×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App
The Standard

Kakuzi taps into reserves to pay record dividend

By Patrick Alushula | 3yrs ago
Kakuzi Chairman Nicholas Ng'ang'a [David Njaaga, Standard]

Agricultural firm Kakuzi has tapped into retained earnings to pay its highest ever dividends despite reporting the lowest profit in seven years.

The firm yesterday announced a 48.6 per cent decline in net profit to Sh319.7 million in the financial year ended December 2021, compared to Sh622 million in the preceding year.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902

Related Topics

Kakuzi Kakuzi Dividends
.

Similar Articles

KCB unveils record Sh22 billion dividend payout as profit surges
KCB unveils record Sh22 billion dividend payout as profit surges
The lender proposes a Sh7 per share dividend, distributing Sh22 billion to its 193,000 shareholders.
Business
By Brian Ngugi
2 hrs ago
Stima Sacco reports Sh10.8b revenue on increased digital transactions
Stima Sacco reports Sh10.8b revenue on increased digital transactions
Stima DT Sacco Society Ltd has recorded Sh10.8 billion in revenues for the year ended December 31, 2025, even as total assets grew to Sh75. 27 billion, up from Sh 66.44 billion in 2024.
Business
By James Wanzala
2 hrs ago
Stanbic profit flattens at Sh13.7 billion as South Sudan subsidiary recovers
Stanbic profit flattens at Sh13.7 billion as South Sudan subsidiary recovers
Stanbic Bank has proposed a dividend of Sh22.35 per share, an increase from Sh20.83 issued in 2024.
Business
By Graham Kajilwa
2 hrs ago
New developments spur Watamu's beach tourism as investors return
New developments spur Watamu's beach tourism as investors return
This bustling coastal town continues to grow. The progress and transformation of the once sleepy village to a must-visit area in the last decade is evident.
Real Estate
By Philip Mwakio
2 hrs ago
Floods reshape property market as buyers seek higher grounds for safety
Floods reshape property market as buyers seek higher grounds for safety
If floods were once a weather headline, they are now a market signal one demanding stronger planning, smarter construction, and property decisions that value resilience as much as price.
Real Estate
By Amos Kiarie
3 hrs ago
New Nation Media Group owner vows to safeguard editorial independence
New Nation Media Group owner vows to safeguard editorial independence
Tanzanian billionaire Rostam Azizi has vowed to protect the editorial independence of Nation Media Group after his firm, Taarifa Ltd, acquired the AKFED.
Business
By Ronald Kipruto and Graham Kajilwa
4 hrs ago
Top 10 countries account for 79pc of planned rooms
Top 10 countries account for 79pc of planned rooms
A record 123,846 rooms across 675 hotels and resorts are set to be built in Africa this year, representing year-on-year growth of 18.6 per cent.
Real Estate
By James Wanzala
8 hrs ago
Oil jumps, stocks drop as Mideast war prolongs market volatility
Oil jumps, stocks drop as Mideast war prolongs market volatility
Oil prices rallied and equities largely dropped Wednesday as traders assessed the latest impact for global markets from  the Middle East war.
Business
By AFP
15 hrs ago
Wuerth Kenya to close shop after 29 years
Wuerth Kenya to close shop after 29 years
Wurth Kenya to formally cease operations in the country on May 2026 after 29 years; asks customers with pending transactions to reach out for finalisation.
Business
By Fred Kagonye
20 hrs ago
IRA takes over Trident Insurance, two others in compliance crackdown
IRA takes over Trident Insurance, two others in compliance crackdown
Insurance Regulatory Authority places KUSSCO Mutual Assurance, Corporate Insurance Limited and Trident Insurance Limited under statutory management.
Business
By Fred Kagonye
20 hrs ago
.

Latest Stories

KCB unveils record Sh22 billion dividend payout as profit surges
KCB unveils record Sh22 billion dividend payout as profit surges
Business
By Brian Ngugi
2 hrs ago
Stima Sacco reports Sh10.8b revenue on increased digital transactions
Business
By James Wanzala
2 hrs ago
Stanbic profit flattens at Sh13.7 billion as South Sudan subsidiary recovers
Business
By Graham Kajilwa
2 hrs ago
New developments spur Watamu's beach tourism as investors return
Real Estate
By Philip Mwakio
2 hrs ago
.

The Standard Insider

.

Digger Classified

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel
The Standard
© 2026. The Standard Group PLC. All rights reserved