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Google offered a professor Ksh.6.5M but he turned it down. Here’s why
By CNN,
948, March 30, 2021 (EAT)
When Luke Stark, an assistant professor, sought money from Google in November he had no idea he'd be turning down $60,000 (Ksh.6,582,000) from the tec...
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Kenyans now face the highest electricity bills this March
By Kepha Muiruri,
1455, March 15, 2021 (EAT)
Further to paying a premium at the pump, Kenyans face the highest electricity bills at the end of this month. This follows an upward review in tari...
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Gov’t tax relief cuts Kenya Power full year loss to Ksh.939M
By Kepha Muiruri,
1620, February 26, 2021 (EAT)
Kenya Power full year loss contracted from an initial Ksh.2.98 billion to Ksh.939 million from tax credits earned from the relief on corporation tax p...
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DTB to close six branches by end of October 2021
By Kepha Muiruri,
1546, February 19, 2021 (EAT)
Tier I lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint...
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New IMF, World Bank loans trim Kenya’s debt refinancing risks
By Kepha Muiruri,
1541, February 16, 2021 (EAT)
Kenya’s change of tact to re-integrate cheap financing from the International Monetary Fund (IMF) and the World Bank has served to trim the country...
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KenGen clinches Ksh.709M deal to drill geothermal wells in Djibouti
By Citizen Reporter,
839, February 12, 2021 (EAT)
Kenya Electricity Generating Company (KenGen) PLC has won yet another international contract to drill three geothermal wells in Djibouti. The company...
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KenGen doubles profit to Ksh.18.4B on tax credits, flat costs
By Kepha Muiruri,
1039, January 28, 2021 (EAT)
Electricity generating company KenGen has announced a Ksh.18.4 billion profit for the year ending in June 2020 having more than doubled earnings fron ...
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Kenyan digital insurer Pula raises Ksh.660M in additional capital
By Kepha Muiruri,
1843, January 25, 2021 (EAT)
Kenyan-based digital insurance Pula has raised Ksh.660 million ($6 million) in additional funding as it seeks to expand its footprint on the African c...
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Senate approves new tea regulations, sets the path for radical sector changes
By Kepha Muiruri,
1837, December 21, 2020 (EAT)
The Senate has overwhelmingly voted in support of the 2018, Tea Bill approving the implementation of radical changes in the tea industry. The appro...
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Bank jobs on the line as COVID-19 wreaks havoc on industry
By Kepha Muiruri,
1039, November 16, 2020 (EAT)
Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...
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Beer distributors seek reprieve on planned tax hike
By Kepha Muiruri,
1121, September 12, 2020 (EAT)
Beer distributors have asked the Kenya Revenue Authority (KRA) alongside the National Treasury to reconsider the planned hike of excise duty rates. ...
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Kenyan insurers’ performance bitten by familiar bug
By Kepha Muiruri,
1206, September 5, 2020 (EAT)
Top insurance firms have marked significant profit declines with some posting losses as their performance tumbles under the weight of declining return...
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Kenya’s external trade grew to Ksh.191 billion in July
By Kepha Muiruri,
1543, September 2, 2020 (EAT)
The value of Kenya’s external trade volume grew by 12.4 per cent to Ksh.190.8 billion in the month of July from Ksh.169.7 billion in June. The re...
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Loan defaults derail bank earnings
By Kepha Muiruri,
1910, August 17, 2020 (EAT)
Growing borrowers risk profiles and loan defaults have thrown bank earnings off the trail as lenders continue to provision billions towards expected c...
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How to get started with Forex Trading in Kenya
By Trade Forex Kenya,
2000, August 12, 2020 (EAT)
Forex trading is the term for buying or selling currency on the international currency market. This trading happens on the current exchange rate of...
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Local businesses register improvement after easing of COVID-19 restrictions in July
By Kepha Muiruri,
1856, August 5, 2020 (EAT)
Local businesses marked a significant improvement in activity/output levels last month from a further ease to restrictions including inter-County trav...
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Treasury retains inflation target at 5 percent for the ninth straight year
By Kepha Muiruri,
1130, July 18, 2020 (EAT)
The National Treasury has retained its inflation target at 5 percent with a 2.5 percent margin on either side for the ninth straight year. The Cent...
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Kiprono Kittony appointed as Chairperson of Nairobi Securities Exchange Board
By Citizen Reporter,
1524, July 13, 2020 (EAT)
The Board of Directors of the Nairobi Securities Exchange (NSE) Plc. has appointed Kiprono Kittony, EBS as the new Chair of the Board effective from J...
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CBK: Only one in 10 bank transactions is being done at a branch
By Kepha Muiruri,
959, June 29, 2020 (EAT)
Only one out of 10 bank transactions are being conducted at a physical branch pointing to the increased digitization of the banking process. Accord...
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Treasury to recapitalize Kenya Airways to the tune of Ksh.7.5 billion
By Kepha Muiruri,
1706, June 26, 2020 (EAT)
The government is expected to pump in additional capital as it seeks to transition Kenya Airways (KQ) into a fully owned State entity. According to...
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