Kenya airways in trouble as loss deepen to US$74 million

Fuel, personnel and cost of aircraft remain top drivers of the airline’s costs

Kenya’s national carrier-Kenya Airways has posted a Ksh7.558 billion (USD74.6 million ) net loss for the year ended December 2018, as higher operating costs continue to eat into its improving revenues.

The airline which has changed its reporting period (end year) from March 31 to December 31, had a Ksh6.418 billion (USD63.5 million) loss in the 9-month period between April 1, and Dec 31, 2017.

This is despite the airline’s growth in total revenue for the 12 months which increased to Ksh114.45 billion (USD1.13 billion), compared to Ksh80.79 billion (USD789.7 million) for the nine month period ended December 31, 2017.

According to the management, fuel, personnel and the cost of aircraft remain the top three drivers of the airline’s costs, contributing to about two thirds of total operating costs.

“Fuel price volatility remains a major challenge for airlines around the world, and Kenya Airways is no exception,” Chairman Michael Joseph said as the carrier released its results on Tuesday.

According to KQ’s management, the price of oil per barrel saw an upward trend from the beginning of the year before reducing in the last three months of the year.

“As a result we saw our fuel costs rise by 73.6 per cent from Ksh19 billion (USD187.8 million) incurred in the nine months period in 2017 to Ksh33 billion (USD362.2 million) in the full year ended December 2018. The total cost of fuel in the 12-month period of 2017 was Sh25.5 billion(USD252.1 million), a 30 per cent increase,” Joseph said.

Fleet ownership costs also increased to Ksh18.9 billion (USD 186.9 million) from a restated amount of Ksh12.5 billion (USD 123.6 million) incurred in the previous nine months.

“The 2018 results are not directly comparable with the 2017 results as it is a representation of 12 months against the nine months in 2017. Were the 2017 results to be annualized, there would have been improvement in the results for the year,” the management notes in its financial statement for the year under review.

KQ has been struggling with loses since 2015 when it reported a Ksh25.7 billion loss (USD254.1 million). Things worsened in 2016 when the airline sunk deeper into losses reporting a loss of Ksh26.2 billion (USD259 million).

READ:Kenya Airways posts a $38.7 million loss in 2018 half year results

The carrier has however been making strides in improving its revenue stream through a number of initiatives, including additional routes.

Last year, growth in passenger revenue boosted its total revenues from Ksh63.9 billion (USD631.7 million) in the previous nine month period of 2017 to Ksh88.7 billion (USD876.9 million) in the year ended December 31, 2018.

Passenger numbers were 4.84 million at close of December 2018, while the nine-month period ended December 2017 recorded 3.43 million passengers. The airline achieved a cabin factor of 77.6 per cent (12 months compared to 76.2 per cent in the nine months of 2017.

In addition to the growth in passenger revenues, revenue from cargo amounted to Ksh8.68 billion (USD85.8 million) for the year 2018 compared to Ksh5.7 billion (USD56.4 million)  in the nine months of 2017.

“Kenya Airways continues to focus on delivering the turnaround programme that we embarked on in 2016. In the last year ended December 31, 2018, the capital optimization programme dubbed ‘project safari’  was completed. We have also undertaken various actions to ensure financial and operating efficiency to enhance business sustainability,” Joseph said.

KQ hired Polish CEO Sebastian Mikosz in 2017 to help turnaround the loss making carrier.

READ:Polish CEO Mikosz taxiing Kenya airways back to profit runway

The carrier is hoping its new routes, including the long haul Nairobi-New York route which commenced in October last year, will help boost its revenues as it works on its turnaround strategy.

ALSO READ:History made: From Kenya to New York with KQ’s inaugural direct flight

“We are on the right direction to turn this airline around and make it once more the pride of Africa,” Joseph had said last year when the carrier narrowed its losses to Ksh4 billion(USD39.6 million)  in half year to June 2018.

 

 

 

 

No loan? What Kenyatta secured at China Belt and Road Summit

Kenya has deferred extension of the SGR project, secures avocado deal

As global leaders and the business community met in Beijing, China, for the second Belt and Road Forum for International Cooperation (BRF), Kenyan’s were keenly watching to see what will unravel.

The forum which took place last week brought together about 37 Heads of States, top government officials and business leaders from over 100 countries, who met to discuss issues of inter-continental connectivity for global trade.

A project of President Xi Jinping, China is using the Belt and Road Initiative (BRI) to enhance both China’s development and its cooperation with global partners.

President Uhuru Kenyatta led a strong delegation from Kenya to the summit which also included High Level Heads of State Meetings and sideline business forums.

It had earlier been expected the government will use the Beijing meeting to secure additional funds from China for construction of Phase 2B of the Standard Gauge Railway (SGR).

As per earlier reports, including confirmations by government officials, Kenya had hoped to secure a Ksh370 billion (USD3.65 billion) loan for development of the project whose Phase One (472 kilometre Mombasa —Nairobi line) is currently operational.

It was constructed by China Road and Bridge Corporation (CRBC) on a Ksh327 billion (USD3.2 billion) loan from the Exim Bank of China, with operations commissioned by President Kenyatta on May 31, 2017.

Phase 2A is being developed by a sister company-China Communications Construction Company (CCCC), funded by the Chinese at a cost of Ksh150 billion (USD1.48 billion).

The 120-kilometre line which runs between Nairobi-Mai Mahu and -Duka Moja, a small centre between Suswa and Narok town, is 90 per cent complete.

READ:As SGR heads to Naivasha, Cargo to Nairobi still not off the ground

The government needs funds for Phase 2B (Duka Moja-Kisumu) and the final stretch (Phase 2C) connecting Kisumu to the Kenyan-Ugandan border of Malaba.

In a recent meeting at the Chinese Embassy in Nairobi (March 19), Kenya Railways acting Managing Director Philip Mainga had said the government  was keen to secure funds during the BRF meeting.

“We hope to sign phase 2B during the meeting,” Mainga said, “Kenya Railways is working with the Chinese government in achieving the commitment we have on the 974 kilometre Mombasa-Malaba SGR project.”

Loan or no loan?

Efforts by the government to secure the facility, however seems to have hit the rocks, with the government shifting its position on borrowing from the Chinese to fund the remaining parts of the project.

According to reports, China failed to agree on the terms of the loan that the Kenyan government had proposed.

It is said the government had asked for half of the money to be given as a grant and the remaining be a loan with more flexible terms.

