Bamburi half year profit hits Ksh.776 million

By Kepha Muiruri,

Manufacturer Bamburi Cement has posted a 7.6 per cent growth in its half year profit to Ksh.776 million on improved sales. The company’s turnover...

Bamburi Cement , Seddiq Hassani

Bamburi Cement Group posts 144% increase in pre-tax profits 

By Citizen Reporter,

Bamburi Cement Group has posted a 144% increase in pre-tax profits over the Ksh. 728 million realised in 2019. In a statement to newsrooms on Wedne...

Bamburi Cement

Foreign investors troop back to the NSE

By Kepha Muiruri,

Foreign investors have begun returning to Kenya’s local stock market halting portfolio exits seen largely in 2020. According to new market statis...

Foreign Investors , Nairobi Securities Exchange (NSE)

Bamburi signs up to implement women’s empowerment principles

By Citizen Reporter,

Bamburi Cement Group Managing Director Seddiq Hassani has signed the CEO statement of support for the Women’s Empowerment Principles (WEPs) to symbo...

Bamburi Cement , Equileap , Seddiq Hassani , Women’s Empowerment Principles

Isuzu MD Rita Kavashe named BAT Chair

By Kepha Muiruri,

Isuzu East Africa Managing Director Rita Kavashe has been named as the British American Tobacco (BAT) Kenya new board chairperson. Ms Kavashe who h...

BAT , Rita Kavashe

Bamburi Cement half year profit up 83pc on lower costs

By Kepha Muiruri,

Bamburi cement has posted an 83 per cent profit growth to Ksh.721 million through the first half of 2020. The near double earnings acceleration is ...

Bamburi Cement

13 Chinese nationals turned away while trying to enter Kenya from Tanzania

By Ian Omondi,

Thirteen Chinese nationals were among 16 foreigners who were on Tuesday turned away at the Lunga Lunga border point in Kwale County while trying to cr...

coronavirus , COVID-19 , foreigners , Kenya-Tanzania border , Kwale County

Coronavirus: Ksh.119.6B wiped out at NSE as markets tumble

By Kepha Muiruri,

Investors at the Nairobi Securities Exchange (NSE) lost Ksh.119.6 billion in value as the domestic markets tumbled on the back of Kenya’s first conf...

Absa , coronavirus , Equity , KCB , nairobi stock exchange , nse

UAP, Eaagads issue first profit warnings on expected 2019 earnings

By Kepha Muiruri,

Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...

Eaagads , nse , profit warnings , UAP

Royal Media Services among top 100 best companies to work for in Kenya

By Ian Omondi,

Royal Media Services (RMS) is one of the best companies to work for in Kenya, according to a new report released on Wednesday by Brighter Monday. T...

brighter monday , Royal Media Services , Safaricom

BAT risks expulsion from NSE derivatives market

By Kepha Muiruri,

British American Tobacco (BAT) Kenya risks expulsion from the recently launched derivatives market at the Nairobi Securities Exchange (NSE) over non-o...

BAT Kenya , CMA , derivatives , nse

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...