East African Breweries Limited (EABL) has paid Ksh.673.8 million as its first interest payout to its Ksh.11 billion medium-term note (MTN) holders. This will apply to bondholders of the KShs 11 billion medium-term corporate bond on record as of April 13, 2022, in accordance with the terms and conditions of the company’s prospectus for the bond issue Programme. EABL Group Managing Director and Chief Executive Officer (CEO) Jane Karuku says proceeds from the bond issues in October 2021 have been instrumental to the Group’s expansion plans. “The bond proceeds have been instrumental in supporting our capacity expansion strategy and contributing…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya’s consumer price index increased to 6.47 percent in April from 5.56 percent in March of 2022 driven by high food prices. The Kenya National Bureau of Statistics data also showed that a surge in fuel costs pushed the transport index by 6.88 percent while housing, water, electricity, gas, and other fuels rose by 5.47 percent between April 2021 and April 2022. The prices of commodities under the food and non-alcoholic beverages rose by 3.03 percent with the prices of potatoes rising by 10 percent, wheat flour and milk rising by 6.12 and 6.29 percent respectively. “During the same period,…
Life Yangu will provide information to Kenyans aged between 18 to 24 years. So far, 106 public clinics have been earmarked for the project’s first phase.
The two-year partnership will mobilise KSh 100 million in financing for the farmers through strategic partners to grow the funding to KSh 500 million Livestock farmers in Kenya’s arid and semi-arid lands (ASALs) will receive training and financing from KCB Foundation following a partnership with the United States Agency for International Development’s Kenya Investment Mechanism. The partnership will train and equip farmers from ASALs with climate-smart agricultural practices to mitigate the dire impacts of climate change. The two-year partnership will mobilise KSh 100 million in financing for the farmers through strategic partners to grow the funding to KShs. 500 million.…
The Ascott Group, a leading international serviced residence company with about 76,000 serviced residence units spread across Europe and Asia-Pacific, has opened its first in East Africa. The group has opened Somerset Westview Nairobi – in Kilimani to tap the growing population of expatriates located in the country. “We are delighted to open Somerset Westview Nairobi and tap into the vast growth potential for modern and stylish serviced apartment accommodation in the heart of Kenya’s vibrant capital,” commented Mr. Vincent Miccolis, Ascott’s Managing Director for the Middle East, Africa, Turkey and India. Ascott’s Somerset Westview Nairobi is located on Nyangumi…
Kenya has lifted its ban on the trade of scrap metal that was put in place in January. Betty Maina, cabinet secretary of the Ministry of Industrialization, Trade and Enterprise Development said that buying and selling of scrap metal will resume beginning May 1. “All persons dealing with scrap metal must apply for a license,” Maina said. “All recipients of scrap metal must maintain records of supplies and suppliers after verification of identity,” she added. The indefinite ban on scrap metal was imposed on January 20 to curb the increasing vandalism of key installations.Trading of scrap The CS noted that…