Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …
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The Kenya Revenue Authority (KRA) has announced that bottled water produced locally or imported into Kenya will no longer attract excise duty or require excise stamps following amendments introduced through the Finance Act, 2026. In a notice released on Monday, KRA said the new measures came into effect on July …
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The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …
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CIC Insurance Group PLC has overhauled its senior management structure, moving its long-serving audit chief to a new role designed to spearhead the company’s modernization efforts. In a statement released by Group General Counsel and Company Secretary Gail Odongo, the Board confirmed that Mr. Muyesu Luvai has been reassigned from …
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The Lower Eastern Times Opening The Third Eye