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 […]
The Mumias Sugar Company. FILE PHOTO | NMG The management of troubled Mumias Sugar Company on Monday opted to switch to diesel generators to sustain operations after Kenya Power disconnected electricity supply over a Sh2 billion debt. Kenya Power disconnected the supply on Saturday as the miller was preparing to start ethanol production while finalising […]
Mumias Sugar company has yet again found itself into deep trouble after auctioneers issued a notice demanding for Sh13 million through a labour row awarded by the High Court in Kisumu. The money was awarded to Pamela Luttah after she sued Mumias for wrongful termination of her contract in 2015, where she worked as the […]
Nairobi Securities Exchange CEO Geoff rey Odundo observing daily trading at the bourse on August 22, 2017/ENOS TECHE Capital Markets Authority yesterday suspended Athi River Mining Cement from trading at the Nairobi Securities Exchange after the firm was placed under administration on Friday. A public notice said shares of the cement-maker will remain suspended from […]
Kenya’s Capital Markets Authority has put on a watchlist a number of listed companies that are facing liquidity and corporate governance issues, with the possibility of suspending and eventually delisting them from trading. The EastAfrican has learnt that at least eight firms listed on the Nairobi Securities Exchange are facing liquidity and corporate governance challenges […]
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