Tag: Kenya

Kenya Defence Forces rallies for exemption of state-owned meat processor KMC from privatization list

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KENYA – The Kenya Defence Forces (KDF) through the Ministry of Defence has written to the Privatisation Commission to exempt the Kenya Meat Commission (KMC) from the list of State-owned enterprises that Cabinet has approved for sale. According to reports by The East Africa, the Privatisation Commission which was brought into being by the Privatisation Act (2005) was mandated to sell of 26 poorly performing parastatals to strategic investors to reduce their reliance on the exchequer. The sale of state-owned enterprises was also expected to mobilise resources and support the…

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Agricultural Finance Corporation supports Kenyan women farmers with US$9.3m financing

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KENYA – The Agricultural Finance Corporation (AFC) has extended a Ksh1 billion (US$9.3m) loan to women farmers as it seeks to empower women-led enterprises. The money, which is part of Ksh3 billion (US$27.95m) that AFC intends to loan women, has been disbursed over nine months, according to the agency’s board chair Franklin Bett. The institution last year started the Women Affirmative Access Window programme to drive financial inclusion in agricultural finance. Mr Bett said the loans have been made collateral free to attract women who would want to access funds…

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Nigeria’s Eat’N’Go extend footprint across Africa, enters Kenyan market

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NIGERIA – Eat’N’Go limited, Nigeria’s master franchisee for Domino’s Pizza, Cold Stone Creamery, and Pinkberry Gourmet Frozen Yoghurt has announced its expansion into the East African market. The leading Quick Service Restaurant operator in the West African country, has successfully acquired the franchisee which operated Cold Stone Creamery and Domino’s Pizza in Kenya. Om Nom Nom Ltd, the master franchise holder of Domino’s Pizza and Cold Stone Creamery in Kenya, opened its first store in 2014 in a market with leading brands like Pizza Hut, Pizza Inn and Debonairs, among…

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World Animal Protection raises alarm on superbug contamination on meat sold in Kenya’s retail stores

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KENYA – Nearly two years after an expose by a Kenyan media outlet on the rampant use of chemicals and preservatives by some butcheries and retailers to extend the shelf life of meat products, UK-based World Animal Protection has revealed that, a significant portion of chicken and pork meat sold in supermarkets is contaminated with bacteria or superbugs. Superbugs according to WHO are strains of bacteria, viruses, parasites and fungi resistant to most antibiotics and other medications commonly used treat the infections they cause. The World Animal Protection conducted a…

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Co-op Bank joins forces with eco.business Fund to finance sustainable agriculture in Kenya with US$10m

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KENYA – Co-operative Bank of Kenya (Co-op Bank), one of Kenya’s leading commercial banks and the primary bank for agricultural cooperative societies in the country, has partnered with eco.business Fund to avail US$10 million financing for on-lending to sustainable agribusinesses. Being the fund’s first ever investment in Kenya, it aims to provide the much-needed financing for businesses to enhance sustainable measures in their agricultural practices, particularly important in light of the challenging operating environment created by the Covid-19 crisis. According to the impact investor, the investment contributes to its mission…

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Silafrica partners with Ellen MacArthur Foundation to combat plastic waste

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KENYA – Africa’s leading plastic and packaging solutions provider, Silafrica has joined the New Plastics Economy initiative by Ellen MacArthur Foundation, strengthening its commitment to establish a global circular economy. The Ellen MacArthur Foundation is a UK registered charity which aims to inspire a generation to re-think, re-design & build a positive future through the framework of a circular economy. The foundation with members across the globe including Tetra Pak, Danone, Coca-Cola, Nestle among many others, seeks to drive momentum to reach its goal by eliminating problematic or unnecessary plastic…

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Alapala continues with global expansion, opens new office in Kenya

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KENYA – Turkey’s premier milling equipment company Alapala has expanded its presence in the Eastern African region with the opening of its new office in Kenya. Located in the country’s capital city Nairobi, the new base is part of its global expansion and is aimed to better serve its local customers. “With continued growth and our commitment to providing outstanding service, we are now even stronger in East Africa with our new office in Nairobi,” highlighted Alapala on a LinkedIn post. The announcement comes almost a year after it completed…

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Agricultural Finance Corporation taps NOCK’s George Kubai to be its new Managing Director

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KENYA – Development finance institution Agricultural Finance Corporation (AFC), has appointed George Kubai as its new managing director effective April 1 2021. Prior to his appointment, Mr Kubai was the General Manager, Downstream Operations at the National Oil Corporation of Kenya (NOCK). The new boss takes over from the lender’s Corporation Secretary Mrs Rose Ochanda who has been the acting Managing Director since the retirement of the long-serving CEO Lucas Meso who stepped down in October 2020 after almost 10 years at the helm. Announcing the appointment, AFC Board Chairman…

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Kenya’s Kapa Oil Refineries partners with Sheffield Africa to build cold chain facility for margarine storage

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KENYA – East Africa’s leading Commercial Kitchen, Laundry and Cold Room solutions provider, Sheffield Africa has completed the installation of a 720sqm cold chain facility for Kapa Oil Refineries Limited for bulk storage of margarine. According to the report by Business Daily, it is split into two 360sqm temperature-controlled cold-room with a multistage racking where products can be stored at four levels. It has a RACK refrigeration system with inverter technology that reduces power consumption of the whole plant by between 20 percent and 25 percent, and fully automatic sectional…

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Bolt timely launches food delivery service in Kenya amidst restrictions curtailing restaurants operations

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KENYA – Ride-hailing firm Bolt has officially launched its food delivery service, Bolt Food, in Nairobi, Kenya. This comes months after the Estonian company hinted of diversifying its operations in the East African nation, with an advertisement of a Country Manager job position in August. According to the company, the new service will give users access to a huge variety of restaurants and menus at the tap of a button as well as boost the customer base for various restaurants. The launch is timely and gives Kenyan eateries a base…

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