Stock investors are set to pay KES 100 per month as maintenance fees for their CDS accounts. This comes after the Central Depository and Settlement Corporation (CDSC) reported huge maintenance costs as most accounts remain idle. In 2021, the organization recorded earnings of over KES 300 million, but 60% of this was eaten up by … Read More “Stock Investors to Pay a CDS Account Maintenance Fee of KES 100 per Month” »
Twiga Foods, an agricultural business in Kenya, has invested KES 1.16 Billion in a new subsidiary that is intended to diversify its product offerings. The company acquired a 650-acre piece of land in Taita Taveta where it plans to set up a farm for tomatoes, watermelons, and onions. Twiga Foods is famed for its innovative … Read More “Twiga Foods Invests in a New Farming Business KES 1.16 Billion” »
With a growing number of middle class populations and rising income levels, Africa is becoming a suitable market for western corporations. Kenya is now home to one of the largest beauty products companies in the United States, Max International. The company is entering the Kenyan market to take advantage of growing demand for dietary products. … Read More “Max International, a U.S. Beauty Company, Enters the Kenyan Market” »
Virgin Atlantic has incorporated ethics in its marketing plan. The company has taken into consideration the various views about ethics globally in its marketing planning. This is on the basis of the assumption that ethical concerns of one country differ from those of the other. It is therefore ideal that virgin Atlantic considers all the … Read More “Ways in which Ethical Issues Influence Marketing Planning Within Virgin Atlantic” »
Okay, just so you know, KFC means Kentucky Fried Chicken. Well, not that it matters so much, but the company was founded by Colonel Harland Sanders from Kentucky at a time when hamburger was the real deal for the American Fast Food industry. So KFC was not really founded for French Fries, the chopped and … Read More “KFC Starts Plans to Source Potatoes from Local Farmers” »
America’s leading retailer Walmart is looking for new opportunities to grow. Cryptocurrency seems to be their next question mark. An article published online by CNBC reports that Walmart established several trademarks in December last year, a move that many believe to be the beginning of a big online business. As the Covid-19 pandemic caused a … Read More “Walmart Plans a Major Entry into the Cryptocurrency Business” »
Importance of Professional Email in Business Communication Communication is an important aspect of business management. organizational leaders need to develop professional messages to pass across to employees in an appropriate manner, while employees need to communicate professionally with managers. Unprofessional communication can cause misunderstanding and conflicts in the workplace, leading to poor work relationships. In … Read More “Sample of a Professional Email in Business Communication” »
Diamond Trust Bank (DTB) has posted a net profit of KES 2.9 billion for the half-year ended 30 June, 2021. This represents a 16% increase from last results. The increase in DTB’s profits has been attributed to an increase in operating income from investments and services. Customer deposits for the company increased from KES 280.4 … Read More “DTB records Ksh 2.9 billion Net Profit for half-year” »
Jubilee Holdings PLC, the owner of Jubilee Insurance, has released half-year financial results which show a positive outlook. The company has bounced to high profits after a year of economic downturn caused by Covid-19. Jubilee has recorded half-year profits of KES4.5 billion after tax. This shows a jump of 150% from the same period last … Read More “Jubilee Holdings PLC half-year profits more than doubles to KES4.5 billion” »
Here is another inspiring success story from one of our local farmers to give you hope in your agribusiness dreams. Many university graduates desire a well-paying white-collar job after graduating. Unfortunately, that dream remains elusive for many. Young Fabian Kibet, a media graduate from Katalel village in the heart of Elgeyo Marakwet County, realising that … Read More “A Farmer Makes Millions through Agribusiness in Elgeiyo Marakwet County” »
This is a story of how agribusiness has helped a man to join the millionaires club at just 26. Boniface Bundi earned his first million from the soil. The University of Nairobi graduate says he put his marketing degree papers aside, picked up a shovel, and started digging for money, metaphorically. He decided to pursue … Read More “How 26-year-old man made his first million from farming” »
A takeover bid was recently launched involving Carbacid Investments Limited and BOC, as the former is set to buy the latter. This will ultimately boost industrial development in the country, and local investors of the two firms will have a reason to smile. Carbacid’s chairman Amb. Denis Awori gave an update on the takeover on … Read More “Carbacid’s Proposed Acquisition of BOC Kenya will Improve Industrial Development in Kenya” »
