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NSE investors take profit positions ahead of 2020 results
By Kepha Muiruri,
1452, February 9, 2021 (EAT)
Nairobi Securities Exchange (NSE) investors are moving to take up profit taking positions ahead of the release of 2020 full year financial results. ...
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Kenyans abroad sent home a record Ksh.341 billion in 2020
By Kepha Muiruri,
1446, January 16, 2021 (EAT)
Kenyans living and working abroad sent home a record Ksh.341 billion in 2020, growing their remittances by 10.7 per cent from Ksh.308 billion in 2019....
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Hope for SMEs as Kenyan banks renew risk appetite
By Kepha Muiruri,
1725, January 13, 2021 (EAT)
Small and medium enterprises (SMEs) are set to profit from the greater issuance of credit by commercial banks in 2021 as the lenders expand their thre...
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Pain for Kenyans in the New Year as MPs approve COVID-19 tax reversals
By Kepha Muiruri,
2327, December 22, 2020 (EAT)
Kenyans are set to usher in the New Year with new pain after the approval of COVID-19 tax reversals by the National Assembly on Tuesday afternoon. Me...
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KBL unveils Ksh.330M recovery fund for bars, eateries
By Kepha Muiruri,
1016, December 18, 2020 (EAT)
Kenya Breweries Limited (KBL) has unveiled a Ksh. 330million geared at supporting the recovery of bars and eateries. Also Read: President Kenyatta ...
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Banks loan restructures hit Ksh.1.4T in October
By Kepha Muiruri,
1704, November 27, 2020 (EAT)
Local banks have now restructured Ksh.1.38 trillion in customer loan repayments as part of relief measures passed on to borrowers over COVID-19 relate...
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NCBA to fire staff as post-merger ship wobbles
By Kepha Muiruri,
1604, October 31, 2020 (EAT)
Kenya’s third largest bank by asset base NCBA is set to fire staff as a response to constrained operation barely one year on from its CBA, NIC conso...
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African money transfer firms thrive as pandemic spurs online remittances
By Reuters,
818, October 27, 2020 (EAT)
Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small...
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Equity ranks position 7 in the list of top 10 banks in Africa
By Benjamin Muriuki,
1215, October 16, 2020 (EAT)
Equity Bank has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall category of the best performing b...
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CBK leaves benchmark rate unchanged for third time at 7%
By Kepha Muiruri,
1434, July 30, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent for the third straight month. The CBK Monetary Policy Comm...
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Shelter Afrique to return to bond market as loss shrinks to Ksh.63 million
By Kepha Muiruri,
943, July 14, 2020 (EAT)
Pan-African affordable housing firm Shelter Afrique has set its sights at a return to the corporate debt market after cutting its full year loss by 94...
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Covid-19: Ailing economy forces Uhuru’s hand in re-opening country
By Kepha Muiruri,
1753, July 6, 2020 (EAT)
Caught between a rock and a hard place in reviewing existing COVID-19 mitigation measures, President Uhuru Kenya inclined on easing the pressure place...
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EABL parent firm Diageo lines up Ksh.10.6 billion recovery fund for bars
By Kepha Muiruri,
1929, June 24, 2020 (EAT)
The East African Breweries Limited (EABL) parent firm Diageo has launched a worldwide Ksh.10.6 billion ($100 million) fund to support the recovery of ...
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Government waives airline landing fees in industry turn-around boost
By Kepha Muiruri,
1102, June 23, 2020 (EAT)
The government has lifted landing fees charged to airlines as part of incentives to support the industry’s turnaround as it emerges from depths of C...
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Jumia cuts costs, hopes for lockdown boost
By Reuters,
1242, May 14, 2020 (EAT)
Jumia Technologies reported an almost 7 percent fall in first quarter revenue due to supply chain disruptions, particularly in China. the strugglin...
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Airtel parent firm defers Ksh.27 billion debt payments to cushion against pandemic
By Kepha Muiruri,
1000, May 14, 2020 (EAT)
Airtel Kenya parent firm- Airtel Africa has deferred the payment of Sh.27.1 billion worth of debt by 18 to 24 months to strengthen its cash position a...
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Safaricom extends Bonga For Good Campaign for 30 more days
By Citizen Reporter,
1500, May 11, 2020 (EAT)
Safaricom has extended the Bonga For Good Campaign for an extra 30 days to June 3, 2020 to enable customers continue using their points to buy goods a...
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CBK mulls Ksh.100B plan to cushion SMEs against pandemic
By Kepha Muiruri,
1916, April 30, 2020 (EAT)
The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks...
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Safaricom dials up Google for 1 million smartphones offer
By Reuters,
1337, April 30, 2020 (EAT)
Safaricom is partnering with Google to offer 1 million affordable smartphones, its chief executive said on Wednesday. The Kenyan company, which is ...
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Relief for Kenyans who earn up to Ksh.24K as Uhuru orders cuts to PAYE, VAT
By Kepha Muiruri,
1927, March 25, 2020 (EAT)
President Uhuru Kenyatta has ordered the National Treasury to move to Parliament and implement a raft of changes including relief on employee tax and ...
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