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Business news highlights

fuel prices, fuel subsidy, petroleum development levy

Banks seek to take over State oil firm; National Oil

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The Standard | by Macharia Kamau Two major lenders are on the verge of taking over a State-owned oil marketing company over its failure to...

Kenya’s mobile money usage continues to soar, says report

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People Daily | by Steve Umidha A growing number of Kenyans continue to use mobile money as a fitting means for their daily transactions amid...

Standard Chartered full-year profit dips 34pc to Sh5.4 billion

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People Daily | by Noel Wandera Standard Chartered Bank has announced a 34 per cent drop in its profitability for the financial year ended December...

Sanlam sinks into Sh78 million after-tax loss

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The Standard | by Fredrick Obura Nairobi Securities Exchange (NSE) listed firm, Sanlam Kenya PLC has reported an after-tax loss of Sh78 million in 2020...
kq, kenya airways, national aviation management bill

KQ seeks Sh55bn bailout to navigate Covid storm

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Business Daily | by Bonface Otieno Kenya Airways says it will need at least $500 million (Sh54.87 billion) in bailouts to stay afloat in the...
fuel prices, fuel subsidy, petroleum development levy

MPs start probe on how regulator sets fuel prices

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Business Daily | by Edwin Mutai Parliament has opened an inquiry into the pricing model of petroleum products by the energy regulator following public uproar...

Egypt shuts Suez Canal amid struggle to refloat grounded megaship

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Nation | by AFP The owners of a giant container vessel blocking the Suez Canal said Thursday they faced "extreme difficulty" refloating it as Egypt...
kenya power electricity supply ketraco

Kenya eyes power trade business with new grid network

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Kenyan Wall Street | by Nyawira Thairu Kenya sets eyes on the power trade business with recent efforts to improve its grid network to connect...