The receiver manager appointed by the Kenya Commercial Bank (KCB) to turn around the financially struggling Mumias Sugar Company is on the spot after local growers accused him of doing little to revive sugar milling operations a year after he took over the firm. Farmers have accused Mr Ponangipalli Venkata Ramana Rao of promising to […]
Kakamega Governor and CoG chairman Wycliffe Oparanya during a meeting with officials from the Greater Busoga Sugar Cane Growers Cooperative Union in his boardroom on Friday, August 21, 2020 A Ugandan investor has shown interest in taking over the management of the troubled Mumias Sugar Company for revival. ​Officials from Greater Busoga Sugar Cane Growers […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
• The leaders said in a joint statement that they want a clear identification and listing of debts owed by all the sugar firms and the waiver clearly and legally outlined. • Wetangula accused some leaders from the region of moving around with unattainable development agend ANC leader Musalia Mudavadi and Ford Kenya leader Moses […]
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 per cent to Sh76.06 million compared to Sh81.62 million earned […]
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 […]
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