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Kenya’s debt carrying capacity weakens: IMF report
By Kepha Muiruri,
1347, April 9, 2021 (EAT)
The International Monetary Fund (IMF) has trimmed Kenya’s ability to carry debt from strong to medium based on weakening growth, export metrics. ...
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IMF asks Kenya to limit support to struggling State corporations
By Kepha Muiruri,
1658, April 7, 2021 (EAT)
The International Monetary Fund (IMF) has asked the National Treasury to limit its support to struggling State owned enterprises (SOEs) as part of new...
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Kenya pushes IMF to soften loan support terms
By Kepha Muiruri,
948, April 3, 2021 (EAT)
Kenya has pushed the International Monetary Fund (IMF) to soften terms attached to its loan support programs. The push by Kenya which preceded the ...
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IMF board approves Ksh.255B loan, initial Ksh.33.5B to be issued in a few days
By Kepha Muiruri,
1031, April 3, 2021 (EAT)
The International Monetary Fund (IMF) has approved a 38-month program which will see Kenya receive a total of Ksh.255.1 billion ($2.34 billion) in loa...
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Gov’t shaves off Ksh.23.7B from supplier pending bills
By Kepha Muiruri,
1542, March 2, 2021 (EAT)
The National Government trimmed its outstanding bills to suppliers for the first time in more than one year between October and December with the pend...
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Govt pending bills grow by Ksh.12 billion in three months
By Kepha Muiruri,
1536, November 17, 2020 (EAT)
The National Government has continued to accumulate arrears to its suppliers with the stock of pending bills hitting Ksh.346.2 billion at the end of S...
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CMA eyes government stakes in publicly listed firms
By Kepha Muiruri,
1509, October 27, 2020 (EAT)
The Capital Markets Authority (CMA) has set its sights on government stakes in publicly listed firms as it seeks to stir market activity in the countr...
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Govt pending bills to suppliers grow five-fold in a year
By Kepha Muiruri,
1451, August 19, 2020 (EAT)
Bills owed by government to suppliers have grown by over five times in the last year in spite of promises to clear the arrears. According to an ana...
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Former KAM Chairman Sachen Gudka among 5 new Kenya Power directors
By Citizen Reporter,
1843, July 20, 2020 (EAT)
The Board of Kenya Power has appointed five new directors at a time when the company is rolling out its growth strategy. They are Abdulrazaq Ali, E...
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Gov’t drags down businesses as unpaid bills to suppliers hit Ksh.369 billion
By Kepha Muiruri,
1512, May 27, 2020 (EAT)
The government has continued to drag down local businesses by failing to clear its pending arrears as unpaid bills hit Ksh.368.9 billion. New data ...
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Uhuru approves supplementary Ksh.73.4 billion budget
By Kepha Muiruri,
2003, December 5, 2019 (EAT)
President Uhuru Kenyatta has signed into law the Supplementary Appropriation Bill (No.2) of 2019 paving way for the release of Ksh.73.4 billion from t...
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Munyes names new Acting National Oil MD, reverses Nyamongo appointment
By Kepha Muiruri,
858, October 22, 2019 (EAT)
Petroleum and Mining Cabinet Secretary John Munyes has appointed George Kubai as the interim Managing Director to the National Oil Corporation of Keny...
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Betting firms, reduced investments deny KRA Ksh.1.77 trillion target
By Kepha Muiruri,
1200, August 6, 2019 (EAT)
The Kenya Revenue Authority (KRA) has announced a new Ksh.1.58 trillion tax collection record for the period closing June 30,2019 to keep with the tax...
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What did Huawei do to land in such hot water with the US?
By CNN,
820, May 22, 2019 (EAT)
Huawei has endured a tenuous relationship with the United States for a decade, reaching a boiling point last week when the Trump administration banned...
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State corporations, other organizations owe Treasury over Ksh.800B
By Dennis Otieno,
1200, May 3, 2019 (EAT)
State corporations and other government agencies owe the national government close to Ksh.800 billion in loans. According to last year’s budget e...
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Non-compliant ministries, State Corporations face budget cuts: Waita
By Wangui Ngechu,
910, April 25, 2019 (EAT)
The government on Wednesday warned all Ministries and State Corporations of budget cuts if they do not upload tender details on the State portal as re...
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NSE buyouts likely to extend listings drought
By Kepha Muiruri,
801, January 29, 2019 (EAT)
Private buyouts of Nairobi’s Securities Exchange (NSE) listed firms are likely to extend the bourse’s already lengthy listing drought. This as ...
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Trump dims hopes of China trade deal with fresh tariff threat on Apple phones
By CNN,
2007, November 27, 2018 (EAT)
President Donald Trump appears to be shutting the door on a temporary ceasefire in an ongoing tit-for-tat trade war with China just days ahead of an u...
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Barclays picks Rothschild veteran Nigel Higgins as next chairman
By Reuters,
950, November 3, 2018 (EAT)
Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...
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Barclays picks Rothschild veteran Nigel Higgins as next chairman
By Reuters,
1314, November 2, 2018 (EAT)
Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...
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