Kenya Consumer Protection Advisory Committee Gets New Members
The Cabinet Secretary for Industrialization, Trade and Enterprise Development Betty Maina recently appointed new members to the Consumer Protection Advisory Committee. The committee was created under the Consumer Protection Act, [...]
Mumias Sugar Receiver Manager Calls for Fresh Leasing Bids
Mumias Sugar Company receiver-manager, Ponangipalli Venkata Rao, has re-advertised a lease deal for the KSh15 billion assets of the debt-ridden sugar firm. Parties interested in placing their bids have until [...]
Kenya's Economic Activity Eases in July
Kenya's economic activity continued to ease in July as businesses relaxed their expansions in output, new orders, and employment during the month. Stanbic Bank Kenya's Purchasing Managers Index (PMI) fell [...]Unga Group to Partner with Dutch Animal Feeds Company
Unga Group, a leading animal feeds manufacturer in East Africa, plans to enter into joint venture agreements with the Dutch-based Nutreco, one of the world's biggest animal nutrition and aquafeed [...]Sameer Africa Reports KSh154 Million Half-Year Profit
Sameer Africa's half-year net profit for the period that ended on 30th June jumped to KSh154 million from a net loss of KSh59 million in the same period in 2020. [...]EABL's Pretax Profit Jumps by 2% to KSh10.9 Billion
East African Breweries Limited (EABL) reported slow profit growth in the year that ended on 30th June 2021, due to the negative impact of inflation, foreign exchange fluctuations, and tax [...]BAT Half-Year Revenue Jumps to KSh20.2 Billion Boosted by Domestic Sales
BAT Kenya has reported a 22% increase in revenue in the six months that ended on 30th June 2021 to KSh20.245 billion compared to KSh16.615 billion posted in the same [...]Plans to Lease 5 State-owned Sugar Mills Still On -Munya
The Cabinet Secretary for Agriculture, Livestock, Fisheries and C0-operatives Peter Munya has said plans to lease 5 financially troubled state-owned sugar factories is still on the cards. This is despite [...]
Gov't Announces Plans for a KSh100 Million Cotton Ginnery in Lamu
The government has announced plans to construct a KSh100 million cotton ginnery in Lamu County, seeking to revive cotton farming. According to Lamu County Governor, Fahim Twaha, the ginnery will [...]Kenya's Economic Activity Picks Up in June
Kenya's private sector activity improved in June, although at a modest pace, according to the latest Stanbic Bank Kenya Purchasing Managers Index (PMI). The improved activity was supported by increased [...]NCBA Places Kaluworks under Receivership over KSh4.3 Billion Debt
NCBA Group has placed Kaluworks Limited under receivership, with effect from 27th May 2021, over non-payment ofKSh4.3 billion debt. The bank has appointed Pongangipalli Rao as the receiver manager, seeking [...]Crown Paints Net Earnings Rise 85% to KSh 599.5 Million
Crown Paints Kenya Plc Net earnings improved to KSh 599.5 Million at the close of the financial year ending 31st December 2020 from KSh 323 Million over the same period [...]
