Serena Hotels Resumes Dividends After 5-Year Hiatus
TPS Eastern Africa PLC, which operates Serena Hotels, has reinstated its dividend payout after a five-year hiatus, declaring a KSh 0.35 per share dividend for FY2024, matching its last distribution [...]
Airtel Africa Drops WPP Scangroup’s Ogilvy After 15 Years
Listed advertiser, WPP Scangroup, has confirmed the end of the 15-year engagement between its flagship agency, Ogilvy Africa, and telecoms operator Airtel Africa, as the marketing group contends with wider [...]
Only 2% of Arriving Passengers Use Domestic Flights to Final Destinations-IATA
Only 2% of passengers arriving internationally in Kenya continued to their final destination on domestic flights, according to a new report by the International Air Transport Association (IATA). Africa is the largest international market for passenger flows [...]Kenyan Shilling's Strength Lifts Airtel’s Revenues in East Africa
Airtel Africa has posted strong operational momentum for the year ended March 2025 in its East African markets, where the appreciation of the Kenyan shilling helped minimize the impact of [...]Kenya's Microfinance Banks Cut Back on Innovation
Microfinance banks (MFBs) are leading in the overall reduction of dedicated innovation teams among banking institutions, a new survey by the Central Bank of Kenya (CBK) shows. MFBs have cut [...]Four Companies Entangle CS Joho in Battle Over Turkana Gold Fields
The High Court has declined to grant an order of prohibition in a case pitting Mayfox Mining Company Ltd against the Cabinet Secretary for Mining, Ali Hassan Joho, over the [...]Maize Production Dips, Pushing Flour Prices Up
The production of millet, potatoes and maize fell short of 2023 levels last year, creating the prospect of price increases before the harvest season expected this month in some parts [...]Sanlam Kenya’s Stock Falls 43% as Shareholders Face 77% Dilution
When Sanlam Kenya Plc announced plans for a KSh 2.5 billion rights issue on April 3, 2025, its stock price surged to a post-announcement high of KSh 10.35 — an [...]Safaricom's Balance Sheet Takes KSh 111Bn Hit as FX Losses Bite
Safaricom PLC has posted a net profit of KSh 69.8 billion and maintained a KSh 48.08B dividend, but its total equity fell by KSh 111.7B (–33.3%), from KSh 335.7B in [...]Dangote-Backed Travel Firm Acquires Kenya's Oldest Tour Company
Africa Travel Investments, a tourism investment firm backed by Africa’s richest man — Aliko Dangote — has acquired Kenya's oldest tour company Pollman’s Tours and Safaris. “With regard to the [...]Wage Growth Outpaces Inflation as Kenya's Labour Market Adds 782,000
Kenya’s labour market expanded in 2024 with the creation of 782,300 new jobs, mainly in the informal sector, according to provisional data from the Economic Survey 2025 by the Kenya [...]Government Rakes in KSh 154 Bn from Mining Licences
The issuance of mining licenses accounted for the largest share of income to the mining sector, contributing KSh 154 Billion ofKSh 223.6 billionthe sectorgeneratedin 2024. According to KNBS' Economic Survey [...]
