Tropikal Brands Afrika, a leading manufacturer, and distributor of a wide range of household, personal care, and food products has launched Nutripro Family Porridge flour to address changing trends from consumers. “We are setting foot into familiar territory, and offering a refreshing twist to a well-loved staple food. We are pleased to present to Kenyan households a first-in-kind porridge flour mix, fortified with the widest range of micronutrients, uniquely blended to deliver a smooth cooking experience, and hygienically packed to eliminate contamination”, said Davies Mukuria, Tropikal Brands Afrika Managing Director. The flour has been milled from graded maize and millet…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
NIC Group managing director John Gachora will head the new outfit that will be formed out of the bank’s merger with Commercial Bank of Africa (CBA). In a joint statement, Gachora will be in charge of the management of the merged outfit while his CBA counterpart, Isaac Awuondo, will become chairman of the Kenyan banking subsidiary and maintain direct oversight over the digital business. “The merged group will operate under a new name and brand, which will be determined prior to concluding the merger. The combined entity’s board of directors and executive management team will also be well balanced between…
The Capital Markets Authority (CMA) has fined Nairobi businessman Mr. Rodrick Muhoro KSh 208 Million and banned him from the industry for 10 years following the conclusion of investigations with respect to the allegation of irregular trading of Government Securities in 2016 and 2017. “The authority has imposed a financial penalty of Kshs 208 Million being twice the amount of benefit Mr. Muhoro received from irregular trading and banned him from conducting bonds trading for a period of 10 years,” CMA announced in a statement. The Authority will refer the matter to the Director of Public Prosecution for consideration of…
Fuel Prices have increased further in new monthly rates announced by the Energy and Petroleum Regulatory Authority (EPRA). Super petrol will retail for KSh 5.43 more starting Wednesday, while those of diesel and kerosene have increased by KSh2.24 and KSh2.40 respectively. “The changes in this month’s prices have been as a consequence of the average landed cost of imported super petrol, diesel and kerosene. Super petrol rose by 11.39% from $620.54 to $691.25, diesel by 2.75% from $624.25 to $641.51 and kerosene by 2% from $662.55 to $675.55. The pump prices are inclusive of 8% Value Added Tax (VAT) in…
Internet of Good Things provides access to life-saving and life-enhancing information, free of data charges by Safaricom. UNICEF and Safaricom have launched the Internet of Good Things in Kenya – a set of information and resources which promotes living better and healthier. Internet of Good Things is a UNICEF-led initiative, currently accessible in over 60 countries and territories around the world, and helping to bridge the digital divide and build knowledge societies. Internet of Good Things as a platform hosts mobile-packaged content from UNICEF and its partners, designed to make life-saving and life-improving information available at no cost – even…
The Nairobi Security Exchange (NSE) on Tuesday admitted Homeboyz Entertainment Limited onto the Ibuka Program. The company became the first Kenyan entertainment company to join the program. “Today marks an important milestone for Homeboyz Entertainment Limited. As the region’s most influential entertainment company, the Ibuka program will play a significant role in inspiring your next phase of growth,” said Odundo Geoffrey, NSE chief executive. Ibuka is an incubation and acceleration program designed by NSE in 2016 for aspirational companies with growth prospects. Nine firms have been admitted since it was launched in December, including APT Commodities, Globetrotter Agency Limited, Moad…