On March 29, 2022, Lipa Later announced its partnership with Hotpoint Appliances, a premier supplier of home appliances and electronics in Kenya.
Hotpoint Appliances, established in 1984, has 9 stores across Kenya and a fully-fledged online store offering a wide range of global brands, including LG, Samsung, Bosch, Ariston, Kenwood, Delonghi, Nutribullet, Nutricook, and Von.
The company's product range includes TVs and home entertainment systems, fridges and freezers, cookers and ovens, and small kitchen and home appliances. In recent years, Hotpoint has introduced customer-aspirational experience products such as JBL, Apple, and Nikon.
According to Research & Markets, the Kenya home appliances market was valued at USD 184.48 Million in 2018 and is expected to grow to USD 363.92 Million by 2027, with a CAGR of 7.88%. The increasing demand for home appliances in Kenya is driven by rising per capita disposable income and the influx of high-end appliances in the country.
