Good News from Africa

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.

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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