Longhorn Publishers CEO Maxwell Wahome. PHOTO | DIANA NGILA | NMG Longhorn Publishers #ticker:LKL has issued a profit warning for the year ending this month, preparing investors for a fall in earnings for the first time in five years on account of disrupted learning caused by Covid-19. The firm says the pandemic and the related […]
Senator Keg barrels at the KBL plant in Kisumu. PHOTO | ONDARI OGEGA Kenya Breweries Limited (KBL) will increase the price of its bottom-end beer, Senator Keg, by Sh10 for the 300ml mug in response to the Treasury plan to increase tax on sorghum-based alcoholic drinks. This comes as the brewer reels from the impact […]
Business Treasury CS Ukur Yatani proposes to review this remission downward to 60 per cent A proposal by the National Treasury to increase duty on keg beer could push up retail prices for the alcoholic drink. Treasury is seeking to amend regulations that offer huge tax breaks to brewers using sorghum, millet and cassava in […]
A visit to Kenpoly, which sales plastics, reveals some degree of normalcy. A drive through Ruaraka, where East African Breweries is located, shows things are not rosy. On a good day, their academy would have several students learning, researching, designing, making or testing their innovations before deployment to the market. Rakesh Rao, the chief executive […]
Business The latest Brand Africa ranking also shows Kenya’s Equity Bank, KCB, Tusker and M-Pesa featuring in top spots Olympic Champion Eliud Kipchoge’s official sports partner Nike is the most admired brand in Africa. Other global brands Adidas, Samsung, Coca Cola, Techno, Apple, MTN, Puma, Gucci and Airtel dominated in that order in a list […]
Centum CEO James Mworia addresses investors during the company’s release of its FY 2020 half year results on November 28, 2019 PHOTO | COURTESY The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring its debt on Monday. The investment firm successfully […]
An employee of the East African Breweries Limited checks on beer quality before labelling April 17, 2019 at the company’s plant in Ruaraka, Nairobi. PHOTO | SIMON MAINA | AFP As coronavirus pandemic continues to disrupt economic activities in the country, some companies have issued cautionary statement on their profits margins. East African Breweries Limited […]
Business The latest Brand Africa ranking also shows Kenya’s Equity Bank, KCB, Tusker and M-Pesa featuring in top spots Olympic Champion Eliud Kipchoge’s official sports partner Nike is the most admired brand in Africa. Other global brands Adidas, Samsung, Coca Cola, Techno, Apple, MTN, Puma, Gucci and Airtel dominated in that order in a list […]
Business Treasury CS Ukur Yatani proposes to review this remission downward to 60 per cent A proposal by the National Treasury to increase duty on keg beer could push up retail prices for the alcoholic drink. Treasury is seeking to amend regulations that offer huge tax breaks to brewers using sorghum, millet and cassava in […]
KCB Group chief executive Joshua Oigara. FILE PHOTO | NMG KCB Group #ticker:KCB will this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes will now hand PwC audit control of Kenya’s top two banks — KCB […]
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