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  • 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
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  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
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  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

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  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

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  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

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  1. China smartphone giant Xiaomi opens first Kenya store:

Smartphone maker Xiaomi has opened its first Nairobi store, effectively stepping up competition in the local market dominated by Chinese rivals including Transsion Holdings, the manufacturer of the popular Tecno, Infinix and Intel brands. Xiaomi is ranked the fourth largest smartphone company in the world after Korea’s Samsung, United States Apple and China’s Huawei, according to the latest International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Xiaomi has picked The Hub shopping mall, located in Nairobi’s upmarket Karen suburb, for its maiden Kenyan outlet. The firm said the physical store will complement its online presence and boost its sales locally. Previously Xiaomi mainly used vendors including Jumia and Avechi.com to ship its brands into Kenya besides a host of local outlets. The Business Daily has also learnt that the firm is eyeing more physical outlets within Nairobi.

  • KQ targets more domestic routes with new license:

National carrier Kenya Airways has received an air service license (ASL) from the aviation regulator, paving the way for it to commence new domestic flight routes in the near future. The Kenya Civil Aviation Authority (KCAA) revealed in a Gazette notice last Friday that it has given the loss-making airline a three-year green light to fly to Wajir, Homabay, Lokichoggio, Isiolo and Maasai Mara using Boeing 777, Boeing 787, Boeing 737 and Boeing 8170 aircraft. The airline has also been licensed to operate on the routes using Embraer 190, Embraer 145 and DHCS based at Jomo Kenyatta, Moi, Kisumu and Eldoret airports. “Licence granted for three years, with effect from the 22 March 2019,” KCAA said in the notice. Should Kenya Airways (KQ) launch its services along the new routes, the move is likely to increase competition for smaller airlines such as Silverstone Air, which already plies the Wajir and Maasai Mara routes.

  • GT Bank, Equity win Euro Money awards:

Nigeria-headquartered Pan-African lender GT Bank with four Kenyan branches and subsidiaries in Uganda, Tanzania and Rwanda last week emerged the overall best bank in Africa and Nigeria. KCB  and Equity groups  were among seven financial institutions with Kenyan operations feted for best practices in service offerings at the just concluded Euro Money Africa Awards for Excellence. KCB that runs 263 branches in seven countries with 6,220 employees took home the SME best Bank Award while 9,000-employee strong Equity with subsidiaries in eight countries won the best digital bank award. GT Bank chief executive Segun Agbaje said it would grow investments in technological innovations to improve service delivery across its markets. “We are leveraging on the best of technology to add real value to our customers’ lives. These awards reflect the progress we are making in delivering a banking experience that captures what customers want today and tomorrow,” he said

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

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  1. Birth of Café culture in coffee growing country:

The Rwandan highlands with their acidic soils are perfect for growing coffee with a uniquely chocolaty taste – but many of the farmers only grow it for export. A by-product of colonalisation by the German and Belgians who settled in the country in 1904, coffee does not have deep roots in the country’s indigenous culture, not least because of its prohibitively high cost. While relatively affordable tea is being sold in local shops, coffee costs more than a worker might earn in a day. As a result, most coffee farmers say that they rarely ever taste the coffee before exporting their harvest. Vincent Habumugisha has a 15 years’ experience in coffee farming on 1.5 hectar of land located in Rwamagana district in Eastern province, where he harvests at least eight tons of coffee annually. He employs twenty farm workers on a casual basis, but neither him nor his workers have ever consumed a cup of coffee in their lives.

  • Deliver your promise made at job interview:

I was once requested to “seek other opportunities” because my “services were no longer required”. Whoa! In just a couple of weeks, my world then was crumbling all around me. Angry and dejected, I wallowed in self-pity until I came face-to-face with starvation and an angry landlord. Hey, I am confiding in you. This is the point at which you simply wish you could have passed me a tissue. Never mind that you’re reading about this on a national daily or why I was out of work to begin with. Like most excited young adults starting out, I believed two huge lies modern life feeds us the minute we set foot in the school system. Most of us are raised to virtually believe in school degrees. Go to school, earn a degree and you’ll get a good job. While I have every respect for the knowledge and a certain socialization school exposes us to, we are all too aware of thousands of brilliant Kenyans walking the streets with degrees in hand, and no job. What happened? Praxis … these poor souls integrated their belief with their behaviour. Unfortunately, they believed a lie. They believed that getting an education was getting a degree, diploma or certificate. That’s not true.

  • Regulator’s audit of PhD degrees welcome:

While the move by the Commission for University Education to audit PhD degrees awarded by public universities in recent years is a welcome one, it just goes to show the depth some of our institutions of higher learning have sunk. It is quite worrying when degrees awarded by the learning institutions are queried with the spotlight being turned on their veracity and quality. The probe by the regulator will review the PhDs awarded by local institutions following concerns that the institutions are not following the right assessment procedure. It will also focus on whether the students followed the set rules, including the one that caps professors from supervising more than three PhD candidates at a time. The publications or refereed journals where the PhD gradients have published their works will also be reviewed since some of the journals have had their credibility questioned while some students have been accused of delegating the research work to others for a fee.

  • Solar power firm raises cash to connect 20000 homes in off- grid zones:

Micro-grids operator Power hive Inc. has raised Sh930 million in its Series B round of funding for connecting electricity to 20,000 families via solar power. Power hive chief executive Christopher Hornor said Toyota Tsusho participated in the latest round with a commitment to actively participate in the project’s rollout across Kenya and beyond. “We are excited to work with Toyota Tsusho who shared our vision to build climate-friendly, sustainable and profitable businesses,” he said adding that the solar kits once deployed will be locally assembled thereby creating a ready pool of solar technicians to keep Kenya ‘alight’. Toyota Tsusho’s Power Project Business Unit head Hirata Tatsuya said the partnership gives them an opportunity to fully participate in the planned rollout as well as offer expertise and products. “The time is right for Kenya to leapfrog from the old way of doing things and take a fresh approach to energy independence.

