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CBK approves KCB’s acquisition of National Bank of Kenya
By Kepha Muiruri,
1913, September 2, 2019 (EAT)
The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...
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Bidco Africa Group CEO Ramamurthy retires
By Joseph Bonyo,
1257, July 16, 2019 (EAT)
Bidco Africa Group CEO Thiagarajan Ramamurthy has retired from the firm. In a statement Bidco Africa Chairman Vimal Shah said Ramamurthy, popular kno...
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Amazon workers in Germany strike over pay
By Reuters,
1325, July 15, 2019 (EAT)
More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. ...
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Government bond M-Akiba offering slides to 75 percent
By Kepha Muiruri,
915, June 12, 2019 (EAT)
M-Akiba, Treasury’s mobile traded bond, has hit a subscription rate of 75 percent to register a Ksh.187.5million uptake at close of sale on Friday. ...
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Banks shuttered as Sudan opposition stages second day of strikes
By Reuters,
2102, May 29, 2019 (EAT)
Banks in the Sudanese capital Khartoum came to a virtual standstill on Wednesday as protest and opposition groups organized a second day of strikes to...
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No employees should be sacked in CBA-NIC Group merger, banks told
By Reuters,
1951, May 14, 2019 (EAT)
The Competition Authority of Kenya approved has a proposed merger between Commercial Bank of Africa (CBA) and NIC Group, the regulator said in a state...
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Drought effects push inflation rate to 18-month high
By Kepha Muiruri,
1830, April 30, 2019 (EAT)
The Kenya National Bureau of Statistics (KNBS) has released its monthly consumer price index for the month of April quoting inflation at 6.58 percent....
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Truck drivers see orders, miles fall in latest U.S. slowdown signal
By Reuters,
1059, April 17, 2019 (EAT)
At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. His paycheck i...
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State of the Nation Address: President Uhuru Kenyatta’s full speech
By Benjamin Muriuki,
1902, April 4, 2019 (EAT)
President Uhuru Kenyatta on Thurday said the State of the Nation is "strong, vibrant and beaming with promise." Here is his full speech during this...
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Nigeria’s ‘proptech’ boom driven by rising mobile phone use
By Reuters,
843, April 3, 2019 (EAT)
Nigerians searching for their dream home to buy or rent are turning to the internet in droves, leading to a surge in the number of property-focused te...
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Apple, luxury brands drop China prices as VAT cuts come into effect
By Reuters,
1144, April 2, 2019 (EAT)
Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came i...
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Digital market space to create over 3 million job in Africa – Report
By Sherlyne Anyango,
1858, April 2, 2019 (EAT)
The digital market space could create over 3 million new jobs in Africa over the next six years. This is according to a new report released on Thursd...
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Investor education still a bug to M-Akiba uptake
By Kepha Muiruri,
1145, March 23, 2019 (EAT)
Experts have largely identified insufficient investor knowledge as the prevailing and underlying challenge to topping the uptake of the mobile phone t...
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4,000 youth to be attached to national and county gov’ts
By Citizen Reporter,
2041, March 21, 2019 (EAT)
Over 4,000 young Kenyans who graduated recently from the Generations Kenya programme will be attached to both National and County governments. The ...
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Cement sales tumble in property glut
By Kepha Muiruri,
836, March 5, 2019 (EAT)
The sale and production of cement has taken the heaviest battering from the ongoing glut in Kenya’s property market, this as developers adopt a caut...
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Suppliers bleed out from local retailers’ collapse
By Kepha Muiruri,
2002, February 6, 2019 (EAT)
Retail suppliers have taken the heaviest bruising from the failure of Kenya’s long-serving supermarkets which are sinking and taking with them insur...
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Safaricom’s overdraft service exceeds expectations – Collymore
By Reuters,
945, January 18, 2019 (EAT)
Safaricom notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO’s expectations, h...
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Retailers, suppliers reach deal to end late payments
By Kepha Muiruri,
1931, January 17, 2019 (EAT)
A section of retailers and suppliers drawn from Kenya’s expansive retail sub-sector on Thursday signed on a code of practice to facilitate the ethic...
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Ford and IBM among quartet in Congo cobalt blockchain project
By Reuters,
1200, January 17, 2019 (EAT)
Carmaker Ford (F.N), technology giant IBM (IBM.N), South Korean cathode maker LG Chem (051910.KS) and China’s Huayou Cobalt (603799.SS) have joined ...
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$1 trillion is leaving Britain because of Brexit
By CNN,
936, January 8, 2019 (EAT)
Brexit hasn't happened yet but it's already shrinking the United Kingdom's financial services industry. Banks and other financial companies have sh...
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