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Business news highlights

Kenyan banks recorded 2.6pc jump in bad loans

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People Daily | by Lewis Njoka Asset quality for listed banks deteriorated in the third quarter of 2020 with non-performing loans (NPL) rising by 2.6...

KCB, Kiambu ink Sh1.3bn youth firms financing deal

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Business Daily | by Simon Ciuri Top tier lender KCB Bank has inked a funding deal with Kiambu County government aimed at cushioning local youth...
fuel prices, fuel subsidy, petroleum development levy

Motorists face costly fuel in January on global oil rally

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Nation | by Edwin Okoth Petroleum prices rose marginally this month based on November's global price, meaning motorists will face higher pump prices in January...

Digital services tax to take effect in January 2021

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Kenyan Wall Street | by Jackson Okoth The Income Tax (Digital Service Tax) Regulations 2020, which shall come into force on the 2nd January, 2021,...

Trouble for idle Sh2bn Kisumu jetty

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Business Daily | by Edwin Okoth Kenya Pipeline Company (KPC) may be forced to devalue the newly-built Sh2 billion Kisumu oil jetty due to uncertainty...

Coconut farmers get boost as Agriculture CS unveils Sh100m fund

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People Daily | by People Reporter Coconut farmers in the coastal region are set to benefit from low cost credit after the launch of Sh100...

Radisson Blu shuts its Upper Hill outlet

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Business Daily | by Patrick Alushula Global hotel brand Radisson Blu has halted its operations in Nairobi’s Upper Hill and sent most of its staff...
fuel prices, fuel subsidy, petroleum development levy

Motorists close to fuel subsidy as oil hits $50

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Business Daily | by Edwin Okoth Motorists are on course to enjoy a State subsidy on fuel after global crude cost rose above $50 per...