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Barclays Bank Kenya profit down by 6pc to Sh6.9Bn
NAIROBI, Kenya, Feb 28 – Barclays Bank of Kenya (BBK) has recorded a 6.3 percent decline in net profit to Sh6.9 billion for the full year 2017 compared to the previous year where it posted Sh7.3...
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Barclays Africa Group set to rebrand to Absa
According to the arrangement the Barclays brand may only be used in the rest of Africa up to June 6, 2020, provided Barclays Africa Group announces the intention to change its name on or before June 6,...
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New Sh48bn KPC pipeline to be complete by end of March
With a one million litres per hour flow rate, the new line will remove about 700 trucks from the roads daily at maximum utilization/FILE PHOTO NAIROBI, Kenya, Mar 2 – The mainline mechanical and...
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Kenyan millennials travel at the spur of the moment – Report
Millennials value speedy access to information from mobile sources to find, plan and book travel experiences online/Courtesy Saffir Africa NAIROBI, Kenya, March 2 – Kenyan millennial travelers are...
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Jubilee Insurance taps Telkom head of sales to lead retail business
Nicholas Mruttu NAIROBI, Kenya, Mar 5 – Jubilee Insurance has poached Nicholas Mruttu from Telkom Kenya to be the new General Manager- Retail Business effective March 1, 2018. Mruttu who was the Chief...
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Real estate to test blockchain tech on land transactions
Land Laybay will launch a test land registry in April which will mirror the Ministry of Lands registry/FILE NAIROBI, Kenya, Mar 5 – Real estate firm Land Layby is set to introduce Blockchain technology...
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HF signs Sh1.5bn credit facility with Arab Bank
The Arab Bank for Economic Development in Africa Director General Sidi Ould says the new credit line, which is as part of the firm’s program for financing private sector operations/HFC NAIROBI, Kenya,...
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Equity launches mobile-based insurance product for Equitel subscribers
The product dubbed Riziki Cover will see Equitel subscribers get covered for lost daily income from one’s employment or personal business in case they are admitted to hospital/FILE NAIROBI, Kenya, Mar...
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GE programme aims to better equip social health entrepreneurs
The accelerator and mentorship programme culminates in an investor showcase event during which the finalists pitch their respective enterprises to an audience of potential investors/GE NAIROBI, Kenya,...
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The one thing missing in Uchumi AGM agenda: Strategic investor
The retailer had in December postponed its AGM from December 20, 2017, to a later date ostensibly to allow negotiations with a potential investor who was to pump Sh3.5 billion in Uchumi as part of a...
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Funguo Investments acquires majority stake in Kwale fruit processing firm for...
NAIROBI, Kenya, Mar 7 – Funguo Investments Limited has acquired a majority stake in Feastfoods Processors Limited, a food processing company that processes fruit juice puree and concentrates in Kwale...
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Struggling retail sector making investors richer: Wealth Report
Editor of the report Andrew Shirley (L) says the number of Kenya’s dollar millionaires worth at least Sh500 million is expected to grow by 60.5 percent over the next five years NAIROBI, Kenya, Mar 8 –...
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Opera enters the mobile micro loan market in Kenya through its Okash App
The group through, its Fintech Company OPay, says the OKash app will now be available to Android smartphone users. NAIROBI, Kenya, Mar 13 – Opera Group has launched a financial services mobile app that...
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Devolution and Planning ministry invests Sh130Mn in a projects monitoring web...
State Department of Planning, Monitoring and Evaluation says the platform will increase transparency in the implementation of government projects and how money was used/FILE NAIROBI, Kenya, Mar 14 –...
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Petrol price drops marginally, diesel and kerosene up in March fuel review
Super petrol is down by Sh0.46 to now retail at 107.46 while diesel will retail at Sh97.86 /FILE NAIROBI, Kenya, Mar 14 – Motorists will have to pay marginally less for super petrol and more for diesel...
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UAP Holdings grows profits by 45pc in 2017 propped by rental income
UAP Holdings Chief Executive Peter Mwangi NAIROBI, Kenya, Mar 14 – UAP Holdings has posted a 45.6 percent increase in their 2017 net profit to hit Sh1.2 billion attributable to growth in investment...
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Insurance premium growth declined in 2017
In the period under review, claims incurred by general insurers hit Sh54.86 billion in the fourth quarter of 2017/COURTESY NAIROBI, Kenya, Mar 19 – Insurance premium growth slowed down in 2017 to grow...
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Centum divests its stake in Platcorp Holdings
“The proceeds from the sale will be deployed to other investments in our area of focus,” Mworia said/FILE NAIROBI, Kenya, Mar 19 – Centum Investment Company Plc has exited its five-year investment in...
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APA out ‘to insure your happiness’
The campaign is launched to coincide with the International Day of Happiness – a day to inspire action for a happier world/FILE NAIROBI, Kenya March 20 – APA Insurance, which is part of the Apollo...
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Sh200bn of second Eurobond cash now with Treasury – Njoroge
He says the money was converted to Kenya shillings and transferred to the consolidated fund account belonging to the National Treasury/MUTHONI NJUKI NAIROBI, Kenya, Mar 20 – Central Bank of Kenya (CBK)...
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