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BAT full year profit thins to Ksh.3.9 billion on higher costs
By Kepha Muiruri,
945, February 20, 2020 (EAT)
Tobacco manufacturer British American Tobacco (BAT) Kenya has announced a Ksh.3.9 billion full year profit for 2019 representing a 4.9 per cent dip ...
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Equity, NCBA banks tipped to increase shareholder pay outs
By Kepha Muiruri,
1939, February 18, 2020 (EAT)
Equity and NCBA banks are tipped to be the only listed banks to increase their pay out to shareholders as banks commence issuing their full year earni...
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A third of Kenyans with side hustles ready to quit day jobs – survey
By Kepha Muiruri,
1927, February 18, 2020 (EAT)
33 per cent of Kenyans juggling formal jobs alongside entrepreneurial ventures on the side are ready to quit the day jobs this year as the after-work ...
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Despite tough talk, Gov’t yet to deliver on planned austerity measures
By Kepha Muiruri,
2022, February 13, 2020 (EAT)
Despite talking tough on implementing far reaching budget cuts, the government has found it tough going to sustain the austerity walk as doubts on fis...
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CBK warns banks against ignoring sector reforms
By Kepha Muiruri,
2000, February 13, 2020 (EAT)
The Central Bank of Kenya (CBK) has cautioned banks against ignoring the implementation of recent sector reforms terming the downplay as a risk to the...
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East African Breweries first half profit jumps to Ksh.10.6billion
By Citizen Reporter,
1418, January 31, 2020 (EAT)
East African Breweries has posted a 9% jump in pretax profit to Ksh. 10.6 billion for its first half to the end of December, the company said on Frida...
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Standard Chartered recommends further CBR cuts to spur growth
By Kepha Muiruri,
2037, January 29, 2020 (EAT)
The Standard Chartered bank has recommended further cuts to the Central Bank Rate (CBR) to sustain momentum in Kenya’s economic recovery path in 202...
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‘We don’t need the IMF telling us what to do,’ says CBK boss
By Kepha Muiruri,
2045, January 28, 2020 (EAT)
The Central Bank of Kenya (CBK) has downplayed the recent assessment of Kenya’s fiscal management by the International Monetary Fund (IMF) insisting...
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Tullow planned exit complicates Kenya’s petrodollars quest
By Kepha Muiruri,
1101, January 27, 2020 (EAT)
Tullow’s planned exit from its equity stake in Project Oil Kenya has opened up fresh questions into the country’s future oil exploits. This is ...
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Stanbic: Economy growing but cannot deliver jobs
By Kepha Muiruri,
1846, January 20, 2020 (EAT)
Stanbic Group has added to the paradox of unfelt economic output suggesting recorded growth has fallen on barren ground as it struggles to create a co...
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Experiment on interest rate caps perhaps the worst policy decision in Kenya’s history: study
By Kepha Muiruri,
952, January 15, 2020 (EAT)
Small and Medium Enterprises (SMEs) missed out on average Ksh.300 billion in credit/loans from commercial banks on each year that followed the placing...
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Uhuru orders Treasury to release Ksh.500M for buying excess milk
By Francis Gachuri,
1013, January 15, 2020 (EAT)
President Uhuru Kenyatta has directed Treasury to release Ksh. 500million to buy all excess milk and turn it to powder milk. Speaking on Tuesday in...
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2019 Review: Treasury gets free pass on new borrowing
By Kepha Muiruri,
1131, December 29, 2019 (EAT)
In a complete mirror opposite to his predecessor, Acting National Treasury CS Ukur Yatani threw in the towel on Kenya’s debt sustainability claims. ...
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Uhuru’s housing fund order risks Ksh.240B cash pool
By Kepha Muiruri,
900, December 14, 2019 (EAT)
President Uhuru Kenyatta’s order on the termination of mandatory contributions to the National Housing Development Fund (NHDF) has put into jeopardy...
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Uhuru approves supplementary Ksh.73.4 billion budget
By Kepha Muiruri,
2003, December 5, 2019 (EAT)
President Uhuru Kenyatta has signed into law the Supplementary Appropriation Bill (No.2) of 2019 paving way for the release of Ksh.73.4 billion from t...
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Kenyan businesses future optimism falls to 33 month-low
By Kepha Muiruri,
2031, December 4, 2019 (EAT)
Kenyan businesses optimism for future has fallen to its lowest count in 33 months to mirror caution to business activity undertaken in the coming year...
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Family Bank records Ksh.704 million nine-month profit
By Kepha Muiruri,
1832, November 25, 2019 (EAT)
Family Bank has announced a near four-fold jump in profit for the first nine months of the year to Ksh.704.6 million signalling the lender’s continu...
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Kenya Gov’t plans to clear pending supplier bills by next week
By Kepha Muiruri,
942, November 19, 2019 (EAT)
The government has through the National Treasury promised to clear outstanding supplier bills by the end of the month as part of its renewed efforts t...
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KCB records Ksh.19.2 billion nine-month profit
By Kepha Muiruri,
2119, November 13, 2019 (EAT)
KCB Group has announced the posting of a Ksh.19.2 billion net profit in nine months to September 30 on the back of increased customer lending and non-...
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KRA disputes tribunal ruling on betting wins
By Kepha Muiruri,
1526, November 11, 2019 (EAT)
The Kenya Revenue Authority (KRA) has disputed Wednesday’s ruling by the Tax Appeals Tribunal (TAT) on the definition of winnings by betting custome...
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