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Business news highlights

budget, treasury, public borrowing

Loan defaults by SMEs double in three years over Covid measures

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The Standard | Dominic Omondi Latest data from the Central Bank of Kenya (CBK) show that about 204,802 Micro, small and medium-sized enterprises (MSMEs) failed...

HF Group reports Sh191 million net loss in Q1 2021

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Kenyan Wall Street | by Miriam Wangui HF Group has posted a KSh191 million net loss in the first quarter of 2021, a decline from...

StanChart upgrading all its ATMs to accept cheque deposits

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Business Daily | by Victor Juma Standard Chartered Bank Kenya is upgrading its automated teller machines (ATMs) for all to accept cheque deposits as the...

Dutch carrier KLM to launch direct Amsterdam-Mombasa flights

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Business Daily | by Gerald Andae Dutch national carrier KLM will launch direct flights from the Netherlands to the Kenyan coast in October, giving a...

Horticulture earnings fall Sh2.8bn in first quarter

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Business Daily | by Gerald Andae Horticulture earnings dropped by Sh2.8 billion in the first quarter of this year as the second wave of Covid-19...

National Bank of Kenya posts 19 percent net profit growth in first quarter

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The Standard | by Fredrick Obura National Bank of Kenya (NBK) has reported Sh184 million in profit after tax for the first quarter ending March 31,...

WRC returns to Kenya with Sh6 billion injection to the economy

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The Standard | by Kennedy Gachuhi For the first time in almost two decades, World Rally Championship (WRC) is coming back to Kenya in June...

Kenya looks to export meat to Saudi Arabia

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Nation | by Aggrey Mutambo Kenya says it is ready to meet the standards of Saudi Arabian authorities, in a bid to reclaim one of...