Safaricom opens second shop in Nakuru

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Safaricom opens second shop in Nakuru

Special Correspondent - May 19, 2018

Shop to provide smartphone and fibre experiential zones to cater to increasing adoption of digital services in Nakuru Safaricom (NSE: SCOM) has opened...

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The LAPTRUST Defined Benefit (DB) Scheme saw net assets rise to Sh28.1 billion, up from Sh26.99 billion in 2023, reflecting the scheme’s consistent investment strategy. The County Pension Fund (CPF) posted the most significant growth, with net assets surging to Sh51.67 billion from Sh36.97 billion. CPF Group Group MD and CEO Hosea Kili credited the performance to prudent fund management, a deep understanding of member needs, and a focus on financial literacy through innovation and partnerships. The Group declared an 8.8 percent interest rate despite macroeconomic volatility. Active membership rose to 94,116 following the enrolment of over 17,500 new members, while the sponsor base expanded to 194 institutions. Other schemes under the Group also recorded positive growth, with the Salih Fund attracting 9,895 members, the Post-Retirement Medical Fund increasing its assets from Sh32.8 million to Sh55.2 million, and the Individual Pension Scheme posting a 42.4 percent rise in assets to Sh4.11 billion.

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Africa Property Investment (API) Events (https://www.APIEvents.com) is proud to announce a bespoke investor tour in Dubai and Abu Dhabi, designed to provide African delegates with exclusive access to the Gulf’s capital markets and iconic real estate developments. API Events, a leading facilitator of investment and development platforms across Africa, will host the inaugural Africa-UAE Investor Tour, taking place from November 10 to 13, 2025, in Dubai and Abu Dhabi. This exclusive, boutique tour is designed to inspire, educate, and catalyse new deals for Africa’s top property developers, investors, and C-suite leaders by connecting them directly with the heart of Gulf capital and world-class real estate innovation. The tour addresses a critical market need, a trend underscored by industry leaders. As Kevin Teeroovengadum, Board Director of real estate and hospitality companies, observes: “We are seeing growing interest from Middle East investors across Africa, extending beyond traditional sectors like ports, mining, and petroleum into areas such as high-end bush lodges in the hospitality sector.” This sentiment is echoed by Murray Anderson-Ogle, Managing Director of API Events: “There is a lot of Gulf capital — sovereign wealth funds, family offices — and a lot of activity led out of the Gulf and Dubai into Africa. But for someone from the Gulf to come to Africa to meet a developer or a pension fund, it’s hard; you’re going to spend months tracking them down.” Anderson-Ogle says the tour is about bringing the leader of Africa to Dubai, creating a two-way exchange that matters. “It’s not just another conference or sightseeing trip. It’s a chance to forge authentic connections with sovereign wealth funds, family offices, private equity, and venture capital investors who actually deploy capital into Africa. Since some Gulf investors can be cautious about Africa, this tour is set to build trust and allow the kind of relationship-building that takes months or even years to develop if you go alone.” The four-day tour will offer attendees an opportunity to study Dubai’s unparalleled blueprint for urban development, town planning, and sustainable residential growth through sessions and site visits with leading real estate developers, including Binghatti, DAMAC, and others. This connection is a two-way street, as noted by Teeroovengadum: “Real estate companies from Dubai, such as DAMAC, are actively marketing their products to African buyers seeking to diversify their wealth and establish a ‘plan B’.” It will also be an opportunity to meet global retailers and brands actively expanding into Africa’s high-growth markets, facilitated by the UAE’s role as a global trade hub. “As the UAE positions itself as a hub for trade, more and more Africans are using places like Dubai for their trading operations,” adds Teeroovengadum. African delegates joining the tour will be welcomed by Dubai’s leading developers and funders, getting exclusive behind-the-scenes access to landmark projects. They’ll also engage directly with global retail giants and hospitality leaders who are expanding aggressively into African markets. Key site visits include: ICD Brookfield Place: The Gulf’s premier business & lifestyle destination in Dubai International Financial Centre, a global financial hub and a free zone in Dubai, United Arab Emirates, and the tallest & largest Green Building in Europe, the Middle East and Africa. One Za’abeel Tower: Featuring an exclusive exploration of Siro hotel, the World’s First Sport Hotel, with insights by Kerzner. CityWalk: An urban master-planned community, featuring a lunch experience with insights by Meraas and Merex Investments. Residential Developments: Exclusive visits to projects by leading developers like Binghatti and DAMAC. The tour combines project site visits with the Africa + UAE Investor Conference, featuring industry panels and networking sessions focused on joint ventures, capital raising, and preserving personal wealth. The core conference day on 11 November will feature sessions led by industry luminaries, including a macroeconomic overview of Dubai by Taimur Khan, Head of Research at JLL in the region, and deep-dive panels on capital raising, urban development, and retail expansion into Africa. Enhanced flight connectivity has been a key driver in strengthening these economic ties. “Airlines such as Emirates have been pivotal in connecting Africa with the Middle East and the world. We are also seeing Etihad, Qatar Airways, Air Arabia, and Saudia Airlines expanding routes to key African hubs,” says Teeroovengadum. “All the above demonstrates the importance of the Middle East as a partner with the African continent, more so in a world of geopolitical turbulence.” Anderson-Ogle says the tour will target audiences in the C-suite, including CEOs, CFOs, chairpersons, founders, and pension fund heads, all looking to deepen their professional networks and secure legacy investments. “That’s the real selling point – the connections you can’t just make by flying solo to Dubai,” he says. Key highlights will include insights into emerging sectors, including healthcare, logistics, education, and digital infrastructure, from players such as DP World and Agility. Hospitality and tourism will take centre stage with Abu Dhabi Capital, Accor, Marriott, Radisson, and others exploring Africa’s hotel investment boom. Anderson-Ogle highlights Dubai’s growing role as a neutral and strategic financial gateway. He notes that capital from the Gulf is increasingly viewed by African investors as a receptive and pragmatic source for diversification, offering a valuable and long-term option for wealth preservation within a rapidly evolving global landscape. The Africa–UAE Investor Tour is limited to 40 top-tier delegates who will gain unparalleled professional networks in a focused, boutique setting. “We are seeing a lot of interest, but it’s very boutique. We’re targeting quality over quantity with about 40-50 participants to maintain exclusivity and real engagement,” Anderson-Ogle explains. API Events invites senior African and Middle Eastern investors, developers, and funders to join this unique opportunity to build legacy and unlock new avenues of growth in one of the world’s fastest-evolving investment hubs. For more information, registration details, and the full itinerary, please visit: Dubai Tour - API Events: https://apo-opa.co/46Vz2Rs

