Safaricom PLC headquarters in Westlands, Nairobi. PHOTO | DENNIS ONSONGO | NMG Safaricom has invited bids for firms to install anti-theft systems and smart electricity meters for Kenya Power’s consumers in a deal aimed at curbing power theft and leakages and fixing weaknesses on the utility firm’s transmission network. The telco has asked firms to […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
Central Bank of Kenya. FILE PHOTO | NMG The suspension of black listing of defaulters with Sh5 million loans and below for a year has given small businesses and individuals hurting from the effects the Covid-19 pandemic a major relief. But the directive is a double-edged sword given that it may end up denying the […]
The Rwanda Media Barometer (RMB) 2021 has indicated that the media development and professional capacity indicator scored 62.4 per cent, the least performance compared to other indicators it considered. This media development and professional capacity performance implies a 10 per cent drop compared to the previous RMB which was published in 2018 in which it […]
Air Tanzania will step up competition for the East Africa skies with a flight on Dar e Saalam-Nairobi route and will fly twice a day between Dar es Saalam and Nairobi. FILE PHOTO | NMG Air Tanzania will step up competition for the East Africa skies with a flight on Dar e Saalam-Nairobi route starting […]
Kenya Airways plane. Kenya Airline Pilots Association (Kalpa) official says directing pilots to cruise at a cost index of 300 on the route is illegal as it risks the lives of passengers and crew. PHOTO | FILE | NMG The Kenya Airline Pilots Association (Kalpa) Secretary-General Murithi Nyagah says that directing pilots to cruise at […]
By our reporter Nation media Group- NMG Uganda will tomorrow launch a new and refreshed website for its flagship title, the Daily Monitor newspaper as the first of the many steps in the company’s digital transformation journey. The website which will go live at midnight tonight will incorporate content types from across the group’s media […]
By our reporter Nation media Group- NMG Uganda will tomorrow launch a new and refreshed website for its flagship title, the Daily Monitor newspaper as the first of the many steps in the company’s digital transformation journey. The website which will go live at midnight tonight will incorporate content types from across the group’s media […]
Equity Group CEO James Mwangi. PHOTO | FILE | NMG Equity Group has recorded a 79 percent rise in net profit in the nine months to September this year, helped by growth in interest and non-interest income. The regional lender’s profit after tax in the review period stood at Ksh26.87 billion ($242.07 million) compared to […]
University of Nairobi in Nairobi, Kenya. The country has come under pressure from the World Bank to close and merge the cash-strapped public universities. PHOOT | FILE | NMG Kenya has come under pressure from the World Bank to close and merge the cash-strapped public universities and loss-making parastatals in what would see thousands of […]
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