Young Kenyan Entrepreneurs!! : Nailab Seed Funding Is Now Open

Getting funding in Kenya or Africa is quite a challenge to any entrepreneur living in a 3rd world country. Nailab is one of the facilities in the country that is averting this by supporting budding start ups in getting funding.

The Nailab Seed Fund is now accepting applications for it’s 3rd round of investment.
Nailab Seed Limited (NSL) is an angel fund founded by Nailab and ICCO whose aim is to invest in early stage seed capital to promising technology (software and hardware) startups in East Africa.
The investment will be geared towards accelerating the startups growth to realize more economic returns.
Are you interested and do you meet the criteria? Submit your application here.

The fund will invest in East African startups that make a smart use of technology. The investment will be a convertible note of up to KES 2.5M, with a maturity of 24 months and a 6-month grace period


Motor vehicle assembly set to be re-opened in Thika

Kenya is becoming the next hub for motor vehicle assemblers despite a slow growth in new car sales over the last three months. Leading global brands including Toyota, General Motors (GM), BMW and Daimler (makers of Mercedes brands) already have established local presence through parent firms or dealerships.

But this year’s announcement by Volkswagen (VW) to reopen an assembly plant in Thika is further set to position Kenya as a preferred destination for motor vehicle assemblers.

President Uhuru Kenyatta is today expected to accompany VW Chief Executive Officer Herbert Diess to formally reopen the VW assembly plant after four decades since the German car maker last assembled its brands locally in the 1960s and 1970s.

The revival of the facility inside Kenya Vehicle Assembly (KVA) will enable VW South Africa to sell more vehicles across the East African region, and compete with other leading makes such as Nissan, Toyota, Isuzu and Mitsubishi .

VW, in which the Kenyan government has 35 per cent stake, announced last week it will assemble 1,000 cars annually beginning next month and offer over 300 jobs to Kenyans For the first time Kenya will produce sport utility vehicles after years of assembling trucks, pick-ups and buses from kits supplied by foreign manufactures.

Toyota Kenya had in October announced plans to start local assembling to meet growing demand. Earlier in the year, the government bowed to pressure from General Motors and Toyota — the major vehicle assemblers in the country – who had openly expressed dissatisfaction on the introduction of excise duty on locally assembled vehicles.

The opposition prompted the government in September to revoke the levy following the signing of the Finance Bill, 2016 . Excise duty had first been introduced on motor assemblers at a flat rate of Sh150, 000 per vehicle in 2015 before it was increased to 20 per cent of a vehicle’s value in June this year.

Following the scrapping, industry analysts said they were expecting more car firms to set up production lines locally. “The tax regime would have prevented the industry’s growth, particularly to assemblers and discourage those with plans to set up production lines locally,” said Dinesh Kotecha, a director at Simba Corporation, the local franchise holder for Renault.

Local assembler has announced plans to roll out its second model christened Mobius II. The vehicle is currently undergoing engineering and test phase ahead of its launch next year. The firm plans to use new technology in the new extra features in the new model.

“We’re excited about the launch of our new Mobius II model next year, which will see significant ramp up in production volume. Mobius is founded on the idea of transforming Africa’s transportation system and we can’t wait to put many more Mobius cars in the hands of Kenyan customers with this next-generation model,” Mobius Motors Chief Executive Officer Joel Jackson.

The first Mobius — designed for rough terrain — rolled out of the KVA facility in 2014 and retailed at Sh950,000. “We are very excited for the upcoming launch,” said the firm’s Mobius Motors Chief Operating Officer Sunru Yong said.
source –


The Best Kenyan Creative Agencies To Be Feted at the 2016 APA Awards

The 2016 Association of Practitioners in Advertising (APA) Awards are just around the corner! There is much anticipation from various creative agencies and industry professionals who are looking to emerge the victors in creative excellence.

APA council members pose for a photo at Transcend Media Group after a meeting discussing the upcoming Association of Practitioners in Advertising (APA) Awards to be held on 11th November 2016 at the Kenya National Theatre.

The Association of Practitioners in Advertising (APA) is mandated to enforce advertising standards through adherence to the code of advertising practice and direct marketing and also advocate for professionalism among its members. It also seeks to recognize the application of creative excellence in the way brands and businesses communicate.

The APA council held their final deliberations last week at Transcend Media Group in preparation for the upcoming awards gala to be held on 11th November 2016 at the Kenya National Theatre. The last APA awards were held 12 years ago and this year we celebrate their return bigger and better. The awards gala is set to bring together all industry professionals and stakeholders to celebrate creative ingenuity in the advertising industry.

