CHINT Global has officially launched a smart meter manufacturing facility at Graylands Industrial Park in Athi River, Machakos, Kenya, marking its expansion to the East African market. This Kenyan plant is the CHINT Group’s 10th international production facility and the second CHINT Meters plant in Africa. The factory specializes in manufacturing advanced smart meters, such…
Nippon Paint, the world’s fourth-largest paint manufacturer by revenue, has officially entered the East African market with its subsidiary, NIPSEA Paint Kenya. This move brings advanced Japanese technology to enhance customer experiences in automotive refinish, car care, wood coating, and industrial coatings. The paint giant, operating through a distributorship model, has established Nairobi as its…
Kenyan youth entrepreneurs are set to transform the waste management sector, thanks to the BeGreen Africa Entrepreneur Workshop held in Nairobi. This workshop, organized in collaboration with UNICEF, the Tony Elumelu Foundation, and UBA Kenya, aimed to equip young innovators with the skills to develop comprehensive business plans and groundbreaking solutions in waste management. BeGreen…
The Nairobi Securities Exchange (NSE) has admitted the Linzi Sukuk on the NSE Unquoted Securities Platform (USP) making the product the first Shari’ah compliant product to be admitted on the platform. The Linzi Sukuk, issued by Linzi FinCo Trust, a common law unincorporated trust, is a Kshs. three billion (Kshs. 3,000,000,000.00) Islamic Secured Residential Lease…
Kenya’s economic journey over the past year has been a rollercoaster ride. In July 2023, upon Governor Kamau Thugge’s assumption of leadership at the Central Bank of Kenya (CBK), the nation faced a trio of challenges: soaring inflation, a weakening shilling, and diminishing foreign exchange reserves. Public anxieties were high, with the cost of basic…
TotalEnergies Kenya is showering its shareholders with a hefty dividend increase of 46.5% after it delivered impressive results, prompting a significant boost in dividend payouts. Shareholders can expect to receive Sh1.92 per share, totaling Sh336.1 million, a substantial increase from the previous year’s Sh1.31 per share and Sh229.3 million payout. Beyond the generous dividend increase,…
Sanlam Kenya PLC shareholders will continue to face a decade of disappointment as the company extends its streak of no dividends for another year. The board of directors failed to recommend paying dividends for the financial year ending December 2023, extending the suspension of payouts that began in 2013. That year, Sanlam Kenya issued its…
Nation Media Group, East and Central Africa’s leading independent media house, reported a net loss of KES 205.7 million for FY 2023, a stark contrast to the previous year’s profit of KES 318.5 million. The cost of sales also surged by 21%, further pressuring profitability. Given the economic headwinds and ongoing investments in digital transformation,…
Safaricom and Longhorn have joined forces to provide 1.5 million students with tablets for educational purposes. This partnership aims to reduce the digital gap in Kenya and promote equal learning opportunities among Kenyan students. The partnership not only grants students access to valuable resources but also equips them for the technology-focused world ahead. This collaboration…
