Companies Listed on NSE in Kenya

By

-

May 16, 2024

Companies Listed on NSE in Kenya — The listing requirements for companies in the Nairobi Securities Exchange are focused on the company size. (Photo: Kenyan Wall Street)

NSE is the Kenyan stock exchange: In full, it is the Nairobi Securities Exchange and not the Nairobi Stock Exchange, as many usually call it.

And just like the USA’s NYSE, the New York Stock Exchange, the largest stock exchange in the world, NSE is where the equity shares of public companies in Kenya are bought and sold.

By its worth, it is one of the leading African exchanges with a market capitalization of Ksh179 billion or approximately 1.3 billion USD right now.

Companies list their shares on stock exchanges to raise capital from interested investors to support their growth needs. At NSE, there are different market segments called the Equities Market, to which companies list:

They are the Main Investment Market Segment, Alternative Investment Market Segment, Growth Enterprise Market Segment (GEMS), Real Estate Investment Trusts and Exchange Traded Funds, all with varying listing requirements that a company must meet to be listed.

The listing requirements are focused on the company size, as in share capital. For instance, for a company to be listed in the NSE’s Main Investment Market Segment, its net assets should be valued at more than Ksh100 million before going public and not less than Ksh20 million for those eyeing the Alternative Investment Market Segment.

Nairobi Securities Exchange: Company Listings 2024

Today, we are going to look at the big companies which are on NSE in Kenya. As stated, they are those on the Main Investment Market Segment.

Here are they;

1. Kakuzi plc
2. Sasini plc
3. Car and General (K) Ltd
4. Absa Bank Kenya plc
5. BK Group plc
6. Diamond Trust Bank Ltd
7. Equity Group Holdings
8. HF Group plc
9. I&M Group plc
10. KCB Group plc
11. National Bank of Kenya Ltd
12. NCBA Group plc
13. Stanbic Holdings PLC
14. Standard Chartered Bank Kenya
15. The Cooperative Bank of Kenya
16. Eveready East Africa Ltd
17. Kenya Airways Ltd
18. Nation Media Group plc
19. Sameer Africa plc
20. Standard Group plc
21. TPS Eastern Africa Ltd
22. Uchumi Supermarket plc
23. WPP Scangroup plc
24. ARM Cement plc
25. Bamburi Cement Ltd
26. Crown Paints Kenya
27. E.A Cables Ltd
28. EA Portland Cement Co Ltd
29. KenGen Co
30. Kenya Power & Lighting Co plc
31. Kenya Power & Lighting plc
32. Kenya Power & Lighting plc
33. TotalEnergies Marketing Kenya
34. Umeme Ltd
35. Britam Holdings plc
36. CIC Insurance Group
37. Jubilee Holdings Ltd
38. Kenya Re-Insurance Corporation Ltd
39. Liberty Kenya Holdings
40. Sanlam Kenya plc
41. Centum Investment Co plc
42. Olympia Capital Holdings Ltd
43. Nairobi Securities Exchange plc
44. B.O.C Kenya plc
45. British American Tobacco Kenya plc
46. Carbacid Investments plc
47. East African Breweries plc
48. Mumias Sugar Co Ltd
49. Unga Group Ltd
50. Safaricom plc

The companies listed above are the biggest and most valuable ones whose shares can be bought by the public as it is listed in the Kenyan stock market NSE as of 2024.

How to Buy Airtel Shares in Kenya

By

howafrica

-

May 16, 2024

How to Buy Airtel Shares in Kenya — Public companies have their shares available for purchase and sale in public stock exchanges like NSE. (Photo: Web)

Airtel Kenya is the second biggest provider of telecommunications and mobile money services in Kenya after Safaricom, ranked the best network across the country for data and calls, and also because of Mpesa.

Because of the ‘PLC’ tag meaning a public limited company at the end of Safaricom PLC, as it is known, we all know, at least most of us, that Safaricom is allowed to sell its shares to the public as a publicly traded company listed on the Nairobi Securities Exchange (NSE).

