The Energy Management Awards are convened annually by KAM to recognize industrial and commercial enterprises that have demonstrated excellence in energy efficiency and conservation.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Safaricom Telecommunication Ethiopia Plc on Thursday announced that it will start commercial services in Ethiopia in August 2022. The telco had planned to launch in April 2022. However, on Thursday, it outlined a phased launch of its network and services in August 2022 in Ethiopia’s city of Dire Dawa before expanding to 24 cities across the country in April 2023. https://twitter.com/SafaricomET/status/1544958748107612160?s=20&t=EMtQLqQVMuoHFWY2oIR11A “Safaricom Ethiopia is looking forward to switching on our network and services, starting with Dire Dawa from August 2022 and 24 other cities in phases across the country in the coming months,” Matthew Harrison-Harvey, chief external affairs and regulatory…
Flutterwave Inc., a Nigerian fintech company, said, “Claims of financial improprieties involving the company in Kenya are entirely false.” This was in response to its accounts being frozen by a Kenyan court with more than $40 million. Kenya’s Assets Recovery Agency sought and was granted a High Court order to freeze 29 bank accounts with Guaranty Trust Bank, 17 with Equity Bank, and six with Ecobank, all belonging to Kenyan-registered Flutterwave Payment Technology Ltd. “These orders shall subsist for 90 days as provided in section 84 of the Proceeds of Crime and Anti-Money Laundering Act,” Judge Esther Maina said in…
Centum Real Estate Limited, a subsidiary of Centum Investment Company, forecast weaker earnings for the fiscal year 2022. The company expects its unaudited financial results for the year ended March 31st, 2022, to be at least 25 per cent lower than reported in the comparative year in 2021. “The decline in performance is primarily due to lower revaluation gains on investment property in the year ended 2022 compared to those posted in the year ended 2021,” it said in an emailed statement. Accordingly, IFRS requires companies that hold investment property to conduct independent annual revaluations of their investment property and…
Limuru Tea Company Ltd, one of Kenya’s agricultural firms engaged in growing green leaf tea, has received a notice of intention from ekaterra Tea Kenya to acquire a 100 per cent stake in the company. Ekaterra Tea Kenya Plc owns a 52 per cent stake in the Nairobi-listed Limuru Tea Plc. Limuru Tea owns 282 acres of tea plantations in Limuru. According to Limuru Tea, ekaterra Kenya has proposed to make a cash offer to acquire up to 100 per cent of the ordinary shares in the capital of Limuru TeaPlc that are not already legally or beneficially owned by…
Day trading is the practice of purchasing and selling a security within a single day or trading session or multiple times over the course of the day.