Economy
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Tanzania makes U-turn on its new mobile money transaction taxes
Tanzania is considering revising its newly mobile money transaction excise duty following widespread public outcry over the high charges. In…
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Faulu Bank sets aside Ksh.1 billion support package for SMEs
Faulu Microfinance Bank has set a side Ksh.1 billion package to support Small and Micro Enterprises in key sectors like…
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13 Killed in fuel tanker explosion
At least thirteen people have been confirmed dead after a petrol tanker that was involved in accidents exploded into flames…
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Kenya Power downplays auctioning of its transformers
The Kenya Power and Lighting Company (KPLC) has distanced itself from the auctioning of its transformers five days after the…
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IMF member countries’ kitty to get Ksh.70.3 trillion
The International Monetary Fund (IMF) Executive Board has agreed on a proposal for a new general Special Drawing Rights (SDR)…
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Kenya Power signs Ksh.225 million digitisation deal with NYS
Kenya Power Lightning and Company (KPLC) has signed a Ksh.225 million deal with the National Youth Service (NYS) to fast…
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Most businesses relied on family, friends for survival during 2020 lockdowns
When the coronavirus pandemic hit Kenyan shows in March last year, most businesses got exposed to insolvency, most of which…
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China’s GDP expands 12.7% in first half of 2021
The Chinese economy performed well in the first half of 2021, despite sporadic outbreaks of COVID-19, said an economist on…
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US inflation continues, weighing on world economy
The U.S. inflation rate is likely to continue to rise in the coming months, which will weigh on the global…
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NMS ordered to relocate Dandora dumpsite in 6 months
The Environment and Land Court has directed the Nairobi Metropolitan Service (NMS) to move the Dandora dumpsite within six months.…
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