The Chinese on the other hand are said to prefer collateral, something the Kenyan government is keen to avoid.

This is in the wake of a ballooning debt portfolio which hit USD53.3 billion (about Ksh5.406 trillion) in December, nearly double the country’s annual budget.

Kenya’s debt obligation to Beijing, mainly for infrastructure development, closed 2018 (December) at USD6.2 billion (Ksh628. 9 billion). This is up from USD5.3 billion (Sh537.6  billion) a year earlier.

READ:Is China setting a debt trap on Kenya?

Traditionally, the Chinese have used grants and interest-free loans to rope in least developed countries to its Belt and Road Initiative.

On Saturday,( March 27) the government dismissed claims that it had failed to secure funds for the extension of the SGR from Naivasha to Kisumu at the forum, where President Kenyatta met his host Xi Jinping.

“It is important to note that the question of funding for the extension of the Standard Gauge Railway from Naivasha to Kisumu was not on the agenda of the meeting between the two Presidents,” State House Chief of Staff Nzioka Waita said in a statement.

“Whilst making it clear that the Government of Kenya did not discuss any funding proposals for the extension of the SGR at this meeting, it is very critical to state at this point that the SGR project is a regional project and the complexities in negotiating its completion involve several countries and securing financing for its completion could take several years of intricate negotiations,” he added.

Transport Cabinet Secretary James Macharia has since said the SGR, which has reached Mai Mahiu, will now be linked to the old Meter Gauge Railway (MGR) to allow transportation (mainly cargo) into the hinterland mainly Uganda.

“We have about forty three kilometers between Naivasha SGR and Naivasha MGR. The meter gauge is an investment that was made many years ago, it is being used to transport goods to Uganda and therefore we have to make sure that that connectivity in Naivasha is quickly addressed,” Macharia said.

“One of the things we are discussing in this visit is how we can quickly close that gap in Naivasha and we have already good proposals to make sure that when we finish the SGR in August, we can  move goods from Naivasha SGR to Naivasha MGR. That way then we have a seamless movement of goods all the way from Mombasa to Kampala,” the CS added.

What President Kenyatta secured

Shifting focus from the SGR loan, the government has affirmed President Kenyatta did not return home empty handed.

The President who participated at both the Summit and High Level Heads of State Meetings oversaw the signing of a trade agreement for the export of frozen avocados from Kenya to China.

This follows the signing of an MoU on Sanitary and Phytosanitary Standards late last year for the export to China from Kenya of various horticultural products.

“The trade agreement on avocado which is a huge boost to our farmers marks the beginning of a new chapter in our relations with China that aims to address the trade imbalance and promote mutual economic benefit,” Waita said.

Current trade is in favour of China. According to the Kenya Economic Survey 2019, released last week, imports from china were valued at Ksh370.8 billion (USD3.65 billion) in 2018, against Ksh11.1 billion (USD 109.4 million) worth of exports.

READ:Kenya’s biggest trading partners, Uganda tops EAC

The second item on the agenda was the signing of a Framework Agreement between the Kenya National Highways Authority and the China Road and Bridge Cooperation, for the construction of Kenya’s first expressway from Jomo Kenyatta International Airport (JKIA) to Westlands.

This landmark project aimed at decongesting Nairobi City is privately funded through the Public Private Partnerships legal framework.

The third item was the signing of a financing agreement valued at Ksh17 billion (USD 167.6 million) between the government of Kenya and China EXIM Bank, for the construction of the Konza Technopolis Data Center and IT infrastructure.

“Construction of basic infrastructure at the Konza Technopolis is in the final stages of completion and this IT project will enable the special zone to be operational by 2020. This is a huge milestone for the project conceived over 10 years ago and will be a significant source of jobs in the technology sphere,” State House said.

President Kenyatta also highlighted to his counterpart plans by the government to break ground on the Industrial Park and Dry Port to be constructed at the Naivasha Special Economic Zone by June 2019.

He has since welcomed Chinese companies interested in establishing industries in Kenya’s Special Economic Zones to visit the site.

The Industrial Park and Dry Port are expected to serve the country and neighbouring states of Uganda, Democratic Republic of Congo, Rwanda and South Sudan.

The Kenyan government shared its short term plans to rehabilitate the existing meter gauge railway to the Port of Kisumu “to ensure seamless interconnection with the SGR at the Naivasha facilities.

“SGR remains an essential project of Kenya’s Vision 2030 strategy and a key enabler of regional economic growth within East and Central Africa. As a Pan-Africanist, President Kenyatta remains committed to laying the necessary foundation for the trans-African rail and road infrastructure that will transform intra-African Connectivity and Trade for the economic benefit of over a billion Africans,” Waita noted in his statement.

During the summit, President Kenyatta called for the full participation of the private sector in the Digital Silk Road Initiative, “for seamless connectivity to be attained as envisioned by the BRI.”

As global leaders and the business community met in Beijing, China, for the second Belt and Road Forum for International Cooperation (BRF), Kenya was keen to secure a Ksh370 billion (USD3.65 billion) loan from China for extension of its Standard Gauge Railway to its border with Uganda. President Uhuru Kenyatta however oversaw the signing of a trade agreement for the export of frozen avocados from Kenya to China among other deals.
Presidents Uhuru Kenyatta and Xi Jinping.

According to Kenyatta, it is important to strengthen connectivity, open up markets, commit to rule based international trade, strengthen multilateral cooperation and ensure that development pursued is people centered, sustainable and ensures shared prosperity.

Chinese President Xi Jinping said USD64 billion in deals were signed at a summit on his Belt and Road Initiative and more nations would join the global infrastructure programme as he sought to ease concerns over the colossal project, Agence France-Presse reported. The US did not send any representatives to the meeting.

Beijing has pledged to ensure that projects on the new Silk Road are green and financially sustainable following concerns about debt and environmental damage.

“We are committed to supporting open, clean and green development and rejecting protectionism,” Xi told journalists at the end of the forum.

Washington, India and some European states have looked at the project with suspicion even as China continues to work around strengthening its global influence with a keen eye on Africa.

READ:How China plans to beat US in capturing Africa

ALSO READ:US-China rivalry to shape Kenya, Africa’s foreign policy in 2019

President Jinping’s foreign policy is said to focus on re-inventing the ancient Silk Road to connect Asia to Europe and Africa through massive investments in maritime, road and rail projects, with hundreds of billions of dollars in financing from Chinese banks.

