Lawrence Baraza
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Economy
How NMS plans to force matatus from Nairobi CBD
Matatus in Nairobi’s Central Business District (CBD) will be phased out of the city before the end of the year…
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Corporate
Kenya banking on KenGen to effect 15% power cut in second phase
The Kenyan government is now banking on the electricity generating company, KenGen, to effect the remaining 15 percent power cut.…
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Corporate
Qatar Airways posts record Ksh.180.8 billion profit despite pandemic
Qatar Airways on Thursday posted a record net profit of Ksh.180.8 billion for the 2021-2022 financial year. The air carrier…
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Finance
What you need to know about central banks raising benchmark lending rates
Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living…
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Economy
Govt allocates Ksh.100 billion for fuel subsidy in next fiscal year
The Kenyan Government has allocated Ksh.100 billion for fuel subsidy in the next fiscal year starting July 1, 2022, to…
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Markets
Bank of England raises interest rate to 1.25%
The Bank of England (BoE), the central bank of the United Kingdom, on Thursday, raised its benchmark interest rate by…
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Economy
Kenya’s Ksh.32 billion new container terminal 2 welcomes first ship
Kenya’s Ksh.32 billion Container Terminal 2 welcomed its first ship with 2,704 twenty–foot equivalent units (TEUS). The 26-metre-long vessel, CMA…
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Corporate
Nigeria pays additional Ksh.838.7 million stake in Shelter Afrique to trail Kenya as major shareholder
Pan-Africa housing development financier, Shelter Afrique has received an additional Ksh.838.7 million capital subscription from the Federal Government of Nigeria.…
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Commodities
Diesel, Petrol prices up by Ksh.9 per litre in June review
Kenyan motorists will dig deeper into their pockets for the next 30 days following a newly revised pump price by…
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Markets
Kenya seeks Ksh.25 billion to fill up borrowing gap by June 23
Kenya is now seeking an additional Ksh.25 billion from the Treasury Bonds to fill up the local borrowing gap before…
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