Author: Muindi

Naivas Supermarket, a leading retail chain store in Kenya, opened its 99th outlet as part of its ‘Road to 100’ expansion strategy. 🎉Duka letu la 99 hapa Tudor, Saba Saba (Mombasa) sasa lilefunguliwa rasmi! 🛒Karibuni shopping, offers ni kem kem! Umefika au uko njiani?#AsanteKenyaAsanteTudor #Roadto100 pic.twitter.com/fN2xHtnTYO — Naivas Supermarket (@naivas_kenya) October 5, 2023 The new store is strategically located along Ronald Ngala Street in Tudor, Sabasaba, within Mombasa County. This move is part of Naivas’ ambitious plan to enhance shopping accessibility for its customers. By offering convenience, the retailer aims to cater to the evolving preferences of consumers. The new…

In September, Kenya’s private sector saw a downturn, largely due to inflation and escalating fuel costs. These factors diminished consumer demand and led to a pessimistic outlook. This is according to the Stanbic Bank Kenya Purchasing Managers’ Index (PMI), which fell from 50.6 in August to 47.8 in September. A PMI above 50 signifies growth, while a score below 50 indicates contraction. Despite the promising growth in August, where the PMI exceeded 50 for the first time since January, rising from 45.5 in July to 50.6, the latest figures suggest a worrying trend for Kenya’s private sector. “Elevated inflationary pressures…

Amazon Web Services, Inc. (AWS), a subsidiary of Amazon, has inaugurated a new African Development Centre in Kenya.  This is the second AWS hub in Africa, with the first one situated in Cape Town, South Africa. The Development Centre will serve as a base for AWS Research & Development teams, creating numerous highly skilled jobs in software development, cloud support, and software engineering.  The new Amazon Web Services African Development Centre is located at Riverside Drive in Nairobi. Uwem Ukpong, Vice President of Global Services at AWS, stated that this centre would allow the local market to access an incredible…

Seven out of ten Dalberg partners from across Africa and the Middle East are now trading as Axum, an Afrocentric impact firm. Axum’s leadership brings over 100 years of experience establishing, building, and running successful advisory organizations worldwide, including serving clients across more than 50 countries in Africa and the Middle East. Edwin Macharia, Managing Partner at Axum, said: “We firmly believe that the best way for our work to have a positive impact is to put African and Arab people, leaders, and institutions at the centre of project design, decision making, and delivery. “Axum will not seek to impose…

The Central Bank of Kenya (CBK) maintained the interest rates at 10.5 per cent, contrary to expectations. This was attributed to an improved core inflation rate, which was recorded at 6.8 per cent in September, falling within the government’s targeted range of between 2.5 and 7.5 per cent. This is the second consecutive time that the Monetary Policy Committee (MPC) has left the Central Bank Rate (CBR) unchanged. The CBK expects an improved food supply supported by the ongoing harvest and a tax-free import window opened by the government. CBK governor Kamau Thugge stated in the MPC statement that, “In…

Netflix, a video streaming service, will no longer offer its free subscription plan to Kenyan users, a significant change in its business model. Effective November 1, 2023. The free plan was a groundbreaking initiative by Netflix, with Kenya being the first country globally to benefit from such an offer. The free plan allowed users to access a limited range of content without requiring a paid subscription.  Users will now have to transition to one of the platform’s paid plans, with prices starting at KES 200 per month. This strategic shift aligns with Netflix’s global strategy of expanding its presence and…