READ:How Trump will beat China in Africa

 

Kenya’s crude oil to hit global market this year

The first batch is intended to test the international markets

Kenyan crude oil could test the global markets before the end of this year, latest developments indicate, as stocks of the commodity continue to pile up at a storage facility in the port city of Mombasa.

In its latest operational update for the period January 1-April 25, 2019, British firm-Tullow Oil plc (Tullow), says the first export cargo is expected in the third quarter of 2019, even as exploration and drilling intensifies in the Turkana region.

This comes as the Early Oil Pilot Scheme continues to truck 600 barrels of oil per day (bopd) to Mombasa, where 80,000 barrels of oil are being stored ahead of export.

READ:Kenya oil exports gains momentum as Tullow bounces back to profitability

The crude oil from the Turkana oil fields is being stored at the defunct Kenya Petroleum Refineries Ltd (KPRL) (refinery) facility at Changamwe, Mombasa.

“Following receipt of regulatory authority approval, which is expected shortly, production will be increased to 2,000 bopd, with the first export cargo expected in the third quarter of 2019,” the firm notes.

Tullow has been searching for buyers of Kenya’s small-scale crude petroleum exports since last year ahead of the first shipment, with a number of unnamed potential buyers said to have expressed interest.

“Tullow has begun to market Kenya’s low-sulphur oil ahead of the first lifting with initial market reactions being very positive,” Tullow said in a recent statement.

Petroleum Principal Secretary Andrew Kamau had earlier revealed that buyers from Europe, India and China had expressed interest Kenya’s crude oil, though the government remains mum on the exact potential buyers.

Sources within government revealed to The Exchange that the country has reached out to at least 18 global oil refinery firms for uptake of its first crude oil.

According to the government, the first batch is intended to test the international markets’ reception to the country’s crude oil before commercial production picks. Tullow plans to commit to commercial oil production later this year.

“Tullow continues to target a Final Investment Decision (FID) in Kenya by year-end although this remains an ambitious target,” the management said this week.

The firm is finalising its Front End Engineering Design (Feed) studies for the planned construction of a crude oil pipeline from Turkana to Lamu, where the country is developing its second major sea port.

“Tullow is finalising its FEED studies for both the upstream and midstream, and both the upstream and midstream ESIAs (Environmental and Social Impact Assessments) remain on track for submission to the National Environmental Management Agency at the end of the second quarter,” CEO Paul MCDADE said.

“The government of Kenya, via the National Land Commission, has gazetted the land required for the upstream development in Turkana and, so far, approximately two-thirds of the pipeline. Discussions with government regarding key commercial agreements are making steady progress. A late 2019 FID remains contingent on these key government of Kenya deliverables,” the management notes in its update.

Oil pipeline

Kenya is looking forward to the development of an 892-kilometre crude oil pipeline from the oil fields in the Northern region of Turkana to the Coastal County of Lamu.

Last year, Tullow hired Wood Group (Plc) to design the pipeline needed to pump crude from the Lokichar fields to Lamu, with commercial production and exports anticipated for 2021/2022.

The cost of the pipeline is estimated at USD1.1 billion (Ksh111.6 billion), with a further USD2.9 billion (Ksh 294.1 billion) needed for upstream operations.

Other investors in the country’s oil projects include Canada’s Africa Oil and France’s Total. Kenya’s government is expected to take a stake through the state-owned National Oil Corporation of Kenya (NOCK).

Australia’s Worley Parsons has been tasked as the engineers for Tullow’s oil blocks.

According to Tullow, the Amosing and Ngamia fields have estimated contingent resources of about 560 million barrels, with plateau production potentially reaching 100,000 barrels per day.

Tullow and its joint venture partners have proposed to the Kenyan government that the Amosing, Ngamia and Twiga fields be developed as the foundation-stage of the South Lokichar Development.

This foundation stage includes a 60,000 to 80,000 bopd central processing facility and the export pipeline to Lamu.

The installed infrastructure from this initial phase is expected to be utilised for the optimisation of the remaining South Lokichar oil fields and future oil discoveries, allowing the incremental development of these fields to be completed at a lower unit cost post the first oil production.

Total gross capex associated with the foundation stage is expected to be approximately USD3 billion (Ksh304.3 billion).

Last year, Tullow had earmarked USD70 million (Ksh7.1billion) for investment in its Kenyan operations.

The company has spent more than US$1 billion (Ksh101.4 billion) to prospect for oil and develop of wells in the country.

Kenya’s readiness

In March this year, President Uhuru Kenyatta signed into law a Bill outlining how oil revenues will be shared between the national government, counties and local the communities.

Under the new Petroleum Act, county government from where oil is produced will enjoy 20 per cent of revenue from petroleum operations, while five per cent will go to local communities living around the oil fields.

The national government will retain a bigger chunk which is 75 per cent of the revenue.

The law is expected to address concerns mainly by locals who last year paralysed the pilot evacuation of the commodity by road to Mombasa.

READ:Tullow Oil suspends operations in Turkana citing insecurity

The new law however halves the 10 per cent earlier awarded to locals in a previous bill passed by Parliament ( in 2016),  which went unsigned by the President.

On safeguarding and managing resources from oil and other natural resources, the government is working on a Sovereign Wealth Fund, expected to be in place before the country becomes a net oil exporter.

During his State of the Nation address on April 4, the President said his administration will be presenting the Sovereign Wealth Fund Bill during the current session of parliament, a move that could see the fund created before the end of his second term (2022).

The bill proposes creation of a Fund and provides a legal framework to guide the investment of revenues from oil, gas, mineral and other natural resources.

The Fund, as proposed in the bill, comprises three critical parts which include  a Stabilization Fund, an Infrastructure and Development fund; and a Future Generation Fund.

“We are a country blessed with natural resources, which, if properly managed, will transform in a big way our nation and the welfare of our people,” the President said, “It must be our solemn duty as a State to manage those resources sustainably for the fair and equitable benefit of both present and future generations.”

Sovereign Wealth Funds are state-owned investment fund’s whose source of revenue is most often balance of payments surpluses, fiscal surpluses and in particular resource revenues.

In February, the National Treasury invited Kenyans to give views on the draft Sovereign Wealth Fund Bill, 2019 and on Kenya’s draft Sovereign Wealth Fund Policy.

If implemented, Kenya will join the likes of Angola, Rwanda, Libya, Morocco, Nigeria and Botswana, African states which have establishing wealth funds in their respective countries.

Globally, Norwegian Sovereign Wealth Fund remains one of the best examples with a value of more than $1 trillion (about Ksh101.4 trillion).

