Recruiting CEO for an FMCG company in Nigeria

Our client is a leading manufacturer and marketer of few fantastic beverages in Nigeria surrounding markets. So far this has been a family managed business, but now the stake holders are looking forward to appoint a CEO to run the show and expand their market presence.

The ideal candidate would be presently managing full P&L responsibility of a FMCG / beverage company with Africa or Nigeria experience

If you are keen to explore this opportunity or would like to share references, please mail it to me on sanjayshah@datumhin.com

more about us on www.datum-recruitment.com

Corporate Good News from Africa

  • CA taps insider to succeed Wangusi:

The Communications Authority of Kenya (CA) has replaced long serving Director-General Francis Wangusi in defiance of a court order stopping his ouster.CA chairman Ngene Kariuki Thursday announced that the Director of Legal services, Mercy Wanjau, will hold the corner office in acting capacity until the authority chooses a substantive head. Mr. Kariuki said Mr. Wangusi had been at the organisation for more than 15 years. “As you may recall, Mr. Wangusi assumed office in August 2012, having served in an acting capacity in the previous year. He has had a unique opportunity and honour of serving at the helm of the Authority for two terms and several more years as a head of department at CA,” Mr. Kariuki said. Mr. Wangusi’s term ended yesterday but a court order obtained by activist Okiya Omtatah had voided the board that would have appointed his replacement.

  • CBA posts flat half year earnings at Sh2.36 billion:

Commercial Bank of Africa (CBA) has posted a 2.87 percent jump in net profit in the half-year ended June, boosted by higher interest income. The lender made a net profit of Sh2.36 billion in the period, compared to Sh2.29 billion in the same period last year. Its total interest income jumped 1.85 percent to Sh9.81 billion as non-interest income dropped 1.85 percent to Sh5.2 billion. CBA’S loan book expanded by Sh6.89 billion or 5.7 percent to Sh120.2 billion in the period from Sh113.79 billion the year before. Provisions for bad loans went down by 82.2 percent to Sh285.5 million from Sh1.61 billion last year, highlighting improving asset quality. The bank’s volume of gross non-performing loans rose by 6.83 percent, which is the equivalent of Sh778.1 million to Sh12.16 billion during the period under review, from the Sh11.39 billion it reported last year.

  • Cameroon encouraging the business climate:

Cameroon encourages investors to explore areas of growth. Cameroon is rich in natural resources including oil, gas, agriculture, production and processing among others. The country whose North-West and South-West regions remain shaken by insecurity invites partners to come invest in promising and income-generating areas such as crude oil, which remain one of the sectors still spared by the crisis. We interviewed Ekoko Mukete, Vice-President of the Cameroon Chamber of Commerce, on the institution’s work to encourage the business climate in Cameroon.

  • Africa- Japan : the 7th TICAD in sight:

The 7th Tokyo International Conference on Africa’s development begins next Tuesday, an event focusing on future relations between Africa and Yokohama. Education, development, public and private sectors… These are some of the topics to be discussed in Yokohama at the 7th Tokyo International Summit on African development. TICAD 7 will come back to ’‘The Nairobi Declaration’‘, adopted in 2016, which highlighted the idea of’ the promotion of resilient health systems for quality of life”, such as one of its priority areas on the continent. Africa which is considered as the continent that suffers the most from infectious and other diseases, is a real obstacle to its development.

Note:
Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent
BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients
If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net
More about us on www.bdhrs.net

Corporate Good News from Africa

  • Female Entrepreneurs lobby launches in Kenya:

The Commonwealth Businesswomen’s Network (CBW), a lobby bringing together female entrepreneurs from 54 member States, Tuesday launched its local chapter as it looks to further empower women economically across the region. The Kenya office comes two years after CBW Africa was launched at the end of 2017 as a strategic regional partner to Commonwealth business women working towards empowerment and leadership. “It is what is called the Commonwealth Advantage. It is exciting to see CBW Kenya Chapter launched. The network will support women and help them grow their businesses for the country’s prosperity,” said CBW-Kenya Director Dr Josephine Ojiambo. CBW is recognized by the 54 official Commonwealth governments across five continents. To kick start operations of the local chapter, CBW-K will host an event on 18th September 2019 in Nairobi that will include an exhibition show casing positive contributions in women empowerment programmer within the CBW – K network.