  • Financial analysts agency elects new chairperson:

Institute of Certified Investment and Financial Analysts (Icifa) has elected financial and investment specialist Jonah Aiyabei chairman. Speaking during Icifa’s annual general meeting, Dr Aiyabei pledged to concentrate his efforts to entrench professionalism among financial analysts and improve services Icifa members offer the private and public sector. Dr Iayabei who took over from Job Kihumba had served as Icifa vice chairman since June of 2016.Other council members elected were Einstein Kihanda, Leah Nyambura and Duncan Elly Ochieng’. Dr Aiyabei currently serves as a director at the Morendat Institute of Oil and Gas, a wholly owned subsidiary of the Keya Pipeline Company and has served as Trust Secretary of KPC Pension Schemes.

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

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  1. Firms donate to Asian Fintech event to be held in Nairobi:

The Asian Fintech event bringing up to 5,000 delegates to Nairobi has received a financial boost with several corporates donating funds towards its sponsorship. Regional bank KCB Group  donated Sh10 million while telco Safaricom  and Standard Chartered Bank  dished out Sh5 million each. Central Bank of Kenya Governor Patrick Njoroge who received the donations said technology had helped improve lives with Kenyan innovations being replicated across the globe due to their positive impact. “In matters fintech, Kenya is the pacesetter in innovations and its simulation with payment platform running on fintech platforms. The difference fintech is making to millions of people in Africa and billions around the world is momentous,” he said. Speaking during the occasion, Safaricom Financial Services Officer Sitoyo Lopokoiyit said the two-day event presents Kenyan innovators with a global platform to showcase their products with an eye on how Safaricom’s M-Pesa supported the startups to commercial their products.

  • Taxman sets stage for new water tax:

The Kenya Revenue Authority (KRA) is preparing to raid drinking water and other beverages from September in an effort to raise an additional Sh3.6 billion from excise tax following introduction of additional excise stamps. The roll-out of Excisable Goods Management System (EGMS) will see manufacturers from September 1 required to affix the new generation excise stamps on bottled water, juices, soda, energy drinks, non-alcoholic beverages, food supplements and cosmetics. The move comes as the taxman, who has perennially missed tax targets, moves to seal revenue leaks against the backdrop of ever higher collection targets set by the Treasury. Past attempts by the KRA to roll out the system have failed after its implementation was opposed in court. On Tuesday, KRA said it is engaging manufacturers for a smooth roll-out of the system.

  • Nairobi hosts conference on financial technology:

Kenya is set to host a financial technology conference next week at a time sector players are under pressure to innovate and outpace existing traditional brick and mortar model. The two-day meeting in Nairobi to be held from July 15, is expected to bring together high-level policymakers, business leaders, economists and financiers to explore sustainable financial services innovations from emerging African and Asian markets. It is jointly organized by the Central Bank of Kenya and the Monetary Authority of Singapore and comes after a similar one in Singapore last year. “The festival, which is christened Fintech in the Savannah, draws inspiration from the third annual Singapore Fintech Festival that was hosted by the MAS in November of 2018,” said a brief from the organizers. “It shall bring together participants who include visionary speakers and icons drawn from across Africa, Asia and other parts of the globe to exchange ideas, forge partnerships and nurture thriving fintech ecosystems.”

  • World bank offers top SMEs Sh1.5bn:

The World Bank has offered Sh1.5 billion in grants to 750 businesses that will win in the 10-week online competition, MbeleNaBiz. Country director Carlos Felipe said the nationwide competition targets businesses that show potential to scale, generate profits for founders as well as new jobs for Kenyan youth. “Of the 850,000 jobs created last year, 83 percent came from the small and medium enterprises (SMEs) segment in Kenya. That means helping SMEs access credit could facilitate expansion, hence more jobs created as it happened in Nigeria where a similar programme saw nine jobs created in every SME we funded,” he said. Trade and Industry Secretary Peter Munya said thorough scrutiny will be done for SMEs that apply to participate in the competition with a view to selecting genuine start-ups that have for long missed growth targets due to lack of credit. Mr. Munya said collaboration between government and the private sector was key to the programmer’s success, adding that the competition will favour small enterprises whose activities are aligned to the Big Four agenda.

  • Logistics  firms Mombasa facility gets port status:

Marine logistics firm Comarco Group is set to have its 16-acre Mombasa facilities designated as a private port, a move that has seen the company secure a series of lucrative contracts. The company’s operations fall under the export processing zone (EPZ), allowing it to import equipment such as cranes and loaders duty-free besides receiving tax relief for repairs and maintenance of its vessels. The majority of the work being undertaken by Comarco has been outside Kenya and the company’s three subsidiaries –Comarco Properties (EPZ) Limited (CPL), Kenya Marine Contractors (EPZ) Limited (KMC) and Comarco Supply Base (EPZ) Limited (CSB) were set up to take advantage of incentives offered in the special economic zones. Comoro’s impending designation as a private port will now allow the company to import and export cargo for clients, making full use of its storage facilities. The company says in a trading update that it has obtained the consent of the Kenya Revenue Authority (KRA) to gazette its Mombasa port area as an entry and export area for customs purposes by the Commissioner of Customs and Border.

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