Author: Muindi

Browns Investments PLC, a Sri Lankan company, has reached an agreement to purchase part of James Finlay Kenya Ltd. except for the Saosa tea extraction facility. “We undertook a rigorous process when identifying a buyer for this unique business, prioritising what was best for James Finlay Kenya and its community,” James Woodrow, Finlay’s group MD, said. Browns Investments PLC was selected by Finlays as the preferred buyer because of its strong legacy of guiding its tea estates to continued growth, and its focus on doing so sustainably while supporting its workforce and local communities. “As part of the sales agreement…

OPPO, a leading global technology company, has launched the Imagine IF Photography Awards 2023, a mobile photography competition that pushes the boundaries of creativity beyond the limits of existing images and expressions. One of the Highest Prizes in the Mobile Photography Awards The vision of “Beyond the Image, Beyond Imagination” reflects OPPO’s commitment to driving progress through technological innovation and igniting users’ creativity worldwide. OPPO’s professional mobile photography technology is designed to inspire maximum aesthetics and inspiration, empowering non-professional users to create timeless masterpieces. As a testament to OPPO’s commitment to inspiring mobile photographers, the awards offer one of the…

The Kenya economy slowed in 2022, according to the statistics agency on the backdrop of prolonged dry weather conditions, general elections and elevated inflationary pressures. The Kenya National Bureau of Statistics said expansion in economic activity slowed by 2.8 per cent to 4.8 per cent in 2022 from 7.6 per cent in a similar period in 2021. “While the value of production in some sectors was high, volumes were below 2021,” KNBS Director-General MacDonald Obudho said. “2022 was marked by many negative shocks from the supply side. The persistent shocks which are still present, created permanent negative effects impacting economic…

Kenya has commenced the implementation of the Kenya Quick Response Code Standard 2023 (KE-QR Code Standard 2023), which aims to promote customer convenience and security. The standard will also support future interoperability among different payment service providers’ platforms. “The implementation of the Standard, and use of standardised QR Code-enabled payments, will bring practical benefits to businesses and customers. Customers will now be able to make digital payments in an easy, fast, convenient, and secure manner using QR,” said the Central Bank Kenya in an emailed statement.  Another milestone that will enable customers to make digital payments in an easy, fast,…

Loss-making power distributor, Kenya Power and Lighting Company (KPLC) has named Dr Joseph Siror as its new chief executive for a three-year term effective May 2. He replaces Geoffrey Muli, who has been the acting chief since May 2022. Prior to his appointment, Siror served as General Manager in charge of Technical Services (System Operations and Power Management) at the Kenya Electricity Transmission Company (KETRACO). “Dr Siror brings a wealth of experience, expertise, integrity and energy to the company. His time in the public sector as well as his training and knowledge will help provide Kenya Power with a fresh…

Prices of land in Nairobi reached an average price of Ksh 194 million per acre for the first quarter of 2023, the highest rate the market has experienced. The latest HassConsult index shows that year-on-year growth of land prices in the satellite towns increased by 8.08 per cent compared to a 1.42 per cent annual increase in land prices in the city with similar increases in Nairobi’s satellite towns up by 1.28 per cent over the quarter. “A renewal of development activity has been the driving reason for land price recovery and 10 out of 18 Nairobi suburbs now have…