The GROUP of 5: Kenya's Top Multinational Companies

[xJamaax]

It will be hard to break into the SA market.

they can start with the neighbouring countries first I think.

[Malaika254]

Originally Posted by Kenguy

Good question. Hypothetically, its the largest market in the region. Best thing would be to post in the Ethiopian forum to find out.

I have a feeling once that highway is complete, alot of businesses will wake up to the idea of Ethiopia as a potential market.

From the info I was given in the Ethiopian forum, the retail market in Ethiopia is closed to foreign companies. Shoprite wanted to enter the Ethiopian market but they were told they could only do that as wholesalers, so I guess we will have to wait till the environment becomes foeign-investment friendly.

[Malaika254]

Originally Posted by xJamaax

It will be hard to break into the SA market.

they can start with the neighbouring countries first I think.

The heading is misleading. They are talking of Southern African countries (excluding South Africa).

[SUNS 25]

Originally Posted by Malaika254

The heading is misleading. They are talking of Southern African countries (excluding South Africa).

Group countries of southern Africa is very dependent economically on South Africa. From Botswana to Namibia by way of Zimbabwe and Mozambique, domestic sector of detail, industry and services are to manage largely by south African companies. Best for kényanes companies is to concentrate more in east Africa where of Central Africa. for exemple my country Gabon, Congo, Cameroon, Equatorial Guinea, Drc.

[èđđeůx]

Originally Posted by SUNS 25

Group countries of southern Africa is very dependent economically on South Africa. From Botswana to Namibia by way of Zimbabwe and Mozambique, domestic sector of detail, industry and services are to manage largely by south African companies. Best for kényanes companies is to concentrate more in east Africa where of Central Africa. for exemple my country Gabon, Congo, Cameroon, Equatorial Guinea, Drc.

Then a little competition isn't a bad thing.

[Malaika254]

Originally Posted by SUNS 25

Group countries of southern Africa is very dependent economically on South Africa. From Botswana to Namibia by way of Zimbabwe and Mozambique, domestic sector of detail, industry and services are to manage largely by south African companies. Best for kényanes companies is to concentrate more in east Africa where of Central Africa. for exemple my country Gabon, Congo, Cameroon, Equatorial Guinea, Drc.

Just because South Africa dominates southern African markets does not mean other countries cannot test the waters. It's competition, and it is healthy. Kenol is already operating in some Southern African countries (if my memory is not failing me) and they are doing just fine. As for Nakumatt, they are already pretty aggressive in the regional markets, where most of their operations are.

[Kenguy]

Originally Posted by Malaika254

Just because South Africa dominates southern African markets does not mean other countries cannot test the waters. It's competition, and it is healthy. Kenol is already operating in some Southern African countries (if my memory is not failing me) and they are doing just fine. As for Nakumatt, they are already pretty aggressive in the regional markets, where most of their operations are.

I think SUNS meant they should focus more on countries within the East and Central African region which are more or less still virgin territory before going for regions that already have established retail companies. It makes sense to me.

[Malaika254]

Originally Posted by Kenguy

I think SUNS meant they should focus more on countries within the East and Central African region which are more or less still virgin territory before going for regions that already have established retail companies. It makes sense to me.

It's really hard understanding what he is saying but anyway's it's normal. I do not refute the fact that Nakumatt should strengthen it's presence in East & Central Africa (pretty sceptical about countries like Gabon and Cameroon), but that doesn't mean they can't try out countries like Zambia or Zimbabwe, I think there's some room in these two countries.

[xJamaax]

I don't think it's necessary for them to focus on the EAC and central Africa first. Any place that is profitable regardless of the geographical location is ideal.

[Geza Ulole]

Originally Posted by Kenguy

I think SUNS meant they should focus more on countries within the East and Central African region which are more or less still virgin territory before going for regions that already have established retail companies. It makes sense to me.

Kenol couldn't keep going that is why they are about to be acquired by Puma Energy a Swiss company

[èđđeůx]

Court blocks Kenol sale to Puma over Sh2bn claim
http://www.businessdailyafrica.com/C...z/-/index.html

IN SUMMARY

• The High Court on Monday issued an injunction blocking the oil firm from transferring or entering into any sale agreement with Puma Energy or third parties until a suit lodged by KPC is heard inter-parties on September 24.
  
  
• KPC is demanding Sh2 billion from KenolKobil, arising from services rendered in transporting and storing the firm’s oil products between June 2009 and September 2010.
  
  
• Mr Justice George Odunga warned KenolKobil against sealing the deal with Puma Energy, divesting itself from any of its business or facilitating transfer of shareholder’s interest to the foreign company.
  
  
• KPC was also directed to serve KenolKobil with court papers to enable them respond to the suit.
  
  
• The corporation, in an affidavit sworn by KPC managing director Selest Kilinda, says KenolKobil owes it Sh653 million and $16 million (Sh1.36 billion) arising from the unpaid invoices for the transportation and storage agreement during the 16 months.
  
  
• KPC is further urging the court to direct KenolKobil to pay all the money found to be outstanding to KPC with an annual interest of of 14 per cent after a reconciliation ordered by the court.

[èđđeůx]

I wonder if Kenolkobil will ever be sold to Puma. It appears ad if with every step taken forward another three are taken back.

[Geza Ulole]

Originally Posted by èđđeůx

I wonder if Kenolkobil will ever be sold to Puma. It appears ad if with every step taken forward another three are taken back.

But economically, it will be good to keep the firm out of trouble since the expansion did not yield the intended results Read here! Probably out of fiercely competition from the likes of Engen and main shareholders the Biwotts want to exit while the firm is doing fine! Afterall that Kshs 2 bio. is nothing to block the deal..!

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