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 [...]IFC Loans $12 Million to Ghana's Steel Plant
The IFC (International Finance Corporation) has issued a $12 million loan to Rider Iron and Steel Ghana to support the company's construction of a steel manufacturing plant. The move seeks [...]BAT Records KSh 2.68 Billion Net Profit in 2020 H1
Cigarette manufacturer British American Tobacco (BAT) reported a half-year net profit of Ksh 2.68 billion, attributing the performance to lower finance costs. The company recorded a 1.5% increase in profit [...]Mucai Kunyiha, KAM's New Board Chair
The Kenya Association of Manufacturers (KAM) has appointed Mucai Kunyiha as its new Chairperson, taking over fromSachen Gudka. Mucai, the Group Managing Director for Cooper K-Brands, an animal health company [...]Tatu City Cold Solutions Ink KSh7.5 Billion Investment Deal
Tatu City and Cold Solutions Kenya Limited have inked a KSh7.5 billion investment deal that will see the latter construct state-of-the-art, temperature-controlled cold storage warehouses in the country. The firm [...]Tesla Beats Toyota to Become World's Most Valuable Automaker
Tesla has overtaken Toyota to clinch the first position, becoming the world's most valuable automaker. Shares of the electric car maker rose nearly 4% to hit an all time high [...]Nissan to Setup New Manufacturing Plant in Kenya
Carmaker Nissan Motor Co is planning to cement its presence in Africa by setting up new bases as well as launching new models for the continent. The Japanese automaker is [...]
