Kenya to allow private firms to import electricity for resale
Ethiopia and Uganda are the only countries with excess hydroelectricity that they are currently selling to Kenya.
Source: theeastafrican.co.ke
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Bamburi Cement's 2023 profits to drop by 25%
This attributed to the one-off settlement of outstanding tax liabilities in Uganda
Source: the-star.co.ke
List of Kenyan Businesses that Went Under Receivership in 2023
Many businesses operating in Kenya suffered economic down-turn in the year ending December 2023, attributing the turbulence to high taxation and costs of operation.
Source: tuko.co.ke
Sanlam, 12 Other Companies Issue Profit Warnings: "Earnings Will Be at Least 25% Lower"
Over 10 Kenyan companies have sounded the alarm by issuing grim profit warnings, sending shockwaves through the business world. Sanlam is the latest.
Source: tuko.co.ke
Looming unemployment crisis as firms strive to cut on budgets
Unga Group has been the first to announce redundancies in the coming weeks on account of reduced sales.
Source: the-star.co.ke