Stories By Bernard Wafula
Safaricom PLC shatters records with Sh26.04 billion dividend payout
Jul 26, 2024 at 01:35 PM
Telecommunications giant Safaricom PLC has announced a final dividend of Sh0.65 per share, amounting to Sh26.04 billion for the financial year ended 31 March 2024....
Gun drama as ex-Isiolo South MP, wife arrested over NHIF graft scandal
Jul 26, 2024 at 11:48 AM
In a dramatic turn of events, former Isiolo South Member of Parliament Hon. Abdi Tepo and his wife, Halima Gura Roka, were arrested on Thursday afternoon....
KRA imposes five-day deadline for employers on tax for employee perks
Jul 25, 2024 at 07:12 PM
The Kenya Revenue Authority (KRA) has introduced a swift turnaround for the remittance of withheld tax from welfare benefits, mandating that employers now submit these payments wit...
State Corporation CEOs face tough penalties for failing to remit profits
Jul 24, 2024 at 06:02 PM
A new era of fiscal accountability is dawning for Kenya’s State corporations as the government tightens its grip on public finances....
Nairobi Securities Exchange experiences divergent trends in Q2 2024
Jul 23, 2024 at 11:26 PM
The Nairobi Securities Exchange (NSE) presented a mixed performance during the second quarter of 2024, as detailed in the latest Capital Markets Authority (CMA) Quarterly Statistic...
Smallholder farmers to benefit from new Equity Group and WFP Partnership
Jul 23, 2024 at 05:17 PM
Smallholder farmers are set to benefit significantly from a newly inked partnership between Equity Group and the World Food Programme (WFP), which aims to provide financial literac...
Standard Chartered highlights major sustainability advances in 2023 report
Jul 22, 2024 at 10:01 PM
Standard Chartered has outlined significant strides in its sustainability journey, as detailed in its 2023 Sustainability Progress Report released on Monday....
Kenya faces transport paralysis in seven days as Sh7 fuel levy sparks wide outrage
Jul 19, 2024 at 08:57 PM
A potential transport crisis is looming large over the nation as transport service providers issue a seven-day ultimatum to the government over a newly imposed road maintenance lev...
CBK faces investor confidence challenge as bond sale underwhelms
Jul 18, 2024 at 11:53 PM
The Central Bank of Kenya (CBK) has encountered fresh challenges in its debt management strategy, underscored by a starkly underwhelming performance in this month’s bond auction....
Amsons Group faces Sh682m break-up fee should its Bamburi Cement bid flop
Jul 18, 2024 at 09:46 PM
Tanzanian conglomerate Amsons Group has outlined a Sh682.7 million ($5.31 million) break-up fee should its proposed acquisition of Nairobi Securities Exchange-listed cement manufac...
'Linda Biz': ABSA, Old Mutual partner to launch innovative insurance product for SMEs
Jul 17, 2024 at 11:49 PM
Absa Bank Kenya has teamed up with Old Mutual Kenya to launch Linda Biz, a comprehensive and affordable insurance product tailored to the unique needs of Small and Medium Enterpris...
What Stanbic Bank, IHRM partnership means for local HR professionals
Jul 17, 2024 at 12:03 PM
In a significant development for the Kenyan Human Resource (HR) profession, the Institute of Human Resource Management (IHRM) has entered into a strategic partnership with Stanbic ...
Motorists Association opposes controversial Sh7 fuel levy hike
Jul 16, 2024 at 02:12 PM
The Motorists Association of Kenya (MAK) has lodged a formal objection to the recent rise in the road maintenance and fuel levy, arguing that the process lacked transparency and le...
Patrick Obath bags key International Chamber of Commerce board post
Jul 15, 2024 at 11:47 PM
In a landmark achievement for Kenya and Africa, Patrick Obath has been appointed Vice Chair of the International Chamber of Commerce (ICC) Executive Board....
TZ’s Amsons Group sets historic record with bid to acquire Bamburi Cement
Jul 11, 2024 at 02:27 PM
Amsons Group, a renowned Tanzanian conglomerate, has made a landmark move in East African trade relations by issuing a binding offer to acquire up to 100 per cent of Bamburi Cement...
Business Networking International East Africa to host pivotal convention in Naivasha
Jul 11, 2024 at 01:29 PM
The scenic shores of Lake Naivasha in Kenya are set to become a hub of business collaboration and innovation as the Business Networking International (BNI) East African Convention ...
Aleph Holdings appoints Rachel Karanu as its East Africa Client Partner Lead
Jul 10, 2024 at 12:39 AM
Rachel Karanu has been appointed as the new Client Partner Lead for Aleph Holdings in the East Africa region....
How KRA missed its collection target by Sh267 billion despite widening tax base
Jul 09, 2024 at 10:42 AM
The Kenya Revenue Authority (KRA) has fallen short of its tax collection target for the fiscal year ending June 2024, missing the mark by Sh267 billion....
CAK fines SIKA International Sh17.5 million over unapproved merger
Jul 08, 2024 at 09:13 PM
Swiss construction chemicals giant Sika International has been slapped with a Sh17.5 million fine by the Competition Authority of Kenya (CAK) for failing to notify the authority ab...
Over 800,000 Kenyans face taxman's sting for missing returns filing deadline
Jul 05, 2024 at 07:59 PM
As the June 30th tax filing deadline passed, the Kenya Revenue Authority (KRA) reported that nearly a million taxpayers, totalling 953,971 individuals, failed to submit their retur...