NMG Ex Dividend / Book Closure Date: 17th June 2022; Dividend Amount: 1.5 KES per share; Payment Date: 29th July 2022
Tag: XNAI_NMG
URA collections boosted by reopening of economy
With the half year revenue collection calendar already elapsed, the Uganda Revenue Authority (URA) is still behind in its domestic revenue collection targets of slightly more than $6.17 billion. FILE PHOTO | NATION MEDIA GROUP Uganda Revenue Authority (URA) has recovered from Covid-19 related shocks of about two years, posting a collection surplus in March. […]
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 […]
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 […]
Nigeria President Buhari leaves for 3-week Nairobi, London trip
Nigerian President Buhari waves from his plane as it prepares to depart Abuja on a previous trip. FILE | NATION MEDIA GROUP Nigerian President Muhammadu Buhari departed from Abuja on Tuesday for Kenya to participate in the United Nations Environment Assembly (UNEA) and to mark the United Nations Environment Programme (Unep) 50th anniversary. The UNEA, […]
President Uhuru Kenyatta appoints parastatal bosses in shakeup
President Uhuru Kenyatta has finally ended the long wait for the next boss at the governing organ of the Pharmacy and Poisons Board with his appointment of Dr James Mandere Rodgers Atebe as chairperson. Dr Atebe, whose tenure began on March 25, will be at the helm of the parastatal for the next three years […]
Paint firms lose bid to block new taxes on raw materials
Justice James Makau. PHOTO | FILE | NATION MEDIA GROUP The High Court has dismissed a petition by manufacturers to quash new taxes imposed by the government on raw materials used in the production of paints. Justice James Makau ruled that levying of tax cannot be said to be a breach of the right to […]
Egypt vows to look after stranded Russians, Ukrainians
Lufthansa airplanes in Hamburg, Germany. The airline has suspended flights to Ukraine. PHOTO | FILE | NATION MEDIA GROUP Tourists from countries where air travel has been disrupted would be able to "stay in the hotels where they are in Egypt until their safe return home," the tourism ministry said. The sector has been battered […]
Home Afrika Tops the NSE On Monday As Uchumi Leads The Losing Pack
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
John Kibunga: From Squatter to Billionaire NSE Investor
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
