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Imagine overlooking one of Africa’s most unique wilderness, the Busanga Flood plains in Zambia’s Kafue National Park, from a ‘birds’ nest’ atop a tree. The Bird’s Nest is a new destination in Zambia, offering unrivalled experiences. There are four human-sized nests perched in trees which offer an open view ofContinue Reading

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Kenya’s forex reserves have dipped by an equivalent of Sh26.5 billion ($262 million) since the beginning this year to Sh858.52 billion ($8.496 billion). The reserves have fallen from a high of $8.94 billion (5.59 months of import cover) recorded on October 24, according to Central Bank data. In the absenceContinue Reading

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Safaricom Investment Co-operative (SIC) is set to diversify its revenue streams to strengthen its balance sheet in the wake of reducing returns from the real estate sector last year. SIC is planning to venture into property agency business, manufacturing, ballast mining, healthcare and financial services sectors starting March. The co-operativeContinue Reading

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The use of cards for payments defied the mobile onslaught to grow by 32 percent last year compared to 2018, new data shows. Central Bank of Kenya (CBK) data shows the value of card transactions in 11 months of 2019 through prepaid cards, charge cards, credit and debit cards, andContinue Reading

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Members of Safaricom Investment Co-operative (SIC) will not earn any return from their share capital for the year ended December 2019 after revenues plunged 89.3 percent on adoption of a new accounting standard. Its annual report for the period shows that the board has not proposed any dividends, also disclosedContinue Reading

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The Nairobi Securities Exchange  has halted trade of Barclays Bank Kenya  shares to facilitate settlement of all outstanding obligations as the lender changes name to Absa Kenya. Barclays has formally rebranded into the warm red Absa colours, bidding farewell to the over 100-year-old blue eagle emblem. The bank announced Monday that itContinue Reading

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Kenyans moved Sh4.35 trillion through their mobile phones last year, fresh data by the Central Bank of Kenya (CBK) shows, pointing to the growing significance of the digital marketplace. The total transactions rose by Sh361.39 billion compared to the amount that was transacted in 2018. This means that an averageContinue Reading