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Interswitch, Paynet announce merger
Interswitch will acquire a majority shareholding in Paynet Group that will see Paynet’s existing shareholders become shareholders of the Interswitch Group/CFMNAIROBI, Kenya, Sept 17 – Interswitch...
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Uchumi repays the Sh627mn loan from government
Speaking while issuing the cheque to the Treasury, Uchumi Chief Executive Officer Jonathan Ciano said the company will issue 100 million shares in October to finance its expansion plans/FILE NAIROBI,...
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South Korean investors keen on LAPSSET project
The delegation from Lamu Port South Sudan Ethiopia Transport (LAPSSET) Corridor Projects Corridor Development Authority held a series of meetings with the investors to discuss prospects and how to...
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Ngunze to take over at KQ earlier than planned
Ngunze was initially set to take over from Titus Naikuni in December/FILENAIROBI, Kenya, Sept 22 – Mbuvi Ngunze will take over as Kenya Airways Chief Executive Officer on November 1, 2014, a month...
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East Africa to market joint visa at Japan fair
KTB Managing Director Muriithi Ndegwa Japan has tremendous growth potential given that 16.5 million Japanese engage in outbound travel annually/fileNAIROBI, Kenya, Sept 22 – Kenya will join Uganda and...
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CMA approves NIC Bank Sh2.1bn Rights Issue
The banks expects to raise Sh2.1 billion in the Rights Issue that will open on October 23 and close on November 17/FILENAIROBI, Kenya, Sept 23 – The Capital Markets Authority (CMA) has approved a...
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KQ receives fifth Boeing 787 Dreamliner
Delivery of the fifth B787 Dreamliner brings to 38 the airline’s total number of aircraft in active operations/CFM BUSINESSNAIROBI, Kenya, Sept 24 – Kenya Airways on Wednesday received its fifth B787...
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Wyndham Hotel Group enters Kenyan market
Wyndham Hotel Group’s Regional Vice President for the Middle East and Africa Bani Haddad said as Kenya’s economy continues to grow, demand continues to increase for internationally renowned,...
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Eveready shutting Nakuru plant over cheap imports
The firm’s Managing Director Jackson Mutua says instead, the company plans to outsource from their partners in Egypt/cfmThe firm’s Managing Director Jackson Mutua says instead, the company plans to...
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Kenya moves to lower middle income status
According to economic experts the move will see Kenya’s credit metrics appear more positive as public debt ratio will be measured as a percentage of larger GDP making it decline/FILENAIROBI Kenya Sept...
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DHL launches parcel-copter for faster delivery
DHL Express Kenya Marketing & Communication Manager Ms Lilian Kanyi and Service Point Supervisor, Mr Trevor Otieno present one of their customers Ms Alima Tahir Nasur with a surprise gift at the...
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Andrew Wachira appointed acting NSE boss
Commenting on the appointment, NSE Chairman Eddy Njoroge said Wachira has been instrumental in the implementation of a number of key initiatives at the Exchange/CFM BUSINESSNAIROBI, Kenya, Oct 1 –...
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Visa to launch an EMV chip awareness campaign
The Visa Chip and Pin campaign seeks to encourage consumers to use their EMV chip cards which are safer from counterfeit and fraud activities/XINHUA FILENAIROBI, Kenya Oct 1 – Visa is set to launch a...
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NBK in Sh1bn Diaspora mortgage deals
NAIROBI, Kenya, Oct 1 – The National Bank of Kenya (NBK) has sealed mortgage deals worth Sh1 billion at the Diaspora Investment Expo held in August in New Jersey, United States of America. NBK...
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Barclays Africa wins prestigious cash house award
Barclays Africa received the award for the first time in Botswana, Ghana, Kenya, South Africa, Zambia and Zimbabwe NAIROBI, Kenya, Oct 2 – Barclays Africa has won the best Domestic Cash Management...
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Safaricom forced to suspend new lower Rwanda rates
Safaricom had revised the tariff downwards to Sh10 per minute for its customers to make calls to Rwanda and vice versa. NAIROBI, Kenya, Oct 2 – Safaricom has suspended new international and roaming...
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Audit rates transport, infrastructure sector poorly
The National Brand Audit indicates that 59 percent of both local and international investors say that the transport infrastructure is the worst performing indicator/FILENAIROBI, Kenya, Oct 2 – A new...
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Cheap loans for Taita Taveta livestock farmers
CB Foundation will provide interest free loans to cooperatives in the dairy, meat and fish value chains for value addition, market expansion, health, nutrition and breed improvement...
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Bertilaccio named Fairmont Kenya hotels boss
Bertilaccio will be responsible for the performance and operations of three iconic Kenyan hotels, which collectively includes 290 guestrooms and suites, 51 luxury tents, and over 10 food and beverage...
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Is EU to blame for failed EPAs talks?
Kenyan exports to the EU are now attracting heavy duty NAIROBI, Kenya, Oct 4 – It is now emerging that the European Union (EU) may be to blame for the failed Economic Partnership Agreements (EPAs)...
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