Atlas Development and Support Services (ADSS), a firm that provides logistical support to oil and gas exploration companies, has been delisted from the Nairobi Securities Exchange following the closure of its operations. “The deregistration of the company in its country of incorporation under the Gurnesey laws and failure by the company to adhere to regulatory requirements from the year 2017 when the security of the company was suspended from trading on the NSE.” In a public notice, NSE said the delisting was effective April 25, 2019. In 2015, (ADSS) closed its operations in Kenya and placed its subsidiaries – Ardan…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Rubis SCA has appointed Jean-Christian Bergeron as chief executive officer of KenolKobil Group Ltd. replacing David Ohana. Bergeron’s LinkedIn page is updated as the chief executive of Rubis Energie East Africa. He states that he is an “Accomplished senior-level executive with a 30-year track record of successful leadership and proven performance within the petroleum industry.” He is a former chairman of Total Kenya Ltd. where he served for over 26 years.
The Chinese market will absorb over 40% of Kenya’s avocado produce, making it one of the largest importers of the fruit. Kenyan farmers will now export their popular hass avocados to China following a trade deal signed when President Kenyatta met his Chinese counterpart Xi Jinping in Beijing Thursday. The signing of the agreement which makes Kenya the first African nation to export avocados to the Asian nation with a market of over 1.4 billion consumers comes after a long and comprehensive approval process that included Chinese experts visiting Kenyan farmers. It is estimated that when the agreement is fully…
Nominations for the 14th edition of the Groove Awards Kenya are now open. The Groove Awards seek to promote, expose and celebrate Gospel Artists both in Kenya and East Africa. The submissions for nominations were unveiled on Friday 12th April and will close on 30th April 2019. Categories that artists will be competing for include: Hip hop Song of the Year Reggae/Ragga Song of the Year Hypeman/MC of the Year Breakthrough DJ of the Year Breakthrough Artist of the Year Rift Valley Counties Song of the Year Song of the Year Teens Choice Song of the Year Artist of the…
The Kenya Urban Roads Authority (KURA) will close the overpass at GSU headquarters at the junction of Thika Super Highway and Outeri ang Road for three months. The closure which will begin Monday 22 April until July 2019, will facilitate it’s construction to improve traffic flow at the overpass. “Thee Public is hereby notified that the Contractor shall close the overpass at GSU Headquarters as from Monday, 22nd April, 2019 till Thursday 18th July, 2019 (three months),” the statement read in part. Kura said alternative routes available for the motorists include: Thika bound traffic from Outering Ring Road will use Right…
The key boon of manufacturing is that it absorbs large swaths of workers and places them into productive and decent paying jobs. Manufacturing also opens avenues for new ventures by creating strong value chains to support main production. Small and Medium Enterprises (SMEs) are a crucial part of manufacturing in this country, due to their role in creating employment and bringing about innovation in the sector. A recent National Economic Survey report by the Central Bank of Kenya (CBK) indicates that SMEs constitute 98 percent of all business in Kenya, create 30 percent of the jobs annually as well as…