Tuskys and Nakumatt have submitted a fresh application to the competition regulator asking to be allowed to partner in a rescue plan for the troubled retailer, Business Daily reports. The new application asks the Competition Authority of Kenya (CAK) to exempt a management contract between the two firms, rather than
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Kenya based Jambojet is set to expand its wings in East Africa with the launch of a double daily flight between Entebbe and Nairobi, Kenya on 14th February, 2018, Business Focus reports. This will see the Nairobi based budget airline become the first regional low cost airline with an introductory
Read MoreIn a move that could revolutionise the way we buy groceries, Amazon opens its first supermarket without checkouts - human or self-service - to shoppers on Monday, the BBC reports. Amazon Go, in Seattle, has been tested by staff for the past year. It uses an array of ceiling-mounted cameras
Read MoreA number of employees working for the troubled Nakumatt Supermarkets chains could have a reprieve after seven of their colleagues opened a supermarket in Kisumu, reports the Standard. The new supermarket, Lengio Holdings which opens its doors at Kondele in two weeks’ time is expected to draw its work force
Read MoreAtul Shah, the man behind struggling regional retailer, Nakumatt Supermarket has spoken out for the first time about how debt took down his business. In an interview with Business Daily, Shah says: “We have been bashed unrelentingly. I have chosen not to defend the truth or criticise lies being passed
Read MoreThere are many agribusiness enterprises you can embark on to become a millionaire. Goat farming is one of them. Grace Bwogi, 38, is one of the successful goat farmers in the country promoting the business of goat farming in Uganda in order to beat the demand which is currently outstripping
Read MoreTelecom tycoon Strive Masiyiwa has become Zimbabwe’s first billionaire. According to a report by Forbes, Masiyiwa, 57 is now worth $1.7 billion. Masiyiwa controls Econet Group, a Zimbabwe-listed mobile phone company that also has investments in financial services, insurance, e-commerce, renewable energy, education, Coca-Cola bottling, hospitality and payment gateway solutions.
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The International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO) engaged in trade-related technical assistance, is implementing a programme titled " the Netherlands Trust Fund IV " (NTF IV) in partnership with the Dutch Centre for the Promotion of Imports from
Read MoreJeff Bezos is now the richest person of all time. That should put an Amazon smile on his face. The Amazon CEO's net worth reached $105.1 billion Monday, according to Bloomberg's billionaire tracker. That eclipses the record previously held by Microsoft founder Bill Gates. Forbes, the other major tracker of
Read MoreA share surge at Country Garden Holdings Co., China’s largest developer by sales, has sent Vice Chairman Yang Huiyan’s wealth up by $2.1 billion (UShs6.7 trillion) -- and that’s just in the first four trading days of the year, Bloomberg reports. Yang, controlling shareholder of Country Garden, saw her fortune
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