Data by the Sovereign Wealth Fund Institute shows over 65 economies, majority of them resource-rich countries, own at least one wealth fund.

Lack of proper management of oil and mineral proceeds have been blamed for the never-ending resource-linked conflicts in Africa, with the resources being viewed as a curse rather than a blessing as millions lurch in poverty despite the continent being resource rich.

Multinationals and their respective countries have been accused of reaping billions by repatriating profits and raw commodity, with little benefit going to local communities and host nations.

ALSO READ:Rights bodies calls for greater scrutiny of Kenya’s Turkana oil revenues

 

 

Kenya’s biggest trading partners, Uganda tops EAC

China dominates as Kenya’s top import source globally 

Uganda is Kenya’s biggest trading partner within the East Africa Community (EAC), latest data show, with China dominating the global scene.

The Economic survey (2019) shows total trade volumes (import and exports) between Kenya and Uganda in the year 2018, were valued at Ksh111.3 billion (USD1.09 billion).

Tanzania comes in a distant second with a total trade value of Ksh47.6 billion (USD468.9 million) while Rwanda is third with Ksh19 billion (USD187.2 million).

Trade with DR Congo, South Sudan and Burundi, mainly export markets for Kenya, were valued at Ksh15.2 billion (USD149.6 million), Ksh12.9 billion (USD127.1 million) and Ksh6.6 billion (USD65.02 million) respectively.

Uganda

During the year under review, Uganda increased the value of its exports to Kenya by 17.6 per cent to close at Ksh49.4 billion (USD486.7 million), from Ksh42 billion (USD413.8 million) in 2017.

READ:Uganda keen on enhancing exports to EA region

“The value of imports from Uganda rose largely driven by increased imports of maize, sugar, milk and animal feeds,” the Kenya National Bureau of Statistics (KNBS) has noted.

Kenya however exported more to her neighbour where total volumes were valued at Ksh61.9 billion (USD 609.9 million),a slight increase from Ksh61.8 billion (USD608.9 million).

Uganda exports to Kenya include wood and articles of wood, wood charcoal, fodder, mineral, cereals, dairy products, honey, edible products, sugars and sugar confectionery, coffee, tea, mate and spices, tobacco and manufactures tobacco substitutes among other products.

In return, Kenya exports salt, sulphur, earth, stone, plaster, lime and cement, mineral fuels, oils, distillation products, plastics, pharmaceutical products, vehicles, beverages, spirits and vinegar, soaps, lubricants, waxes, candles, modeling pastes among others.

Tanzania

The value of imports into Kenya from Tanzania increased by 3.5 per cent to Ksh17.8 billion (USD175.4 million) up from Ksh17.2 billion (USD169.5 million), mainly on live animals, cereals, beverages, spirits and vinegar, fertilizers, mineral fuels, oils, distillation products and textile articles.

Kenya exports to Tanzania on the other hands gained marginally to close at Ksh29.8 billion (USD293.6 million) from Ksh28.5 billion (USD280.8 million), despite the existing tariffs and Non-Tariff Barriers (NTBs) between the two states.

READ:Kenya, Tanzania mistrusts ripping apart the EAC

Last year, the two EAC member states were entangled in a trade war after Dar es Salaam denied unrestricted entry of Kenyan made chocolate, ice cream, biscuits and sweets entry into its market.

Nairobi retariated by imposing new tariffs on Tanzania products such as flour with both breaching the EAC common market protocol, which allows free movement of locally manufactured goods.

Presidents Uhuru Kenyatta and John Magufuli have on several occasions directed their ministers to resolve outstanding trade disputes, to pave way for increased trade between the two countries and the region as a whole.

ALSO READ:Why Magufuli, Kenyatta are worried over Kenya-Tanzania borders

Rwanda and the rest of EAC

The President Paul Kagame led country lost ground on its exports to Kenya where the value dropped by 29.4 per cent to close at Ksh1.2 billion (USD 11.8 million) from Ksh1.7 billion (USD16.7 million) in 2017.

This is expected to further dwindle based on the recent tiff with Uganda which has led the closure of borders, with Uganda being the main transit route between Kenya and Rwanda.

Kenya’s exports to Rwanda however surged to Ksh17.8 billion (USD175.4 million) from Ksh17.1 billion (USD168.5 million) in value.

Those to DR Congo, South Sudan, and Burundi however dropped to Ksh15.2 billion (USD149.6 million), Ksh12.9 billion (USD127.1 million) and Ksh16.8 billion (USD165.5 million), from Ksh18.9 billion (USD186.2 million), Ksh6.6 billion (USD 65 million) and Ksh7.4 billion (USD72.9 million) respectively.

“This was occasioned mainly by the political instability in these regions,” a trade expert told The Exchange.

EAC and Africa

Kenya’s total imports (value) from her EAC peers totaled Ksh68.4 billion (USD 673.9 million) an upward trend compared to Ksh60.9 billion (USD 600 million) the previous year.

READ:EAC bloc has made significant gains in reducing trade bottlenecks

The East Africa economic power house however lost ground on her exports to the regional markets where the total value dropped 1.9 per cent to close at Ksh129 billion (USD1.27 billion), from Ksh131.6 billion (USD1.29 billion) the previous year.

In the continent, South Africa topped as Kenya’s biggest trading partner with the trade being in favour of the southern country.

This is on the Ksh64.7 billion (USD637.4 million) worth of imports from SA up from Ksh61.9 billion (USD609.8 million), against exports valued at Ksh4.4 billion (USD43.3 million). Kenya however gained 57.1 per cent from Ksh2.8 billion (USD 27.6 million) a year earlier.

Other notable trading partners in Africa include Egypt where the country exported to, goods worth Ksh201. Billion (USD198 million), and Somalia whose imports from Kenya in the year amounted to Ksh15.1 billion (USD148.8 million).

Imports from Swaziland were valued at Ksh8.6 billion (USD84.7 million) a drop from Ksh11.2 billion (USD110.3 million ) in 2017, while those from Zambia closed the year at Ksh6.9 billion (USD67.9 million) after dropping from Ksh7.7 billion (USD75.8 million).

Mauritius, another key trading partner exported goods worth Ksh6.1 billion (USD 60.1 million) to Kenya, a drop compared to Ksh7.3 billion (USD 71.9 million) in 2017.

During the year, total imports from the African market were valued Ksh205.9 billion (USD 2.03 billion) a slight increase from Ksh200.5 billion (USD 1.98 billion) the previous year.

