Sat, 07-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Section of Schneider staff to transition in takeover deal

    Fred
    By Fred Obura
    - June 16, 2023
    - June 16, 2023
    Kenya Business newsManufacturing
    Section of Schneider staff to transition in takeover deal

    French multinational Schneider Electric Kenya says it has completed a plan to handover the operations of its manufacturing and assembly plant to one of its key partners ACTOM Kenya limited.

    The manufacturing and assembly forms about 7 per cent of the company’s total business, employees attached to the section which is being offloaded by start of next month will be hopeful for a possible consideration by ACTOM Kenya.

    “Nearly one third of our work force will be affected by the new deal between us and ACTOM, the affected staff will transition,” said Carol Koech, Country President, East Africa Schneider Electric.

    With the takeover of the production of Schneider’s BlokSeT type tested switchboards, Schneider Electric will still retain ACTOM as one of its clients.

    “This agreement will see Schneider Electric Kenya transfer its manufacturing operations, assets, and people who currently operate the manufacturing and assembly plant to ACTOM. It will also entail the company’s assembly and manufacturing plant employees continuing with their professional journeys with ACTOM,” she said.

    ACTOM is a manufacturer, solution provider, repairer, maintainer, and distributor of electro-mechanical equipment in Africa. The firm offers a combination of manufacturing, service, repairs, maintenance, projects and distribution through its 33 outlets throughout Sub-Saharan Africa and footprint across the globe.

    Following this transition, ACTOM Kenya becomes the partner licensed by Schneider Electric to manufacture BlokSeT type tested switchboards for East Africa.

    Koech added that the company will continue its operations in East Africa and remains committed to growing its activities in the East African business.

    “Moving the manufacturing and assembly operations to ACTOM is indicative of the focus on positioning the company with key technology partners who undoubtedly strengthens our strategic ambition to prioritise our digital offerings, software and services to in turn enhance our service level to our loyal customers.”

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa