Uchumi Supermarkets has begun implementing the franchise as a viable means to growth given its strong brand value. The struggling retailer on Tuesday announced a five years deal with local traders to operate its Nairobi West branch. CEO Mohamed Mohamed said franchising is among its strategic moves towards recovery. “Franchising of this branch marks an important milestone for Uchumi Supermarkets. We plan to franchise other stores in addition to cost leadership initiatives,” said Mohamed in a statement. READ: Uchumi Supermarkets Board Approve Deal to Cut Debt by Voluntary Arrangement Last year, Mohamed said they can unlock their super brand value…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya Airways will increase the capacity on its Kisumu and Mombasa routes by 5 and 6 flights respectively during the Easter holiday as a result of ‘the very high demand for travel’. The airline will upgrade a total of 6 flights to operate the Boeing 787 Dreamliner on the Nairobi-Mombasa route; 2 flights on Thursday 18th April, 1 flight on Good Friday, 1 flight on Easter Sunday and 2 flights on Easter Monday. Kenya Airways will also schedule an additional flight to Kisumu on Thursday 18th and Monday 22nd April operating the Q400 aircraft. This will increase the number of…
The Kenya Film Classification Board has banned viral song Takataka by upcoming rapper Alvindo. Ezekiel Mutua, the KFCB Board Chair said the song was not only degrading to women, but it could also be summed up as “trash”. “The KFCB has made a decision to restrict the song Takataka by Alvin aka Alvindo. The song produced by Fast Cash MusicKe is restricted due to its obscene and degrading lyrics that advocate for violence against women by equating them to trash,” a tweet from the KFCB boss said. https://twitter.com/EzekielMutua/status/1118087224443015168 Mutua further disclosed that the song had never been submitted to the…
Changes in the application process for foreigners wishing to work in Kenya to have a work permit approved and issued before they can travel to take up their assignment in the country has had a negative impact on the real estate sector. This change in the law “Triggered a new uptick in international departures, which by the first quarter of 2019 had resulted in significant falls in the sales prices and rents of top-end detached houses, which fell by 4.4% and 4% respectively in the first 12 weeks of the year,” said Sakina Hassanali, Head of Development, Consulting and Research…
NIC Ventures, a subsidiary of NIC Group, in partnership with Masterpiece Fusion, launched a service ‘BeeDee’ for a convenient, quick and efficient self-service process to respond to the strong demand for trade finance. The new system involves a one-off registration besides eliminating the need for an individual to belong to a bank or a network to access bid bonds. It also curtails delays due to unprocessed payments. The service is available to both customers and non – customers seeking to quickly request for and receive bid bonds. “With this service, no one should be disqualified for delayed or late submission…
Fuel prices have been increased across major cities in Kenya according to the latest review by the Energy Regulatory Commission. The energy regulator announced on Sunday, Super Petrol, Diesel and Kerosene in Nairobi will increase by KSh5.25, KSh5.52 and KSh2.76 per litre respectively. The new prices will be in effect from April 15 to May 14, 2019. The ERC said the prices increase have been as a consequence of the average landed cost of imported Super Petrol increasing by 9.14% from US$568.55 per tonne in February 2019 to US$620.54 per tonne in March 2019. https://twitter.com/energy_ke/status/1117444225715593218 Kerosene also increased by 1.88%…