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Business news highlights

Rent for office space to decline in 2021 due to oversupply – Report

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Kenyan Wall Street | by Jackson Okoth Rent for office space is expected to decline to US$ 8.7 per square metre (KSh 939.60) in 2021...
jomo kenyatta international airport, foreign travel, domestic travel

Drop in tourists arrival blamed on rise in Covid

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People Daily | by Steve Umidha Foreign tourist arrivals to Kenya slumped in the first half of 2021 as a surge in Covid-19 infections forced...
safaricom house

Safaricom gets Ethiopia’s nod to start operations

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Nation | by Brian Ambani Safaricom has officially gotten a telecoms licence from Ethiopian authorities, paving the way for its consortium to begin operations in...

Jaguar, Mercedes demand drives up luxury car sales

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Business Daily | by Victor Juma Sales of new luxury cars rose 3.8 percent in the half year ended June, helped by increased demand for...

Linkham Group completes acquisition of stake in Resolution Insurance Kenya

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Kenyan Wall Street | by Jackson Okoth Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a...
central bank of kenya cbk

Lenders snub SME loan seekers on Covid jitters

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Business Daily | by Otiatio Guguyu A quarter of small businesses seeking loans were turned away by lenders last year on the fallout of the...
nairobi securities exchange bourse

NSE hits 39-month high on Safaricom and Equity

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Business Daily | by Patrick Alushula Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the...

Laid-off workers to get jobless pay for 6 months

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Business Daily | by Constant Munda Salaried employees who become jobless will get a fraction of their pay for six months from a State-backed fund...