Stanbic Holdings has raised its dividend payout by 21.8 percent to Sh6.07 billion after the net profit for the year ended December 2023 grew by a third to hit the highest level in the lender’s history.

The Capital Markets Authority (CMA) has given the nod to the setting up of the contentious recovery board for troubled companies listed on the Nairobi Securities exchange (NSE) in a move aimed at protecting investor interests and reviving confidence in the stock market.

Kenya Power has received approval from the government to bill some of its customers in US dollars in a major win for the firm whose recent performance has been hit hard by foreign exchange losses.

Safaricom has announced a Sh0.55 interim dividend per share amounting to Sh23.03 billion, marking the second consecutive year the telco is cutting the payout to investors.