Markets
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LG to wind up smartphone business, completely withdraw from market
LG Electronics, South Korea’s second-largest appliance firm after Samsung, is closing down its loss-making mobile phone business, after failing to…
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Oil down 5% as rising OPEC+, Iranian output weighs
Oil fell by more than Ksh. 326.46 ($3) a barrel on Monday as rising supply from OPEC+ and higher Iranian…
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Nairobi business ventures to acquiring stakes, assets in local firms
The listed trading firm, Nairobi Business Ventures has announced that it is in the process of acquiring shareholding and assets…
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Kenyan shilling strengthens further against U.S dollar
The Kenyan Shilling has strengthened further against the U.S Dollar amid subdued demand for the dollar. Inflation rate Year-on-year inflation…
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Kenya exports about Ksh.2.74 billion worth of goods to South Korea
The Fresh Produce Consortium is proposing linking of exporters to markets in a bid to balance the trade deficit between…
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Kenyan shilling firms slightly against U.S
The Kenyan shilling has strengthened marginally against the U.S Dollar, even as traders forecast a depreciation of the shilling due…
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Elon Musk okays purchase of Tesla using Bitcoin
The Tesla founder and Chief Executive Officer Elon Musk has said Tesla cars can now be bought using Bitcoin. Musk…
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Twitter founder Jack Dorsey’s first ever tweet sold at Ksh.318 million
Twitter boss Jack Dorsey sold his first tweet to a Malaysian businessman for $2.9 million (Ksh.318 million) on Monday. The…
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T-Bills bounce back to oversubscription on improved liquidity
T-bills recorded an oversubscription last week, with the overall subscription rate coming in at 115.0 percent, an increase from the…
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Ndumberi dairy farmers to double milk production through access to quality fodder
One thousand dairy farmers under the Ndumberi Co-operative Society are set to access quality fodder to double their milk yield…
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