Government increases sugar imports to address shortage

Kenyan government increases sugar imports to address shortage

The Agriculture and Food Authority is blaming traders for the biting shortage of sugar in the country. Besides drought which affected cane production in the country, the authority says wholesalers and distributors have been holding sugar affecting the market. “Distributors and wholesalers holding sugar should release the stocks into the market immediately,” said Alfred Busolo, […]

Kenya, Uganda told to resolve Uchumi pay standoff with suppliers

Kenya, Uganda told by EAC to resolve Uchumi pay standoff with suppliers

Kenya and Uganda have been directed by the East African Community (EAC) to resume talks in a dispute arising from Uchumi Supermarkets’ failure to pay suppliers. Uchumi exited Uganda in October 2015, closing five branches, and leaving 800 employees and suppliers demanding payments. Uganda subsequently initiated bilateral talks with Kenya to resolve the issue but […]

EABL hits out at the Treasury over unpredictable tax regime

EABL hits out at the Kenya govt for increase in ‘sin’ taxes

East African Breweries has hit out at the government over increasingly unpredictable policy and regulatory environment. The giant brewer says this has undermined long-term investment decisions. “A predictable policy and regulation environment will help firms plan five, ten years out,” EABL chairman Charles Muchene said yesterday in Nairobi. “You have to keep taking into account […]

Bold, innovative ideas key to Uchumi’s recovery plan

Bold, innovative ideas key to Uchumi’s recovery plan

An article in last week’s edition of The Standard on Sunday titled ‘Uchumi stumbles through a maze in its quest to regain glory’ left me with mixed feelings. The gist of the story was that failure by the government to give a Sh1.2b bailout on time and difficulties in disposing off some assets have slowed […]

East African Breweries says tax-induced drop in beer demand only temporary

East African Breweries says tax-induced drop in beer demand only temporary

East African Breweries Ltd (EABL), controlled by Britain’s Diageo, blamed a jump in Kenyan tax on beer for its flat sales in the six months to Dec. 31 but expects a recovery in the next half-year period. Chief Executive Andrew Cowan told Reuters on Friday that Kenya should adopt regular, predictable excise tax increases rather […]

Uchumi Supermarkets to reopen Uganda, Tanzania

Uchumi Supermarkets to reopen Uganda, Tanzania

Uchumi C.E.O Julius Kipngetich Uchumi Supermarkets is readying itself to return to Uganda and Tanzania, despite having burnt its fingers in the two markets. The retailer operated in the two countries for five years without profits before throwing in the towel in 2015. The company, however, is yet to finalise the payment of debts to […]

Mall of Africa taking shape with H&M, Zara, Tommy Hilfiger booking space

The Mall of Africa development in Midrand. Atterbury Property’s Mall of Africa development is on track for its opening next year, with more heavyweight international fashion retailers announced at the R3.2 billion shopping centre. Located on both sides of the N1 between Midrand and Sandton, the mall is slowly taking shape for its completion on […]

Kenya Has Africa’s Second Most Formalized Retail Economy – Nielsen

Kenya Has Africa’s Second Most Formalized Retail Economy – Nielsen

From Ventures Africa Kenya is the second most formalized retail economy in Africa after South Africa, a survey carried out by the New York Stock Exchange-listed research company, Nielsen has revealed.  The consumer report focusing on five sub-Saharan Africa economies, which was released on Monday, indicates that 30 percent of Kenyans shop in proper retail […]