PRIME BAT payout to tobacco farmers rises to Sh1.1bn Tobacco is among the country’s cash crops that earn Kenyan farmers billions of shillings each year.
PRIME Kenya police sacco lost Sh200m in Kuscco fraud Customers of the sacco took advantage of a system hitch to withdraw Sh140 million more than their withdrawal limits.
PRIME Two beauty products firms locked in ‘coconut’ trademark fight The dispute involves allegations of infringement of trading rights, confusion in the market and diversion of customers.
TotalEnergies profit halves to Sh1.4bn Gross profit was reduced to Sh8.9 billion from Sh12.8 billion even as the cost of sales dipped to Sh105.2 billion from Sh107.8 billion.
PRIME Sugar mills lease plans run into headwinds as worker protests widen The protests came as Kenya Union of Sugar Plantation and Allied Workers (Kuspaw) general secretary maintained that the new investors must honour CBAs between the factories and unions.
C&G records Sh526m profit on strong shilling, lower costs The company sees more stability in its regional operations even as it expects volatility from ongoing global shocks.
Crown Paints reinstates dividends after posting Sh544m profit Crown skipped its 2023 dividend after posting a loss, a reversal from 2022’s Sh824 million profit and Sh4 per share payout.
PRIME Ex-Thika MP fails to reverse auction of firm machine Guaranty Trust Bank sold a pasteurising machine owned by Jungle Cashews over an outstanding debt of Sh1 billion.
PRIME Stanbic Bank gets nod to auction ex-Jubilee Party headquarters Property owner, Florence Wairimu Mbugua, said the rental business had been adversely affected when tenants surrendered their leases.
Workers oppose Chemelil sugar factory lease plans The workers demanded the government settle all arrears the company owes them before effecting any lease agreement.
PRIME Employment court approves hiring of Linyiru as AFA boss The petition was brought by Jared Abuya in early 2024 arguing that Dr Linyiru was unfit to hold public office due to unresolved corruption charges dating back to 2015.
PRIME KCB to handle payments for regional electricity trades This is the latest deal for KCB which also won a role in issuing letters of credit in Kenya's oil import deal.
PRIME Betway files for liquidation amid a Sh5bn tax row with KRA Betway joins a long list of companies that have either exited or plan to leave the Kenyan market, citing frustrations from the taxman.
PRIME NSSF given ultimatum to disclose annual financial reports in 21 days NSSF has not published the annual reports for the last three financial years.
PRIME Relief for ex-rally ace in exclusive Vipingo Ridge fight Alistair Cavenagh has secured a reprieve in a shareholding fight involving control of a company that runs the exclusive Vipingo Ridge Golf Resort.
PRIME Djibouti firm eyes Sh500 million stake in Takaful Insurance CAK has allowed the transaction between Tamini Insurance S.A and underwriter Takaful Insurance.
Flame Tree records Sh201m net profit on special income Flame Tree disclosed a tax benefit of Sh74 million and “other operating income” of Sh293.5 million which was absent in the year before.
PRIME Absa CEO Abdi Mohamed gets Sh109m pay in 2024 His base salary increased from Sh35.9 million to Sh50.4 million while the cash bonus rose from Sh15.3 million to Sh19.8 million.
PRIME KDC assets down by Sh1.2bn on Development Bank stake KDC disclosed the valuation of its various holdings in private and state-owned corporations in a tender document calling for consultancy services for a new valuation.
PRIME Naivas heirs in fresh row over judges in father’s estate fight Naivas siblings have disagreed over the appointment of the Court of Appeal judges to handle the case.
WPP Scangroup posts Sh506m loss on lower sales, forex hit The company booked a foreign exchange loss of Sh248.7 million in the period under review.
PRIME Munga comeback with Sh166m Equity shares buy Munga’s volume of Equity shares had fallen from 15.42 million shares in 2018 to 9.57 million by the end of last year.
PRIME Telcos flag county taxes, illegal internet as threats Telcos are the latest industry to decry the steep and numerous levies that counties charge, unnecessarily increasing their operational costs which in turn affects their bottom line and retail...
Jubilee Life profit surges to Sh2bn on investment income The company recorded a strong performance in its investment portfolio, with net investment income surging by 87.26 percent to Sh17.06 billion from Sh9.11 billion.
Jubilee Insurance to merge Ugandan units in cost-cutting plan The company said the move is to improve operational efficiency in its Uganda unit and also boost the products and services the two subsidiaries provide for Ugandan customers.