Public companies in Kenya, such as Safaricom, with the word PLC at the end of their name, are those whose ownership is distributed among different shareholders and investors in the form of share units available for purchase and sale in public stock exchanges like the stated NSE.

But have you ever heard of Airtel Kenya PLC? That is because you automatically want to know how to buy Airtel shares in Kenya: Who doesn’t want to invest in such a promising, fast-growing telecommunication company?

Is Airtel Kenya listed on NSE?

Unfortunately, as a company, Airtel has not yet gone public for its shares to be made available for trading on the stock market, NSE Nairobi Securities Exchange. But why?

It is because Airtel Kenya is one of the subsidiaries of Airtel Africa, whose stock is already listed and active on the London Stock Exchange (LSE), and its registration statement reads London, England, UK, its main headquarters.

But that does not lock out the telecom operator from NSE: For Airtel to start trading its shares in Kenya, it must apply for a Cross Border Secondary Listing with the approval of LSE because Airtel Africa PLC, its holding company, is UK-based and then post their Initial Public Offering (IPO) by way of Book Building to go public.

So, can one buy Airtel shares in Kenya?

As an investor, because Airtel is not yet a publicly traded company in the country to list its stock on the Nairobi Securities Exchange, it is impossible to buy its shares right now in Kenya and become a shareholder.

What Is the National Minimum Wage in Kenya in 2024?

By

howafrica

-

May 8, 2024

What Is the National Minimum Wage in Kenya in 2024? — The monthly pay rates for low-paid workers in the minimum wage scale vary depending on location. (Photo: Web)

Millions of workers across Kenya will soon receive a pay increase after the President asked the Ministry of Labour to raise the national minimum wage by 6% as he spoke during the 2024 Labour Day celebrations held at Uhuru Gardens in Nairobi on 1st May.

Such minimum wage, recognised by law, is the base level of pay that employers are required to pay certain employees in minimum wage-earning positions, and President William Ruto said that the cash boost in the legal minimum wage is part of the government’s initiative to uplift the welfare of those workers.

Although the national minimum wage does not necessarily reflect the real living wage, the product of the cost of living in the country, as they are usually lower, they have long been used as a tool to ensure that workers receive a fair rate of pay for their labour services.

A fairer minimum wage that slightly matches or exceeds the living costs increases the work productivity of low-income individuals since it improves employee morale and work ethic, promotes their peace of mind, and can have a lasting and positive effect on their standard of living as an enabler of moving out of poverty, I wrote, during a review of the minimum wages in Kenya as of 2023.

The last time Kenya raised its wage floors was on 1st May 2022, when Uhuru Kenyatta, the former President, was still in office, meaning the latest update came after two years exactly;

The monthly pay rates for low-paid workers in the minimum wage scale vary depending on location, as those in places like Nairobi, Kisumu and Mombasa, the cities, earn more than their counterparts in other areas.

For instance, before the recently directed revision, general labourers, which include house helps, cleaners, sweepers, and gardeners, had their wages at Ksh15,201.65 per month in Nairobi, Mombasa, Kisumu and Nakuru Cities, but their counterparts in most parts of rural Kenya and small towns earned Ksh8,109.90 after a similar duration of work.

Now, the general labourers in those cities will be earning Ksh16,113.75 monthly as the others in other areas take home Ksh8,596.49.

In the now past, miners, stone cutters, turnboys, waiters and waitresses in the cities and some big towns of Kenya, like Eldoret, made Ksh16,417.90 per month or Ksh148 hourly and that will increase by a merger Ksh985.07 to be Ksh17,402.97 monthly or Ksh156.88 per hour when the new national minimum wage gets raised officially.

Away from that, the lowest-paid night guard used to earn Ksh9,672.70/month, while the salary of the highest-paid watchman in Nairobi was Ksh16,959. After the update, their monthly pay will be Ksh10,253.50 and Ksh17,976.54, respectively.

What You Need to Know about AMREF SACCO

By

howafrica

-

May 4, 2024

AMREF SACCO operates as a financial cooperative. If it were in the US, it could be operating as a Credit Union, a nonprofit financial institution owned by people who use its financial products.

