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Uganda's Umeme profit falls on higher repair costs

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Posted by admin 12 days ago (http://feedproxy.google.com)
  Ugandan power distributor Umeme Ltd said on Monday its pretax profit fell 19 percent in the first six months of the year, due to a surge in repair costs and foreign exchange losses.

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Kenya's CIC Insurance says H1 profit up 67% as premiums rise

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Posted by admin 12 days ago (http://feedproxy.google.com)
  Kenya's CIC Insurance posted a 67 percent rise in pretax profit for the first half of this year to 154 million shillings ($1.75 million) due to an expansion in new premiums and investment income.

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Kenya's Diamond Trust Bank profit jumps 17% on higher lending

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Posted by admin 12 days ago (http://feedproxy.google.com)
  Kenya's Diamond Trust Bank increased first-half pretax profit by 17 percent year-on-year, helped by growth in net interest income and fees, it said on Thursday.

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StanChart Kenya H1 profit buoyed by higher lending

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Posted by admin 12 days ago (http://feedproxy.google.com)
  Standard Chartered Kenya posted a 23.6 percent rise in first-half pretax profit year on year thanks to higher net interest income, in line with rival banks that have also benefited from steady interest rates and economic growth.

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NSE daily market report | 22-Jul-2014

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Posted by admin 21 days ago (http://feedproxy.google.com)
Buoyed by robust trading, turnover soared to Kes.1.01bn on a volume of 34M shares, up from Kes.733M on 36M shares posted yesterday. The NSE 20 Share Index shaved-off a total of 14.04 points to stand at 4882.73. All Share Index (NASI) shed 0.30 points to stand at 150.77.

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Nairobi Securities Exchange officially launches its Initial Public Offering (IPO)

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Posted by admin 21 days ago (http://feedproxy.google.com)
The Nairobi Securities Exchange Limited officially launched today its Initial Public Offering (IPO) at the Exchange.

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Kenya's Safaricom gets committee nod for govt security contract

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Posted by admin 21 days ago (http://feedproxy.google.com)
Kenya's national security committee has approved plans for a security and surveillance system, clearing the way for a project worth 14.9 billion shillings ($170 million) to Safaricom, its chief executive said on Friday.

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Kenyan hotel chain says H1 profits down on security woes

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Posted by admin 21 days ago (http://feedproxy.google.com)
Hotelier TPS Eastern Africa reported first-half 2014 pretax profit down by almost three quarters on Thursday, saying the Kenyan tourist business had been hurt by a spate of militant attacks and travel warnings by several Western nations.

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