business in Kenya Archives - AfricaBusiness.com

19Aug

By Africa BusinessNo Comments

Problems And Prospects Of Family Businesses: Trusts, ESG, NextGen, And What Is Needed For Success

Interview with Faizal Bhana - Director – Middle East, Africa and India Jersey Finance. Interview with Faizal Bhana, Director, Middle East, Africa and India, Jersey Finance, delves into the evolving landscape of family businesses and how they navigate the diminishing trust advantage amid rising ESG (Environmental, Social, and Governance) demands and NextGen aspirations. How has the use of trusts evolved for family businesses over the past decade? Over the past decade, the use of trusts has evolved significantly for family businesses. Increased regulatory scrutiny and transparency demands have led to more structured governance frameworks and a more planned approach. Families are increasingly using trusts to manage succession, mitigate long-term risks and ensure long-term sustaina...

17Oct

By Africa BusinessNo Comments

Kenya News

Adenia acquires leading grower of premium roses in Kenya

Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Altilands SA, the parent company of Red Lands Roses (“Red Lands”), a leading grower of premium fresh-cut roses in Kenya. Red Lands is internationally recognized for its green horticultural practices that respect people and the environment. Financial terms of the transaction were not disclosed. Established in 1996 by agronomist, Isabelle Spindler, Red Lands operates a farm of 28 hectares, 35 kilometers northeast of Nairobi, at approximately 1,565 meters above sea level. Red Lands’ premium fresh-cut roses have fuller heads, longer stems, and an enviable vase life of 12 to 21 days which not only provides value for its targeted premium florist market, but also ensures an overall lower carbon emissions...

17Sep

By Dr. Ehud GachuguNo Comments

Kenya News, Main, Tech

Report shows young people earning livelihoods working in digital platforms

By Dr. Ehud Gachugu The digital economy is expanding largely in Kenya. Covid-19 has accelerated the growth since Kenyans, especially youth, have now recognized the potential to earn a living in digital platforms. The pandemic led not only to a health crisis but also an economic crisis. The measures imposed by the Ministry of health, such as physical distancing and cessation of movements, contributed to the increasing role of platform livelihoods. Those in logistics were considered as essential delivery agents and service providers. The small and medium enterprises switched to online shopping. Farming was also not left out as when complying with the set measures, a social and online farmer emerged. The offline gigs for musicians and creatives declined hence they focused on their digital p...

30May

By Josephine WawiraNo Comments

Kenya News

Kenya is in Transition to a Circular Economy: KEPSA Report Shows

Sustainable Inclusive Business, the knowledge centre under the Kenya Private Sector Alliance (KEPSA) Foundation, in partnership with TheRockGroup, a sustainable consultancy firm, has published an industry report on Kenya’s efforts to transition to a more sustainable and circular economy. It was launched at the Africa Business Week by the Netherlands Enterprise Agency on Thursday May 27, 2021 Dubbed, ‘Kenya is in Transition to a Circular Economy: A quick scan of the trends and opportunities for businesses in the circular economy and resource efficiency space’, the report provides an overview of status of circular economy trends in Kenya, existing gaps, and available opportunities. It further showcases Kenya’s business climate and policy framework and highlights relevant organizations contri...

How G4S became the largest courier company in Kenya

6May

By G4SNo Comments

Kenya News

How G4S became the largest courier company in Kenya

G4S is widely recognised as the world’s largest security company, but in Kenya its reputation for courier and logistics services is built on 50 years of experience delivering when it matters most. A clear market leader for courier services, G4S Kenya is leaving the more internationally well-known courier brands in its wake. Jackson Miano, Head of Sales for Secure Logistics in Kenya, tells us how... Courier and logistics might not be the most obvious service for a security company, but in many ways it was a natural evolution for us. Our customers wanted a secure and reliable delivery service, and who better to provide that than the world’s largest security company. We already had much of the infrastructure in place - a network of sites that now totals 145 across the country, a large f...

4Apr

By Josephine WawiraNo Comments

Business, Kenya News, Main

Why a Plastics Pact is recipe for better environmental management practices

The year is 2016, outside a busy supermarket in one of Nairobi’s estates. Shoppers flow in and out carrying their groceries and other shopping items with plastic carrier bags. These are the order of the day, but their pollution to the environment is devastating. A year later in 2017, the Kenyan government would enact the ban on production, sale and use of plastics carrier bags. The ban is considered one of the sternest in the world and whose success rate is now recorded at approximately 80%. Fast forward to 2021, we have made tremendous strides in the fight against plastic pollution as a nation, with a ban on specific single use plastics in all protected areas taking effect from June 2020. There are also ongoing and ambitious plastics initiatives in the country, such as the Kenya Plastic A...

31Mar

By Africa BusinessNo Comments

Kenya News, Tech

G4S binding together technology and security at Bamburi Cement, Kenya

By G4S Nicholas Mbithi, Contract Manager, in Kenya tells about how G4S is working with Bamburi Cement, the largest manufacturer of cement in Eastern Africa Bamburi Cement, based in Kenya, is the largest manufacturer of cement in Eastern Africa, producing around 5,000 tonnes of it every day. Its operations are vast, with two mega plants located in Mombasa and Athi River that run 24/7. Each plant fills 300 trucks with cement on an average day, creating a formidable logistical operation. Anyone who has used cement to mix concrete knows the importance of having the correct ratio of water, cement and sand. Too much water and you’re left with an unmanageable mess… too much sand and it grinds to a halt. Providing security at these vast sites presents a similar challenge - too much interference an...

Deal making slows across Africa but post-pandemic opportunities look interesting

6Feb

By Africa BusinessNo Comments

Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News

Deal making slows across Africa but post-pandemic opportunities look interesting

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...