Specifically, it is a non-DT (deposit taking) SACCO, which Kenyan SACCOs regulator Sacco Societies Regulatory Authority SASRA defines as a financial institution that accepts deposits but bars withdrawals as those deposits are used as collaterals by members when they are applying for loans from the SACCO for security such that it has to be forfeited in case of default.

Who can be a member of AMREF SACCO in Kenya?

AMREF SACCO was founded on September 7, 1983, with the goal of helping Amref Health Africa employees with their financial needs.

Then, it accepted membership from only those employed by Amref, the non-governmental organization focused on training local health workers in Africa to provide healthcare services that meet the continent’s critical health needs.

But today, staff of similar NGOs (10 staff minimum) can apply to be members. Even individuals referred by family and friends who are members of the SACCO can also register to be AMREF SACCO members.

What are the requirements for joining AMREF SACCO?

To be successfully registered as a new member of AMREF SACCO, there are certain conditions you must meet;

* A Ksh2,000 joining fee, deducted from the contribution of the AMREF SACCO member who referred you to join.

* Because members own the SACCOs, a share represents an individual’s ownership in these financial institutions. For new AMREF SACCO members, a minimum share capital of Ksh30,000 must be paid for one to qualify for dividends each financial year.

* One must be able to pay the minimum monthly contribution of Ksh2,000 toward their member deposit account.

What are the benefits of being an AMREF SACCO member?

AMREF SACCO offers market-leading interest on deposits and savings, and members enjoy fast processing when applying for personal loans, mortgages, auto loans, salary advance loans, student loans, and a wide range of other financial services.

As a new member, you will qualify for loans after six months of being a member. AMREF SACCO loan products range from simple mobile loans of up to Ksh50,000, depending on repayment history and credit scoring, to huge amounts of a maximum of Ksh10 million, for example, its Miliki Mortgage Financing Loan with a lengthy repayment period of 10 years.

AMREF SACCO car loan, with a 1.5% interest rate per month on a reducing balance, has a 3-year term, and one can borrow up to Ksh5 million, a limit calculated subject to a 3.5 times member deposit multiplier.

When applying for loans above Ksh100,000 from AMREF SACCO, three guarantors who are active members are needed, and one when the loan is below that amount.

Note that as a member, you can self-guarantee loans when the loan amount is within your member’s deposit prerequisites, and at that time of application, you are not a guarantor for any member with an active loan at the SACCO.

What are the savings accounts of AMREF SACCO and rates?

The prominent savings account at AMREF SACCO is the Fixed Deposit, which earns a member a high-interest rate of 8% p.a with fixing period options of 3, 6, 9 and 12 months. As a starter, to start saving in the AMREF SACCO Fixed Deposit Account, the minimum amount is Ksh50,000.

There is a Holiday Savings Account and Property Account, allowing one to lock a specific amount of cash for a period of up to 12 months and requiring a Ksh2,000 minimum contribution per month.

AMREF SACCO Junior Savings Account has the same features except for its Ksh1,000 minimum monthly contribution and Ksh5,000 base interest-earning balance.

What Is the Cheapest DStv to Get in Kenya? (2024)

By

howafrica

-

May 3, 2024

DStv Kenya says it is the undisputed home of movies, local shows, sports, international and local news and safe kids’ entertainment, and looking at its package offerings to subscribers, you will agree that is pure truth!

The MultiChoice-Owned satellite television is best known for airing live sports, especially those of the world’s most popular football leagues like the Premier League, Germany’s “Federal League” Bundesliga, Spanish La Liga and competitive tournaments UEFA Champions League, Europa League, the FA Cup and more.

But it is not guaranteed that when you get a DStv decoder in Kenya, you will watch live sports because it all depends on the subscription tier which you will buy. DStv currently offers five packages: Lite, Access, Family, Compact, Compact Plus and Premium, and their prices have risen recently.

Which is the cheapest DStv package in Kenya right now?

