Author: Khusoko

The Nation Media Group has resumed dividend payments with a proposal to pay Ksh1.50 (0.013) per share.  This is after the group recorded a net profit of Ksh493.1 million in the year ended December 2021. https://twitter.com/NationMediaGrp/status/1516664962739015680?s=20&t=N5blpX8CYx9CYFrJlJVKEQ “2021 was a very challenging year. We were still experiencing the impact of Covid-19 but our focus was on recovery while still pursuing transformation agenda,” NMG chief executive Stephen Gitagama said. https://twitter.com/NationMediaGrp/status/1516657929658773507?s=20&t=N5blpX8CYx9CYFrJlJVKEQ The Group’s current share price is Ksh 22.00. NMG closed its last trading day (Tuesday, April 19, 2022) at Ksh 20.90 per share on the Nairobi Securities Exchange (NSE), recording a 2.8…

Gulf African Bank has appointed Mr Anuj Mediratta as its new Chief Executive officer, following the retirement of Abdalla Abdulkhalik who will now serve in a new role as an executive director. Mr. Anuj Mediratta, a banker with over 25 years of experience, served as the bank’s deputy CEO and head of banking prior to his appointment. He also previously served as Managing Director at Standard Chartered Bank, and the Head, Structured Trade and Commodity Agriculture at Barclays bank. Safaricom and Gulf African Bank last month announced a partnership to a Shariah-compliant mobile financing product dubbed Halal Pesa riding on M-Pesa. M-Pesa users…

The Communications Authority, through the Universal Services Fund (USF), has the mandate to enhance access to communications services in various parts of the country, especially in the un-served and underserved areas, which are mostly remote and hard to reach. At the same time, CA is responsible for managing the country’s numbering and frequency spectrum resources, administering the Universal Service Fund (USF) as well as safeguarding the interests of consumers of ICT services. Having successfully implemented the first phase, the Authority is now in the process of implementing the Phase II of the mobile connectivity project targeting 101 unserved and underserved…

Kenyans are increasingly adopting digital banking solutions driven by the desire for flexible and convenient banking services. The last two years have seen growth in the adoption of mobile and internet banking services as the government encouraged people to adopt cashless transactions as a means of reducing COVID-19 infections.  A survey by the Kenya Bankers Association released in February 2022 indicated that “six out of every 10 bank customers (58.4 percent) preferred Mobile Banking, with another two out of 10 (20.3 percent) recording their preference for Internet/ Online Banking.”  The increased adoption of out-of-branch transactions while offering convenience has also…

Piracy is a global menace that has robbed creatives of their rightful reward for their work. For entertainment content broadcasters, intellectual property owners, and media in Africa, piracy remains one of the biggest conduits for revenue leaks. Illegal streaming and cable piracy are the major contributors to piracy on the continent. Kenya is one of the world’s leading consumers of pirated content, mostly perpetrated through cable piracy and signal splitting, a menace that adversely affected satellite and cable TV providers in the country. Businesses are required to have packages that are tailor-made to curb both illegal cable and online piracy.…

Petrol, diesel, and kerosene prices on Thursday scaled new highs in Kenya as rates were hiked for the second time in a row. This is the second upwards review since September 2021. In the monthly review by the Energy Petroleum Regulatory Authority, the costs of petrol, diesel, and kerosene increased by KSh9.90. In Nairobi, a litre of petrol will retail at KSh144.62 a litre up from Sh134.72, diesel at KSh125.5 up from KSh115.6 while kerosene at KSh113.55 per litre. EPRA Director-General Daniel Kiptoo said the higher landed cost of petroleum products had resulted in the price hike. Kiptoo said the…