Family Bank shareholders are set to pocket Sh1.1 billion in dividends, following board approvals. Click here to join our WhatsApp Channel The payout translates to Sh0.85 per share for the 2024 financial year, according to the lender’s announcement. This marks a 53 percent increase compared to 2023, when shareholders received …
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The Kenya Bureau of Standards (KEBS) has relaxed restrictions on the importation of special-purpose vehicles, allowing units older than eight years and left-hand drive (LHD) models into the country under strict conditions. Click here to join our WhatsApp Channel In a notice issued to importers, KEBS announced that such vehicles …
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KCB Group CEO Paul Russo has been appointed the new Chairperson of the Kenya Bankers Association (KBA), the umbrella body for all commercial banks in the country. Click here to join our WhatsApp Channel His election was announced during KBA’s Annual General Meeting in Nairobi, succeeding NCBA Group MD John …
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The Kenya Tourism Board (KTB) is aiming for a 12.5% increase in tourist arrivals from Europe in 2025, building on continued efforts to attract more visitors from the continent. Click here to join our WhatsApp Channel To meet its goal of 764,734 European arrivals—up from 680,373 in 2024—KTB plans to …
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Coffee farmers in Kirinyaga County have strongly rejected the Ministry of Cooperatives’ plan to introduce the Direct Settlement System (DSS), arguing that the move will harm cooperative societies and disadvantage small-scale producers. Click here to join our WhatsApp Channel Under the new model, each farmer would be paid directly through …
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Dubai is shifting its focus from luxury tourism to more affordable travel, targeting Kenyan budget travelers with cost-friendly holiday deals. Click here to join our WhatsApp Channel A team of tourism officials is currently in Nairobi as part of an African roadshow aimed at rebranding Dubai as not just a …
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Kenya’s alcohol manufacturers and distributors are pushing for a further reduction in excise tax on a key ingredient used in spirit production, warning that the current rate remains too high compared to neighboring countries, encouraging illicit trade and smuggling. Click here to join our WhatsApp Channel This follows the National …
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The matatu industry has raised concerns over mounting financial losses caused by ongoing protests in Nairobi and other major towns, warning that continued unrest could push many investors—especially those servicing loans—into default and risk of repossession. Click here to join our WhatsApp Channel According to the Matatu Owners Association (MOA), …
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Carbon trading schemes could unleash up to 2.5 gigatonnes of additional emissions every year, worsening pollution across Africa, a new report by Power Shift Africa (PSA) has cautioned. Click here to join our WhatsApp Channel Titled “Why Carbon Markets Are a Dangerous Distraction for Africa”, the report argues that carbon …
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The Central Bank of Kenya (CBK) has extended the operating hours for bulk payments under the Kenya Electronic Payment and Settlement System (KEPSS) to enhance the processing of large-value and time-sensitive transactions. Click here to join our WhatsApp Channel Effective July 1, 2025, KEPSS—the country’s Real Time Gross Settlement (RTGS) …
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The Lower Eastern Times Opening The Third Eye