East African Breweries Plc (EABL) says it posted robust half-year financial results, rewarding shareholders with an interim dividend of Kshs 2.50 per share. Despite a challenging macroeconomic environment, EABL achieved a 20% increase in Profit After Tax, reaching Kshs 8.1 billion, driven by reduced interest costs and favourable foreign exchange gains. Net revenue for the six months ending December 31, 2024, reached Kshs 67.9 billion, reflecting a 2% increase compared to the same period last year. This growth was supported by a 1% volume increase, underpinned by continuous investments in innovative product offerings, impactful marketing campaigns, and enhanced route-to-market efficiencies.…
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
TikTok has announced strategic partnerships with Aleph Holdings and Wowzi to enhance its operations and support the growth of the Kenyan creator economy. Aleph Holdings will now manage TikTok’s sales and support operations in Kenya, streamlining advertising for businesses. This partnership will provide Kenyan businesses with direct access to TikTok’s expertise, simplifying the advertising process and enabling them to leverage local insights. Wowzi, a leading technology marketplace, will serve as TikTok’s official creator management partner. This collaboration will connect Kenyan creators with brands and agencies, providing valuable opportunities to expand their reach and build successful careers on the platform. “These partnerships…
Kenya has operationalized seven new border posts to enhance international trade and security, Commissioner for Customs and Border Control at the Kenya Revenue Authority (KRA), Lilian Nyawanda, announced during International Customs Day (ICD) 2025 celebrations in Nairobi. Located along the borders with Uganda, Tanzania, and Ethiopia, these new points of entry and exit are equipped with advanced technology designed to significantly reduce cargo clearance times and increase trade volumes. The specific locations are: Kenya-Uganda Border: Konyao and Lomokori/Lokiriama Kenya-Tanzania Border: Olposimoru Kenya-Ethiopia Border: Illeret/Banya Fort, Todonyang, Suftu, and Rhamu Nyawanda emphasized that the new posts will streamline the movement of…
Meta CEO Mark Zuckerberg announced on Friday that the company plans to invest between $60 billion and $65 billion in capital expenditures in 2025 to expand its artificial intelligence infrastructure. Zuckerberg described 2025 as “a defining year for AI” and revealed that Meta is constructing a massive data centre, comparable in size to a significant portion of Manhattan, to support its AI initiatives. This investment will include approximately 1 gigawatt of computing capacity and will bring Meta’s total number of graphics processing units (GPUs) to over 1.3 million by the end of 2025. “This is a massive effort, and over…
South Korean smartphone giant Samsung unveiled the Galaxy S25 series—the Galaxy S25, S25+, and S25 Ultra—with a focus on sustainability, featuring recycled materials and a commitment to environmental responsibility. Key Upgrades Snapdragon 8 Elite for Galaxy: A customized chipset delivering 40% faster NPU, 37% faster CPU, and 30% faster GPU performance. Galaxy AI: Enhanced AI capabilities with Google Gemini integration, enabling multimodal interactions, improved search, and personalized experiences. Pro-Grade Camera: 200MP main sensor on the S25 Ultra, 50MP ultrawide on all models, and advanced video recording features like 10-bit HDR and Audio Eraser. Refined Design: Titanium frame for the S25 Ultra,…
Hyatt Hotels Corporation (NYSE: H) has announced the official opening of Hyatt Regency Nairobi Westlands, marking the brand’s debut in Kenya. This five-star hotel, in the heart of Nairobi’s vibrant Westlands district, offers a blend of contemporary design, Kenyan culture, and signature Hyatt Regency service. “We are thrilled to debut our first Hyatt-branded hotel in Kenya, marking a significant milestone in Hyatt’s growth in the African market,” stated Stephen Ansell, Managing Director—Middle East and Africa, Hyatt. Igor Jovovic, General Manager of Hyatt Regency Nairobi Westlands, added, “We are excited to offer guests immersive local experiences, from Kenyan-inspired design to diverse…