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Uchumi appoints new Interim Chairman
NAIROBI, Kenya, Oct 26 – Uchumi Supermarket has appointed John Karani as an Interim Chairman of the Board. This follows the retirement of Catherine Ngahu as Chairperson after her three-year term...
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Telkom to lay off 500 employees in cost cutting measures
NAIROBI, Kenya, Oct 26 – Telkom Kenya has announced a restructuring plan that will see 500 employees leave the telecom company. The firm says the move is aimed at making the telco gain market share...
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All set for US direct flight as Court blocks KQ staff from striking
NAIROBI, Kenya. Oct 26 – The High Court has blocked aviation workers from going on strike during Kenya Airways inaugural flight to New York pending hearing of their case. The Aviation workers had...
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Moi International airport international arrivals grows by 46pc in 8 months
Tourism Principal Secretary Joe Okudo attributes the growth to the Charter Incentives Program that has raised the number of chartered flights to the Coast. NAIROBI, Kenya, Oct 27 – International...
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CMA extends suspension of trading ARM shares
In August, former Nation Media Chief Executive was appointed the Chair of the ARM Cement Board following the retirement of Wilfred Murungi/file NAIROBI, Kenya, Oct 30 – The Capital Markets Authority...
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Nairobi – New York flight to boost KQ revenue by 10pc
Kenya Airways already serves at least 40 destinations in Africa alone and also flies to Europe, Asia, the Middle East and the Indian Sub Continent/DPPS NAIROBI, Kenya, Oct 30 – Kenya Airways (KQ)...
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Finland Economic Affairs Minister to visit Kenya
The business delegation accompanying the Minister has as about 50 representatives from companies and research institutes in the digital, energy, bioeconomy, cleantech, mining, mineral, education and...
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Bank of Kigali to cross-list on the NSE
The follows the approval by the Capital Markets Authority (CMA) for the company to cross-list the Nairobi Securities Exchange (NSE)/FILE NAIROBI, Kenya, Oct 30 – Kenyan investors could have the...
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Mumias Sugar, Kenya Power delay releasing 2018 financial results
Mumias attributed the delay to financial challenges the company is facing and has been granted one month reporting deadline extension to November 30, 2018 by the Capital Markets Authority/FILE NAIROBI,...
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Two Kenyan firms named in world emerging Fintech companies
The two include Digital payments provider Cellulant, and Mobile loans provider Tala who are among the three African companies representing Africa to be included in the list of leading global Fintech...
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Kenya up 19 places to 61 in WB ease of doing business 2019
Kenya strengthened access to credit, protection of minority investors and ease of paying taxes by merging all permits into a single unified business permit/FILE NAIROBI, Kenya, Oct 31 – Kenya has gone...
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M-Pesa lifts Safaricom Half Year profit to Sh31.5b
Chief Executive Bob Collymore announced that the firm has spent the last month piloting an overdraft facility on M-PESA called Fuliza NAIROBI, Kenya, Nov 2 – Safaricom is betting big on M-PESA going...
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Twiga Tours acclaimed for sustainability and CSR
Twiga Tours Director Shazmin Manji Karmali says the accreditation will help put Kenya on the map as a sustainable tourism compliant destination./COURTESY NAIROBI, Kenya, Nov 20 – Twiga Tours has...
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Laikipia commissions census of businesses in the County
LAIKIPIA, Kenya, Nov 20 – Laikipia County government has embarked on a census of all businesses in the region. County Executive for Finance Murungi Ndai said that the exercise that commenced on...
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EAPCC needs Sh15b to turnaround, says MD
NAIROBI, Kenya, Nov 21 – Troubled East African Portland Cement Company (EAPCC) management says it requires Sh15 billion to effect a turnaround in the fortunes of the giant cement manufacturer. EAPCC...
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Kenya and Mozambique move to remove double taxation, ease Visa rules
NAIROBI, Kenya, Nov 21 – Kenya and Mozambique have initiated talks geared at restructuring trade tariffs. Foreign Affairs Cabinet Secretary Monica Juma says the move is aimed at eliminating double...
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Communication Authority to publish e-commerce regulation in 2019
CA Director General Francis Wangusi says this will focus on putting support physical infrastructure, a project that is expected to take one year/FILE NAIROBI, Kenya, Nov 22 – Kenya will from next year...
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Uhuru pledges to adopt policies to harness Blue Economy
President Kenyatta also pledged to confront, head-on, the challenge of waste management and plastic pollution that is compromising Kenyan’s health and ensure responsible and sustainable fishing to...
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KCB, 28 other banks launch governing principles
KCB says the principles will define the banking industry’s role and responsibilities in shaping a sustainable future/file NAIROBI, Kenya, Nov 26 – KCB Group and 28 other global banks representing US$17...
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Mombasa Port must address challenges to ease cost of business
“With 33 shipping lines calling at the port, it provides connectivity to over 80 seaports worldwide, at today’s throughput, port utilization is saturated at over 90 per cent of full capacity, ” the...
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