Kenya’s cost of living rose again in July, reversing June’s brief easing and keeping households squeezed by expensive fuel, pricier food and rising electricity bills. Annual inflation reached 6.5 per cent in July, up from 6.4 per cent in June, according to data released Friday by the Kenya National Bureau of Statistics (KNBS). The reading came in just below the 6.7 per cent forecast by the Central Bank of Kenya (CBK), but it marks the third straight month that inflation has sat above the midpoint of the bank’s target band of 2.5 to 7.5 per cent. On a month to…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Safaricom PLC shareholders approved a total dividend of KES 2.00 per share for the year ended 31 March 2026 at the company’s Annual General Meeting on Friday, bringing the payout to roughly KES 80.13 billion, the company’s largest to date. The final dividend of KES 1.15 per share, approved at the virtual meeting, adds to an interim dividend of KES 0.85 per share paid in March 2026. The final dividend will be paid on or about 4 September 2026 to shareholders on the Register of Members as at close of business on 4 August 2026. “This has been a defining…
Centum Investment Company Plc closed its financial year to 31 March 2026 with a debt-free holding company balance sheet and a dividend nearly two and a half times larger than last year. The Board has proposed a total payout of KES 521 million, made up of an ordinary dividend of KES 0.42 per share and a special dividend of KES 0.36 per share, for a combined KES 0.78 per share. That step up did not happen by accident. It marks the end of a six-year deleveraging programme the company started in 2020, and the Board says it can now shift…
Rwanda’s Ministry of ICT and Innovation (MINICT) announced on July 27 that 3G services will be switched off nationwide by June 30, 2027. 2G will follow, with the timeline subject to a readiness assessment. The Rwanda Utilities Regulatory Authority (RURA) is coordinating the transition with mobile network operators, government institutions and the private sector. The decision follows a Cabinet meeting chaired by President Paul Kagame on July 24, which received a briefing on the plan to modernize telecom infrastructure from 2G and 3G to 4G and 5G. The shutdown is part of Rwanda’s ICT Sector Strategic Plan 2024-2029. Government Data…
President William Ruto has called on Kenyans to confront an uncomfortable question: why has a country that stood shoulder to shoulder with South Korea in 1965 fallen so far behind it today. In a special national address from State House Nairobi on Wednesday evening, Ruto announced that Kenya will formally launch a National Conversation on Kenya’s Future Beyond Vision 2030 on August 12, describing it as the most consequential exercise in public participation since the 2010 Constitution. The Gap Ruto Wants Kenya To Reckon With Ruto opened with a comparison designed to sting. In 1965, he said, Kenya and South…
Six days into the Glasgow 2026 Commonwealth Games, Africa’s athletes have turned promise into podiums. Nigeria sits fifth on the overall medal table, South Africa’s swimmers sit second in their sport, Kenya and Uganda have traded blows in one of the races of the Games, and Rwanda has a first senior Commonwealth medal to celebrate. Nigeria Climbs to Fifth With a Medal Rush Team Nigeria arrived in Glasgow chasing 16 gold medals, and the squad has backed that ambition with results. By Wednesday, 29 July, Nigeria had banked 12 medals, six gold, four silver and two bronze, enough to sit…