Category: Business News

June 24, 2019 0

South Korean innovation firms to set up shop in Kenya

By mykenyancareers

NAIROBI, Kenya Jun 24 – More companies from South Korea are set to start operations in Kenya following a recent innovation exhibition held in the capital Nairobi, involving nine startups keen to utilize the vibrant Information Technology space in the country. South Korea’s Ambassador to Kenya Young-Han Choi said the new investments affirms the confidence … Continue reading “South Korean innovation firms to set up shop in Kenya”

June 24, 2019 0

Countries signed for Continental Free Trade Area set to proceed

By mykenyancareers

NAIROBI, Kenya, Jun 24 – 24 African countries will proceed with the plans stipulated under the African Continental Free Trade Area (AfCFTA) agreement focused to create a single continental market for goods and services with free movements of goods, people and investments like the European Union. Chairman East African Business Council (EABC) Nick Nesbit says … Continue reading “Countries signed for Continental Free Trade Area set to proceed”

June 24, 2019 0

PTA Re-Insurance hit by rise in cost of doing business and reduced margins

By mykenyancareers

Nairobi: 24 June, 2019 – ZEP-RE (PTA Reinsurance Company) recorded a drop in profitability to US$10.14 million in 2018. This has been attributed to pricing pressures and a generally lower insurance penetration. The company also experienced a significant rise in claims, a region-wide phenomenon that saw most of the regional markets make losses at both … Continue reading “PTA Re-Insurance hit by rise in cost of doing business and reduced margins”

June 24, 2019 0

Everything to Know About Intellectual Property and Protecting Your Ideas

By mykenyancareers

Hazel Okoth is the lead Intellectual Property Counsel at Gikera and Vadgama Advocates. She doubles up a human resources expert and a lawyer whose area of expertise is real estate law and commercial law. She holds a Law degree from the University of Nairobi and a Post Graduate Diploma from the Kenya School of Law. Okoth also holds […]

Ⓒ 2019 Nairobi Wire

June 21, 2019 0

President banks on revamped Rivatex to create over 3,000 jobs

By mykenyancareers

ELDORET, Kenya, Jun 21 – President Uhuru Kenyatta fulfilled one of his key election campaign pledges, Friday when he commissioned the revamped Rivatex textile factory in Eldoret town. The new processing plant, which was modernised at a cost of Sh5 billion, will create over 3,000 new jobs, rejig the economy of Eldoret town as well … Continue reading “President banks on revamped Rivatex to create over 3,000 jobs”

June 21, 2019 0

Pwani Oil halves electricity cost through steam power generation

By mykenyancareers

NAIROBI, Kenya, Jun 21 – A local manufacturer has invested in a steam power plant in a bid to cut down on production costs which has been cited as the greatest challenge facing the manufacturing sector. The recycling of steam used in soap manufacturing has reduced power bills at the Pwani Oil Refineries Limited – … Continue reading “Pwani Oil halves electricity cost through steam power generation”

June 20, 2019 0

Youths urged to embrace digital technology to earn a living

By mykenyancareers

NAIROBI, Kenya, June 20 – In a country where more than 10 million youths are despairingly looking for a job, can something be done? Focus has now been turned to this unemployed lot, who have been challenged to embrace technology, as it provides a myriad of opportunities. One of such option, is the use of … Continue reading “Youths urged to embrace digital technology to earn a living”

June 19, 2019 0

Isuzu East Africa constructs Sh1 billion assembly lines

By mykenyancareers

NAIROBI, Kenya, Jun 19 – Vehicle Assembler Isuzu East Africa has introduced new assembly lines constructed at a cost Sh1 billion that will increase the company’s capacity to locally assemble vehicles. Speaking at the commissioning ceremony, Isuzu EA Managing Director, Rita Kavashe, indicated that the move was a demonstration of Isuzu EA’s manufacturing capacity to … Continue reading “Isuzu East Africa constructs Sh1 billion assembly lines”

June 19, 2019 0

Chinese envoy to Kenya urges firms to focus on investments, not retail

By mykenyancareers

NAIROBI, Kenya Jun 19 – Chinese Ambassador to Kenya Wu Peng has emphasized on the need for private sector representatives from his country to focus on investments and not retail business. Ambassador Wu, who met the representatives of Chinese private sectors at the embassy in Nairobi, particularly reminded them on the need to focus on … Continue reading “Chinese envoy to Kenya urges firms to focus on investments, not retail”