That of exports however dropped slightly, by 3.4 per cent, to close at Ksh216.2 billion (USD 2.13 billion) compared Ksh223.9 billion (USD 2.21 billion) the previous year, meaning Kenya lost its export market share in intra-Africa trade.

China and the World

China continues to dominate as the top source of imports into the country in the global scenario, despite losing five percentage points on its trade with Kenya last year.

READ:US-China rivalry to shape Kenya, Africa’s foreign policy in 2019

According to the survey released this week, imports from china were valued at Ksh370.8 billion (USD3.65 billion) in 2018, a slight drop from 390.6 billion (USD3.85 billion) the previous year.

India comes in a distant second where imports from the Far East nation totaled Ksh185.3 billion (USD1.83 billion). This was however an increase from Ksh170.4 billion (USD 1.68 billion) worth of imports into the country in 2017, mainly on account of medicinal and pharmaceutical products.

The drop in the value of imports from china is seen as a result of reduced importation of machinery and equipment, related to the construction of the standard gauge railway, whose phase two-Nairobi-Mai Mahiu is 91 per cent complete.

Major Chinese imports to Kenya include machinery, electronics, motorcycles, motor vehicles spare parts, furniture and clothes.

Other top import sources for the country are Saudi Arabia and the United Arab Emirates (UAE), where total imports were valued at Ksh172.7 billion (USD 1.70 billion) and Ksh147 billion (USD 1.45 billion ) respectively.

The Asian continent remains the top source of imports into the country having closed at a total of Ksh1.168 trillion (USD 11.5 billion) in value last year.

It is followed by Middle East whose imports closed the year at Ksh355.7 billion (USD3.50 billion).

Imports from Europe and the US were valued at Ksh292.6 billion (USD2.88 billion), and Ksh85.9 billion (USD846.3 million) respectively last year.

READ ALSO:How Trump will beat China in Africa

Exports to china last year were valued at a paltry Ksh11.1 billion (USD 109.4 million) with the total exports to Asia closing at Ksh180.9 billion (USD1.78 billion).

“The increase in exports to Far East was largely due to significant improvement in exports to India, China, Thailand and Afghanistan,” KNBS notes in its survey.

According to the official government statistics, trade balance widened by 1.4 per cent to a deficit of Ksh1.147 trillion (USD11.30 billion) in 2018, from a deficit of Ksh1.131 trillion (USD 11.14 billion) in 2017.

“The growth of exports weakened in 2018 compared to the strong performance recorded in 2017, as increased uncertainties in the global trade led to constrained external demand,” KNBS Director General Zachary Mwangi noted during the release of the survey in Nairobi.

Kenya’s top exports include tea, horticulture, articles of apparel and clothing accessories, coffee, titanium ores and concentrates, collectively accounting for 62 per cent of the total domestic export earnings.

“The rise in exports was mainly as a result of increase in exports of horticultural products, while the slowdown in import growth was attributable to decline in imports of food due to favourable weather conditions as well as a reduction in the value of machinery and transport equipment imports,” Mwangi said.

The government has prioritized growth of the manufacturing sector, under the big four agenda, with a key focus on value addition on local produces, as it seeks to bridge the trade deficit and increase the sector’s contribution to the GDP.

“We have been implementing various initiatives to support manufacturers. This includes cutting by half the cost of electricity for industries,” National Treasury CS Henry Rotich said.

READ:Five ways Kenyan government bets will boost manufacturing sector

New plan to grow Ford’s vehicle market in Kenya

NIC Bank and CMC Kenya have entered a deal for Ford Ranger vehicles

CMC Motors, the sole distributor of the Ford Ranger vehicles, and NIC Bank, have signed a partnership agreement that will see CMC- Ford customers receive up to 95 per cent financing on all Ford ranger vehicles.

The deal is based on a 60-months-repayment plan, the latest in an effort to grow the uptake of commercial motor vehicles in the country.

This promotion scheme will ease the acquisition of Ford Ranger vehicles as customers will be able to enjoy maximum loan tenure of 60 months; 60 days repayment holiday after vehicle release and insurance services arranged through NIC bank.

Speaking in Nairobi during the signing ceremony of the financing deal, CMC Motors Group CEO Noel Mabuma said: “Given the vast expertise in financial services from Al Futtaim, CMC is proud to launch the interest subvention scheme that will ease the acquisition of the Ford range of vehicles.”

A Ford Ranger customer for example who seeks to purchase a vehicle worth Ksh 4,395,000 (USD 43, 296) will only be required to pay Ksh95,000 (USD935.87 ) for a period of 60 months.

“His or her first payment will only be required after 60-days of vehicle delivery,” Mabuma noted.

With the current financial support coupled with Ford Protect, it is now even easier to own a Ford with peace of mind through CMC, Ford and NIC bank, the two noted in a joint statement.

Ford Protect is a maintenance and service plan available for any Ford in the model line up in Kenya.

“With Ford Protect, all the owner needs to think about is driving, insurance cover and tire replacement. You can choose the premium service offering from three years 60,000 kilometres to eight years for 300,000 kilomteres. The reason for this is the confidence behind the robust workmanship of the products,” CMC notes.

Ford protect can be bundled in the CMC-NIC financing plan and for any Ford Everest and Ranger double cab, it is free for three years covering or 100,000 kilometres  whichever comes first.

NIC Bank Executive Director Alan Dodd has lauded the partnering with CMC, saying it will reinforce NIC position as the leading bank in asset finance in the country.

READ:NIC Bank, Toyota Kenya in unique asset financing scheme

“By virtue of our strengths in our product offering, this strategic partnership for all Ford Models presents a strong value proposition to SMEs and individual customers who are keen on expanding their businesses and buying new assets but face strained cash flows due to ever fluctuating economic situations in the business environment,” Dodd said.

He added that customers will now be able to apply for asset finance loans through the newly launched online portal that is available on the bank’s website. Through this, customers will get approvals in 24 hours, the quickest turnaround time in the market.

ALSO READ:Toyota, NIC Bank offer customers 90 days repayment holiday on cars

UK firm kicked out of Nairobi Securities Exchange

It was suspended from trading at the NSE in May 2017

Troubled logistics firm-Atlas Development and Support Services (ADSS) has been delisted from the Nairobi Securities Exchange (NSE) .

The delisting took effect on April 25, bringing to an end a five-year stint at the Nairobi bourse.

