Carrefour Kenya inks deal with online platform Jumia to boost grocery, beverages sale

KENYA - French multinational retailer, Carrefour has entered into a definitive agreement with Jumia, a Nigeria-based e-commerce platform to boost online grocery, beverages and other sales. A Business Daily report indicates that the deal will allow Carrefour customers purchase a wide selection of products from its six Nairobi stores on Jumia’s online platform starting January.…

MANE Flavours opens products innovation center in Kenya to serve region

KENYA – Mane, one of the leading flavours and fragrances houses in the world has inaugurated its first innovation center in Nairobi, Kenya, a strategic hub that aims to provide cutting-edge taste solutions to food and beverage manufacturers in the region. The center features two application laboratories supported by the company’s team from South Africa…

Coca-Cola Kenya to sell Nairobi regional headquarters facility for US$10m

KENYA – Soft drinks manufacturer, Coca-Cola has said that it is seeking to sell or rent its Nairobi Upperhill facility at a cost of US$10.05 million (1.03 billion Kenya shillings) in line with the company’s workplace agenda to provide a modern workplace that enhances creativity and innovation among its staff. The company said it is…

Ingredion launches its first Idea Lab innovation centre in Kenya

KENYA – The global ingredients solution provider, Ingredion Incorporated has launched a new state-of-the-art Idea Lab innovation centre in Nairobi, Kenya, the company’s first in the region. According to Ingredion, the centre seeks to deliver the much needed technical support and culinary know-how to customers across Eastern Africa. It is set to benefit food and…

Twiga Foods raises US$10.3m financing from IFC and TLcom for expansion

KENYA – Twiga Foods, a Kenyan based online food-market platform has raised US$10.3 million financing co-led by World Bank’s private investment arm International Finance Corporation (IFC) and Pan-African venture capital firm, TLcom Capital. The capital is meant to help the company expand operations and offer new services to small holder farmers. Others that participated in…

Kenya’s coffee and tea major Sasini CEO Stephen Githiga to resign

KENYA – Sasini Plc, one of Kenya's major tea and coffee producers has announced that the company’s board has accepted the resignation bid from its Chief Executive Officer Stephen Githiga who is expected to exit by the end of the year. According to the company statement seen by Business Daily, the CEO tendered his resignation…

Kenya Breweries seeks to increase local sorghum supply for Kisumu brewery

KENYA – Kenya Breweries Limited (KBL), a subsidiary of the British alcoholic beverages company Diageo is turning to sorghum farmers in Kakamega County to increase supply of the commodity for its soon to be opened brewery in Kisumu. The brewer has started a pilot program for local sorghum sourcing in Lugari Constituency. Success of the…

East Africa tea exports to the rest of the world increase by 13%

EAST AFRICA - Tea export volumes from East Africa to the rest of the world have risen by 1.4 million kilogrammes, representing a 13% increase from the comparable previous year, data from the East African Tea Export Auction reveals. A latest auction report has shown that a total of 10.4 million kilogramme bags of tea were…

Standards and tax bodies release Coca-Cola’s US$4.8m imports after stand-off

KENYA – Coca-Cola has received clearance from both the Kenya Revenue Authority (KRA) and Kenya Bureau of Standards (KEBs), allowing the entry of its imported raw materials into the country. A Business Daily report indicates that the company’s US$4.87 million worth of imports were detained at the Mombasa port five months ago over a dispute…

Vegetable, fruit exports lift Kenyan horticulture earnings to over US$1b

KENYA – Kenya’s horticulture export earnings rose by one third to reach US$1.01 billion in the first eight months of 2018, boosted by increased vegetable, fruit and flower exports, according to a Business Daily report. Data from the Kenya National Bureau of Statistics shows vegetable earnings rose by 9.6% to US$165 million, from 50,000 tonnes…