Mumias Sugar receiver manager Ponangipalli Venkata Ramana Rao. PHOTO | DIANA NGILA | NMG The High Court on Thursday cancelled a 20-year-lease awarded to Uganda-based Sarrai Group to manage Mumias Sugar Company , delaying plans to revive the ailing miller that was placed under administration. Justice Alfred Mabeya froze the Sarrai Group deal on grounds […]
Nation Media Group ( NMG ) has recorded a tenfold increase in net profit to Sh493.1 million in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. Total revenues rose 12 percent year on year to […]
Nation Media Group Chairman Wilfred Kiboro speaks during the release of 2021 financial year results in Nairobi. PHOTO | JEFF ANGOTE | NMG Nation Media Group (NMG) has resumed dividend payment following a 331 percent increase in net income to Ksh584.7 million ($5.3 million) in the year ended December 2021 on recovery of business post […]
A client using mobile money service M-Pesa. Ethiopia’s central bank has drafted a Bill that will allow foreign investors to offer mobile money services, boosting firms such as Safaricom that are seeking to start operations in the country this year. PHOTO | FILE | NMG A consortium led by Safaricom last year secured the first […]
CBK Governor Patrick Njoroge. PHOTO | SALATON NJAU | NMG The Central Bank of Kenya (CBK) has directed commercial banks to ration dollars following a shortage of the US currency and the race to protect reserves, hitting manufacturers and general goods importers. A number of currency traders and importers say banks have imposed a daily […]
Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December. FILE PHOTO | NMG Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December, helped by higher sales. The Nairobi Securities Exchange -listed […]
Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with USAID. FILE PHOTO | NMG Livestock farmers in Kenya’s arid and semi-arid lands (Asals) will receive training and financing from KCB Foundation following its partnership with the United States Agency for International Development’s Kenya […]
Nation Media Group ( NMG ) has recorded a tenfold increase in net profit to Sh493.1 million in the year ended December 2021 on recovery of business post Covid-19 pandemic. The region’s leading news organisation grew profits from 47.9 million on strong sales and advertising revenues. Total revenues rose 12 percent year on year to […]
Kenyan President Mwai Kibaki presents a certificate to Equity Bank Chief Executive Officer James Mwangi during the KRA Taxpayers awards ceremony in Nairobi on October 22, 2012. PHOTO | FILE | NMG Companies and private sector businesses described the Makerere University-trained economist as the ‘father’ of modern Kenya who laid the foundation for macroeconomic stability […]
Passengers board an airplane at Jomo Kenyatta International Airport (JKIA) during the launch of Jambojet’s direct flight to the Eastern DRC city of Goma on September 10, 2021. PHOTO | LUCY WANJIRU | NMG Local airlines are increasing frequency on the Kisumu route ahead of next month’s Africities summit. The ninth edition of the meeting […]
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