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CBK reassures market amid Brexit effect fears
He says Central Bank Governors from around the world have pledged to cooperate closely and take necessary action to ensure the orderly functioning of the financial markets/XINHUA-File NAIROBI, Kenya,...
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Uhuru seeks more destinations for KQ in Botswana
The Kenyan leader also urged his counterpart President Ian Khama for his support to inspire the Botswana business community to exploit the existing investment opportunities in Kenya/PSCU GABORONE,...
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1.2mn Kenyans file iTax returns as June 30 deadlines looms
Kenya Revenue Authority (KRA) acting Domestic Taxes Commissioner Benson Korongo says the system has been receiving approximately 70, 000 returns daily/FILE NAIROBI, Kenya, Jun 28 – About 1.2 million...
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EA private equity deals to go up in 2016 – report
In 2016 the economy is projected to expand by 6 percent, according to National Treasury Cabinet Secretary Henry Rotich/FILE NAIROBI, Kenya, Jun 28 – Private equity deal activity in East Africa is...
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KenGen needs Sh1tr to install 2.5GW in next 10 years
The firm is currently raising Sh28.8 billion through a Rights Issue with the government already taking up three million shares valued at Sh20.2billion/FILE NAIROBI, Kenya, Jun 28 – The Kenya...
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CA to connect 1,000 secondary schools with broadband
CA Director General Francis Wangusi says this is part of the Authority’s agenda to improve broadband connectivity in the country/FILE NAIROBI, Kenya, Jun 29 – The Communications Authority of Kenya (CA)...
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Tourism most improved as Kenya economy grows 5.9pc in Q1 2016
This is an increase compared to 5 percent growth of the same period in 2015/FILE NAIROBI, Kenya, Jun 30 – The Kenya economy grew by 5.9 percent in the first quarter of 2016 with tourism being the most...
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Sateesh Kamath takes over from Tombleson as Safaricom CFO
The firm has appointed Sateesh Kamath as its Chief Financial Officer (CFO) and Executive Board Member of Safaricom Limited effective August 1, 2016/FILE NAIROBI, Kenya, Jul 1 – Safaricom Chief Finance...
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Govt sets aside Sh2.4bn for remaining coffee debts
The debt waiver is meant to help the coffee societies put their balance sheets in order/FILE NAIROBI, Kenya, Jul 3 – The government has set aside Sh2.4 billion in the 2016/17 year to cater for the...
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Normalcy returns in tea sector as union strikes deal with KTGA
The meeting was convened by Labour Cabinet Secretary Phyllis Kandie in the presence of Cabinet Secretary, Ministry of Agriculture, Livestock and Fisheries Willy Bett/FILE NAIROBI, Kenya, Jul 5 – The...
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Jamii Bora to raise Sh3.8bn capital by year end
The bank says Sh3 billion will be injected from strategic investors while the rest will be raised through a Rights Issue/FILE NAIROBI, Kenya, Jul 5 – Jamii Bora Bank Limited plans to raise Sh3.8...
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Equity Group to introduce Equitel in regional markets
Equity Group Chief Executive Officer James Mwangi says mobile devices have become the delivery terminal of choice/FILE NAIROBI, Kenya, Jul 5 – Equity Group plans to introduce its mobile platform...
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KenGen new shares lists on NSE
KenGen is the leading electric power generation company in Kenya, producing about 80 percent of electricity consumed in the country/COURTESY- KENGEN NAIROBI, Kenya, Jul 6 – The Kenya Electricity...
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Vision 2030 on course, says Delivery Board
“Over the first two MTPs, the country has set the foundation for the proper take off of other projects across the three Vision 2030 pillars, having largely focused on projects that are enablers,”...
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Toyota to assemble more car models locally
He said the firm is also looking into the prospects of limited manufacturing of motoring components/XINHUA-File NAIROBI, Kenya, Jul 6 – Toyota Kenya has plans to assemble more car models locally in the...
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Reality hits home as KQ announces lay off of 80 employees
KQ announced that it would be letting go of 80 employees to start with/FILE NAIROBI, Kenya, Jul 8 – National Carrier Kenya Airways announced that it would lay off 80 of its employees in the first...
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Ex-Hino GM takes over as CMC MD
The move comes at a time when the firm is re-positioning itself in the Kenyan market targeting government business/COURTESY NAIROBI, Kenya, Jul 9 – CMC Motors Holding Board of Directors has appointed...
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Kenya retail sector loses Sh5bn annually to shoplifting – report
The report dubbed Kenya Real Estate Sector Analysis 2016 indicates that the key challenge facing the industry is pilferage/FILE NAIROBI, Kenya, Jul 11 – Kenya’s retail sector is losing about Sh5...
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Norwegian appointed to head Kenya Airports Authority
NAIROBI, Kenya, 12 Jul – Norwegian Jonny Andersen has been appointed the New Managing Director of the Kenya Airports Authority effective immediately. Making the announcement KAA New Chairperson...
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Catherine Mturi-Wairi appointed as Kenya Ports Authority MD
Wairi has been serving as the Acting Managing Director of KPA since February this year/FILE NAIROBI, Kenya, Jul 12 – Catherine Mturi-Wairi has been appointed as the Kenya Ports Authority (KPA) Managing...
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