Author: David Indeje

LG Electronics (LG) has increased its market share in the East African region with a new store in Nairobi, Kenya.  Located at Thika Road Mall (TRM) the store projects to increase its sales backed by technical expertise before and after-sales to attract and retain customers.  https://twitter.com/LGE_EastAfrica/status/1438131393058508804?s=20 The new outlet brings to four the number of Brandshops in partnership with its distributor Opalnet. Other stores are in Nairobi at Kenrail Towers & Adlife Plaza respectively and one in Mombasa along links Road Nyali. LG Electronics East Africa Managing director Sa Nyuong Kim said the growing demand for home appliances is putting…

Chevron Brands International LLC (Chevron)  has signed have signed a long-term license agreement with Manufacturing Limited (AML) of the Tristar Group for the production, distribution, and marketing of Caltex TM lubricants in East Africa. The deal strengthens Chevron’s presence in East Africa. According to the agreement, the existing relationship with Africa Fuels & Lubricants Ltd (AFAL), also of the Tristar Group, seeks to leverage the synergy of Caltex’s strong brand strength and AML’s extensive market reach to successfully carve out a share in the competitive East Africa lubricants market. “This new agreement also includes lubricants blending options for future expansion,”…

As the coronavirus pandemic wreaked havoc on economies and livelihoods, 31 million more people were pushed into “extreme poverty”, according to The Bill & Melinda Gates Foundation fifth annual Goalkeepers Report. The report provides a snapshot of progress against the United Nations sustainable development goals. However, despite the challenges of millions of more people confronting poverty and economic inequities, there is optimism on the ability of governments and individuals to persevere in the midst of the pandemic. “In so many ways, the pandemic has tested our optimism. But it hasn’t destroyed it,” Bill Gates and Melinda French Gates, co-chairs of…

For the first time ever, after fuel prices remaining unchanged for the fourth consecutive month, prices shoot up in the latest review by Kenya’s Energy and Petroleum Regulatory Authority. Effective October 14, 2021, a litre super petrol will retail at KSh7.58, KSh7.94 for a litre of diesel, and KSh12.97 for kerosene. Consequently, Super Petrol, Diesel, and Kerosene will retail at KSh134.72, KSh115.60, and KSh110.82 per litre respectively in Nairobi. The impact is felt as a result of the state not drawing from its fuel price stabilization fund established in June by the National Treasury. The Ksh 1.4 billion fund was…

Khetia Drapers Ltd., a fast-growing Kenyan company, says it is consolidating the management of Society Stores under one roof to unlock value and accrue synergy benefits for the business. This is one of the latest consolidation moves within Kenya’s retail sector.  The company said the two entities have existed under one family umbrella since inception and they felt “it is time to bring everything under one’ creating one large national chain which will have more than 20 outlets making a combined turnover among the top 5 in the Kenyan retail industry. “The above will also lead to economies of scale…

Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots, a World Bank report has found. The report calls for urgent action to reduce global emissions and bridge the development gap. The second part of the Groundswell report, published on Monday, examines how the impacts of slow-onset climate change, such as water scarcity, decreasing crop productivity, and rising sea levels, could lead to millions of what the report describes as climate migrants by 2050 under three different scenarios with varying degrees of climate action and development. The new Groundswell…