Kenyan companies have been the most adventurous, with their cross-border advances returning a mixed bag of fortunes. Efforts to harmonise taxes, creation of one-stop border points, common investments in infrastructure projects and other initiatives have turned the EAC into a fertile expansion territory. The 150 million people strong EAC Common Market has opened a window […]
Companies such as Equity Holdings have extended their reach into other East African member states including Uganda. PHOTO | FILE The 150 million people strong EAC Common Market has opened a window for cross-border expansion, nurturing homegrown multinationals that now straddle the region. Kenyan companies have been the most adventurous, with their cross-border advances returning […]
The 150 million people strong EAC Common Market has opened a window for cross-border expansion, nurturing homegrown multinationals that now straddle the region. Kenyan companies have been the most adventurous, with their cross-border advances returning a mixed bag of fortunes. Some firms have recorded huge successes while others have rued the decision to venture outside […]
Standard Chartered Bank branch on Kenyatta Avenue, Nairobi. StanChart has halved dividend to Sh7.50. PHOTO | SALATON NJAU | NATION MEDIA GROUP Standard Chartered Bank (StanChart) Kenya has joined the list of firms cutting their dividend payout after it reduced its previous offer by 50 per cent, citing the need to maintain a strong capital […]
• This follows the unveiling of a digital portal that allows customers to use their airtime to purchase and access newspapers on the go. • The initiative is part of Safaricom’s goal of enabling more businesses harness the power of the internet to meet the needs of their customers. Safaricom has partnered with Radio Africa […]
From subsidised maize to falling fuel prices and now the Covid-19-driven tax reliefs, businesses stand accused of failing to pass tax reliefs to consumers. PHOTO | FILE From subsidised maize to falling fuel prices and now the Covid-19-driven tax reliefs, businesses stand accused of failing to pass down the benefits to consumers, only counting the […]
Kenya Power managing director Bernard Ngugi. He currently sits on the firm’s board. PHOTO | FILE | NATION MEDIA GROUP Five non-executive directors of Kenya Power, representing half of the board, on Monday resigned without the electricity distributor announcing their replacement. The Nairobi Securities Exchange-listed firm said Adil Khawaja, Kairo Thuo, Wilson Kimutai Mugung’ei, Brenda […]
Berth number 21 within the port of Mombasa April 29, 2020. Mr Gikonyo’s day job involved valuations and document processing for goods imported through the port. PHOTO | FILE | NATION MEDIA GROUP Importers usually hire clearing and forwarding firms to pay and obtain document clearance from the KRA. In netting Mr Gikonyo, Ethics and […]
An M-Pesa shop. Airtel has lost 3.74 million customers on its mobile money service or 91.9 per cent of the telco’s cash transfer subscribers in the year to March, cementing M-Pesa’s market share grip. PHOTO | FILE | NATION MEDIA GROUP Airtel has lost 3.74 million customers on its mobile money service or 91.9 per […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | FILE | NATION MEDIA GROUP Safaricom has appointed its head of investor relations, Ilanna Darcy, as its new Chief Finance Officer (CFO) in an interim capacity effective July 1, 2020. Ilanna replaces Sateesh Kamath, who was promoted to the Vodafone Business CFO. The CFO position at Safaricom […]
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