Williamson Tea Kenya Profit Hits KSh 137.2 Million
Listed agricultural firm Williamson Tea has moved from a loss territory to post a Net Profit of KSh 137 Million for the financial year ended 31st March, 2020. This is [...]
BAT Records KSh 2.68 Billion Net Profit in 2020 H1
Cigarette manufacturer British American Tobacco (BAT) reported a half-year net profit of Ksh 2.68 billion, attributing the performance to lower finance costs. The company recorded a 1.5% increase in profit [...]
Kenya Shilling Hits All-time Low of KSh 107.55 Against Dollar
The Kenyan shilling has come under pressure in the week hitting an all-time low of KSh107.55 against the US dollar. The shilling opened the week on Monday trading at [...]
Kenya's Komaza Secures $28M in Series B Funding
Komaza, Kenya’s sustainable forestry start-up, has secured $28 million in Series B equity financing. Komaza says this investment round was led by Novastar Ventures in collaboration with Novastar LPs AXA [...]NTSA Bid To Phase-out 14 Seater Vehicles Blocked
High Court Justice Weldon Korir has ruled against a decision by NTSA to phase out 14 seater vehicles, declaring the decision illegal and unconstitutional. A court ruling by the judge [...]Mucai Kunyiha, KAM's New Board Chair
The Kenya Association of Manufacturers (KAM) has appointed Mucai Kunyiha as its new Chairperson, taking over fromSachen Gudka. Mucai, the Group Managing Director for Cooper K-Brands, an animal health company [...]KTDA Annual Production Grows by 28.5%
KTDA annual production has hit a record high amid reduced global prices. Production of Tea (Green leaf) by factories associated with Kenya Tea Development Agency (KTDA) Holdings’ grew by 28.5% [...]NSE Market Turnover Rises to KSh 924 Million
Trading on Thursday at the Nairobi Securities Exchange saw a turnover of Ksh. 924.07 million, a slight improvement from Wednesday's Ksh. 883 million. Top mover of the day was Safaricom [...]Dr Steve Mainda Retires as Board Chairman of HF Group
The Board of Directors of HF Group has announced the retirement of 74-year-old Dr Steve Omenge Mainda as a Non-Executive Director and Chairman of HF Group. This decision was made [...]Dr. Dorcas Muthoni Joins HFC Board
The HF Group Plc recently appointed Dr. Dorcas Muthoni as a non-executive director to the board of HFC, a subsidiary of the HF Group. Her appointment took effect on 26th [...]
NCBA Permanently Closes 14 Branches
NCBA has permanently closed 14 of its branches, eight which formerly belonged to NIC, and six to CBA, before the merger. According to the bank, the closures seek to cut [...]IMF Appoints Kenya's Ceda Ogada as Secretary
The International Monetary Fund (IMF) has appointed Kenyan Ceda Ogada as secretary to the fund and the director of the Secretary's department starting September 1, 2020. Mr. Ogada replaces Jianhai [...]
