Author: Lynet Awino

Safaricom will pay an interim dividend of KSh 0.58 per share, or KSh 23.42 billion, to shareholders due to lower earnings from six months to September 2022. The interim dividend will be payable by March 31 to shareholders on its register as at the close of business on March 15. Previously, Safaricom paid KSh 0.64 per share, equivalent to KSh 25.64 billion. Safaricom’s half-year Net Income to September was Ksh 33,472.2 million, compared to Ksh 37,172.2 million a year ago. Its net profit for the period came to KSh33.5 billion because of macroeconomic effects and a reduction in mobile termination rates.…

Kenya’s tourism earnings nearly doubled to $2.12 billion (Ksh 268.09 billion) in 2022, driven by a 70% rise in international visitors compared to Ksh 146.51 billion in 2021. International tourist arrivals in the year were 1483752, compared to 2021 arrivals of 870465, mainly from the United States and India. About 12% came from Uganda, and 10% came from the United Kingdom. ”Because of the nature of the relationship we have with the U.S., of course, and of course, the nature of the numbers, says Peninah Malonza, minister of tourism, wildlife and heritage, during the launch Kenya’s tourism sector performance report…

Meta has introduced new broadcast channels on Instagram, a one-to-many messaging tool allowing creators to engage directly with their followers at scale. Broadcast channels are a public one-to-many messaging tool where creators can invite all their followers in and share text, video and photo updates. Meta CEO Mark Zuckerberg announced the social networking platform with his “Meta Channel.” “Creators can also use voice notes to share their latest updates and behind-the-scenes moments, and even create polls to crowdsource fan feedback,” the company said in a blogpost. How it works Once a creator gets access to broadcast channels and sends the…

Ghanaian career banker Mrs Josephine Anan-Ankomah has assumed office as the Regional Executive Central, Eastern, and Southern Africa (CESA) and Managing Director Ecobank Kenya. She will lead and grow the bank’s business in Kenya and the wider CESA region, constituting 18 out of 33 Ecobank affiliates and one representative office. Josephine leaves her role as Ecobank Group Executive, Commercial Banking. She has served the bank for the past 30 years in various capacities. She replaces Mr Cheikh Travaly, who retired at the end of 2022 after attaining the mandatory retirement age of 60 years in accordance with Ecobank Group policy.…

Chicken pizza is the most popular pizza flavour, with over 15,960 deliveries, followed by Pepperoni and Margarita, according to 2022 consumption trends by Glovo in Kenya. Data shows that Kenyans are big fans of Chicken Pizza, and in 12 months, they have ordered more than 135,000 pizzas through Glovo. Glovo delivered 370 pizzas per day, or 15 pizzas per hour in the country. The golden minute consumption was on Huduma day, on 10th October, at 14:48h, where 36 pizzas were ordered at that particular minute. Tuesday was the day with the highest pizza consumption, accounting for 33% of the total…

South African construction and building materials retailer, Builders, is closing its business two and half years after it set foot in Kenya. In a statement dated February 1, 2023, Builders Warehouse attributed its planned exit from Kenya to persistent financial losses and poor performance. “As a result, the business has had to consider closing Builders Warehouse Karen Waterfront in Nairobi, Kenya. We have initiated the process required for potential closure,” the firm said in a notice dated Feb. 1, 2023. The company invested 500 million Kenyan shillings in its retail shop in 2020. Other South African companies that closed shop…