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Companies Prime Bank’s net profit jumps 20pc to Sh567m Wednesday, May 22, 2019 21:01 By BRIAN NGUGI Prime Bank has reported a 20.4 percent jump in net profit for the first quarter ended March on higher interest and transaction-based income. The lender’s profit stood at Sh567.
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Companies German pharma launches diabetes, hypertension app Wednesday, May 22, 2019 21:01 By NASIBO KABALE German pharmaceutical firm Boehringer Ingelheim has launched a free app to help in treatment and management of diabetes and hypertension. Boehringer Ingelheim in partnership with PharmAccess have launched Tiba Yako, a healthcare programme aimed
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Companies DTB books Sh60 million gain in Habib acquisition Wednesday, May 22, 2019 21:00 By PATRICK ALUSHULA Diamond Trust Bank (DTB) #ticker:DTK booked a bargain purchase gain of Sh59.8 million on acquisition of Habib Bank Limited’s (HBL) branch operations and assets. The bank has disclosed that
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Technology Innovations will eat up jobs, but they will also create new ones Wednesday, May 22, 2019 21:00 By LYNET IGADWAH That emerging technologies are threatening to take away jobs initially done by humans, is no longer news. The fourth industrial revolution is here and promises to bring even
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By VICTOR JUMA More by this Author Kenya Airways has revived plans to implement a rights issue by selling new shares to small investors at a huge discount. The transaction was earlier estimated to raise more than Sh1.5 billion. The national carrier remained silent as the deadline for the
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Companies National Cement secures IFC debt for ARM deal Wednesday, May 22, 2019 20:57 By VICTOR JUMA The International Finance Corporation (IFC) and KCB Group #ticker:KCB are financing part of National Cement’s Sh5 billion bid for ARM Cement’s #ticker:ARM Kenyan operations. National Cement, which is
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- The net profit jumped from KSh 5.2 billion in first quarter of 2018 to KSh 5.8 billion - Growth was attributed to among other things a healthier loan book and drop in interest expenses - KCB Group boss Oigara said performance was also as a result sustained
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Companies Credit Bank ranked amongst top performing banks Wednesday, May 22, 2019 20:51 By BD REPORTER | Credit Bank scoops best leading bank in its category during Think Business Banking Awards 2019 amongst other awards. Think Business Banking awards recognizes Credit Bank amongst top performing banks during the gala awards.
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Columnists LETTERS: Digital economy lessons from summit Wednesday, May 22, 2019 20:24 By ALEXANDER OPICHO | The 2019 Transform Africa Summit that was held in Kigali, Rwanda, came to a very colourful end on May 17. The summit, which was primarily held to discuss management of the digital economy in
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Columnists The crucial role of food diversity in nutritional security Wednesday, May 22, 2019 20:24 By EMMANUEL ATAMBA | The human right to food is yet to be fully realised in Kenya. More than 10 million Kenyans suffer from chronic food insecurity. One-quarter of children under five years old are
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Columnists It’s time varsities tapped IT potential Wednesday, May 22, 2019 20:24 By BITANGE NDEMO The decision by Microsoft to invest $100 million (Sh10 billion) in a first-ever development centre in Nairobi is a recognition of the rising importance of African IT talent. At the same time, it
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Editorials EDITORIAL: Mortgage plan timely Wednesday, May 22, 2019 20:16 By EDITORIAL Treasury’s push for the implementation of Kenya’s new mortgage refinancing company to help would-be homeowners who struggle to secure home loans offers hope for many middle income earners who have hitherto been locked out of