EABL loses Sh240m claim against former top manager Beer maker East African Breweries Limited has lost a Sh240 million claim against an ex-employee whom it accused of using a shell company to steal from the firm. High Court judge Joseph Sergon on Friday dismissed a…

NMG maintains dividend payout after Sh1.4bn profit The Nation Media Group has announced that it will maintain an interim dividend payout of Sh2.50 per share for the half-year to June, same as the amount paid in a similar period last year. NMG’s half-year profit before tax dropped to Sh1.43 billion…

Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…

Mumias Sugar closed for maintenance work Mumias Sugar Company has temporarily suspended operations for urgent maintenance work.Outgoing managing director Coutts Otolo Thursday said the month-long break will enable them fix equipment which had contributed to the company’s poor performance due to inconsistency in maintenance…[…] PwC  roots for SMEs role…

Chase Bank plans to boost capital base as profit hits Sh2.3bn Chase Bank is set to undertake another capital raising venture following rapid growth, straining the ratios set by the regulator. Its total capital as a ratio to its loan book stood at 15.3 per cent in December compared to…

Rift Valley Railways seeks Sh1.2 billion fuel levy refund Rift Valley Railways (RVR) has sued the government for wrongfully charging it the levy that is specific to road users despite its continued operation as a railway-specific company. The firm is seeking a refund of Sh1.3 billion for the Road Maintenance…

The CMC Soap Opera comes to a close with this dramatic season finale. Contracts were lost, chapters were closed and trading, is still suspended.