  • Adopt policies that can help in jobs creation:

The International Youth Day that was marked on August 12 was preceded by a national youth week. This was an opportune time to celebrate the youth’s contribution to nation-building besides reflecting on the challenges facing them. The Constitution prescribes a youth as a person aged between 15 to 35 years. and they account for 32 percent of the total population. In the year 2003, the Narc administration introduced affirmative policy strategies to enhance youth capacities and abilities and probably expedite the realization of Sustainable Development Goals (SDGs)Meanwhile, thousands of youths fresh from colleges join the job market yearly, but only a few get absorbed in spite of their qualifications. Ironically, the Federation of Kenya Employers has expressed concern about the human capital churned out by our institutions of learning, regarding lack of appropriate skills and expertise required in the market. Establishment of a ministry purposely handling youth affairs was a starting point in youth empowerment and a platform for the advancement of targeted affirmative actions.

  • Treasury ups domestic debt target to Sh300 billion:

The Treasury has raised the domestic borrowing target for the current financial year that started in July by Sh16.8 billion, hinting at a possible shortfall in projected tax revenue. Acting Treasury Secretary Ukur Yatani has in a gazette notice increased to Sh300.31 billion the fresh debt to be borrowed from domestic investors, which is 5.9 percent more than the Sh283.5 billion read in the June 13 Budget Statement by then Treasury CS Henry Rotich. The Treasury is facing a lower debt repayment burden this fiscal year with domestic maturities projected at about Sh122.58 billion, 44.37 percent less than the Sh220.4 billion that matured in the year ended June 2019.”It is currently not yet clear what drove the upward adjustment,” Standard Investment Bank (SIB) said in a note sent out to investors Tuesday. The government ordinarily raises its borrowing targets to plug shortfalls in tax receipts.

Note:
Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent
BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients
If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net
More about us on www.bdhrs.net

Good News from Africa

  • Coffee firm Eaagads returns to profitability:

Listed coffee producer Eaagads  returned to profitability in the year ended March 2019 after nearly trebling its coffee volumes amid higher export prices for the commodity. The firm made a net profit of Sh 2.65 million in the period, compared to a net loss of Sh 62.5 million in the year ending March 2018, with revenue climbing by 114.6 percent from Sh 83.7 million to Sh 179.6 million. The firm produced 419 tonnes of coffee last year, up from 154 tonnes in the 2017/18 when drought hit the agriculture sector, and sold 416 tonnes compared to 252 previously. “The increase was mainly attributed to favorable weather coupled by good agronomical practices … the average price realized during the year increased to $3.37 (Sh 350) per kilogramme from $3.32 (Sh 345) in the prior year,” said Eaagads in a statement. As a result of the larger crop, the cost of production rose by Sh 23.5 million to Sh 136.3 million.

  • Key Infrastructure for Dangote refinery leaves China for Lagos:

China’s leading energy and chemical company on Monday (July 29) announced that a completed atmospheric tower it had built was sailing for the shores of Lagos in Africa’s biggest economy, Nigeria. The facility, which it described as the world’s largest is set to be installed at the Dangote Refinery, a facility owned by Africa’s richest man, Aliko Dangote. The wharf carrying the tower left in Ningbo and is set arrive in Nigeria in weeks. According to experts, the primary purpose of the atmospheric distillation tower is to separate crude oil into its components (or distillation cuts, distillation fractions) for further processing by other processing units. Dangote disclosed in an interview with Reuters News Agency in 2016 that the country’s first private oil refinery was estimated at a cost of $12 million dollars with the funds to be pooled from multiple sources. The 2019 date to start operations had largely been thought of as unfeasible by a number of industry watchers. With a critical machinery coming on stream, it is believed that work could be nearing completion.

  • Over 353 million seedlings in 12 hours: Ethiopia ‘breaks’ tree- planting world record:

A campaign to plant 200 million young trees in a day has kicked off in Ethiopia under Prime Minister Abiy Ahmed’s wider plan to lead the planting of four billion saplings. The July 29 campaign, under Aniy’s “Green Legacy Initiative” if achieved will be a world record according to the Guinness Book of World Records. Office of the PM said over 100,000,000 young trees had been planted after a six-hour period, which means Ethiopia has already broken the 66 million record set in India. The final figure of tree seedlings planted according to the Minister of Innovation and Technology came up to exactly 353 million, 633 thousand, 660 in a space of 12-hours.The Minister said this was the verified of the final figure on the Number of Trees Planted according to the National Steering Committee. To make it onto the World Record, the figures need to be independently verified. It is not yet clear if the Guinness World Records is monitoring Ethiopia’s the mass planting scheme but the prime minister’s office told The Associated Press that specially developed software is helping with the count.

