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Business news highlights

Reopening of bars lifts beer taxes to near pre-Covid level

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Business Daily | by Constant Munda Reopening of bars and a tax raise in line with changes in inflation helped lift October excise duty collections...

Absa Bank Kenya issues profit warning

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Kenyan Wall Street | by Business Reporter Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited has issued a profit warning saying its net profit...

Kenyan firm feted for growing crop insurance in the region

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Business Daily | by BD Reporter Agricultural technology insurance firm Pula Friday won the InsurTech of the Year Award during the sixth annual African Insurance...

Court saves Uchumi from auctioneers

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The Standard | by Everlyne Kwamboka The High Court has saved the cash-strapped Uchumi Supermarkets’ assets from the auctioneer’s hammer over rent arrears. This is after...

Experts want 14pc VAT on solar scrapped

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People Daily | by Steve Umidha Green energy industry players have called for the amendment of Finance Act 2020 which introduced a 14 per cent...
safaricom plc

Safaricom group taps Sh55bn loan for Ethiopia entry

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Business Daily | by Victor Juma Safaricom and its partners have signed an agreement to borrow up to $500 million (Sh55.7 billion) from America’s sovereign...

Travel agents stare at crisis as tourists demand refunds

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People Daily | by Peter Leshan Hundreds of American tourists who had booked with travel agencies to visit Kenya but were held back because of...

Homeboyz Entertainment makes stock market debut

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Nation | by Peter Mburu Homeboyz Entertainment Plc has officially listed its shares on the Nairobi Securities Exchange (NSE) market on Monday, coming just two months...