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  • Equity Bank changes tack in growth plan

    June 5, 2017 5:15 PM 31

    Equity Bank plans to optimise a diversified revenue strategy as it shifts its focus to non-funded earnings to boost performance. The bank’s non-funded income in quarter one of this year grew by 21 per cent from Sh5.2 billion to Sh6.3 billion, reducing the effects of reduced interest income on total income. The net effect of this resulted in only a three

  • State set to unveil plastic bags ban roadmap at fete

    June 5, 2017 1:12 PM 2

    The government will today unveil a clear phase out plan for plastics indicating an imminent closure of the industry. Kenya is bidding to join her East African neighbours, who have completely banned use, manufacture and importation of all plastic bags. At the World Environment Day (WED) celebrations slated for Egerton University today, Environment and Natural

  • Construction of Sh6.2 billion warehouse in Tatu city begins

    June 5, 2017 8:17 AM 5

    Africa Logistics Properties (ALP) has kicked off the construction of Sh6.2 billion modern logistics and distribution centre at Tatu city. According to ALP Chief Executive Toby Selman, the first unit measuring 14,000 square metres is set to be opened in September 2018. Two more units will be constructed afterwards, bringing the total warehouse capacity

  • What you need to know about national plastic ban

    June 5, 2017 5:26 AM 7

    Just in case you missed it, here is the government's clarification on plastic bags ban: The ban issued by Cabinet Secretary for Environment and Natural Resources Prof Judi Wakhungu on the use, manufacture and importation of all plastic bags with effect from August 28, 2017, is in force. The ban applies to, one, carrier bags with handles and with or without

  • Ex-civil servant’s quality pigs endear him to World Bank

    June 2, 2017 8:35 PM 5

    After incurring losses when his dairy and poultry farming projects collapsed, Wilson Ashimosi decided to try his luck on pigs. He says he found comfort in pigs after losing 500 birds in a span of just two days, yet he had invested in the business for about 10 years. Ashimosi, who retired as a provincial information officer in 2002, is now a household

  • AP FACT CHECK: Holes in Trump's reasoning on climate pullout

    June 2, 2017 6:39 AM 8

    WHITE HOUSE: The Paris climate accord "would effectively decapitate our coal industry, which now supplies about one-third of our electric power." THE FACTS: The U.S. coal industry was in decline long before the Paris accord was signed in 2015. The primary cause has been competition from cleaner-burning natural gas, which has been made cheaper and more abundant

  • Treasury securities continue to attract huge subscription

    June 1, 2017 9:31 PM 5

    The Treasury continues to attract huge offers for its debt with the 91-day and 182-day bills subscribed more than 200 per cent and 150 per cent respectively this week. The 91-day paper received bids worth Sh8 billion against an offer of Sh4 billion, while 182-day paper attracted bids worth Sh15 billion against Sh10 billion on offer. The 364-day paper

  • Analysts: Leaving climate deal likely wouldn't add US jobs

    June 1, 2017 5:57 PM 8

    WASHINGTON (AP) - President Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. They say the agreement would likely help create about as many jobs in renewable energy as it might cost in polluting industries. Should the United States pull out of the pact and seek to protect old-school jobs in coal and oil, it would

  • End of the road beckons for ‘cowboy’ contractors

    June 1, 2017 2:59 PM 1

    Road contractors who deliver shoddy works or delay completion of projects might in future find it difficult to get Government jobs. This is after one of the State agencies said it would come up with a policy that would enable it to blacklist non-performing contractors, suppliers and consultants. Kenya National Highways Authority (KeNHA) said it had developed

  • Garage owners oppose new insurance rules

    June 1, 2017 2:59 PM 4

    Garage operators have protested against a new rule that requires insurance firms to supply them with spare parts for their clients’ motor vehicles. The group said on Thursday the move would not guarantee quality of spare parts supplied to them. Under the umbrella of Kenya Motor Vehicle Repairers Association (Kemra), the garage owners said the new directive