Stan-Chart shaves Ksh.2.6 billion from shareholder pay on COVID-19 fears

By Kepha Muiruri,

Standard Chartered bank has halved its final dividend to shareholders to Ksh.7.50 a share from an initially declared Ksh.15 per share pay-out. In a...

COVID-19 , dividend , Standard Chartered Bank Kenya

IMF backs dividend withdrawals by banks

By Kepha Muiruri,

The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...

dividends , International Monetary Fund (IMF)

Investment banks, CMA pledge Ksh.30million for Covid-19 fund

By Kepha Muiruri,

Capital markets players flanked by their regulator have donated Ksh.30 million to the Covid-19 emergency response fund. The Capital Markets Authori...

coronavirus , Covid-19 emergency fund

Kenyans earning below Ksh.24K to get tax relief after MPs give the nod

By Kepha Muiruri,

The National Assembly adopted the 2020, Tax Laws (Ammendment) Bill on Wednesday to end in relief to Kenyans as per Presidential directives issued last...

Covid-19 pandemic , PAYE , Tax Laws (Amendments) Bill

Britam posts Ksh.3.5B profit from higher investments gains

By Kepha Muiruri,

Britam Holdings returned to profitability posting Ksh.3.5 billion in earnings for the period ending December 31 2019 from higher investments gain. ...

Britam Holdings PLC

KenGen half year earnings double to Ksh.8.2B, growth flat in full year

By Kepha Muiruri,

Electricity generating firm KenGen has announced the doubling of earnings in six months to December 31 to Ksh.8.2 billion in Friday’s dual disclosur...

kengen , miano

Sanlam sells off Ksh.450 million property

By Kepha Muiruri,

Insurer Sanlam sold off a property worth Ksh.450 million in  December 2019 as it sought to cut its exposure to the struggling real estate industry. ...

Sanlam Insurance

Sofapaka’s Baraza expecting more after silencing Gor

By Chege Amaria,

Sofapaka head coach John Baraza has said Saturday’s 3-1 victory over 18-time Kenyan Premier League (KPL) champions Gor Mahia will go a long way in...

GOR MAHIA , John Baraza , KPL , sofapaka

Muyoti insists Homeboyz are in title race, slams Wazito tactics

By Robbie Chome,

Nicholas Muyoti has maintained Kakamega Homeboyz have proven they will 'never give up' as they battle to overhaul a four point deficit between them an...

Kakamega Homeboyz , KPL title , Nicholas Muyoti , Wazito

Development projects face budget cuts in new austerity measures

By Kepha Muiruri,

The government has sacrificed allocations to development projects in the face of counter productive growth in recurrent expenditure and disappointing ...

development expenditure , Kenya's public debt , National Treasury

Treasury admits to intangible economic growth returns to Kenyans

By Kepha Muiruri,

The National Treasury has admitted to lack-lustre economic growth by conceding to Kenyans' feelings of intangible growth in recent years. According...

CS Ukur Yatani , GDP , National Treasury

Uhuru goes after KTDA directors to save tea farmers

By Kepha Muiruri,

President Uhuru Kenyatta has ordered the Agriculture Ministry and the Competition Authority of Kenya (CAK) to strip off roles of Kenya Tea Development...

2019 , Kenya Tea Development Agency (KTDA) , Tea Regulations , teas sector in Kenya

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Busia crowned KYISA men basketball champions

By Joseph Saasia,

High-riding Busia are the new Kenya Youths Inter-Counties Sports Association (KYISA) Games men basketball champions. Busia achieved the feat on Fri...

Busia , KYISA Games , men basketball champions

BWIRE: Why TVETs should be prioritised

By Citizen Reporter,

By Victor Bwire Kenya will continue failing to attract investors for the big four agenda and earning direct foreign investments even as it improves...

TVET

AK begins countrywide tour of youth camps

By Gilbert Kiprotich,

Athletics Kenya (AK) has commenced a countrywide tour on the 14 training camps set aside for junior athletes in preparations for next year’s World U...

Athletics Kenya (AK) , nyeri , World Under-20 Championships , youth camps

Local firms chasing Kenya’s ultra-rich diaspora community

By Kepha Muiruri,

Local firms have doubled down on their efforts to attract Kenya’s ultra-rich diaspora community as they increasingly view the segment as a source of...

CBK , Kenya Diaspora Allliance (KDA) , remittances

Staff layoff costs Stanbic Bank Ksh.773 million

By Kepha Muiruri,

Stanbic Bank has incurred lay-off costs grossing to Ksh.773.2 million having sent home 88 staff members from its voluntary early retirement (VER) prog...

Medo shown the door as Wazito struggles hang on

By Jacob Icia,

Kenyan Premier League (KPL) side Wazito FC have sacked head coach Melis Medo, after just four games in charge at the club. Medo was unveiled as the...

Frank Ouna , Fred Ambani , KPL , Melis Medo , Wazito FC

ICPD25 ends with resolve to end harmful practices on girls, women

By DPPS,

The International Conference on Population and Development (ICPD25) came to a close on Thursday with a strong resolve to eradicate vices that have slo...

FGM , ICPD25 , UNFPA