Author: Muindi

China Square, a leading international retailer, has opened its fourth store in Kenya, located at Nyali Bazaar Mall in Mombasa County. The new store offers a wide range of affordable products, including appliances, furniture, stationery, and home decor. This expansion marks China Square’s continued growth in the Kenyan market. The new store is expected to create job opportunities and stimulate economic activity in the Nyali area. “Additionally, the entry of a large retailer like China Square may drive up demand for retail spaces in the area as smaller businesses seek to establish nearby to tap into the increased foot traffic…

The National Research Fund (NRF) has announced the recipients of the inaugural National Outstanding Research Awards at the closing ceremony of the Kenya National Research Festival 2024. Winners of the National Outstanding Research Awards Professor Mary Abukutsa-Onyango: Recognized for her work in agricultural sciences, focusing on indigenous vegetables and plants. Dr. Oscar Omondi Donde: Honored for his contributions to environmental sustainability, particularly water resource management and ecosystem health. Christine Wayua Musyimi: Celebrated for her innovative research in community mental health. Eng. Aggrey Shitsukane Shisiali: Acknowledged for his expertise in electrical and electronics engineering and TVET. Lifetime Research Awards Professor David…

Safaricom Investment Co-operative (SIC) has received approval from the Ministry of Cooperatives and MSMEs to adopt a new brand identity. This strategic move aims to enhance the Society’s operations and align with evolving market trends. The rebranding was approved by SIC members during a Special General Meeting as part of the Society’s 2023-2027 strategic plan. According to SIC Chief Executive Officer Churchill Winstones, the rebranding will provide a more modern and consistent experience for members. “This rebranding is a significant step in our journey to position SIC for future success. We are excited to introduce our new brand identity and…

Human Mobile Devices (HMD) has announced a new three-year partnership with FC Barcelona, one of the world’s most prestigious football clubs. The announcement was unveiled through a creative social media video on HMD and FC Barcelona’s channels. The video showcases FC Barcelona star Lamine Yamal sporting an intricate hairstyle featuring the club’s crest alongside the HMD logo, shaved by his hairdresser Saul Peregrina. This two-hour masterpiece symbolizes the new partnership and offers a glimpse of the sleek Blue Topaz HMD Skyline smartphone, highlighting both brands’ commitment to innovation and style. Building Brand Awareness Through a Global Sports Giant This partnership…

Assets from the former InterContinental Hotel in Nairobi will be auctioned on August 29, 2024. The auction will be conducted by Garam Investment Auctioneers. “Duly instructed by the Kenya Hotel Properties PLC, we shall sell the undermentioned goods belonging to the former InterContinental Hotel located off Parliament Road on Thursday, 29th Day of August from 11 am,” the Auction notice reads in part. Items for Sale Cold rooms Reception counters Fridges Chillers Workstations Roof fans Exercise machines Massage beds Weighing scales Jacuzzi Lockers Sporting tables Dryers Washing machines Steam pressers Sinks and tables Cookers Kitchen hoods Wall shelves Lockers Dough…

The National Bank of Kenya (NBK) reported a profit after tax of KES 839 million in the first half of 2024. This was a significant recovery from a pre-tax loss of KES 3.8 billion in the same period last year. Pre-tax profit surged to KES 1.1 billion, driven by a 20% increase in net operating income. Non-funded income contributed 26% of total operating income, showcasing NBK’s successful strategy. Total assets grew marginally to KES 153 billion. Despite a temporary decline, customer deposits closed at KES 102 billion. Charges decreased by 9%, reflecting improved credit management. NBK is optimistic about its…