Finance Bill 2025: Kenya to Reduce Steel Import Levies to Ease Costs
Lawmakers will debate on the reduction of export promotion levies on key steel imports, as proposed in the Finance Bill 2025, signalling a shift in the government's strategy to bolster [...]
Crown Paints Bounces Back with KSh 544 Million Profit, Declares KSh 3.00 Dividend
Listed paint manufacturer Crown Paints has announced a strong financial recovery for the year ended 31st December 2024, posting a KSh 544 million net profit, up from a KSh 29 [...]
East African Cables Turns Operational Corner Amid Debt Challenges
East African Cables Plc has posted a 2% increase in revenue to KSh 2.57 billion for the financial year ended December 31, 2024, supported by product innovation, new market channels, [...]BOC Kenya Profit Rises to KSh211.6M Despite 21.7% Revenue Drop in 2024
Listed industrial and medical gases manufacturer BOC Kenya Plc has posted a profit after tax of KSh211.6 million for the year ended 31 December 2024, up from KSh198.1 million in [...]Sameer Africa Posts KSh 260m Profit in 2024
Listed tyre manufacturer Sameer Africa has swung to a KSh 259.9 million profit after tax in 2024, up from KSh 46.3 million the year before. The jump was largely tied [...]Mobius Motors Acquired by Middle-Eastern Firm Silver Box
Silver Box, a Middle East-based investment and technology firm, has acquired Mobius Motors Kenya for an undisclosed sum, marking a significant shift for the ailing local automotive manufacturer. Preserving and [...]Amsons Group to Pump Kshs 52bn into Bamburi Cement
Cement manufacturer Bamburi Cement's new parent company Amsons Group has said it will pump US$ 400 million (~KShs. 52 billion) into the company over the next three years to power [...]
EABL Half Year Profits Increase by 20% to KSh 8.1 bn
Listed brewer East African Breweries (EABL) recorded a KSh 8.1 billion profit after tax in the first half of 2024, a 20% increase from KSh 6.8 billion in the same [...]Mumias Sugar Issues KSh 150mn Bonus to Farmers
Mumias Sugar has issued Ksh150 million bonus to cane farmers as leaders from the region challenged the government to fast-tract reforms in the entire industry to save Kenya from using [...]Amsons Group Acquires Bamburi Cement in Successful Buyout Deal
Shareholders of Bamburi Cement agreed to transfer 350.4 million shares to Tanzania’s conglomerate Amson’s Group in a buyout deal that might lead to the potential delisting of the cement manufacturer. [...]Manufacturer Kenafric Gets Nod to Acquire Stationery Competitor
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of Economic Industries Ltd. by stationery manufacturer, Kenafric Manufacturing. “Entry and exit barriers in the market for stationery in [...]Supreme Court Reinstates KSh 1.3bn Compensation for Changamwe Lead Poisoning Victims
This week, the Supreme Court upheld the verdict by the Environment and Land Court (ELC) awarding KShs 1.3 billion to residents of Owino Uhuru village in Changamwe, as damages for [...]
