BUSINESS NEWS
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Safaricom CEO Bob Collymore is reportedly set to leave the telecommunications company before the end of this year.
Reuters reports that Collymore, 61, plans to step down in August over health reasons but the company has delayed announcing his successor over the government’s insistence that he must…
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Former Kenya Airways Chief Executive Officer Titus Naikuni has been appointed as Tata Chemicals' Director in South Africa.
Naikuni, who currently serves as the technical advisor to Tata Chemicals Magadi Ltd. CEO will now serve the interests of the global multinational in Durban.
“I am ready to take…
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The cabinet has approved a plan to construct an expressway linking Jomo Kenyatta International Airport (JKIA) to Nairobi central business district and Westlands.
The 28-kilometer highway bridge is expected to tackle traffic congestion in the Kenyan capital city.
During a visit to Beijing last…
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Kenya Airways has activated its codeshare agreement with Delta Airlines, paving the way for seamless travel in the US and Canada.
The codeshare gives KQ's business and leisure travelers an opportunity to enjoy greater connectivity in 11 US cities and four Canadian destinations.
Under the codeshare…
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Outgoing Equity bank Chairman Peter Munga,76, is set to pocket Sh50 million as a thank you token from the lender.
The package is in appreciation of his long service to the bank, which has become one of the most profitable lenders in Kenya and East Africa under his watch.
The sendoff package has…
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United States IT firm, Cisco has launched a Sh69 million incubation hub in Nairobi.
In a statement, the California-based company says the incubation center targets Small, Medium and Micro Enterprises (SMME’s) in the Kenyan ICT space.
The center is Cisco's first in East Africa and second in…
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Foreign currency deposits in Kenyan banks hit Sh581.9 billion in 2018, the latest data from the Central Bank of Kenya (CBK) shows.
This represents a 21.6 percent growth compared to Sh478.8 billion at the end of 2017.
Diaspora remittances have been named among the major drivers of the growth in…
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The Kenyan government has revealed plans to acquire a third Eurobond worth Sh250 billion.
National Treasury Principal Secretary Kamau Thugge says the funds will aid in paying off previous loans.
Kamau also says the borrowing is in line with Kenya's foreign borrowing plans for the current financial…
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A US Defence Department think tank has sounded a warning to Kenya and other African countries over Chinese funded projects.
Washington-based Africa Centre for Strategic Studies (ACSS) says African countries must adopt effective oversight and accountability mechanisms if they are to reap benefits…
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Kenya's Stanbic Bank has moved to auction several vehicles contracted by global mobile taxi hailing firm Uber.
This comes after the owners failed to service bank loans taken to purchase the vehicles.
In a notice published on local newspapers, the bank has put on sale 13 Suzuki Altos to recover…