Of the five DStv Packages in Kenya, Lite is the cheapest, going for Ksh700 per month. It raised from Ksh650 after a price review a month ago.

“We would like to inform you that MultiChoice will be adjusting some of its DStv subscription prices effective 1st April 2024,” a notice sent to DStv subscribers informing them of the hikes read without openly disclosing the reason.

As the cheapest package, Lite is its basic plan, and it comes with 51 channels for the best in news, sports, movies and TV shows:

What are the channels on the DStv Lite package 2024?

Here is the updated list of some of the channels you will access and watch when you subscribe to DStv Lite in Kenya;

1. Africa Magic Epic
2. Africa Magic Family
3. Africanews
4. Al Jazeera
5. BBC World News
6. Citi TV
7. Citizen TV
8. Disney Junior
9. E! Entertainment
10. Emmanuel TV
11. Eternal Word Television Network
12. etv News
13. ETV News 2
14. FAITH
15. Inooro TV
16. ISLAM CHANNEL
17. JimJam
18. K24
19. KASS TV
20. Kameme TV
21. KTN
22. KTN News
23. Maisha Magic East HD
24. Maisha Magic POA
25. NatGeo Wild
26. Newzroom Afrika
27. Nickelodeon
28. NTV
29. NTVU
30. Pearl Magic Loko
31. Plus TV Africa
32. Ramogi TV
33. Real Time
34. SBN
35. Safari TV
36. SS Blitz Africa
37. SS Variety 4
38. STN TV
39. TBC1
40. TRACE Mziki
41. TV47
42. TVE Tanzania
43. Ugandan Broadcasting Corporation
44. Wasafi TV
45. Weru TV
46. Y254
47. Zanzibar TV

Does DStv Lite show live football?

Yes. However, you cannot watch live football games from top leagues like EPL and Bundesliga because it only has two sports channels: SuperSport Blitz for the latest sports news, broadcast details, score updates and results, and SuperSport Variety 4, which mainly broadcasts South African National League called DStv Premiership, Nedbank Cup and Women’s Super League, among others.

The other packages show more games, but they are more expensive too. Access costs Ksh1,300 monthly, Family is Ksh2,000 per month, Compact is Ksh3,700, Compact Plus Ksh6,500 and Premium, the most costliest DStv subscription plan in Kenya, costs Ksh10,500/month after the price update for 2024.

All Absa Money Market Fund Details in Kenya (2024)

By

howafrica

-

May 3, 2024

All Absa Money Market Fund Details in Kenya (2024)

Absa Bank Kenya PLC is one of the largest banks in Kenya, with total assets exceeding 3.5 billion USD, and it has a lot of customers. For that, now, when the central bank rates are high and savings accounts lucrative, many are interested in knowing the rates of its money market fund, minimum deposit and how it works so they can invest and earn something.

In this article, we are going to talk about everything you should know about the Absa money market fund in 2024, which aims to give a higher return than a cash savings account, including how to get started:

First, you should know that Absa Bank offers two types of money market fund accounts – Absa Shilling Money Market Fund and Absa Dollar Money Market Fund but Kenyans are more familiar with the former (the shilling account) because of its convenience and ease of investing and accessing cash.

What is the Absa Shilling Money Market Fund?

Like all other money market funds in Kenya, the Absa Shilling Money Market Fund seeks a high current income while preserving capital and maintaining liquidity.

“The objective of the Fund is to generate interest income for an investor from a wide range of Kenya shilling-denominated short-term interest-bearing securities to meet both their short-term and long-term investment plans,” Absa Bank, formerly Barclays, says in the Fund’s Fact Sheet for September last year.

Starting in February of 2022, it is considered one of the lowest-risk investment options in the country’s financial market, investing in high-quality equity securities (e.g. shares) of companies that make up the benchmark index, commercial paper and government treasury bills.

Many investors prefer putting their cash in money market funds rather than in normal bank savings accounts because MMFs are stable, secure and pay enticing interest rates.

What is the current interest rate on the Absa money market?

