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KCB Group half year profit rises 5pc to Ksh.12.7 billion
By Kepha Muiruri,
1056, August 15, 2019 (EAT)
KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...
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Relief for motorists as petrol, diesel prices drop
By Kepha Muiruri,
1851, August 14, 2019 (EAT)
The Energy and Petroleum Regulatory Authority (EPRA) has cut its maximum pump prices for both petrol and diesel by Ksh.2.86 and Ksh.3.28 respectively ...
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Stanbic Group half year profit hits Ksh.4.1 billion
By Kepha Muiruri,
2006, August 8, 2019 (EAT)
Stanbic Holdings PLC on Thursday announced a 14 percent increase in its half year earnings to Ksh.4.1 billion for the period closing June 30, 2019. ...
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July inflation hits 3-month high
By Kepha Muiruri,
2054, July 31, 2019 (EAT)
The inflation rate in July has touched a 3-month high of 6.3 percent from 5.7 percent in June highlighting increased pressure on the consumer spending...
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‘The print button on my desk is disabled,’ CBK Governor Njoroge says over demonetization
By Kepha Muiruri,
1316, July 27, 2019 (EAT)
The Central Bank of Kenya (CBK) now says that the ongoing circulation of new currency notes will have minimal impact on both inflation and the macroec...
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EABL profit up 58 percent on new drinks sales
By Kepha Muiruri,
1101, July 26, 2019 (EAT)
The East African Breweries Limited (EABL) has announced a 58 percent rise in net profit for the year ended June 30, 2018 to Ksh.11.5 billion. The s...
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CBK leaves benchmark rate at 9 percent as economy holds steady
By Kepha Muiruri,
1828, July 24, 2019 (EAT)
The Central Bank of Kenya (CBK) has retained its lending rate to commercial banks for the eighth consecutive time to reflect on the stability of the c...
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Kenyan banks at pains to offer new currency as shortfall hits
By Kepha Muiruri,
1152, July 20, 2019 (EAT)
Kenyan banks have re-configured their teller machines to churn out old-series notes. A senior banking official told Citizen Digital that lenders ba...
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Showdown looms as Senate rejects new Ksh.316B revenue allocation
By Francis Gachuri,
2122, July 16, 2019 (EAT)
The National Assembly Budget Committee has published a fresh Division of Revenue Bill proposing a Ksh.316.5 billion allocation to county governments. ...
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Agriculture, Manufacturing employees least paid in Kenya – Report reveals
By Kepha Muiruri,
1904, July 10, 2019 (EAT)
Employees in the Agriculture and Manufacturing sectors are the least paid in the Kenyan job market, a new report by asset manager ICEA Lion shows. ...
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Rising food, fuel prices push June inflation rate to 5.7pc
By Kepha Muiruri,
1759, June 29, 2019 (EAT)
The Kenya National Bureau of Statistics (KNBS) has quoted the end month inflation rate at 5.7 percent to indicate a 0.2 percent upward adjustment to c...
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CBK Governor downplays concerns on weakening shilling
By Kepha Muiruri,
1519, June 20, 2019 (EAT)
The Central Bank of Kenya (CBK) has eased concerns on the shilling's value quelling fears to the volatility of the local unit. The shilling for ins...
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Demonetization effects filter into value of Kenyan shilling
By Kepha Muiruri,
2110, June 18, 2019 (EAT)
The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...
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Sponsored: Infrastructure projects: Being on the lookout for cost overruns
By Sponsored,
1154, June 18, 2019 (EAT)
“48 percent of projects were over budget and 87 percent of projects have a time overrun.” – Deloitte East Africa [1] It’s all fine and dand...
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Private sector activity records an improvement in May- Survey
By Kepha Muiruri,
854, June 6, 2019 (EAT)
Kenyan private sector firms have recorded an improvement in operating conditions in May according to survey data from the Stanbic Bank Purchasing Mana...
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CBK to mop up 217.6 million old series Ksh.1000 notes
By Kepha Muiruri,
2109, June 3, 2019 (EAT)
Data from the Central Bank of Kenya (CBK) indicates that there are 217.6 million old-series Ksh. 1000 notes in circulation today, a pivotal figure to ...
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Kenya inflation falls to 5.49percent in May
By Zeddy Sambu,
1022, June 1, 2019 (EAT)
Kenya’s year-on-year inflation fell to 5.49% in May from 6.58percent a month earlier. This is thanks to lower food prices, the Kenya National Bur...
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KRA staff claim phones tapped, transfers unreasonable
By Otukho Jackson,
1338, May 31, 2019 (EAT)
A section of employees at the Kenya Revenue Authority have accused investigators and their employer of intimidation. An 8-page memo seen by Citizen...
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CBK: Kenya needs to reorganize debt as room for borrowing has shrunk
By Reuters,
856, May 29, 2019 (EAT)
Kenya’s headroom for new borrowing has shrunk since it tapped the Eurobond market this month and it is time for the country to begin reorganizing it...
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Tobacco control advocacy lobbys Treasury to probe BAT for tax avoidance
By Kepha Muiruri,
1901, May 28, 2019 (EAT)
The Kenya Tobacco Control Alliance (KETCA) has written to the National Treasury calling for the investigation of the British American Tobacco (BAT) ov...
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