LG Electronics Inc. (LG) has reported a Ksh 153.15 billion profit for the first quarter of 2023, the third-highest first-quarter profitability in the company’s history. Revenue for the same period …
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Letshego Kenya Limited, a subsidiary of Letshego Holdings Limited (Letshego Group), has partnered with Creditinfo Kenya to launch LetsGo Cash, a self-service and short-term instant loan that gives customers access to …
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Bank of Kigali customers will now track their loan repayment schedules, interest costs, and outstanding balances on their mobile phones. This follows the activation of a Loan Repayment Feature on …
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Insurance broker, Minet Kenya has unveiled an insurance cover that allows small and medium enterprises (SMEs) in Kenya to mitigate against risks they feel most vulnerable for as low as …
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Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State of the Industry Report on …
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Standard Chartered and the IFC announced the signing of a USD700 million investment in the IFC’s Global Trade Liquidity Programme (GTLP) to support global trade finance. Since the launch of …
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Standard Chartered Kenya in partnership with Somo has today unveiled an ‘Access to Finance Programme’ that will support disadvantaged women by giving them access to small ticket loans ranging from …
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Old Mutual General Insurance has more than doubled its profit before tax for the year ending December 31st, 2022 to Kes. 1.24 billion up from Kes. 543.46 million registered within …
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Easter might have ended on the calendar but not at LG Electronics. At LG, Easter is on until the end of this month. The giant company is giving some of …
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There is a shortage of onions in Kenya at the moment. The country is now relying on Tanzania for a 90 percent supply of onions on the market. Although onions …
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The Kenyan private sector economy continued to run in contraction territory in March, the latest survey data showed, as business activity and new orders decreased for the second month running …
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Easter is here with us. It is going to be a long weekend. Kenyans will leave their workplaces on Thursday evening and report back on Tuesday morning. After a series …
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LG Electronics East Africa has announced price cuts of its home appliances by up to 21 percent ahead of the Easter season. This means customers will be able to save …
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BK Group Plc shareholders are set for a 3.73 shillings per share dividend earnings for the full year ended December 2022, representing a 50 percent payout of the Group’s after-tax …
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It is raining across Kenya but the Kenya Meteorological Department says that the rains will not last for long. Soon, the massive heat that has been sweeping across the country …
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When you think about developed markets, there are established traditional finance operators whose services are accessible to millions. However, Web3 technology can still play a critical role in these markets …
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CFAO Motors Kenya has unveiled the all-new Suzuki XL6, a versatile mid-size station wagon model, featuring a sleek and modern design with a spacious and comfortable interior on the Kenyan …
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Kenya Airways has shut down offices in Kisumu (Kenya) and Johannesburg (South Africa) over the planned “National Shutdown” demonstrations set for Monday. Kisumu has been experiencing demonstrations throughout the week …
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According to the World Travel and Tourism Council’s latest Economic Impact Report (EIR), the African Travel and Tourism sector’s GDP is estimated to grow at an average rate of 6.8 …
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KCB Group PLC recorded 40.8 billion shillings in profit after tax for the full year ending December 2022. This was a 19.5 percent rise in profitability from KShs.34.2 billion reported …
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Kenya’s Stima Sacco has resumed instant ATM processing services at all their branch, giving customers the convenience of accessing services such as withdrawals without a hustle. “We wish to inform …
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Safaricom CEO Mr. Peter Ndegwa has brushed off speculations that he is leaving the giant telecommunications company in April terming such allegations as “noise.” According to Mr. Ndegwa, his contract …
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Kenyans should prepare to dig deeper into their pockets to afford a 2-kilogram packet of maize flour (Unga). A section of millers has said there is no other option but …
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Shareholders at the Stanbic Bank Kenya will, subject to approval at the next Annual General Meeting, enjoy 4.98 billion shillings in dividends, being 55 percent of the 2022 profit after …
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Word on the street has it that Joshua Oigara, the former CEO of Kenya Commercial Bank (KCB Group) might be headed to Safaricom as the new Chief Executive Officer (CEO). …
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The once vibrant and giant in the retail sector in Kenya, Tuskys Supermarket, has shut down its Kenyatta Avenue Branch pushing it closer to completely winding out from the history …
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Carrefour Kenya has appointed a new country manager amid its expansion quest in East Africa. The appointment comes after rumors of a controversial exit of the holder of the position …
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Kenya’s fastest-growing sacco in asset base, Stima Sacco, has approved the payment of a first and final dividend of 15 percent on share capital to its members for the financial …
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Absa Bank Kenya has appointed Abdi Mohamed as Chief Executive Officer (CEO) and Managing Director to replace Jeremy Awori. Jeremy, who left last year, has been appointed as the CEO …
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A new PMI survey by Stanbic Bank Kenya has shown that Kenyan businesses recorded a sharp decline during the month of February on account of tax woes, high cost of …
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The Kenya Banker’s Association (KBA) has ranked the Co-operative Bank of Kenya as the best bank in customer experience. Family Bank came in second with KBA noting that the customers …
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The United States of America consumes the most fuel in the world on a daily basis. It uses 19.89 million barrels each day.
