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    New rules for renewal of trademarks in Kenya released

    On 30th June 2017 the Registrar of TradeMarks published Practice Directions on the renewal of trademarks in the Industrial Property Journal -No 2017/06 which effectively does away with the additional 30 day notice period for the renewal of trademarks.

    Trademarks in Kenya are under KIPI (Kenya Industrial Property Institute).

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    Coca-Cola will invest Ksh. 9B to expand its operations in Kenya

    The Coca-Cola system in Kenya has announced an investment of nearly $90 million (approximately Ksh. 9B) in Kenya as it seeks to diversify its soft drinks offering in the local market.

    The new drinks will be produced locally through a new $26 million dollar, hot fill line at the CCBA- Nairobi Bottlers Ltd in Embakasi. It brings the total investment by The Coca-Cola Company in Kenya, between 2016 and 2018, to $90 million, with other investments including the manufacture of packaging material such as glass in Nairobi, Mombasa and Nyeri.

    The investment falls under The Coca-Cola Company’s global vision to become a total beverage company, by reshaping its growth strategy and operating model in line with the changing customer tastes and buying habits. This will include the introduction of more low- and no-sugar options and drinks in emerging categories.

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    Inflation for the month of October eased to 5.72%

    NAIROBI, KENYA: The cost of living for the month of October eased to 5.72 percent compared to 7.06 percent in September. According to the Kenya National Bureau of Statistics (KNBS), favourable weather conditions led to a reduction in cost of several food items.

    “During the same review period; Housing, Water, Electricity, Gas, and other fuel index increased by 0.47 percent. The higher cost of electricity was attributed to increase in foreign exchange adjustment charges despite the fuel cost and other charges remaining constant,” said the statistics body. Inflation for the food and non-Alcoholic beverages was -1.78 percent during the month. The category has a 36.04 percent weight in the goods used to calculate inflation.

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    Small housing developers face disruption by government plan

    One-man real estate firms dominating the residential housing scene face imminent disruption after the government invited real estate conglomerates to put up 8,000 units using modern technologies.

    Unlike the present situation where private developers seek and purchase their own parcels of land, the invited mass-housing builders have been given a major leeway where the government will provide the land for the planned houses.

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    KCB gets Sh10.4bn AfDB loan for lending to SMEs

    KCB Group, the country’s largest bank by assets, has secured a $100 million (about Sh10.37 billion) loan from the African Development Bank (AfDB) for onward lending to small and medium sized enterprises (SMEs) in the region.

    The AfDB board approved the long term funding on Wednesday.

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    Equity posts 3pc drop in net profit

    Equity Bank is looking to transactions income and regional subsidiaries to grow its earnings as the cap on cost of loans and a charged political environment cut its interest income and shaved its profit for the nine months to September.

    The largest bank by customer base Monday reported a three per cent drop to Sh14.6 billion in third quarter after tax profit as its interest income fell 11 per cent to Sh35.4 billion.

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