business
President Ruto saves Airtel Kenya, Amazon from forced stake sale
Airtel Kenya has been saved from forcibly selling a third of its stake to local investors.
Kenya Power CEO shortlist narrows to three managers
Kenya Power has made a shortlist of candidates for the utility firm’s next chief executive.
Pain of Sh67bn shortfall amidst debt repayments
Kenya spent Sh150 billion to repay public debt in the month of March alone.
EVs and off-grid solar technologies present new business opportunities
In the next five years, I foresee a rapid uptake of electric vehicles (EVs) and off-grid solar...
Industrial sector tops bad loans growth list
The manufacturing sector last year had the highest increase in defaulted loans.
Search for new CBK governor begins as Dr Njoroge term ends
The Public Service Commission (PSC) has opened the search for a new Central Bank of Kenya (CBK)...
CBK signals costly loans after hiking rates to five-year high
The Central Bank of Kenya (CBK) has increased the benchmark lending rate to the highest level...
Kenyattas, Equity CEO top in Sh63bn bank dividends
The family of Jomo Kenyatta is among the top beneficiaries of the combined Sh63 billion...
Warner Bros. Discovery CEO Sees Major Pay Decrease to $39 Million USD in 2022
Reports of Warner Bros. Discovery CEO David Zaslav's salary package has been revealed for 2022 and the numbers show a staggering decline from the year prior. According to Variety, a Securities and Exchange Commission filing had WBD state the total compensation package of their CEO. In 2022, Zaslav only made $39.3 million USD, with $3.1 million USD from his salary. The other portion of his compensation was awarded from stocks and non-equity incentive plans. The number, while still large compared to an average income, saw Zaslav's pay decline significantly from 2021.In 2021, Zaslav earned a staggering $246.6 million USD for his compensation package due to an unprecedented $203 million USD stock option. Previously in 2020, Zaslav earned $37.7 million USD. Additionally, the information disclos...
American tycoons scout for ICT, agritech deals in Nairobi
American investors have given priority to deals in ICT, apparel and agriculture after the Biden...
Data agency certifies 1,600 entities in drive
The Office of the Data Protection Commissioner (ODPC) has issued compliance certificates to...
NCBA net profit hits record Sh13.7bn, increases dividends
NCBA Group has increased its dividends payout for the second straight year after net profit for...