Absa Bank Kenya PLC does not calculate the interest rates of its money market fund accounts based on balance tiers. That means your exact interest rate depends not on your account balance.

Today, the average Absa Shilling Money Market Fund rates fall between 8% APY and 10% APY, and to be exact, in March 2024, the nominal rate was 15.45% before deducting taxes and the 1.75% management fee, therefore becoming 9.22% Real Returns.

What is the minimum deposit for an Absa Bank money market account?

Absa Bank requires a minimum deposit to open the Absa Shilling Money Market Fund account and start investing. A minimum Ksh1,000 opening deposit is required, but afterwards, one can top up any amount while expanding your portfolio size.

How to open an Absa money market account in Kenya

You can sign up and start investing in any of the two Absa money market fund accounts by visiting their website, going to ‘Corporate and Investment,’ clicking on Absa Asset Management Limited and in the contact form, selecting Absa Shilling Fund and scrolling down to the contact form where you will fill it and wait for a call from Absa on how you will get the money market account.

What You Should Know about GenAfrica in Kenya

By

Justus Kiprono

-

May 1, 2024

What You Should Know about GenAfrica in Kenya

Towards the end of April, GenAfrica sparked national headlines in Kenya after announcing its financial results for the first quarter of the year, which indicated a strong capital position, especially for its money market fund, which started just in December 2022, whose sum of all current and non-current assets have grown to nearly Ksh1 billion, that is Ksh921 million, at the beginning of 2024.

After that, you might be among those asking what GenAfrica is doing in Kenya and well, here is the answer: GenAfrica is an asset manager and generally, businesses in asset management manage funds on behalf of individuals and companies, making well-timed investment decisions to grow their finances and portfolio.

When did GenAfrica start in Kenya?

GenAfrica Asset Managers entered the Kenyan financial market in 1996 but as Genesis Kenya before rebranding to GenAfrica.

At that time, it was managing roughly Ksh1 billion, which was a single offshore client fund, but with a commitment to managing its clients’ assets in the right way, as of June 2021, it said it had over $3 billion worth of investment funds in stocks, shares and bonds, commodities, equities and other financial products, both pension and non-pension funds after working with hundreds of companies, large institutional investors and individuals.

Since its inception, licensed by the Capital Markets Authority and the Retirement Benefits Authority, GenAfrica Asset Managers Limited has grown to be one of the fastest-growing and most promising mutual pension and investment providers, delivering key investment solutions for its clients through its financial services and products namely Pension Fund Management Milele Income Drawdown Fund, Wealth Management, Kivuli Fund, Scheme Training, Property Investment Advisory, Batian Property Fund and GenAfrica Unit Trust Fund that invests in low-risk securities government securities and fixed deposits with guaranteed steady returns.

Who owns GenAfrica Asset Managers Limited?

GenAfrica Asset Managers is owned by an independent investment management company called Kuramo Capital Management Limited, with offices in USA New York, Lagos in Nigeria and Nairobi, Kenya, which controls a 90.84 % share of the asset management firm.

The owner of Kuramo Capital Management Limited is Walé Adeosun, a renowned Nigerian businessman who was inducted into the New York Chapter of the National Association of Security Professionals Wall Street Hall of Fame in 2008.

Adeosun, the Chairman of the Nigeria Higher Education Foundation (NHEF), once served at former US President Barack Obama’s Advisory Council on Doing Business in Africa (PAC-DBIA).

Some of the companies that his Kuramo Capital Management has made direct investments in, aside from GenAfrica, include, in Nigeria, the depository system Central Securities Clearing System PLC, Crest Agro Products, DataGuard Document Management Limited, Green Africa Airways, biscuit manufacturer NAS Foods PLC in Ethiopia, Plantations et Huileries du Congo (PHC), the largest producer of palm oil in the DRC Democratic Republic of Congo, and financial operations and investments firms TransCentury and Sterling Capital Limited in Kenya, among others.

When Will Schools Open in Kenya for Term Two 2024?

By

Justus Kiprono

-

April 30, 2024

When Will Schools Open in Kenya for Term Two 2024?

