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The company’s decision to reward its unit holders comes after declaring its first distribution from its development Reits, marking a significant increase from the initial projection.
NCBA’s board of directors recently recommended a final dividend of Ksh3 per share, bringing the full-year payout to Ksh4.75 (0.04) per share.
The multimillionaire Merali family holds a controlling stake of 65.46 percent in Sasini Tea, representing 168,856,800 ordinary shares in the group, presently valued at $25.78 million.
This highlights Ndegwa’s standing among Kenya’s top investors, solidifying his position among the nation’s leading businessmen.
Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
According to Bhattacharya, CEO of BasiGo, the partnership with CFAO Group marks a significant milestone in the company’s journey.
This decision, triggered by the challenges in meeting revenue targets, aims to align the firm with market demands and macroeconomic trends.
Voice revenue rose 11.6 percent, while data and mobile money revenue surged 21.6 percent and 17.6 percent, respectively.
KCB Bank Kenya’s loan book has surged in recent years, outpacing its deposit base.
This move follows his suspension from the company in 2021 and his announcement in February of plans to sue WPP for £24 million ($30.2 million).
Kimani, a significant shareholder with a 33.3-percent stake in Kakuzi, is positioned to receive a substantial portion of the group’s dividend payout.
Gideon Muriuki’s $2.6 million gain underscores the positive impact of his leadership at Co-op Bank.
Muriuki, who was instrumental in the Co-op Bank’s expansion, owns a two-percent stake in the leading financial services group.
MTN customers can access Tesadeals without incurring data charges, underscoring the platform’s commitment to accessibility and inclusivity.
The $50-million loan from Proparco represents a significant milestone for NCBA Group as it continues to drive sustainable economic growth and support SMEs in Kenya.
Over the past 40 days, Nwangi’s stake in Equity Group has increased by $5.77 million over the past 40 days, cementing his position among Kenya’s richest individuals.