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KQ fires 140 technicians for ‘requesting’ 844 percent pay rise
NAIROBI, Kenya, Nov 30 – Kenya Airways has fired 140 Engineers and Aircraft technical maintenance team for participating in an illegal strike since Tuesday, 28 November. The Managing Director and...
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Deacons appoints Judith Kibaki as a director
The company posted a 244 percent increase in losses in the first six months of 2017 to Sh180 million compared to Sh52 million loss in the first half of 2016/FILE NAIROBI, Kenya, Dec 4 – Deacons East...
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NSE suspends trading of Express Kenya shares after CEO acquisition bid
The Nairobi Securities Exchange has suspended the trading of the firm following the takeover plans. NAIROBI, Kenya, Dec 4 – Express Kenya Chief Executive Hector Robert Dinis is set to acquire the firm...
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IMF appoints Kenyan as Director of Audit
The OIA conducts independent examinations of the IMF’s internal control and governance processes. NAIROBI, Kenya, Dec 5 – International Monetary Fund (IMF) has appointed Dr. Nancy Asiko Onyango as...
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Special unit to raise Sh500Bn for Kenya’s nuclear power plant
The Board is currently identifying possible sites of where the plant will be set up. NAIROBI, Kenya, Nov 5 – Kenya is set to form a special purpose vehicle to facilitate the building of a nuclear power...
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Uchumi CEO resigns after two years, putting in limbo recovery plan
Kipngetich was appointed on August 26, 2015 and has helped Uchumi improve margins in a challenging retail environment. NAIROBI, Kenya, Dec 6 – Uchumi Supermarket Chief Executive Dr. Julius Kipngetich...
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450 women to receive funding for clean energy businesses
A woman entrepreneur fabricating improved cookstoves NAIROBI, Kenya, Dec 6 – About 450 women entrepreneurs engaged in clean energy in Kenya and Tanzania are set to receive funding through a partnership...
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Bamburi Cement finances Mombasa cancer treatment centre
The centre is located at the Coast General Hospital/FILE NAIROBI, Kenya, Dec 10 – Bamburi Cement Limited in partnership with Mombasa County has set-up a Sh18 Million cancer treatment centre at the...
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Microsoft launches productivity and collaboration app in Kenya
App developer Rajiv Kumar and Corporate Vice President Office Product Group Microsoft during the launch. NAIROBI, Kenya, Dec 11 – Microsoft has launched Kaizala, a mobile app designed for large group...
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Kenya voted leading safari destination
Kenya emerged the winner against country nominees of Botswana, Namibia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe/COURTESY NAIROBI, Kenya, Dec 12 – Kenya has been voted the world leading...
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President Kenyatta orders suspension of international trawler licenses
These boats must land their catches in Kenya, President Kenyatta said/FILE NAIROBI, Kenya, Dec 12 – President Uhuru Kenyatta has directed Ministries of Defence and Agriculture to suspend the fishing...
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Longhorn to offload entire stake in Law Africa
Longhorn Publishers, Managing Director Simon Ngigi/FILE NAIROBI, Kenya, Dec 13 – Longhorn Publishers shareholders have approved the sale of its entire shareholding in Law Africa firm. The publisher...
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Uchumi postpones AGM to allow negotiations with investor
The retailer has also announced that it will be restocking its branches from Thursday/FILE NAIROBI, Kenya, Dec 13 – Uchumi has postponed its Annual General Meeting (AGM) from December 20, 2017, to a...
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Uchumi back in business after operating branches restock
Uchumi Chief Operating Officer Andrew Dixon with Acting CEO Ahmed Mohammed NAIROBI, Kenya, Nov 14 – All Uchumi supermarket stores are currently being restocked in readiness to be opened on Sunday....
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Insurance agents calls for appointment of IRA Commissioner General
Sammy Makove, right, was the Commissioner General of IRA for 15 years. NAIROBI, Kenya, Dec 15 – Insurance agents are calling for the appointment of a substantive Commissioner General at the Insurance...
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Kenya’s real estate to recover after 2017 difficulty
According to Cytonn Real Estate, the slowdown is attributable to political uncertainty brought about by the extended electioneering period that made cautious investors postpone making purchase...
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Aberdare Safari Hotels to invest Sh500mn in Outspan expansion
Aberdare Safari Hotel Operations Manager Wallace Chege told Capital FM Business that the investment is aimed at increasing capacity to about 100 from the current 45 rooms and new facilities that...
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HF issues profit warning for year ended Dec 31, 2017
The management attributes the decline to Interest Rate Capping and the introduction of a floor on deposit rates following the Banking (Amendment) Act, 2016/FILE NAIROBI, Kenya, Jan 4 – HF Group has...
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Business improves in Kenya after political storm dies
According to the Purchasing Managers’ Index for December by Stanbic Bank, growth was underpinned by expansions in output, new orders, stocks of purchases and employment, thereby reversing the recent...
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CBK approves SBM Holdings offer to acquire stake in Chase Bank
“Though this acquisition and combined with its other operations in Kenya, SBM will bring its experience and expertise from Mauritius and other markets, to further enhance competitiveness and the...
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