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…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
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.
Kenya has 8,500 individuals with a net worth of over $1 million (KSh117 million).
Branch International is the first mobile digital lender to acquire a majority stake (84.89 per cent) in a banking institution
Tea farmers will receive 371.1 billion shillings as bonus payments for the fiscal year ending June 2022. According to Kenya Tea Development Authority (KTDA), this is the highest second payment in the last four production years. https://twitter.com/KTDATea/status/1543466828315377665?s=20&t=pC5RHDpo8ZKN26i2gMeOxw Factories in the west of Rift Valley recorded the most significant improvement in payment with an average increase of more than 55.1 per cent, while those in the east recorded a 38.1 per cent growth. Sanganyi factory registered a 100 per cent increment, Kiamokama (84 per cent) and Kapsara (81 per cent). This year, Sanganyi will pay its farmers Sh48 per kilo of…
UBA Kenya plans to double its branch network in the country to 10 by the end of 2023. “Before the end of next year, we hope to increase by five more branches. Last year we took a strategic decision to reach out to cities outside Nairobi,” Chike Isiuwe, an executive at the bank’s parent firm UBA Group, said while addressing the Mombasa business community, as quoted by the Business Daily. The bank is a United Bank for Africa Plc subsidiary, a Nigerian pan-African financial services group headquartered in Lagos. Its head office in Kenya is located on the ground floor…