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EPRA Announces Fuel Prices, Safaricom Dividends & Suspects in Ksh13 B KUSCCO Heist

Hello and welcome to today's edition of The Business Roundup. In this edition, we bring you the latest updates on economic trends shaping Kenya's business landscape, including the latest fuel prices announced by the Energy and Petroleum Regulatory Authority (EPRA).
The article from MSN Money discusses several key financial updates in Kenya. The Energy and Petroleum Regulatory Authority (EPRA) has announced a reduction in fuel prices effective from May 15, 2023, with super petrol decreasing by KSh 5.31 per liter, diesel by KSh 10 per liter, and kerosene by KSh 18.68 per liter. This adjustment aims to ease the financial burden on consumers amidst global economic pressures. Additionally, Safaricom, Kenya's leading telecommunications company, declared a dividend payout of KSh 1.20 per share for the fiscal year ending March 2023, reflecting its robust financial health despite economic challenges. Lastly, the article touches on the ongoing investigation into a KSh 13 billion heist at the Kenya Union of Savings and Credit Co-operatives (KUSCCO), where suspects have been arrested, highlighting significant issues with financial security in cooperative societies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/epra-announces-fuel-prices-safaricom-dividends-suspects-in-ksh13-b-kuscco-heist/ar-AA1z49k5 ]