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Business news highlights

Startups marked for tax relief to spur innovation

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Business Daily | by Lynet Igadwah Kenyan startups admitted to incubation hubs will pay less tax, if Parliament adopts proposals in a Bill which seeks...

Kenyan coffee risks losing global appeal on chemicals

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Business Daily | by Gerald Andae Kenya’s coffee risks losing its top spot in the world market following its rejection in Japan and South Korea...

Ahero to get 2,500 acres more under irrigated rice

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Business Daily | by Victor Raballa Rice production in Kenya is set to marginally increase following plans for irrigation expansion at Ahero by 2,500 acres. The...

Equity gets Sh10.8bn for lending to SMEs

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Business Daily | by Brian Ngugi Equity Group has signed a Sh10.8 billion ($100 million) loan agreement with French development institution Proparco for onward lending...

Defaults on bank loans up Sh45bn in Covid-19 curbs era

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Business Daily | by John Mutua Workers and businesses defaulted on loans worth Sh45 billion in the six months to August when Kenya imposed stringent...

Counties, ministry to hold talks on cable cars project

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Nation | by Onyango K'Onyango and Evans Kipkura The national government is expected to partner with the North Rift Economic Bloc (Noreb) counties to revive...

Fuliza loans hit Sh1bn daily during Covid era

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Business Daily | by Otiato Guguyu Safaricom subscribers more than doubled their borrowings from the overdraft service Fuliza in the six months to June when...

Job cuts ease out as firms resume full operations

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Business Daily | by Constant Munda Job sheds by corporates flattened out in September as more firms resumed operations after months of interruptions caused by...