Kenya Targets Global Manufacturers as Trade Deal with US Beckons
The US-Kenya trade deal is set to be ready by October, the Ministry of Investment, Trade, and Industry (MITI) has confirmed while calling on investors in the manufacturing space to [...]
Kenyan SUV Maker Mobius Motors Shuts Down
Vehicle manufacturer and assembler Mobius Motors has gone into voluntary insolvency, after it faced financial constraints that have seen it struggle to pay creditors and employees. At a meeting of [...]
CAK Okays Joint Venture between Kenyan Paper Importer and Foreign Manufacturer
Amstel Trading Company Ltd., which imports photocopy paper into the Kenyan market, is set to establish a paper converting facility in Kenya after the Competition Authority of Kenya (CAK) approved [...]Top 5 Industrial Parks in Kenya
In the early 20th century, Kenya’s colonial administration began laying the groundwork for industrial parks in Kenya's development by recognizing the strategic importance of various locations across the country. The [...]
Savannah Cement's Administrator Opens Up Sale of Company's Assets
One year after the High Court approved the appointment of an administrator to recover Savannah Cement's defaulted debt, the failed cement maker's administrator has invited expressions of interests in its [...]EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the year ended June 2024, from KSh 12.3 billion a year [...]Chinese EV Firm Chery Signs Deal with Local Manufacturer, Plans to Build Assembly Line
A Kenyan autodealer, Afrigreen Automobile, is set to benefit from a US$20 million investment from Chinese EV manufacturer Chery which will be used to establish an assembly plant in [...]Competition Authority Approves Toyota Dealer CFAO Motors KSh 1Bn Acquisition Deal
The Competition Authority of Kenya (CAK) has approved the KSh 1 billion acquisition deal between Toyota-owned CFAO Motors and Thika-based Kenya Vehicle Manufacturers (KVM) Limited, concluding that the agreement will [...]Tanzanian Conglomerate Amsons Group Makes Record $180mn Bid for Bamburi Cement
Tanzanian conglomerate Amsons Group has made a record $180mn (KShs. 23.32bn) binding offer for 100% ownership of Bamburi Cement, valuing the listed cement manufacturer at Shs. 65 per share. “We [...]Packaging Solutions Company SKL Group to List on the NSE
Shri Krishana Overseas (SKL Group), a packaging solutions and shoe manufacturing company, has announced its intention to list by introduction on the Nairobi Securities Exchange's (NSE) Growth Enterprise Market Segment. [...]Uganda Reinstates 25% Import Duty on Electric Vehicles
Uganda has increased import duty from nil in the previous financial year to 25 per cent on fully electric vehicles, hybrid vehicles, and electric motorcycles. On the other hand, companies [...]Approved Credit to Manufacturing Sector Rises to KSh 639 Billion
The total approved credit to the manufacturing sector by both commercial banks and industrial financial institutions rose to KSh 639 billion in 2023 from KSh 528.9 billion in 2022. Demand [...]