Registered in Guernsey, UK, in 2002, Atlas was admitted to trade at the NSE in December 2014, where it was cross-listed in the London Stock Exchange (LSE)’s Alternative Investment Market (AIM) segment.

In December 2015, the firm decided to close its operations in Kenya, placing its Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation after financial headwinds.

The firm had hoped the closure of the Kenyan subsidiaries, Ardan Logistics Kenya Ltd, Ardan (Medical Services) Ltd and Ardan (Civil Engineering) Ltd, would improve the group’s overall cost base.

Two years later (May 2017), it was suspended from trading at the NSE following resignation of its Kenyan nominated advisor I&M Burbidge Capital.

The Nairobi move came after the firm had been delisted at the LSE in the same month, following the resignation of its Nominated Advisor, Stifel Nicolaus Limited.

READ:Atlas suspended from trading at LSE

NSE chief executive officer Geoffrey Odundo had then attributed the decision to the firm’s “unresolved issues at the London Stock Exchange” where it had been suspended following the resignation of its nominated adviser.

Atlas had also failed to prepare and publish its financial statements from December 31, 2015 to date, hence failing to comply with the continuing listing obligations.

The Nairobi headquartered logistics firm also did not have a Kenyan nominated advisor, and no updates have been made by the company to the shareholders and the general public regarding their closing down process.

“Notice is hereby given on the mandatory delisting of Atlas Development and Support Services from the Nairobi Securities Exchange (NSE) effective April 25, 2019,” NSE said in a statement on Friday.

“This follows the closing down of the company’s operations; the deregistration of the company in its country of incorporation under the Guernsey laws and failure by the company to adhere to regulatory requirements from the year 2017 when the security of the company was suspended from trading on the NSE,” the bourse added in its public notice.

The delisting has been approved by the Capital Markets Authority (CMA).

It now winds up Atlas’s existence in the Kenyan market, a blow to investors and shareholders who had hoped of its possible turnaround or listing in another stock.

The firm has had previous troubles including tax evasion claims in Ethiopia, a market it had entered through the acquisition of TEAP Glass.

The Ethiopian Revenue and Customs Authority seized USD2.4 million from the subsidiary’s account to clear the tax liability.

The Nairobi-headquartered support services and logistics company was listed on the Growth Enterprise Market Segment (GEMS) of the NSE, after it had (then) raised USD5 million through a private placement to Kenyan investors.

According to the then CEO Carl Esprey, the firm had hoped to tap the growing opportunity in the region as well as leverage on local content.

“The strong interest from Kenyan investors is recognition of the opportunity to create a world class development and support services provider in Eastern Africa,” Esprey had said during the listing.

ALSO READ:How NSE is preparing small companies for listing at the bourse

 

 

 

PEWIN CABS invests Ksh100 million in Kenya, rebrands to PTG Travel

It has invested Ksh100 million to grow its fleet

Pewin Cabs has officially rebranded to PTG Travel in a bid to increase its market share by offering diversified service in the Kenyan market.

The firm, which is now moving beyond cabs after 10 years, was among the first to launch its cab-hailing App in 2013, a move that contributed significantly to corporate transport solutions in Kenya.

Speaking at the launch of PTG Travel, Managing Director Justus Kirigua, said: “We are excited about the opportunities the new brand offers us.  The transition to PTG Travel is anchored on a three-year growth strategy which includes a Ksh100 million investment to grow our fleet and increase our services to include Bus services, VIP Services and Charter Flight.”

The sum invested translates USD986,232.

Mr. Kirigua has since assured the existing customers that even with the identity change, the firm will continue to deliver greater convenience to clients.

“To help our clients manage their logistics costs, we have enhanced our APP for increased transparency and accountability,” Kirigua said.

Nairobi County Roads, Transport and Infrastructure Executive Hitan Majevdia who graced the event said:”We are proud of PTGs strategy to innovate the transport sector in Kenya. Services like corporate transport sharing and Air Charter will greatly enhance road safety and ease congestion on our roads.”

PTG Travel is eying to enter two East African countries using its current corporate client franchise model in the near future, Kirigua said , as the company seeks to transform corporate transport landscape in Africa.

The move to rebrand comes at a time when tourism numbers continue to improve in the country thus increasing demand for tourism travel.

Last year, number of international arrivals hit 2, 025, 206 compared to 1, 474, 671 in 2017, an increase of 37.33 per cent.

Moreover, foreign companies continue to show interest in setting up shop in the country due to the continued government’s efforts in improving ease of doing business in the country.

Last year, over 20 new UK companies announced plans to set up in Kenya during UK Prime Minister Theresa May visit in the Country.

Speaking about the opportunity to give back to the community, Mr. Kirigua concluded:”There are different modes of transport, and majority of people in our country actually walk to their places of work. We need to improve the walk paths, and make provision for bike lanes. This is something PTG would love to do as part of CSR for the industry.”

ALSO READ:Investing in Kenya’s logistics space

How Kenya managed to grow its economy by 6.3%

The economy generated 840,600 new jobs compared to 787,800 in 2017

Kenya’s economy expanded by 6.3 per cent in 2018, the economic survey released on Thursday indicates, a notable comeback from a 4.6 per cent growth recorded the previous year.

This came as the country recovered from the effects of the persistent drought experienced in 2017, coupled with uncertainties associated with general elections held in the same year.

READ:Kenya’s economy falls below Tanzania and Rwanda, records 4.9% growth

The growth has principally been attributed to increased agricultural production, accelerated manufacturing activities, sustained growth in transportation and vibrant service sector activities.

“Agricultural activities benefited from sufficient rains that were well spread throughout the country,” Kenya National Bureau of Statistics (KNBS) Director General Zachary Mwangi said during the launch of the Economic Survey (2019) in Nairobi.

Similarly, the increased precipitation was a significant boost to electricity generation and consequently favourable to growth during the review period.

During the year, the growth realized was anchored on a relatively stable macroeconomic environment with the various macroeconomic fundamentals remaining supportive of growth for the better of the year.

Inflation remained low at 4.7 per cent compared to 8.0 per cent in 2017, majorly as a result of considerable declines in prices of food after the shortage experienced in 2017.

The current account deficit narrowed to stand at Sh441.8 billion(USD 4.3 billion ) compared to Sh503.4 billion(USD4.9 billion ) in 2017, mainly due to a faster growth of imports of goods and services.

