Month: August 2019
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Business
DP Ruto in dilemma over impending Mau eviction exercise
The impending second phase exercise by the government on Mau eviction seems to have put Deputy President William Ruto in…
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Business
Contraband goods worth Ksh1.5 bn market value destroyed by KRA
The Kenya Revenue Authority (KRA) on Friday destroyed illicit excisable products with a market value of over Sh1.5 billion, in…
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Business
Kenya’s loans up by 36% as debt to China hits Ksh650 bn
Kenya’s stock of expensive loans rose to 36 percent of the total debt, even as cheap loans from multilateral institutions…
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Business
Safaricom’s market valuation exceeded 50 PC of Ksh2.2 trillion stock market.
Kenya’s telco giant Safaricom has been noted to dominate all listed companies at Nairobi Securities Exchange (NSE) with a new…
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Politics
U.K. Lawmakers Lose Bid to Block Boris Johnson’s Parliament Plan
A Scottish judge refused to block Boris Johnson’s plan to suspend Parliament, dealing a blow to lawmakers who argued that…
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Business
NBK records a Ksh150M net profit in its half year results
National Bank of Kenya (NBK) has recorded a Ksh150 million half year net profit for the year ending June 30,…
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Business
SWVL invests Ksh1.5 billion into Kenya’s transport system
Shuttle-hailing firm SWVL has announced plans to invest Ksh1.5 billion ($15 million) into Kenyan transport operations. The start-up will enable…
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Business
Businessman Francis Mburu sues government, demands Ksh36 bn Ruaraka land compensation
Nairobi businessman Francis Mburu has filed a fresh suit demanding Ksh.36 billion for Ruaraka land compensation claiming that the state…
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Business
Barclays Bank half year profit up by 2% to Ksh3.9 billion
Barclays Bank of Kenya has reported a profit after tax of Sh3.9 billion for the period ended 30th June 2019,…
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Business
Governors to shutdown Counties over luck of funds
Chairman of Council of Governors and Kakamega County Governor Wycliffe Oparanya has announced that all Counties in the country will…
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