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World’s 3rd largest logistics company opens Kenya office
The firm says it will be putting in place a structure to meet the needs of customers in Kenya and the rest of East Africa. NAIROBI, Kenya, Feb 5 – The World’s third largest logistics company, Japan’s...
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Watamu luxury apartments promise investors Sh60,000 a day
The apartments, which cost between Sh70 million and Sh140 million depending on the number of rooms, will see the resort diversify its income to cushion against low tourism seasons. NAIROBI, Kenya, Feb...
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First Kenya Govt green bond postponed as banks ready to float one
In the next six to eight months, Kenya intends to float the first ever private sector green bond whose proceeds will go solely to green projects/FILE NAIROBI, Kenya, Feb 6 – The government has pushed...
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USIU to host first AppFactory center in Kenya
NAIROBI, Kenya, Feb 7 – United States International University Africa (USIU Africa) is set to host the first AppFactory center in Kenya that seeks to equip local ICT graduates with the necessary...
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13pc of infrastructure projects in Kenya are completed on time: Deloitte report
The Deloitte Construction 2017 report finds that where projects are contracted irregularly, procurement challenges can be a major factor leading to project delays and cost overruns. NAIROBI, Kenya, Feb...
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Goodlife Pharmacy raises Sh300Mn from IFC for expansion
LeapFrog Investment MD and Partner, Dr. Felix Olale, Goodlife Pharmacy Co-Founder Josh Ruxin and Buju Mohandas, Africa Lead, IFC /FILE NAIROBI, Kenya, Feb 8 – Regional retail pharmacy chain Goodlife...
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US multinational to acquire Unga Group Holdings for Sh3Bn
NAIROBI, Kenya, Feb 8 – New York Stock Exchange-listed Seaboard Corporation Limited has announced plans to acquire Kenya’s Unga Group Holdings subject to regulatory approvals. The firm, which...
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Deacons to close four shops in consolidation bid
Among the brands exiting includes the Angelo Shoe brand which now become an Adidas store. NAIROBI, Kenya, Feb 12 – Deacons East Africa is set to close about four stores this year as it seeks to...
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Safaricom unveils music streaming service
NAIROBI, Kenya, Feb 13 – Safaricom has invested in an all-inclusive music streaming service offering a wide variety of music to consumers as well as an additional platform for artists to sell their...
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Traveling tops spending for Kenyans celebrating Valentines: Report
Hotel spend has also remained stable over the past three years; taking a 62 percent share of spend and a 48 percent share of transactions in 2017. NAIROBI, Kenya Feb 14 – Kenyans are spending more on...
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Moody’s downgrades Kenya credit rating on rising debt levels, expensive loans
Kenya’s first Eurobond payment of $750 million (1 percent of forecast GDP) is due in June 2019, followed by a second $2 billion Eurobond maturing in 2024. NAIROBI, Kenya, Feb 14 – Global credit rating...
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Telkom grows customer base by 1 million in six months
Telkom’s data-first strategy has seen the company attract users NAIROBI, Kenya, Feb 15 – Six months after Telkom ditched the Orange brand and took a new strategic direction, the telco has grown its...
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Kenya set to repay Sh658.2bn in loans by June
According to a new report by Cytonn Investments, Kenya’s total debt burden has been rising steadily, increasing by 22.2 percent year on year to hit Sh4.6 trillion in November 2017 from Sh3.8 trillion...
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Kenya can still access Sh150Bn precautionary loan, IMF now says
The funds, approved by the IMF in March 2016, were available for Kenya to access if it faced shocks that led to a balance-of-payments crisis. NAIROBI, Kenya, Feb 21 – The International Monetary Fund...
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Centum’s globally-acclaimed Sabis School opens applications for Runda Campus
Carl Bistany, Chairman, Africa Crest Education Holdings NAIROBI, Kenya, Feb 21- Centum Investments first international school is now accepting applications ahead for its opening in September 2018. The...
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Average Kenyan woman spends Sh50,000 annually on hair – Report
The report also indicates that male professionals have become the most preferred among the women in the country/ Photo – KCB Tujiajiri NAIROBI, Kenya, Feb 21 – Kenyan women spend about Sh50, 000 a year...
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Future of Kenya’s digital lending is limitless system
Okolea now has about 90,000 customers and does about 50,000 transactions a month with a repayment rate of 92 per cent. NAIROBI, Kenya, Feb 23- You have not known pain until you have a negative rating...
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Safaricom launches new monthly plan for premium clients
The telco hopes to increase their postpaid customers by 100 fold. NAIROBI, Kenya, Feb 23 – Safaricom has launched a new service for their premium clients aimed. The new platinum service will see...
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Six million Kenyans use Truecaller
NAIROBI, Kenya, Feb 27 – Truecaller reveals that it has about six million users in Kenya. The Director of Business Development and Partnerships Africa Zakaria Hersi says the firm has a 35 percent year...
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Access to Jetways JKIA facility shut to allow probe
KAA says in a statement that the Jetways facility at JKIA will remain closed until the security agencies finish investigating the allegations/FILE NAIROBI, Kenya, Feb 28 – The Kenya Airports Authority...
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