Crown Paints Posts Net Profit of KSh 731M
Crown Paints Kenya Plc recorded a net profit of KSh 731 Million in 2021 compared to KSh 600 Million in 2020, its audited financials for 2021 show. The firm’s revenue [...]
Bamburi Cement Net Profit Up 27.3% to KSh 1.4B
Bamburi Cement Plc made a net profit of KSh 1.4 billion in 2021, up from KSh 1.1 billion for the period ended 31st December 2020. The Group’s profit before tax [...]BOC Kenya Plc Net Profit Ups 6.5% to KSh 108.3M
BOC Kenya Plc made a Net Profit of KSh 108.3 Million at the end of 31st December 2021 compared to a Net Profit of KSh 101.7 Million in 2020. The [...]Coca Cola Posts $10.5 Billion Net Revenue in Q1 2022
Coca Cola net revenue in the first quarter of 2022 rose by 16% to hit $10.5 billion, attributed to higher prices and a rebound in demand for its sodas at [...]
East African Cables Posts Net Loss of KSh299.7 Million
East African Cables Plc recorded a Net Loss of KSh 299.7 Million at the close of the financial year ended 31st December 2021. This is an improvement from a Net [...]Tanzania Breweries Net Profit Rises 68% to $64.4M
Tanzania Breweries Limited(TBL) Plc Net Profit increased by 68% to TSh 149,658 M ($ 64.4M) at the close of 31st December 2021. This is compared to a net profit of [...]Toyota to Invest $383 Million in US Plants
Japan-based auto maker, Toyota, has announced plans to invest $383 million in four of its U.S. production plants building new Toyota and Lexus vehicles. The new investment is aimed at [...]Egypt's GB Auto to Set Up Passenger Vehicle Assembly Plant in Kenya
Egyptian auto dealer Ghabbour Auto (GB Auto), has announced plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya. The firm manufactures, assembles, imports and distributes [...]Honda to Invest $40 Billion in Electric Vehicles in the Next 10 Years
Japanese automaker Honda has announced plans to invest $40 billion into electric vehicle technology in the next ten years, even as it seeks to switch all sales away from traditional [...]Government to Exempt Locally Assembled Passenger Cars from VAT and Excise Duty
The State has announced plans to exempt locally assembled passenger cars from VAT and excise duty, looking to reduce the prices of the automobiles as well as encourage local assembly. [...]CFAO Motors, Formerly Toyota Kenya, to Construct KSh500 Million Showroom in Kisumu
Toyota vehicle distributor, CFAO Motors Kenya has announced plans to construct a KSh500 million new showroom in Kisumu. The dealer will partner with the Lake Region Counties as they prepare [...]General Motors Partners with Honda for Electric Vehicles
General Motors has partnered with Honda Motor to co-develop a series of electric vehicles based on a new global architecture, seeking production of millions of vehicles starting in 2027. The [...]
