Furniture manufacturer, PG Bison Kenya has expanded its manufacturing factory in Nairobi as part of the company’s plans to grow its investment in the Kenyan market. The move is also …
COMPANY
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BusinessEastern AfricaINVESTMENT
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BusinessEconomyMoroccoSanlam
Sanlam Maroc’s operations yielded 8.3% Annual increase in Turnover at the end of the first half of 2022
Sanlam Maroc, an insurance company that recently rebranded from its original name “Saham,” has indicated that it saw an 8.3% annual increase in turnover at the end of the first …
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India has grown to become Kenya Re’s second largest source of business contributing 32 percent of its gross premiums behind Kenya’s 38 percent in the year ended December, according to …
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BusinessEastern AfricaEconomySanlamUncategorized
Sanlam Kenya narrows half year net loss to Sh287m on lower taxes
Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …
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American Airlines has posted a $476 million profit for Q2 2022, its first profit without COVID aid. The profit compares with just $19 million during the same period, last year. …
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Inchcape Kenya has introduced the new Range Rover L460 into the Kenyan automotive market, adding to the significant array of luxury SUV’s the company offers under its Jaguar Land Rover …
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Safaricom has restructured $400 million worth of short-term credit facilities into medium-term loans in a process that saw part of the debt converted into local currency to ease pressure on …
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Brand ComparisonBusinessEconomyInformation & Technology
EABL Appoints Image Registrars Limited as Registrar
EABL wishes to notify its esteemed shareholders, the general investor community and the public of the appointment of image registrars Limited as EABL’s Share Registrar with effect from 1st July 2022 …
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The Nairobi Securities Exchange (NSE) PLC has hosted the inaugural NSE CFO Conference. The conference brought together finance leaders from leading companies in Kenya and the region to deliberate on …
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Food ProductionKenyaManufacturing & Consumer Goods
Blow as KRA Shuts Down Keroche Breweries in Fresh Tax Dispute
The Kenya Revenue Authority (KRA) has shut down Keroch Breweries again, on claims that the latter had defaulted in their earlier agreement on the settlement of tax arrears. The company …