ARM Cement suspended from trading

By Reuters,

The Nairobi Securities Exchange (NSE) said on Monday it had suspended trading of Kenya’s ARM Cement three days after it was put under administration...

Administration , ARM , Bamburi Cement , Capital Markets Authority , cement , Muniu Thoiti , nakumatt , PwC , stock market , trading

ARM Cement counts on shareholder loans for revival

By Reuters,

ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief ...

ARM cement , cement , Coal , Competition , Dangote , debt , Investors , Pradeep Paunrana , shareholders , strategic investor , Tanzania

Bamburi Cement ex-employee awarded Ksh.7.9M compensation

By Dzuya Walter,

A welder who allegedly lost his hearing ability while working at the Bamburi Cement factory has been awarded Ksh.7.9 million as compensation. Morow...

Bamburi Cement factory , Ex-employee awarded compensation , Morowa Fumwo

Auditor casts doubts ARM Cement’s viability after losses

By Reuters,

ARM Cement's independent auditor has cast doubt on the Kenyan company's survival as a going concern after losses mounted last year. The company, Ke...

ARM cement , audit , debt , financial loss , going concern , nse , poor financial run , Pradeep Paunrana , revenue , stock dumping , strategic investor

Bamburi profit dips 67pc to Sh1.9bn on lower sales

By Citizen,

Bamburi Cement has announced a 67 percent drop in profit on the back of lower cement sales in 2017. During the period, Bamburi’s profit dropped f...

Bamburi , Capital Expenditure , cement , elections , expansion , John Simba , uganda

ARM Cement opens search for a strategic investor

By Reuters,

ARM Cement is seeking a strategic investor to provide equity capital, the chief executive said on Friday, after its shares plunged following problems ...

ARM cement , ckinker , construction , Dangote Cement , debt , LafargeHolcim's Bamburi Cement , Pradeep Paunrana , strategic investor

Mutai targets to bring the Safari 7s groove back as KRU boss

By Charity Wanja,

Reviving the defunct annual Rugby Super Series 15s tournament and restoring the fading glamour of the Safari 7s are some of the key campaign pillars f...

election , Feature , Jerome Paarwater , Kenya Cup , kru , Richard Omwela , Rugby , Rugby world cup , Safari 7s , Sasha Mutai , Sevens Rugby World Cup

Mike Sonko in court over sale of Ksh 29M land

By Citizen Reporter,

Nairobi Senator Gidion Mbuvi alias Mike Sonko was on Wednesday in court over the apparent illegal sale of a piece of land in Bamburi, Mombasa worth Ks...

Gideon Mbuvi , Mike Sonko , Nairobi Senator

Rising sales lift Bamburi Cement 2015 pretax profit

By Agencies,

Kenya's Bamburi Cement posted a 46 percent rise in full-year pretax profit to 8.46 billion shillings ($83.51 million), helped by increased sales and i...

ODM condemns gov’t over attempts to regulate religious organisations

By Benjamin Wafula,

The Orange Democratic Party (ODM) has condemned the perceived attempts by the government to regulate religious organisations in the country. Speaki...

Githu Muigai , Margaret Wanjiru , Marka Kariuki , odm , Uhuru kenyatta

Schools to Compete in Tree Planting Exercise

By Citizen,

KenGen Foundation Managing Trustee Mike Njeru said that the competition will see schools that take care of tree seedlings rewarded with a 20,000 ...