StanChart raises dividend payout as net profit hits Sh13.8bn

Nairobi, March 12 -- Standard Chartered Bank Kenya has raised its dividend payout by 31.8 percent to Sh29 per share after net profit for the financial year ended December 2023 rose 15 percent to Sh13.... Read More

KRA calls out employers for denying PWDs disability pay

Nairobi, March 12 -- The Kenya Revenue Authority (KRA) has called out some employers for illegally denying their workers with disability Sh36,700 monthly tax reliefs as provided in law. The taxman sa... Read More

Stanbic freezes plans for a fintech subsidiary months after green light

Nairobi, March 12 -- Stanbic Holdings has put on hold plans to set up a fintech subsidiary months after the Capital Markets Authority(CMA) granted it approval. The lender had not given details about ... Read More

Digital lenders seek CBK help to unlock 429 licences

Nairobi, March 11 -- Digital lenders are seeking Central Bank of Kenya (CBK) guidance on the documents required to unlock more than 400 applications awaiting clearance for award of licences. The Digi... Read More

Telkom billions trail fades on multi-country barriers

Nairobi, March 11 -- Kenya's probe into Sh6.09 billion transactions that saw the Treasury purchase Telkom Kenya shares from Jamhuri Holdings Limited (JHL) hit a dead end after investigators were denie... Read More

Uchumi Supermarkets goes silent on franchising plan

Nairobi, March 11 -- Cash-strapped Uchumi Supermarkets has gone silent on the franchising model that had been touted as the route to rescue it from collapse, complicating its recovery efforts. Mazars... Read More

Bamburi investors expect special dividend after Uganda deal closure

Nairobi, March 10 -- Bamburi Cement has sold its entire stake in Ugandan subsidiary Hima Cement for an estimated $84 million raising prospects of rewarding shareholders with a special dividend. The N... Read More

Uchumi silent on business revival plan

Nairobi, March 9 -- Cash-strapped Uchumi Supermarkets has gone silent on the franchising model that had been touted as the route to rescue it from collapse. Mazars Consulting Ltd, the firm supervisin... Read More

Bamburi investors eye special dividend as Uganda deal closes

Nairobi, March 8 -- Bamburi Cement has sold its entire stake in Ugandan subsidiary Hima Cement for an estimated $84 million (Sh12 billion), raising prospects of rewarding shareholders with a special d... Read More

KBA boss Habil Olaka on investments banks are making as branch activities decline

Nairobi, March 8 -- The banking sector is experiencing increased digital adoption that has cut customer preference for physical branches to about 16.5 percent. The Business Daily spoke to Kenya Banke... Read More

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