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Equitel records Sh62.4 billion in transactions in first quarter of 2016

Equity Group’s mobile money platform, Equitel has registered speedy growth in the first three months of 2016, latest data from the industry regulator has shown. Third quarter statistics from the

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Business diary

Youth Excellence Summit at All Saints Cathedral The African School of Entrepreneurship, will on Wednesday, June 29 hold an event dubbed the Youth Excellence Summit (YES) at the Trinity Centre

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Business News highlights

Central Bank braces for ‘Brexit’ aftermath following historic vote Central banks across the world, including Kenya’s regulator, have pledged to take action to avert any breakdown in financial-market liquidity in

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Business news briefs

Invest in Africa launches Kenyan subsidiary as group moves to empower local SMEs Invest in Africa (IIA), an organisation that seeks to empower entrepreneurs and business owners across the continent,

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Fusion Capital tests market with Sh2.3bn Reits offer

The public offer for Fusion Capital’s D-Reit (Development Real Estate Investment Trust) opened yesterday with some 100 million units going on sale at Sh23 each. The Sh2.3 billion offer will

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Imperial Bank shareholders contest CBK plan to sell lender’s assets to NIC

Imperial Bank Limited (IBL) shareholders are protesting a move by the Central Bank of Kenya (CBK) to sell the lender’s assets to NIC Bank. Though CBK’s plan seeks to bring

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Maize shortage leads to skyrocketing flour prices  

Maize meal consumers are set to dig deeper into their pockets as Kenya continues to experience a maize shortage that will cause a jump in flour prices across the country.

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AIG merges subsidiaries to become Africa’s one stop online destination

Africa Internet Group (AIG) has merged its companies with Jumia’s ecosystem in a bid to give consumers access to products and services from its leading platforms. Customers can now access

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Motor insurance ranked the most vulnerable sub-sector in terms of fraud

Motor insurance has been ranked the most vulnerable sub-sector in terms of fraud in the first quarter of 2016, an analysis from the Insurance Regulatory Authority Insurance Fraud Investigation Unit

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Central Bank braces for ‘Brexit’ aftermath after historic vote

Central banks across the world, including Kenya’s regulator, have pledged to take action to avert any breakdown in financial-market liquidity in the aftermath of a UK vote to leave the