Cement Production Grows on Credit Access, Consumption Rate Slows in Q3
A steady improvement in credit to the building and construction sector contributed to a growth of cement manufacturing sub-sector in the third quarter of last year, according to the latest [...]
Car General Posts Net loss of KSh 274 million on Forex Losses
Car General Kenya Plc, a listed dealer in power generation, automotive, construction and industrial engineering products in East Africa, has posted a net loss of KSh 274 million in [...]
BOC Kenya Plc Net Earnings Ups 33.9% to KSh 198.1m
BOC Kenya Plc recorded a net profit of KSh 198.1 million for the year ended 31st December 2023 compared to net earnings of KSh 147.9 million in 2022, an increase [...]Crown Paints Kenya Posts Net Loss of KSh 29mn in 2023
Crown Paints Kenya Plc, a listed paints and coats manufacturer, slid into a net loss of KSh 29 million in 2023 from a net profit of KSh 824 million in [...]East African Cables Plc Cuts Net Losses to KSh 301.9Mn
East African Cables Plc, which has subsidiaries in Uganda, Tanzania, Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo, registered a net loss of KSh 301.9 million at the [...]Flame Tree Group Net Losses Fall to KSh 74.7m
Flame Tree Group, a manufacturer and distributor of plastic products and fast-moving consumer goods, recorded a net loss of KSh 74.4 million in 2023, an improvement from a net loss [...]Canadian Firm Launches Takeover Bid for East African Packaging
East African Packaging Industries (EAPI) minority shareholders have received a new takeover offer from majority shareholder Canadian Overseas Packaging Industries (COPIL), which is seeking to acquire total control of the [...]Government Approves 5,000 Acres for EPZ in Naivasha
The government has approved the final purchase of 5,000 acres of land in Naivasha industrial Park for the construction of Economic Processing Zone (EPZ). This will complement similar facilities in [...]Bamburi Cement Plc Posts Net loss of KSh 399M
Bamburi Cement Plc posted a net loss of KSh 399 million in 2023 compared to a net profit of KSh 181 million in 2022. Earnings per Share which measures a [...]Tesla Cuts 10% of its Global Workforce
American auto manufacturer, Tesla, will retrench 15,000 workers in all its departments as a strategic scheme of remaining afloat and profitable in the competitive EV market. As part of this [...]Court Settles Decades-Long Family Feud for Manchester Outfitters
The commercial division of the Milimani Law Courts has ratified majority shareholder Mohan Galot as the sole director of garments manufacturer Manchester Outfitters, settling a long-running dispute that escalated in [...]Devki Group Unveils KSh 45Bn Clinker Plant in West Pokot
Devki Group of Companies has launched a KSh 45 billion Clinker Plant in West Pokot to tap into the growing demand of cement in the country and across Africa. “The [...]
