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 [...]
Local Car Dealers Assemble 7,052 Units in 2020
Local car dealers assembled a total of7,052 unitsin the year 2020, rising at 2.2% compared to the 6,894 units assembled in 2019. The assembled units accounted for 63.6% of all [...]BOC Kenya Proposed Takeover by Carbacid Investments Hits another Delay
BOC Kenya sale proposed acquisition by Carbacid Investments and Aksaya Investments has been pushed forward, the second time directors of the listed oxygen firm have pushed forward the timelines. When [...]Ford to Invest $1 Billion in Upgrading Operations in South Africa
Ford Motors has announced plans to invest$1.05 billionin its South African manufacturing operations. This includes upgrades to expand production of its Ranger pickup truck. The investment includes $683 million for [...]Eveready Delays Publication of its End-Year Results on Pandemic Woes
Eveready East Africa Plc has announced to shareholders that it will delay reporting its results for the financial year ended 30th September 2020. “Due to unavoidable circumstances, we will not [...]Kenya to Stop Importing Second Hand Cars by 2026
The Kenyan government has announced plans to stop importing second hand cars by 2026, a move that seeks to grow the local car assembly industry. This comes at a time [...]Mobius Motors Opens New KSh330 Million Plant in Nairobi
Local carmaker, Mobius Motors, has launched a newKSh330 millionmanufacturing plant in Nairobi. According to the company's Chief Operating Officer, Nicolas Guibert, the factory will produce at least eight units daily. [...]Bamburi Cement Launches Houses of Tomorrow' Scales Up Green Construction
Through its parent company LafargeHolcim, Bamburi Cement has launched Houses of Tomorrow' (HoT), an innovative and green construction project that seeks to fulfil the company's sustainable construction agenda through low-carbon [...]KEBS Maintains December 31 Ultimatum for Clearing 2013 Used Vehicles
Second-hand vehicle importers have until Thursday, 31st December, to clear used cars whose first year of registration is from January 2013. This follows a Kenya Bureau of Standards (KEBS) announcement [...]Syspro Survey Shows Increasing Business Confidence Despite COVID-19 2nd Wave
A survey by Syspro, conducted among Chief Financial Officers (CFOs) in manufacturing enterprise companies, shows that close to50% of manufacturing companies have already recovered business or expect to do so [...]
