Dividends paid out to multinationals for their controlling stakes in Nairobi Securities Exchange-listed firms are set to drop by 21 percent this year as a few blue-chips reduced their payouts by significant amounts.
Multinational firms including Vodacom Group, Diageo Plc, WPP Plc and BAT Plc have received or are set to get a total of Sh38.4 billion based on the latest distribution announcements.
New €6.7M project aims to help rural East African communities adapt to climate change using state-of-the-art predictions of water scarcity and food insecurity.
An international team of researchers and organisations have been awarded over €6.7M from EU Horizon 2020 to help tackle food and water insecurity in the Horn of Africa Drylands (HAD).
In an online edition of the Nation Leadership Forum that focused on the impact of Covid-19 on Education, all the panelists urged Kenyans to embrace virtual learning not only in the face of this global pandemic but also for the future of education.
The University of Nairobi has today achieved a milestone by successfully conducting its first ever end of semester examinations online.
More than 20 students taking Master of Arts in Environmental Law and Master of Arts in Environmental Policy were able to sit for their examinations right from the comfort of their homes.
The university shifted to online examinations in order to provide students with options to complete their studies at a time when face-to-face exams are impossible to be held because of the Covid-19 pandemic.
Absa Kenya reported a three percent net profit growth in the first quarter ended March, weighed down by costs of separating from its former parent company Barclays Plc.
The lender’s net profit stood at Sh1.95 billion in the review period compared to Sh1.89 billion a year earlier.
Its cost of rebranding to Absa, captured as exceptional items, increased 2.2 times to Sh552 million.
“The investment in transition programme will continue to have an impact on our financial results,” Absa said in a statement.
Available Central Bank of Kenya (CBK) figures show that banks extended the repayment period of personal loans to customers, worth KSh 105.2 Billion at the end of April 2020. This is compared to KSh 9.9 Billion in March. READ MORE..
Equity has restructured Sh92 billion loans, equivalent to about 25 per cent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis. READ MORE..
The World Bank on Thursday approved a Sh4.5 billion loan to Kenya to help in combating locust swarms that are destroying crops in Eastern Africa. READ MORE..
The World Bank has approved a Sh107 billion ($1 billion) loan for Kenya to help it close its Budget deficit and tackle the economic shocks arising from the global coronavirus pandemic. READ MORE..
The International Monetary Fund (IMF) has warned against easing the criteria for classifying bank loan performance even as authorities up measures to cushion both borrowers and the financial sector from the coronavirus pandemic.
