Hotpoint Appliances Ltd., electronics and home appliances distributors, has moved to its new KSh1.1billion offices’ block in Thika, outskirts of the Nairobi Central Business District. The new location will also house the company’s East Africa headquarters, distribution center and warehouses including bonded warehouse, service center, duct fabricating workshop and a brand experience zone. Located in the Sukari Industrial Estate off Thika Superhighway, the new state of the art facility will also serve the company’s operations in Tanzania and Rwanda. According to the Hotpoint Appliances Limited Managing Director, Mr. Shailesh R. Kanani, the move was necessitated by a growing demand for…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
French fuel storage and distribution company Rubis SCA has announced an ‘extensive reorganization’ after it acquired KenolKobil Ltd stations in Uganda and Rwanda. “The integration of KenolKobil is under way. The new team is embarking on an extensive reorganization of the acquired operations in order to bring them into line with Group standards,” it said in its first half of 2019 financial results. The integration will focus on internal control, organization, and governance. In its financial performance, Rubis said in Africa the volumes for the first half of the year incorporated KenolKobil over one quarter bringing volume growth in the…
Safaricom (NSE: SCOM) has invested an undisclosed amount in organising training programmes for its employees looking to shift to new digital careers. Known as the Digital Academy, the initiative caters to employees working in technology careers that are becoming automated. In the first phase that began early this year, Safaricom has already trained 60 of its staff and placed them in new roles. “Safaricom operates in a fast-paced environment where technology is ever-changing. Recent advances have automated sections of our network meaning that certain careers will soon no longer be necessary. At the same time, these changes are driving demand…
Estonian taxi-hailing firm Bolt will make passenger journeys carbon-neutral by offsetting the emissions from trips taken on the platform as part of its wider environmental strategy called ‘Green Plan’. The carbon-neutral initiative is expected to involve a multi-million euro investment which will continue to grow with the company. It will also make Bolt the largest ride-hailing platform in Europe to voluntarily commit to making its journeys carbon-neutral. The initiatives will be rolled out in African markets later this year. Markus Villig, CEO and founder of Bolt: “So while we look to reduce emissions by adding more shared and electric vehicles…
2019 Global $1 million Teacher Prize Winner, Peter Tabichi, met US President Donald Trump on Monday. Tabichi, a maths and physics teacher at Keriko Secondary School, Nakuru County, was described as an inspiration to the entire world by the White House. Press Secretary Stephanie Grisham lauded Tabichi’s commitment to helping the poor as commendable. “His dedication, hard work, and belief in his student’s talent has led his poorly resourced school in Kenya to emerge victorious after taking on the country’s best schools in national science competitions. Peter, you inspire us all! Thank you for your commitment to your students,” she…
Chief executives in Africa are less pessimistic about the future of the global economy citing political, social and economic threats to have increased uncertainty and decreased confidence in revenue prospects. The report further finds out that chief executives are less anxious about the broad existential threats like climate change and terrorism and are more concerned about the factors that impact the ease of doing business in the markets where they operate and those that impact the overall confidence and willingness to invest. Peter Ngahu, Regional Senior Partner for PwC in the East Africa Region, says: “In Africa, economic and policy…