More than 1,000 workers at Finlays Kenya will lose their jobs by December 25 after the flower company said it will close its Chemirei and Tarakwet farms. In a statement, General Manager Stephen Scott said the farm has been experiencing challenges from the external market leading to low returns. “It is no secret that in the last 18 months, the flower industry has been facing severe challenges… As a result, the directors have made the decision to close Chemirei and Tarakwet farms earlier than initially communicated. The final closure date will now be December 25,” the statement reads. All employees…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Britam Holdings Limited’s Margaret Kathanga has quit as chief executive officer and Principal Officer for General Insurance segment to pursue personal interests. “I would like to thank her for her contribution and leadership during her tenure. On behalf of the board of directors I would like to wish Margaret success in her future endeavor,” said Group managing director Benson Wairegi. The diversified financial service group has appointed Jackson Theuri, the current chief operating officer in an acting capacity. He currently serves as the Chief Operations Officer. Mr. Theuri holds a Bachelor of Commerce (Accounting) from Kenyatta University and is a…
Kenya’s President Uhuru Kenyatta on Wednesday commissioned the Ksh 50 billion Nairobi Expressway, a first of its kind in Kenya. The project is aimed at reducing traffic congestion within the city of Nairobi. The 18.586-kilometer road project will start at JKIA and terminate at James Gichuru, along Waiyaki Road, in Westlands. The expressway will be the first of its kind in Africa with unique design features that combine underpasses, overpasses, exits as well as a Bus Rapid Transit (BRT) component covering the entire stretch. An artistic impression of JKIA-Westlands expressway. The project, which will be financed through a Public-Private Partnership. President…
KQ enhancing the travel experience for its economy class passengers Economy class passengers that fly Kenya Airways are in for a treat. The Kenyan carrier has said it will be introducing an Economy Comfort seat, which is set to enhance customer comfort and experience. Economy Comfort features increased seat pitch of 9cm more than the average Economy Class seats. The Economy Comfort seats are located in the first three rows of Economy Class hence availing 27 seats per aircraft. Additionally, passengers traveling in these seats will enjoy more benefits such as a reserved overhead cabin for their carry-on luggage, special…
Toyota Kenya and Tyre Distributor Africa Limited (TYDIA), have entered into a partnership to enables the automobile firm to offer vehicle maintenance and repair, the supply of genuine parts and tyre services. Toyota Kenya Managing Director Arvinder Reel said through the partnership with TYDIA, a company incorporated locally as a joint venture between CFAO Group and Michelin Group, Toyota can now distribute Michelin tyres through the 31 service centres countrywide. “Through this partnership, we have the potential to offer tyre services support to our customers who visit our service centers monthly across the country, ” he added. Toyota Kenya is…
Kenya’s marathon world record holder Brigid Kosgei has been named one of the 11 nominees for the IAAF female athlete of the year. Other fellow Kenyan compatriots nominated include: Beatrice Chepkoech (3000 meters steeplechase) and Hellen Obiri (5,000 metres). Beatrice Chepkoech (KEN) – won world 3000m steeplechase title in a championship record of 8:57.84 – won Diamond League title – won seven of her eight steeplechase races Shelly-Ann Fraser-Pryce (JAM) – won world 100m and 4x100m titles in world-leading times of 10.71 and 41.44 – won Pan-American 200m title – won seven of her 10 races at 100m Katarina Johnson-Thompson…