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 [...]
Unga Group Plc Half-year Earnings drop 44.8% to KSh 83.5 Million
Unga Group, a listed miller, has posted a decline in its half-year earnings to KSh 83, 476,000 for the six months ending 31st December 2020. These earnings are compared to [...]EAPCC to hold virtual AGM next month
East African Portland Cement Company(EAPCC) has issued a notice to its shareholders concerning plans to hold a virtual 88th Annual General Meeting (AGM) on Thursday, March 11, 2021, at 11.00 [...]Rolls Royce Announces Jet Engine Plants Shutdown to Curb Losses
Rolls Royce has announced plans to close its jet engine plants for civil aircraft for two weeks, a move that seeks to help cut losses. The plan will, however, not [...]
