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Google offered a professor Ksh.6.5M but he turned it down. Here’s why
By CNN,
948, March 30, 2021 (EAT)
When Luke Stark, an assistant professor, sought money from Google in November he had no idea he'd be turning down $60,000 (Ksh.6,582,000) from the tec...
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Treasury’s March bonds fetch Ksh.48.3B
By Kepha Muiruri,
1430, March 14, 2021 (EAT)
The National Treasury has raised Ksh.48.3 bilion from the sale of Treasury bonds (T-bonds) this month as investor appetites for the instruments reboun...
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Treasury goes for Ksh.50 billion in March bonds
By Kepha Muiruri,
1413, March 4, 2021 (EAT)
The National Treasury has set its sights on raising Ksh.50 billion from the domestic market through the sale of Treasury bonds this month. The Cent...
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Kenya’s debt repayment costs jump by Ksh53.7B
By Kepha Muiruri,
1432, February 12, 2021 (EAT)
Kenya’s debt repayment costs in the year ending on June 30 have shot up by Ksh.53.7 billion in spite of relief on external repayments. According ...
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National Treasury raises Ksh.53.7B from local borrowing in November
By Kepha Muiruri,
1507, November 19, 2020 (EAT)
The National Treasury has raised Ksh.53.7 billion from the local market in November’s primary bond sale completed on Tuesday. The pair of bonds w...
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Tea bonus falls to Ksh.27.6 billion
By Kepha Muiruri,
1830, October 22, 2020 (EAT)
Kenya Tea Development Authority (KTDA) managed tea factories have declared a Ksh.27.6 billion second and final payment to tea farmers for the year end...
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Inside Cytonn’s ‘war’ with the Capital Markets Authority
By Kepha Muiruri,
1508, September 28, 2020 (EAT)
Cytonn Investment Chief Executive Officer Edwin Dande is putting up a spirited fight with the Capital Markets Authority (CMA) over the deployment of p...
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IMF backs dividend withdrawals by banks
By Kepha Muiruri,
1636, May 27, 2020 (EAT)
The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...
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Used vehicle dealers oppose KRA’s new pricing regime
By Kepha Muiruri,
1546, May 25, 2020 (EAT)
Used vehicle dealers have opposed the Kenya Revenue Authority (KRA) draft current retail selling prices for imported motor vehicles terming the new da...
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Treasury raises further Ksh.35B from April’s infrastructure bond sale
By Kepha Muiruri,
1217, April 24, 2020 (EAT)
The National Treasury has raised a further Ksh.35.4 billion from a tap sale on its April issued infrastructure bond with investors showing an increase...
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Huawei CEO: We can still be No.1 without Google
By CNN,
1859, November 26, 2019 (EAT)
Huawei CEO and founder Ren Zhengfei has expressed confidence that his company can become the world's leading smartphone despite being barred access to...
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All eyes on CBK on review of Kenya economy base lending rate
By Kepha Muiruri,
839, November 22, 2019 (EAT)
All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...
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Michael Joseph: Why we chose Peter Ndegwa as Safaricom CEO
By Kepha Muiruri,
1302, October 25, 2019 (EAT)
Safaricom CEO Michael Joseph has revealed why the company chose Peter Ndegwa to take over the top job. Also Read: Peter Ndegwa’s wife pens heartf...
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ILostMyjob: Hue and cry as Kenyan companies lay off workers
By Duncan Mutwiri,
1013, October 3, 2019 (EAT)
Wednesday's layoffs of all 400 employees at betting firm Sportpesa have opened a can of worms as Kenyans lament over university certificates gone to w...
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Lenders to cover Ksh.500K after Chase Bank, Imperial, Dubai saga
By Kepha Muiruri,
1223, October 1, 2019 (EAT)
Commercial banks will begin covering deposits for an estimated 98 percent of customers as from July next year. This follows amendments of provision...
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MPs take hard line stand as interest rate capping debate returns
By Kepha Muiruri,
1946, September 11, 2019 (EAT)
Members of Parliament have turned a deaf ear to the proposed repeal of interest rate caps on commercial bank lending. While banks have recently joi...
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KCB seeks Parliament’s indulgence on NBK purchase
By Kepha Muiruri,
1052, August 9, 2019 (EAT)
KCB has now sought for the indulgence of Parliament in relation to the company’s experienced stumbling blocks in its quest for the full acquisition ...
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Auditor General ordered to probe NBK books
By Kepha Muiruri,
2014, July 4, 2019 (EAT)
The National Assembly has now ordered the Office of the Auditor General (OAG) to audit the books of accounts belonging to the National Bank of Kenya (...
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All hands on deck: Rotich assures Parliament of proper checks on KCB-NBK deal
By Kepha Muiruri,
1836, June 27, 2019 (EAT)
The National Treasury has defended its position on perceived laxity under the ongoing procedures in the acquisition of the National Bank of Kenya (NBK...
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Huawei calls on Washington to ‘halt illegal action’ against the company.
By CNN,
1038, June 1, 2019 (EAT)
Huawei is pressing on with its lawsuit against the United States, challenging the constitutionality of a US law banning federal agencies from buying i...
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