Tea firms Williamson, Kapchorua earnings hit by high costs Williamson Tea sunk into losses for the full year ended March 2025, while its affiliate Kapchorua Tea recorded a profit decline.
PRIME Firms fight for brand name in fireworks market control race Nairobi Pyrotechnics Ltd and Nairobi Sports House Ltd have been locked in a legal battle over the brand name.
PRIME Insurers face hefty protest claim losses Several retail outlets including Naivas Supermarkets in Nyeri and Naivasha were looted as protests turned violent with more than 10 people killed and over 400 hospitalised.
PRIME Nairobi Hospital fails to stop recognition talks with union The Nairobi Hospital moved to court seeking to suspend a ruling of the Employment and Labour Relations Court last July, directing them to conclude the talks with the union, within 30 days.
PRIME Stanbic Bank to raise Sh13bn for startups in financing expansion bid The target companies are those recording fast revenue growth or those in emerging businesses anchored on new products and/or services with strong potential for growth.
PRIME Japan vehicle inspection company blacklisted again The firm is one of the two companies that have been debarred by PPRA this year.
PRIME Tanzania LPG dealer loses Sh148m legal fee claim Justice Roseline Aburili found that the application challenging the magistrate’s decision appeared to be a collateral attempt to escalate compensation far beyond the bounds of proportionality.
PRIME CIC to sell 512-acre Kajiado land to lift capital position CIC is also selling 200 acres in Kiambu worth Sh5.06 billion to repay a Sh3.4 billion loan from its top shareholder, Co-operative Bank.
PRIME Franchisee to pay Uchumi Sh26m for contract breach In the claim, Uchumi had further alleged that the franchisee sold goods below safety standards, with most lacking the Kenya Bureau of Standards (Kebs) mark of quality.
PRIME Sameer set to close the sale of Sh921 million land Sameer sits on huge holdings of land acquired decades ago and which have appreciated over time with the tyre distributor reluctant to sale
Equity gets shareholders’ nod to open office in UAE Equity Bank will be the first Kenyan lender with a representative office in the Middle East, marking a major milestone for the country’s financial industry.
Kenya Power seeks 2,555 transformers from local firms Kenya Power has attributed the slow growth in new customers to the shortage of kits such as transformers and meters.
PRIME KQ raises share of permanent staff to 83pc amid profit run KQ posted an all-time high net profit of Sh5.4 billion for 2024, marking a turnaround from a Sh22.6 billion loss in 2023, and booking its first full-year profit in 12 years.
PRIME Top owners lose Sh14bn in TransCentury, EA Cables The founders hardly sold their holdings except investment banker Jimnah Mbaru who had offloaded his 16.6 million shares by the end of 2015.
PRIME National Oil gets Sh3.3bn to clear KCB, firms’ debt KCB Group had five years ago given a 30-day notice to Noc for payment of the full amount, failure to which it would auction Noc’s assets to recover the debt.
PRIME What going into administration means for a firm Since 2015, a number of prominent Kenyan firms have been put under administration, mostly through actions initiated by creditors.
PRIME Court upholds Briton’s will as fight for his property rages The Briton, who died on August 8, 2012, wrote the will on March 24, 1997, and appointed lawyers Guy Spencer Elms and Sean Battye as executors and trustees of his estate.
PRIME Duplicative roles for State agencies at Mombasa port spark uproar Stakeholders have warned that the return of multiple state entities at the port is reversing efficiency gains by slowing cargo clearance and threatening to clog operations along the...
PRIME Why Kenyan contractor wants Lebanese firm Zakhem liquidated The Kenyan firm was subcontracted by Zakhem to do electrical, instrumentation, and telecommunication installation works as KPC sought to replace the old pipeline.
PRIME Relief for Tuju as court chops bank’s legal fee claim by 99pc In determining the bill of costs, the deputy registrar in the ruling dated September 29, 2023, had found that the value of the dispute was Sh3.3 billion.
PRIME NBK to pay Sh711m for illegal sale of customers’ land The court found that the NBK had sold properties in Malindi despite no money having been advanced to the affected clients.
PRIME Banks decry shortage of cybersecurity experts The 2017 CBK guidance on cybersecurity requires commercial banks to conduct and report IT audits annually to their respective boards, before filing the reports with the regulator.
PRIME KPC accounts frozen over Sh485m debt to construction firm KPC through lawyer James Kihara asked for the suspension of the decision pending appeal, but the judge directed him to file a formal application.
PRIME Plastics manufacturer gets reprieve in Sh299m excise duty demand Justice Benjamin Njoroge upheld a finding of the Tax Appeals Tribunal that the tax assessments conducted on the company, Ashut Plastics Limited, were unjustified and incorrect.
PRIME Herders sustain fight with Moi estate, US charity for wildlife park The pastoralists moved to court in 2009 suing the late President Moi for transferring the land measuring 17,105 acres to KWS at Sh400 million. KWS later transferred the ownership to AWF.
