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Business news highlights

Absa wins row over 98 Itare dam scam vehicles

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Business Daily | by Sam Kiplagat Absa Kenya has won the first round in the fight for 98 motor vehicles purchased by the bankrupt Italian...

Insurers earn Sh1.3bn as Covid cut hospital visits

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Business Daily | by Otiato Guguyu Medical insurers in Kenya posted a record Sh1.3 billion in underwriting profits last year on slowed healthcare claims, as...

Sameer Africa’s profit climbs to Sh43m after Sh1.1b loss in 2019

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Kenyan Wall Street | by Miriam Wangui Sameer Africa, one of the largest tyre manufacturers in East Africa, reported a KSh43 million net profit at the end...

Uhuru Highway section closed for 20 days

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Business Daily | by Amina Wako Motorists using Uhuru Highway in Nairobi are set to endure long hours in traffic after a road agency closed...
kenya revenue authority kra, taxation, tax, revenue collection

KRA targets Sh81bn on removal of tax reliefs for wealthy

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Business Daily | by Constant Munda Wealthy individuals and firms have lost more than Sh80 billion in annual tax breaks after the Treasury withdrew a...

State pushes Airtel to give locals 30pc stake

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Business Daily | by Elizabeth Kivuva The State has introduced new ownership rules in the telecoms sector that will push Airtel Kenya to sell a...
domestic carriers, jambojet, domestic flights

Jambojet ups Kisumu direct flights fares on lockdown

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Business Daily | by Gerald Andae The price of a direct flight from Kisumu and Eldoret to Mombasa hit a high of Sh15,100 on the...

Lending apps on spot for flouting data privacy law

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Nation | by Brian Wasuna Mobile loans apps are walking a tight rope despite the billions of profit they rake in every time borrowers click...