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 […]
Tag: XNAI_MSC
Deacons East Africa’s 60-Year Story Has Been Truncated By A Familiar Retail Glitch
Pullouts, shutdowns and divestments are almost becoming the new norm for retail chains across Africa, most especially in the eastern part of the continent . The latest in the fold is Deacons East Africa, a fashion brand that has operated in East Africa for up to 60 years. Possible Liquidation The fashion and clothing retailer […]
Kenya: Mumias Sugar Quick Revival Hopes Dashed
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 […]
Ugandan investor eyes troubled Mumias Sugar Company
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 […]
Long wait for shareholders of companies suspended from bourse
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 […]
Long wait for shareholders of companies suspended from bourse
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 […]
Long wait for shareholders of companies suspended from bourse
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 […]
Mudavadi, Weta want receiver manager out of Mumias Sugar
• 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 […]
Nairobi Securities Exchange: Listing fees drop to 6-year low as firms exit
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 […]
Uhuru woos Western with goodies
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 […]