Author: David Indeje

Big Square, a fast-food retail chain, opened its second branch outside Nairobi, in Eldoret, at Rupa’s Mall.  This brings the total number of stores operated by the retail chain to 12. It has 10 stores operating in Nairobi, and one in Mombasa.  Big Square has branches in Westlands, Karen, Lavington, Gigiri, Kilimani, Thika Road, Lang’ata, Ngong Road and Mombasa Road. “On matters expansion, the current pandemic has affected the hospitality industry. Even as we work on increasing our footprint in Nairobi and out of Nairobi, we’re taking caution on when and where we open new outlets,” said Carolle Kariuki, Marketing…

The Fédération Internationale de l’Automobile (FIA) has announced that the once-postponed Kenya’s Safari Rally will be held on June 24-27, 2021. FIA announced the dates during its third meeting of the year of the World Motor Sport Council hosted by FIA President Jean Todt.  Initially, it was scheduled to be held between July 16 and 19 2020 but was postponed due to the Covid-19 pandemic.    The Safari Rally was scheduled to be the eighth round of the 13-event WRC series.  This year, only three events, Monte Carlo, Sweden, and Mexico have been held. Kenya was readmitted to the World Rally…

The number of internet subscribers in Kenya increased to 40.9 million between April and June a growth rate of 5.1 percent according to the latest industry report from the Communication Authority of Kenya (CA) released Friday.   The Communication Authority attributed the rise to increased demand for access to information online during the pandemic period. “With the COVID-19 pandemic, many consumers continue to adopt video-conferencing services as they work from home, access online entertainment, and streaming video-on-demand services,” says the CA.  In the report, internet subscriptions increased to 40.9 million in the second quarter from 38.9 million. In addition, the number…

Competition Authority of Kenya (CAK) has authorized KCB Group to acquire certain liabilities of the Imperial Bank worth Ksh 31.7 billion. Through Gazette Notice No. 8038, CAK says the proposed transaction entails the transfer of various listed assets, including outstanding deposit balance amounting to Ksh 331.7 billion, loans and security portfolios together with all rights, titles, and interests. KCB Group which is Kenya’s biggest lender acquired assets valued at Ksh 3.2 billion and assumption of liabilities of the same value of Imperial Bank effective June 2, 2020. In September, it commenced payment of funds to remaining eligible depositors of Imperial…

The 50th Edition of Concours d’Elegance will be held on September 26, 2021, at Nairobi’s Ngong Race Course. This annual series organized by the Alfa Romeo Owners Club cancelled the 2020 edition due to the COVID 19 pandemic.  “It is likely that the motorsport calendar for 2021 will be nearly a replica of what it should have been this year had the disruption not occurred. Accordingly, the Alfa Romeo Owners Club anticipates that the Golden Jubilee Africa Concours d’Elegance will be listed for September 26th, 2021,” Peter Wanday, Chairman Alfa Romeo Owners Club and Bob Dewar, Concours d’Elegance Event Organiser…

Rubis Energy, the French Oil distributing Company, on Wednesday launched its operations in Kenya with expectations to be a driving force in the development of Liquefied petroleum gas (LPG) in the country.   This is after it acquired KenolKobil Plc and Gulf Energy Holdings Ltd becoming a leader in the Kenyan oil industry with a market share of over 21 percent and a network of more than 230 service stations.  Total Kenya and Vivo Energy Kenya have a market share of 16.4 percent and 16.2 percent respectively. “We decided to enter the Kenyan market based on the region’s high growth potential…