Note:
Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent
BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients
If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net
More about us on www.bdhrs.net

Corporate Good News from Africa

  • Kenyans buy 45 VW comfort line units from DT Dobie:

Car dealer DT Dobie, the franchise holder of German car maker Volkswagen, says it has sold 45 units of the new locally assembled Polo Vivo Comfort line as the firm ramps up efforts to expand its portfolio of Kenya-produced motor vehicles. The auto dealer started producing the new 1600cc Comfort line model in April. It is priced at Sh1.69 million after its predecessor 1400cc Polo Vivo, which has so far sold about 280 units since start of its assembly in 2016.“In the beginning we sold about five Polo Vivo in a week but the demand has grown steadily since then and we are getting orders of about 25 of this model in a week. This goes to show that locals are willing to spend on new cars when they understand the benefits of the new over the mitumba (second-hand),” said DT Dobie Director of Sales and Marketing Alexander Helfritz. Last week it unveiled its locally assembled van, Caddy Combi.

  • State set to recruit interns on monthly pay of Sh25000:

The Public Service Commission (PSC) will next month start the hiring of interns that will be paid Sh25,000 monthly. Commission chairman Stephen Kirogo told the National Assembly Committee on National Cohesion that the PSC is drafting a policy to guide the recruitment. The PSC targets to hire 3,000 interns who are expected to be posted to various stations by mid-September. “We start the recruitment in August and qualified individuals will be required to apply directly to the commission,” said Mr. Kirogo. Parliament revised the PSC budget for the year starting July to include a Sh1 billion allocation to facilitate the hiring of interns.

  • State vows to keep off Collymore succession:

The government has made a U-turn on the succession race at Safaricom , saying it will work with whoever the Telco’s board chooses to replace the late Bob Collymore. The move is a departure from Kenyan officials’ position in the past that he should be succeeded by a local, a development that led to a delayed announcement of his replacement, according to a Reuters report at the time. “Their (Safaricom) board will decide who they will have as the new CEO. There is no say from the government on who becomes CEO, once they (Safaricom) decides, then we will carry on with that person,” said ICT Secretary Joe Mucheru last week. Safaricom, which is Kenya’s most profitable company, is seeking a successor to Mr. Collymore who succumbed to cancer this month, just months after he agreed to stay on for an additional year to August 2020 in what was seen as a move to allow the government and Vodafone to negotiate an agreement.

  • Naivasha, Konsa City named special zones:

The Government has designated 9,000 acres of land in Naivasha, Mombasa and Machakos as special economic zones (SEZs) as it steps up efforts to boost manufacturing. Trade and Industrialization Cabinet Secretary Peter Munya gazetted the zones Friday meaning they enjoy special tax and infrastructure that facilitate a wide range of activities such as storage, export and re-export. “The Cabinet Secretary for Industry, Trade and Co-operatives on recommendation of Special Economic Zones Authority, declares all that land being title No. L.R. No. 8396/56, measuring 404.7 hectares (1,000 acres) in Mai-Mahiu area within Nakuru County to be a Special Economic Zone,” said Mr. Munya.

Note:
Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent
BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients
If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net
More about us on www.bdhrs.net

Corporate News from Africa

  1. BIDCO Launches Sh20bn Ruiru plant, eyes Nakuru factory:

Consumer goods maker Bidco Africa Group has opened a Sh20 billion ultra-modern industrial park in Kiambu as it eyes expanding its manufacturing footprint with another plant in Nakuru. President Uhuru Kenyatta presided over the unveiling of the business complex Thursday that will host the company’s beverage and food processing factory. It comes installed with a 66-kilovolt power station to supply 7.5 megawatts of electricity to the factory. The Head of State noted that the new factory has already created 1,000 direct jobs and 5,000 indirect jobs throughout the Bidco distribution chain. The firm has engaged 35,000 farmers across the country to supply them with soya and sunflower produce. “This, in essence is what we are trying to achieve as a nation, a manufacturing sector that links with other productive sectors of the economy,” said Mr. Kenyatta.