If your child attends a primary or secondary school in Kenya, this April, they were on holiday after the schools closed for nearly a month break when the first term ended, and they were to re-open for second term studies on Monday, April 29, 2024.

For many parents, the days towards the initially set opening date were filled with school supply shopping, schedule planning, and otherwise preparation for the new term to come, but the Ministry of Education announced late that schedules are changing due to the inclement weather and the floods experienced in most parts of the country.

“In the face of ongoing heavy rains, the Ministry of Education last week directed its field officers to submit data from all basic education learning institutions countrywide to assist the government in assessing the readiness of the schools for second term opening on Monday, April 29, 2024,” it said, before stating the new opening day for primary and secondary schools in the country:

According to the Education Ministry, whose report came earlier before the dam that killed over 40 in Mai Mahiu happened after breaking bursting its walls and before a boat carrying 41 passengers capsized last evening in a flooded area within Kona Punda along Garissa-Madogo Road, just to show how the floods have affected many in the country, the reopening date have been pushed by a week to allow for schools to adequately prepare how students will learn amidst heavy rains that have claimed the lives of at least 71 people so far.

“Based on this assessment, the Ministry of Education has resolved to postpone the reopening of all primary and secondary schools by one week to Monday, May 6, 2024. In the meantime, the Ministry will work with relevant agencies and stakeholders to put in place measures to mitigate the adverse effects of the rains and provide regular updates on all developments as pertain to the education sector,” it stated.

That means that for the 2024 term two studies, Kenyan schools will be reopening on May 6, 2024.

How to Change Hospitals in NHIF in 2024

By

Justus Kiprono

-

April 30, 2024

Before the Social Health Insurance Fund (SHIF) becomes operational from July 1, 2024, when deductions to it will begin after all qualifying Kenyans get registered to the new state health protection scheme, the National Health Insurance Fund (NHIF) is still at work, and its members, who are ill, can still walk to hospitals accepting the government health insurance and get treated.

SHIF, a comprehensive health and medical cover, is looking to provide more improved universal healthcare, from community healthcare to hospital care, that is free at the point of need for all residents, which is why it is replacing NHIF.

But until then, today, we are seeing how, with your NHIF card, you can change the hospital listing to access medical services nearby because it is currently active and working:

How to change the hospital listing on your NHIF card

People change hospital listings on their insurance cards for many reasons ranging from their want for better services to location needs. Luckily, NHIF allows that, and its members can edit the hospitals to their preferred choices.

If you are wondering how you can change the hospitals on your NHIF card in 2024, here is the guide;

The guide applies to those on National Scheme Cover dubbed ‘The Supacover‘ in which members have a choice of selecting their desired NHIF outpatient hospitals they would like to be treated from a list of over 7,000 hospitals providing comprehensive packages for radiology, oncology, renal dialysis, surgery, maternity and more.

They are permitted to do so every quarter through the following steps;

Way 1: One can change their NHIF outpatient hospital listing manually on their phone using USSD *155#

Way 2: It is possible to change the NHIF hospitals at its self-help portal on the website online through these steps;

1. Visit selfcare.nhif.or.ke
2. Enter your ID number and click ‘Continue.’ You will receive a One-Time Password (OTP) on your registered phone number
3. Check your SMS inbox, enter the OTP and click ‘Verify’ to be redirected to your NHIF account’s dashboard
4. Choose ‘Facilities’
5. Go to ‘Change Outpatient Facility’
6. On the new page, you will see your listed hospitals, name, and membership number. Move to select your county and change to new preferred facilities in the dropdown menu
8. Click ‘Change Facility’ to apply the change

After a few minutes, you will receive feedback from NHIF that you have changed your outpatient hospitals successfully.

Alternatively, you can change your NHIF outpatient hospitals using the NHIF app available on Google Play Store and other leading app marketplaces.

When can one change NHIF Outpatient Hospital in 2024?

For all NHIF Supa Cover members, changing hospitals is possible every quarterly a year in March, June, September, and December. However, NHIF implements the new choice of facility biannually in January and July of every year.

