Economy
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State pushes for 20% excise duty on punters for second time
The National Treasury Cabinet Secretary Ukur Yatani seeks to increase excise duty as changes are made to the Excise Duty…
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NSE listed banks’ net profit grew to Ksh.141.5 billion in 2021; here’s how
Banks’ net profit through the 12 months to December 31, 2021, rose to Ksh.141.5 billion from Ksh.80.29 billion in 2020.…
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KQ cuts staff by 3% to 3544 to save on operating cost
Kenya Airways (KQ) cut its manpower from 3652 in 2020 to 3544 in 2021 to represent a three percent cut…
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President Kenyatta, Tshisekedi sign treaty of association of DR Congo into EAC
Presidents Uhuru Kenyatta and Felix Tshisekedi signed the treaty of accession of DR Congo into the East African Community (EAC)…
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TSC allocated Ksh.2.5 billion for recruitment of teachers
The Teachers Service Commission (TSC) has been allocated Ksh.2.5 billion for recruitment of teachers. This was revealed by National Treasury…
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Kenya’s debt financing up 50% of total expenditure during UhuRuto regime, nearing Ksh.9 trillion debt ceiling
Increased spending on debt payment has hurt Kenya’s thin revenues, squeezed funds available for development projects, and forced some State…
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Kenya’s economy to grow by 6% in 2022
The Government has projected a growth of six percent for the fiscal year 2022/2023. This is against a backdrop of…
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Key highlights in Ksh.3.3 trillion 2022/23 budget statement by CS Yatani
In what is seen as the last shot by President Uhuru Kenyatta before he vacates office, the 2022/2023 budget has…
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Treasury raises over Ksh.33 billion from three-year bond sale
The Treasury raised Ksh.33.1 billion from the sale of the three-year bond, falling short of the Ksh.40 billion targets. The…
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Unregistered SIM card owners to be fined Ksh.300,000 or 6-month jail sentence
Owners of SIM cards which would not have been registered by the respective service providers will be fined Ksh.300,000 or…
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