Business highlights – February 6, 2018

Business highlights – February 6, 2018

World’s 3rd largest logistics company opens Kenya office

Nippon Express, a Japan-based firm and the world’s 3rd largest logistics company, is set to launch a subsidiary office in Kenya today. The Kenya office is the first business presence in Africa. The Nairobi office, which began operations in August 1, 2017, offers a one-stop service from procurement logistics, optimizing logistics required in product manufacturing processes, to distribution logistics. Nippon Express has been using local agents to export roses and other cut flowers grown in Kenya.

KenGen to build 67 megawatt hydropower plant in Tana River

KenGen has confirmed plans to build a 67-megawatt (MW) hydropower plant in Tana River. The power producer hopes to divert Tana River waters through a dug-out channel that will pour into the proposed Karura dam, minimising displacement of communities. The company aims to increase its hydropower capacity in a bid to stabilise the national grid.

Kenya Airways rejects court order to reinstate sacked employees

Kenya Airways has rejected a High Court directive that it takes back the more than 100 engineers it sacked late last year, arguing that it does not need their services.The national carrier said in court papers filed at the Court of Appeal that it cannot accommodate the technicians who were reinstated last December.

Previous News headlines
Next Sports highlights - February 6, 2018

You might also like

Business 0 Comments

Business news briefs

 Airtel’s humanitarian efforts get Red Cross recognition for emergency relief application Airtel, a leading telecommunication service provider in Kenya has bagged the Annual Kenya Red Cross Humanitarian Effort Award. The

Business 0 Comments

2 things pushed January inflation up to 7% making food more expensive for the ninth consecutive month

The current drought situation has increased the price of food materials pushing inflation up for the ninth consecutive month Between December 2016 and January 2017, Food and Non-Alcoholic Drinks’ Index

Business 0 Comments

Business highlights – August 9 2017 – Lenders move to court to oppose KQ’s restructuring strategy

Kenya’s exports to Tanzania dwindle as Nairobi, Dar trade tiff continues: The exportation of Kenyan products to Tanzania has recorded a 33% decline on the back of a trade spat


No Comments Yet!

You can be first to comment this post!

Leave a Reply