Is Kenya Forest Service Under NPS?

By

Justus Kiprono

-

April 29, 2024

In most countries, law enforcement resources are an integral part of the overall management of forest systems, and that is no different in Kenya:

In Kenya, officers from the Kenya Forest Service (KFS) generally enforce provisions of the Forest Conservation and Management Act (FCMA), 2016, in which it draws its mandate, alongside other applicable laws and regulations governing existing forests and forest resources in both public and private lands.

The KFS officers have stations in national forest lands, and they are involved in managing designated forest and woodland areas, overseeing activities ranging from planting and harvesting of trees and conducting patrols to notice and combat pests and diseases, illegal logging, and prevent forest fires while responding to calls as they arise.

But there is one thing which usually confuses many Kenyans: Knowing if the Kenya Forest Service is part of the National Police Service (NPS) or not and the answer is below;

Is KFS part of the National Police Service in Kenya?

No. Even though the Kenya Forest Service (KFS) are maintainers of law and order in the forests, they are not part of the National Police Service (NPS) or, relatively, the Kenya Police. KFS is a state corporation, while NPS is not.

If you look at its leadership structure, the Inspector General of Police is not its head. As a government body corporate, KFS is headed by a Board of Directors of which the Inspector General is just a member.

It is also not under the Ministry of State for Interior and Coordination of National Government but the Ministry of Environment, Climate Change and Forestry in its State Department for Forestry under a Principal Secretary.

What are the functions of the Kenya Forest Service (KFS)?

According to the Kenyan Environmental Laws, the functions of the Kenya Forest Service include;

* Conserving, protecting and managing all public forests

* Preparing and implementing management plans for all public forests and assisting in managing community and private forests in consultation with the relevant owners

* Registering and maintaining a register of all forest management plans prepared for public forests in the country

* Receiving and considering applications for licenses and permits for exploiting forest resources

* Establishing and implementing benefit-sharing arrangements for forest resources among Kenyan communities

* Assisting county governments in building capacity in forestry and forest management

* In consultation with relevant stakeholders, develop programmes for tourism in the forest lands

* Promoting forestry education and training

Who are the current heads of forests in Kenya?

The head of forests in Kenya — Alex Lemarkoko – In the middle – Chief Conservator of Forests KFS.

As said, the Kenya Forest Service (KFS) is the state agency that manages national forests and grasslands in Kenya, and at its helm is a Board of Directors, which forms and sees the execution of policies aimed at improving the country’s forested lands.

The Directors of the KFS Board are led by a chairperson, a position currently occupied by Titus Kipkoech Kipkorir.

However, KFS itself has a senior management supervised by the highest-ranking officer in the Kenya Forest Service, which is the Chief Conservator.

The current Chief Conservator of Forests (CFF) in Kenya is Alexander Lemarkoko, who is serving as the CFF and Chief Executive Officer (CEO) of the Kenya Forest Service (KFS).

READ: The Difference Between Kenya Police and Administration Police

Nairobi Securities Exchange: Company Listings 2024

Is Airtel Kenya listed on NSE?

So, can one buy Airtel shares in Kenya?

Who can be a member of AMREF SACCO in Kenya?

What are the requirements for joining AMREF SACCO?

What are the benefits of being an AMREF SACCO member?

What are the savings accounts of AMREF SACCO and rates?

Which is the cheapest DStv package in Kenya right now?

What are the channels on the DStv Lite package 2024?

Does DStv Lite show live football?

What is the Absa Shilling Money Market Fund?

What is the current interest rate on the Absa money market?

What is the minimum deposit for an Absa Bank money market account?

How to open an Absa money market account in Kenya

When did GenAfrica start in Kenya?

Who owns GenAfrica Asset Managers Limited?

How to change the hospital listing on your NHIF card

When can one change NHIF Outpatient Hospital in 2024?

Is KFS part of the National Police Service in Kenya?

What are the functions of the Kenya Forest Service (KFS)?

Who are the current heads of forests in Kenya?

EVEN MORE NEWS

POPULAR CATEGORY