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Nairobi Securities Exchange-listed ARM Cement, majority owned by the Paunrana family, is counting on a $140 million (Sh14 billion) capital investment from the CDC Group, a British government-owned fund, to help finance the establishment of a new clinker and cement…Continue
The Central Bank of Kenya (CBK) has put banks on notice with plans to introduce three-year term limits for external auditors handling their books. This as a means of boosting governance and quelling the regulator’s concerns in this regard, following several external…Continue
According to Treasury, Kenya expects public spending to fall to 27.7% of GDP in the year to June 2018, from 30.6% in the current fiscal year. Furthermore, in guidelines for the 2017/18 budget, it said total revenue collection would be closer to 20% of GDP,…Continue
Telecoms operator Safaricom, 40 percent owned by Britain's Vodafone, has announced that it will pay a special dividend of 0.68 shillings ($0.0067) per share.
Safaricom CEO Bob Collymore said in a statement:
"There is room for this…