Mumias starts search for new CEO in shake-up plan Mumias Sugar Company on Friday starts the search for a new CEO as well as other top positions as part of turnaround efforts that will see the board and management of the miller sent home. This comes soon after the government…

Lower costs drive Barclays Kenya to 10pc net profit growth Barclays Bank of Kenya recorded a 10 per cent net profit growth in the year ended December, helped by lower costs. The lender had made a net profit of Sh8.3 billion in the period compared to Sh7.6 billion the year…

Treasury to pay tax refunds in January Treasury secretary Henry Rotich said plans are under way to pay KES 10 billion of the estimated KES 30 billion backlog in January and to finish the rest within the first quarter of the year. The settlements will be made by issuing the claimants with tradable…

The Agriculture PS blames the shortage on shut-down and repair of some sugar companies such as Sony Sugar and Chemelil. But there's more, there's always more.

COUNTER WATCH Safaricom Limited – A glimpse at the top losers (above) will show you that the counter’s performance dipped. The stock closed at KES 5, down 20 cents from yesterday’s close. Shareholders rushed to the counter to dispose of the stock while it was selling at an…