WESTLANDS AND KAREN RATED BEST PERFORMING RETAIL NODES IN NAIROBI

The tough operating environment in Kenya has led to a subdued real estate performance across the various real estate themes. This is according to the latest Cytonn Retail Sector Report-2020. The report analyses the performance of the retail sector in Kenya through tracking the changes in occupancies, rental yields and rental rates. It also outlines the retail space demand, opportunity and outlook of the sector. According to the report: In the retail sector, performance declined recording average rental yields of 6.7%, 0.3% points lower than the 7.0% recorded in 2019.…

StarTimes announces new move to to maintain its customers

Pay Television Company StarTimes Media has unveiled a strategic subscriber retention policy that will enable subscribers on both terrestrial and satellite platforms to watch local and international content reserved for higher bouquets at the cost of lower bouquets upon renewal of their monthly bouquet of choice Following the new policy, subscribers recharging their bouquet of choice for two months will enjoy access to the next higher bouquet for a similar period where terrestrial platform’s Nyota bouquet subscribers will access Basic bouquet content, basic subscribers access Classic bouquet content for a…

KENAFRIC INDUSTRIES REVAMPS FRESH CHEWING GUM

Confectionery Firm, Kenafric Industries Limited (KIL) has rebranded its flagship gum brand; Fresh Chewing Gum. According to KIL the revamped chewing gum has improved gum base to deliver an enhanced chewing experience with extra lasting freshness and flavor, while maintain its current Retail Price of Kes. 5 for four pellets. Over 65% of Kenyans chew gum and as players in this consumer category, Fresh dominates in the fresh breath segment in the said category, Fresh Chewing Gum is the only Chiclet Chewing Gum with five ranges of flavor namely, Menthol,…

PROPERTY, PENSION INDUSTRY PLAYERS LAUD NEW MORTGAGE REGULATIONS

Property and pension industry players have welcomed the new mortgage regulations during a 3-day conference that combined insights from both regional and global experts on the implementation of the new regulation. The Mortgage Regulation 2020 stipulates that the funds accessed upon retirement can only be used on a dwelling house for residential purposes with members accessing up to 40% of the accrued benefits, capped at KES 7 million. “This conference aims to put our heads together and come up with administrative actions to assist the trustees in the implementation of this…

OPPO to unveil three innovative concept products at the INNO DAY

Global technology firm, OPPO is set to hold its annual OPPO INNO DAY on November 17, 2020 in Shenzhen, China under the theme “Leap into the Future”, in an event the firm will showcase its latest thinking and breakthroughs at the era of Internet of Experience. Tony Chen, OPPO Founder and CEO, as well as Levin Liu, OPPO Vice President and Head of OPPO Research Institute will deliver keynote speeches to share updates about the company’s technology vision and business philosophy for the new era and unveil three concept products.…

Hennessy embarks on supporting creatives, empowers e-tailers as businesses go fully digital

Hennessy embarks on supporting creatives, empowers e-tailers as businesses go fully digital Hennessy through its Never Stop Never Settle campaign initially launched before the coronavirus pandemic is supporting creatives to promote the spirit of pushing limits to achieve greater success. The initiative launched across the African continent to empower African youth actively engaged in their different lines of craft has drawn respected individuals inspired by the beverage’s spirit of standing the test time, to also inspire others to go beyond the ordinary. In Kenya, the brand has been partnering with…

Saving African Airlines: Association sets path for post Covid Recovery

The African Airlines Association (AFRAA) is now calling for a multi-sectorial and pragmatic approach by governments and stakeholders to support the recovery of air transport industry and interrelated sectors such as tourism. This was said during the conclusion of its 52nd Annual General Assembly with a rallying call for airlines to take specific measures to build resilience and emerge stronger after the crisis. The AGA, which was hosted by TAAG Angola Airlines, was held in virtual format under the theme: “Redefining Air Transport for a New Era”.  The Assembly brought…

Nyayo estate tenants reject Sonko’s BBI branded trucks

Drama ensued in Nairobi’s Nyayo estate after residents raged against Nairobi Governor Mike Sonko’s water trucks that had come to their rescue following a two-day water shortage. Despite the outcries from the residents to the govenor,they shockingly rejected the help, demanding that the trucks go back and return only less BBI colors. ” We asked for water and not BBI vehicles so go back and bring water,” Ruth Ambetsa, a tenant at the estate. The residents further complained that their efforts to reach out to Nairobi Water and Sewerage Company…

CREDIT BANK RECEIVES BEST SME BANK AND BEST MOBILE BANKING AWARDS

Credit Bank Plc, Kenya’s leading SME bank, has received the ‘Best SME Bank in Kenya’ and ‘Best Mobile Banking in Kenya’ awards from International Business Magazine. The International Business Magazine Awards recognize the best in class achievements pertaining to global leaders and corporates across varied spheres in the International Business and Finance Arena. The judging process, led by subject matter experts, involves a meticulous look into the institution’s talent, leadership skills, service quality, and capability among other things. “The two awards by International Business Magazine Awards reflects Credit Bank’s unparalleled…

Yamaha introduces two new motorcycles targeting the urban commuter

Motor vehicle distributor Toyota Kenya has introduced two motorcycles, the Yamaha FZ15 and Yamaha FZ25, looking to capture a growing interest from urban commuters in acquiring a motorcycle to beat the capital city’s infamous traffic snarl-ups. The 149cc FZ15 and 249cc FZ25 are suitable urban bikes, coming in with a new styling based on the ‘Urban Fighter Concept’, and new features for a comfortable and steady city ride and occasional trips outside the city. The addition of the new features, which include a body design that groups the front face,…