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NCBA posts Ksh.7.8 billion profit from merger gains
By Kepha Muiruri,
1620, March 25, 2020 (EAT)
NCBA Group has posted a 56 percent growth in profit after tax for the period ending December 2019 to Ksh.7.8 billion from merger gains. The results...
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Kenyan economy braces for impact after first coronavirus case
By Kepha Muiruri,
1009, March 14, 2020 (EAT)
The local economy is bracing for an unprecedented impact with the first case of the novel coronavirus that was reported on Friday. Economic risks h...
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Wendy’s boss in Lebanon found her preparing dinner. Moments later, she was told to never touch food with her bare, black hands again
By CNN,
1101, February 29, 2020 (EAT)
Wendy’s boss glared at her as she chopped coriander. Stone-faced and angry, he charged out of the kitchen to speak with his wife. Moments later, ...
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KenGen half year earnings double to Ksh.8.2B, growth flat in full year
By Kepha Muiruri,
1031, February 28, 2020 (EAT)
Electricity generating firm KenGen has announced the doubling of earnings in six months to December 31 to Ksh.8.2 billion in Friday’s dual disclosur...
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Fireworks light up Tokyo six months before Olympic Games
By Reuters,
1542, January 24, 2020 (EAT)
Fireworks lit up the night sky above Tokyo Bay on Friday and a giant monument of the Olympic rings was unveiled in the shadow of Rainbow Bridge as the...
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New Trump law restricts pregnant foreigners from traveling to U.S.
By CNN,
1223, January 24, 2020 (EAT)
The Trump administration will implement a new policy Friday to make it more difficult for foreign nationals to travel to give birth on US soil. Thi...
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Shilling could weaken if Treasury dumps external commercial loans – Report
By Kepha Muiruri,
2007, January 21, 2020 (EAT)
Analysts at Genghis Capital have raised fresh concerns on the volatility of the shilling should the National Treasury’s plan to stop taking up exter...
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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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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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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’s budget projections are unrealistic, World Bank warns
By Kepha Muiruri,
950, October 31, 2019 (EAT)
Kenya should initiate realistic budget projections; the World Bank has told the National Treasury. In the latest publication of the Kenyan Economic...
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The force behind Uhuru’s calls for removal of interest rate caps
By Kepha Muiruri,
1201, October 19, 2019 (EAT)
President Uhuru Kenyatta’s rate interest cap repeal call to Parliament has been enforced, financial allied sector stakeholders now reckon. While ...
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Inside Treasury’s fresh public debt management strategy
By Kepha Muiruri,
1339, October 14, 2019 (EAT)
The National Assembly granted Treasury the green light to move Kenya’s borrowing ceiling to Ksh.9 trillion last Wednesday igniting the planning mini...
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Cytonn lines up first publicly funded debt issue
By Kepha Muiruri,
1831, October 7, 2019 (EAT)
Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D...
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Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt
By Kepha Muiruri,
1056, September 30, 2019 (EAT)
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...
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CBK out to close sale of treasury bonds worth Ksh.50 billion
By Kepha Muiruri,
1906, September 16, 2019 (EAT)
The Central Bank of Kenya (CBK) is expected to close out its sale of Ksh.50 billion worth of treasury bonds on Tuesday. While the previous tapping ...
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Equity Group doubles presence in DRC with new acquisition
By Kepha Muiruri,
1911, September 9, 2019 (EAT)
Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...
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SWILA: Why the 2019/20 portends tougher times for KPL
By Isaac Swila,
2219, September 5, 2019 (EAT)
Isaac Swila After a two-months break, action has resumed in the Kenyan Premier League for the 2019/20 season with a bang. Gor Mahia has seemingl...
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Kenya Airways board lukewarm on nationalisation
By Kepha Muiruri,
1220, August 28, 2019 (EAT)
The Board of Kenya Airways (KQ) has emerged half-hearted in its receipt of the government’s decision to nationalise the carrier. KQ which saw its...
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