The government has started the process of leasing out five state-owned sugar millers whose operations have been crippled by debts and mismanagement. Those targeted for the long-term lease model are Chemilil, Miwani (in receivership), Muhoroni (in receivership), Nzoia and South Nyanza Sugar companies. The lease is expected to increase competitiveness and services in the sugar […]
President Uhuru Kenyatta when he met Western Kenya leaders to discuss development projects in the region at Harambee House on July 01, 2020. The leaders included Governors Wycliffe Oparanya (Kakamega), Sospeter Ojaamong (Busia), Wycliffe Wangamati (Bungoma), Wilbur Ottichilo (Vihiga) and Patrick Khaemba (Trans-Nzoia). Other Western Kenya leaders present were Devolution CS Eugene Wamalwa and COTU […]
National Treasury Cabinet Secretary Ukur Yatani and KCB Group Chairman Andrew Wambari Kairu during the dividend cheque handover to the National Treasury./COURTESY The government’s shareholding in listed firms has proved to be a mixed bag with the National Treasury winning some and losing others. On Wednesday, KCB Group Plc paid Sh2.12 billion in dividend earnings […]
Kakamega Governor Wycliffe Oparanya speaks to cane farmers in Mumias town on Friday The government has has waived Sh 11 billion in tax arrears the troubled Mumias Sugar Company owes the Kenya Revenue Authority (KRA), according to Kakamega governor Wycliffe Oparanya Oparanya who co-chaired the Kenya Sugar Taskforce with former agriculture Cabinet Secretary Mwangi Kiunjuri […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 […]
Extra neutral alcohol (ENA), also known as absolute alcohol, is a highly concentrated food grade alcohol, which can be produced from grain, sugarcane, corn, sugar beets, or other plant material. In Africa, it is majorly produced from sugarcane by fermentation of sugarcane juice and molasses with yeast, as it is the most economical process. It […]
Limited cane production has led to a rise in imports. FILE PHOTO | NMG Sugar imports in February grew by 88 per cent compared with the same period last year as the county shipped in more commodity to bridge local deficit following increased demand. The Sugar Directorate said imports stood at 51,423 tonnes compared with […]
Investors are looking for companies that will be accountable and transparent. FILE PHOTO | NMG Over the years, there has been intentional effort in enhancing corporate governance in companies, not just in Kenya but worldwide and especially where investors are involved. Corporate governance in Kenya has evolved as witnessed through recent regulations and judicial rulings […]
Financial Standard With the global markets spooked by the ongoing coronavirus crisis, there has never been a better time to grab your dream shares at a bargain. If you are looking to snap up a bargain at the stock market, you will be spoilt for choice. After the recent shaky preference of the country’s securities […]
A non-exhaustive list of recent measures aimed at curbing the spread of coronavirus (COVID-19) Africa: The African Development Bank Group (AfDB) is ready to provide fast, flexible and effective responses to lessen the severe economic and social impact of the COVID-19 on its regional member countries including the private sector. As the primary channel for […]
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