CBK to determine bank dividend payouts in new rules

[ad_1] Capital Markets CBK to determine bank dividend payouts in new rules Friday, August 28, 2020 6:30 By PATRICK ALUSHULA CBK Governor Patrick Njoroge. FILE PHOTO | NMG  Banks will have to get the approval of the Central Bank of Kenya (CBK) before declaring dividends for the current financial year, according to a new directive… Continue reading CBK to determine bank dividend payouts in new rules

How Health PS swayed Kemsa Covid supplies

[ad_1] Economy How Health PS swayed Kemsa Covid supplies Friday, August 28, 2020 6:00 By SAMUEL OWINO Health Principal Secretary Susan Mochache. FILE PHOTO | NMG  The Kenya Medical Supplies Authority (Kemsa) exclusively procured Covid-19 related supplies from select firms at pre-set prices on the directive of the Health ministry, the agency’s board confirmed Thursday.… Continue reading How Health PS swayed Kemsa Covid supplies

Absa Bank Kenya restructures loans worth KSh 57 Billion

[ad_1] Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 Billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months period ended 30th June 2020, the lender recorded an increase in net loans to customers to KSh 201.9 Billion from KSh 186.7 Billion. Customer… Continue reading Absa Bank Kenya restructures loans worth KSh 57 Billion

Jubilee Holdings’ profit flat at Sh1.8b: The Standard

[ad_1] Jubilee Holdings Chairman Nizar Juma. [File, Standard] Jubilee Holdings’ net profit remained flat at Sh1.8 billion for the first six months of 2020 compared to same period last year amid devastating effects of coronavirus pandemic. The insurer saw its net premium revenue rise slightly from Sh9.56 billion to Sh10.14 billion as at the end… Continue reading Jubilee Holdings’ profit flat at Sh1.8b: The Standard

Milk output drops over market fears: The Standard

[ad_1] Production fell from 63 million litres to 40 million Milk production has reduced drastically since the onset of the Covid-19 pandemic due to farmers’ fears over market access. Data from the Kenya Dairy Board shows that raw milk received by processors dropped from 63.4 million litres in March to 40.2 million litres in June.… Continue reading Milk output drops over market fears: The Standard

Kenyatta, Mitumba Lobby Forge New Way to Resume Trade

[ad_1] NAIROBI, Kenya, Aug 27 – All mitumba importers shall be required to register with Kenya Bureau of Standards as part of measures agreed upon following talks between President Uhuru Kenyatta and the Mitumba Association of Kenya.  The measures were formulated after the head of State received a petition from the Association, highlighting the challenges they… Continue reading Kenyatta, Mitumba Lobby Forge New Way to Resume Trade

We need open, honest constitutional reflection

[ad_1] Ideas & Debate We need open, honest constitutional reflection Friday, August 28, 2020 1:52 By DENNIS KABAARA President Uhuru Kenyatta. FILE PHOTO | NMG  Customer: “Do you have a copy of the constitution for sale”? Bookstore owner: “Sorry, we don’t stock periodicals here”. This may, or may not, be a real life story, but… Continue reading We need open, honest constitutional reflection

EDITORIAL: Strengthen Kazi Mtaani – Business Daily

[ad_1] Editorials EDITORIAL: Strengthen Kazi Mtaani Friday, August 28, 2020 1:46 By EDITORIAL Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG  At a time most households are struggling to put food on the table, Members of Parliament are wrong in their quest to halt Kazi Mtaani. The initiative has put money in the pockets… Continue reading EDITORIAL: Strengthen Kazi Mtaani – Business Daily