Economy
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How higher taxes on nicotine are driving up black market demand
Excise increases by the Kenyan Revenue Authority (KRA) on nicotine alternatives to cigarettes is yet another blow to Kenya’s 2.5…
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Kenya’s GDP grew by 10.1% in Q2 of 2021
Kenya’s Gross Domestic Product (GDP) grew by 10.1 percent in the second quarter of 2021 compared to a contraction of…
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Long-distance buses trading fair prices with fully booked seats ahead of festive season
Barely a month to the festive season, long-distance buses have since reported a high number of travelers to upcountry. Buses…
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Global Wealth Has Grown, But at the Expense of Future Prosperity: World Bank
A report by World bank has said that global wealth has grown overall, but at the expense of future prosperity…
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Getting defaulted loan accounts off CRB records bad for banks, admits CBK
The Central Bank of Kenya (CBK) has admitted that suspending bad loan accounts from the Credit Reference Bureaus’ (CRB) records…
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Mdundo subscriptions up 16.4 million in Q3 of 2021
The streaming music service, Mdundo recorded 16.4 Million unique users for the quarter ending September 2021. This is a 10…
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Gikomba Market up in flames days after eviction notice
Traders are counting losses after a new fire broke out in Gikomba Market in Nairobi two days after court allowed…
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Government to tame tax cheats via social media
Kenya Revenue Authority (KRA) will now monitor social media accounts of Kenyans posting lavish lifestyles on the platforms, but do…
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US launches climate entrepreneurship for economic development during COP26
The United States launched the Climate Entrepreneurship for Economic Development (CEED) Initiative at the 2021 United Nations Climate Change Conference…
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Somalia Stakeholders propose multilateral effort to foster remittances inflow to Somalia for investment purposes
Different Somalia stakeholders are now proposing a multilateral effort in promoting flow of remittances to Somalia for investment purposes. The…
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