By BRIAN NGUGIMore by this AuthorNation Media Group (NMG) shareholders are set to earn Sh942.7 million after the company declared a dividend of Sh5 per share for the year ended December 31, 2018. ADVERTISING DEBTDuring the period, the Government Advertising Agency (GAA) and counties owed NMG about Sh1.2 billion in unpaid advertisement debt. However, Mr Kiboro expressed confidence that the group would post a stronger performance this year, on the back of new and diversified revenue streams and an improved operating environment. “Profit is not what drives the Nation Media Group,” said Mr Kiboro. NMG chief executive Stephen Gitagama said a diversified business strategy would win the NMG new advertising revenue and shore up the company’s growth.

Source: Daily Nation April 17, 2019 18:44 UTC