Renault Launches New SUV for Kenyan Market
Renault has launched a new Sport Utility Vehicle (SUV) specifically for the Kenyan market. Dubbed Kiger, the new five sitter SUV strengthens Renault’s offering in Kenya that already includes Kwid, [...]
FTGH posts Net Profit Of KSh 102.5M
Flame Tree Group Holdings(FTGH), a diversified manufacturer and distributor of plastic tanks, cosmetics, snacks, spices and playground equipment, has announced a 36.4% increase in net profit to KSh 102.5 Million [...]
Kenya Orchards Net Earnings hit KSh3.7 Million
Kenya Orchards Plc, a listed firm that manufactures and sells fruit and vegetable bottled and canned products for domestic consumption in Kenya, has emerged from a net loss of KSh [...]Kenya's Mobius Motors Eyes Expansion to Uganda Tanzania
Local carmaker, Mobius Motors has announced plans to expand into Uganda and Tanzania, even as it ramps up production of its second-generation model which costs KSh1.5 million. The first generation [...]Nigeria Opens Africa's Largest Fertilizer Plant for $2.5 Billion
Nigeria has opened a 3-million-tonne fertilizer plant at a cost of $2.5 billion, seeking to become a net exporter of fertilizer. The plant is the largest in Africa and second [...]Carbacid Net Profit rises 71% to KSh 360.7 Million in H1, 2022
Carbacid Investments Plc Net Profit After Tax increased to KSh 360.7 Million at the end of the six months ended 31st January 2021 compared to KSh 210.4 Million as of [...]State to Lift Ban on Scrap Metal Trade
The State has announced plans to lift the ban it imposed on export and dealings in scrap metal in a move set to offer a sigh of relief to traders [...]
Kaluworks Limited Creditors Given Deadline to Lodge Claims
Kaluworks Limited , a manufacturing firm that was previously owned by Billionaire Industrialist Manu Chandaria, and now under receivership, has its creditors to lodge their claims by 10th March 2022. [...]KRA Signals Concessions with Keroche in Outstanding Tax Rows
The Kenya Revenue Authority (KRA) has signalled peace with Keroche Breweries after day-long negotiations with the owners of the embattled firm on Thursday over a disputed Sh22.79 billion tax bill. [...]KRA Defends Actions Against Keroche Citing Unfair Competition
The Kenya Revenue Authority(KRA) has defended its actions against Keroche Breweries Ltd saying the alcohol manufacturer has consistently failed to remit taxes and also failed to honour its agreed payment [...]KAM Reaches Out to Keroche Over Closure of Company
The Kenya Association of Manufacturers (KAM) has called on Keroche Breweries to activate their membership to allow them to assist in their ongoing tax case. In a statement, KAM CEO [...]Moderna to set up its first African vaccine facility in Kenya worth $500 Million
American pharmaceutical and biotechnology company Moderna, Inc. has announced plans to build its first African mRNA jab-manufacturing facility in Kenya at a cost of $500 Million. The company said it [...]
