Crown Paints received a Starbrand status from Brands Awards Kenya in a ceremony that was held on Friday the 21st of April 2023 at Safari Park Hotel & Casino, Nairobi Kenya.
Crown Paints was selected as a Starbrand in Kenya following a detailed countrywide survey that was conducted by Enterprit Brands Awards in January 2023.
Crown Paints was recognized as Kenya’s hottest starband carnical by Starbrands Awards 2023. In their statement, Starbrands Awards 2023 said that they are convinced that Crown is a microcosm of elements that promote quality brand marketing zeal hence gaining a competitive edge among its competitors.
Crown Paints has partnered with the @USEmbassy to transform the Exterior of @GigiriPoliceStation using Crown Silicone Extreme Anti-Dust Paint. The project was launched yesterday 6th July 2021 by Crown Paints Group CEO Dr Rakesh Rao and D Ryan Williams, Attaché Embassy Vise Consul Overseas Criminal Investigations. The partnership will go a long way in enhancing the image of the police station by creating a positive ambience not only for the police officers but also for those who may seek services at the station.
At Crown Paints we strive to reward and recognize efforts made by students at higher learning. As part of the tradition, through the General Manager- Construction Sector, we took part in awarding the overall best students in Bachelor of Quantity Surveying & Bachelor of Construction Management University of Nairobi year 2018-2019. The Vice Chancellor, Prof Stephen Gitahi Kiama, received the award on behalf of the top 4 students.
The Capital Markets Authority (CMA) has granted approval to Crown Paints Kenya to undertake a rights issue to raise Sh711,810,000 by issuing and listing 71,181,000 new ordinary shares on the Nairobi Securities Exchange.
The rights will be issued based on one new ordinary share for every one existing share.
Not an everyday interview, with Biko Zulu, our Group CEO Mr Rakesh Rao revealed what colours his personal life. During his interview, he talked about ‘colour energy’ and ‘colour therapy and the reason as to why he discourages anyone from wearing black. “It is an “unhappy” colour, he said. Read up more on our Group CEO and get to know him better, on the link below.
Under his leadership, Crown Paints profitability grew to USD 60M from USD 10M in the last 15 years, growing market share and expanding to four countries. This is one of the things Mr. Rakesh Rao, Group CEO had to say during his interview with Javed Kana for Asian Weekly.
SCAA e-Learning program is continuing to provide highly valued industry-based education, both overseas and at home in Australia.
This year, a group of eight Crown Paints employees completed SCAA’s Online Advanced Course in Surface Coatings Technology, following the success of a previous cohort of 7 employees back in 2018.
03/12/2020… The unrelenting ravage of Covid-19 pandemic in the country is causing untold suffering to various sectors of the economy. The construction industry has not been left behind as many ongoing projects have either stalled or stopped altogether, leaving hundreds of painters in financial distress.
Crown Paints Plc Group Chief Executive Officer Rakesh Rao says there is an urgent need to mitigate its over 150,000 painters from the pandemic since they play a significant role in the firm’s business value chain.
Rao made the remarks while unveiling an instant Mpesa redemption promotion dubbed Paka Rangi, Pata Pesana Crown Paints targeting its loyalty program – Team Kubwa members that is scheduled to run from 3rd December 2020 to 31st January 2021. Painters will be able to redeem from as low as Ksh. 50 via MPESA instantly. A painter simply needs to purchase Crown Paints products and redeem by sending an SMS to 20543 with AMOUNT 50/250/750 OR Team Kubwa App select MPESA or Call 0709 887000.
“We recognize the fundamental role painters’ play in our business and we’re therefore mandated to look out for their financial wellbeing by introducing an initiative that will help them cope with the economic burden that has been escalated by coronavirus pandemic,” Rao explained.
Crown Paints has introduced a holistic approach by offering Team Kubwa members solutions fortoday where one is able to buy products and get rewarded with instant Mpesa and other existing instant prizes such as airtime, shopping vouchers, KPLC tokens and home appliances which would be a financial reprieve for thousands of painters who are experiencing harsh economic times due to limited or none painting job opportunities as the pandemic persists.
The holistic approach also offers job opportunities to secure the tomorrow for painters through its Team Kubwa Master Painters referral programme where members are required to register through the call center. This will enable Crown Paints to confidently recommend these select painters to homeowners, big contractors and other professionals for job opportunities.
The approach also looks into the future of a painter by offering a saving platform through the Team Kubwa SACCO which aims at financially empowering members and help them develop a savings culture to achieve their desires.
In July this year the paint firm unveiled the first-ever saving and credit union for its painters to enable them raise capital to improve and grow their businesses. The GCEO said the Sacco would provide the members with an easy avenue for financial support particularly during these hard economic times necessitated by the Corona virus pandemic.
Rao said all these initiatives intend to benefit all its painters across the country and urged them to register to the Team Kubwa painter program to be able to access the opportunities on offer for today, tomorrow and the future. He said the firm will continue to offer the training skills for painters to safeguard the profession from unscrupulous individuals who are out to taint the industry.
Crown Paints and Aspira, a product-financing credit facility have partnered to enable customers to purchase paint and pay in easy installments of up to 12 months.
Crown Paints Group Chief Executive Officer Rakesh Rao said the financing option will be available to all customers at the firm’s head office showroom at Likoni road through a convenient source of medium-term credit for individuals and small and rapidly growing enterprises that cannot qualify for any sources of capital easing the financial pain brought about by the pandemic.
“Crown Paints and Aspira conducted extensive market research and realized that there is a huge gap in the credit market that was not being addressed by any other financial institutions. Kenyans seek to transform and uplift their lifestyles and paint plays a major role in transforming their spaces, especially during this Covid-19 period where many people have spent their working days at home. This solution will facilitate them to purchase paint and Lipa Baadaye once they have funds”, Rao said.
Aspira Senior Account Manager, Ryan Deen said during this period Kenyans need more financial options to be able to purchase the products they want, all you need to do is apply on www.aspira.co.ke, fill in your information to get approved and take your desired product home with you as you pay in easy monthly installments. We have enabled more than 14,000 customers to obtain financing for more than 20,000 products.
Aspira is a Fintech Company that officially launched in Kenya in 2018 is a wholly-owned subsidiary of a Publicly-Listed company in Mauritius called CIM Finance Group, which has been doing consumer product financing for 33 years and disburses close to $200 million a year, financing anything from utensils to yachts.
“This credit system will enable Crown Paints customers who visit the Likoni road showroom to quickly acquire and leave with paints, coatings or accessories and pay for them in installments over a period of one year in either daily or monthly. This is unlike other programs which require customers to fully pay for the goods and services before collecting them”
Since the outbreak of Coronavirus in the country early this year, the construction industry has faced a myriad of challenges including staff layoffs experienced by 40% of construction firms, need to adopt new safety procedures for handling materials and transferring tools and equipment between job sites as well as delayed or canceled projects.
The virus’s adverse effects on the economy have led to stock-outs and delayed deliveries, cancellation of business-related travels and high cost of operations which has reduced competitiveness as the price of imported inputs has skyrocketed.