In the markets, the Nairobi Securities Exchange (NSE) 20-Share index dropped to 2,834 points in December 2018 from 3,712 points in December 2017. The performance was also manifested in the increased uptake of credit facilities across most sectors of the economy during the year.

Agriculture

Activities of agriculture, forestry and fishing were vibrant in 2018 mainly on account of favourable weather conditions . The sector’s growth accelerated from a revised growth of 1.9 per cent in 2017 to 6.4 per cent in 2018.

The growth was mainly driven by marked improvement in crops and animal production that benefited significantly from the sufficient rains during the period under review.

Increased supply of food crops was mirrored in significant drop in prices of key food crops during the review period. The quantities of key food crops such as maize, irish potatoes and vegetables increased notably in 2018 compared to depressed performances reported in 2017.

Performance of the sector was further supported by significantly improved performances in other agricultural subsectors. Production of tea grew by 12.1 per cent to stand at 493,000 tonnes in 2018 compared to a 7.0 per cent decline recorded in 2017.

Similarly, the sector’s performance was buoyed by increased production of coffee from 38,600 tonnes in 2017 to 41,400 tonnes in 2018.

Manufacturing

Activities in the manufacturing sector were robust in the year compared to the constrained performance in 2017 when elections fever and uncertainty rocked the industry.

The sector grew by 4.2 per cent compared to a revised growth of 0.5 per cent in 2017. In contrast with 2017, strong performances were recorded in most activities in the sector in 2018.

The sector’s performance was largely supported by agro-processing activities and production of beverages that recovered from considerable declines in 2017 ,to grow remarkably in the period under review.

Under manufacture of food and beverages, improved growths were recorded in manufacture of sugar (30.3 per cent); processing of liquid milk (18.5 per cent); processing of black tea (12.1 per cent); manufacture of beer and stout (6.3 per cent); manufacture of bread (5.8 per cent) and soft drinks (4.2 per cent).

Other sub-sectors that showed better performance in 2018, albeit in smaller magnitudes, included manufacture of maize meal products (0.4 per cent); edible oils (2.1 per cent) and manufacture of wheat flour (1.1 per cent).

Similarly, the sector’s performance was enhanced by increased manufacture of non-food products, although some declines in production of some products were reported in 2018.

However, manufacture of cement and that of clinker declined by 2.6 and 2.5 per cent, respectively.

Credit to manufacturing activities increased from Ksh315.5 billion (USD3.1 billion )in 2017 to Ksh336 billion(USD3.3 billion ) in 2018.

READ:How Kenyan manufacturers will grow sector by 2022

Transport sector

The transportation and storage sector expanded by 8.8 per cent compared to 7.2 per cent in 2017. The growth realized in the sector emanated from notable growths in most of the transportation sub-sectors.

The sector’s growth was considerably supported by increased activity in railway transport that has flourished since the introduction of the Standard Gauge Railway (SGR) train services between Mombasa and Nairobi.

ICT

The Information and Communication Technology (ICT) sector expanded by 12.9 per cent to Sh390.2 billion(USD 3.8 billion) , from Sh345.6 billion (USD 3.4 billion)  in 2017, driven mainly by growth in the digital economy.

Another key sector which contributed to growth of the  economy was the tourism sector which registered an improved performance in 2018 compared to 2017, as the number of international visitor arrivals increased by 14.0 per cent from 1.778 million to 2.027 million.

“The improved performance may be attributed to stable political environment, withdrawal of travel advisories, improved security and investor confidence in the country,” Mwangi said.

The construction sector however recorded a slower growth of 6.6 per cent compared to a 8.5 per cent growth in 2017, despite an increase in loans and advances to the sector which increased by 1.8 per cent to Ksh114 billion(USD1.12 billion).

This was also at the  back of a vibrant real estate sector which has gone hand in hand with infrastructure development.

Job creation

Last year, the economy generated 840,600 new jobs compared to 787,800 jobs created in 2017.

The informal sector which accounted for 83.6 per cent of the total employment created 762,100 new jobs. This is despite the credit crunch which continues to hit  Small and Medium Enterprises (SMEs) since the law capping interest rates came into place in 2016.

Banks have been shying off  the private sector mainly individuals whom are perceived high risk borrowers. Instead, banks have been investing heavily in government securities where they are assured of returns.

During the year, employment in the public sector went up from 833,100 in 2017 to 842,900. The private sector which accounted for 69.5 per cent of the total employment grew by 3.0 per cent.

The World Bank and the International Monetary Fund (IMF) had projected growths of  4.9 per cent and 5.5 per cent respective .The National Treasury had projected a six per cent growth.

2019 outlook

The government has projected an even stronger growth in 2019, expected to be driven by growth in manufacturing, tourism sector and a fast expanding SME sector.

“With continued government strategies, we will achieve a better growth in this coming year,” National Treasury Cabinet Secretary Henry Rotich said during the report launch. He has projected a growth of above xsix per cent.

The results of the survey will inform policy formulation and implementation of various government initiatives targeted for economic growth, as the government moves implement the Big Four Agenda.

READ:Uhuru’s Big Four Agenda takes shape

”The big Four agenda does require statistics so that we can be able to monitor and evaluate the progress,” Principal Secretary-State Department for Planning Julius Muia said.

CS Rotich on the other has said the government will continue to put in place incentives which will make it easier to do business in the country.

READ ALSO:Kenya lures Private Equity, Venture Capital entities to fund Big 4

One Urban Garden; the road to Africa’s food security

The venture is keen to achieve food security, income generation, healthy living and environmental awareness

It is early morning in the outskirts of Kenya’s capital, Nairobi. A group of three young people are working in a field, using hoes to remove plastic bags and other solid waste from the soil in preparation for crop planting.

Together with other youth, they are raising seedbeds of vegetables such as kale, cabbage, spinach, carrots, onions, green peppers, tomatoes, and other commonly consumed vegetables in Kenya.

The seedlings will later be transferred to gardens and irrigated for several weeks before the vegetables are supplied to clients in households and restaurants within Nairobi.

The trio are Mastercard Foundation Scholars, selected for their academic talent, social consciousness, and leadership qualities.

Mutoni Shadadi  from Rwanda, and her colleagues Laetitia Mukungu and JacquilineMaina, from Kenya, are pursuing their studies in agricultural sciences at EARTH University in Costa Rica.

Mastercard Foundation Scholars have formed One Urban Garden, a social venture that gives people an opportunity to engage in the food production process, enhance the farm-to-table value chain,and demonstrate self-sustenance on a small piece of land. The group targets to help Kenya and the East Africa region achieve food security.
From Left: Mutoni Shadadi, Jacqueline Maina and Laetitia Mukungu during the Resolution Social Venture Awards in 2018.

