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Business news highlights

Fuliza users now borrow Sh830m daily

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Business Daily | by Patrick Alushula Safaricom subscribers increased borrowing from the overdraft service Fuliza in the six months to September by a third to...

Access Bank launches in Kenya

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Kenyan Wall Street | by Miriam Wangui Nigeria’s Access bank has today launched its operations in Kenya after acquiring a 99.9% stake in privately owned...

First ‘milestone’ vaccine offers 90pc protection

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People Daily | A vaccine against Covid-19 is in sight, with the announcement of the first interim results in large-scale trials showing the Pfizer/BioNTech candidate...

Higher milk prices loom as supply shortage bites

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Business Daily | by Gerald Andae Consumers are staring at high cost of milk after processors adjusted their prices in response to the tightening supply in...

Gross savings hit record low on lean returns

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Business Daily | by Otiato Guguyu The gross savings by Kenyans dropped to an all-time low of eight per cent of the gross domestic product...

Hotels reduce rates to woo domestic tourists

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The Standard | by Joackim Bwana Hoteliers at the Coast have cut rates by up to 55 per cent as they desperately try to woo...

KQ gets green light to turn Dreamliners into freighters

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Business Daily | by Gerald Andae Kenya Airways will convert two of its Dreamliner planes into cargo aircraft after the carrier got the go-ahead from...

Women and youth firms fail to take up tenders

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Business Daily | by Edwin Mutai Enterprises owned by women, youth and the disabled have no capacity to absorb billions of shillings in contracts reserved...