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Business news highlights

Investors stir LPG sector with Sh4b cash injection

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People Daily | by John Otini Kenya’s booming LPG market has attracted a Sh4 billion worth of investment coming on the back of a 74...
budget, treasury, public borrowing

Firms say pending bills delaying plans to claw back jobs

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Business Daily | by Constant Munda Kenyan businesses have warned accumulating State arrears to contractors and suppliers will weaken corporate recovery plans from Covid-19 economic...

Central economic bloc proposes harmonisation of alcohol laws

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Business Daily | by Reginah Kinogu The Central Region Economic Bloc (Cereb) has proposed the harmonisation of alcohol regulations in its member counties. This is the...

Co-op Bank to focus on local expansion

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Business Daily | by Victor Juma Co-operative Bank will invest aggressively in the Kenyan market over the next five years, putting on hold earlier plans...

Citi projects Safaricom’s net earnings to hit Sh78.7 billion in 2023

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Kenyan Wall Street | by Jackson Okoth Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted...

Eyes on Amana as customer funds shrink 85 percent

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Business Daily | by Patrick Alushula and Otiato Guguyu Amana Unit Trust fund’s assets under management shrunk by 65.9 percent to Sh203 million in the...

KenGen eyes data centre in revenue drive

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Business Daily | by Patrick Alushula Kenya Electricity Generating Company (KenGen) plans to set up a commercial data centre for housing servers, network and storage...

KQ spends Sh62 million to quarantine staff in hotels

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Business Daily | by Bonface Otieno The Kenya Airways (KQ) spent Sh62.3 million in two-and-a-half months to quarantine its cabin crew in Nairobi’s high-end hotels,...