Overlapping Mandates Choke Kenya’s Manufacturing Sector
Kenya’s manufacturing industry is chocking under the overlapping mandates between agencies of national government and counties threatening contribution to the country’s overall economy, the industry's lobby has said. “Counties, in [...]
Manufacturers Identify Priority Areas to Boost Sector's Contribution to GDP
Manufacturers have identified eleven key areas crucial for the sector to improve its contribution to Kenya’s GDP to 20 per cent by 2030. “We appeal the government to work closely [...]Roam Partners with Mogo to Scale up Marketability of Electric Motorcycles
Mogo, a Kenyan asset finance company, has partnered with EV-developer startup Roam to boost the adoption of electric motorbikes in the country. We are thrilled to partner with Mogo to [...]Bamburi Cement's Profits to Drop by at Least 25%
Bamburi Cement expects its 2023 net earnings to drop by at least 25 per cent, the listed company said in a profit warning. The Hima Cement transaction, valued at $120 [...]EABL Embroiled in Legal Battle with KO Maker, African Originals
Makers of popular range of ciders, gins and iced teas, African Originals has accused East African Breweries Limited (EABL) of waging smear campaigns, which have led to a tougher working [...]Nissan and Honda Sign Partnership Deal to Collaborate on EVs
Nissan and Honda have signed a Memorandum of Understanding to share resources and technological insights as both companies intend to upscale the manufacturing of electric vehicles (EVs). The two auto [...]Carbacid Investments Plc Records HY Net Profit of KSh 485.2M
Carbacid Investments Plc made a net profit of KSh 485.2 Million for the six months ended 31st January 2024, , an increase of 18% from KSh 411.7 Million reported over [...]
Kenya Woos Egyptian Investors with EU, US Trade Deals
Kenya is banking on its trade deal with the European Union and its central location in East Africa to woo Egyptian investors to the country, government officials said during the [...]Bureau Veritas Takes Over Yana Oil Lab in Nairobi
Bureau Veritas has taken over the operation and management of Yana Oil Limited lubricating oil blending plant in Nairobi, effective from March 1, 2024. Yana Oil, established in 2020, manufactures [...]
Bamburi Cement Exits Ugandan Subsidiary after Selling 70% Stake
Bamburi Cement PLC has sold 1.3 million ordinary shares of its Ugandan unit to Sarrai Group Limited and Rwimi Holdings amidst shrinking demand in the cement market. The board of [...]Unga Group Posts KShs 341.6mn Net Loss
Unga Group Plc, the only listed miller at the Nairobi Securities Exchange(NSE) sunk deeper into loss territory, with a net loss of KSh 341.6 Million for the half year ended [...]Phoenix Beverages Acquires Minority Stake in African Originals
Mauritius-based Phoenix Beverages Ltd (PBL), a subsidiary of IBL Ltd, can acquire minority control in African Originals, after the Competition Authority of Kenya (CAK) approved the deal. the transaction is [...]
