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Nokia launches Android smartphone in Kenya
Nokia East Africa General Manager Bruce Howe said there was increasing demand for affordable smartphones in the market with the devices commanding a 40 percent market share/FILENAIROBI, Kenya, Mar 13 –...
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KRA targets beer, water with new excise stamps
KRA Commissioner General John Njiraini says this is aimed at ridding the market of sub-standard goods and curb tax evasion. Photo/FILE NAIROBI, Kenya Mar 14 – The Kenya Revenue Authority (KRA) is set...
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Govt plans start-up fund with private sector
Information, Communication and Technology Cabinet Secretary Fred Matiang’i’ says they are preparing to hold a national consultative forum with venture capitalist and financial institutions/FILENAIROBI,...
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Crown paints in Sh100mn county expansion
The firm will spend Sh100mn in expansion/CFMNAIROBI, Kenya Mar 17 – Crown Paints is set to invest Sh100 million to open five more showrooms countrywide. Crown Paints Kenya Chief Executive Officer...
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Standard Chartered makes Islamic banking foray
Standard Chartered Bank’s Global Head of Islamic Banking Wasim Saif says with the population of Muslims being 10 percent in the country Islamic banking could grow to a double digit number in the next...
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Coop after-tax profit rises 18pc to Sh9.1bn
Profit before tax stood at Sh10.87 billion in the year under review from Sh9.98 billion recorded for the same period in 2012/FILENAIROBI, Kenya, Mar 19 – Cooperative Bank Group has reported an 18...
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Kenyans’ quest for financial advice grows
The study indicates that 86 percent of Kenyan customers want banks to provide them with plans that will assist them reach their financial goals and help them invest for their financial...
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Extra power lines to serve large consumers
The move will help manufacturers, industries and other major users of electricity continue with their business operations with minimum interruptions /FILENAIROBI, Kenya, Mar 20 – Kenya Power is set to...
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MasterCard, Jamii Bora enhance electronic payments
Jamii Bora Bank Chief Executive Officer Samuel Kimani says the collaboration with MasterCard is a positive step as the bank aims to continue to provide its customers with customized, relevant products...
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Government seeks coal power plant investors
The Ministry of Energy and Petroleum says the investor will be involved in developing the plant and selling power under a Power Purchase Agreement/XINHUA FILENAIROBI, Kenya Mar 20 – The government is...
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Ethiopian trade delegation due in Kenya Tuesday
Kenya Association of Manufactures (KAM) Chief Executive Officer Betty Maina says the businessmen will arrive on Tuesday for a three day visit that will include tours to key value addition facilities in...
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Equity begins online money transfers from UK
Mwangi says this will increase Diaspora remittances to Kenya due to the reduction of money transfer costs and reduction of time for the transfer/FILENAIROBI, Kenya, Mar 24 – Equity Bank has partnered...
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Family Bank profit soars 122pc to Sh1.2bn
Family Bank Chief Executive Officer Peter Munyiri says the performance is attributed to decrease in interest expenses as a result of capital injection by the shareholders and intensified debt...
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Kenya tea exports rose in 2013
According to Tea Board of Kenya statistics, exports earnings rose by 2 percent from Sh112.2 billion in 2012 to Sh114.4 billion recorded in 2013/FILENAIROBI, Kenya, Mar 27 – Kenya tea export volumes for...
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March 31 chip deadline on, says bankers association
KBA Chief Executive Officer (CEO) Habil Olaka told Capital FM Business the current magnetic strip cards have been blamed for rampant fraud in Kenya’s vibrant financial sector/FILENAIROBI, Kenya, Mar 27...
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Low fares here for the long haul – Jambo Jet
The airline’s Chief Executive Officer Willem Hondius said he is working on maintaining the fares through driving costs down that include flying one aircraft type/FILENAIROBI, Kenya, Mar 28 – Kenya...
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Kenya’s inflation eases to 6.27pc in March
A kilogram of beans went up by 2.97 percent to Sh100.89 from Sh97.98 while a kg of sugar reduced by 1.98 percent to Sh109.89 from Sh112.12 in February/XINHUA-FileNAIROBI, Kenya, Mar 31 – Kenya’s...
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3mn energy saving bulbs to be issued in Kenya
Kenya Power is in the process of seeking for a technical consultant to assist in executing the project after which the tendering process will begin in June this year/XINHUA-FileNAIROBI, Kenya, Mar 31 –...
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Slow pace of Nairobi housing construction ‘worrying’
Construction of new houses is growing at 7.5 percent of government targets with only 15,000 new units in 2013 against a target of 200,000 housing builds a year in the city. Photo/XINHUA NAIROBI, Kenya,...
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National Oil seeks to grow LPG market
National Oil’s General Manager in-charge of Finance and Administration Kamau Mugenda said the project which is slated to be completed in July this year will eliminate reliance on hospitality storage...
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