Mumias Sugar Company receiver manager Ponangipalli Venkata Rao has restarted the leasing process of the sugar miller. He was given more time by the Senate Standing Committee on Agriculture in July 2 following the lapse of the two weeks period he was given to advertise for bidders for
Safaricom has announced an increase in Skiza revenue share for artists and content creators by 33 percent. More than 20,000 artists and content-creators are set to benefit from increased earnings of 40 percent from all their tunes on the platform. The telco’s Chief Executive Officer Petwe Ndegwa said 'we
Qatar Investment Authority (QIA) is investing a minority stake in its telco’s mobile-money unit, Airtel Mobile Commerce BV (AMC) at a tune of Ksh.21.7 billion (US$.200 million). The transaction values Airtel Africa’s mobile money business at Ksh.282,42 (US$.2.65 billion) on a cash and debt free basis. QIA will hold “a minority
Governors from the central Kenya Region Economic Bloc have agreed to eliminate trade tariffs for a range of products. The governors of Laikipia, Nyeri, Nakuru and Kiambu counties have waived fees on agricultural produce, mining and manufactured goods produced and sold in any of the three counties on
Safaricom shareholders approved the final dividend of Ksh.0.92 per share with the dividend payout amounting to Ksh.36.8 billion. The dividend will be payable on or before August 31, 2021, to the shareholders on the Register of Members as at the close of business on July 30. Safaricom
During the month of July, T-bill auctions remained oversubscribed, with the overall subscription rate coming in at 106.6 percent, down from 120.5 percent recorded in June. Investor demand shifted to the 91-day paper which had the highest subscription rate of 213.4 percent, up from 143.4 percent recorded the previous month. According
Bamburi Cement has changed its name from Bamburi Cement Limited to Bamburi Cement PLC, following registration of the new name in line with provisions of the Section 53 of the Companies Act 2015. The Act requires companies that are both a limited company and a public company to be
Safaricom shareholders gave a nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia PLC, the company which will begin operation in Ethiopia in January 2022. The stakeholders voted Friday last week by a majority to allow Safaricom to subscribe for shares in Vodafamily Ethiopia
East African Breweries Limited (EABL) recorded a 15 percent growth in revenue to Ksh.86 billion for the year ended June 2021. The company’s profit before tax went up two percent to Ksh.10.9 billion. The slower profit growth rate was driven by the impact of cost inflation, adverse
Kenya’s leading motor vehicle distributor, Toyota Kenya has partnered with Pride Drive, a corporate car hire company to provide safe transport to corporate employees, during this period of COVID-19 pandemic. The partnership was witnessed, Thursday, during the handing over of a total of 18 HINO Kenya buses by
