Smartphone maker Xiaomi has opened its first store in Kenya at Nairobi’s the Hub Mall Karen aimed at complementing its online presence and boost its sales locally. Xiaomi East Africa, Sales Manager, Mr. Yao Shaofei said that they are excited to open their flagship store in Africa and in Nairobi. “Kenya is the gateway to Africa and we are very pleased to open our flagship store here as we debut our quality affordable mobile devices in Africa.” He spoke when they partnered with Aspira, a product-financing service provider that enables Kenyans to live their best life by buying products now…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Nestlé has created unique chocolate made entirely from the cocoa fruit, using the beans and pulp as the only ingredients and therefore not adding any refined sugar. Nestlé plans to introduce the first product in Japan in the autumn of this year through its KitKat Chocolatory. Further products in other countries will follow next year, through some of Nestlé’s most popular confectionery brands. Patrice Bula, Head of Strategic Business Units, Marketing, and Sales at Nestlé, said: “We’re proud to bring chocolate lovers new chocolate made entirely from the cocoa fruit without adding refined sugar. This is a real innovation which…
The Central Bank of Kenya (CBK) is forecast to cut interest rates when its Monetary Policy Committee meeting to make a decision on the direction of the Central Bank Rate (CBR) on July 24, 2019. Commercial Bank of Africa analysts say the tame inflationary pressures coupled with the output gap should limit any scope for monetary tightening. “On the other hand, prospects of easing may be dented by prospects of pervasive outcome where easing causes markets to instead tighten. Therefore, the CBK may keep the CBR on hold unless parliament approves the reversal of the interest rates cap, restoring efficacy…
Governors have accused Kenya’s National Treasury and the National Assembly of holding counties hostage when they filed a petition at the Supreme Court to seek interpretation on the Division of Revenue Bill 2019. CoG chair Wycliffe Oparanya said that the county governments have witnessed an onslaught on devolution saying that it was being undermined through formulation and enactment of centralist policy and laws. “In this second term, devolved governance is being attacked by denying county government their resources. The National Treasury continues to hold counties hostage by always deviating from the Commission of Revenue Allocations recommendation by constantly denying disbursement…
The Kenya Tourism Board (KTB) boosted the country’s tourism sector during the UK premiere of ‘The Lion King’ in Leicester Square on Sunday. At the red carpet, Magical Kenya’s brand logo was displayed where A-listers from across the globe flocked and posed for photos. “Kenya’s magic is in the air at the London premiere of #TheLionKing,” Tweeted KTB on its official account. “#TheLionking movie was largely inspired by the diverse landscapes and abundance of wildlife in #MagicaKenya’s National parks and Reserves. This Affirms Kenya as the undisputed home of safari and Adventure.” https://twitter.com/magicalkenya/status/1150483182556450818 Among the many stars in attendance were…
Business coach and trainer, TriciaBiz has launched an online business school, Business Lab Africa with the aim of helping entrepreneurs in Africa succeed in business. The school, which offers a new approach to learning, is subscription-based and is geared towards providing quality content at a price MSMEs can afford. According to its management, not only is BLA easily accessible via mobile or web, it also offers knowledge that is practical, qualitative and locally relevant. Courses on the BLA curriculum, are taught by business experts from around the world covering a wide range of business subject areas including Marketing, Sales, Global…