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Equity Group Holds 21st AGM, Approves Dividend Payout, Governance Reforms and UAE Expansion

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  Equity Group Holdings Plc held its 21st Annual General Meeting (AGM) on Wednesday, where shareholders voted in favour of all the proposed resolutions. The shareholders demonstrated strong confidence in the group’s strategic direction and governance during the meeting conducted virtually and attended by shareholders worldwide. The voting on all the proposed resolutions saw significant approvals that will shape the future of the organisation. Shareholders approved a dividend of Ksh.16 billion at an enhanced rate of Ksh.4.25 per share, payable on or about June 30, 2025, to shareholders on the register as of the close of business on May 23, 2025. The group remained committed to its dividend policy, which provides for a dividend payout ratio of between 30% to 50%. This year, the dividend payout was 34%. As part of ongoing efforts to strengthen governance structures and align with the best global practices and regulatory requirements, the group introduced and secured shareholder approv...
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Independent fuel stations risk closure over KRA directive to adopt eTIMS system

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  The Kenya Revenue Authority announced a new requirement for all fuel stations to adopt the Electronic Tax Invoice Management System, commonly known as eTIMS, by 30th June 2025. The move, they say, is aimed at curbing fictitious VAT claims and improving tax compliance in the petroleum sector. That deadline has come and gone and while large multinational oil firms have largely complied, small and independent dealers are crying foul, citing prohibitive costs and warning of a looming shutdown in rural areas.This system allows each fuel transaction to be recorded in real time and sent directly to KRA’s servers. Drivers will now receive a valid electronic invoice after fueling their vehicles. These digital receipts are necessary for those claiming input VAT, such as fleet operators and transport companies. And with the deadline now passed, the uptake has been polarizing. Large petroleum dealers such as Total, Shell and Rubis have largely integrated their systems with KRA. “We basically...
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Diamond Platnumz Reveals Secrets he Used to Conquer Global Stage

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  Tanzanian superstar Diamond Platnumz has revealed the deliberate shift in his musical approach that has propelled him from regional fame to international stardom. In a candid interview with  Billboard , the Bongo Flava icon shared how his career began with emotional, heart-wrenching ballads sung in Swahili, a style that endeared him to his East African fanbase but presented barriers on the global stage. “I used to do a lot of heartbroken songs, that’s how I came up in the game,” Diamond said. “People loved me because of the way I write. It makes people cry,  like I was relieving them.” However, the very thing that made him beloved at home became a limiting factor internationally. “Those songs were limiting me because, first of all, for a person to understand what I’m talking about, they have to understand my language,” he explained. Recognizing the need to connect with a wider, global audience, Diamond made a bold creative pivot. He began crafting joyful, dance-centric ...
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Kimani Ichung'wah Alleges Assassination Plot Against Elderly Parents During June 25 Protests

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  In a chilling revelation during a parliamentary session, Kimani  Ichung'wah , the Member of Parliament for Kikuyu and the Leader of the Majority Party, disclosed an alarming attempt on the lives of his nonagenarian parents during the recent June 25th protests. The MP, visibly shaken, shared that his 105-year-old father and 85-year-old mother, Mary Mumbi, were targeted by what he described as mobilized  " goons, "  alleging the incident was a direct consequence of his role and duties in the house. “H onorable Speaker, I am growing old  but  I am not older than my father. My father is 105 years old, and my mother, Mary Mumbi, is 85 years old. Yesterday, there was an attempt to kill my 105-year-old father and 85-year-old mother. All in the name of myself being the leader of the majority in this house and having done my work to the best of my ability  as  God may help me, "   Ichung’wah  revealed. The demonstrations, while constitutionally...
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