On March 30, 2022, Lipa Later, a payment option that allows customers to purchase commodities through affordable monthly instalments, partnered with Hotpoint Appliances Ltd, Kenya's premier supplier of Home Appliances and Electronics.
Hotpoint Appliances Ltd was established in 1984 with its first store located in the Sarit Centre shopping mall in Nairobi. The company currently has nine stores across Kenya and a fully-fledged online store selling a wide range of global brands.
Hotpoint Appliances offers a range of products, including TVs and Home Entertainment, Fridges and Freezers, Cookers and Ovens, Small Kitchen and Home Appliances, among others. The company has also introduced a range of customer aspirational experience products such as JBL, Apple, and Nikon.
According to Research & Markets, the Kenya home appliances Market attained a value of USD 184.48 million in 2018 and is expected to increase to USD 363.92 million by the end of 2027, growing at a CAGR of 7.88 percent.
Hotpoint Appliances Managing Director Keval Kanini said, "We are very happy to be onboarding Hotpoint Appliances and the range of different household and electronic products they bring to the table."