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The controversy surrounding China Square continues to get thicker by the day. Many have been made to believe that Lei Cheng is the sole owner of China Square. It appears …
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KCB Group is set to open 12 new branches in Kenya and Tanzania. This will take the total number of branches of KCB Group in the region to 510 from …
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Customers who purchase the HINO FC 500 Truck or bus between now and March 31, 2023, will drive away with fuel worth 75,000 shillings. The offer will cut across individuals, …
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Kenya’s telecommunications giant, Safaricom PLC, has announced the appointment of Ms. Karen Kandie and Ms. Ory Okolloh as new members of the Board of Directors effective immediately as it pursues …
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Tanzania’s Taifa Gas has launched in Kenya, officially posing competition for Kenyan local suppliers, a move that analysts say will lower the cost of cooking gas that is currently biting …
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The alleged mysterious disappearance of cash from the bank accounts of a section of customers belonging to Equity Bank Group has landed on the floor of the Kenyan Senate. Nominated …
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Kenya’s real estate company, Mi Vida Homes has finally launched one of its most affordable housing projects, KEZA, situated at the Riruta/Naivasha Road junction, further boosting the government’s efforts to …
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KCB Group has announced the forming of a special team that will be mandated with recovering bad loans. The team will report directly to the Group CEO Paul Ruso. The …
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The banking sector in Africa has been growing steadily over the years. There are at least 763 commercial banks located across the 54 countries that make up the African continent. …
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Safaricom is set to become a purpose-led technology firm by 2025. This was revealed during the first-ever investor day held on Wednesday. During the forum, executives from Safaricom gave a …
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There seems to be an explosion of skyscrapers in Africa. In every city you visit, skyscrapers are popping up overnight. The increased demand in office spaces across the continent has …
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Super Metro Sacco, one of Nairobi’s leading public transport operators, announced the introduction of its first electric bus as part of its fleet. Supplied by Kenyan electric mobility startup BasiGo, …
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Airtel Kenya has announced that it will introduce 5G mobile broadband services in Nairobi. The telecommunications company will target “high-income” neighborhoods within the city county because “they have the gadgets …
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BDO East Africa, a public accounting, tax, and advisory firm, has expanded its Kenyan operations to serve the growing demand for outsourced financial services from the USA and European markets. …
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LG Electronics is pleased to announce Dong Won Lee as its new Regional Managing Director for East Africa (EA). He replaces Sa Nyoung Kim who served as LG EA Managing …
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Nairobi is a difficult city to set up and run a business, but those who do, end up making a killing. The reason why it is difficult to set up …
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Kenya’s leading real estate developer, Mi Vida Homes has sold 100 percent of its one-bedroom apartments and 75 percent of its studio apartments at its latest project months before groundbreaking, …
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The National Health Insurance Fund (NHIF), initially National Hospital Insurance Fund, will soon be changing its name to National Social Health Insurance Fund (NSHIF). The Cabinet Secretary for Health Susan …
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The United States of America has been hit by an acute egg shortage. At least 47 states have reported a more than 90 percent drop in egg supply. The country …
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Bank of Kigali has donated KSh124.5 million to its charitable arm for philanthropic support of needy groups across Rwanda. The Foundation will continue different charitable initiatives currently run under BK’s …
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The Central Bank of Kenya is still in the process of vetting and approving digital lenders in Kenya. So far, the banking regulator has fully approved 22 lenders with an …
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A landlord in Kisumu has put up an ad in a newspaper to auction eight underwears belonging to his former tenant who moved out without paying rent. According to the …
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East African Breweries PLC (EABL) has reported Kshs 57.3 billion in net sales for the half year ended 31 December 2022, representing a 4 percent growth compared to the same …