  • Consultant firms dispute over lamu port deepens:

A local consultant in the design, review, supervision and construction of the first three berths of the Lamu Port wants a South Korean company which is the lead consultant to deposit Sh200 million in court being security for work it has done. AIA Architects Ltd, formally Adventis- In-house Africa Ltd, wants Yooshin Engineering Corporation directed to deposit the money for work of design and supervision of the buildings and associated infrastructure of the Lamu Port which it has already performed as the local component of the tender award. The two companies are involved in a dispute regarding a threat to terminate a sub-contract between them which has spilled to the High Court in Mombasa. AIA Architects Ltd, also wants Yooshin Engineering Corporation ordered to pay it Sh53 million being the balance of payment due (to AIA Architects) for the designs, disbursements for preparation of the designs, 16 percent VAT and 5 percent VAT up to the design stage as per the tender award. In its application, AIA Architects wants an order of injunction against the defendant restraining it from conducting works of design, construction and supervision of buildings and associated infrastructure of the port or entering in any sub-consultancy agreement with any other entity.

  • Nation, IEA ink open contracting portal deal:

In a bid to lift the lid on the secretive tendering industry, the Nation Media Group (NMG)  has inked a partnership deal that will see it increase coverage on public procurement. On Monday, NMG signed a memorandum of understanding (MoU) with the Institute of Economic Affairs (IEA-Kenya) and Hivos East Africa that will enable them establish an online open contracting portal. The portal will support media story linkages, data backed storytelling, access to information for research and support the shelf life of procurement-related stories after first publication. Speaking during the signing of the MoU at the Nation Centre, NMG Editorial Director Mutuma Mathiu said the partnership will play a major watchdog role. “This partnership will entrench the Group’s mission of positively transforming society by promoting transparency and accountability in public resource management,” said Mr. Mathiu, noting that the platform will enable the public interrogate government decisions on public procurement.

  • Kenya firm bags Sh620m Botswana saccos IT deal:

Kenya’s co-operative software developer Core Tec Systems and Solutions is implementing a Sh620 million online portal for Botswana’s co-operative sector. Core-Tec chief executive Tobias Otieno said the wireless and cashless platform accessible via mobile phones and websites will be used by all co-operative societies in Botswana starting September 1.“Bringing everyone onboard will enhance penetration of co-operative services as well as enable all societies to enjoy similar services on a much lower cost,” he said. Talking in Nairobi on the importance of outsourcing cloud, cyber security and software services from one-stop shop online service providers, Mr. Otieno said his firm had partnered with Africa’s converged communication and IT infrastructure provider IS to further enhance security and reliability of the platforms in Kenya and abroad. “We have been conducting a pilot in Botswana and have trained platform teams for various saccos there to facilitate a smooth operation. In Kenya, we work with IS to secure our platforms from cybercriminals that have in the past breached some of the platforms,” he said.

Note:
Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent
BDHRS Talent 4.0 Pvt. Ltd., is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients
If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net
More about us on www.bdhrs.net

Corporate News from Africa

  1. Shoprite’s third Kenya outlet opens august:

Africa’s biggest retailer Shoprite will open its City Mall store in Mombasa and its third in the country next month, coming just a year after it snapped up the space that was occupied by struggling supermarket chain Nakumatt. The South Africa-based retailer had initially set the opening for its maiden branch in the coastal hub city for March this year. The firm says the new outlet is set to create 115 new jobs and will have a seating area inside the outlet where customers can enjoy foods prepared in the facility. The store will be the South African retailer’s third in the country after its first one at Westgate last December and the second at Garden City Mall in March. Shoprite has signaled two more store openings this year, one in Karen and another at an undisclosed location. “A lease agreement has been concluded with The Karen Waterfront and the Group will follow up on other opportunities as they become available. Shoprite sees a lot of potential in the country and is excited about the prospect of expanding its footprint over time,” it said in a statement.

  • Parliament approves bid to nationalize Kenya Airways:

Parliament on Tuesday voted to nationalize listed airline Kenya Airways to save it from mounting debts in a vote that could set the stage for the buyout of minority shareholders. The National Assembly unanimously voted to approve the recommendation by the Transport committee for the formation of an umbrella Aviation Holding Company to run Kenya’s aviation sector. The National Assembly’s Transport committee has recommended that the government establishes the holding company with four subsidiaries comprising the Kenya Airports Authority (KAA), Kenya Airways (KQ), the Jomo Kenyatta International Airport (JKIA) and a centralized Aviation Services College, which will run independently. “The government has no option other than to move quickly and implement the recommendations as approved by the entire House without amendments,” said Transport committee chair David Pkosing The committee’s report also recommended the holding company be given tax concessions for a period to be determined and that it be exempted from paying excise duty on all goods, including jet fuel.

