Businesses appear to have acclimatised to the disruptions of Covid-19, despite the ravaging impact of the pandemic on economies across the globe. The level of the pandemic’s threat on businesses is significantly less compared to the previous year, according to a report by global financial services company Allianz. While Kenya and the rest of the […]
A worker at affordable housing units under construction at Pangani Redevelopment Site. FILE PHOTO | NMG The ongoing pandemic has been quite a gut punch for everyone, not only in the industry. After the World Health Organisation (WHO) declared the Covid-19 outbreak a pandemic almost two years ago, governments worldwide imposed unprecedented lockdown measures that […]
Bamburi Cement PLC (Holcim group) has signed a power purchase agreement (PPA) with Momnai Energy Ltd to set up two solar plants adjacent to the company’s Mombasa cement plant and Nairobi grinding plant in Kenya. The project, which aims to save on power costs as well as contribute to net zero carbon emissions by switching […]
NAIROBI, Kenya Feb 4-The East African Breweries Limited(EABL) Sh11 billion bond has scooped the local currency Corporate Bond Deal of the year award at the 2022 edition of the Bonds & Loans Africa Awards. According to the award organizers, the award follows a rigorous selection process and seeks to recognize the most innovative and ground-breaking […]
Bamburi Cement #ticker:BAMB will switch to solar power joining other heavy-consuming industrialists seeking reliable and cheaper electricity supply. The cement maker has signed a power purchase agreement (PPA) with an independent power producer, Momnai Energy Limited, to set up two solar plants at Bamburi’s factories in Mombasa and Nairobi. The solar power systems will have […]
Kenya Airways is set for a $176 million cash injection from the Kenyan government as the carrier struggles to stay afloat amid years of financial losses. The airline’s total debt amounted to $846 million at the end of 2020. The move comes after the Kenyan government abandoned plans to nationalize the flailing airline. Kenya Airways […]
Nairobi — Foreign investor outflows at the Nairobi Securities Exchange (NSE) have continued to increase as new Covid-19 variants saw foreigners exit the Kenyan market in 2021 due to uncertainties. According to the Capital Market soundness report Q4 2021, net foreign equity outflows grew to Sh28.6billion in 2021 compared to Sh10.23billion recorded in 2020, a […]
Car & General (C&G) #ticker:CGEN have fought off a Sh1.1 billion tax demand from the Kenya Revenue Authority (KRA) over the classification of their three-wheeler or tuk-tuk as transport vehicles. The tax appeals tribunal has ruled the company was right to pay import taxes on the three-wheelers imported from Piaggio Ape as motorcycles. The taxman […]
Do not depend on the advertisement of the investment product or on social media chatter and promises of huge returns. Choosing an investment product can be like grocery shopping. Lots of products with lots of fancy packaging. As an investor, you need to look beyond the packaging and read the composition of ingredients used to […]
Nairobi — The National Social Security Fund (NSSF) members can now access pension services through the NSSF Mini App on the M-Pesa Super App. Following a NEW partnership with Safaricom, customers can register for NSSF membership, keep track of their contributions, top-up and manage their NSSF account, and make Tenant Purchase Scheme (TPS) payments through […]
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