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 [...]Savannah Cement Picks Chinese Firm to Construct $300 Million Plant
Savannah Cement Limited has contracted China-based Sinoma International Engineering to construct its Kitui cement plant at $300 million. The company will build an 8,000 tonnes per day clinker plant together [...]GoK Loses KES 9.75 Billion in Potential Tax Annually due to Counterfeits
Combating the proliferation of counterfeits goods will expand Kenya’s annual worth of manufacturing valued added products from KES 650 billion to over KES 1 trillion. According to Anti Counterfeit Authority [...]Tycoon Jaswant Rai's Sukari Industries to Set Up New KES 5 Billion Factory in Trans Mara
Sukari Industries Ltd, linked to Kenyan tycoon Jaswant Rai, is seeking a nod to set up a new KES 5.132 billion factory in Trans Mara, Narok County. The company has [...]Mauritian Firm to Acquire 60% Stake in Savannah Cement
A Mauritian firm, Barak Asset Recovery Limited is set to acquire a 60% controlling stake in local cement producer Savannah Cement, owned by Seruji Limited. In filings made at the [...]EPRA Hints at Granting Taifa Gas Licence to Operate in Kenya
The Energy and Petroleum Regulatory Authority (EPRA) has revealed that it is considering giving a licence to Tanzanian firm Taifa Gas Investment to construct a liquefied petroleum gas (LPG) import and storage [...]Kenya Exports First Batch of Vegetable Oil for Biorefining
Italian multinational oil and gas company, Eni has exported its first cargo of vegetable oil produced in Kenya for biorefining in its Gela biorefinery in Italy. The vegetable oil is [...]
