Wednesday, November 29, 2023

Coffee grower Eaagads’ sales collapse amid reforms

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Deputy President Rigathi Gachagua (second left) when he presided over the reopening of the Nairobi Coffee Exchange auction on August 15, 2023. PHOTO | DPCS    

By KABUI MWANGI More by this Author

The sales revenue for coffee grower Eaagads dipped over 99 percent in the six months to September to stand at Sh1.1 million, down from the Sh158.9 million recorded last year. 

MPs give Treasury a week to resolve Uchumi land sale row

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UBA Bank has been allowed to auction Uchumi Supermarkets' land on Langata Road over Sh162 million debt. FILE PHOTO | NMG   

By EDWIN MUTAI More by this Author

Parliament has given the Treasury seven days to resolve the impending auction of Uchumi Supermarkets’ land on Langata Road over Sh162 million debt.

DTB nine-month net profit hits Sh6 billion

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A customer at a Diamond Trust Bank (DTB) ATM machine at Garden City Mall in Nairobi. FILE PHOTO | NMG By PATRICK ALUSHULA

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Diamond Trust Bank (DTB) Kenya net profit for the first nine months of trading grew by 4.3 percent to Sh5.99 billion on the back of increased income.

Kenya’s John Musunga picked to head Diageo’s new outfit

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John Musunga, the Managing Director for Kenya Breweries. FILE PHOTO | POOL    

By DOMINIC OMONDI More by this Author

A Kenyan international business executive, John Musunga, has been appointed to head Diageo Africa’s newly formed South, West and Central Africa (SWC) market, barely a year into his stint as the CEO of the British multinational's Nigerian

Kenyans to pay 2.75 pc of monthly earnings to fund healthcare

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Dr Timothy Olweny was last week picked by President William Ruto to chair the board of the new Social Health Authority. FILE PHOTO | NMG

Every household in Kenya will contribute 2.75 percent of its monthly income to fund the new social healthcare fund if the proposed regulations are passed.

Morgan Stanley blocks Kenyan firms from global index on dollar shortage

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The Morgan Stanley Capital International has barred new Kenyan companies from joining its global stock market platform. PHOTO | SHUTTERSTOCK

By CHARLES MWANIKI More by this Author   

The Morgan Stanley Capital International (MSCI), an international trading indices

Why court spared 3.2 million Kenyans from housing levy

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Housing Principal Secretary Charles Hinga. FILE PHOTO | DENNIS ONSONGO | NMG  

By SAM KIPLAGAT

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More than 3.2 million Kenyans in formal employment have been spared from paying