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HomeDaily NewsMonday, May 18, 2026WPP ScanGroup Restructures Board After Shareholder Pressure - May 2026
Business & Economy3 stories from 1 sources

WPP ScanGroup Restructures Board After Shareholder Pressure - May 2026

WPP Scangroup has restructured its board by appointing three new non-executive directors and seeing three depart, amid significant shareholder pressure due to declining performance and investor value. Simultaneously, Kenya's creator economy is transitioning into a formal business sector but faces challenges from underdeveloped monetisation infrastructure and support systems. Additionally, Kenyan blockchain and fintech industry players are concerned that proposed regulations and taxes in the Finance Bill 2026 and draft VASP Regulations might favour large foreign companies over local startups, adding to the complex business environment.

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Monday 11:32 AMCapital BusinessFirst

WPP ScanGroup Restructures Board in Shadow of Shareholder Uproar

WPP ScanGroup Restructures Board in Shadow of Shareholder Uproar

WPP Scangroup has restructured its board, appointing three new non-executive directors and seeing three depart, amid significant shareholder pressure due to declining performance and investor value.

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Key Highlights

WPP Scangroup has restructured its board, appointing three new non-executive directors and seeing three depart, amid significant shareholder pressure due to declining performance and investor value.

  • WPP Scangroup reported a 16.3% drop in revenue to Sh2.04 billion and a net loss of Sh714 million in 2025.
  • The restructuring occurs as a shareholder group, led by former CEO Bharat Thakrar, seeks a general meeting to overhaul the board.
  • Share prices have fallen by approximately 62% since February 18, 2021.
Monday 11:37 AMCapital Business

Creator economy enters commercial phase as industry warns of monetisation gap

Creator economy enters commercial phase as industry warns of monetisation gap

Kenya's creator economy is transitioning into a formal business sector, but faces challenges from underdeveloped monetisation infrastructure and support systems.

Read Story

Key Highlights

Kenya's creator economy is transitioning into a formal business sector, but faces challenges from underdeveloped monetisation infrastructure and support systems.

  • Key concerns raised at the International Creator Day and Click Awards 2026 in Nairobi include a monetisation gap and fragmentation in support systems.
  • Teki CEO Martin Muli highlighted that the industry's evolution is outpacing the development of scaling and sustaining infrastructure.
  • Safaricom, a sponsor, noted that authenticity and audience understanding are crucial for creators to translate influence into substantial income.
Monday 11:41 AMCapital Business

Blockchain Players Warn New Rules Could Favour Foreign Giants

Blockchain Players Warn New Rules Could Favour Foreign Giants

Kenyan blockchain and fintech industry players are concerned that proposed regulations and taxes in the Finance Bill 2026 and draft VASP Regulations might favour large foreign companies over local startups.

Read Story

Key Highlights

Kenyan blockchain and fintech industry players are concerned that proposed regulations and taxes in the Finance Bill 2026 and draft VASP Regulations might favour large foreign companies over local startups.

  • Industry leaders warn that high capital requirements and unclear tax structures could disadvantage Kenyan startups.
  • Key figures like Felix Macharia (CEO of Kotani) and Kevin Kigima of Yogupay voiced these concerns at the Kenya Blockchain and Crypto Conference in Nairobi.
  • Proposed measures include stricter reporting to the Kenya Revenue Authority (KRA), new licensing and compliance requirements, and potential VAT on merchant services, which could increase costs for consumers and stifle innovation.
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