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23 KRA staff prosecuted over port fraud in last 12 months
Njiraini says another 30 individuals cases are awaiting prosecution approval by the Director of Public Prosecutions/FILE NAIROBI, Kenya, Oct 28 – Over 23 Kenya Revenue Authority staff have been...
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Muia takes over from Mugo Kibati as Vision 2030 DG
Muia has previously served as the Chief Operating Officer at Housing Finance, head of finance in Unga Group and Lonrho Hotels as well as Auditor with PriceWaterhouse NAIROBI, Kenya, Nov 1 – President...
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Kenyan Banks turn to digital banking amidst layoffs
Pan-African lender Ecobank has announced it will close nine branches, out of its 29 branches, over the next seven months. The bank is also in the process of selling its head office building in Nairobi....
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Kenya risks not getting return on infrastructure investments – WB
According to the report, total factor of productivity has stagnated at about 1.1 per cent with projections indicating a decline to about 0.5 per cent. NAIROBI, Kenya, Nov 1 – Even as Kenya continues to...
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Nonperforming loans for real estate, household rise highest to Sh12bn
The spike, according to the World Bank, can be attributed to changes made by CBK in accounting guidelines to banks./FILE NAIROBI, Kenya, Nov 1 – Creditors from the Real Estate and Household defaulted...
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Equitel now issuing loans 10 times more than branches
CEO James Mwangi revealed that on average, 40 per cent of the applicants qualify to get the loans, with three-quarters of the applicants coming from the SME sector. NAIROBI, Kenya, Nov 3 – Equity...
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Kenya Re’s appetite moves to Zambia
Managing Director Jadiah Mwarania said the firm anticipates great success and growth especially tapping the new Zambia Government trade strategy for local and international investment. NAIROBI, Kenya,...
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Ngunze to stay on as KQ CEO after talks with pilots association
NAIROBI, Kenya, Nov 4 – Kenya Airways Chief Executive Officer Mbuvi Nguze will continue serving as the CEO in a new strategic direction announced by the Michael Joseph, the incoming Chairman of the...
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Ngunze to spearhead KQ loan repayment renegotiations
Kenya Airways CEO Mbuvi Ngunze briefing the press on the new strategic direction on Friday/MOSES MUOKI NAIROBI, Kenya. Nov 5 – Kenya Airways has planned to renegotiate its loans with its lenders as...
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Legendary Safaricom CEO optimistic he can turn Kenya Airways’ fortunes around
Kenya Airways Chairman Michael Joseph briefing the press on Friday/MOSES MUOKI NAIROBI, Kenya, Nov 6 – Former Safaricom Chief Executive Officer Michael Joseph has vowed to maintain his legacy as he...
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70 companies eye new deals at India-Kenya engineering expo
The companies will be seeking to set up shop in Kenya as well as joint ventures with other companies and investors in the country. NAIROBI, Kenya, Nov 8 – Millions of shillings worth of deals are...
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Apartment sales account for over half of home buys in Q3
During the July – September period, the average house prices recorded 2.2 per cent growth signifying sustenance of the upward trajectory./ FILE NAIROBI, Kenya, Nov 8 – Apartments accounted for the...
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Loan interest income lifts KCB 9-month profit to Sh15.9bn
Joshua Oigara, KCB CEO /File NAIROBI, Kenya, Nov 8 – Kenya Commercial Bank’s net interest income grew by 33 percent to push the bank’s total income to nearly Sh50 billion in the third quarter of 2016....
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Shilling holds steady post US Presidential results
NAIROBI, Kenya, Nov 9 – The Kenya shilling has held steady on Wednesday trading session amidst market anxiety as Donald Trump clinched the United States President bid. The Kenya currency remained...
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CA slashes broadcast fees by up to 60 percent
CA Director General Francis Wangusi said the cost-modelling would ensure that the tariffs arrived at give Signal Distributors a reasonable return on their investment./ FILE NAIROBI, Kenya, Nov 9 –...
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Work on expansion of KICC to begin by early 2017
An aerial view of the Kenyatta International Convention Centre/FILE NAIROBI, Kenya, Nov 10 – The expansion of the Kenyatta International Convention Centre (KICC) is set to begin in the first quarter of...
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Horticulture export boost places greater pressure on Kenya for EU deal
Flowers from Kenya/FILE NAIROBI, Kenya, Nov 10 – The export value of Kenya’s horticultural produce has gone up by 19 per cent in the nine months ended September according to the Kenya National Bureau...
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East African Portland reports operating losses for third year running
Blue Triangle cement is a product of EAPCC/ FILE NAIROBI, Kenya, Nov 11 – East Africa Portland Cement (EAPCC) has released it delayed full year results for the period ending June 2016 marking the third...
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I am no Donald Trump, no interest in politics – Kirubi
Brand Kenya Chairman Dr Chris Kirubi/FILE NAIROBI, Kenya, Nov 11 — Business Mogul Chris Kirubi now says he is not interested in Politics in response to queries by the public. The queries follow the...
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Smallholder farming key to cotton industry revival, says CS Bett
Cotton production in Kenya currently stands at 4,000 metric tons of lint while the spinning capacity demand is about 10,000 metric tons of lint. NAIROBI, Kenya, Nov 14 – Cabinet Secretary for...
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