QuickMart, a Kenyan homegrown supermarket on Friday strengthened its footprint in the North Rift of Kenya replacing cash strapped Tuskys at Eldo Centre Mall in Eldoret. The outlet becomes its 40th branch in the country and it’s the first in Uasin Gishu County. Located along the busy Uganda road, QuickMart Eldo Centre covers 60,000 square feet and will carry a full range of retail products and services from foodstuffs, electronics, and household goods. https://twitter.com/QuickmartKenya/status/1375377579780280321?s=20 The malls’ first occupant was Nakumatt Holdings supermarket which closed its doors in November 2017.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The Kenyan government has made it mandatory for international travellers to carry a negative PCR test report not older than 72 hours prior to arrival. “That all persons coming into the country must be in possession of a negative COVID-19 PCR Certificate, acquired no more than 96 hours prior to arrival into the Country; with the PCR Certificate also having been validated under the Trusted Travel platform for those travelling by air,” President Uhuru Kenyatta said Friday. The new measures are a result of a sharp rise in COVID-19 cases in the country. However, international travel will continue under existing…
MultiChoice Kenya and Azuri Technologies have announced a partnership to bring DStv content to off-grid households in Kenya. They were the first to launch a complete pay-as-you-go solar TV package in Kenya. The partnership bundles Azuri’s TV400 product, the 32” solar-powered TV and household energy solution, with the DStv HD decoder to offer customers access to entertainment, local and international news, documentaries, and educational content. “By expanding the choice of content available to even off-grid customers, we are taking another step in shrinking the gap between households with and without the grid,” Simon Bransfield-Garth, CEO of Azuri said. Azuri’s comes…
Equity Bank Tuesday signed a $100 million (Ksh 10.9 billion) loan agreement with Africa Development Bank (AfDB) to support its expansion across Eastern and Central Africa. The financing will be used to enhancing its ability to serve small and medium enterprises (SMEs as it grows. This is the lenders’ sixth tranche for Equity Group after having signed a $50 million USD (Kshs 5.5 Billion) loan facility with IFC in September; a $100 million USD (Ksh 11.0 Billion) from Proparco in October and a EUR 125 million (Kshs 16.5 Billion) loan facility with the European Investment Bank, a US $100 Million…
Kenya’s biggest bank group KCB said on Tuesday it was presented with the Global Finance Award by the Global Finance Magazine during their 28th annual awards for the World’s Best Banks. The lender said this is the third year in a row it has been recognised for its robust market presence in the East African region, and its digital innovation to drive financial inclusion. “With such recognition, we are constantly motivated to continue putting in the effort to ensure we can serve our customers to the best of our abilities,” KCB Group CEO and MD Joshua Oigara said. Global Finance,…
Umeme Limited, Uganda’s main electricity distribution company, says it expects to post a net profit decline of up to 60% for the year ending 31 December 2020. In 2019, the company recorded a net profit of Ushs 139 billion ($37.88 million). It attributes the expected decline to the effects of COVID-19, regulatory lags and a suspension of the state’s free connections policy. “The reduction in profitability is attributed to the effects of the Covid-19 pandemic, regulatory lag, and suspension of the Government’s free connections policy.” The Company’s operations include operating and maintaining an electricity network, meter reading, billing, revenue collection…