Sunday, December 22, 2024

NEWS

Portland Cement posts Sh. 248 million loss in 6 months

Troubled cement manufacturer Portland Cement ha reported a six-month loss of Sh. 248 million. In 2015, the company had posted a net loss of Sh528 million. Revenue...

Chris Kirubi buys back South African company in multi-billion deal

Kenyan billionaire Chris Kirubi has bought back a 50 per cent stake in South African Haco Industries. This buyout comes eight years after Mr. Kirubi sold...

Equity to roll out agency banking in Zanzibar

Less than a week after opening its first branch in Zanzibar, Equity Bank has announced that it will be opening its agency banking in...

KCB to fire hundreds of employees

Kenya Commercial Bank is set to fire over 500 employees. The bank will start by offering the employees the option of early retirement. Those who...

Cost cutting, Nakumatt, force Unga Group to shut down bakeries

A cost cutting operation and renovations being undertaken by Nakumatt Supermarkets have forced Unga Group to shut down a number of its bakeries. The manufacturer...

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