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Toyota appoints first Kenyan as Country Manager
NAIROBI, Kenya Jul 7 – The board of Toyota Kenya Limited has appointed Arvinder Singh Reel as its new Managing Director effective June 1st, 2017. The appointment of Reel is the first Kenyan...
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Longhorn announces job cuts in new restructuring plan
Speaking to Capital FM Business, Group Managing Director Simon Ngigi says the process has been necessitated by the emerging challenges affecting the publishing industry in the markets they operate that...
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Uchumi Supermarket secures investor to pump in Sh3.5Bn
Uchumi Chief Executive Julius Kipngetich says the supermarket will turn a new leaf in 90 days/FILE NAIROBI, Kenya, Jul 11 – Uchumi Supermarket has finally clinched a strategic investor in a deal that...
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Managed agribusiness model takes off with remote farmers
NAIROBI, Kenya, Jul 4 – The WealthSmith, a Kenyan real estate, and agribusiness company, has launched an agribusiness opportunity for investors seeking to invest in the farming business. The new...
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CBK reviewing bank’s revised business plans
“Banks need to do better in their business model. We are already working with them and they need to do better in terms of loans so that they are more risk-based,” said Dr. Njoroge/FILE NAIROBI, Kenya,...
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‘You are not James Bond’ KCAA warns Kenyans to keep off from choppers
Through the campaign dubbed #TuwacheUshamba the authority urged Kenyans to stay far away from choppers that are ascending or descending./FILE NAIROBI, Kenya, Jul 13 – “You are not James Bond,” Kenya...
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Sanlam to merge its investment entities following PineBridge acquisition
Sanlam Group owns Sanlam Kenya that is listed on the Nairobi Securities Limited and has an investment arm. NAIROBI, Kenya, Jul 13 – Sanlam Group is set to merge its investment entities following the...
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Petrol down by Sh1.64 in July fuel review, diesel and kerosene shed off Sh2
ERC says the move follows the decrease in landed costs of imported fuel in June./FILE NAIROBI, Kenya, Jul 14 – Fuel prices have reduced marginally in the latest Energy Regulatory Commission price...
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SportPesa enters Italy market through majority acquisition of RCS Gaming
RCS Gaming will rebrand GazzaBet to SportPesa. Italy is the biggest sports betting market in Europe. NAIROBI, Kenya, Jul 17 – Kenya’s gaming firm SportPesa has entered the Italian market by acquiring...
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Compromised land records cost Optiven four real estate projects
CEO George Wachiuri says the firm has 41 real estate projects with about 20 percent investors from the diaspora while 80 percent are investors in Kenya. NAIROBI, Kenya, Jul 17 – Real Estate firm...
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‘Pornographic profits’ blamed for banks’ interest rate cap at presidential...
Kariara said if elected, Kaluyu will increase the tax base and ensure all loopholes in tax collection are sealed/COURTESY NAIROBI, Kenya, Jul 17 – Eliud Kariara, Independent presidential candidate...
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TFC seeks investors for international conference centre in Mombasa
Nairobi has for long been the country’s conferencing hub with its industry revolving around the Kenyatta International Conference Centre/FILE NAIROBI, Kenya, Mar 27 – Plans to build a multimillion...
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KQ unveils online group buying option
The airline mainly targets schools and learning institutions, religious associations, sports teams, associations, corporates, conference delegates and family groups among other customers to use the...
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New Mineral Rights Board paves way for transparency in issuance of mining...
“The key enabling regulations had to go through rigorous public participation sessions from stakeholders and Parliament,” Mining Cabinet Secretary Dan Kazungu said/FILE NAIROBI, Kenya, Jul 19 – Mining...
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High spending tourists brush-off election jitters to flock Kenya
Tourism was the best performer in the first quarter of 2017, registering a growth of 15.8 per cent from 10.4 per cent during the first quarter of 2016/FILE NAIROBI, Kenya, Jul 19 – The tourism sector...
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KRA misses 2016/2017 revenue target by Sh50bn collecting Sh1.365Tr
The Authority, however, increased its revenue collection by 13.8 percent compared to the previous year where it collected Sh1.210 trillion/FILE NAIROBI, Kenya, Jul 20 – The Kenya Revenue Authority...
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Base Titanium to increase royalties to Govt from 2.5pc to 5pc
The mining company has so far paid Sh1 billion in royalties to the government. NAIROBI, Kenya, July 21 – Base Titanium is set to up its royalties to the government to 5 percent from the current 2.5...
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Treasury extends M-Akiba offer after falling far short of targeted Sh1 billion
The National Treasury CS Henry Rotich when he attended the launch of the bond/COURTESY NAIROBI, Kenya, Jul 22 – Treasury has extended the second phase of the M-Akiba bond sale to September 11, as the...
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KQ working to clear Sh230Bn debt in four years
Former Managing Director and advisor to the Kenya Airways Board, Mbuvi Ngunze, says the airline is negotiating with financiers, aircraft lease providers, the government and shareholders including KLM....
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Longhorn to spend Sh200Mn to digitize books in new digital strategy
Speaking to Capital FM Business, Longhorn Managing Director Simon Ngigi says the new digital platform will also see an increased reading culture with books readily available for everyone to read./FILE...
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