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Business news highlights

safaricom plc

Safaricom takes 56pc stake in Ethiopia firm

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Business Daily | by Victor Juma Safaricom has raised its controlling stake in Global Partnership for Ethiopia, the consortium that has made a bid for...
central bank of kenya cbk

Cash-strapped banks step up push for State loans

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Business Daily | by Brian Ngugi Commercial banks have stepped up a push for cheap loans by the Central Bank of Kenya (CBK) to support...

Majority of SMEs finding it hard to pay employees on Covid woes

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Business Daily | by Constant Munda Six in 10 small-sized businesses are struggling to pay salaries amid depressed sales because of economic fallout as a...
avocado processing, export processing, agriculture

Kakuzi in Sh400m project to boost smallholder avocado farming

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Business Daily | by Brian Ngugi Agricultural firm Kakuzi will invest Sh400 million to increase the avocado output from small holder farmers and diversify into...
geothermal power station, kengen, gdc

KenGen Sh700m Djibouti power project begins next month

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Kenyan Wall Street | by Jackson Okoth Kenya Electricity Generating Company (KenGen) is set to begin drilling works on the US$6.5 million (KSh 709.8 million)...
safaricom house

Safaricom’s investment scheme gets CMA’s nod

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The Standard | by Frankline Sunday The capital markets regulator has approved Safaricom’s mobile investment product dubbed Mali. The move brings the telco a step...

April’s new car sales shoot up by 48pc

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People Daily | by Steve Umidha A 48 per cent surge in sales of new motor vehicles in April registered a rebound from March when...

Naivas takes over Tuskys space in Donholm mall

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Business Daily | by Bonface Otieno Naivas Supermarket has signed a lease agreement with the Greenspan Mall becoming the anchor tenant seven months after its...