Tuskys set to open 75 shops at Shell stations

Tuskys Supermarket has moved to open convenience stores at 75 Shell-branded fuel stations, operated by Vivo Energy Kenya, as part of its expansion strategy. The supermarket has already opened two such shops along Thika Road in a model where it largely stocks fast-moving consumables in the premises leased from Vivo [...]

Scangroup affiliate plans new advert tool

An American advertising and communications multinational is set to introduce a marketing tool in Kenya, the first on the continent that will see brands publish articles, info graphics and visual stories online. The tool merges advertising and public relations with storytelling and enables businesses to act as digital. J.Walter Thompson Company (JWT), an affiliate of Nairobi-based WPP Scangroup, in June launched a marketing unit dubbed Colloquial in the US and now targets Africa in response to changing trends [...]

91-day bill slide triggers long bond issues

The 91-day Treasury bill slipped into single-digit rate for the first time since June, as yields on most securities trended south emboldening the Treasury to restart issuing long-term bonds after a nearly six-month pause. Data from the Central Bank of Kenya (CBK) show that the subscription was Sh22.85 billion, but the Treasury only took up Sh8.37 billion — higher than the Sh6 billion it had earlier said it was looking for [...]

Simba Corp targets used car dealers with Sh1m new Renault

Simba Corporation is taking on Kenyan second-hand car dealers with the planned launch of a Sh1 million entry-level new Renault car dubbed ‘Kwid’ next month. The motor dealer is eyeing first-time car buyers and the burgeoning middle class which largely relies on imported used cars from Japan which are deemed cheaper than new vehicles [...]

Danish fund’s Sh92m loss to local partner draws in embassy

The Embassy of Denmark has written to the Department of Criminal Investigation (DCI) to put pressure on Kenyan authorities to investigate Kiambu-based micro-financier Kenya Entrepreneurship Empowerment Foundation (KEEF), for said fraud that saw MYC4 investors lose €836,000 (Sh92 million). Trouble begun in May 2014 when KEEF stopped lending and remitting cash to MYC4 after it detected internal fraud [...]

French single malt scotch to sell in Nairobi

Alcoholic beverages maker Pernod Ricard has introduced a new whiskey to tap into Kenya’s growing market for imported spirits. Pernod Ricard introduced the Glenlivet Founders Reserve, a single-malt scotch, at a time spirits marketers are faring better than their beer competitors. Data from the Scotch Whisky Association shows that Kenyans downed scotch worth Sh480 million in 2014, a 62 per cent increase from [...]

Uganda’s Pearl Dairy to build plant in Kenya

Uganda-based Pearl Dairy Farms Limited is set to build a production and repackaging plant in Nairobi's Industrial Area as it moves to grow its market share in Kenya. Pearl says initial estimates of the investment in the planned factory stands at about Sh100 million. The upcoming plant is meant to cut the costs of importing dairy products from Uganda besides making it easier and faster for the products to reach Pearl’s target customers in the local market [...]