Unga Group’s net profit for the six months to December has dropped 20.6 per cent in the absence of the one-off gain they received in the previous period from the sale of a paper packaging subsidiary.

Housing Finance (HF) is set to launch two major housing projects along Thika Road this year, marking the latest real estate development that is seeking to attract more residents along the super highway constructed three years ago.

Mumias Sugar continued to run up losses booking a net loss of Sh1.58 billion in the six months to December up from Sh1.4 billion during a similar period in 2014 even as it sought a Sh2 billion government bailout.

Oil marketer KenolKobil has sold its subsidiaries in Tanzania and the Democratic Republic of Congo, marking an exit from the two countries.