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 [...]Volkswagen Invests $2.33 Billion in China's Electric Cars
Volkswagen plans to invest $2.33 billion in two separate Chinese electric vehicle firms, setting a giant print in the world's biggest auto market. According to the company, they will invest [...]BAT Kenya Makes Changes in its Board of Directors
British American Tobacco has announced changes in its board of directors, appointing Philemon Kipkemoi as an Executive Director in its board. Philemon has been with BAT for 14 years. He [...]Renault Announces 15,000 Job Cuts
French carmaker, Renault, has announced plans to implement 15,000 job cuts around the world, even as it tries to remain afloat during the COVID-19 pandemic. The firm recorded its first [...]EA Portland Cement Announces Voluntary Early Retirement Scheme
East African Portland Cement has announced a voluntary early retirement scheme in response to the financial challenges from COVID-19. Acting managing director Stephen revealed that the program will help keep [...]ARM to Sell Rwanda South African Subsidiaries
Cement maker, Athi River Mining (ARM), is looking to dispose off its subsidiaries in Rwanda and South Africa, a move that brings it closer to delisting from the NSE. According [...]Car and General Half Year earnings rise to KSh 164.8 Million
Net earnings of listed auto dealer Car General increased to KSh 164.8 Million in the six months ended 31st March, 2020. This is compared to KSh 51.3 Million in [...]
