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Business news highlights

Lenders exempted from mortgage cap in State-backed plan

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Business Daily | by Constant Munda Banks and saccos have been exempted from capping mortgage rates supported by the State-backed refinancing firm that was established...

Jubilee sells Sh10.8 billion stake to German insurer

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Business Daily | by Victor Juma Jubilee Holdings is selling majority stakes in its regional general insurance subsidiaries to German conglomerate Allianz SE for a...

Farmers to give views on proposal to lease State-owned sugar mills

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Nation | by Victor Raballa Stakeholders in the sugar industry will soon have an opportunity to give their views on the proposal to lease five...

Cereals board to buy maize from farmers at Sh2,500

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People Daily | by Hillary Mageka President Uhuru Kenyatta has ordered the National Cereals and Produce Board (NCPB) to buy maize from farmers at Sh...

Banks restructure Sh1.1 trillion loans on Covid cash woes

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Business Daily | by Brian Ngugi Banks have restructured loans worth Sh1.12 trillion or 38 percent of the total loan book by end of August...

10 brewers face probe over Sh3bn tax evasion

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Business Daily | by David Mwere At least 10 local distillers are under investigations by the Kenya Revenue Authority (KRA) over Sh3.9 billion in tax...

Motorists to pay Sh3,000 via insurance for road damages

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Business Daily | by Edwin Okoth Motorists will pay up to Sh3,000 through their annual car insurance to cover for damages of road assets if...

Tuskys Shareholders Approve KSh2 Billion Credit Deal

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Kenyan Wall Street | by Wandiri Gitogo Tuskys Supermarket shareholders have unanimously approved efforts to secure structured credit facilities amounting to KSh2 billion. In a...