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Mumias Sugar warns of wider annual loss

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
It blamed "a significant drop" in sugar prices due to illegal sugar imports and a shortage of cane due to a poor harvest.

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Karuturi financial storm leaves many jobless

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
Karuturi Flower Company’s woes might have started from one office, but the harsh financial times have spread to households of hundreds of Naivasha traders who eked a living out of the flower pickers and packers.

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Airtel unveils VIP service centre lounge

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
Mobile operator Airtel will Thursday unveil a premier service lounge, similar to a move taken by its rival Safaricom which recently launched a similar centre targeting middle class who spend more on mobile phone devices.

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Toyota pact with Kenya paves the way for Sh103bn fertiliser plant

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
Japanese conglomerate Toyota Tsusho Corporation has signed an agreement with the Kenya government that paves the way for construction of a Sh103 billion fertiliser plant in Eldoret.

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National Bank launches internet, mobile banking platforms

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
National Bank of Kenya (NBK) has launched its Internet and mobile banking services in a bid to increase access points for its customers in line with the industry trend.

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SAX returns to Juba route in expansion plan

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
East African Safari Air Express (SAX) is set to re-launch flights to Juba in an expansion plan that will also see the carrier start services to Entebbe, Uganda.

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Mumias Sugar outlook worsens with second profit warning

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
Troubled sugar miller Mumias is set to announce a net loss of at least Sh2 billion for the year ended June, marking the second consecutive year of loss and worsening the dividend outlook.

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RVR gets loan for 20 new locomotives

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Posted by admin 41 days ago (http://www.businessdailyafrica.com)
Rift Valley Railways (RVR) has taken a Sh1.82 billion loan from CfC Stanbic and its South African parent company, Standard Bank, to finance the purchase of 20 locomotives from US conglomerate General Electric.

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