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Telkom adds two independent members to its Board
NAIROBI, Kenya, Aug 15 – Telkom has added two independent members to its Board two months after it rebranded from Orange. Dorcas Kombo and Jinaro Kibet are expected to inject skills and legal...
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15 things you need to know about the plastic bag ban: INFOGRAPHIC
The ban which will take effect on 28th August 2017, was gazetted on February 28, 2017 NAIROBI, Kenya, Aug 15 – With just two weeks to the implementation of the total ban on plastic bags, the Ministry...
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KCB Group appoints Kenyan as acting Rwanda Country Manager
NAIROBI, Kenya, Aug 16 – KCB Group has appointed George Odhiambo as Acting Managing Director of KCB Bank Rwanda. George Odhiambo replaces Maurice Toroitich who has left the bank after nine years....
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Brokerage firm employee arraigned in court for Sh66.8Mn theft
NAIROBI, Kenya, Aug 16 – A suspect has been arraigned at the Milimani Law Courts for allegedly embezzling Sh66.8 million from Kestrel Capital Brokerage Firm. Abraham Kibet Too was arrested yesterday...
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Co-op Bank HY profit drops by 10pc to Sh6.6Bn, ventures into leasing business
NAIROBI, Kenya, Aug 17 – Co-operative Bank of Kenya has posted a 10 percent decline in its half year net profit to hit Sh6.6 billion from Sh7.4 billion recorded same period 2016. The first-tier Bank...
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Nairobi commuter train grounded over staff strike
The strike has affected the Ruiru, Embakassi, Syokimau and Kikuyu lines NAIROBI, Kenya, Aug 18 – Commuter train services in Nairobi ground to a halt this morning as employees boycotted work over salary...
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NEMA exempts waste paper bags, select consumer products from plastic bag ban
NEMA has instructed all manufacturers, importers and users of plastic bags used for industrial packaging to apply for a clearance letter if they wish to continue making or importing the plastic bags....
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NSE Half year profit down 5pc to Sh77m
Total income went up by 11pc in the period under review while equity turnover hit Sh164 billion up from Sh147 billion recorded same period last year/FILE NAIROBI, Kenya, Aug 22 – The Nairobi...
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No salary increment in new KQ – Pilots CBA
KALPA Secretary General Captain Paul Gichangi and KQ Human Resource Director Sammy Chepkwony signed the CBA on Tuesday. NAIROBI, Kenya, Aug 22 – Kenya Airways (KQ) has signed a new Collective...
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Supermarkets to sell reusable paper bags for at least Sh3
The retailers have also given consumers the option of bringing their own bagS or buying the more expensive shopping bags for between Sh30 and Sh50./COURTESY NAIROBI, Kenya, Aug 24 – Consumers will from...
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Bamburi Cement posts 36pc decline in half-year profits
A night shot of the Bamburi cement plant in Mombasa/COURTESY NAIROBI, Kenya, Aug 25 – Bamburi Cement has posted a 36 per cent decline in its half-year net profit to Sh1.8 billion compared to a Sh2.8...
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Coca-Cola invests Sh3bn in Minute Maid production
The state of the art technology dubbed “Hotfill” uses heat to sterilize the product and the packaging before packing, offering a significantly superior and brings world class standards to the Kenyan...
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Kenyans can return used paper bags to three supermarkets
The NEMA enforcement team, working with the police, is inspecting compliance of the ban by manufacturers and retailers. Different county governments will issue rules on individual compliance. NAIROBI,...
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KAM says shortage of select commodities probable due to plastic bag ban
Among the contentious issues, manufacturers are seeking clarification on including the meaning of extended producer and user responsibility. NAIROBI, Kenya, Aug 29 – Kenya may soon face maize flour and...
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Made in Africa online platform enters Kenya
NAIROBI, Kenya, Aug 29 – Traders of Africa (TOFA), an online marketplace for goods originating from Africa has launched in Kenya. This is the fourth country tradersofafrica.com has entered in, having...
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Deacons to invest Sh10mn in e-commerce platform to boost sales
Deacons Chief Executive Muchiri Wahome attributes the losses to depressed consumer spending due to the drought, interest rate capping and the elections/MUTHONI NJUKI. NAIROBI, Kenya, Aug 30 – Fashion...
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Kenya banking staff dropped by 2,500 in 2016
In the period under review, a number of banks that include KCB Group, Family Bank, Cooperative Bank, Barclays Bank of Kenya and Sidian Bank, announced staff layoffs/FILE NAIROBI, Kenya, Aug 31 –...
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Election prompts August inflation to rise to 8.04pc
A man casts his ballot on August 8/FILE NAIROBI, Kenya, Aug 31 – Inflation in August rose to 8.04 per cent crossing the governments’ target of 7.5 per cent compared to July’s 7.47 per cent due to the...
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TransCentury posts Sh1bn HY loss
“The board has initiated a review of various funding alternatives to support business funding requirements and maximise shareholder values,” management said/CFM NAIROBI, Kenya, Aug 31 – TransCentury...
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Kiambu Road estates offer best return on rental yields: Report
The report shows that Thindigua and Ridgeways deliver a total return of 19.3 percent and 18.4 percent respectively while Lang’ata and Juja returns are at 17.4 percent and 17.3 percent,...
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