  • Ex KRA boss Njiraini, politicians on the shortlisted for top NLC job:

Dozens of politicians have been shortlisted as candidates for the positions of chairperson and commissioners at the National Land Commission (NLC) in a list that includes top lawyers, researchers, surveyors and land experts. A total of 11 individuals among them former Kenya Revenue Authority (KRA) boss John Njiraini and lawyer Gershom Otachi, who appeared for Kenyan suspects at the International Criminal Court (ICC), were listed for the position of chairperson. Former Meru governor hopeful and land expert Dr Mwenda Makathimo, land surveyor Robert Kilimo, UN-Habitat consultant and Ministry of Lands Deputy Director for Urban Development Patrick Adolwa, former Gatanga MP Dr Humphrey Njuguna, Commissioner of the Advocates Complaints Commission Naomi Wagereka, and former Isiolo woman rep Tiyah Galgalo Ali were also shortlisted for the chairperson position. Former Nyeri MP Esther Mathenge and Dr Hussein Farah, the director of the Regional Centre for Mapping of Resources for Development, also made it to the shortlist for chairperson position out of 117 applicants for the position. Ms Priscilla Nyokabi, the chairperson of the Selection Panel, announced that 50 individuals were shortlisted out of a total of 940 applications for the position of NLC board member, out of which only eight will be picked to fill the positions since the expiry of the term of the first commissioners in February.

  • KQ adds flight frequencies to meet higher demand:

National carrier Kenya Airways (KQ)  has increased flight frequency to three regional tourist destinations as it seeks to meet the rising demand during the peak travel season. Chief Commercial Officer Ursula Silling said flights to Mombasa, Zanzibar and Kilimanjaro will rise in the months of July to August 2019 as well as Juba and Kigali routes. The coastal city of Mombasa will see an increase of two flights to 12 daily, with customers travelling to Kilimanjaro enjoying an additional flight, bringing the total to two daily, she said in a statement. The Juba, Zanzibar and Kigali routes will each see an additional flight with four to Juba (Monday, Wednesday, Friday and Sunday), while flights to Zanzibar will operate on Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays and daily to Kigali. “The additional frequencies will ensure we serve our customers better, more efficiently and in a timely manner. This will also play an important role in growing our business in addition to supporting the tourism industry” said Ms. Silling.

Note:

Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent

BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients

If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net More about us on www.bdhrs.net

Corporate News from Africa

  1. KPC acting boss gets extension:

The board of Kenya Pipeline Company (KPC) has extended by six months the contract of acting managing director Hudson Andambi who was appointed to run the company last December after the arrest of the firm’s top brass. Mr. Andambi, whose contract now runs until October 6, was appointed by the Ministry of Petroleum and Mining in consultation with board chairman John Ngumi last December and his contract was to expire on April 6.Former managing director of the scandal-dogged company Joe Sang and four other officials were arrested over alleged corruption involving construction of the Sh1.8 billion Kisumu oil jetty. Mr. Andambi’s appointment was initially set to end on April 6 but it has now been extended by the board until October 6, Mr. Ngumi told the Business Daily yesterday. “We are now ready to recruit. An advert will be out in the papers in the next few days with all the details required from the next substantive MD,” said Mr. Ngumi.

  • Kadogo economy rules retail sector:

More than 70 percent of fast-moving-consumer goods (FMCG) purchases are of products priced below Sh55, indicating that the informal market, known as ‘Kadogo Economy’, is still king in Kenya. This is according to findings by market insights firm Nielsen whose retail measurement report released yesterday indicates that traditional trade (kiosks and groceries) accounts for bulk of retail sector transactions. “Most transactions in the retail sector are still below a dollar (Sh103) and this explains the growth of the traditional trade,” said Nielsen East Africa, Consumer Insights Lead, Pauline Achayo. The traditional trade, according to Nielsen, accounted for 66.3 percent of the total FMCG spend in the year ending March 2019, a 10.7 percent growth when compared to a similar period the previous year. Modern trade (supermarkets) accounted for 33.7 percent (Sh94.1 billion), a 0.4 percent growth over a similar period.

