Kenya Power net earnings for 2018 fall 63.7 percent to 1.9 billion. Revenue grew 3.8 percent to Sh95.5 billion but was weighed down with power purchase cost which shot up 4.5 percent to Sh84.1 billion.
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Mozambique will support Kenya’s bid for a seat at the world top security organ, the UN security council after joint talks were held on Wednesday.
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Safaricom deal to take M-Pesa abroad and muscle global players may have attracted competition at home as international brands also eye the local market.
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East African Cables limited owned by TransCentury was fined by the CMA for operating with a negative working capital and put on a monthly microscope to remedy their position.
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Banking counters are about to release their results led by Equity Bank which posted an 8 percent rise in net profits to September from Sh14.6 billion last year to sh15.8 billion.
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Telkom Kenya has today issued the requisite thirty-day notice to relevant authorities and company stakeholders, of an intended workforce-restructuring exercise. In the statutory notice to the Ministry of Labour, Telkom Kenya has indicated that it is considering declaring about 500 employees, redundant.
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The KCB Group Plc Board has appointed Mr. Andrew Wambari Kairu as the new Chairman of the Group Board of Directors. The appointment takes effect on October 24, 2018. Mr. Kairu takes over from Mr. Ngeny Biwott who has chaired the Group Board since 2013.
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A couple of suspicious trades in the run-up to the announcement of KenolKobil acquisition by French firm Rubis have put the move on ice following a crackdown by the regulator.
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After surging between October 16 and October 19, KenolKobil shares seems to be witnessing a correction at the Nairobi bourse.
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Telkom Kenya Monday became the third mobile operator in Kenya to hike calling rates following the new taxes.
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