State Swings in to Resolve Del Monte Land Issues

The land lease dispute between the giant company Del Monte and the residents of Kiambu County has attracted the eye of President Uhuru Kenyatta who has directed the Ministry of Lands to resolve the issue as soon as possible. According to the Lands Principal Secretary Nicholas Muraguri, the Head of State has given the Ministry until the end of the Month of July to have the issue resolved after Washington called on Nairobi to intervene. “All parties will be listened to and the government will conclusively deal with the issue…

Rental yields drop marginally as tough economic times bite

Cytonn Real Estate, the development affiliate of Cytonn Investments, has released its H1’2020 Markets Review. The report highlights the current state of the real estate sector in terms of uptake, rental yields, capital appreciation, and hence, total investor returns. According to the report, average rental yields softened across all sectors coming in at 7.4%, 7.3% and 5.1%, for retail, office and residential sectors, respectively, from 7.7%, 7.8% and 5.2% in Q1’2020.The land sector recorded an overall annualized capital appreciation of 1.4%, with asking land prices in low rise residential areas…

Opinion:Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie; Head of Property Finance Africa: Nedbank CIB An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – that the pandemic has taught us, and integrate them into our future business and investment plans…

KETRACO partners with universities to empower vulnerable girls

The Kenya Electricity Transmission Company Limited, KETRACO has partnered with Kenyatta University to offer scholarships to girls from vulnerable families across the country. The partnership will see KETRACO pump resources into the program dubbed KETRACO Scholarship for Orphans and Vulnerable Students (KSOVS). Over the next five years vulnerable female students in KU’s Electrical or Civil Engineering faculty are set to be beneficiaries of the initiative. Speaking during the Memorandum of Understanding (MoU) signing ceremony, KETRACO’s Managing Director FCPA Fernandes Barasa hailed the initiative as attempting to bridge the engineering skills gap in…

QuickMart Opens new store in Kilimani

Kenya’s fastest growing retail chain QuickMart has opened its 32 branch in Kilimani area. The new chain is now Flagship store in the Kilimani, Hurlingam and Lavington area The rapid rise has seen the retailer grow to become the 3rd largest retailer in Kenya offering variety in terms of fruit vegetable clothes liquor furniture among other items. “End of last year we merged with Tumaini to form one strong business we have a fund we are investing in the business that has enabled us to expand rapidly as a result of…

Hon. Salome Awino destiny of blessings

After an operation at the Aga Khan Hospital, Hon. Salome A. Awino, popularly known as Abela Wangchieng’, a member of County Assembly (MCA) of Ruma Kaksingri East Ward, went to UK to visit and attend a graduation ceremony of her cousin at the Brighton University. Though she was still recuperating from the operation, she bravely made the long journey to fulfil her quest and determination. “I have enjoyed every moment of it,” Awino joyfully said. During her stay in UK, after graduation, she went to see the High Commissioner, the…

How well prepared are we on the current trends in sexual reproductive health amid COVID- 19 pandemic?

Maternal Mortality Ratio (MMR) in the African Region has declined from an estimated 857 maternal deaths per 1000 live births in the year 2000 to 525 deaths per 1000 live births in 2017, according to the World Health Organization (WHO). Despite this progress, countries have united behind a new target to accelerate the decline of maternal mortality by 2030. Through Sustainable Development Goals (SDG) 3, the ambitious target is “reducing the global MMR to less than 70 per 100 000 births, with no country having a maternal mortality rate of…

KWAL injects 10m to Covid 19 Emergency fund

Kenya Wine Agencies Limited (KWAL) has today donated Ksh. 10 million to the Kenya COVID-19 Emergency Response Fund to support the spirited fight against COVID-19. The donation was presented at KICC by Kenya Wine Agencies Limited Managing Director, Lina Githuka and Legal Director, Doris Thangei. The money will go towards welfare interventions which include providing food and essential commodities to vulnerable communities affected by the pandemic. It will also be utilized for purchase of medical supplies and provision of PPEs. The donation comes at a time when the country is…

KWAL wins reprieve against Mount Kenya Breweries for infringement of Kibao Vodka bottle design

On 28th April, 2020 Kenya Wine Agencies Ltd (KWAL) was granted temporary reprieve against Mount Kenya Breweries Limited (MKBL) in a case which KWAL has filed at the Industrial Property Tribunal. In the Ruling, the Tribunal issued a temporary injunction stopping MKBL from using the Kibao Vodka bottles, pending the determination of a case filed by KWAL. In the case, KWAL contends that Mount Kenya Breweries have being using the Kibao bottle design to package and sell their Sparkler Vodka without any licence or consent. KWAL further contends that it stands to…

Banking Sector urged to go digital to build resilience and sustainable growth post Covid-19

Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current Covid-19 pandemic and enable sustained growth in the post Covid era. The pan-African conference themed “Accelerating Digital Transformation, Enable Business Growth Again” was attended by 1200 delegates from across banks, telco operators, fintech and ICT services companies. Opening the event, Liao Yong, vice president of Huawei Southern Africa Region, said advances in ICT present unique opportunities for the…