Economy
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New austerity measures as Treasury hits hard on government expenditure
National Treasury has frozen bench-marking trips by ministries and their respective State departments in fresh austerity measures aimed at cutting…
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Mumias Sugar placed under receivership by KCB Group over debt
KCB Group has placed the Mumias Sugar Company under receivership following the execution of a lenders agreement deed dating back…
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CBK says it will not extend 30th September deadline for withdrawal of old KSh.1000 notes
You have until 5 pm on Monday to hand in any old 1000 shilling notes in your possession or else…
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CBK retains base lending rate at 9% for the 16th straight month
The Central Bank of Kenya (CBK) has retained the base lending rate at nine percent for the 16th consecutive month…
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Oil rallies on Mideast tensions, stocks weighed by trade remarks
Oil prices rallied Monday after Iran warned the presence of us forces in the gulf was causing instability in the…
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Mombasa Port on track to handling 1.4m containers by end year
The port of Mombasa is on track to achieve its target of 1.4 million containers by the end of the…
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69 p.c of Kenyans are not aware of what UHC is, study shows
A survey sponsored by People’s Health Movement Kenya and conducted by Infotrak research and consulting has shown that 69% of…
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Thomas Cook files for bankruptcy, puts 22,000 jobs at risk
BBC…Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed. The UK Civil Aviation Authority…
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EAPC fires its managers in cost cutting restructuring plan
East Africa Portland Cement Company (EAPC) issued 136 supervisors and managers dismissal notices last week in a cost-cutting restructuring plan. …
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KCB appoints Paul Russo to lead NBK in full capacity
Kenya Commercial Bank ()KCB has appointed Mr Paul Russo as the new Managing Director of National Bank of Kenya (NBK),…
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