Posted by Jambo on August 23, 2015 · Leave a Comment
As Kenya carrier Kenya Airways crawls to a limp, Ethiopia Airlines is surging ahead with expansion plans. The Ethiopian carrier has enjoyed a growing customer base which enabled it to record $2.4 billion (Sh240 billion) in revenue in the 2014-2015 financial period. The profits for the carrier were at $175 million (Sh1.75 billion) while Kenya Airways recorded a loss of Sh25.7 billion ($274 million) The carrier now wants to expand further, and is looking towards Eastern Asia.
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Posted by Jambo on August 23, 2015 · 1 Comment
IN SUMMARY Cost of land in suburbs and satellite towns around Nairobi is on the up and up. Price guide Upperhill – Sh493 million per acre Westlands – Sh380 million per acre Parklands – Sh386 million per acre Kilimani – Sh410 million per acre Ngong avenue – two-acre piece of land between 2nd and 3rd avenue Ngong road for Sh1.2 billion. CBD- Sh3.015 billion for an acre Lavington – A seven-bedroom house in Lavington listed by realtors Villa Care is asking for Sh550 million. The home is built on 0.75 acres. Mombasa road – Land along Mombasa Road, which would…
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Posted by Jambo on August 23, 2015 · Leave a Comment
A deal struck by President Uhuru Kenyatta and his US counterpart Barack Obama in July to increase validity of visa will kick off at the end of the September. In an announcement made on Thursday, the US Embasssy in Nairobi said this increased validity will cover tourist business and student visas. “The United States and the Republic of Kenya are scheduled to jointly increase the validity of short-term business/tourist visas and student visas issued to each other’s citizens on September 22, 2015,” the announcement said. This means Kenyan applicants who qualify for non-immigrant visa will be eligible to receive a…
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Posted by Jambo on August 20, 2015 · 1 Comment
Kenyan economist James Shikwati has won the Walter-Scheel-Prize 2015 for Commitment to Development Cooperation. The 45-year-old founder of the Inter Region Economic Network (IREN) won the prize for his work focusing on aid to Africa. Mr Shikwati’s work focuses on the need for Africa to take individual initiative in development matters, expand entrepreneurship opportunities to allow exploitation of its vast resources and the importance of investments. The prize, named after former German President Walter Scheel, is given to individuals and organisations providing particular services towards development in society. Mr Shikwati is also the country director for Students in Free Enterprise…
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Posted by Jambo on August 19, 2015 · Leave a Comment
In the last five years, there have been indications that Kenya is going global. The most obvious sign has been the increasing business interest from international brands looking to set up in Africa and choosing Nairobi as a destination and launch pad. Developments in the real estate sector have put into perspective just how sought after Kenya is. One of the latest developments is Two Rivers, arguably the biggest construction project in East and Central Africa. On completion, the 102-acre project will become the second destination mall in Nairobi. The first is the 32-acre Garden City, which completed its first…
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Posted by Jambo on August 12, 2015 · Leave a Comment
Kenya is fast becoming the undisputed hotbed of technology. With apps and innovations that have literally changed the way in which we live, transact and engage, we are the de facto Silicon Savannah of Africa. Renee Ngamau talks to US based Kenyan Kim Muhota about one such app known as Plurro. Think bargaining with Mama Mboga taken to a whole new level. Kim Muhota, the founder and CEO of Plurro, and who lives in Washington, DC now hopes to make the shopping experience even more convenient, and is promising merchants better value. “ Plurro is a mobile-based app that allows…
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Posted by Jambo on August 11, 2015 · 1 Comment
NAIROBI: For many consumers, finding bargains or special offers is a large part of the reason the shopping or dining experience is either a lot of fun or a chore. e-Commerce sites such as Jumia and Olx have helped ease the process, with consumers no longer needing to walk from shop to shop looking for deals. Kim Muhota, the founder and CEO of Plurro, now hopes to make the shopping experience even more convenient, and is promising merchants better value. “ Plurro is a mobile-based app that allows consumers and business to leverage on crowd sourcing,” he said. “For example,…
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Posted by Jambo on August 8, 2015 · 1 Comment
The partnership between Kenya Airways and KLM has plunged the entities into losses in the last three years, a Senate inquiry was told yesterday. Kenya Airways CEO Mbuvi Ngunze said that the deal has not been making any money for the national carrier due to a drop in the number of travellers in the shared routes. The partnership has come under scrutiny following the Sh26 billion loss suffered by Kenya Airways in the last financial year. Appearing before a Senate committee investigating the problems facing the carrier yesterday, Mr Ngunze said that the partnership, however, protected the company from feeling…
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Posted by Jambo on August 6, 2015 · Leave a Comment
Kenya has suspended a multi-million shilling marketing communication deal with Cable News Network (CNN) in the latest sign of an escalating row with the American news channel over a recent terrorism slur. The Kenya Tourism Board (KTB), a State agency that markets the country’s attractions, said the move was necessary to avoid backlash from Kenyans angered by the “misrepresentation on the country’s security status”. “Some narrative adverts were already running on CNN as we planned launch of above-the-line TV campaigns with them but we suspended all of that,” said CEO Muriithi Ndegwa on Thursday. The CNN caused a storm after…
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Posted by Jambo on August 6, 2015 · Leave a Comment
When Pewin Cabs was started in 2008, the proprietors’ goal was to create an efficient taxi service where technology would ease and automate operations like vehicle bookings. Seven years down the line a majority of the company’s bookings are still made through telephone calls despite the firm unveiling a mobile app and a web portal as alternatives. Kenyans may love technology but few are ready to embrace a fully automated service in the taxi business — human interaction is still greatly valued. However, the old way of doing things seems to be working for the company whose fleet of 140…
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