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 [...]Kenyan Private Sector Less Hopeful in 2024-PMI Survey
The Kenyan private sector is less optimistic about new business opportunities in 2024 with the degree of confidence slipping to a seven-month low, the latest Purchasing Managers Index (PMI) indicates. [...]Bamburi Cement Refutes Claim of Closure over Environment Concerns
Bamburi Cement has refuted claims of shut down of its general operations over environmental concerns raised by the Mombasa County Government. “In collaboration with the County Government of Mombasa, we [...]Bamburi Cement Plc Makes Changes to its Board
Bamburi Cement Plc, a listed Kenyan firm engaged in the manufacture and sale of cement and related products, has announced the appointment of Tito David Koros as a Non-Executive Director [...]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. [...]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 [...]Lethargic Sugar Sector Gets Lifeline as COMESA Issues Another Two-year Safeguard
Kenya has secured yet another 2-year extension of the sugar of safeguard measures by COMESA's Council of Ministers This is the 7th such extension of the Common Market for Eastern [...]
