Bamburi Cemet CEO Mr Seddiq Hassani. Diversification of products and services has helped Bamburi Cement to navigate through the effects of Covid-19 pandemic. Bamburi Cement Chief Executive Seddiq Hassani (pictured) said the change of strategy has enabled the 68-year-old company to navigated through the Covid-19 turbulence without laying off any of its 400 employees even […]
Britain’s Telegraph newspaper, quoting a source from the British High Commission in Nairobi, said that Kenya is likely to be added to the ‘red list’ by March 29. Kenya has been hesitant to restrict movement on the Tanzania border, fearing retaliation by Dar es Salam. Last August, Tanzania banned four Kenyan airlines from its market […]
Workers at the East African Portland Cement plant (PHOTO: FILE) The board at troubled cement manufacturer East African Portland Cement Company (EAPCC) has shown acting managing director Stephen Nthei the door. In a statement on Wednesday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The […]
Nakumatt supermarket chain could close down anytime following fears that almost 15 companies listed on the Nairobi Stock Exchange have plunged into loses. “The middle class in Kenya are getting trapped in poverty and, therefore, have no disposable income to support supermarkets, for example, which has led to the closure of many retail stores,” NSE […]
The board at troubled cement manufacturer East African Portland Cement Company ( EAPCC ) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to […]
The board at troubled cement manufacturer East African Portland Cement Company ( EAPCC ) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to […]
The board at troubled cement manufacturer East African Portland Cement Company ( EAPCC ) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to […]
Bamburi CEO Seddiq Hassani says the Mombasa-based plant will not be sold as was earlier planned after the would-be buyer failed to meet the conditions precedent to the agreement. [Wilberforce Okwiri, Standard] Bamburi Cement has shelved plans to sell its Mombasa-based precast products plant after a bid to offload it last year, fell through. The […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
Mohamud A. Mohamud Chief Executive Officer Kenya Deposit Insurance Corporation (KDIC) (PHOTO: WILBERFORCE OKWIRI) What kind of year will 2021 be? Last year broke the crystal ball, and Kenyan captains of industry have become more guarded in their predictions about the New Year. However, consensus remains that the pandemic will finally be tamed following the […]
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