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Safaricom Shareholders Approve Kes48.08 Billion Dividend Payout for FY 2024

 Safaricom shareholders have approved a final dividend payout of Kes0.65 per share, coming to Kes26.04 billion for the year ending March 31, 2024. With an interim dividend of Kes0.55 per share, or Kes22.04 billion already paid in March, this pushes the total dividend payout for the year to Kes1.20 per share, coming to Kes48.08 billion.
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Kenyan Startups Raise Over $100 Million in Three Months

 Kenyan startups raised more than Kes12.83 billion in funding across 24 deals in the quarter ended June, driven by cleantech and fintech innovations that chalked funding and number of deals in dominance against the backdrop of the global decline of venture capital flows. According to Briter Bridges, a global provider of market insights, except in
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Old Mutual Group and KICD Launch Online Financial Literacy Program for Kenyan Teachers

 Old Mutual Group has partnered with KICD to roll out a pioneering online financial literacy program targeting junior and senior school teachers in Kenya. This is part of a bigger initiative through which to integrate financial literacy into the current Competency-Based Curriculum from pre-primary to senior school. Addressing Financial Literacy Gaps This presents a significant
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Parliamentarians Allocate NG-CDF Funds for ICT Hub Creation

 Parliamentarians have allocated funds from the National Government Constituency Development Fund (NG-CDF) for the creation of ICT Hubs. In Kakamega, Member of Parliament for Teso South, Mary Emase, explained how legislators have partnered with the Ministry of Information, Communications and Digital Economy to build one ICT hub in each ward across the country. She added
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Bolt Kenya Launches “Flood Assist” Category to Aid Flood Victims

 Ride-hailing platform Bolt had inked a deal with the Kenya Red Cross in an effort to support Kenyans affected by recent floods. A new “Flood Assist” category on the Bolt app will allow riders to contribute to relief efforts, where the online taxi operator will contribute a percentage towards those affected by recent floods that
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Safaricom’s Voice Revenue Decline: Adapting to a Changing Communication Landscape

 Safaricom, the leading telecommunication firm in Kenya, has had a tremendous shift in its voice revenue model. Increased competition and growth of alternative channels of communication have been at the core of this shakeup to the legacy voice business that used to be the centrepiece of revenues for the company. In a bid to counter
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St. Andrews Turi announces jobs for teachers; How to apply

 St. Andrews Turi School in Kenya has announced several job opportunities for various professionals including teachers. In a notice dated 16th January 2025, the institution said it intends to hire people to fill the positions of Assistant Head of the Pastoral department, Head of Drama, Head of Sixth Form College, Head of Sport and Academic
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Yassin Makolo: I’m yet to complete a house I started building with Sh250k loan five years ago

 Homeownership is one of the most fulfilling achievements, given the comfort and peace of mind it brings. However, the process has not been easy for many homeowners primarily due to cost. When Yassin Makolo wanted to construct a house for his parents five years ago, he didn’t know how to go about it due to
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Shareholders gain as KQ shares rise on NSE days after resuming trading

 When the Nairobi Securities Exchange (NSE) closed trading on Wednesday January 15, 2024, Kenya Airways was on top of the pack of gaining stocks. The KQ shares closed trading at Sh. 7.60 per share after gaining by 9.83 per cent. The counter had a volume of just 230,800. In the previous day’s trading, the KQ
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