it is the ideal choice for anyone looking for space, luxury, comfort, security and serenity. During an exclusive interview with the Director of Purple Haze Mavji Varsani, he noted…