Job Losses Up in November as Private Sector Activity Contracts-PMI Index
The rate of job losses in the private sector increased in the month of November, due to weaker output and reduced workloads, the November Kenyan Purchasing Managers Index (PMI) shows. [...]
Dr Githinji Gitahi Resigns From Standard Group Plc Board
Standard Group Plc has notified shareholders and the investing public of the resignation of Dr Githinji Gitahi as an Independent, Non-Executive Director of the publisher with effect from November 10th, [...]
Kenyan Companies Restructure in Tough Business Environment
Unga Group is planning to lay-off at least 50 employees in a strategy expected to help the company navigate the harsh economic environment. “Currently the biggest challenge for many organisations [...]Explainer: Why Your Company Needs a Balance Sheet
KCB's balance sheet grew to KSh 2.1 trillion in Q3 2023 compared to Equity Group which reached KSh 1.7 trillion over the same period. A balance sheet is one of [...]Equity Group Completes Acquisition of Rwandan Bank
Equity Group Holdings Plc (EGH), has completed its acquisition of Rwanda’s bank, Compagnie Générale de Banque (Cogebanque) Plc. Simultaneously, EGH offered to acquire all the remaining shares from the rest [...]Bigstore Secures Funding, Expands eCommerce Services
Ecommerce company Bigstore.africa, has announced that it has received an undisclosed investment in its recently completed angel funding round. “Our goal is to bring back trust in ecommerce in Kenya [...]Kenya’s Inflation Rate Dropped Marginally in November
The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.8 per cent, in November 2023, down from 6.9 per cent recorded in October. [...]Bamburi Discontinues Ordinary Portland Cement, Pushes Greener Products
Bamburi Cement Plc has announced that it will stop production of Ordinary Portland Cement (OPC) within its product line from January 1, 2024, as part of its commitment to decarbonizing [...]African Experts Call for New Paradigm to Unlock Methane Action Financing
As global methane emissions continue to rise, African policymakers, ahead of COP28, are calling for a transformative approach to finance methane reduction initiatives across the continent. “There is strong evidence [...]Kenya Signs Food MoU, Targets to Cut Imports by US$200M Per Year
Kenya is seeking to cut food imports by US$200 million per year through a partnership with UK-based company, United Green Group (UG). The Agri-Food Investment will focus on climate-smart and [...]Sameer Issues Profit Warning, Plans to Retire Foreign-Currency Dominated Liabilities
Sameer Africa has embarked on strategies aimed at retiring its foreign-currency dominated liabilities as shilling continues to weaken against the dollar. The company is projecting its net earnings to go [...]MediaPal Wins CIO Africa Award
MediaPal, Africa's forefront technology company, has been awarded the prestigious CIO Africa Award in the Technology and Telecommunications category. This accolade is a testament to the hard work, dedication, and [...]
