Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Tag: XUGA_EABL
Kenyan startup Wowzi raises $3.2m to help creators monetise their social media profiles
Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and seed funding rounds to help it scale its influencer marketing platform across the continent. Launched in 2020, Wowzi is an online marketplace that democratises influence, connecting everyday social media users with big brands, and enabling nano and micro creators to earn money […]
KFC: How to build local supply chains
The public furore that erupted after the giant American fast-food chain KFC disclosed that it does not source potatoes locally because of quality standards has highlighted a major deficiency in economic policy-making in this country. We don’t have policies to guide and commit international investors to put money into developing local supply chains. A recent […]
Edwin Dande: Stop Whining, KFC Is Not The Problem
Kentucky Fried Chicken (KFC) Branch in Nairobi. [Courtesy] Random thoughts on KFC: Punguza pang’ang’a… go buy potatoes from your village, cook fries at home and leave KFC alone. And even if you boycott KFC, where will you go? Kukitos, Java, Burger King? All are in the same WhatsApp group, they serve foreign commercial interests first. […]
KFC: How to build local supply chains
The public furore that erupted after the giant American fast-food chain KFC disclosed that it does not source potatoes locally because of quality standards has highlighted a major deficiency in economic policy-making in this country. We don’t have policies to guide and commit international investors to put money into developing local supply chains. A recent […]
Family Bank sets rate for second interest payment on floating bond
Family Bank will pay investors an interest rate of 12.5 percent on the tranche of its corporate bond which carries a variable coupon. The bank says investors holding the floating rate bonds will receive their second interest payment on June 24, 2022, when owners of its fixed rate notes will also be paid at the […]
Family Bank sets rate for second interest payment on floating bond
Family Bank will pay investors an interest rate of 12.5 percent on the tranche of its corporate bond which carries a variable coupon. The bank says investors holding the floating rate bonds will receive their second interest payment on June 24, 2022, when owners of its fixed rate notes will also be paid at the […]
Guinness Nigeria Plc reports a 58% increase in revenue for Q1 F22 results
Strong double-digit volume growth Revenue increased 58% Profit after tax increased by 580% Net financing costs decreased by 38% Distribution expenses increased 36% driven by higher volumes and inflation . Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted a revenue of N47.46 billion for its […]
Kenya: First Phase of KBL Logo Design Competition Ends, Winner to Receive Sh1 Million
Nairobi — The first round of the Kenya Breweries Limited (KBL) logo competition ended on Monday, with the winner set to be awarded Sh.1 million. The competition dubbed "Still Got Skillz?" is divided into two phases (entry and hackathon), and would see young creative artists between the ages of 21 and 25 have an opportunity […]
Bar owners accuse KRA of defying court on taxes
Bar owners claim the Kenya Revenue Authority (KRA) has defied the courts and enforced a 4.97 per cent jump in taxes on beer, bottled water, juices and cigarettes which had been stopped this month. The bar owners say the KRA system for filling tax returns still reflect higher excise duty charge on the commodities, creating […]