Author: Khusoko

The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines for listed companies. The guidelines are in line with the Companies Act, 2015, which introduced the share buyback option for publicly-traded firms. The objective is to enhance investor protection, promote liquidity and ensure transparency in share buyback transactions. “The maximum share buyback price of the shares to be purchased shall be ten per cent above the weighted price average of the shares during the period of 30 days before the day of the board resolution approving the share buyback,” part of the Guidelines on…

Kenya bagged five awards at All Africa Music Awards on Sunday night at the Eko Hotel in Lagos, Nigeria. The annual event was established by the International Committee AFRIMA, in collaboration with the African Union to reward and celebrate musical works, talents and creativity around the African continent while promoting the African cultural heritage. Nikita Kering scooped two awards at this year’s gala award, the Best Female Artiste East Africa and Best Artiste, Duo/Group in African RnB and Soul categories. Sauti Sol emerged winners as the Best Group in Africa, while Rash Band bagged the Best in African Rock award.…

Entrepreneurship is like a long and treacherous journey. There are ups and downs. Sometimes one wins, and sometimes one loses. The secret lies in always pushing, having the will, energy, and zeal to rise after every fatal fall. Being an entrepreneur in Africa is not a walk in the park. There is a myriad of challenges that will bring one down within a blink of an eye. Any avenue that cushions entrepreneurs against a fall and maximizes their profits is worth rushing for. Entrepreneurship is often categorized under micro and small businesses. These micro and small businesses form the backbone…

More often than not, we have all fallen victim to short bursts of spend-happy periods where we blow our paycheck all at once. Though it may feel fun to let your mind take a break and spend as you wish, it isn’t the best thing for your wallet, the morning after. No one enjoys living paycheck to paycheck, and if someone told you there was a way to make your money last for longer, wouldn’t you jump at the chance? Well, there is and it is a simple word, budgeting… In a simplified way, budgeting is the act of tracking your finances…

Co-operative Bank of Kenya’s net profit for the nine months to September grew 18.4 per cent to KSh11.6 billion compared to KSh9.8 billion reported in a similar period last year. The lender attributes the increase to high income and a return to profitability of its subsidiary Kingdom Bank. Kingdom Bank Limited posted a profit before tax of KSh413 million in Q3 2021, compared to the 2020 full-year loss of KSh124 million. The subsidiary’s loan book shrunk 15 per cent to Ksh.4.3 billion. Results Highlights Total assets grew by 16 per cent mainly driven by a 7.8 per cent expansion of…

Digital lenders will no longer give loans to new customers outside their existing database of borrowers, citing their continued freeze out of the credit reference bureaus (CRB). Current rules bar the unregulated digital lenders from blacklisting defaulters, and they can only access a borrower’s credit information from a CRB with the express consent of the borrower and Central Bank of Kenya (CBK). Digital Lenders Association of Kenya (DLAK) chairman Kevin Mutiso said its members will now only lend to repeat customers on their own databases, a move that is likely to deny a majority of borrowers short-term loans. The lobby…