Author: Khusoko

The Competition Authority of Kenya (CAK) has approved the sale of Crowne Plaza Nairobi Hotel by Golden Jubilee Limited to a pan-African hospitality fund, Falcon NBO. In addition, it approved the acquisition of Nairobi’s 680 hotel by Maanzoni Lodge entrepreneur Christopher Musau. For Crowne Plaza, the proposed transaction involves the acquisition of all issued shares in Golden Jubilee’s Crowne hotel by Falcon NBO.  The hotel is situated in the heart of Nairobi, near Riadha House History Museum. The property features 206 modern rooms. Golden Jubilee Limited owns Crowne Plaza, where tycoon Akbarali owns 97.5 percent and Anish Akbarali 2.5 percent.…

The Group posted KSh24.4billion half-year net profit, a 36 per cent jump from KSh17.9 billion posted in the same period in 2021.

Tobias Alando, the Ag CEO, has been appointed the Chief Operating Officer (COO). 

DStv Business works with over 500 accredited installers across the country to help customers convert their entertainment spaces to profit-making areas.

Dr. Yousef Elhemmali is Ola Energy’s new General Manager for Kenya, replacing Millicent Onyonyi. In addition to his role as General Manager, Dr. Yousef is also the East Regional Business Officer, overseeing the operations of the OLA Energy affiliates in Eritrea, Ethiopia, Sudan, and Uganda. “I am excited to take over the new challenge of managing OLA Energy Kenya. I look forward to building on the great work and major milestones my predecessor Ms Millicent Onyonyi and the great team overseen here in Kenya,” says Dr. Yousef. Dr. Yousef holds a Doctorate in Business Administration from Ecole Supérieure Robert de Sorbon…

The project cost estimate is USD 250 million over 5 years, from 2022 – 2026.