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Business news highlights

Tesco Suspends Supplies from Kakuzi

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Kenyan Wall Street | by Ibrahim Abdi UK retailer Tesco has suspended supplies from Kakuzi following a move by law firm Leigh Day to take...
domestic carriers, jambojet, domestic flights

Jambojet yet to set date for international flights

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Business Daily | by Gerald Andae Budget carrier Jambojet is yet to issue a date for resumption of international flights two months since the international...

KCB receives Sh16bn for climate, SME financing

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Business Daily | by Patrick Alushula KCB Kenya has received Sh16.3 billion ($150 million) funding from the International Finance Corporation (IFC) to finance climate change...

Rubis saves Sh1.2 billion in Gulf Energy buyout

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Business Daily | by Victor Juma French multinational Rubis Énergie has saved €10 million (Sh1.2 billion) in its takeover of Kenya’s oil marketer Gulf Energy...

Safaricom’s half-year profits tipped to swell by 11pc

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The Standard | by Wainaina Wambu Analysts have projected a 10.9 per cent jump in Safaricom’s 2021 half-year profits chiefly driven by fixed service and mobile data...

Kenya Power wants EPRA out of energy deals

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Business Daily | by Edwin Okoth Electricity distributor Kenya Power now wants the energy sector regulator removed from power purchase agreement (PPA) negotiations to reduce...

Britam not in a rush to sell 48.2pc stake in loss-making HF

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Business Daily | by Constant Munda Britam Holdings says it will only consider offloading part of its 48.22 percent in HF Group to strategic investors...

Women surpass men in setting up enterprises

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Business Daily | Faustine Ngila Women have by far surpassed men in terms of investment in small businesses during the past seven months, data released...