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Listed telco Safaricom has announced a record Ksh.63.4 billion in its financial year ending March 31, 2019. The performance represents a 14.7 percent increase compared to last year’s Ksh.45.1 billion. During the same period under review, revenue for the giant telco also grew by
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Listed telco Safaricom has announced a record Ksh.63.4 billion in its financial year ending March 31, 2019. The performance represents a 14.7 percent increase compared to last year’s Ksh.45.1 billion. During the same period under review, revenue for the giant telco also grew by
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By PAUL WAFULA More by this Author Safaricom has reported a 14.7 percent jump in net profits for the year ended March 2019 to Sh63.4 billion. In the results released on Friday in Nairobi, voice service revenue grew by 0.3 percent to Sh95.9 billion while M-Pesa
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By PAUL WAFULA More by this Author Safaricom has reported a 14.7 percent jump in net profits for the year ended March 2019 to Sh63.4 billion. In the results released on Friday in Nairobi, voice service revenue grew by 0.3 percent to Sh95.9 billion while M-Pesa
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By PATRICK ALUSHULA More by this Author Rai family-owned Menengai Group is set to acquire water bottler and beverages firm Aquamist, giving it a footprint in the business. The Competition Authority of Kenya (CAK) has given its nod to the proposed transaction that will see Menengai acquire the entire issued
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By ERIC MATARA More by this Author The Ministry of Tourism has intervened in a bid to reverse a decision that downgraded the status of Naivasha as a conference hub. The Salaries and Remuneration Commission lowered the per diem rates for civil servants going to Naivasha because of what it
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The denial of credit to the extension of the Standard Gauge Railway (SGR) phase 2B or the lack of discussions to the said credit facility have in the past week dominated conversations in the public domain. While government has through State House vehemently rubbished information on the denial to a
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The denial of credit to the extension of the Standard Gauge Railway (SGR) phase 2B or the lack of discussions to the said credit facility have in the past week dominated conversations in the public domain. While government has through State House vehemently rubbished information on the denial to a
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By EDWIN OKOTH More by this Author Taxpayers coughed up Sh95 billion in five years to finance the standard gauge railway to June 2018 from imported goods alone. Data from the Kenya Revenue Authority shows that the Railway Development Levy introduced in 2013 to help fund the construction and operations
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By EDWIN OKOTH More by this Author Taxpayers coughed up Sh95 billion in five years to finance the standard gauge railway to June 2018 from imported goods alone. Data from the Kenya Revenue Authority shows that the Railway Development Levy introduced in 2013 to help fund the construction and operations
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By GEORGE OMONDI More by this Author The World Bank has approved Sh25 billion ($250 million) to help Kenya set up a mortgage refinancing company that will make it easier for banks to access long-term finance for cheaper home loans The multilateral lender said the cash will enable the country
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By JAMES KARIUKI More by this Author Increased investment in transport infrastructure saw businesses rake in Sh1.25 trillion in 2018, up 14.2 percent from Sh1.1 trillion realised in 2017. Road transport sub-sector, which has witnessed multi-billion shilling public investments increasing connectivity and easing movement of people as