MPs have revised the Safaricom partial divestiture deal, eliminating the risk of employee redundancies at the telecom giant. In a report presented to Parliament on Tuesday, the National Assembly Committees on Finance and Public Debt proposed significant changes that allow the government to reduce its shareholding in Safaricom by 15
Tag: Kenya business news
Kenya Dissolves 51 Companies, Threatening Jobs
The recent decision by the Kenyan government, through the Registrar of Companies, to dissolve over 50 firms may lead to significant job losses for many citizens. In a gazette notice dated March 6, 2026, Registrar Damaris Lukwo confirmed that 51 companies had been removed from the register under the Companies
Safaricom Declares Ksh0.85 Interim Dividend for FY2026
Mobile communications giants Safaricom has declared an interim dividend of Ksh0.85 per ordinary share for the financial year ending March 31, 2026, reflecting a significant increase from last year's payout of Ksh0.55.The company’s board approved this dividend during a meeting on February 4, 2026. Shareholders listed on the company’s register