Rivatex is operating below capacity despite massive funding
Inadequate raw materials and high cost of labour and electricity are some of the factors slowing down revival of the once vibrant textile firm.
Source: nation.africa
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Rivatex benefits EAC cotton farmers on Kenya shortage
The shortage of raw materials to run Rivatex has handed producers in the East African Community (EAC) a major windfall.
Source: businessdailyafrica.com
Former KFS top official loses wrongful dismissal case
Emilio Mugo was among the KFS senior managers who were sent on compulsory leave in 2018.
Source: nation.africa
Co-op Bank boss raises CIC stake by 6.1m shares
Co-op Bank chief executive Gideon Muriuki bought an additional 6.1 million shares in CIC Insurance Group in the year ended December.
Source: businessdailyafrica.com
CIC gets Sh425m interest relief on Co-op Bank loan
The insurer, which has secured the credit facility using a 200-acre parcel of land it owns in Kiambu County, said it will resume its triannual interest payments in October this year.
Source: businessdailyafrica.com