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Economy
November 20, 2019
Lilian Conchitah
0

Former AG, Senator Wako tells the US to table evidence against him

Former Attorney General and Busia Senator, Amos Wako has dared the United States government to provide evidence linking him to involvement in corruption, as claimed in its latest move to bar him and his family from entering the US. Senator Wako has come out guns blazing

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Economy
November 20, 2019
Lilian Conchitah
0

Ghana to launch new airline by 2020#Gha

Ghana became the latest African nation to support the development of an international airline to boost its economy and develop tourism as its government signed a provisional order for three Boeing long-haul 787 Dreamliner jets on Tuesday. The move at the Dubai air show, a focal point for Middle East

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Economy
November 20, 2019
Lilian Conchitah
0

Department of public enterprises says no more money for SAA

South African Airways (SAA) needs a government guarantee to help it secure bank funding otherwise the carrier is at risk of entering liquidation, board member Martin Kingston said on Wednesday, as a crippling strike enters its sixth day. The cash-strapped airline has canceled hundreds of flights

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Economy
Equity Group Q3 net profit up 79% to Ksh.26.9 billion
November 20, 2019
Lawrence Baraza
0

Equity Group to purchase over half a million shares in BCDC worth Ksh10.6 billion

Equity Group Holdings has entered into a share purchase agreement with Commercial Bank of Congo to purchase 625,354 shares-owned by Arthur Forrest in Banque Commercial du Congo (BCDC) priced at Ksh10.6 billion.  In a statement by Equity, the agreement was subject to regulatory approvals from among others; the Central Bank of

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Economy
November 19, 2019
Lilian Conchitah
0

KCAA lifts the suspension of Silverstone Air flights

The Kenya Civil Association Authority has lifted the provisional suspension of Silverstone Air services imposed a week ago. The development means that low-cost carrier Silverstone services limited can now breathe easy after a week of no operations following the grounding of its Dash- 8 fleet to allow inspection

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Economy
November 19, 2019
Lilian Conchitah
0

Tea production dropped 8.5% between January and September

Kenya’s Tea Production during the first nine months of this year dropped by 8.5% to 316.80 million kilograms against 346.23 million kilograms recorded during the corresponding period of 2018. According to the agriculture and food authority, this is owing to severe hot and dry weather conditions and late-onset

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Economy
November 19, 2019
Lilian Conchitah
0

Young MPs oppose HELB’s bid to name, shame defaulters

A group of young parliamentarians has emerged to voice their opposition to the Higher Education Loans Board’s bid to name and shame individuals who have defaulted on their student loans. According to the legislators, the move is a breach of privacy that could ruin employment opportunities for

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Economy
November 19, 2019
Lilian Conchitah
0

Asian shares mixed as the wait goes on for elusive US-China trade deal

Asian share markets were mixed in subdued trade on Tuesday, pending clearer news on whether US-China negotiations will reach a preliminary accord to end the prolonged trade war between the world’s two largest economies. “There are some lingering doubts over whether a phase one deal

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Economy
November 19, 2019
Lilian Conchitah
0

Japan lower house passes US trade deal; auto tariffs still in question

Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the united states, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools. But there is uncertainty over how much progress Japan can make

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Economy
November 19, 2019
Lilian Conchitah
0

Equity seeks to acquire 66.53% shares of Banque Commercial Du Congo

Equity Group Holdings has entered into a share purchase agreement with George Arthur Forrest, to purchase 66.53% of the shares held by Mr. Forrest in Banque Commercial Du Congo. Banque Commercial Du Congo is a public limited company licensed by the Central Bank of Congo in the DRC. Post

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