Author: Khusoko

Diageo Plc said it will spend £180m ($220m) in green energy and water recovery solutions to ensure its breweries are the most carbon and water-efficient possible. “We believe this is one of the biggest single investments in addressing climate change issues across multiple sub-Saharan markets. We have a responsibility as a local manufacturer and employer in Africa to grow our business sustainably–creating shared value-and this significant investment continues our work to provide sustainable solutions for our local supply chains,” Ivan Menezes, Diageo’s CEO said. The company said it will switch to renewable energy at three brewery sites in Kenya and…

East African Portland Cement has withdrawn notice that declared all its 800 staff redundant. The firm on Friday said it would issue another statement on the restructuring process.  ”We make reference an announcement on the notice on intended restructuring and staff rationalisation issued on August 7. We wish to bring to your attention that the said notice has been withdrawn,” the firm’s Acting managing director said in a notice Friday. “A fresh replacement notice on the intended company restructuring and staff rationalization shall be circulated in due course,” the letter said.

East African Breweries Limited (EABL) on Thursday rewarded winners for its Got Skillz talent competition. Elvis Otieno Atieno, a third-year Film and Animation student at Multimedia University in Nairobi, received Ksh. 1 million for the logo that he designed.  The logo will be refined into a final version, which will become the new logo for East Africa’s largest beverage company. Other winners include John Nyambura, the 1st runners up, Wiptem Creators team Patricia Nkirote and Teddy Sananga the 2nd runners up.  https://twitter.com/EABL_PLC/status/1159749461222051840 EABL’s Got Skillz competition was an East Africa-wide competition and submissions were sought from young creatives between the…

Huawei Technologies has unveiled Harmony OS, a smartphone operating system that would Google’s Android OS. “HarmonyOS 1.0 will be first adopted in its smart screen products, which are due to launch later this year. Over the next three years, HarmonyOS will be optimized and gradually adopted across a broader range of smart devices, including wearables, Huawei Vision, and head units for your car,” read part of press release. https://twitter.com/HuaweiMobile/status/1159729819791351808

Cash-strapped East African Portland Cement Company (EAPCC) NSE:PORT, has declared all its workers redundant in a restructuring plan expected to save the company from further losses. A letter ‘Notice on the Intended Company Restructuring and Staff Rationalization’, from Acting Managing Director, Stephen Kyalo Nthei, to employees, the performance of the company has been declining over the last six years. As a result, it is incurring an average daily loss of KSh8 million. Further, the company’s market share has reduced in the past three years, impacting negatively on sales and subsequent profitability. “This may be attributed to many reasons, key amongst…

KCB Group Ltd.’s bid to takeover National Bank of Kenya has suffered a major setback after Parliament said the offer was undervalued. According to the National Assembly’s Finance and National Planning Committee, National Bank should instead raise capital through a rights issue. “Considering submissions by stakeholders, the committee recommends that the principal shareholders (National Treasury and National Social Security Fund (NSSF), should not accept the offer by KCB on the acquisition of 100 percent shares of NBK,” states the committee chair, Joseph Limo. “The National Bank should pursue the Rights Issue in order to raise enough capital,” states the report…