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BusinessDailyCorporate News Nigeria’s AFC eyes Kenya for long-term deals The first investment for the Nigerian company in Kenya, marks a turning point that its chief executive Andrew Alli says could see the company invest more in East Africa’s largest economy. More... New flying school to be opened in Nairobi Aircraft Leasing Services (ALS) and Kenya School of Flying have partnered to establish a flying school, hoping to benefit from growing demand for pilots. More... Fund seeks seat as KCB fills board posts The influence of National Social Security Fund (NSSF) in the Kenya Commercial Bank (KCB) Group will be laid bare Friday morning as the lender fills three board positions including that of the chairman. More... Regulator faults Safaricom’s stand on... CCK says operator is seeking to gain from termination fee at expense of its rivals More... Stanchart overtakes Barclays in Q1 profits Standard Chartered Bank has overtaken Barclays in profitability in the three months to March. More... M-Pesa pact earns Vodafone Sh2bn in licence... A revenue sharing pact that Safaricom signed with its parent company, Vodafone, has earned the UK firm nearly Sh2 billion from M-Pesa, the money transfer service. More... Youths hold key to food security, UN report... Kenya needs to provide “strategic subsidies” to farmers as well as woo young people to take up agribusiness for it to attain food security, a United Nations study has said. More... Climate change brews up trouble for coffee As the world grapples with climate change, Kenya coffee and tea farmers are being forced to wake up to the reality of these new conditions as scientists paint grim prospects for the cash crops. More... KQ to benefit as Virgin Atlantic exits Kenya route Sir Richard Branson’s Virgin Atlantic has quit the Kenyan market on low passenger numbers amid rising operation costs — handing Kenya Airways a major boost for control of London-Nairobi route. More... Barclays Bank unclaimed dividends hit Sh573... Unclaimed dividends held by Barclays Bank of Kenya has crossed half a billion shilling mark and the bank is seeking shareholders’ approval to transfer the cash pile along with deposits whose owners cannot be traced to the government. More... Workers get reprieve on NHIF rates Employees who had already paid the new NHIF rates before the plan was suspended will not contribute any extra money in coming months. More... RVR growth fails to match up expectations Rift Valley Railways (RVR) recorded a 13 per cent growth in revenue last year, but fell short of matching its peak performance of four years ago. More... Bombardier Aerospace eyes African market with... Canadian aircraft manufacturer Bombardier Aerospace is angling for a piece of the African market following a recent tour by one of its jets in the region — including Kenya. More... ‘Fishing gear people’ of Kisumu going... It is incomplete to talk about the history of Kisumu without mentioning Monasa Nets Kenya Limited, the family business that spans three generations in Kisumu City. More... World Bank and watchdogs join hands to revive... Kisumu Port is abuzz again and, on any day, workers load and off-load ships that are slowly returning to the harbour from Uganda and Tanzania. More... Virgin Atlantic withdraws Nairobi-London route Virgin Atlantic has announced it will withdraw its flight operations between Nairobi and London in September. More... Kenya close to sealing more offshore oil search... Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the Commissioner of Petroleum at the Ministry of Energy said. More... Private sector jobs dip as growth declines to... The private sector lost its jobs creation momentum last year as economic growth decelerated for the first time since the 2008 post-election crisis dip, official data released on Tuesday indicates. More... Global commodity prices bolster export earnings Export earnings grew substantially despite a drop in production of key commodities, reflecting the gains from the weak shilling and high global commodity prices that prevailed for most of last year. More... Rising cost of living erodes workers’ incomes The disposable income of workers has been eroded by rapid inflation despite regular increases in salaries and allowances by employers. More... Study links rise in economic crimes to high... More people are engaging in fraudulent deals to survive the rising cost of living, leading to a surge in white collar crimes. More... Judge throws out coffee directive to saccos A court has annulled the powers of the Commissioner for Co-operative Development directing societies to deliver their products to a particular miller. More... Meridian, Clinix suspension leaves workers exposed 100,000 families have no NHIF cover after two hospitals’ contracts are discontinued More... Kenol’s minority investors to get compulsory... Swiss company seeks to buy out shares based on deal with major shareholders More... Rwandan brewer records 42pc growth in net profit Bralirwa records 41.9 per cent growth in net profit to Sh2.04 billion (Rwf14.7b) for full year ended December 2011 More... Articles last updated at May 19, 2012 05:58:13am. Next update in 60 minutes.

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