Nation Media Kenya shareholders on the Company’s Register of Members as of 17th June 2022 to receive a Dividend Payment of KES 1.5 per share on 29th July 2022 For the latest key economic events use our free ECONOMIC CALENDARDividend AmountKES 1.5Dividend TypeCash DividendEx-Dividend / Book Closure17th June 2022Payment Date29th July 2022
Tag: XUGA_NMG
Mdundo counts 31 million active users in Q1
Mdundo head of brand partnerships Rachel Karanu. Nigeria and South Africa registered the biggest quarterly growth with 8.3 million and 2.2 million users, which represents a 92% and 80% spike in each market respectively. Kenya’s user base grew by 46% to 5.7 million users, while the Tanzanian market grew by 10% to 3.9 million. Several […]
Kenya moves to reduce interest on foreign debt
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, […]
EABL to raise beer price if tax passed
Beer production line at the EABL plant in Ruaraka, Nairobi on October 9, 2019. PHOTO | JEFF ANGOTE | NMG East African Breweries Limited (EABL) says it will increase the prices of its alcoholic products including beers and spirits if the Treasury implements a proposal to raise excise taxes on the products. EABL managing director […]
Win for local suppliers as board stops Sh2 billion Kenya Power meter tender
A Kenya Power and Lighting Company employee inspects a meter box at the Kosovo area of Mathare slums. PHOTO | HEZRON NJOROGE | NMG Kenya Power has been stopped from proceeding with a Sh2 billion tender for the supply of electricity meters after local manufacturers protested a move to lock them out of the lucrative […]
Running Safaricom CCTV network to cost taxpayers Sh1bn yearly
Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer security in Nairobi and Mombasa cities. FILE PHOTO | NMG Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer security in Nairobi and Mombasa cities. Treasury budget documents show that […]
Safaricom loses bid to bar Canada telco from its network
Safaricom PLC headquarters in Westlands, Nairobi. PHOTO | DENNIS ONSONGO | NMG Safaricom has lost its bid to stop a Canadian-owned telecoms firm from offering internet-based calls through its network. This is after the Communications and Multimedia Appeals Tribunal struck out a case where Safaricom sought to terminate a contract it signed with Iristel Kenya […]
Airline fares halve after Easter celebrations boom
Planes at the Moi International Airport. PHOTO | JEFF ANGOTE | NMG The cost of air tickets for domestic routes has fallen by more than half after the Easter holiday ended, giving relief to travellers who had been stranded when charges more than doubled. A one-way ticket that was costing as high as Sh17,000 on […]
Kenya moves to reduce interest on foreign debt
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, […]
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 […]
