EABL Records a 21% fall in Net Profit to KSh 12 B as Taxes Bite Hard
East African Breweries Limited(EABL) posted a 21% decline in its net profit for the full year ended 30th June 2023 to KSh 12.32 billion. The listed brewer also cut is [...]
German Pump Manufacturer Wilo Group Opens Assembly Plant In Nairobi
Wilo Group, a German manufacturer of pumps and pump system has re-energised its operations in Kenya with the launch of an assembly plant in Nairobi. The company sees opportunity in [...]
BAT Kenya Half-Year Net Profit Drops 3.5% to KSh 2.8 Billion
British American Tobacco (BAT) Kenya Limited reported a fall in Half-Year Net Profit by 3.5% to KSh 2.8 billion for the period ended 30th June 2023 from KSh 2.9 billion [...]East African Portland to Craft Recovery Plan by August
East African Portland Cement must design a financial recovery strategy by August 17th this year, according to directions from the National Assembly Public Investments Committee on Commercial Affairs Energy, [...]Britania Biscuits to be Finally Liquidated
Britania Foods Limited, a household name that has been operating in Kenya for the past three decades and known for its popular biscuits brand,has finally crumbled and is up for [...]AU States Challenged To Ban Second-hand Clothes Import
African Union Member States have been challenged to ban the importation of second-hand clothes to promote textile and apparel industry in the continent. To transform the productive capacities of the [...]Kenya's Edible Oil Manufacturers Want Protection Over Imports
Local Manufacturers of edible oil are proposing a raft of measures to lower the cost of cooking oil and protect the industry from imports creating uneven competition. An estimated Sh100 [...]East African Cables Group's Administration Frozen by Court Action
East African Cables has obtained a court injunction stopping the appointment of an administrator to the firm, in a notice issued by Equity Group, dated 16th June 2023. This move [...]Section of Schneider staff to transition in takeover deal
French multinational Schneider Electric Kenya says it has completed a plan to handover the operations of its manufacturing and assembly plant to one of its key partners ACTOM Kenya limited. [...]Kenya Power Tariffs Review to Raise Manufacturers’ Cost by 38%-KAM
Kenya Power and Lighting Company's (KPLC) bid to review electricity tariffs could result in a 38% hike in the cost of electricity for manufacturers, leading to higher prices for consumer [...]Locally Assembled Vehicles Market Share Jumps to 78.1%
The share of locally assembled vehicles has jumped to a new peak of 78.1% of all new automotive sales, from the previous peak of 70.6% in the year ended December [...]High Court Allows KCB Absa to Seize Savannah Cement Assets over Unpaid Debts
The High Court has allowed KCB Group and Absa Bank to seize assets of Savanna Cement Ltd over a debt running into hundreds of millions of shillings. Justice Wilfrida Okwany [...]