  • Kenya deports 17 foreign directors of betting firms:

Kenya’s war on betting reached new heights on Wednesday when its interior ministry ordered the deportation of 17 foreign directors of betting firms operating in the country. The deportation order comes almost a week after ordering telecoms firm Safaricom to stop processing payments for sports betting firms. Online sports betting companies such as Sport Pesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports, with the government putting their combined revenue at 200 billion shillings ($2 billion) last year, up from 2 billion shillings five years earlier. However, that has raised government concern about the social impact of betting. In May, the country introduced new gambling regulations, including banning advertising outdoors and on social media. The interior ministry said on July 1 that regulator Betting Control and Licensing Board had declined to renew licenses of 19 firms while it reviewed their operations and shareholding structures. “The cabinet secretary (minister) signed 17 deportation orders for directors of betting companies,” said Wangui Muchiri, the head of communications at the interior ministry. She declined further comment.

Note:

Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent

BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients

If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net

More about us on www.bdhrs.net

Good News From Africa

  1. Spanish Company Glovo inks Naivas, java delivery deals:

Spanish delivery firm Glovo has on boarded Java House, Naivas Supermarket, Zucchini Greengrocers and On The Way Supermarket as the company expands, coming seven months after entering the Kenyan market. The firm, which formally launched local operations this year, has been growing its partnership list as a means to grow its customer base. “In the long run these partnerships will help us achieve our broader strategy of being a single platform for all our customer’s needs and deliveries,” said William Bent hall, Glovo’s general manager for Kenya. Glovo entered the Kenyan market in January and most recently partnered with Simbisa Brands, (operators of Pizza Inn, Chicken Inn, Creamy Inn and Galitos).The platform enables customers to order items such as food, groceries or gifts through the smartphone.

  • African financier targets firms in Big four projects:

The African Export Import Bank is exploring opportunities to fund local projects, the head of its newly created Fund for Export Development in Africa (Feda) Philip Kamau said on Monday. Dr Kamau said the funding could be allocated from the main Afreximbank coffers but also its offshoot, the $100 million (about Sh10 billion) fund. “The products and services offered by Afreximbank and Feda can help Kenya in the implementation of its Big Four Agenda especially in the areas of increasing its manufacturing share of gross domestic product to 15 percent, food security and healthcare,” said Dr Kamau while making a presentation at the Kenya export week conference held in Nairobi. “I suggest that the various entities involved in the implementation of Big Four Agenda can contact Afreximbank and Feda on how we can work together to support your initiatives. ”Feda, the wholly-owned development-oriented subsidiary of Afreximbank, was set up earlier this year “to leverage the role the Cairo-based Afreximbank has played in mobilizing trade finance into Africa.”

  • Chinese firm to pick Kenya’s first nuclear power plant location:

The Indian Ocean, Lake Victoria and Lake Turkana have been identified as top contenders for hosting the first nuclear power plant that Kenya plans to build in the next 8-10 years. The Nuclear Power and Energy Agency (NuPEA) said it has contracted a Chinese firm- China National Nuclear Corporation (CNNC)- determine the most suitable location in an ambitious two-year Site Characterization study. NuPEA put the consultation cost at Sh50 million. The National Assembly’s Energy committee on Tuesday heard that the exercise is expected to cost taxpayers Sh1.5 billion. “Currently, we have zeroed in at the coast along the Indian Ocean, Lake Victoria and Lake Turkana as the most ideal sites. We have excluded the Rift Valley because we need enough water to cool the plant,” Mr. Collins Juma, the NuPEA chief executive said.

  • Java adds outlets for vegetarians to Sh1bn expansion:

Restaurant chain Java House is set to introduce exclusive vegetarian branches to woo health-conscious customers as the eatery continues with its aggressive Sh1 billion regional expansion. The firm also revealed that it has partnered with oil marketer Total Kenya to unveil its latest branch along Mbagathi Way that is set to serve the business and residents. It is also located close to Strathmore University and will be operational by the end of this month. The branch will be the second collaboration between Total Kenya and Java after the unveiling of the Airport View, Mombasa Road, outlet. “Mbagathi Road is a major connection route between Ngong Road, Kilimani Area and Mombasa Road. There is constant traffic on this transit road seven days a week,” Java CEO Paul Smith told the Business Daily. The station, Mr. Smith added, sits in a central location to several estates in Madaraka, Nairobi West and Langata “that host a growing number of middle-income residents.”

Note:

Kindly note that the above mentioned news have been extracted and googled thru the various local news papers from African continent

BDH Recruitment Services, is an Executive Search firm, we mainly focus on recruiting for mid an senior management roles from our clients in Africa, Asia, Middle East and Oceanic belt, We specialise in recruiting for local as well as expatriate staff for clients

If you have any immediate roles to work, kindly email us your requirement on info@bdhrs.net More about us on www.bdhrs.net