Kenya bans importation of used Australian cars from Dubai
The Kenya Bureau of Standards (KEBS) has warned Kenyans against importing used Australian vehicles vehicles from Dubai.
In a notice put in the local dailies on Tuesday 14th Apri, the agency noted that it had learnt that most used Australian vehicles imported from Dubai do not have deregistration certificates from the government authorities in Australia.
“We have further established that some of these vehicles were actually exported to Dubai as accident cars, having been written off in Australia only to be repaired and sold to unaware buyers,” KEBS said in the statement.
“We therefore wish to notify members of the public that importation of used vehicles without original deregistration certificates from Australia shall not be permitted into the Country” it added.
Kebs said it will inspect all used vehicles from Dubai and issue certificates of roadworthiness. “This is to ensure used vehicles imported into the country are safe for use and that importers get value for money,” Kebs said.
Used car dealers said the most common vehicles are Toyota off-road VX and Prado models, which have become a must-have for Kenya’s freshly rich and politicians. Dealers reported that at least one hundred such vehicles were stuck at the Mombasa port, with a single importer having brought in a quarter of the units.
Kenya Bureau of Standards (Kebs) further said used vehicles originating from the country will not be permitted into Kenya without a Certificate of Roadworthiness (CoR) issued by its appointed inspection agency.
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Comeback of the KCB Lion’s Den
Those with unique businesses to get an chance to tap into millions of shillings in partnership deals
September Four, two thousand seventeen
KCB Bank’s entrepreneurship display — the KCB Lions’ Den — comes back to the screens on Tuesday , September, Five, two thousand seventeen , pitting sixty three entrepreneurs seeking growth opportunities for their businesses. Much like Dragon’s Den or Shark tank, the weekly Lions’ Den display, which will air on KTN every Tuesday at 8pm, offers selected entrepreneurs an chance to get funding for the businesses.
Challenging entrepreneurs will be expected to pitch their ideas and negotiate for the capital they need to catapult to take their enterprises to the next level in exchange for a stake in their business. The financing will come from one or more of the five Lions — renowned Kenyan business gurus who are part of the panel who will be evaluating the ideas.
KCB Director of Marketing and Communications Angela Mwirigi said of the 2nd season: “We are promising viewers a high quality display with much more expectation than the very first season because applicants had time to learn from Season One. We can tell from the quality of applications that the standards have switched so much for the better and we certainly have good applications that will without a doubt engage the Lions and the audience intensely.”
The Display received an at least Five,000 applications. After the rigorous vetting process, sixty three successful contestants were chosen to face the Lions. Of the successful applicants, 32% of them were women and 68% were dudes with businesses cutting across agriculture, design, education, energy, ICT, health, publishing, food & beverages, manufacturing, environment, entertainment and service. At least twelve counties were represented.
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The KCB Lion’s Den mainly seeks entrepreneurs looking for financial, social and intellectual capital for their fresh and innovative businesses in the country. Audiences will engage with the contestants as they battle in the Den. The Lions are Kenyan-based business moguls who have risen through the business world and established themselves as trailblazers in their respective industries in their journey to grow Kenya-based businesses.
Returning for season two are Myke Rabar, CEO Homeboyz Entertainment; Darshan Chandaria, Group CEO and Director of Chandaria Industries; Olive Gachara, Founder and Publisher of Couture Magazine Africa; Kris Senanu, CEO of Blackrock Entertainment and Wandia Gichuru, Co-Founder and MD of Vivo Activewear.
The TV showcase is part of the KCB Group 2Jiajiri programme expected to benefit at least 500,000 youth in a period of five years. The programme, which also encompasses a business challenge for start-ups, will enable youthfull entrepreneurs to submit their business ideas for funding.
Related: KCB Lions Den season one completes with Sh150m invested
“The KCB’s 2jiajiri initiative aims creating job creation opportunities for the youth and skilling them for self-employment while at the same time providing funding, nurturing and mentoring future entrepreneurs,” Ms Mwirigi noted.
For the very first season, over Five,000 applications were received from sectors such as agriculture, design, education, energy, ICT, health, publishing, food & beverages, manufacturing, environment, entertainment and service.
At least seventy two local businesses made their pitches on the showcase over a period of twelve weeks and thirty fortunate entrepreneurs were able to coax the five celebrated and renowned Lions to invest their own money in exchange for equity in the local businesses. A total of Ksh153 million was pledged by the Lions.
Lions’ Den Display was licensed by Fairly Bright Films through Sony Pictures Television Network, and collaborated with KTN and KCB Bank to make the demonstrate a reality.