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By CONSTANT MUNDA More by this Author Some Sh25 billion has been allocated for the ongoing construction of dams in the financial year starting July, amid questions over previous use of money for the projects. The expenditure plan for fiscal year 2019-20 tabled before the National Assembly end of April
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By CONSTANT MUNDA More by this Author Some Sh25 billion has been allocated for the ongoing construction of dams in the financial year starting July, amid questions over previous use of money for the projects. The expenditure plan for fiscal year 2019-20 tabled before the National Assembly end of April
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By GERALD ANDAE More by this Author The Kenya Airports Authority (KAA) is on the spot for a lack of scaring kits at major airports to curb bird strikes blamed for emergency landings and repair costs running into millions of shillings. The Kenya Civil Aviation Authority (KCAA), which is mandated
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News MPs begin probe of NBK takeover deal Tuesday, May 14, 2019 20:41 By DAVID MWERE A parliamentary committee is today expected to start investigating the proposed takeover of National Bank of Kenya (NBK) #ticker:NBK by KCB Group #ticker:KCB, focusing on the valuation and whether the interests
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Companies East African Cables bags Sh48m Kenya Power deal Tuesday, May 14, 2019 20:40 By BRIAN NGUGI Electrical and communications wires manufacturer East African Cables #ticker:CABL has bagged a deal to supply electrical wires worth Sh48 million to electricity distributor Kenya Power #ticker:KPLC amid efforts to turn
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Companies CIC boss Tom Gitogo buys 4.2m shares Tuesday, May 14, 2019 20:39 By VICTOR JUMA CIC Insurance Group’s #ticker:CIC chief executive Tom Gitogo bought an additional 4.2 million shares currently worth Sh14.2 million in the Nairobi Securities Exchange-listed firm. The purchase, in the
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Companies Safaricom, Unicef unveil free internet Tuesday, May 14, 2019 20:37 By IVY NYAYIEKA Safaricom #ticker:SCOM has partnered with Unicef to launch a mobile information platform which will be accessible to the more than 31 million of the telco’s mobile subscribers for free. Through the partnership, users
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Companies StanChart funds KTDA’s Sh3.5bn fertiliser supply Tuesday, May 14, 2019 20:36 By GERALD ANDAE Standard Chartered Bank (Kenya) #ticker:SCBK has signed a Sh3.5 billion financing deal with Kenya Tea Development Agency (KTDA) for purchase of 95,000 tonnes of fertiliser to be distributed to
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By DOREEN WAINAINAH More by this Author Telco giant Safaricom has introduced free YouTube on its lower cost all-in-one bundle packages. The Sh1,000 and Sh2,000 packages are offering consumers 5GB worth of free YouTube in addition to free WhatsApp, with the extras seen as the telco’s response
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By ANNIE NJANJA More by this Author Technology firm Microsoft on Tuesday unveiled a research and development centre in Nairobi tasked with producing innovative solutions. The facility, dubbed Africa Development Centre (ADC) and which is the first of its kind in Africa, will help the multinational grow its market share
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Companies KCB invests Sh905m in Tanzania, Rwanda units Tuesday, May 14, 2019 20:33 By PATRICK ALUSHULA KCB Group #ticker:KCB has invested an additional Sh905 million in its Tanzania and Rwanda units to shore up their capital and position them for more growth. The lender provided Sh519 million to
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Shipping & Logistics Jambojet in new flights to Lodwar Tuesday, May 14, 2019 20:32 By BONFACE OTIENO Low-cost carrier Jambojet is set to introduce daily passenger flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to Lodwar, raising the competition for customers on the route that is also served