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 [...]Kathryne Maundu appointed company secretary at BAT Kenya
The Board of Directors at British American Tobacco(BAT) Kenya has appointed Kathryne Maundu as the firm's company secretary effective 27th June, 2020. She replaces Waeni Ngea who has resigned effective [...]
Relief for Mumias Sugar as KSh 11 Billion Tax Bill Waived
The Government has waived KSh 11 billion in tax arrears owed by the debt-ridden Mumias Sugar Company. The information was disclosed by the Kakamega Governor Wycliffe Oparanya, while co-chairing the [...]Ways manufacturers can unlock the value of data to drive business intelligence
Data forms the backbone of any manufacturing enterprise. With continuous supply chain disruptions, the allure of data and Business Intelligence (BI) is the ability to look deeper into production, performance, [...]Tesla Reaches a New 3-Year Battery Deal with Panasonic
Electric car maker, Tesla, and Japan's Panasonic have signed a three-year pricing deal relating to the manufacture and supply of lithium-ion battery cells. The agreement sets the specific terms between [...]Volkswagen Group Considers Slashing Costs Amid Financial Downturn
Volkswagen is looking to cut costs to deal with the financial impact of the COVID19 pandemic. Volkswagen Group CEO on Thursday said that the company is facing thinning liquidity due [...]Luxury Carmaker, Bentley, Announces 1,000 Job Cuts
British carmaker, Bentley, has announced plans to implement 1,000 job cuts through a voluntary redundancy scheme, as it tries to remain afloat during the COVID-19 pandemic. The move comes even [...]
