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

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