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Business news highlights

Kenya Railways unveils Limuru-Nairobi train service

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People Daily | by Alvin Mwangi The Kenya Railways Corporation has launched a new train service that plies from Limuru to Nairobi’s Central Business District...
vodacom

Vodacom gets M-Pesa platform buyout offers

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Business Daily | by Victor Juma South Africa’s telecoms operator Vodacom Group has received offers from parties interested in buying into its continental mobile money...

Kakuzi to sue KHRC for lack of evidence in rights abuse claims

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Business Daily | by Sam Kiplagat British-owned firm Kakuzi Plc says Kenya Human Rights Commission (KHRC) has not furnished any evidence to support claims of criminal...

Stanbic Bank records Sh1.9 billion net earnings in Q1, 2021

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Kenyan Wall Street | by Jackson Okoth Stanbic Bank Kenya has registered a 26.7% increase in Net Earnings at the end of the first quarter...
kenya power electricity lines

Kenya Power drops workers layoff plan amid strike threat

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Business Daily | by Bonface Otieno Kenya Power has made a U-turn on plans to lay off an unspecified number of employees from its 10,481 workforce...
safaricom plc

Safaricom consortium gets licence to enter Ethiopia

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The Standard | by Frankline Sunday Safaricom can now tap into the lucrative Ethiopian market after the country awarded an operating licence to a consortium...

Absa Kenya Q1 profit up 24pc to Sh2.4bn

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Business Daily | by Patrick Alushula Absa Bank Kenya net profit for the first quarter of the year has increased 23.7 per cent, driven by...
kenya power electricity lines

Kenya Power makes U-turn on cutting jobs

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Business Daily | by Brian Ngugi Kenya Power has made a U-turn on plans to lay off an unspecified number of employees from its 10,481...