Year: 2021
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Corporate
Why Cytonn High Yield Solution has been put under administration
Administration is the process of putting a company under the management of a competent manager who can run the business…
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NEWS
How digital platforms are leaving Kenyans jobless
Hundreds of companies are resolving to lay off workers to cope with economic headwinds and instead take advantage of ballooning…
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Corporate
AfDB blacklists multimillion Kenyan IT firm over fraud
The African Development Bank (AfDB) has blacklisted a Kenyan IT firm for three years for abuse of office. According to…
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Corporate
Cytonn High Yields Solution placed under receivership
Two of Cytonn Investment Management Plc’s entities, Cytonn High Yields Solutions and Cytonn Project Notes (CPN) have been placed under…
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Economy
State bodies holding back over Ksh.200 billion of unclaimed assets
Five hundred thousand financial institutions in Kenya are holding more than Ksh241 billion in unclaimed assets, according to recent reports…
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News
China, U.S. agree to take action to bring ties back to right track after Switzerland meeting
China and the U.S. agreed to take action and work together to bring bilateral relations back to the right track…
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Corporate
KenGen receives 5th ISO re-certification
Kenya Generating Electricity Company (KenGen) PLC has received its fifth ISO re-certification after successfully going through rigorous audits conducted by…
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News
Tanzania’s President Samia orders tax reduction on fuel
Tanzania’s President Samia Suluhu Hassan on Tuesday ordered a reduction of taxes imposed on fuel totalling Tsh102 billion (Ksh.4.8 billion)…
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Markets
Fuel prices to go down in next review
It is a sign of relief for Kenyans after Interior Cabinet Secretary Dr. Fred Matiangi said there would be a…
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Economy
Kenya to benefit from Google’s Ksh.110.7 billion digital investment plan
Google has earmarked over Ksh.110 billion investment plan for the next five years to support Africa’s digital transformation. The initiative…
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