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Govt to digitise all payments – Ruto
NAIROBI, Kenya, Feb 6 – Deputy President William Ruto says the government will digitize all its payment systems as it seeks to enhance efficiency. Ruto said the plan to phase out cash payments should...
View ArticleMetropolitan Life merges with Cannon Assurance
NAIROBI, Kenya, Feb 10 – Metropolitan Life Kenya has merged its operations with Cannon Assurance Limited and will now be called MetropolitanCannon as they seek to increase their market share in the...
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70 Indian firms seek opportunities in Kenya
The companies will be seeking to set up shop in Kenya as well as joint ventures with other companies and investors in the country/FILENAIROBI, Kenya Feb 10 – Seventy companies from India are expected...
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CMC Holdings de-listed from NSE after Al -Futtaim buyout
The de-listing follows a successful buyout of the company by Dubai based Al-Futtaim Group as well as approval of the delisting by Capital Markets Authority/FILENAIROBI, Kenya, Feb 12 – CMC Holdings has...
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Seven things budding entrepreneurs need to know – Eric Kinoti
Eric Kinoti is the proprietor of Shades System East Africa – a company that manufactures and supplies tents, as well as Safi Sana home Cleaning Services/CFM So you want to start a business because you...
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Equity Group lists on the Rwanda bourse
The Group has banking operations in five countries – Rwanda ,Kenya, Uganda, South Sudan and Tanzania/CFMNAIROBI, Kenya Feb 12 – Equity Group Holdings has cross listed its 3.7 billion shares at the...
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EABL gets high on impressive half year results
The management attributed the growth to double digit growth in spirits, premium beer and Ready-to-Drink and improved performance in Tanzania and the export markets/FILENAIROBI, Kenya Feb 12 – East...
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Olkaria power to save Kenya Sh25bn annually
KenGen Chief Executive Officer Albert Mugo says the country will save Sh2.2 billion a month by displacing the expensive thermal electricity generators that use costly fossil fuels in favour of the...
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TPS in 25pc profit warning drop in 2014 earnings
The company attributed the expected fall in profit to a challenging environment in Kenya caused by travel advisories issued by key source markets and insecurity concerns/FILENAIROBI, Kenya, Feb 17 –...
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Treasury to monitor state spending electronically
The system will give the Cabinet and Principal Secretaries access to a real time summary of the expenditure made by all state agencies and enable measuring of budget performance against work...
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Tanzania’s Kikwete takes over EAC chairmanship
Kikwete said there is need to eliminate non-tariff barriers to intra-community trade/PSCUNAIROBI, Kenya Feb 20 – Tanzania President Jakaya Kikwete has officially taken over the chairmanship of the East...
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Equity launches prepaid card with Mastercard
Holders of the Equity prepaid card will also be able to use the card to pay their fare in trains, buses and taxis in Kenya and while travelling abroad/FILENAIROBI, Kenya, Feb 23 – Equity Bank Kenya has...
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100 Chinese tour operators to visit Kenya
The visit follows a successful collaborative promotion between the Kenya Tourism Board (KTB) and Kenya’s Embassy in China held early this year/fileNAIROBI, Kenya, Feb 24 – Top managers of over 100...
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NIC Bank opens new leasing subsidiary
NIC Bank Group Managing Director John Gachora said the move to set up the new subsidiary fits into the bank’s aggressive growth strategy, especially in the asset finance space, which has become very...
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4 business opportunities provided by digital migration
Digital migration has been the talk of the country since the four television stations Citizen, NTV, QTV and KTN remain off air, after their analogue transmitters were switched off. But even with the...
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All eyes on MPC meeting as CBK Governor exits
Commercial Bank of Africa (CBA) Treasury Dealer Joshua Anene says cautious trading continues to be driving the market with players waiting on the sidelines ahead of the MPC meeting/FILENAIROBI, Kenya,...
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Kipchumba Tanui appointed KoTDA boss
Tanui takes over from Catherine Adeya-Weya who exited the authority at the end of January after her tenure ended/MIKE KARIUKINAIROBI, Kenya, Feb 26 – John Kipchumba Tanui has been appointed the Chief...
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KCB posts Sh16.8bn net profit in 2014
The bank’s loan book grew to Sh283.7 billion from Sh227.7 billion resulting in an eight percent increase in interest income to Sh35.9 billion/FILENAIROBI, Kenya, Feb 26 – The Kenya Commercial Bank...
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Kenya emerges 3rd in global top 20 fastest growing economies
Kenya and Nigerian are the only African countries that have made it to the list/FILENAIROBI, Kenya, Feb 26 – Kenya has emerged third in the top 20 fastest growing economies in the world in 2015...
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EAPCC half-year loss cements at Sh67.8m
The loss is attributable to a seven percent drop in sales volumes, owing to a major maintenance shutdown on its packaging and clinker production lines in the second quarter. NAIROBI, Kenya, Mar 2 –...
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