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.

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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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