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Kenyans will soon know the contribution of tourism to the country’s wealth through a new tool that will measure the value tourists add to related sectors, their spending patterns and jobs that followed the expenditure. The Government is creating a special tool, known as the Tourism Satellite Account (TSA)
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While many other counties across Kenya are experiencing a cash shortage that has led to massive delays in payment of workers from July and a few others from May over reduced allocations from the National Treasury, the county assembly of Nyandarua has splashed Sh4.3 million for an 18-carat gold
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Huawei Developer Conference 2019, Huawei has officially announced Harmony OS (Hongmeng in Chinese) as its all in one Operating System to work across different platforms synchronously. Yu Chengdong, CEO of Huawei Consumer Business Group, said this Operating system will revolutionize Huawei’s ecosystem. As this OS works in the base
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French hotel chain Accor, the largest hotel chain outside the US, has slated the opening of its first MGallary Hotel Collection in Gigiri, Nairobi, in the first quarter of 2021. MGallary Gigiri will feature 105 rooms and suites, four restaurants, including an all-day dining venue, a signature dining experience and
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Direct cost implications of hauling cargo bt the Standard Gauge Railway (SGR) to Inland Container Port (ICD) in Nairobi is higher than earlier estimated, stakehoders in the cargo and logistics business warn They said the high cost is detrimental to the cost of doing business which ultimately trickles down to
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This is the second of two Islamic holidays celebrated worldwide each year. The day is meant to honour the willingness of Ibrahim to sacrifice his son as an act of obedience to God’s command. A gazette published on Thursday read “It is notified for the general information of the
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Companies Parliament has ordered the Treasury and NSSF to reject KCB’s proposed buyout of the cash-strapped National Bank of Kenya (NBK), throwing into confusion the already under way multi-billion-shilling transaction. The National Assembly’s Departmental Committee on Finance and National Planning has, in a report tabled Thursday in the
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Stanbic Holdings has posted a 14.38 percent jump in net profit in the half year ended June, boosted by higher interest and non interest income. The lender made a net profit of Sh4 billion in the period, compared to Sh3.5 billion in the same period last year. Net
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There is panic at Portland Cement as massive job losses are expected. This is after the board led by one Kinyua released a new structure that leaves out most positions. The cash-strapped portland cement appointed Mr. Stephen Kyalo as acting managing director in February this year following the firing of
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Sameer Africa has sacked its CEO Simon Ngigi, Kenyan Business Feed confirms. Sameer Africa PLC appointed Mr. Simon Ngigi as its Managing Director with effect in October 2018. Mr. Ngigi took over from Mr. Allan Walmsley who left the company after 6 years to pursue other interests. Mr. Simon Ngigi
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Central Bank of Kenya (CBK) has asked the media to help sensitise senior citizens in rural areas to exchange old Sh1,000 notes with new currency before October 1, saying all five denominations of the new notes are now in full circulation. Governor Patrick Njoroge said all commercial banks were
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Lawyers representing hundreds of Kenyan and Tanzanian victims of the 1998 embassy bombings are optimistic that the United States Supreme Court will rule to award a total of $4.3 billion (Ksh440 billion, Tsh9.8 trillion) to their clients. The top US court agreed in June to take up the