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Hundreds of KQ staff set to be fired as carrier right sizes operations
By Kepha Muiruri,
1740, July 4, 2020 (EAT)
Hundreds of Kenya Airways (KQ) employees are expected to lose their jobs as the firm commences a right sizing exercise as the company deals with the f...
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KQ shares suspended from trading on the NSE
By Kepha Muiruri,
2249, July 3, 2020 (EAT)
The shares of carrier Kenya Airways has been suspended from trading on the Nairobi Securities Exchange (NSE) effective Friday. The suspension, a ro...
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Co-operative bank given green-light to acquire Jamii Bora
By Kepha Muiruri,
1054, July 2, 2020 (EAT)
The shareholders of Jamii Bora bank has approved the acquisition of the lender’s majority stake by the Co-operative Bank of Kenya in meeting held We...
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David Ansell retires as Equity Group Board Chair, Prof. Isaac Macharia takes over
By Citizen Reporter,
1752, July 1, 2020 (EAT)
The Equity Group Board has appointed Prof. Isaac Macharia Equity Group Holdings Board Chairman to take over from David Ansell. Ansell did not offer...
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Treasury to recapitalize Kenya Airways to the tune of Ksh.7.5 billion
By Kepha Muiruri,
1706, June 26, 2020 (EAT)
The government is expected to pump in additional capital as it seeks to transition Kenya Airways (KQ) into a fully owned State entity. According to...
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The money trail: How jailed Sirisia MP John Waluke distributed Ksh.297M in two days
By Benjamin Muriuki,
1203, June 26, 2020 (EAT)
The sentencing of Sirisia Member of Parliament (MP) John Koyi Waluke to 10 years in prison or pay a fine of close to Ksh.1 billion for defrauding a St...
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Sirisia MP John Waluke sentenced to 10 years in jail or pay Ksh.727M fine
By Benjamin Muriuki,
2112, June 25, 2020 (EAT)
Sirisia Member of Parliament (MP) John Koyi Waluke has been sentenced to 10 years in prison or pay a fine of Ksh.727 million for defrauding the Nation...
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Stan-Chart shaves Ksh.2.6 billion from shareholder pay on COVID-19 fears
By Kepha Muiruri,
1319, June 20, 2020 (EAT)
Standard Chartered bank has halved its final dividend to shareholders to Ksh.7.50 a share from an initially declared Ksh.15 per share pay-out. In a...
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Centum retains dividend at Ksh.1.20 per share as profits rise to Ksh.4.6B
By Kepha Muiruri,
1212, June 13, 2020 (EAT)
Centum Group has retained its shareholder pay out at Ksh. 1.20 a piece or a combined Ksh. 798million after booking a 12 percent growth in the year end...
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Safaricom finance boss exits to join mother company Vodafone
By Kepha Muiruri,
1443, June 10, 2020 (EAT)
Safaricom Chief Finance Officer Sateesh Kamath is set to exit the giant telco at the end of the month ending a three and half year stint. This foll...
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Samsung leader appears in court, awaits decision on whether he’ll be jailed again
By Reuters,
1007, June 8, 2020 (EAT)
The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations includi...
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Premier League agrees five substitutes for season restart
By Reuters,
2124, June 4, 2020 (EAT)
Premier League clubs will be able to use five substitutes, rather than the usual three, when the season resumes on June 17, it was announced on Thursd...
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Tullow Oil completes early oil pilot as contract expires
By Kepha Muiruri,
1217, June 2, 2020 (EAT)
British based oil explorer Tullow Oil along with its joint venture partners have announced the completion of the Early Oil Pilot Scheme (EOPS) for Ken...
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Equity quarterly profit falls to Ksh.5.3 billion
By Kepha Muiruri,
808, May 29, 2020 (EAT)
Equity Group has posted a reduced Ksh.5.3 billion quarterly profit from Ksh.6.2 billion in 2019. The reported 14.5 percent drop in profit between J...
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Kenya Airways seeking Ksh.4 billion Gov’t loan to stay afloat
By Kepha Muiruri,
1124, May 28, 2020 (EAT)
National carrier Kenya Airways (KQ) says it is seeking an additional Ksh.4 billion in government support to stay afloat through the pandemic. The n...
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IMF backs dividend withdrawals by banks
By Kepha Muiruri,
1636, May 27, 2020 (EAT)
The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...
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Jubilee Holdings retains Ksh.9 per share payout
By Kepha Muiruri,
1453, May 22, 2020 (EAT)
Jubilee Holdings has overlooked its flat earnings for the year ending in December 2019 to retain its shareholder pay out at Ksh.579.8 million or an eq...
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NCBA Group records Ksh.2.4B pre-tax profit for quarter ending March 31
By Citizen Reporter,
1249, May 20, 2020 (EAT)
The NCBA Group PLC (NCBA) has recorded a pre-tax profit of Ksh. 2.4billion for the quarter ending March 31, 2020. Total operating income for the qu...
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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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Covid-19: Europe’s leading global airline is losing $1 million an hour and needs a bailout
By CNN,
947, May 6, 2020 (EAT)
Lufthansa is locked in crunch talks with the German government on the terms of a rescue deal, as it fights to avoid bankruptcy while keeping state inf...
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