NAIVAS SUPERMARKET SET TO OPEN 80th STORE AT GREENSPAN MALL EASTLANDS

Nairobi 18.2.2022

Kenya’s leading retailer Naivas supermarket is set to open the doors of its 80tho utlet at the iconic Greenspan Mall, located in Donholm an estate at the heart of the sprawling Eastlands region of Nairobi.

The mall is not only strategically located but the only destination mall in the expansive residential area. 

This store opening marks the kickoff of the retailer’s expansion plans for the year.The new outlet covering 57,000 square feet becomes the retailer’s biggest outlet by store size with the shopping space resting at the mall’s ground floor. 

This development makes this outlet the second foodmarket in the larger Eastlands region after the recent upgrade of the Buruburu store into this store format. Speaking on the new development, Naivas Chief commercial officer Willy Kimani said, “As a business, this store is a moment of sheer pride and testament to what time can do.

In 2004, the business made a strategic move into neighborhood stores with the Komarock outlet being the very first in Eastlandse region.

The store extended warm hospitality synonymous with the Kenyan culture to the brand and in turn we became part of the community. It therefore seems apt that our flagship store is also now set in this region, an area that has supported so many of our residential stores and this is our way as a homegrown brand of ‘kurudisha mkono’ the Kenyan way to the great people of Eastlands.” “This is not a race to fill every available retail space, but a very strategic and calculated business move supported by market research and data to ensure that wherever the business sets up shop, there is a ready market and it will be meeting a need.The innovation in the foodmarket store format that you’ll witness in Greenspan is a testament to our commitment to innovate in order to meet shopper needs whether explicitly or implicitly expressed,” concluded Willy Kimani.“We are excited to welcome Naivas Supermarket on board as a partner who we believe fits perfectly within our growth and expansion strategy. As always, we strive to continually offer shoppers and patrons a wide variety of brands and a memorable experience in one location.” said, the REIT Chief Executive Officer, Einstei

SACCO STAKEHOLDERS MEET TO DISCUSS LEVY ORDER

By Clive Ayuko

3 Minutes Read

Nairobi, Kenya 16th February 2022

Sacco stakeholders to include the regulatory arm SASRA Sacco Societies Regulatory Authority and various Savings and Credit Cooperative Societies met today at a Nairobi hotel met to discuss the Regulatory Impact Statement for the Draft Sacco Societies levy order, 2022.

Stakeholders follow proceedings during presentations by SASRA. Images courtesy Clive Ayuko.

In the year 2021 under the Non Deposit Taking Business Regulations of 2020 the mandate of the Sacco Societies Regulatory Authority SASRA was expanded to include regulation of Non Deposit Taking Savings and Credit Cooperative Societies. The institution was previously mandated to only regulate deposit taking SACCOs only and the fees collected in this regard it was discovered was not enough to cover regulation for both the deposit taking and Non Deposit Taking SACCOs by the Authority.

To curb this malady SASRA proposed an annual levy of 0.165% on the total deposits of 175 Non Deposit Taking SACCOs to fund its regulatory functions from which it is estimated to collect ksh 137million annually. This has however since been capped at Ksh 8 million to be fair to SACCOs with deposits of over Ksh 4.84 billion.

The Sacco industry is estimated at Ksh 1trillion in assets, with a membership of 15million individuals and providing employment opportunities to over 2 million people

MacCoffee joins hands to celebrate India@75, (Azadi Ka Amrit Mahotsav)

Nairobi, 5th February 2022

MacCoffee in collaboration with the Indian High Commission-Kenya and East Fm, celebrated the 75th anniversary of Independence (Azadi Ka Amrit Mahotsav). The event was commemorated by the screening of the historic movie 83. In attendance was the Indian High Commissioner Dr. Virander Paul, Chairman MP Shah Hospital Dr. Manoj Shah ,MacCoffee Regional Head Abhishek Rana and Radio Africa operations Director Bhanu Pratao Singh.
Speaking at the event, The Indian High Commissioner said, “The occasion celebrates what India has achieved over the last 75 years and especially to celebrate the great relationship and friendship that India has with Kenya.”
Also Speaking at the event, MacCoffee Regional Head, Mr. Abhishek Rana said, “We are honored to be here with our partners Indian High Commission and East Fm. We are inspired to celebrate India’s success and the history of India at 75. MacCoffee is glad to be associated with the Cricket team for the past years and will continue to support them. This movie gives a message of resilience and that nothing is impossible.”
In addition, MP Shah Hospital Chairman Dr.Shah, thanked MacCoffee for its relentless support to the frontline workers during the Covid 19 pandemic.

Left MacCoffee regional head Abhishek Rana and Indian High Commissioner enjoy scenes from the movie 83. Images courtesy Bright Spark Media.

MacCoffee Regional Head and the Indian High Commission enjoy a light moment at the celebration of India @75 during the screening of the movie 83. Images courtesy Bright Spark Media.

DEPUTY MINISTER NDETI RESIGNS TO CONTEST FOR MACHAKOS GOVERNOR

Clive Ayuko

Nairobi, Kenya

The Chief Administrative secretary in the Ministry of Transport Hon. Wavinya Ndeti early yesterday morning tendered her resignation to contest for the position of MACHAKOS governor in the forth coming general election to be held later in the year.

Hon. Ndeti walks back Transport and Infrastructure Cabinet Secretary James Macharia shortly after tendering her Resignation. Images courtesy Clive Ayuko

Hon Ndeti handing over resignation notes to Transport and Infrastructure Cabinet Secretary James Macharia at Ministry Boardroom. Images courtesy.

Speaking at the Ministry headquarters in Nairobi as she handed over of her resignation notes to Transport and Roads Minister James Macharia Ms Ndeti said she was grateful for the role assigned to her by President Uhuru Kenyatta and was grateful to serve under the Minister.

Hon Ndeti has previously vied for the position coming in second to current governor Dr. Alfred Mutua in a highly contested election.

Others who have expressed interest to vie for the position include the Office of President Chief of Staff Mr Waita Nzioka, Current Deputy Governor Francis Maliti, Former MACHAKOS Senator Johnston Muthama, Mavoko Member of Parliament Patrick Makau, MACHAKOS Town Member of Parliament Victor Munyaka, county assembly speaker Florence Mwangangi and city lawyer Joel Mbaluka.