Friday, June 14

East Africa

Burger Consumption in 2023
  • Burger Consumption in 2023 topped on March 10th recording the highest orders in Kenya
  • Kenya ranks number in Sub-Saharan Africa for the highest number of burger orders delivered in the past 12 months.
  • Chicken burgers remain the most popular, with ‘double’ burgers being the norm, and the Smash burger trend sweeping Kenya with a staggering 444 per cent growth.

Kenya has topped sub-Saharan Africa for the highest number of burger orders delivered in the past 12 months. Insights contained in Glovo’s annual report on burger consumption in Kenya show that Kenya saw a 35 per cent increase from May 2023 to April 2024.

This achievement makes Kenya the number one country in Sub-Saharan Africa for the highest number of burger orders delivered, with Nigeria and Uganda following respectively.

It also ranks Kenya second among all African markets in the number of customers with burger orders, just behind Morocco.

In total, …

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Uganda National Oil Company
  • The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices. 
  • UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security. 

Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.

This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.

Breaking New Ground: Uganda National Oil Company Direct Importation Deal

For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …

Lufthansa 000bb931 1600
  • Effective March 1 2023, Lufthansa Group appointed Kevin Markette as the new General Manager for the East African region.
  • This encompasses Kenya, Ethiopia, Uganda, Rwanda, Burundi and Tanzania.
  • Effective June 3, 2023, Lufthansa will expand its current connection from Frankfurt, Germany into Nairobi for the summer flight schedule from five to seven weekly flights.

The Lufthansa Group has re-affirmed its commitment to East Africa by relocating the commercial responsibility for the passenger business back to Kenya.

Effective March 1 2023, Lufthansa Group appointed Kevin Markette as the new General Manager for the East African region.

This encompasses Kenya, Ethiopia, Uganda, Rwanda, Burundi and Tanzania.

With his position and team permanently based in Nairobi, he will be able to better focus on the needs of regional customers and through a physical presence in the region be closer to the market.

Markette succeeds Dr. André Schulz, who has been appointed Head of …

Energy Resources across Africa.Source Research Gate Oghomwen Igbinovia

As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.

Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.

The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.

Currently, Africa’s power is …

mu ri uki

In addition to the Best Bank CEO in Africa award to Muriuki, the EMEA Awards also awarded the Best Bank in Kenya Award to the Co-operative Bank, and the Best Asset Manager award to Co-opTrust Investment Services Limited, a wholly-owned subsidiary of Co-op Bank.

With Kshs 181billion in assets under management, Co-op Trust is one of the largest and most successful locally-owned asset management firms in Kenya.…

www.theexchange.africa
  • Bar and restaurant operators in Kenya have pledged to abide by the protocols to limit the spread of Covid-19
  • They have also offered to have their establishments become vaccination centres following the reopening of their establishments 

Bar and restaurant operators in Kenya have pledged to abide by the protocols to limit the spread of Covid-19 and offered to have their establishments become vaccination centres following the reopening.

The operators’ associations have also asked revellers to abide by the rules to avoid a resurgence of infections that would force the Government to come up with the restrictions that have hampered operations since March 2020.

“The hospitality sector has gone through one of the darkest periods in the history of Kenya,” said Frank Mbogo, the chairman of the Nairobi branch of the Pubs, Entertainment and Restaurants Association of Kenya.

The operators said the lifting of the curfew by President Uhuru Kenyatta and …

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  • The eight agreements cover broad areas of cooperation between Kenya and Malawi including politics, diplomacy, defence, fisheries and aquaculture among others 
  • Kenyatta said collaboration and consolidation of ties between the two countries would guarantee socioeconomic growth of their citizens
  • Previously, Kenyan industrialists have said they are seeking trade linkages that will allow them to establish joint ventures with Malawians

Kenya and Malawi have entered into new bilateral relations by signing eight new agreements designed to strengthen socioeconomic bonds between the two nations.

The agreements were signed on October 22 at State House, Nairobi at the end of bilateral talks between Kenyan and Malawian delegations led by President Uhuru Kenyatta and his Southern Africa counterpart Lazarus Chakwera.

The eight agreements covered broad areas of cooperation between Kenya and Malawi in politics, diplomacy, defence, fisheries and aquaculture as well as cooperative development. Others are technical cooperation in health and tourism. (midwaymoving.com

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  • The Africa Pulse report notes that Sub-Saharan Africa exits recession this year, but recovery is still timid and fragile
  • It adds that the region is reforming, and notes that what is most needed to boost and sustain economic recovery is financing

The World Bank now says that Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 per cent in 2021.

This is one per cent higher than the April 2021 forecast according to its latest edition of Africa’s Pulse.

The bank said that the rebound is currently fueled by elevated commodity prices, a relaxation of stringent pandemic measures, and recovery in global trade.

“Commodity prices remain well above their pre-pandemic levels, with several reaching all-time highs. Oil prices rose above their pre-pandemic levels in the first half of 2021 but have plateaued more recently due to demand …

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Kenya’s Purchasing Managers’ Index (PMI) fell from 51.1 in August to 50.4 in September, signalling an overall improvement in operating conditions.

The PMI survey commissioned by Stanbic Bank indicated that the pace of improvement was marginal and was the weakest seen in the current five-month sequence of growth.

During the month, output and new orders rose, driven by a continued recovery in demand from the strict lockdown earlier in the year.

Exports were also a key source of growth, as foreign orders increased at the fastest rate since October 2020.

Business activities in Uganda continue to rise

Impact of Fuel Hike

The survey found that a rise in living costs had weakened consumer spending, leading to a softer – and only marginal – rate of total sales growth.

Subsequently, the rate at which business activity expanded was the slowest seen since the return to growth
following April’s lockdown-induced decline.

The …

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