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Delays in closing Safaricom sale deal gifts State Sh16bn

Nairobi, May 10 -- Delays in the sale of the government's 15 percent stake in Safaricom to South Africa's Vodacom in the wake of a suit are on course to gift the Treasury Sh16.1 billion in dividends. ... Read More


Former Scangroup CEO seeks ouster of firm's board

Nairobi, May 10 -- WPP-Scangroup Plc minority shareholders, including former CEO Bharat Thakrar, are seeking the ouster of the entire board of the marketing and communications firm, citing a string of... Read More


Kenyans face costlier budget smartphones on AI chip boom

Nairobi, May 10 -- Kenyan consumers are likely to dig deeper into their pockets to buy locally assembled smartphones as a global scramble for artificial intelligence (AI) chips sends the price of crit... Read More


United States quiet World Cup problem

Nairobi, May 10 -- There is a special kind of cultural confusion that comes from visiting the United States (US) a month before the World Cup. Not the Super Bowl. Not the NBA Finals. I mean the actual... Read More


Muhoho Kenyatta: The hidden pillar behind Kenyatta family empire

Nairobi, May 10 -- It is rare to hear about Muhoho Kenyatta, the younger brother of former President Uhuru Kenyatta and the quiet pillar behind the commercial dynasty built by Kenya's founding preside... Read More


Muyas' Family Bank stake diluted to 34pc in rights issue

Nairobi, May 10 -- The family of Titus Muya's combined stake in Family Bank shrunk by 9.3 percentage points following its decision to sit out the bank's recent capital raising as it seeks to comply wi... Read More


TotalEnergies ventures into electric vehicles charging

Nairobi, May 10 -- TotalEnergies Marketing Kenya has installed 30 charging stations for electric vehicles (EVs) and motorbikes as the oil marketer diversifies from fossil fuels in a bid to tap into th... Read More


France uses summit to rebuild African influence after Francophone setback

Nairobi, May 10 -- France is seeking to reset its relationship with Africa through Kenya and the wider Anglophone African bloc, signalling a shift away from the military- and aid-driven approach that ... Read More


Kakuzi targets 202 acres of blueberries by 2029 in commercial expansion plan

Nairobi, May 10 -- Listed agricultural firm Kakuzi is planning a major commercial expansion of blueberry farming that will see acreage rise more than eightfold to 82 hectares by 2029 as the company de... Read More


M-Pesa Ziidi Trader brings 84,000 investors to bourse

Nairobi, May 10 -- About 84,000 small investors bought shares on the Nairobi bourse through the M-Pesa stock-trading platform, Ziidi Trader, between February and March this year, underlining the impac... Read More