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Safaricom to bar use of reserves for share buybacks in proposed changes

Nairobi, July 9 -- Safaricom plans to bar the use of retained earnings for share buybacks under proposed changes to its articles of association that will be tabled at its upcoming Annual General Meeti... Read More


What Morocco match reveals about leadership that boardrooms never will

Nairobi, July 9 -- I am not the loudest when it comes to football. Actually, I consider myself an orphaned silent CEO fan in football.I do not have a club tattooed on my heart. I do not wake up at 2am... Read More


Business closures surge by 55pc on liquidations, bankruptcy

Nairobi, July 9 -- At least 40 Kenyan companies sought voluntary liquidation or bankruptcy protection in the nine months to March, up from 24 a year earlier, exposing mounting financial distress despi... Read More


WB says infrastructure fund offers 'short-term relief' to Kenya fiscal woes

Nairobi, July 9 -- The World Bank Group deems gains arising from creation of Kenya's National Infrastructure Fund (NIF) short-term, stressing the need for deeper reforms to achieve a lower budget defi... Read More


Tycoon Mary Wambui loses bid to stop Sh9bn Equity hotel takeover

Nairobi, July 9 -- Businesswoman Mary Wambui Mungai has lost her bid to stop Equity Bank's takeover of her luxury Glee Hotel after the High Court declined to suspend the lender's appointed administrat... Read More


Banks enjoy record profits of Sh111bn in four months

Nairobi, July 9 -- The cumulative pre-tax profit for Kenya's commercial banks in the four months ended April rose 13.8 percent, riding on loan book growth, signalling another lucrative year for the ba... Read More


Why misinformation is a financial risk for Saccos

Nairobi, July 9 -- For decades, Savings and Credit Co-operative Organisations (Saccos) have invested in managing risk, liquidity and governance risks. Our regulatory frameworks have been developed aro... Read More


The Spanish wines worth drinking-and why

Nairobi, July 9 -- Thinking of exploring Spanish wine but not sure where to begin? You are not alone. Spain is one of the world's largest wine producers, with hundreds of grape varieties and dozens of... Read More


He quit a high-paying job to build a start-up linking students to foreign universities

Nairobi, July 9 -- Manish Sardana walked away from a lucrative corporate career at the height of the Covid-19 scourge, resigning from global advertising giant WPP after seven years in Kenya. He had r... Read More


Kenya can't afford another Telkom experiment

Nairobi, July 9 -- Word from a well-placed insider: the government is about to go shopping, again, for a strategic investor to run and refinance Telkom Kenya. It is the height of irony that a multibil... Read More