BAT Kenya stunned the market at the end of last week with a 40.0% y/y increase in its full year dividend (to Kes 70.0/share) & a payout ratio of 135.0%.
I sat down with the company's Finance Director, @P_Kipkemoi, to take a deep dive into the earnings & more specifically the dividend.
A 🧵
Female Track Athlete of the Year nominee ✨
Repost to vote for Beatrice Chebet 🇰🇪 in the #AthleticsAwards.
Voting closes on Sunday 27 October at 11:59 PM CEST.
Female Track Athlete of the Year nominee ✨
Repost to vote for Faith Kipyegon 🇰🇪 in the #AthleticsAwards.
Voting closes on Sunday 27 October at 11:59 PM CEST.
Male Track Athlete of the Year nominee ✨
Repost to vote for Emmanuel Wanyonyi 🇰🇪 in the #AthleticsAwards.
Voting closes on Sunday 27 October at 11:59 PM CEST.
CS ABABU VISIT MERCY CHEPNGENO, FULLY KITS HER WITH TEAM KENYA UNIFORM
Mercy Chepngeno, a 17-year old girl from Lesirwo, Kericho County, astounded spectators at the Rift Valley Secondary School Sports Association games in Kipchoge Keino, when she won the girls'…
East Africa Markets Lead & Partner at Ernst & Young, Frank Mwiti, succeeds Geoffrey Odundo as the new Chief Executive Officer of the Nairobi Securities Exchange. He assumes office effective May 2nd, 2024
BAT Kenya slashed the final dividend for FY2023 by 13.46% to Kes 45.0/share bringing full year dividend to Kes 50.0/share (FY2022: Kes 57.0) as net earnings plunged 19.21% to Kes 5.58 billion.
I sat down with the CFO, @P_Kipkemoi, to unpack the numbers.
A 🧵
Jürgen Klopp has announced his decision to step down as #LFC manager at the end of the season, having informed the club’s ownership of his wish to leave his position in the summer.
We keep talking about the challenge of predictability in tax policy in Kenya with every Finance Act throwing in all manner of changes.
IMF's latest report now captures it very well!
Here's how many times EAC economies have made administrative & policy changes to their tax regime between 1988 & 2022:
· Kenya 594 times
· Uganda 453 times
· Tanzania 431 times
· DR Congo 131 times
· Rwanda 129 times
Every year, Kenya makes about 18 changes on average in its tax regime...every year! Uganda comes next at 13 changes annually. Rwanda is the least erratic, with 4 changes annually.
This is why the National Tax Policy (for which we have seen two drafts so far) is really long overdue
The @BATKenya 2022 Sustainability Report is out! It highlights our commitment to reduce the health impact of our business. Plus, we report on our ESG priorities: excellence in environmental management, a positive social impact and robust corporate governance. #ABetterTomorrow
“We are accelerating the transformation of our business, with sustainability at the core. Our sustainability agenda is backed by clear and measurable targets upon which we have made sustained progress”. Said our MD @CrispinAchola
Introducing the Kenya Climate Directory
During the Climate Summit, I finally got to launch the Kenya Climate Directory. Welcome to Kenya's first centralised climate information repository. 1,300+ resources across 60+ themes/sectors, across all 47 counties https://t.co/Y1ydb01Dk2
The greatest inspiration for young girls and women across Africa. Many congratulations Faith, for the new 1500m World Record. Your hard work, determination, resilience and focus has reaped great fruits!
Asante sana, you’ve made us proud.
WORLD RECORD - 3:49.11 💗🥹💗
I am really thankful, today was a wonderful day in which everything came together. The world record was in my mind since last year, but I wanted to approach it slowly by slowly to see what was possible this year. I cant believe it! Now I have...