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Equity dividend jumps as profit hits Sh44 billion

Nairobi, March 28 -- Equity Group has increased dividend payout by 33 percent to Sh4 per share for the year ended December, joining other listed lenders in rising payments. The payout, amounting to S... Read More


Will you have adequate cash flow in your retirement?

Nairobi, March 28 -- Let me start by telling you of a Kenyan who is retired but is earning a solid sum every month from a bank. And no, it is not money from a pension scheme. It is also not one of tho... Read More


New law forces gamblers to save with every bet placed

Nairobi, March 28 -- The government will slash a chunk of the billions staked every year from punters and channel them into a compulsory Hustler Fund-style savings kitty promoted by President William ... Read More


KQ marks a decade in losses, eyes profit next year

Nairobi, March 28 -- Kenya Airways (KQ) has reported its tenth consecutive loss after it completed a decade in the red territory with a record Sh38.26 billion full-year loss, hurt by debt and skyrocke... Read More


Betting firms inflating sponsorships to avoid taxes

Nairobi, March 28 -- Betting firms have been flagged for inflating costs of sponsorships and community projects to reduce their tax burden, denying the country millions in corporate taxes. The Kenya ... Read More


Pilots strike cost Kenya Airways Sh1.3bn

Nairobi, March 28 -- Kenya Airways (KQ) says it took a Sh1.3 billion financial hit from last November's pilot strike that triggered the cancellation of scores of flights and left thousands of passenge... Read More


Former Epra chief Pavel Oimeke jailed 3 years for taking bribe

Nairobi, March 28 -- The former director-general of the Energy and Petroleum Regulatory Authority (Epra), Pavel Oimeke, has been sentenced to three years in jail or Sh1 million fine after he was found... Read More


Former Epra chief Pavel Oimeke jailed 3 years for taking a bribe

Nairobi, March 28 -- The former director-general of the Energy and Petroleum Regulatory Authority (Epra), Pavel Oimeke, has been sentenced to three years in jail or Sh1 million fine after he was found... Read More


Kenya Re records 14.6pc rise in net profit to Sh3.6 billion

Nairobi, March 28 -- Kenya Re has reported a 14.6 percent increase in net profit to Sh3.62 billion for the year ended December 2022, on the back of increased premiums and investment income. The compa... Read More


Higher power tariffs for middle class ill-timed

Nairobi, March 28 -- The upward revision of electricity tariffs targeting middle-class households and small commercial consumers is ill-advised and will add to the economic woes that millions of Kenya... Read More