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China unveils new Ksh.6 trillion kitty for Africa
By PSCU,
1550, September 3, 2018 (EAT)
The 2018 summit of the Forum on China-Africa Cooperation kicked off on Monday with China unveiling a new $60 billion (Ksh.6 trillion) kitty for Africa...
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Assassination attempt and protest send warning to Azerbaijan’s rulers
By Reuters,
1048, August 6, 2018 (EAT)
An assassination attempt and protest in Azerbaijan’s second city have sent a warning to the ruling elite that discontent is simmering in the tightly...
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Uchumi banks on franchising after Govt pulls plug on bailout
By Mumbi Warui,
1303, July 26, 2018 (EAT)
Uchumi Supermarkets has called for franchise bids for its Nairobi west branch just a month after it invited bids for its Langata Hyper branch. This...
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Govt rules out Uchumi bailout
By Mumbi Warui,
1739, July 10, 2018 (EAT)
Uchumi Supermarkets is staring at a bleak future with the government ruling out pumping in more money to revive the struggling retailer. Uchumi, wh...
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ARM Cement counts on shareholder loans for revival
By Reuters,
854, June 28, 2018 (EAT)
ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief ...
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Kenya eyes export slaughterhouse amid KMC privatization talks
By Kepha Muiruri,
1816, June 5, 2018 (EAT)
The government will set up the first export slaughterhouse in a move geared at boosting income for livestock farmers. The move will see the Djibout...
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Auditor casts doubts ARM Cement’s viability after losses
By Reuters,
1125, June 5, 2018 (EAT)
ARM Cement's independent auditor has cast doubt on the Kenyan company's survival as a going concern after losses mounted last year. The company, Ke...
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Home Afrika seeks investors amid growth in loss
By Citizen,
1322, April 30, 2018 (EAT)
Listed property developer Home Afrika has sunk to a Sh180 million loss for the year ended December 2017. This is a seven percent growth in loss, fr...
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Uhuru warns counties against wastage of resources
By PSCU,
1739, April 24, 2018 (EAT)
President Uhuru Kenyatta has asked governors to prudently utilize resources allocated to the devolved units to ensure Kenyans receive efficient and ef...
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SBM Holdings aims to put Ksh.6bn into Chase Bank
By Reuters,
1704, April 24, 2018 (EAT)
Mauritius' SBM Holdings said on Tuesday it aimed to inject $60 million in capital to Kenya's Chase Bank in a month's time. SBM Holdings Chairman Ki...
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Kenyatta-Odinga embrace shakes up Kenyan politics
By Reuters,
1511, April 15, 2018 (EAT)
A surprise handshake between President Uhuru Kenyatta and opposition leader Raila Odinga has stirred up Kenyan politics as the long-time rivals set th...
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Uchumi faces auction over Sh67m debt
By Sophie Kinoti,
1846, March 13, 2018 (EAT)
Struggling retailer Uchumi has 15 days to settle a Sh67.6 million debt to a supplier or face auction. Euromat limited, a local supplier has been gi...
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KCB profit stalls at Sh19.7bn
By Sophie Kinoti,
1647, March 8, 2018 (EAT)
The KCB Group has announced flat growth of its full year net profit which stood at sh19.7 billion. The stagnated growth was attributed to a one off...
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Uchumi postpones AGM as investor talks heat up
By Citizen,
1342, December 13, 2017 (EAT)
Uchumi Supermarkets has intensified negotiations with a strategic investor as it rushes to conclude a deal that could raise as much as Sh3.5 billion t...
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Uchumi upbeat about recovery despite CEO exit
By Citizen,
1659, December 7, 2017 (EAT)
Uchumi Supermarkets management has downplayed any negative impact following the abrupt exit of chief executive officer Julius Kipng’etich. Accord...
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Uchumi CEO Kipng’etich resigns
By Citizen,
1034, December 6, 2017 (EAT)
Uchumi Supermarkets chief executive officer Julius Kipng’etich has resigned from the retailer two years after his appointment. His departure from...
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Kenya Airways share price surges on relisting
By Citizen,
1328, November 29, 2017 (EAT)
Kenya Airways was off to a flying start at the Nairobi Securities Exchange (NSE) after re listing its shares following a two week debt and equity rest...
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Uchumi narrows full year loss to Sh1.7bn
By Citizen,
918, November 15, 2017 (EAT)
Uchumi Supermarkets restructuring efforts have began bearing fruit with the retailer narrowing its full year to June loss by 39 percent. In the lat...
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ARM Cement opens search for a strategic investor
By Reuters,
1051, November 13, 2017 (EAT)
ARM Cement is seeking a strategic investor to provide equity capital, the chief executive said on Friday, after its shares plunged following problems ...
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Uchumi taps former Nakumatt Exec. Dixon as COO
By Citizen,
1059, November 8, 2017 (EAT)
Listed retailer Uchumi Supermarkets has appointed Andrew Dixon as its chief operating officer (COO) as it continues to tie up its revival plans. Mr...
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