Kim-Fay East Africa, a leading manufacturer and distributor of hygiene, tissue, and home care products, has secured debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This significant investment will support the company’s regional expansion efforts and enhance its production capabilities.
Kenya and Uganda have initiated discussions on extending the Eldoret-Kampala petroleum products pipeline, as announced by the Kenya Pipeline Company (KPC) on Tuesday. This strategic extension aims to enhance regional fuel distribution and improve access to petroleum products.
At Safaricom’s 16th annual general meeting, shareholders approved a substantial final dividend of $189 million (KES 26.04 billion) for the financial year ending March 31, 2024. This approval reflects a final dividend of KES 0.65 per share, following an interim dividend of KES 0.55 per share paid in March 2024. The total dividend distribution for the year amounts to KES 1.20 per share, or $367 million (KES 48.08 billion).
Stakeholders in Kenya’s human resource sector are urging organizations to integrate technology into their HR practices to enhance efficiency and effectiveness. By adopting innovations such as artificial intelligence and data analytics, HR professionals believe Kenyan organizations can significantly improve talent management, boost organizational performance, and cultivate more inclusive workplace cultures.
The historic town of Gedi in Kenya’s coastal region has achieved a significant milestone by being inscribed on the UNESCO World Heritage List. This prestigious recognition highlights Gedi’s historical and cultural importance, solidifying its place as a key component of Kenya’s rich heritage and scenic appeal.
Accor has inaugurated the Gem Forest Hotel, its 105-room property located along Nairobi’s Limuru Road, marking the group’s ninth establishment in Kenya’s competitive hospitality market. The $30 million (Sh3.9 billion) hotel is strategically positioned to cater to the diplomatic community residing in nearby estates such as Gigiri, Runda, Muthaiga, Rosslyn, and Nyari.
The Kenya Tourism Board (KTB) has announced an ambitious plan to leverage the upcoming Paris Olympics as a platform to promote Kenya’s sports tourism potential. Principal Secretary John Ololtuaa emphasized that the Olympics provides a golden opportunity to highlight Kenya’s prowess not only in athletics but also as a prime tourism destination. The KTB aims to capitalize on the global stage to showcase the nation’s rich cultural heritage and diverse attractions.
PrideInn Hotels & Resorts unveiled Sayari, an eco-friendly restaurant located at their PrideInn Westlands outlet. This launch aligns with the hotel chain’s commitment to sustainability and follows their rebranding effort from last November. The restaurant, named “Sayari” which means “planet,” represents a significant step in PrideInn’s long-term energy efficiency and environmental strategy.
