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Nairobi’s metropolitan area a ‘renters market’
This is according to a new report by Cytonn Real Estate that indicates interest rates as the contributing factor to low mortgage penetration/FILE NAIROBI, Kenya, Apr 25 – Nairobi’s Metropolitan area...
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KQ terms pilots’ 48-hour strike threat illegal
Meanwhile the Kenya Airways management has termed the strike notice illegal as it is in violation of the required minimum requirement o seven days notice according the Kenya law/FILE NAIROBI, Kenya,...
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Domestic tourism spurs Lamu County
Jambojet on Wednesday opened new offices in Lamu Island that will see passengers to and from Lamu County conveniently book their air tickets on the island/CFM BUSINESS NAIROBI, Kenya, Apr 29 – Domestic...
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Two KQ directors opt for leave after pilot row
The two are Director Corporate Quality, Safety, Security and Environment Alex Avedi and the Director, Flights Operations, Captain Paul Mwangi/FILE NAIROBI, Kenya, Apr 29 – Two directors at Kenya...
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800,000 jobs created as Kenya’s GDP grows 5.6pc
According to the Economic Survey 2016 released on Tuesday, the number of new jobs generated in the economy last year stood at 841,600 compared to 799,700 in the previous year/CFM NEWS NAIROBI, Kenya,...
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Mobile money interoperability inevitable – expert
In Kenya you will find people using specific networks for mobile money and another network for voice calls as well as Short Message Services/FILE NAIROBI, Kenya, Mar 4 – Economic experts are of the...
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Qatar Airways opens Premium Lounge at Dubai Airport
Presently, Qatar Airways flies 133 times weekly to Dubai’s two airports, with 15 flights daily from Doha to Dubai International Airport/COURTESY NAIROBI, Kenya, Mar 5 – Qatar Airways has opened a new...
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Value of new private buildings in Nairobi hit Sh68.1bn
The Economic Survey 2016 attributes the rise to increase in the value of residential buildings that rose by Sh8 billion in the period under review, compared to 2014/FILE NAIROBI, Kenya, May 4 – The...
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Insurance sector regulations to tighten
According to the report, diversification of revenue is key for profitability as insurance companies are largely unprofitable/FILE NAIROBI, Kenya, May 5 – Following recent turbulence in the banking...
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Hope for tourism as Kenya records improved summer travel bookings
NAIROBI, Kenya, May 6 – International flight bookings to Kenya have gone up by 27 percent for the summer season compared to this time last year according to the latest data from ForwardKeys, a travel...
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Poor governance at listed firms cost investors Sh246bn
These companies include Uchumi Supermarkets, Mumias Sugar, Kenya Airways, National Bank Kenya and TransCentury/FILE NAIROBI, Kenya, May 9 – Poor corporate governance has robbed listed firms’ investors...
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Multi-generation mortgages could be the answer to home ownership
Multi-generational mortgages are more popular in the United States, the United Kingdom with three or more generations living under the same roof. NAIROBI, Kenya, May 10 – A real estate expert is of...
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Equity Group posts Sh5.1bn net profit in Q1, 2016
Equity Group Chief Executive James Mwangi says 81 percent of loans came through mobile platform Equitel while the branch contributed to 19 percent of the loans disbursed during this first quarter/FILE...
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CMA approves Sh28.8bn KenGen Rights Issue
The firm intends to issue a total of 4.4billon shares, representing an entitlement ratio of two for every one share held, at a price of Sh6.55/FILE NAIROBI, Kenya, May 10 – Kenya Electricity Generating...
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IMF urges Kenya to bring down budget deficit
Kenya he said has also made remarkable progress in improving access of the population to financial services, including through mobile banking/FILE NAIROBI, Kenya, May 10 – International Monitory Fund...
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Xplico Insurance sued over Sh24mn motor repair debts
Xplico Insurance sued over Sh24mn motor repair debts/FILE NAIROBI, Kenya, May 11 – The Kenya Motor Repairers Association (Kemra) has sued Xplico Insurance Company over failure to pay debts amounting to...
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Use legal means in calling for electoral reforms – KEPSA
KEPSA Chief Executive Carole Kariuki has cautioned against forceful eviction of IEBC commissioners contravenes the law and will set a bad precedent, after CORD leader Raila Odinga vowed to continue...
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KEBS suspends permits for 369 water bottling firms
Among the suspended brands include Sparkle Natural clean water, The Village Springs, Mountain Mist, Amira , Mua Hills, Oasis Drop, Aqua Time, Meridian Mist, among others/FILE NAIROBI, Kenya, May 12 –...
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Airtel partners with Flickswitch in sim management services in Kenya
Airtel Kenya CEO Adil El Youssefi says the rapid growth of connected devices within many industries means that companies need to manage large numbers of SIMs/FILE NAIROBI, Kenya, May 12 – Airtel has...
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Davis and Shirtliff mulls entry into DRC market
The firm is already in Uganda, Tanzania, Rwanda, Zambia, Ethiopia and South Sudan and operates through a network of 48 branches, with 28 in Kenya/FILE NAIROBI, Kenya, May 13 – Davis and Shirtliff is...
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