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MARKETS

Merger spurs chase for NIC bank stocks despite revenue decline

NIC bank (NIC: Sh31.60) gained 8.6 percent on the counter despite posting a 9.2 percent decline in net profits of Sh931 million by March...

Uchumi’s fate hangs on creditors meeting

It is D-day for Uchumi as it meets creditors to decide on the retailer's fate. The oldest Kenyan retailer will need an endorsement from its...

INSIGHTS

BUSINESS AND MONEY

NIC bank (NIC: Sh31.60) gained 8.6 percent on the counter despite posting a 9.2 percent decline in net profits of Sh931 million by March from Sh972 million in the first quarter last year. The impressive 8.8 percent increase in operating...
Kenya’s electricity generation firm, KenGen, will conclude payment for its 2009 infrastructure bond on October this year. KenGen Managing Director and CEO, Mrs. Rebecca Miano said the second last installment redemption of the 10-year PIBO was paid on April 30...

JOBS

Facebook is hiring a Head of Public Policy for East Africa

Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services,...