Kenyan Firms Spend 38% More on Cloud and ERP Services in Search of Efficiency
In Kenya, companies have boosted their expenditure on cloud and ERP services by 38% as businesses seek more efficiency during the pandemic. A survey by World Wide Worx in collaboration [...]
Cement Maker EAPCC Sinks into KSh 10 Billion Insolvency
East African Portland Cement Company (EAPCC) is KSh 10.2 billion insolvent after it failed to repay a long-term loan owed to KCB bank. Auditor General Nancy Gathungu's report to parliament [...]ARM Cement Creditors to Get a Paltry KSh50 Million from Sale of Tanzanian Subsidiary
ARM cement creditors will get a paltry Ksh50 million from the sale of its Tanzanian subsidiary despite the sale raising a Ksh2.25 billion surplus. This is after the Tanzania Revenue [...]
Crown Paints to raise KSh 711.8 Million from Rights Issue
Crown Paints Limited plans to do a pre-emptive rights issue that will see its shareholders participate in the acquisition of 71,181,000 out of the 92,526,000 newly created shares. Preemptive rights [...]
Kenya Approves First Locally Manufactured Ventilator
The Kenya Bureau of Standards, KEBS certified the first locally manufactured ventilator. The ventilator dubbed Pumuashi 3.0 was developed by the Kenya Association of Manufacturers KAM Automotive Sector led by [...]Kenya Position 115 out of 152 in Manufacturing Competitiveness
Kenya has ranked position 115 out of 152 countries in the Competitive Index Report (CIP) Index Report, 2020. The Report benchmarks the ability of countries to produce and export manufactured goods competitively. It provides a yardstick against which Kenya can compare its manufacturing [...]DOB Equity Boosts Tanga Fresh's Processed Milk Production with New Capital Investment
Private Equity Firm DOB Equity has made an additional investment in Tanzania’s Tanga Fresh, boosting the firm’s capacity to venture into the long-life milk market. Capital from the reinvestment will [...]Petco Calls for Extended Producer Responsibility Policy to Manage Plastic Waste
PET Recycling Company (Petco) is calling for policy push to drive Extended Producer Responsibility, which would hold manufacturers accountable for their plastic waste. Speaking in a webinar, Country Manager Joyce [...]Volkswagen Launches Vehicle Assembly Facility in Ghana
Volkswagen has opened a vehicle assembly in Accra, installing a capacity of 5,000 units per year. The Accra facility will allow the company to boost local manufacturing following Ghana's partial [...]East African Cables Posts KSh630.9 Million in Net Earnings
East African Cables Limited published its financial results, realizing KSh630.9 million in net earnings for the period ended 31st December 2019. This is compared to a net loss of KSh568.4 [...]Renault's First Half Vehicle Sales Decline 34.9%
French carmaker, Renault, has announced a34.9%decline in their worldwide vehicle sales for the first half of 2020, attributed to the negative impacts of the global COVID-19 pandemic, with a majority [...]Motor Vehicle Sales Rise to 762 Units in June
New data from the KMIA (Kenya Motor Industry Association) shows that motor vehicle sales rose to 762 units in June, an improvement from 568 units in May, the lowest so [...]
