Safaricom record share price was overpriced by Sh250 billion, analysts say
With 22 days to go for Safaricom to announce its financial performance, the top telcos share price has hit record levels.
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Author: Newsroom
World Bank wants Saccos to rival banks
Your Sacco could give you more than three times your savings if Kenya adopts radical proposals by the World Bank.
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Mauritius lender takes Chase Bank deposits at 6.65 per cent
The conclusion of the Chase Bank SBM deal after Central Bank adjusted lending rates has handed depositors a Sh150 million haircut after the rate was locked at 6.65 percent.
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Kenya Power asks customers to buy electricity tokens from its banking halls after system collapse
Kenya Power has asked its customers to buy electricity tokens from its banking halls after its system started ‘experiencing delays in prepaid token generation.’
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Agha Khan fund nets over Sh200 million in Jubilee dividends
Jubilee Insurance top ten shareholders will carry home about Sh335 million in total dividends after the company posted a 15 percent rise in after-tax profits to Sh4.2 billion.
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Kenya mourns the death of veteran politician Kenneth Matiba
Kenya is mourning the death of veteran politician Kenneth Matiba. The outspoken politician passed away on Sunday night (April 15) at Karen Hospital in Nairobi.
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Sale of Imperial Bank set to rekindle fight between regulator and former shareholders
Some insiders are speculating on the sale of Imperial Bank with expectations that fellow Ismailia lender Diamond Trust Bank will acquire it in a deal similar to State Bank of Mauritius Chase Bank take over.
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Nyeri County names a female technochrat Caroline Wanjiru Karugu as its Deputy Govenor
Nyeri County has named Ms Caroline Wanjiru Karugu, a technocrat, as its Deputy Govenor.
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Kenya Power to enhance partnership with KAM to lower manufacturers’ energy costs
Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers (KAM) to carry out regular energy audits among manufacturers to maximize production efficiency.
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I&M Bank acquires Youjays Insurance Brokers
I&M Bank has acquired an insurance brokerage firm, Youjays Insurance Brokers, as it eyes to penetrate the insurance market.
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