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Business news highlights

Finlay to lay off 719 employees

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The Standard | by Nikko Tanui More than 700 tea workers at James Finlay will lose their jobs. Human Resource Manager Daniel Kirui issued a...

Golf club suspension of 3 members overturned

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Nation | by Philip Muyanga The High Court has quashed a decision by Nyali Golf and Country Club to suspend the membership of two lawyers...

Tax collection drops by Sh168b

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The Standard | by Dominic Omondi Tax collection in the first four months of the current financial year dropped by Sh168.4 billion, one of the...

Kenya Power raises alarm over clients solar switch

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Business Daily | by Edwin Okoth The growing shift to solar power systems by heavy-consuming industrialists seeking reliable and cheaper supply has rattled electricity distributor...

Corporate tax exceeds KRA target by Sh3bn

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Business Daily | by Constant Munda Taxes from company profits surpassed the Treasury’s target by Sh3.05 billion in three months ended September, indicating businesses recovered...

Senate accuses EABL of unfair trade practices

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Kenyan Wall Street | by Jackson Okoth The East African Breweries Limited(EABL) is under the microscope by the Senate Committee on Tourism, Trade, and Industrialization,...
mombasa port

KPA wants suit against commuter bus tender quashed

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Business Daily | by Philip Muyanga The Kenya Ports Authority wants a suit challenging a tender it advertised for the provision of commuter bus services...

KRA misses tax targets by Sh63bn on job, pay cuts

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Business Daily | by Constant Munda The Kenya Revenue Authority (KRA) posted a Sh62.95 billion shortfall on its payroll and consumption tax collection targets for...