Carbacid Investments Plc Records HY Net Profit of KSh 485.2M
Carbacid Investments Plc made a net profit of KSh 485.2 Million for the six months ended 31st January 2024, , an increase of 18% from KSh 411.7 Million reported over [...]
Kenya Woos Egyptian Investors with EU, US Trade Deals
Kenya is banking on its trade deal with the European Union and its central location in East Africa to woo Egyptian investors to the country, government officials said during the [...]
Bureau Veritas Takes Over Yana Oil Lab in Nairobi
Bureau Veritas has taken over the operation and management of Yana Oil Limited lubricating oil blending plant in Nairobi, effective from March 1, 2024. Yana Oil, established in 2020, manufactures [...]
Bamburi Cement Exits Ugandan Subsidiary after Selling 70% Stake
Bamburi Cement PLC has sold 1.3 million ordinary shares of its Ugandan unit to Sarrai Group Limited and Rwimi Holdings amidst shrinking demand in the cement market. The board of [...]Unga Group Posts KShs 341.6mn Net Loss
Unga Group Plc, the only listed miller at the Nairobi Securities Exchange(NSE) sunk deeper into loss territory, with a net loss of KSh 341.6 Million for the half year ended [...]Phoenix Beverages Acquires Minority Stake in African Originals
Mauritius-based Phoenix Beverages Ltd (PBL), a subsidiary of IBL Ltd, can acquire minority control in African Originals, after the Competition Authority of Kenya (CAK) approved the deal. the transaction is [...]BAT Kenya Net Profit Drops 18.8% to KSh5.6Bn As Taxes Bite
British American Tobacco (BAT) Plc, a listed tobacco manufacturer, has posted an 18.8% decline in its net profit for the full year 2023 to KSh 5.6 Billion from KSh 6.9 [...]Experts Identify Weak Links in EAC's Leather Industry
Unfavorable competition and the weak linkages between Micro, Small, and Medium Enterprises (MSMEs) and formal retail outlets continue to block the East African Community member states from reaping benefits of [...]Toyota Commits KShs 800mn to Revive Kenya Vehicle Manufacturers
Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for collaboration in vehicle manufacturing and renewable energy development. KVM manufactured its first car in August 1976. It [...]Companies Hired More in January as Private Sector Activity Nears Stability
Activity within Kenya’s private sector almost moved to the growth territory in January, save for weak client demand and cash flow problems which affected sales at many companies. Purchasing Managers’ [...]EABL Stock Price Plunges as Tax Conditions and FX Market Dampen Profitability
In a landscape where regulatory changes can swiftly alter the course of businesses, East African Breweries Limited (EABL) finds itself grappling with the ramifications of an amendment to Sec 36 [...]
EABL Profit After-Tax Declines 22 percent to Kshs 6.8 billion
EABL’s half-year profit after tax declined 22 percent to Kshs 6.8 billion compared to same period last year, primarily driven by macro-economic-driven cost inflation and rising finance costs. The Group [...]
