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Four top officers at Real People Kenya Limited fined over misuse of public funds
By Kepha Muiruri,
819, April 3, 2021 (EAT)
The Capital Markets Authority (CMA) has imposed fines on four executives of Real People Kenya Limited (RPKL) over the misappropriation of publicly rai...
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Mobile phone vendors to guarantee warranties, after-sales support in new guidelines
By Kepha Muiruri,
1438, March 24, 2021 (EAT)
Vendors of mobile phones in the country including importers and retailers will be required to guarantee warranties and after-sales support under new g...
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Equity Group lines up Ksh.500 billion for MSME support
By Kepha Muiruri,
1532, March 16, 2021 (EAT)
Lender Equity has set its sights on disbursing Ksh.500 billion in new loans to micro, small and medium enterprises (MSMEs) across the next five years....
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Treasury says no risk of China taking over Mombasa port
By Faizal Ahmed,
849, March 16, 2021 (EAT)
The National Treasury says the port of Mombasa is under no risk of being taken over by China. In a statement, Treasury CS Ukur Yatani says Kenya co...
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Stanbic Bank Kenya extends relief for customer loan repayment
By Kepha Muiruri,
1011, March 10, 2021 (EAT)
Kenyan banks have opted to extend relief on loan repayment terms to customers despite the end of the restructure window by the Central Bank of Kenya (...
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Treasury on the spot over zero funding for vaccines
By Kepha Muiruri,
1311, March 6, 2021 (EAT)
The National Treasury has come under fi re for the non-allocation of resources for the procurement of COVID-19 vaccines in the financial year commenci...
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Kenya’s economic partnership deal with U.K. under sharp scrutiny
By Kepha Muiruri,
1456, March 3, 2021 (EAT)
Kenya’s recently concluded economic partnership agreement with the United Kingdom has come under sharp scrutiny with observers warning of a backdoor...
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Central Bank of Kenya pays Treasury Ksh.5B ‘dividend’
By Kepha Muiruri,
1355, February 18, 2021 (EAT)
The Central Bank of Kenya (CBK) has transferred Ksh.5 billion to the National Treasury as its substantive dividend covering operations in the year end...
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China allows Kenya to skip Ksh.27B in debt repayments
By Kepha Muiruri,
1451, January 20, 2021 (EAT)
Kenya’s top creditor China has allowed Kenya to skip Ksh.27 billion in debt repayments falling due between January and June this year. The freeze...
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Kenya misses out on full debt service suspension slice
By Kepha Muiruri,
934, January 13, 2021 (EAT)
The government has come under scrutiny for failing to take full advantage of opportunities presented by the Debt Service Suspension Imitative (DSSI). ...
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After sitting on the fence, Kenya takes up debt-suspension offer
By Kepha Muiruri,
1839, January 11, 2021 (EAT)
Kenya has agreed to take up the debt service suspension initiative (DSSI) after tiptoeing around the deal for months. The Paris Club which represen...
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Co-op joins queue of banks expecting significant profit hits
By Kepha Muiruri,
1543, January 8, 2021 (EAT)
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...
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Low profit margin firms ‘punished’ in minimum tax roll out
By Kepha Muiruri,
1821, January 5, 2021 (EAT)
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...
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2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri,
1028, December 31, 2020 (EAT)
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...
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Treasury moves to correct error in minimum tax law
By Kepha Muiruri,
1544, December 9, 2020 (EAT)
The National Treasury has proposed changes to the minimum tax legislation which takes effect from January 1, 2021. Also Read: Financial hardships...
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Tullow meets license extension conditions
By Kepha Muiruri,
1459, December 7, 2020 (EAT)
Oil explorer Tullow has affirmed its Kenyan project license extension to December 2021 following its submission and subsequent approval of a 2021 prog...
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The pinch of a fading shilling
By Kepha Muiruri,
1503, December 5, 2020 (EAT)
On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...
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Tullow re-engineers Kenyan project to fit low oil prices
By Kepha Muiruri,
1435, November 26, 2020 (EAT)
Oil explorer Tullow Oil says it will deploy the 11 months left on its extended exploration license to optimize the project to fit low oil prices in th...
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Govt plans fund to cushion workers in financial distress
By Kepha Muiruri,
2203, November 24, 2020 (EAT)
Kenyans holding jobs could soon be obligated to pay a two percent tax from their incomes to cushion the unemployed as part of new government plans in ...
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Why the CBK isn’t losing any sleep over banks sinking profitability
By Kepha Muiruri,
1143, November 21, 2020 (EAT)
Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...
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