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Business news highlights

Ailing Tuskys gets reprieve in wind-up suit over Sh248m debt

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Business Daily | by Sam Kiplagat The High Court has extended orders barring home appliances and electronic dealer from winding up troubled supermarket chain Tuskys...

Centum real estate unit gears up for Sh4bn housing bond

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Business Daily | by Patrick Alushula Centum Real Estate plans to issue a Sh4 billion bond to finance ongoing housing projects, marking its first major...

Tax on barbed wire imports opens doors for local firms

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Nation | by Kamau Maichuhie A decision by the government in June to impose a 25 percent tax on galvanised wire imports, has opened doors...

CMA wants NSE listing for firms eyeing State Covid funds

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Business Daily | by Otiato Guguyu The Capital Markets Authority (CMA) has proposed mandatory listing on the Nairobi Securities Exchange (NSE) by small businesses eyeing...

Portland, Tarda get Sh661m bailout

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Business Daily | by Edwin Mutai The Treasury paid Sh661.2 million to bail out cash-strapped East African Portland Cement Company (EAPCC) and Tana and Athi...

Relief for Eastlands commuters as rail service to CBD restored

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Nation | by Collins Omulo Residents of Eastlands, Nairobi, can now heave a sigh of relief as the commuter rail service to the Central Business...
fuel prices, fuel subsidy, petroleum development levy

Petrol, electricity prices to rise on new levy plan

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Business Daily | by John Mutua Consumer prices of petroleum and electricity are set to climb if Parliament approves a new taxation formula aimed at...
cooperative bank of kenya

Co-op Bank requires Sh12.5bn to revamp Jamii Bora

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Business Daily | by Patrick Alushula Co-operative Bank of Kenya will require up to Sh12.5 billion to revive the fortunes of the acquired of Jamii...