CMA bars ailing companies from share buybacks

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…

Safaricom now invites bids for Kenya Power smart anti-theft system

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…

300 percent rise in park charges set to take effect from January

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…

Kenya intensifies surveillance over new Covid ‘super variant’ in South Africa

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 jabs cheapest in Kenya’s vaccination drive

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…