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World Bank on Monday approved Sh18 billion ($180 million) International Development Association (IDA) Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for all Kenyans. The project will build on Kenya’s gains that have diversified the energy mix and significantly improved electrification bringing much needed energy to...
KCB Group has announced a Sh9.2 billion total dividend payout to shareholders for the last financial year. Shareholders at the bank’s Annual General Meeting on Friday approved a final Sh2 dividend per ordinary share payout, as recommended by the board, despite the firm posting a flat growth in profit in 2017.
Merck Foundation in partnership with Manipal Academy of Higher Education (MAHE) launched Merck Embryology Training Program, a certificate course in Assistive Reproduction and Embryology through its ‘Merck More Than a Mother’ campaign Merck Foundation and Tata Memorial Centre(TMC) signed an MOU to build Cancer Care Capacity in Africa. Through its partnership with TMC, Merck Foundation aims to provide one & two-year...
East Africa Breweries Limited’s #ticker:EABL stock price is set to rise over the medium term on projections of higher revenue from growing beer volumes in the region, analysts at Renaissance Capital say. Rencap analyst Adedayo Ayeni said in the firm’s latest note on the brewer they expect net revenue in the period between 2018 and 2020 to grow by an...
Username Investment Limited CEO, Reuben Kimani has advised various county leaders to embrace land and housing policies which are specific to their unique problems. The CEO was speaking during The Hamptons-Nakuru Phase II open day, where investors were shown the location of their new property. “*While it is true that there are some land issues which have to be solved at the national level, the...
Dr. Ezekiel Mutua warned that the film produced by Awali Entertainment Limited and directed by Wanuri Kahiu should not be distributed, exhibited or broadcasted in any form or platform anywhere in Kenya. “Anyone within the republic of Kenya found in possession of the film will be in breach of the law that will attract severe penalties” warned Mutua.
26 year old Ramadhan Kongoyo to open M-PESA Agency with his winnings Nairobi, Kenya – 26th April 2018… Safaricom’s (NSE: SCOM) has today wrapped up the 11-week Shinda Mamili na Tunukiwa promotion, announcing eight KES 2 million grand winners. Ramadhan Kongoyo, a 26-year old security guard and father of two who could not join University due to lack of...
Kenya Red Cross Society has supported a total of 5,000 families with emergency shelter and household items The Kenya Red Cross Society is providing emergency relief to thousands of people impacted by rising flood waters that continue to wreak havoc in many parts of Kenya. Since torrential rains started last month, homes and farms have been destroyed, livestock has been...
Young Scientists Kenya (YSK) has partnered with The Ministry of Education, The Embassy of Ireland and BLAZE by Safaricom to hold the inaugural National Science and Technology Exhibition. The exhibition, which will be held at the Kenyatta International Convention Centre on 5th and 6th July 2018, targets high school students with the aim of encouraging greater uptake of technology and...
Safaricom (NSE: SCOM) has said its products are supporting the Big Four agenda by providing tools that power the ‘Ease of Doing Government Business.’ Government agencies and counties that embrace the digital revolution can now maximize efficiency in serving the citizenry and reap benefits such as sealing revenue leaks and improving record keeping and data analysis, said Joe Ogutu, Director,...
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