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Business news highlights

Shilling at 7-month low on depressed tourism inflows

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Business Daily | by Constant Munda The shilling has depreciated to a seven-month low against the US dollar, partly hurt by depressed inflows from tourism...

Britam half-year net earning rise to Sh376 million

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Kenyan Wall Street | by Jackson Okoth Britam Holdings Plc recorded a net profit of Sh376.3 million at the close of the six months ended...
avocado processing, export processing, agriculture

UK’s Tesco keeps ban on Kakuzi avocados

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Business Daily | by Brian Ngugi Britain's largest supermarket chain, Tesco is yet to reinstate avocado supplies by Kakuzi as it presses for compressive human...
nairobi city county

Survey: SMEs key to post Covid economic recovery

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People Daily | by Steve Umidha An empowered small and medium enterprises (SMEs) sector will drive recovery of the pandemic-hit economy, according to banking industry’s...
safaricom plc

Board suspends 70 gambling M-Pesa pay bills

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Business Daily | by Edwin Mutai The Betting Control and Licensing Board (BCLB) has suspended 70 M-Pesa pay bill numbers for unlicensed or unauthorized gaming...

Banks contribute 24 percent of total corporate taxes

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Business Daily | by Patrick Alushula Commercial banks’ contribution to total corporate taxes in Kenya stood at 24.1 percent last year, dropping from 29.7 percent...

Online platform that makes chamas more transparent

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Business Daily | by Kevin Rotich Malipo Circle app, which is owned by the Malipo Circle Limited, that enables groups to come together and contribute...

Digital lenders riding high as startups borrow over Sh50b

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People Daily | by Noel Wandera Micro, Small and Medium Enterprises (MSMEs) have borrowed in excess of Sh50 billion through digital lenders platforms (DLP) over...