The relationships established through codeshares and airline partnerships have been vital to East Africa’s tourism development success over the last decade. Many airlines will continue to make strategic connections with other airlines operating in the region, including legacy carriers such as Kenya Airways and low-cost carriers such as Mango Air and Fastjet. According to GlobalData […]
Category: Nairobi Stock Exchange
US firm Seabury kicks off advisory on KQ revival
US-based advisory firm Seabury Consulting has kicked off its advisory brief on the financial restructuring and revival plan for Kenya Airways #ticker:KQ in a contract expected to take six months. The restructuring process aimed at keeping the troubled national airline afloat comes amid a planned government bailout. “They have started work but it’s an ongoing […]
Competition Authority says Mumias lease award unprocedural
Sarrai Group had secured the lease for assets of Mumias Sugar Company NAIROBI, Kenya, Feb 9 – The Competition Authority of Kenya (CAK), a government agency mandated to regulate mergers and acquisitions, has termed the leasing of Mumias Sugar Company as unprocedural. The regulator rendered the opinion filed in court in a case challenging the […]
Court dismisses one of tycoon Mwale’s Mumias lease case
The High Court on Thursday dealt a blow to tycoon Tumaz and Tumaz enterprises after one of the cases challenging the 20-year-old lease of Mumias Suga was dismissed with costs. The ruling also served as a reprive to the firm’s administrator and managers of Uganda’s Sarrai Group from a possible jail term for contempt of […]
Absa Bank Kenya Hosts Whiskey Tasting at Magical Kenya Open
Absa Bank Kenya on Thursday, 03 March hosted a Whisky Tasting event, in partnership with East African Breweries (EABL) for its premier customers at the Muthaiga Golf Club. The exclusive event was on the sidelines of the ongoing 2022 Magical Kenya Open taking place between 3rd – 6th March. The event was attended by Absa […]
EABL and Tusker kick off 100 years of existence celebrations
L-R John Musunga, KBL MD, Jane Karuku, EABL Group MD & CEO, Anne Joy Michira, Ag. Marketing and Innovations Director EABL and Eric Kiniti, Group Corporate Relations Director, EABL cheers to EABL’s and Tusker’s 100 years Nairobi, Kenya, March 4 – East African Breweries Plc (EABL) and its flagship brand Tusker have kicked off a […]
Explained: Airtel Kenya’s Legal Tussles With the Communication Authority
Airtel Kenya and the Communications Authority of Kenya have always had a tussle about money, especially regarding spectrum fees. The fight has been ongoing for some time now, and has for a long time seen the operator and the regulator go to court in an attempt to iron things out. Before we can look at […]
Kenya: KBL Unveils Its Next-Generation Logo As It Kicks Off Centenary Celebrations
Nairobi — Kenya Breweries Limited (KBL) has officially revealed its next-generation logo, as a part of the company’s centenary celebrations. The new logo symbolizes 100 years of building East Africa’s largest manufacturer, founded as a riverside operation in Ruaraka. Speaking during the launch, KBL Managing Director John Musunga, said: "One of the main things we […]
Sh322m tax bill threatens to end Keroche Breweries 25-year party
Keroche CEO Breweries Tabitha Karanja flanked with her staff addressed the press on March 4, 2022, after KRA closed down the Naivasha based company over a Sh332m tax row. [Antony Gitonga, Standard] It was founded on love and Sh500,000 as Keroche Breweries. That was in 1997, the year government lifted price ceilings on alcohol. While […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]