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Fairly priced smartphones helped some mobile vendors to keep up their shipment numbers in a tough year characterized by a general slow-down in the economy, realme PR and Marketing Manager …
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RUBiS Energy Kenya has launched a 4-week challenge dubbed ‘Fanikiwa na Ultra Tec’, rallying motorists to use Ultra Tec fuel to gauge their fuel consumption and how much they can …
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The Government of Kenya, through the Ministry of Water, Sanitation and Irrigation is auctioning at least 109 vehicles. Some of the cars will be sold for as low as 5,000 …
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The development and acceptance of digital currencies in Africa have been truly monumental. Although in 2022, the digital asset industry saw several high-profile breaches of trust and was largely characterized …
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BasiGo and AVA have announced a partnership that will see the latter assemble modern electric buses for BasiGo in Kenya. In January 2023, AVA successfully completed the final assembly of …
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Kenyans have been warned against taking a loan from a mobile loan app by the name KeCredit that operates under Mulla Pride Limited after complaints emerged that the company threatens …
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Egerton University is set to sack an unknown number of lecturers and also plans to do away with at least 5 degree courses in an effort to save itself from …
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The National Treasury’s plan to increase fees for excise stamps by up to 317% is another gift for criminals involved in illicit trade and another setback for consumers already battling …
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Absa Bank Kenya PLC has been named the top employer of choice in Kenya and Africa for a second consecutive year by the Top Employers Institute for excellence in people …
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A Kenya Airways flight KQ 606 from Nairobi to Mombasa suffered low cabin pressure, causing mass panic among passengers, according to a source that was on the flight. A statement …
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Safaricom made it possible for Fuliza users to withdraw directly at an M-Pesa agent. This moved Fuliza from just being used for payment purposes to giving people cash, a loan …
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Kenyans who have been using Fuliza can now withdraw the cash at an M-Pesa agent contrary to where the overdraft was only restricted to making payments. Fuliza, an overdraft service …
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It is not easy to get genuine alcohol in Kenya, especially spirits. If you are a fan of quenching your throat with different spirits, you will realize that a spirit …
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Kenya’s leading low-cost airline, Jambojet, has announced an offer for its customers, selling 1,000 tickets at Ksh 1,000. This comes after the airline flew over 1 million passengers in 2022, …
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WorldRemit, a leading digital remittances company, announces the results of its second Cost of Living Index, where the organization has sought to understand how the worsening inflation crisis has affected …
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TransCentury Group Plc (TC)’s rights issue commenced trading on Thursday morning at the Nairobi Securities Exchange (NSE). The infrastructure investment firm is seeking to raise Kshs 2.063 billion which will …
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The new BK mobile app has recorded a sharp growth in transaction volumes, value, and onboarded users since its launch two months ago. The number of transactions on the BK …
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Glovo has announced the appointment of Caroline Mutuku as the General Manager for Glovo Kenya. Prior to her appointment, Mutuku was the General Manager of a tech startup that focused on …
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As the discussions around President William Ruto’s Hustler Fund continue, it has emerged that at least 12.88 million Kenyans have opted into the fund with at least 72 percent of …
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More than 5,000 sellers joined the Jumia platform in 2022, a 20 percent increase from the previous year underscoring how brands, distributors, and traders are leveraging e-commerce as a channel …
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British International Investment (BII) and African Guarantee Fund (AGF), have announced their partnership of a $75 million re-guarantee agreement for Small and Medium Enterprises (SMEs) across Africa. Through this facility, …
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Motor vehicle distributor, CFAO Motors Kenya has today opened a 600-square meter central parts outlet for its Winpart division, as it seeks to expand product offering and services by distributing …
