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Business news highlights

NCBA net profit drops 45pc on loan loss provisions

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Nation | by Paul Wafula The NCBA Group has reported a 45 per cent drop in profit-after-tax to Sh2.5 billion in the nine months to...
kenya parliament, national assembly

Betting firms spared 50pc local shareholding plan

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Business Daily | by John Mutua Parliament has rejected State’s bid to compel betting firms to cede at least 50 percent of their shareholding to...

Labour court halts Finlay Flowers from laying off 700 workers

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Business Daily | by Joseph Openda The Employment and Labour Relations Court in Nakuru has suspended plans by James Finlay Kenya Limited (Finlay Flowers) of laying more...

Kenya Airways starts direct Mombasa-UAE cargo flights

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Business Daily | by Gerald Andae Kenya Airways has started direct cargo flights between Mombasa and United Arab Emirates as the airline enhances freight business...
kenya power, electricity bills, electricity costs, electricity supply

Electricity demand rises sharply as economy picks up pace

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The Standard | by Macharia Kamau Electricity consumption has risen sharply over the last two months as economic activities pick up pace following months of...
kenya ports authority mombasa

KPA wins reprieve in Sh56bn container terminal legal battle

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Business Daily | by Philip Muyanga Kenya Ports Authority has got a reprieve after the court dismissed a petition challenging sea sand harvesting in South...

Williamson Tea posts Sh34m profit

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The Standard | by Frankline Sunday Listed company Williamson Tea has posted Sh33.9 million in profit after tax for the six months ending September 30, 2020. The firm...

East African Cables issues profit warning

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Nation | by Paul Wafula East African Cables Plc has issued a profit warning for the year ending December 31, 2020. This means that the...