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Business news highlights

Insurers cancel covers for modified cars

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Business Daily | by Patrick Alushula Thousands of motorists face cancellation of insurance covers as underwriters intensify a crackdown on modifications said to be compromising...

Food sellers ride on online platforms to beat Covid woes

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Business Daily | by Elizabeth Kivuva The online food delivery services has been growing in the past few years, allowing customers access to a variety...
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NMG half-year profit up 225pc on revenue jump

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Business Daily | by Patrick Alushula The Nation Media Group (NMG) has posted Sh410.7 million pre-tax profit for the first six months of the year,...

KCB completes acquisition of Rwanda’s BPR Bank

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Nation | by Peter Mburu KCB Bank has completed the acquisition of Rwanda’s second-largest lender, Banque Populaire du Rwanda (BPR). The move is part of an...
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Banks, CBK hold talks on return of mobile cash transfer charges

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Business Daily | by Patrick Alushula Banks are in talks with the Central Bank of Kenya (CBK) to reinstate charges on customers’ transfer of money...
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Focus on Covid-19 jabs and not lockdowns, trade groups insist

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Nation | by Peter Mburu and Ann Otieno Trade associations from retail, hospitality, and transport and entertainment sectors have backed calls for opening of the...

Cyber-attacks fall 13pc as firms boost security systems

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Business Daily | by Kevin Rotich Cyber-attacks on Kenyan organisations fell 13 percent in the first half of 2021, a new industry report shows, after...
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Power use hits record in first half on recovery

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Business Daily | by Elizabeth Kivuva Electricity consumption by homes and factories in Kenya hit an all-time high in the first six months of this...