Consumers could pay more for bottled water, juice, motorcycles, beer and other items after the Kenya Revenue Authority (KRA) increased excise duty on the items to cover for inflation on collected taxes. KRA raised duty on excisable goods by 4.97 per cent in line with the average annual inflation for the financial year that ended […]
In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in Corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies listed on […]
President Uhuru Kenyatta in Edinburgh, Scotland, during a business meeting with the Scottish Africa Business Association on Wednesday. President Uhuru Kenyatta has urged Scottish investors to take advantage of the improving business environment in Kenya to invest more in the country and the African continent. At the same time, the President thanked the investors for […]
According to Orbit Securities Market Report, a total of 2,165,352 shares were traded during the five days trading session last week. “Local investors accounted for the majority of transactions on both the buying and selling sides. They accounted for 66.8 percent of all the buying activities in the market and 57.6 percent on the selling […]
An employee inspects bottles of beer on a conveyor belt at the production line inside the East African Breweries Limited factory in Ruaraka factory in Nairobi, Kenya April 6, 2018. REUTERS/Thomas Mukoya East African Breweries PLC (EABL) has announced that it received applications for Notes amounting to Ksh. 37.9 billion for its Ksh. 11 billion […]
Data by the Ministry of Industrialisation shows the number of registered companies in Kenya stands at over 310,000 Out of the figure, only 65 are listed at the Nairobi Securities Exchange (NSE) Safaricom tops the list of the richest companies in Kenya followed closely the East African Breweries Ltd Data by the Ministry of Industrialisation […]
East African Breweries Limited ( EABL ) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note […]
The Nairobi Securities Exchange (NSE) has commenced trading of the East African Breweries Plc Kshs. 11 billion bond issue listed on Monday. EABL targets to use funds from the Medium-Term Note to finance investments in expanding production, repay debts taken in the ordinary course of business refinance short-term borrowings and provide working capital. EABL Group […]
An employee inspects bottles of beer on a conveyor belt at the production line inside the East African Breweries Limited factory in Ruaraka factory in Nairobi, Kenya April 6, 2018. REUTERS/Thomas Mukoya East African Breweries PLC (EABL) has announced that it received applications for Notes amounting to Ksh. 37.9 billion for its Ksh. 11 billion […]
East African Breweries Limited (EABL)’s KSh 11 billion corporate bond has started trading at the Nairobi Securities Exchange The five-year, fixed-rate instrument is offered at an interest rate of 12.25% payable semi-annually The funds will be used to finance investments in expanding production and repay debts East African Breweries Plc’s KSh 11 billion Medium-Term Note […]
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