At Safaricom’s 16th annual general meeting, shareholders approved a substantial final dividend of $189 million (KES 26.04 billion) for the financial year ending March 31, 2024. This approval reflects a final dividend of KES 0.65 per share, following an interim dividend of KES 0.55 per share paid in March 2024. The total dividend distribution for the year amounts to KES 1.20 per share, or $367 million (KES 48.08 billion).
Stakeholders in Kenya’s human resource sector are urging organizations to integrate technology into their HR practices to enhance efficiency and effectiveness. By adopting innovations such as artificial intelligence and data analytics, HR professionals believe Kenyan organizations can significantly improve talent management, boost organizational performance, and cultivate more inclusive workplace cultures.
The historic town of Gedi in Kenya’s coastal region has achieved a significant milestone by being inscribed on the UNESCO World Heritage List. This prestigious recognition highlights Gedi’s historical and cultural importance, solidifying its place as a key component of Kenya’s rich heritage and scenic appeal.
Chinese vehicle manufacturer Chery has signed a significant partnership with Kenyan firm Afrigreen Automobile to establish an electric vehicle (EV) assembly plant in Kenya. The agreement was formalized in a ceremony attended by a high-level delegation from Anhui Province, China, and senior Kenyan government officials.
Accor has inaugurated the Gem Forest Hotel, its 105-room property located along Nairobi’s Limuru Road, marking the group’s ninth establishment in Kenya’s competitive hospitality market. The $30 million (Sh3.9 billion) hotel is strategically positioned to cater to the diplomatic community residing in nearby estates such as Gigiri, Runda, Muthaiga, Rosslyn, and Nyari.
Intron Health, a pioneering Nigerian tech startup, has successfully raised $1.6M in a pre-seed funding round to enhance its speech recognition technology for healthcare workers in Africa. The funding round was led by Microtraction and included notable participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital. Additional support came from angel investors affiliated with global entities such as Google, CLEAR Global, NYU, and Optum.
Samsung Electronics has achieved a notable milestone by being ranked 3rd on the prestigious Brands Africa 100 list. This recognition underscores Samsung’s significant impact and dominance in the African market, affirming its status as a leading household name across the continent.
Visa has announced an exciting new partnership with Carrefour, offering Visa cardholders exclusive discounts and giveaways for weekend shopping. This initiative provides Visa cardholders with a chance to receive assorted giveaways for purchases worth KES 5,000 or more at participating Carrefour stores, or KES 500 savings on online orders of KES 4,000 and above through the Carrefour app. This promotion runs until August 18 for in-store purchases and September 15 for online orders.
