Markets
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Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
Kenyan vehicle manufacturer Mobius Motors is set to close its operations in Kenya after shareholders approved a plan to place…
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Bank of England Cuts Interest Rates to 5% for First Time Since 2020
The Bank of England (BOE) has lowered interest rates for the first time since early 2020, a move seen as…
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Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
Adani Enterprises Ltd., led by billionaire Gautam Adani, reported a 115% increase in quarterly profit, driven by growth in its…
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NSE Inaugurates Islamic Linzi Sukuk Bond
The Nairobi Securities Exchange (NSE) has officially launched the Linzi Sukuk bond on its unquoted securities platform. The event, held…
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Kenya Plans to Raise Ksh.50 Billion Through Infrastructure Bonds
Kenya plans to raise Ksh.50 billion ($377 million) by selling additional infrastructure bonds this month, according to sources familiar with…
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Kenya’s Annual Inflation Eases to Four-Year Low in July
Kenya’s annual inflation rate eased to a four-year low in July, driven by a strong shilling and reduced transport prices.…
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Mansa Launches First Liquidity Pool on Base, Expanding Financial Access in Africa
Mansa has announced the launch of its first liquidity pool on Base. Mansa is among the leading fintech company providing…
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KAA Reveals Deals in Which Indian-based Adani will Operate JKIA
The Kenya Airports Authority (KAA) has addressed the public outcry and protests regarding the potential involvement of a private company…
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Faulu Microfinance Bank Launches Competitive Money Market Fund
Faulu Microfinance Bank has officially launched its highly anticipated Money Market Fund (MMF), offering customers flexible and profitable investment opportunities.…
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Details of Kenya’s Ksh.70 Billion Debt Repayment in July
Kenya spent about Ksh.70 billion to repay its debt, according to the latest records from the Treasury. The debt repayment…
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