Safaricom Investment Co-operative Society Approves KSh 142.4M Rebate Payout
Safaricom Investment Co-operative shareholders have approved a KSh 142.4 million rebate payout during the 15th Annual General Meeting. The total revenue from land and housing for the society over the [...]
Longhorn Publishers Records KSh 193.3mn Half-Year Net Loss
Longhorn Publishers recorded KSh 525.9 million in revenue, up 3.7% year-on-year, but its net loss widened by KSh 74.3 million to KSh 193.3 million. “Various macroeconomic headwinds over the past [...]KRA Nets Kshs 14.5 bn in Tax Amnesty Programme
More than 227, 000 taxpayers have benefitted from waiver of penalties and interest by the Kenya Revenue Authority. Through the Finance Act 2023, KRA introduced tax amnesty programme that allows [...]
Nairobi, Kampala Move to Resolve Petroleum Imports Row
Kenya and Uganda have commenced dialogue to resolve issues affecting the flow of petroleum products between the two neighboring East African countries. “In my meeting with President Yoweri Kaguta Museveni, [...]Nyati DT Sacco Balance Sheet Grows 7.99% to KSh 4.94 Billion
Nyati Deposit-Taking Sacco, the highest dividend payer in the Sacco sub-sector, saw its assets grow 7.99% to KSh 4.94 billion at the end of the 2023 financial year from KSh [...]Radio Consumption High in South Nyanza, Internet Big in Nairobi and N. Eastern
The rate of radio consumption is higher in South Nyanza followed by Lake and the Rift regions, while North Eastern records the lowest listenership, the Communication Authority of Kenya says [...]Media Ad Spend Hits KSh 16 Billion, Television Takes Lion's Share
Television medium remains favourite platform for brands placement, as out of KSh16 billion industry advertisement budget between July-September 2023, KSh10.9 billion was channeled to television stations. The surge in TV [...]KUSCCO Pushes for Policy Reforms in the Co-op Sector
Kenya Union of Savings and Credit Co-operative Societies (KUSCCO), the giant lobby for the Cooperatives Sector in Kenya, is pushing for several policy reforms to ensure growth and stability in [...]Kenya's Financial Systems Grey Listed by International Crime Watchdog
Kenya’s system in dealing with money laundering, countering the financing of terrorism, and weapons of mass destruction has been put in question by an international crime watchdog. “At this Plenary, [...]Stanbic CEO: Eurobond Demand Reflects Investors’ Confidence in Kenya
Standard Bank Group acted as joint lead manager and bookrunner for the Republic of Kenya’s new $1.5 billion Eurobond and joint dealer manager for the concurrent tender offer of $1.4 [...]Asset Manager BlackRock Now Second Largest Shareholder in Lake Turkana Wind Project
The Danish Climate Investment Fund (IFU) has sold its 6.25% shares in the Lake Turkana Wind Power project ending its decade-long co-ownership status. BlackRock together with 22 investors dedicated $673 [...]Visa Appoints Chad Pollock New General Manager for East Africa
Visa has appointed Chad Pollock as Cluster Country Manager and Vice President for East Africa. Chad is a seasoned leader with a diverse background across the finance, technology, and energy [...]
