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ERC Doing Consumers More Harm Than Good?

Motorists queue for fuel at a petrol station. (Image: Capital FM) Ever since energy industry regulator Energy Regulatory Commission (ERC) took over price controls for fuel, the essential commodity has been on the high end of the cost list. On May 14th, the regulator increased the…
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Closing Bell – 21 May 2012

Safaricom was the day's biggest mover with 6.432 million shares of Eastern Africa's biggest telco traded. Scangroup was the day's biggest gainer, up 3.88% to close at KES 53.50 while Transcentury Limited lost 7.41% of its value to close at KES 25.
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Kenya Airways To Boost Local Air Travel

  A Kenya Airways Boeing 777-200ER. The airline has plans to increase its fleet for local and international operation. (Image: Aviationmecanicinfo.com) The national Carrier Kenya Airways is set to increase the up take of air travel when it opens its new projected routes around the country…
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National Oil Comes To Motorists' Rescue

National Oil has reduced pump prices for Super Petrol and Diesel Nationwide (Image: nockenya.co.ke) Petroleum Company National Oil Corporation has cut its pump prices down from the figures that industry regulator Energy Regulatory Commission (ERC) announced last week. National Oil has cut the prices of…
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CBK Issues New Guidelines on Deposit Taking Microfinance Institutions

The CBK has issued a new guideline for deposit taking microfinance insitutions that provides the necessary support and legal framework for DTMs to collect money from wananchi via their agency offices and marketing offices. Kind of like Co-op Kwa Jirani and KCB Mtaani, but for microfinance institutions.
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Samsung Extends Warranty to Two Years

Consumer electronics manufacturer, Samsung Electronics East Africa, has unveiled a two-year warranty support for its range of products and appliances. Dubbed the Samsung Smart Care 24 Month Warranty, Samsung Electronics will provide comprehensive service support across all its products for customers purchasing Samsung products from authorised…
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Water Supply in Upper Zones of Nairobi to Resume Soon

Residents of Upper Zones of Nairobi should expect normal water supply to resume by Wednesday this week. This comes after Nairobi City Water and Sewerage Company announced that repairs on the supply pipe from Sasuma Dam water are to be completed today. The supply pipe from…
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Closing Bell – 18 May 2012

Gainers Price (KES) Change (%) Limuru Tea Company Limited 451.00 10.00 CITY 245.00 8.89 Trans-Century Limited 27.00 8.00 Standard Group Limited 24.00 5.49 CFC Stanbic Insurance Holdings 8.00 4.58 Losers Price (KES) Change (%) Kenya Power and Lighting Company 14.15 5.67 Eveready East Africa Limited 1.70 5.56 Sammer Africa Limited…
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MTR Could Drop Below the Shilling Mark, CCK

Information industry regulator Communications Commission of Kenya CCK plans to bring down Mobile Termination Rates (MTR) to below one shilling. MTR is the amount of money an operator pays other operators when its subscribers call the other network. The regulator announced last month that it would be bringing down…
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Friday's Water Distribution Schedule

It been a week since the Sasuma Dam supply pipe got damaged following the heavy rains. Nairobi City Water & Sewerage Company LTD announced that it would take two weeks before normal water supply is restored. We have about one week to cope with poor water…
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