Kenya is reviewing the currency composition of its external debt in order to reduce currency volatility that has seen the cost of its dollar-denominated loans increase by two percent in four months. Haron Sirma, director-in-charge of Debt Management at the Treasury, said the proposal is aimed at reducing foreign exchange costs.“On the external debt stock, […]
Tag: nation media group
How I Lost a Ksh30 Million Deal – Jimmy Gathu
Photo collage of Spice FM Presenter Jimmy Gathu Spice FM radio presenter, Jimmy Gathu, has regretted losing a Ksh30 million deal which he attributed to a change in policies effected by the government. Speaking during an interview with Standard Digital , the veteran TV actor noted that he lost the deal years after retrenchment from […]
Kenya: Nation Media Group posts tenfold increase in full-year net profit
Nation Media Group ( NMG ) has recorded a tenfold increase in net profit to Sh493.1 million in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. Total revenues rose 12 percent year on year to […]
Nation resumes dividend payout as full-year net income grows by 331pc
Nation Media Group Chairman Wilfred Kiboro speaks during the release of 2021 financial year results in Nairobi. PHOTO | JEFF ANGOTE | NMG Nation Media Group (NMG) has resumed dividend payment following a 331 percent increase in net income to Ksh584.7 million ($5.3 million) in the year ended December 2021 on recovery of business post […]
Nation Media Group: Book Closure Date 2022
NMG Ex Dividend / Book Closure Date: 17th June 2022; Dividend Amount: 1.5 KES per share; Payment Date: 29th July 2022
Petroleum PS: Govt owes Sh13billion to Oil Marketing Companies
A man with jerrycans waits to buy fuel in Eldoret town on April 3, 2022 amid a biting shortage. Kenya is staring at a fuel crisis due to delays in subsidy payouts by the government. Jared Naytaya | Nation Media Group The current fuel shortage experienced in most parts of the country has been attributed […]
Kenya Pipeline ventures into internet business, launches fibre optic cable
Getty Images The Kenya Pipeline Company (KPC) on Thursday launched its fibre optic cable that will run from the Mombasa port through Nairobi to Kisumu and Eldoret in western Kenya. The state corporation is conventionally mandated to transport petroleum products from the Mombasa port to the hinterlands in Kenya, Uganda, Rwanda, Burundi, South Sudan, Eastern […]
Tanzania: Dar es Salaam Stock Exchange Ends First Quarter On Positive Note
THE DSE bourse has closed the first quarter of 2022 (Q122) on a positive note. The total turnover generated on the trading of stocks for the first quarter amounted to TZS 34.9Bln ($15.17Mln) which is a 48.9% jump from TZS 23.3Bln that was generated in the first quarter of 2021(Q121). Furthermore, the volume of socks […]
Dar bourse braves Ukraine war as investor wealth rises by Sh90 billion in one month
A man stands by the bill board of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) has remained stable during the past one month despite the ongoing war between Russia and Ukraine, which has resulted […]
Reprieve to Citizen TV Journalists in New Salary Directive
A section of Citizen TV anchors Royal Media Services (RMS) has resumed payment of full salaries to all its staff and correspondents. In a memo signed by the Group Managing Director, Wachira Waruru, the board approved the resumption of full salaries, nearly two years after the company implemented pay cuts following the effects of the […]
