Java Group has set out on a development drive this year that will re-affirm their place as Kenya's number one chain of restaurants. This development drive will see them channel up to Sh 1 billion into their operations in East Africa.    Ken Kuguru, Chief Executive of the firm said that the firm would now open new outlets in developing towns and in urban areas in Kenya to produce new income streams and also increase the number of.... Read more »

Posted on : Wednesday , 18th April 2018

 Standard Bank Group have advanced a long-term loan of Sh12.5 billion (US$125 million) to East African Breweries Limited (EABL). These funds will be utilized for the purpose of develop the Senator Keg processing plant in Kisumu.    The processing plant is expected to produce 110,000 direct and indirect employments and further the  sorghum demand to 40,000 in the following five years from the current figure of.... Read more »

Posted on : Wednesday , 18th April 2018

Two of the world’s elite multinational hospitality companies, the Hilton Worldwide Holdings and Hyatt Hotels & Resorts have announced their plans to expand their operations across the African continent. Hilton has devised a plan that will see them invest $50m in a five-year period and add 100 hotels to its portfolio. While, Hyatt has a plan to invest in another 6 hotels in Africa by 2020. This hospitality industry has contributed.... Read more »

Posted on : Saturday , 6th January 2018

McDonald's will soon be latest food brand to enter the Kenyan market with its first outlet anticipated to be in the capital city of Nairobi. This comes when numerous other global brands like Subway and Kentucky Fried Chicken (KFC) have effectively established themselves in the country.    McDonald's have decided to enter the Kenya market, at a time when a number of other established global brands are focusing on growth operations in.... Read more »

Posted on : Wednesday , 18th April 2018

East African Breweries Limited (EABL) has begun brewing Captain Morgan Gold at its Ruaraka distillery in Nairobi as it looks to take advantage of the developing business sector of spirits consumers.    The local brewer, which has up until now been bringing in the rum produced by its parent firm Diageo, is presently creating the top notch spirit in the 250ml bottle at a prescribed retail cost of Sh270.    Fred Otieno,.... Read more »

Posted on : Wednesday , 18th April 2018

Federal Democratic Republic of Ethiopia President Dr. Mulatu Teshome said Ethiopia has transformed into the biggest recipient of Foreign Direct Investment (FDI) in Africa.    The seventh International Conference on Pulses, Oilseeds and Spices was under way with the subject 'Africa the future pulses and oil seeds supply'. Speaking on the event, President Mulatu said that the most recent United Nation Conference on Trade and.... Read more »

Posted on : Wednesday , 18th April 2018

The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year.    African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion.  He called for a new thinking while dealing with the youth of the African.... Read more »

Posted on : Wednesday , 29th November 2017

Kenya will be one of the beneficiaries of a new Ksh 3 billion (US$280 million) undertaking, which will aim to increase incomes and improve food security of 30 million farming households.    This partnership has been named, ‘The Partnership for Inclusive Agricultural Transformation in Africa (PIATA), was launched at the 2017 African Green Revolution (AGRF) by four organizations and has been described as an innovative and.... Read more »

Posted on : Wednesday , 18th April 2018

According to the latest Africa Agriculture Status Report, the African food market may be worth more than USD 1 trillion annually by 2030. Entrepreneurs and the free market will mainly propel this forward and develop Africa’s economic advancement through food production. Businesses too have opportunities to benefit from a swiftly developing food market. The report notes, “Agriculture will be Africa’s quiet revolution, with a.... Read more »

Posted on : Wednesday , 18th April 2018

In the aftermath of decreasing tobacco prices and subsequent increase in environmental damage, the Chunya District Council in Mbeya region has started cultivating cashew nuts to strengthen farmers’ earnings. To realize the plan, cashew nut is to be grown on over 100 hectares and 250 farmers will profit from the product in the first phase.   Mr. Agustino Ndelwa, Acting District Agriculture Officer while meeting with District.... Read more »

Posted on : Wednesday , 18th April 2018

 The Kenyan government has identified avocado and sweet potatoes as two very important crops for food security, proper nutrition and trade expansion. These crops not only provide vital nutrients for good health, they could also fetch Kenyan farmers billions of shillings as the government works towards a better exportation program.  This comes in the wake of the nation’s struggle to stabilize the production of maize, after.... Read more »

Posted on : Wednesday , 18th April 2018

The deal is struck between Integrated Pest Management (IPM) provider Dudutech and agro input company Elgon Kenya. Through this pact, Elgon will distribute Dudutech’s products that are acclaimed worldwide. This agreement is thought of as transformative in the horticultural industry of Kenya. Recording an average growth of 15% to 20% annually, the horticultural category within the agricultural sector is the most flourishing industry. This.... Read more »

Posted on : Wednesday , 18th April 2018