Cpt. Kibet

Chinese company Keda Manufacturing, the parent company of Twyford, has approved a Sh14.6 billion investment in a float glass plant in Kenya. The factory will produce 600 tonnes of glass daily, with construction expected to begin in December 2026.

Two Chinese companies have withdrawn from the race to develop Kenya’s Mrima Hill mineral deposits in Kwale County, leaving five bidders. The companies that withdrew: — Hunan Research Institute for Nonferrous Metals — Jinan Yuxiao Group The remaining bidders: — Meridian Mineral Holdings (US) — Frontier Minerals LLC (US) — Mrima Earth (US-linked) — RareX and Iluka Resources (Australia) — Gem of Dreams (Kenyan-British joint venture)

KRA now plans to use M-Pesa Till Numbers and Pochi La Biashara to track businesses that may be underreporting their income. For example, if a business receives Sh1 million through M-Pesa but declares only Sh300,000 in its tax returns, KRA could flag the discrepancy to establish whether some income has gone undeclared.

Devki Group launched a Sh70 billion cement and clinker plant in Kitui County yesterday. Here are a few things to note about the plant: – Expected annual clinker production: 3 million tonnes – Expected annual cement production: 1.2 million tonnes – Expected permanent jobs: 3,000 – Power generation capacity: 50 MW – Uses locally available limestone – Expected to serve regional markets, including Uganda, Rwanda and Tanzania