Author: Muindi

Eastland Hotel, a well-known 4-star property located in Nairobi’s Kilimani area, has been placed under receivership by Equity Bank Kenya. The move follows growing financial pressure across Kenya’s real estate and hospitality sectors, which continue to register high levels of non-performing loans. Joint Receivers Appointed In a notice dated September 11, 2025, Equity Bank announced the appointment of Kamal Anantroy Bhatt and Jai Kamal Bhatt of Anant Bhatt LLP as Joint Receivers and Managers of Eastland Hotel Limited. “The Receivers have full authority over the company’s assets and operations. Any dealings without their written consent will be considered unlawful,” the…

Mantrac Kenya, the authorised dealer for Caterpillar equipment, hosted a centennial event in Nairobi to mark 100 years of Caterpillar’s global operations and its presence in Kenya. The gathering included government officials, diplomats, company executives, customers, and media representatives, highlighting Caterpillar’s long-standing role in Kenya’s infrastructure and energy sectors. Remarks from Leadership Tom Mboya moderated the event, which opened with a speech from Mohamed Ibrahim, Managing Director of Mantrac Kenya. “Caterpillar has played a role in Kenya’s development for a century. Mantrac is committed to supporting the next phase of growth.” Nigel Lewis, Chief Operating Officer of Mantrac Group, reflected…

Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), the continent’s largest dam, has begun generating electricity, marking a major milestone in the country’s energy development strategy. Located on the Blue Nile, the dam stretches 1,800 meters wide and stands 175 meters high. It is capable of holding back up to 74 billion cubic meters of water, forming a reservoir that covers an area larger than the city of London. Expanding National Grid Capacity Since early 2022, GERD has been producing renewable hydroelectric power. Once fully operational, the dam is expected to more than double Ethiopia’s current electricity generation capacity. “This project is…

The Safaricom Chapa Dimba All-Stars Team departed Nairobi on Saturday evening, 6th September, for a week-long international training camp in Huesca, Spain. The squad comprises 25 standout players selected from across Kenya, chosen for their exceptional talent and potential to break into professional football. In total, 32 players were named to the All-Star roster. While 25 will travel to Spain, the remaining seven have already secured call-ups to national and international clubs—underscoring the program’s growing reputation as a launchpad for elite football careers. “Chapa Dimba has always been about opening doors of opportunity for Kenyan youth, and today, we are…

Hounen, the multinational real estate developer and solar energy manufacturer, has unveiled plans for over 63,000 square meters of new developments at Tatu City Special Economic Zone (SEZ), marking its official entry into Sub-Saharan Africa. The company, whose portfolio spans China, Indonesia, Cambodia, and the United States, has selected Tatu City as the strategic hub for its African operations, citing Kenya’s investment-friendly climate and the SEZ framework. “Over the last two decades, Hounen has charted an ambitious path of growth in Asia and the United States,” said Jufang Lyu, Founder and Chairwoman of Hounen, during the signing ceremony. “Our entry…

RUBiS Energy Kenya has deepened its national presence with the launch of two new service stations in Eldoret: RUBiS Iten Road and RUBiS Champions Mall. The expansion is a strategic investment in the North Rift region, reinforcing the company’s commitment to delivering world-class energy solutions to Kenya’s key economic corridors. Presiding over the launch event, Olivier Sabrié, CEO of RUBiS Energie East Africa and Group Managing Director of RUBiS Energy Kenya, emphasised the company’s long-term vision: “Our continued investment in Kenya is driven by a deep confidence in the nation’s economic trajectory. Eldoret, as the dynamic heart of the North…