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African Banking Corporation (ABC Bank) was been recognized for its solid corporate governance practices at the Champions of Governance (COG) Award, organized by the Institute of Certified Public Secretaries of …
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The Bank of Kigali (BK) Group has announced an 18.4 percent increase in net profit to KES5 billion for the period ending September 30, 2022. The strong profit growth for …
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To finance your business, you need money. Sometimes, a lot of money. At the same time, it is not easy getting money to finance your business. The easiest way is …
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Kenyans can save up to KES 231,000 across select LG electronics appliances and electronics from today until the end of 2022. This follows an announcement by LG Electronics on product …
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Jumia, Africa’s leading e-commerce platform, announced that it will put a 14 seater Commercial Matatu (van) on Flash Sale and also bring back the most popular products for the ultimate …
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Kenyans will have to pay more for loans after the Central Bank of Kenya raised the Central Bank Rate (CBR) by 50 points from 8.25 percent to 8.75 percent. This …
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Old Mutual Kenya has partnered with Pfizer and Goodlife Pharmacy to offer Pneumococcal vaccination to its insured members. The vaccination drive targets Old Mutual Health members over 65 years old …
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Binance, the world’s leading crypto and blockchain infrastructure provider, has announced the appointment of Nadeem Anjarwalla as its Director for East Africa, leading business operations across over 12 markets in the region. …
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Emirates announced that it will increase the frequency of its services to offer double-daily flights between Dubai and Nairobi. Starting from 15 December, the airline will fully restore its services …
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Kenya’s iconic city-based hotel, Sarova Stanley, scooped Kenya’s Leading Hotel award in the World Travel Awards (WTA) for 2022. The historic awards were held in Africa for the first time …
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To run a business, you need money. Without money, then that will not be business as usual. Many businesses in Kenya have failed due to a lack of or inadequate …
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KCB Group PLC’s net profit rose 21.4% to KShs.30.6 billion in the first nine months of 2022 on the back of sustained growth from both Net interest and non-funded income …
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KCB Group CEO Paul Russo has been appointed to serve on the United Nations Environment Programme Finance (UNEP-FI) Leadership Council, joining other global leaders in mainstreaming and deepening sustainability integration …
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Mamafua Laundromatic has officially launched its operations in Nairobi, setting up its first base along Lang’ata Road as it plans to open 5 more in the near future. Giving his …
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BasiGo, the first company to introduce electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54, the corporate venture capital arm of Toyota Tsusho; Trucks VC, …
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Huawei Technologies has set its targets on sea and inland ports with a new system designed to enhance its operational efficiency. Known as an Intelligent Horizontal Transport System for ports …
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HassConsult released the Hass Property price indices for the third quarter of 2022 showing property prices maintained stability with prices increasing by a modest 0.8 percent. HassConsult notes that house …
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Daikin India, the maker of air conditioning systems, has unveiled a Center of Excellence program in partnership with Don Bosco Boys Technical Institute as a part of its ongoing Skill …
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Stanbic Bank Kenya, a member of the Standard Bank Group has today reiterated its support for Kenya’s development through investments in trade and infrastructure as it officially launched its newest …
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Carrefour, owned and operated by Majid Al Futtaim in Kenya, has announced savings of up to 50 percent through November across its stores countrywide. Dubbed ‘Carrefour Friday’, the retail chain …
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LG Electronics has inked a partnership with telecommunications firm Safaricom to offer customers access to home electronics and appliances at a discounted price of up to 7 percent off. The …
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Mi Vida Homes has opened the sale of its affordable housing project in Riruta, dubbed Keza, and a new mid-market housing project at Garden City, dubbed Amaiya. Both projects are …
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Kenya Power and Lighting Company (KPLC) is the only electricity supplier in the country. Being the only player, with no competitor, apart from a few solar panels, Kenya Power seems …