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
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
Barriers to region’s air travel growth
Kenya Airways plane. EABC called on the Heads of State Summit to intervene and make air travel in the region affordable by addressing the emerging non-tariff barriers. PHOTO | FILE | NMG Speakers pointed out that despite countries having national carriers, tickets from one capital to another in the region are punitively high, giving room […]
Equity Bank full-year profit hits record Sh40 billion
Equity Group chief executive officer James Mwangi. FILE PHOTO | NMG Equity Group net profit for the full-year to December 31 doubled to Sh40.07 billion driven by huge cuts in loan loss provision which the lender reduced from Sh26.6 billion in 2020 to Sh5.8 billion last year. Strong loan recovery allowed the bank to claw […]
MTN suffers 13pc profit dip as operating costs surge
An MTN stand at an expo. PHOTO | FILE | NMG Audited financial statements show the South Africa-based telco’s profit after tax declined by 13.17 percent to $1.12 billion from $1.29 billion in 2020. The value of mobile money transactions rose by 56.8 percent to $239.4 billion while the number of transactions increased by 41.1 […]
Centum taps insider as new head of Real Estate arm as ex-boss quits
Centum Real Estate Limited’s new managing director Kenneth Mbae. FILE PHOTO | NMG Centum Real Estate Limited has appointed Kenneth Mbae as its new managing director effective 17 March 2022. Mr Mbae, an insider at the investment company Centum, takes over the role from Samuel Kariuki, who "has resigned to pursue other interests" the firm […]
Firm takes on telco giants with cheaper internet calls
Elias Mwangi, CEO, Elige Communications Limited, at his Westlands office on March 11, 2022. PHOTO | DIANA NGILA | NMG Two long-time friends who had travelled out of the country had difficulty calling each other and their families back home due to exorbitant roaming charges. Out of their frustration came an alternative telephone service that […]
Absa lends Sh3bn to Kwal for factory construction
Kiambu County Governor James Nyoro (left) with KWAL managing director Lina Githuka (center) during the groundbreaking for the brewer’s factory at Tatu City on February 12, 2021. PHOTO | FRANCIS NDERITU | NMG Absa Bank Kenya is lending Sh3 billion to Kenya Wines Agencies Limited (Kwal) to fund the construction of its distillery plant at […]
Co-op Bank leads in funds set aside for absorbing defaults
Co-operative Bank branch along Haile Selassie Avenue, Nairobi. FILE PHOTO | NMG Co-op Bank reduced its loan loss provision by the smallest margin among the big banks in the year ended December, slowing down its profit growth and leaving it with higher buffers for absorbing defaults. Stockbroker AIB-AXYS says the lender has been the most […]
Kenya Power pays US firm Ormat Sh2.6 billion to allay default fears
A KPLC worker pulls wires as they did the power line transfer on Kisumu-Busia road. PHOTO | TOM OTIENO | NMG Kenya Power has cleared a Sh2.6 billion power purchase bill owed to US energy firm Ormat Technologies, allaying fears of a default that would have seen the American firm bill the Treasury. The money […]