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 [...]
KBL eyes low-end Drinkers with New KSh 1 Billion Bottling Line
Kenya Breweries Limited(KBL) is set to make a fresh stab at the low-end alcohol market with an additional new spirits production line worth KSh 1 Billion. This follows growing competition [...]Relief as IFC Global Partners Commit to Fund Vaccine Production in Africa
The International Finance Corporation, America's International Development Finance Corporation (DFC), Germany's Development Finance Institution (DEG) and France's Proparco on Friday announced a partnership to fund vaccine manufacturing in Africa. The [...]Unga Group Plc Week's Worst Performer at NSE
Unga Group Plc was the top price loser when trading at the Nairobi Securities Exchange(NSE) ended on Friday last week. The counter posted an 11.95% share price decline to end [...]8 firms Submit Bids to run Mumias Sugar Company on a Lease
A tender for the leasing of debt-ridden Mumias Sugar has attracted eight firms, including the Devki Group- a steel and cement manufacturing conglomerate run by tycoon Narendra Rava. The giant [...]Bamburi Cement Investors to Receive KSh1.089 Billion in Dividends
Bamburi Cement investors are set to receive KSh1.089 billion in dividends after the company posted impressive results in 2020. Shareholders on the company's register at the close of business on [...]KRA to Collect KSh 517 Million in Unpaid Taxes from Tobacco Firm
The Kenya Revenue Authority(KRA) will now collect KSh 517 Million in unpaid taxes from Mastermind Tobacco Kenya Limited following a decision by the Tax Appeals Tribunal. According to market research [...]BOC Kenya Plc Owners to Earn Millions from Carbacid's Takeover Deal
BOC Kenya Plc top 10 shareholders will walk away with millions when Carbacid Limited finally buys the firm. Ngugi Kiuna, with a total of 1,484,700 shares or owning 7.6% of [...]BOC Kenya's proposed takeover by Carbacid hits Legal Minefield
BOC Kenya's proposed takeover by Carbacid in collaboration with Aksaya Investments has been put on hold pending the hearing of an appeal at the Capital Markets Tribunal. In a cautionary [...]Volvo to Go All Electric by 2030
Volvo has announced plans for its entire car line-up to be fully electricby 2030, all of which will only be sold online. The Swedish carmaker said 50% of its global [...]
