NEWS
BAT’s full year profit falls by 15pc as sin tax bites
British American Tobacco's net profits for the full year ended December 2016 has dipped by 15 per cent.
The firm's profits stood at Sh. 4.2...
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...
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