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Business news highlights

nairobi securities exchange bourse

NSE hits 3-year high on bank, Safaricom stocks

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Business Daily | by Patrick Alushula The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in...
court ruling

Court temporarily bars DCI, Capital Markets Authority from probing Cytonn

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The Standard | by Winfrey Owino The High Court in Nairobi has barred the Capital Markets Authority (CMA) from probing or suing Cytonn Investments over...
food market prices

Inflation hits 16-month high on costly food, fuel

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Business Daily | by Constant Munda Kenya’s inflation rose to a 16-month high in June largely on the back of increased cost of basic foodstuffs...
kq, kenya airways, national aviation management bill

Kenya Airways eyes Sh4.85bn savings from new planes lease terms

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Business Daily | by Gerald Andae Kenya Airways expects to save $45 million (Sh4.85 billion) this year after it changed the lease terms on its...

CBK defends quality of Sh50 banknotes

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Business Daily | by Lynet Igadwah Central Bank of Kenya governor Patrick Njoroge has defended the quality of the new generation Sh50 notes amid complaints...

Gas prices to hit 6-year high today on new tax

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Business Daily | by John Mutua Cooking gas prices will today hit a six-year high after the Treasury reintroduced a 16 percent value added tax...

Employers oppose paying NHIF contributions for staff

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Business Daily | by Edwin Mutai Kenyan employers have rejected proposals in a Bill that require them to match workers’ monthly contributions to the National...

WB projects 4.5pc growth for the economy this year

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People Daily | by Lewis Njoka World Bank projects that Kenya’s economy will grow by 4.5 per cent this year saying there is elevated uncertainty...