The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should…
It is now official that the Ethiopian conflict has taken a new shape and more instability and bloodletting will be eminent. The Prime Minister, Abiy Ahmed, a former Nobel laureate for peace has handed to his deputy and joined the army in battling insurgents as earlier promised. It is interesting…
Nairobi Securities Exchange (NSE)-listed lender Diamond Trust Bank (DTB) has announced a 5.7 per cent increase in profit after tax for the nine months to September helped by higher interest income. The financier has netted Sh4.05 billion net profit for the period up from Sh3.83 billion last year. DTB’s net…
The childhood dream of the Director of Criminal Investigations George Kinoti was to become a priest. And to achieve this, he refused to join the secondary school he was called to, after completing his primary education, and instead joined Pope Pius X Seminary High School in Meru, intending to become…
Safaricom has invited bids for firms to install anti-theft systems and smart electricity meters for Kenya Power’s consumers in a deal aimed at curbing power theft and leakages and fixing weaknesses on the utility firm’s transmission network. The telco has asked firms to tender for the provision of the high-tech…
Kenya Wildlife Service will in January revert to the 300 percent hiked park charges that had been suspended last year following a public uproar, as it moves to generate additional income to run national parks. Tourism and Wildlife Cabinet Secretary Najib Balala said the park charges that had been gazetted…
This year was a great investing period for several stocks in both local and international markets. If you missed impressive profits this year, do not worry, there will be more opportunities for you to benefit in 2022 and beyond. This was a buildup from last year, which was quite vibrant…
Travellers arriving from southern African countries will have to undergo Covid-19 tests as Kenya steps up surveillance at points of entry following reports of a new lethal coronavirus variant in South Africa. The head of the National Covid-19 Vaccines Taskforce at the Health ministry Willis Akhwale said Friday that mandatory…
AstraZeneca is the cheapest vaccine to inoculate at least 70 percent of Kenya’s population against the Covid-19 disease, with a bill of about Sh45 billion, an economic think tank has said. The Institute of Economy Affairs (IEA) said this is the least budget compared to Johnson & Johnson vaccine that…
Kenya is, like the rest of the world, seeking to “build back better” in uncertain Covid-19 times. Yet, as is our wont, the transitional 2022 presidential election (because the other positions still don’t matter as much despite a new constitution) is now top of mind across business and the economy.…