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Kenyan family businesses struggling with succession plans
This is according to a new report by PriceWaterhouseCoopers (PwC) Kenya that indicates little change from 23 percent in 2014/FILE NAIROBI, Kenya, Nov 30 – Only 24 percent of Kenya family business...
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Kenya’s inflation up to 6.68pc in November
The Kenya National Bureau of Statistics (KNBS) said in a statement that on a month-on-month basis, the inflation went up by 0.71 percent, compared with Octobers’ 0.62 percent/FILE NAIROBI, Kenya, Nov...
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KenGen to invest Sh800bn in green energy projects
KenGen MD and CEO Albert Mugo, said the additional capacity was in line with the government’s efforts to make power accessible and affordable/FILE NAIROBI, Kenya, Dec 1 – The Kenya Electricity...
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How cut in OPEC oil production will impact Kenya
OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years that has seen an immediate impact in prices that gained as much as 10 percent in...
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CMA most innovative 2016 regulator in Africa
CMA Chief Executive, Paul Muthaura observed that the award was recognition of the efforts by the CMA to position Kenya’s capital markets as an investment destination of choice for domestic, regional,...
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SGR civil works 98pc complete
Kenya Railways Corporation (KR) Managing Director Atanus Maina said they are doing finishing works with test runs expected to start in January/FILE NAIROBI, Kenya, Dec 2 – Construction of Civil Works...
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KQ technical staff go-slow grounds flights
The strike has caused delays and cancellation of flights with passengers stranded at the Jomo Kenyatta International Airport (JKIA). /FILE NAIROBI, Kenya, Dec 5 – Kenya Airways (KQ) technical...
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Uchumi ex-CFO contests CMA’s decision to bar him from working in a listed firm
Okumu was sent packing alongside Chief Executive Officer Jonathan Ciano for “gross misconduct and gross negligence/FILE NAIROBI, Kenya, Dec 5 – Former Uchumi Supermarkets Chief Finance Officer Chadwick...
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Safaricom’s Sh4.3Bn Machakos real-estate project to open in 6 months
NAIROBI, Kenya, Dec 6 – Safaricom Pension Scheme’s real estate development, dubbed Crystal Rivers is set to open in six months. The development is being put up at a cost of 4.3 billion in Machakos...
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US-based equity fund buys 15 pc of Jamii Bora Bank
Jamii Bora Chief Executive Officer Sam Kimani says Equator Capital’s international background and exposure will be of benefit to the bank in reinforcing its corporate governance structures/FILE...
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Kenya Bureau of Standards to roll out anti-smuggling campaign
KEBS has issued instructions to all supermarkets not to stock imported products that do not have an import standardization mark/FILE NAIROBI, Kenya, Dec 7 – Kenya Bureau of Standards Managing Director...
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US collaborating with Kenya on six new energy projects
The six projects will add a total of 361 Megawatts Kenya energy productions/FILE NAIROBI, Kenya, Dec 8 – The United States (US) is collaborating with Kenya on additional six new energy projects...
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Judges selection pave way for Chivas Regal social enterprise contest in Kenya
Chivas Regal has just completed the selection of the judges who will oversee the Kenyan chapter of the global competition dubbed The Venture/FILE NAIROBI, Kenya, Dec 8 – Are you a social entrepreneur?...
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Currencies priced on a US fed rate hike ahead of decision
US Federal Reserve Chair Janet Yellen in recent months has signaled that the case for raising rates has grown stronger/AFP-File NAIROBI, Kenya, Nov 13 – The US Federal Reserve’s Open Market Committee...
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Liquid Telecom acquires Tanzania’s leading ISP
Nic Rudnick, CEO, Liquid Telecom, says the agreement enables Liquid Telecom to expand its footprint into Tanzania, a growing and dynamic African country. NAIROBI, Kenya, Dec 14 – Liquid Telecom has...
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Cost of petrol drops marginally by 47 cents in December review
In Nairobi, diesel has gone up by Sh5.05 to Sh87.22 while kerosene went up by Sh1.40 to Sh63.56 per litre/FILE NAIROBI, Kenya, Dec 14 – The Energy Regulatory Commission (ERC) has reduced the price of...
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Kirubi joins Harvard’s Africa Advisory Board
Kirubi joins the Board which brings together business people, entrepreneurs, public servants, academic leaders, and cultural figures to help the Center for African Studies determine research...
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Concealed milk powder, garments intercepted at Port of Mombasa
Out of the 24 Containers, 21 contained new garments and shoes disguised as cold rooms being imported by horticultural farms/CFM BUSINESS NAIROBI, Kenya, Dec 15 – Kenya Revenue Authority (KRA) has...
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Continuous training in technical skills necessary for SME growth
Banks and micro-finance operators are encouraged to offer adequate training to borrowers which could help mitigate non-performing loans. NAIROBI, Kenya, Dec 16 – Inadequate business skills, in...
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Capped rates bites bank’s bottom line with full effect felt in October
Data released by the Central Bank of Kenya shows banks made a profit of Sh10.9 billion in September, but dropped to Sh9.3 billion in October NAIROBI, Kenya, Dec 16 – Commercial Banks felt the full...
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