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Business news highlights

Banks save Sh6.3bn after shutting down branches

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Business Daily | by Otiato Guguyu Banks saved Sh6.3 billion last year in rental charges as the lenders shut down branches, closed automated teller machines...

Local tourists flock to Coast amid coronavirus pandemic

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People Daily | by Yusuf Masibo Kenya’s multi-billion hospitality industry which emerged as one of the most affected sectors following the Covid-19 pandemic shocks now...

KQ awaits US agency nod for Dreamliner to ferry cargo

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Business Daily | by Gerald Andae Kenya Airways is waiting for clearance from the US Federal Aviation Administration (FAA) after it completed the conversion of...
kenya power electricity supply ketraco

Kenya fails to connect 1.28m to power grid

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Business Daily | by Constant Munda Kenya missed to connect nearly 1.28 million homes and businesses to electricity in the three years through June 2020,...

Twiga Foods, Britam unveil Sh10,000 cover for vendors

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Business Daily | Kevin Rotich Twiga Food vendors will be compensated Sh10,000 in cash per month if they are hospitalised for more than two days...

Suppliers of State projects cut from VAT refund plan

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Business Daily | by Edwin Mutai Manufacturers who supply goods to government projects will not claim VAT paid on materials used to make the supplies...
fuel prices, fuel subsidy, petroleum development levy

Broke National Oil needs Sh7.5bn bailout – report

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Nation | by Edwin Okoth The National Oil Corporation of Kenya (Nock) has sunk into Sh7.5 billion financial rut, adding to the burden taxpayers will...

KQ terminates controversial venture with KLM after 24 years

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Nation | by Paul Wafula Kenya Airways (KQ) will terminate the controversial 24-year-old joint venture partnership with Air France KLM Group next year, in what...