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In line with its intention to become a leading force in digital labels and packaging production, Canon (www.Canon-CNA.com) is today using its participation in the FEFCO (European Federation of Corrugated Board Manufacturers) Technical Seminar 2025 (Rome, 8th – 10th October) to announce the Canon corrPRESS iB17, a next-generation inkjet press engineered for industrial-scale corrugated packaging production. Capable of digitally printing up to 8,000 m2 per hour (15 million m2 per year), the corrPRESS iB17 delivers offset-like quality directly onto corrugated boards up to 1.7 m wide with water-based inks and primer for indirect food contact. The highly automated corrPRESS iB17 enables cost-efficient short- to medium-length runs with ultra-fast turnaround times and requires fewer operators and lower skill levels. Designed for seamless integration into existing production environments, the corrPRESS iB17 offers outstanding productivity and digital flexibility, and extends the economic benefits of digital printing far beyond traditional short-run applications. Building on Canon's proven expertise and experience in commercial digital printing and following the development roadmap presented as a concept at drupa 2024, the Canon corrPRESS iB17 will address the evolving needs of corrugated converters that face increasing pressure to deliver shorter runs with more variants, faster turnaround times and premium quality, and all without compromising cost efficiency. Offering industrial-scale throughput at up to 8,000 m2 per hour, the corrPRESS iB17 allows converters to achieve cost-efficient production for runs up to 20,000 m2, extending digital printing viability well beyond traditional short-runs. Supported by automated printhead cleaning and quality control systems, the press minimises operator intervention while maximising production efficiency. The system’s design also reduces waste through efficient print on demand and eliminates the use of printing plates and chemicals. Unlike conventional technologies, the corrPRESS iB17 does not produce contaminated water, which then has to be filtered or released into the wastewater system. Featuring Canon's proprietary, high-performance, 1200 dpi piezo printheads and specially formulated, water-based pigment inks and primer, which provide an extended colour gamut with CMYK and later OVG, the corrPRESS iB17 achieves pre-print offset-like quality in the post-print process. This improves production efficiency by eliminating the traditional lamination step while reproducing vibrant, accurate and consistent colours, sharp text and precise detail on both coated and uncoated topliners at rated speeds. The system also uses an advanced spot primer that ensures optimal ink adhesion and colour reproduction across the full range of corrugated materials. The ink is jetted onto the board immediately after the primer application without any drying in between, minimising the impact of drying on the board and contributing to a highly reliable production process. The sophisticated Canon drying technology in the corrPRESS iB17 has been optimised to minimise corrugated board stress and energy consumption and to increase production efficiency. Covering approximately 80% of retail packaging applications, the system supports coated and uncoated boards up to 1.7 m wide and 1.3 m long, and ranging from 1 mm to 8 mm thick, at a linear speed of 80 m per minute. Unusually for a digital corrugated press, Canon owns all the key components in the printing process – printheads, inks and drying – enabling Canon to optimise the system’s performance more easily. This high level of integration and synchronisation will result in exceptional levels of productivity and reliability. By combining proven proprietary inkjet technology with an industrial board transport system, Canon has developed an innovative press that delivers offset-quality prints with outstanding productivity and digital flexibility, all developed for indirect food contact applications Jennifer Kolloczek, Senior Director, Marketing & Innovation, Production Printing, Canon EMEA, commented: “Corrugated converters face rising demands for shorter runs, more variants and faster turnaround without compromising quality or cost. We’re thrilled to now announce the Canon corrPRESS iB17 — a digital corrugated press that empowers converters to respond to the changing demands with agility and unlock growth. For Canon, the corrPRESS iB17 marks a major milestone in our journey to becoming a key player in the packaging industry and we’re especially excited that EMEA customers will be the first to benefit from this innovation. Although we’re new to corrugated, we bring many years of collaborative innovation from industrial-scale commercial print and will combine our digital expertise with converters’ value-chain knowledge to drive progress in packaging together.”

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Safaricom opens second shop in Nakuru

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