Together, they formed One Urban Garden, a social venture that gives people an opportunity to engage in the food production process, enhance the farm-to-table value chain,and demonstrate self-sustenance on a small piece of land available.

One Urban Garden will provide fresh vegetables to the clients, acting as a training centre and an incubator for job opportunities involving youth.

One Urban Garden aims to provide youth with training in agriculture and agribusiness.The social venture envisions achieving food security, income generation, a healthy lifestyle and environmental awareness-raising among urban dwellers in Nairobi.

“We envision One Urban Garden as a hive of production and service provision. We are planning to start with vegetable production, which will include kale, peppers, and spinach and be readily available for household consumption. The second phase of production will be the introduction of rabbit farming and greenhouse production mainly targeting restaurants. Once the centre is established, six youth will undergo a 21-week training program and they will be in direct contact with our clients as consultants” said Shadadi.

Expected to be fully operational by end of this month (April 2019), One Urban Garden will first identify the farmers and provide training to those that need it.

The Scholars are currently looking for partners and available land in Nairobi and investing much time in studying other similar models, especially from other developing countries.

To serve a larger clientele in Nairobi, One Urban Garden will create several farms in different locations.

“We plan to move in phases and our target for the first phase is to have 25 farmers as our base, as well as a couple of restaurants. As variety is one of our selling points, the prices will vary depending on demand and we plan to make the prices more affordable as we grow.We estimate that farmers will pay 50 dollars for the training each year, and we hope that one day we might take on a big project from a hotel or institution. We are also considering the option of installment payments,” said Laetitia.

One Urban Garden won the Resolution Social Venture Challenge in 2018, a competition that rewards compelling leadership and promising social ventures led by youth.

These young leaders earned a fellowship that includes seed funding, mentorship, and access to a network of young global change-makers to pursue impactful projects in their communities.

Mastercard Foundation Scholars have formed One Urban Garden, a social venture that gives people an opportunity to engage in the food production process, enhance the farm-to-table value chain,and demonstrate self-sustenance on a small piece of land. The group targets to help Kenya and the East Africa region achieve food security.
The Trio

A collaboration between the Mastercard Foundation and The Resolution Project, the Resolution Social Venture Challenge provides a pathway to action for socially responsible young leaders who want to create change that matters in their communities.

Shadadi, Laetitia, and Jacquiline want to use urban farming to motivate African youth who think farming is a dirty job and only meant for people living in rural areas.

“It feels great being a Resolution Social Venture Challenge winner because it proves to me that we have the potential to contribute to change in the world. Being a Mastercard Foundation Scholar makes me feel like a winner because I get a chance to accomplish my dreams and also share them with my community as I give back,” said Shadadi.

Jacquiline said she is overjoyed and is very proud of her team.

“We have started working on the business strategy and sometimes that gets a bit overwhelming, but the teamwork is great and I learn more each passing day. I am also very grateful for this opportunity.”

Laetitia said that being a Resolution Social Venture Challenge winner is both a blessing and a challenge to keep pushing until One Urban Garden starts making a difference in the lives of Nairobians.

“I am thankful to the Mastercard Foundation because it not only gave me the opportunity to pursue my career but also to fulfill my interests and goals, and expand my network.”

The ambitious group’s initiative is just but one example that can go a long way in helping President Uhuru Kenyatta achieve his food security plan under the Big Four Agenda.

READ:EAC to launch platform to promote food security and nutrition

READ ALSO:Kenyan President Uhuru Kenyatta Tackling Food Insecurity as part of his Big Four Plan

 

Tell-Em PR appoints Joel Chacha as new General Manager

Joel will manage Tell-Em PR’s operations and client portfolio

Tell-Em Public Relations, one of Kenya’s leading Public Relations firms, has appointment veteran PR practitioner Joel Chacha as the agency’s new General Manager effective April 1, 2019.

Joel brings over 10 years of experience in developing and implementing successful communications and digital strategies.

“We are very pleased to announce the appointment of Joel Chacha as Tell-Em PR’s General Manager. Joel’s broad mix of strategy, crisis communication and media relations experience will be a fantastic addition to our agency’s Top Executive Team,” said Tell-Em PR’s Managing Director Elizabeth Cook.

Mutahi Kagwe, Tell-Em PR’s chairman, added:“On behalf of our Board of Directors, I welcome Joel Chacha to his new position. He brings a wealth of knowledge in strategic planning and business development.”

Joel has spent the last few months at the agency overseeing an aggressive client acquisition through strategic pitches and leveraging on his social capital, to date the company manages leading brands such Procter and Gamble, British Airways, Sanofi, Bolt – the riding hailing app,Coca-Cola Beverages Africa and Glovo.

READ:Investing in Kenya’s logistics space

“It is a tremendous opportunity to join the Tell-Em PR Management team. I am fully committed and eager to help the agency continue to execute on its public relations services and operational goals within this region,’’ Chacha commented.

He has a track record of success in leveraging the best-in-class communications to help companies differentiate and distinguish themselves and enhance their credibility.

His industry work and experience includes Coca-Cola Beverages Africa, Coca-Cola, Procter and Gamble, Safaricom, Visa, Kenya Airways, Taxify, Direct Pay Online, Weetabix, SC Johnson, Glovo, Bio-Oil, Kim-Fay, Alexander Forbes, Prudential Life Assurance Kenya, Heritage, and Liberty and The Institute of Chartered Accountants in England and Wales (ICAEW) just to name a few.

He holds a Bachelor of Arts in journalism from the United States International University – Africa and is currently pursuing a Master of Arts in Communication concentrating on strategic corporate communication from the same institution.

Tell-Em Public Relations was established in 1999 and has grown to become one of the leading PR agencies in East Africa. With offices in Kenya and affiliates in Tanzania, Uganda and Rwanda, the agency offers communications support across the region.

Tell-Em Public Relations is an award-winning agency and has won nine awards from PRSK – the Public Relations Society of Kenya, over the years, including Best Agency and Best Media Campaign. The most recent award was for the agency’s work on the mVisa launch where it won Best Media Campaign and Best Overall Campaign in the 2016 PRSK awards.

The agency includes a strong team of communications professionals, most of whom have worked in the media, have an in-depth understanding of how the media works and are able to package content and leverage their connections to give clients the best possible media positioning.