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
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.
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
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