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Company in East Africa

  • Kenya: Nakumatt Files for Voluntary Administration, PKF Consultant to Take Over Management

    KENYA, 2017/11/01 Troubled retailer Nakumatt has applied for an government order under the insolvency act. In papers filed at the High Court, the directors of the Supermarket chain have proposed Peter Kahi of PKF Consulting Limited to be appointed as the administrator with a view of turning around the supermarket. "Kahi is an experienced business turnaround professional and if the application is granted, Mr. Kahi will act as an independent administrator and perform his functions in the interests of Nakumatt's creditors as a whole," the directors say.
  • Ali Mufuruki, Chairman, CEO Roundtable

    TANZANIA, 2017/09/06 On inclusiveness in the private sector What role is the private sector playing in 2017, and how do you see this developing? ALI MUFURUKI: The central prerogative of the private sector is to have the government be additional open to engagement and dialogue – to appreciate the fact that this is a partnership, while considerate that due to the history of our country, such a relationship is complicated. Before there was not a lot of faith in the private sector, but instantly there is a critical need for cooperation to plan for the next.
  • Africa: Expanded Engagement for Caterpillar - Boosting Sales & Alleviating Poverty

    BOTSWANA, 2017/07/16 A strong signal of growing business engagement with Africa by large U.S. corporations was the announcement last September by Caterpillar CEO Doug Oberhelman of plans to invest over $1 billion in Africa over the next five years. Caterpillar is not a new-comer, having begun doing business on the continent in 1926. At last month's U.S.-Africa Business Summit in Washington, DC, David Picard, Caterpillar's regional manager for Africa and the Middle East, described some of the steps that have been taken since last year's announcement. He as well talked about the challenges and opportunities he sees, inclunding Nigeria, where the company has operated since 1948. He was interviewed by AllAfrica's Noluthando Crockett-Ntonga and Ladi Olorunyomi from Premium Times in Nigeria. The interview has been edited for clarity and length.
  • Facebook CEO in Kenya to meet tech people and learn about mobile money

    KENYA, 2016/10/30 Chief Executive Officer of Facebook, Mark Zuckerberg, is in Kenya on the second leg of his historic visit to Africa. He started his ‘African mission’ in Nigeria on August 30. In Kenya, Zuckerberg said he was looking forward to learn about mobile money, ‘‘where Kenya is the world leader,’‘ his post on Facebook read. As he did in Nigeria, he will meet with entrepreneurs and developers in the east African country. ‘‘I’m starting at a place called iHub, where entrepreneurs can build and prototype their ideas,’‘ he stated.
  • Tanzania Breweries now partners with traditional liquor outlet owners

    TANZANIA, 2016/06/13 Tanzania Breweries Ltd (TBL) plans to expand the market for its traditional liquors Chibuku and Nzagamba, by using existing “drinking dens” as outlets and the owners as agents. TBL managing director Roberto Jarrin said integrating traditional beer makers in the business would save the brewers some of the costs of making the liquor. “This will save them time and laborious preparation of the brew as they will be selling our DarBrew brands at a profit,” he said.
  • Jaguar Land Rover on its business in sub-Saharan Africa

    ANGOLA, 2015/12/11 Nigeria and Angola remain two of Jaguar Land Rover’s major markets in sub-Saharan Africa, according to the company’s director of operations for the region, Nigel Clarke. This is despite both economies feeling the result of the drop in oil prices over the last year. Angola gets roughly two-thirds of its revenue from oil. The luxury car manufacturer, with its sub-Saharan headquarters in Pretoria, exports the bulk of its vehicles to eight markets in the region – Angola, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Zambia and Zimbabwe. However, over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets – Senegal, Côte d’Ivoire, Gabon, Congo-Brazzaville, Malawi, Mozambique – through local country partners. “Due to the expansion of our office in Pretoria and the fact a lot of of our processes and systems are presently in place, which has taken a long time, we are much additional ‘fitter’ to take on these markets.”
  • ‘I was hustling from a young age,’ says celebrated entrepreneur Julian Kyula

    KENYA, 2015/11/21 Julian Kyula is a celebrated Kenyan entrepreneur. The 40-year-old is founder and CEO of technology company Mobile Decisioning (MODE) that offers a wide array of micro-credit solutions of up to US$100, enabling additional than 350 million mobile phone subscribers to access cash and airtime via mobile money. Users can as well fasten credit to settle utility bills, which MODE due pays to the utility provider on behalf of the mobile subscriber. Founded five years ago, the company today has operations in 26 nations globally and is in the process of launching in eight new markets. The motivation to start the business was to “bring people to financial inclusion”. MODE has been recognised internationally for its innovation, while Kyula has received numerous awards inclunding the 2012 IBM World Entrepreneur of the Year Award. Speaking to How we made it in Africa, he shared his personal journey in entrepreneurship.
  • Ethiopia's Next International Breakout Brand

    ETHIOPIA, 2015/11/03 What started as the quest of a caring and self-proclaimed, over-protective initial-time mother to find the perfect blanket for her child is presently making headlines as the next potential international breakout brand from Ethiopia. Amelsa Yazew, 34, had a bit of a fetish for baby blankets at the same time as she was pregnant with her initial child, Caleb. She said she bought excessive amounts of mass-produced baby blankets for her child. But it was not until her baby shower, where some one gave her a blanket made out of a Gabi - a traditional hand-woven cloak from Ethiopia, that her quest for a comfortable baby blanket had been finished.
  • Standard Bank Group has expanded its already extensive East African footprint

    ETHIOPIA, 2015/10/31 Standard Bank Group has expanded its by presently extensive East African footprint with the official opening of a representative office in Ethiopia. This means that Standard Bank, which is Africa’s major bank by assets, has a continent-wide footprint in 20 African nations. The representative office, which is based in Addis Ababa, was opened by Standard Bank Chief Executive, Ben Kruger. It will act as an entry point for clients seeking to invest in Ethiopia and will be administered by Standard Bank’s chief office in South Africa.
  • Philip Morris International the largest buyer of tobacco in Tanzania

    UNITED STATES, 2015/10/31 Philip Morris International (PMI) (pmi.com), the major buyer of tobacco in Tanzania, is ramping up efforts to implement its Sustainable Tobacco Production model part the country’s 65 000 contracted tobacco-growing families. PMI purchases tobacco from three suppliers in Tanzania, contributing additional than US$150-million annually to the economic development of the country’s rural areas.