Author: Muindi

Kenya Airways has set an ambitious target to grow the contribution of cargo to its business from seven to 20% over a five-year period. This is after it unveiled its first fully repurposed passenger Boeing 787  Dreamliner into a “Preighter” with a carrying capacity from a minimum 30 to 56 tons.  This is through KQ’s partnership with Avianor. The term preighter was coined in the pandemic to refer to passenger aircraft converted to carry cargo. KQ Cargo Preighter is timely as it enhances JKIA’s cargo capacity and ability to handle transshipments of Covid-19 vaccines. https://twitter.com/KenyaAirways/status/1358686438485803010?s=20 “This is another avenue for…

Stanbic Bank Kenya has named world marathon record holder Brigid Kosgei as their brand ambassador for a period of two years. The marathon queen will drive Stanbic Bank’s new brand positioning dubbed “It Can Be,” aimed at inspiring and encouraging both the internal and external stakeholders to dream big and achieve their goals. “Through its women proposition DADA, the bank continues to proactively invest in women and their businesses for a more equitable and progressive society,” Stanbic Bank Kenya chief executive officer, Charles Mudiwa said Thursday. Mudiwa also explained that through various financial and non-financial offerings, the bank has managed…

Uchumi Supermarkets is adopting a weekly SME and farmers business model of leasing out space from Ksh. 2,500 to Ksh. 10,000 at its Langata outlet. The retailer says it is targeting farmers who sell fresh produce alongside small and medium enterprises (SMEs) to be able to generate income. “The weekly SME Market is designed specifically for the interest of small and medium enterprises, allowing both exhibitors and visitors alike to forge new business opportunities,” Uchumi’s CEO Mohamed Mohamed said on Saturday. Mohamed says it will serve as a  platform for networking and product showcasing, the event aims to give existing…

Sidian Bank sponsors 2021 6th annual KUSCCO’s leadership convention Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco) has signed half a million-sponsorship deal with Sidian Bank aimed at supporting co-operatives and accelerating post-pandemic recovery. This sponsorship will support Kuscco’s sixth Annual Sacco’s Leaders convention. Sidian Bank has fronted its institutional banking which has contributed to the growth of co-operatives by offering Term deposits, Individual accounts for the members and credit facilities to co-operatives and its members. “As the country is adversely affected by the Covid-19 pandemic, we as a bank have also ensured that we offer solutions to our…

French’s largest retailer Carrefour has opened its 10th Kenyan store at the Nextgen Mall along Mombasa Road in Nairobi. The new store occupies 1,800 square feet replacing Arabian retailer Souk Bazaar targeting customers in South B, South C, and Diamond Park estates. “It’s finally here! The new Carrefour is now open at the Nextgen Mall. Bring your friends and family for the same quality products and unbeatable prices,” said the retailer on its social media page Monday. https://twitter.com/CarrefourKe/status/1356113669176889344?s=20 Carrefour, whose local franchise is held by Dubai-based conglomerate Majid Al Futtaim plans to open two more branches at the Coastal region…

KCB Bank Kenya Limited MSME customers in need of cheap loans to help address their cash flow challenges have a sigh of relief after the lender announced a discounted loan facility for them.  “This facility will enable these MSMEs to restart and rebuild as the pandemic-related restrictions continue to be lifted and recovery persists,” said Annastacia Kimtai, Director Retail, KCB Bank Kenya. “These business enterprises are the lifeblood of our economy; we are going the extra mile to ensure they are adequately financed to weather these testing times and contribute to economic recovery and growth.” The beneficiaries will receive financing…