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East African Portland Cement cuts loss to Ksh.1 billion
By Kepha Muiruri,
1611, February 26, 2021 (EAT)
Manufacturer East African Portland Cement Company (EAPC) has cut its half year loss through December 31, 2020 to Ksh.1 billion from Ksh.1.6 billion la...
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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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Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond
By Kepha Muiruri,
1512, February 13, 2021 (EAT)
National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...
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Uhuru: Gov’t to continue creating conducive environment for businesses
By PSCU,
750, February 11, 2021 (EAT)
President Uhuru Kenyatta has said the Government is committed to continue creating a conducive environment for small-scale traders to prosper. The ...
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Kenya adds Ksh.1.2T to debt stock in 2020
By Kepha Muiruri,
1549, February 1, 2021 (EAT)
Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...
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Cash-strapped Treasury now faces highest domestic debt servicing costs
By Kepha Muiruri,
1833, January 15, 2021 (EAT)
A cash-strapped National Treasury is now facing its highest domestic debt servicing costs in the 2020/21 financial year. The exchequer is expected ...
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Ugandans choose between Bobi Wine and longtime leader Museveni in tense election
By Reuters,
1515, January 14, 2021 (EAT)
Ugandans began voting on Thursday in a presidential election pitting long-time leader Yoweri Museveni against an opposition galvanized by a popular si...
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KRA waives all penalties to taxpayers disclosing hidden arrears in 2021
By Kepha Muiruri,
1728, January 11, 2021 (EAT)
The Kenya Revenue Authority (KRA) will waive all penalties and interest to tax payers disclosing arrears in 2021 under its new voluntary tax disclosur...
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Jack Ma was almost bigger than China, that’s what got him into trouble
By CNN,
938, January 7, 2021 (EAT)
Billionaire Jack Ma is a rare figure in China: a charismatic entrepreneur who speaks his mind and pushes boundaries. That free-wheeling attitude ...
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2020 review: Millions mark end of the year in economic despair
By Kepha Muiruri,
913, December 31, 2020 (EAT)
Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase ...
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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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Six explosions in Eritrean capital Asmara, says U.S. State Department
By Reuters,
1116, November 29, 2020 (EAT)
Six explosions were reported in the Eritrean capital, Asmara, on Saturday night, the U.S. State Department said, although it was not immediately clear...
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Stanbic Bank Kenya announces Ksh.3.6B profit after tax
By Citizen Reporter,
1318, November 27, 2020 (EAT)
Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...
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Highlights from President Kenyatta’s State of the Nation Address
By Benjamin Muriuki,
1853, November 12, 2020 (EAT)
President Uhuru Kenyatta has sought to reassure Kenyans that the State of the Nation is strong despite the economic disruptions brought about by the C...
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Free mobile cash transfers to eat into Safaricom’s profit cake
By Kepha Muiruri,
1429, November 2, 2020 (EAT)
Free mobile money transfers below Ksh.1000 implemented in mid-March are expected to curve a part of Safaricom’s profit when the company publishes it...
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KRA waives presumptive tax for new businesses
By Kepha Muiruri,
1656, October 21, 2020 (EAT)
The Kenya Revenue Authority (KRA) has waived presumptive tax for new businesses in their first 24 months of operations as part of measures to simplify...
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Equity ranks position 7 in the list of top 10 banks in Africa
By Benjamin Muriuki,
1215, October 16, 2020 (EAT)
Equity Bank has been listed at number 7 among the top 10 Banks in Africa in 2020 with a score of 5.82 in the overall category of the best performing b...
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Kenyan economy shrinks for the first time since September 2008
By Kepha Muiruri,
1759, October 15, 2020 (EAT)
The Kenyan economy contracted for the first time since the third quarter of 2008 as second quarter growth dropped to a negative 5.7 per cent from a po...
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Safaricom’s job contribution hits record one million
By Kepha Muiruri,
1500, October 14, 2020 (EAT)
Leading telecom operator Safaricom supported a record 1,013,728 jobs within its extended value chain in the past one year. The value measured in th...
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Unga Limited signals job cuts as profit drops by 88 per cent
By Kepha Muiruri,
1619, September 25, 2020 (EAT)
The board of Unga Limited has indicated plans to trim its workforce as part of a wider initiative to improve its waning performance. On Friday, the...
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