Business - Nomad Press

01 Aug

Ushindi Bar Soap Production increased 25% to Meet Increasing Demand after Enzyme Reformulation

Reporter0 CommentsBusinessPwani Oil, Ushindi Bar Soap Production

Pwani Oil Products Limited (Pwani Oil) has today unveiled its upgraded Ushindi Multipurpose Bar Soap, which has been reformulated to make it stronger, durable and gentler on hands, while maintaining its affordability. Pwani Oil invested $180,000 (KES24 million) in enzyme research to derive the best formulations for rapid and thorough cleaning. The new Ushindi, which is now available in supermarkets and retail shops countrywide, incorporates advanced enzyme technology that accelerates the breakdown of proteins, ensuring more effective stain removal. This innovation helps save time and water in addition toe liminating the need for combining bar soap with washing powder for…

01 Aug

SBM Bank Kenya and DHL Join Forces to Empower Kenyan SMEs

Reporter0 CommentsBusinessDHL, SBM Bank Kenya

SBM Bank Kenya and DHL Worldwide Express Kenya have today announced a strategic partnership aimed at boosting trade and enabling small and medium-sized enterprises (SMEs) to access global markets. The collaboration, dubbed ‘Power Up Your Potential’, will consolidate SBM Bank Kenya's extensive financial network and DHL's global logistics expertise to empower over 400 SMEs navigate the complexities of exports and e-commerce, thereby expanding their market reach and operational capabilities. In Kenya, SMEs face a myriad of obstacles while attempting to access international markets. A recent study shows that only 20% of SMEs in Kenya participate in export ventures, due to…

30 Jul

EABL Records Strong Topline & Operating Profit Growth in a Challenging Market

Reporter0 CommentsBusinessBeer, East Africa Breweries Limited (EABL), Kenya, Tanzania, Uganda

EABL reported net sales of Kshs 124.1 billion and Operating profit excluding FX of Kshs 28.8 billion representing an impressive double-digit growth of 13 percent and 10 percent respectively, against the prior year. This was attributable to volume growth of 1 percent led by Beer (+9 percent), strategic pricing, a strong portfolio boosted by disruptive innovation, solid commercial execution, and supply productivity. Growth was recorded across its three core markets with Kenya at 15 percent, Uganda 12 percent and Tanzania 9 percent whilst beer and spirits also grew by 12 percent and 14 percent respectively. EABL achieved these results on…

29 Jul

KTB Taps Into The Kenyan Diaspora To Attract Tourists

Reporter0 CommentsBusinessJune Chepkemei, Kenya Tourism Board (KTB)

The Kenya Tourism Board (KTB) is rallying Kenyans in diaspora to support tourism promotion. Yesterday, the tourism marketing agency launched a tourism marketing drive dubbed “Ziara Kenya One Diaspora One Tourist” that seeks to harness the diaspora’s networks to attract at least one tourist per diaspora member annually, thus helping catalyze growth in the tourism sector. While addressing the Kenyan diaspora during the launch of the campaign at the Kenya House on the sidelines of Paris Olympics, KTB CEO June Chepkemei said that the campaign is an embodiment of belief that the board has with diaspora’s power to play a…

29 Jul

Last Mile Connectivity Project Boosted by KShs.1.85 Billion JICA Grant

Reporter0 CommentsBusinessJapan International Cooperation Agency (JICA), Last Mile Connectivity Project (LMCP), William Ruto

The Last Mile Connectivity Project (LMCP) has received a significant boost with a KShs.1.85 billion grant from the Japan International Cooperation Agency (JICA). This funding will enable more than nine thousand households across Nakuru, Kilifi, Kwale, and Nyandarua counties to be connected to the electricity grid under Phase V of the project. “We expect to connect all the targeted households across the four counties by January 2025. The Company is committed to fast-tracking electricity connections across the country to achieve universal access to electricity. We thank JICA for the grant which will go a long way to enable these households…

29 Jul

East Africa Breweries Limited to Announce 2024 Full-Year Financial Results Tomorrow

Reporter0 CommentsBusinessEast Africa Breweries Limited (EABL)

East Africa Breweries Limited (EABL) is set to announce its 2024 full-year financial results tomorrow. The highly anticipated event will be graced by EABL Chairman Dr. Martin Oduor-Otieno and EABL Managing Director and CEO Jane Karuku. The announcement will provide insights into the company's financial performance over the past year, shedding light on key achievements, challenges, and future strategies. The financial results will be closely watched by investors, stakeholders, and industry analysts, eager to gauge the company's standing in the competitive brewing industry.

27 Jul

Kenya Bus Service Acquires Its First Electric Bus

admin0 CommentsBusinessBasiGO, Kenya Bus Service (KBS)

Kenya’s oldest bus operator, the Kenya Bus Service Management Ltd (KBS), has acquired its first Electric Bus as part of a strategic initiative to modernize its fleet. The bus company that has been operating since 1928, acquired a 36-seater Electric Bus that was built at Kenya’s first dedicated, high-volume assembly line that is operated by BasiGo and located at the Kenya Vehicle Assembly plant in Thika. The new KBS Electric Bus will ply the CBD – Kibera, CBD – KNH, and CBD - Utawala routes. "We are excited to partner with BasiGo, Africa’s leading electric bus company to help us…

27 Jul

African States Urged To Collaborate In Tapping Into The Diverse Tourism Sector

admin0 CommentsAfrica, BusinessAfrica, Tourism

The Principal Secretary, Department of Tourism Hon. John Ololtuaa has urged African States to collaborate in ensuring that the tourism sector is anchored sustainably through enhanced education, skills, and strategic investments that allow growth and facilitate strategic investments in tourism as well as ensure safety of destinations. PS Ololtuaa was speaking at the 67th Meeting of the UN Tourism Regional Commission for Africa (CAF) and the Brand Africa and Tourism Think Tank where Kenya is a Co-Vice Chair. Hon. Ololtuaa joined other tourism leaders in discussing transforming Africa's Future through education, skills and strategic investments in Tourism for Sustainable and…

27 Jul

Celebrating Decades of Cherished Cadbury Memories in Kenya

admin0 CommentsBusinessCadbury

As Cadbury marks a remarkable 200 years of delivering delicious indulgence to chocolate lovers worldwide, it proudly celebrates this milestone in Kenya with the launch of its “Yours for Generations” campaign. Founded in 1824 by John Cadbury, the brand is synonymous with quality and generosity, earning a special place in the hearts of Kenyans over the decades. The launch event at Shamba Events in Loresho, Nairobi, invites Kenyans to revisit and share their most cherished #CadburyMemories. From celebrating academic achievements with Cadbury Dairy Milk to enjoying Lunchbar with their friend squad, the campaign highlights Cadbury’s significant presence in Kenyan celebrations…

19 Jul

Paris Olympics To Spotlight Kenya’s Sports Tourism Potential

admin0 CommentsBusiness2024 Paris Olympic Games, John Ololtuaa, Tourism

The tourism sector has described the Paris Olympics as yet another opportunity to position Kenya’s destination brand. Principal Secretary for Tourism John Ololtuaa says the role of sports personalities as national icons and global ambassadors is key to showcasing the destinations potential for tourism and sports during the games. While rallying Kenyans to cheer on the Kenyan team representing Kenya in the Paris Olympics scheduled for July 26th – August 11th, 2024, the PS also noted that the Olympics was a timely chance for the country to highlight its long-standing reputation for sporting and athletic prowess, cementing Kenya's status as…