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 [...]Unga Group to Hold 96th AGM Virtually on 7th Dec
Listed miller Unga Group Limited has notified shareholders that it will hold its 96th Annual General Meeting virtually on 7th December 2023. In the financial year ended 30th June 2023, [...]Bamburi Cement Offloads 70% Stake in its Uganda Business to Sarrai Group
Holcim has agreed to sell its Ugandan business, operated by its local subsidiary Hima Cement, to the Sarrai Group for US$120 million. 70 per cent of Hima Cement Limited is [...]EABL Under Probe Over Sale of Additional Shares to UK’s Diageo Plc
The East Africa Breweries Limited(EABL) top management has been placed under scrutiny by the Senate over the acquisition of an additional 15% shares in the giant brewer by its majority [...]Last Minute Proposal to Save Kenya’s Sugar Industry From Death Unveiled
Key players in Kenya’s sugar industry are proposing a number of changes to uplift dwindling fortunes of sugar sector, currently supporting over 400,000 small-scale farmers, who supply over 90 per [...]Crown Paints Kenya HY2023 Net Profit Sinks 87.2% to KSh 37 Million
Crown Paints Kenya Plc Net profit for the half year ended 30th June 2023 plunged 87.2% to KSh 37 Million compared to KSh 288 million in HY 2022.This is as [...]Kenyan Steel Manufacturers Fined Over Sh300M for Price Fixing
Nine steel manufacturers have been fined for engaging in price fixing and output restriction that has led to an increase in the cost of construction, putting financial pressure on consumers. [...]
