Business

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The rise, The fall

The rise East Africa Breweries Ltd East Africa Breweries Ltd was the week’s top gainer after edging upwards by 11.2 per cent during the period under review. The share price

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Business News Highlights

Nema receives 1Bn to mitigate climate change The National Environment Management Authority (Nema) has received Sh1 billion from the Adaptation Fund to help in mitigation of Green House Gas Emissions

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Uber slashes cab prices for Nairobi residents by 35pc

Uber, an American-based multinational online transportation company with operations in Kenya, has announced a 35 per cent reduction in its prices that will benefit customers using its services in Nairobi.

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Small borrowers to suffer should President signs Bill capping lending rates, Bankers Association warns

The Kenya Bankers Association (KBA) has urged President Uhuru Kenyatta to dismiss a law seeking to cap lending rates, saying the Bill would disadvantage small borrowers. According to KBA CEO

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‘Senator Keg’ sales help lift EABL profit up by Sh0.8bn

East African Breweries Limited (EABL) has recorded a Sh0.8 billion (7 per cent) jump in profit for the financial year ended June 30, 2016. The beer maker posted a profit

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30,000 sorghum farmers benefit from rebound of Senator beer

More than 30,000 sorghum farmers have benefited since the rebound of East Africa Breweries Ltd’s (EABL’s) ‘Senator’ drink, the beer maker said. Kenya Breweries Ltd (KBL) Managing Director Jane Karuku

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KCB to determine Chase Bank’s future as lender seeks to unlock billions in frozen deposits

Chase Bank patrons will soon be able to access a larger portion of their deposits as the lender’s receiver manager, KCB carries out a due diligence report on the financial institution.

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Spire Bank moves to increase SME portfolio as lender invests in low-cost housing

  Spire Bank has announced plans to increase its Small and Medium-sized Enterprise (SME) portfolio by investing in low cost housing in Kenya. The lender has said the move is

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Business News Briefs

Kenyatta urges private sector to pass on benefits of cheaper power to consumers President Uhuru Kenyatta has urged private sector players to pass the benefits of cheaper power to consumers

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Business News Highlights

Reducing price of staple foods by 10pc could lift 500,000 out of poverty, save consumers Sh71Bn million a year, says WBG Reducing the price of staple foods by 10 per