Kenya is home to countless individuals with great creative potential and these awards are crucial as they aim to recognize and reward excellence, innovation and originality. Not only will an agency increase its talent pool by identifying and developing its talented employees but will also positively affect the organization’s competitiveness as a result.

Fifteen creative categories will be awarded from TV, Radio & Print commercials, Integrated Communications Campaign, Digital, Interactive, Experiential, Media Innovation, Sustainable Marketing, Young Creatives Award among others. Numerous entries were submitted by the various creative agencies and industry professionals.

In order to ensure transparency in the judging process as well as raise the awards profile, APA partnered with Loeries, one of the world’s most prestigious companies championing creative expression. The judging process will comprise of a jury president, Alistair King, the Co-Founder and Chief Creative Officer, King James Group, Andrew Human, Leories CEO to oversee the entire judging process. They will also work closely with 10 local judges comprising of Creative Directors in participating agencies and other non -affiliate experts from the industry.

Business Events Trending Now

Re-Invent Yourself at This Life Changing Seminar hosting Robert Burale, Jeff Koinange and Bishop Muriithi

Teaching is not about answering questions but about raising questions – opening doors for others in places that they could not imagine. If you have a brand and you don’t have the know how of how to make your brand stand out then you need to make a date with this event this weekend.

Re-Invent Your Brand
Re-Invent Your Brand

Re-Invent your brand is the place to be this weekend hosting top speakers in Kenya like Robert Burale, Jeff Koinange, Bishop Muriithi, Stephen Kigwa and Dr Ofweneke.

If Shakespeare were writing today, he probably would leave out the lines:

“What’s in a name? That which we call a rose /
By any other name would smell as sweet.”

Re-Invent yourself will equip you with the knowledge of understanding your brand and how your company’s products and services can command the worldwide presence.

Entry is Ksh.2000/- and venue is House of Grace Church.

Time : 9 am to 1pm

To Book call : 0727 011 858


Breaking Business Link News 1 News Trending Now

Sameer tyre manufacturers to close down Nairobi Factory.

Sameer Africa is set to close down its manufacturing plant here in Nairobi in favour of importing tyres. The company which makes the Yana tyres brand is set to close down the factory and instead import tyres from offshore manufacturers in Asia.

According to Sameer Africa Chief Executive Officer Allan Walmsley the company’s board of directors unanimously made the decision after receiving the necessary approval from the Capital Markets Authority. “As a result, the company will incur a one-off charge in respect of plant and inventory impairment and employee severance costs estimated at approximately Kshs. 725 million. The earnings for the current financial year are therefore expected to be lower by more than 25 per cent of the earnings reported for the same period in 2015.”


The company has also issued a profit warning due to expected impairment and employee severance costs. The struggling manufacturer had reduced its local production due to high competition from cheap arrivals and joined the importers.

However, there will be no impact on customers, end-users and the supply of the Yana brand to the East African market. Yana Tyres will continue to be engineered under the supervision of the company’s own chemists and engineers.

Sameer Africa will also continue to invest in research and development to offer the market tyres that are purpose-built for African roads and will continue with the roll-outs of its Yana Tyre Centre offering across East Africa.

Business Hot This Week Link News 1 Music News Trending Now

Trace launches new T.v channel

TRACE is proud to announce the launch of a brand new channel, TRACE Mziki, which is set to be the home of the best urban East African music.

TRACE Mziki will serve as the premiere destination for East African music lovers, featuring videos of the best contemporary East African music hits as well as exclusive specials and documentaries. From East African Hip Hop and R&B, Afro Pop, Gospel, Reggae and the best Video Mixes, TRACE Mziki has them all! TRACE Mziki will also broadcast a selection of the best of “rest of Africa” and international urban acts that are massively popular in East Africa.

This new channel will offer viewers the biggest hits and music videos from established and emerging artists from all of Eastern African countries. Viewers can also expect shows such as Guest Star and a series of popular Top 10 themed programming.


TRACE’s CEO, Olivier Laouchez, said: “This channel is a reflection of TRACE’s continued commitment to promote East African artists and to localize our music channels in the major music hubs of Africa. TRACE Mziki is 100% made in Swahili and English by our East African team and it will greatly contribute to the development of the Eastern African entertainment industry.”

TRACE’s Senior Vice President and CEO for East Africa, Steve Agutu also said “As TV goes global, it is also going local as people want to see more and more of their own content. This channel goes a long way in bringing East African music to the world and it is indeed a proud moment for us at TRACE and in East Africa”

The new channel will be aired on DStv channel 323 and will be available on Premium, Compact Plus and Compact tiers.

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