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News Britam writes off Sh1.57bn HF investment Tuesday, June 4, 2019 11:45 By CHARLES MWANIKI Listed insurer Britam has written off another Sh1.57 billion from its investment in mortgage lender HF Group, raising the booked losses from the investment to Sh3.7 billion in the last three
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Counties City Hall to vet titles for public utility land Tuesday, June 4, 2019 12:33 By JAMES KARIUKI Investors holding title deeds and lease certificates for plots standing on public utility land in Nairobi County will be denied approvals to build residential or commercial properties. Governor Mike Sonko said
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BEIJING/WASHINGTON (Reuters) - China warned its companies operating in the United States on Tuesday they could face harassment from U.S. law enforcement agencies, as it also rebuffed U.S. criticism of a trade white paper as “singing the same old tune”. Flags of U.S. and China are
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Companies Burger King to invest Sh270m in expansion Monday, June 3, 2019 21:23 By DOREEN WAINAINAH Fast food retail chain Burger King is set to invest over Sh270 million to open new branches in Kenya in the short-term as it ramps up its expansion. Burger King, which recently opened
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Economy 83pc of bank notes to be withdrawn by October 1 Tuesday, June 4, 2019 10:51 By EDWIN OKOTH More than 80 percent of the value of Kenyan currency notes in circulation will be withdrawn by October 1 following the introduction of the new Sh1,000 notes in a
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Companies KCB Group funds teachers meeting Monday, June 3, 2019 21:24 By KEVIN ROTICH KCB #ticker:KCB has reaffirmed its commitment to sponsor the upcoming head teachers’ conference in Mombasa. The bank committed Sh20 million to the Kenya Secondary School Heads of Association (KESSHA), ahead of their 44th Annual
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Companies Twiga to boost food safety drive with Sh1bn support from IFC Monday, June 3, 2019 21:25 By GEORGE OMONDI Twiga Foods, a Kenyan-based technology food distribution platform, has moved to the frontline of Kenya’s food safety campaign with a commitment to oversee operations of the entire value
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Counties Portland Cement to cut 220 jobs in turnaround bid Monday, June 3, 2019 22:00 By STANLEY NGOTHO Cash-strapped East African Portland Cement Company (EAPCC) #ticker:PORT aims to raise operation capital, minimise energy cost and cut the payroll by a further 220 workers to turn around its fortunes.
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Counties Nyandarua eyes Ndaragwa Forest for town expansion Monday, June 3, 2019 22:00 By WAIKWA MAINA Nyandarua leaders want the national Government to hasten degazettement of a section of Ndaragwa Forest to pave the way for urban expansion. A motion by Ndaragua Central ward representative to have the 320-acre
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Counties Traders call for Sh10bn project account to pay small suppliers Monday, June 3, 2019 22:00 By MWANGI MUIRURI The Kenya National Chamber of Commerce and Industry now wants the Treasury to establish a Sh10 billion project account to pay medium- and small-scale government suppliers. This was in response
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The central banks of neighbouring countries have been warned to be on the lookout for individuals who might want to launder Kenyan money. Local banks and forex bureaus are also on high alert after the State set out to ensure that illicit money does not enter the financial system with
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Market News Low money circulation hurts River Road small-scale businesses Sunday, June 2, 2019 22:00 By MWANGI MUIRURI Business premises in Nairobi’s River Road district are having an uphill task attracting tenants thanks to withholding of government payments to suppliers and poor cash flow. While in the past