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Kenya Power to close counters by June 2027

Nairobi, June 8 -- Kenya Power will close its payment counters by June 2027 as the utility embraces the increased usage of digital channels by customers. The counters in Nyeri, Thika and Kisii will b... Read More


Old Mutual to clean balance sheet, resume dividend payout

Nairobi, June 8 -- Old Mutual Holdings is seeking to restructure its balance sheet with the goal of clearing accumulated losses, a decision that will allow it to pay dividends. The regional insurer p... Read More


Stanbic mulls startup entry in Addis to beat ownership limit

Nairobi, June 8 -- Stanbic Bank says it is ready and able to make a start-up operation in Ethiopia as it explores ways of circumventing a rule that caps foreign ownership at 49 percent when a lender e... Read More


She built a garden divided into rooms, with 2,000 plants

Nairobi, June 8 -- If Margarita Nyambura could speak to her 12-year-old self, the girl who used to stop by a prison fence each morning to pick orange and yellow flowers, she would tell her to keep goi... Read More


Employers are not ready for remote work, fuel strike revealed gaps

Nairobi, June 8 -- More than six years after Covid-19 triggered the world's largest work-from-home experiment, many Kenyan organisations are still struggling to function optimally. Some jobs can easi... Read More


Landowner wins Sh909m payout for Nairobi Southern Bypass asset

Nairobi, June 8 -- The National Land Commission (NLC) has been ordered to pay a Nairobi landowner Sh909 million within 90 days, ending a 12-year compensation battle over a property compulsorily acquir... Read More


Toyota dealer takes 99.4pc stake in KVM after Sh2.4bn investment

Nairobi, June 8 -- CFAO Mobility Kenya has taken a controlling stake of 99.4 percent in Thika-based Kenya Vehicle Manufacturers (KVM) after investing Sh2.4 billion in the assembler. The injection of ... Read More


Court backs Wells Fargo ATM staff sacking, cuts payout

Nairobi, June 8 -- The Court of Appeal has upheld a decision by security firm Wells Fargo Limited to dismiss a group of cash management officers for abandoning ATM services for contracted banks over a... Read More


Banks, analysts split on CBK benchmark rate call

Nairobi, June 8 -- Banks and market analysts have differed on the CBK benchmark interest rate decision as calls to raise and hold the key rate emerge amid a jump in domestic inflation. The Kenya Bank... Read More


Amazon picks Kenya for first African satellite gateway in Starlink challenge

Nairobi, June 8 -- Amazon will build its first African satellite ground station in Kenya to offer faster internet and mobile phone services, intensifying competition with Elon Musk's Starlink. The Je... Read More