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Thursday’s Morning Brief – Nov 13

Tullow moves to appease locals with car lease contracts British exploration firm Tullow Oil has stepped up efforts to ease tension between the company and Turkana residents with the award of KES 225 million car-lease contracts to 36 local companies. Protests by locals demanding more jobs and business opportunities at the…
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Tuesday’s Morning Brief – Nov 11

Good morning, read on for  important business news in Kenya. Kenya’s Imports From the U.S. Triple Data from the Kenya National Bureau of Statistics show Kenya has bought goods worth KES 120.41 billion from the US over the period, compared to KES 42.85 billion last year, a 181% growth. India sold goods worth…
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5 Things You Should Know This Morning – Oct 28

Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market,…
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Kenya Airways Goes Up and Down This Past Weekend

It was a long weekend in Kenya. From Friday, the next working day was Tuesday given that Monday was Mashujaa (heroes) day. Kenya Airways during the period was in the news for reasons both positive and neative. Lets start with the reported crash landing of a Kenya Airways plane: Kenya Airways…
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5 Things You Should Know This Morning – Oct 21

Good times for depositors as Central Bank of Kenya (CBK) unveils new refund plan Governor Njuguna Ndung’u says CBK’s focus would now be directed to strengthening the deposit insurance design that will add value to the depositors and the financial system in general. He says the proposed measures, which are…
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Oct 15 Morning Bell: BAT Hits KES 1000 Again At The NSE

British American Tobacco Kenya Limited (BAT) was trading at KES 1000 as at 11.15 today on the Nairobi Securities Exchange. This was the second time the share has hit its all time high. The…
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5 Things You Should Know This Morning – Oct 10

Electricity costs drop on 210MW injection The decline follows the injection of 210 megawatts of geothermal power into the national grid, with 140 megawatts added to the grid in late July and the second tranche of 70 megawatts on September 16. Electricity prices are expected to drop by about 7.8…
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5 Things You Should Know This Morning – Oct 2

Kenyan shilling steady, stocks a fraction higher At 1300 GMT, commercial banks quoted the shilling at 89.25/45 to the dollar, compared with Tuesday’s close of 89.30/40. Traders said there were some dollar inflows from tea exporters and non-governmental organisations, which countered the demand for the U.S. currency. On the Nairobi Securities Exchange, the main NSE-20 Share Index…
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KQ Receives 6th Fully-Owned E-Jet

Kenya Airways targets increasing its fleet to 119 by 2021; while growing the number of destinations to over 115 from the over 50 that it currently flies to.
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8 Things You Should Know This Morning

Services paralyzed as workers’ protest spread The protest by City Council of Nairobi workers over delays in effecting a salary increment negotiated two years ago spread to other local authorities Monday, paralysing services. City Hall workers downed their tools last Thursday, abandoning vital services like…
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