The Central Bank of Kenya has paid Sh5 billion to the government as dividend, coming at a time when various state agencies are struggling to keep afloat. This is up from Sh4 billion moved to the Consolidated Fund in 2019, even as CBK reports a 16.6 per cent drop on deposits from government institutions in […]
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CBK pays Sh5bn dividend to Treasury as state agencies struggle
The Central Bank of Kenya has paid Sh5 billion to the government as dividend, coming at a time when various state agencies are struggling to keep afloat. This is up from Sh4 billion moved to the Consolidated Fund in 2019, even as CBK reports a 16.6 per cent drop on deposits from government institutions in […]
KBL plans to generate own power
PROFITABLE: East Africa Breweries is among the bluechip companies listed at the Nairobi Securities Exchange.Photo/File Kenya Breweries and East Africa Maltings want to generate electricity to backup supply by Kenya Power, joining manufacturers seeking independent energy sources. in a notice, the two subsidiaries of East Africa Breweries Limited said they intend to set up renewable […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
Benefits of investing in NSE’s unquoted securities platform
Investment brokers at the NSE. FILE PHOTO | NMG De-equitisation is the latest buzzword in financial markets. Its origin comes as a result of the global substantial fall off in the number of listed companies on exchanges and fewer entities going public. The bigger markets such as London (shrinkage of 707 companies over the past […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
Junk assets: The State firms that are more debt than alive
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]