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Airtel appoints new manager for Ugandan subsidiary

Telecommunications services provider Bharti Airtel Thursday announced the appointment of , as the Managing Director for its Ugandan entity. Soussa had previously worked in Chad in the same capacity and will now assume his new role from…

Crown Paints record 43 pc growth in profit

Paint manufacturer, Crown Paints has registered 43 percent growth in pretax profit to record Sh 216 million for the year ended 31st December 2015 despite the exchange loss of Sh 265 million. This is a significant improvement as compared to…

House prices tipped to rise on stable interest rates

House prices leapt 1.4 per cent in the first quarter of the year, compared to a 1.14 per cent rise in the last quarter of 2015 – demonstrating a reversal of the slight decline in the growth rate seen in the previous quarter. Although…

Flame Tree records a 17 pc jump in net profit

Flame Tree Group has reported strong performance for its first full financial year since listing on the Nairobi Securities Exchange (NSE). The groups annual net sales for the 2015 financial year increased 29 per cent to Sh2.28 billion,…

Resolution Insurance records a jump in premiums

Resolution Insurance has announced a 21 percent increase in its total income for the 12 months ended December 31, 2015. The company’s gross written premiums grew from Sh 2.5 billion to Sh 2.9 billion on the strength of a growing SME and…

Local sourcing key in raising standards, linkages

Local sourcing effective in raising local standards, creating linkages Cost-effective local sourcing is gaining momentum and remains more important than ever especially in our quest to attain Vision 2030. This is because if we raise…

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