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Business news highlights

Virus hits adverts, cuts expenditure by Sh25b

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People Daily | by John Otini Spending on advertising dropped by Sh25 billion in the first half of the year as Kenya’s leading corporations froze...

Milk retail price goes up as supply crunch bites

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Business Daily | by Gerald Andae Consumers will pay more for milk starting this week following a decision by New KCC to adjust upwards the...

Cytonn in race against time to pay frightened investors

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People Daily | by John Otini In 2014, Edwin Dande was the chief executive officer an asset management firm working with a team of other...

Sacco starts offering subsidised mortgage in State-backed plan

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Business Daily | by James Kariuki Harambee Sacco Monday became the first lender to offer mortgages at an annual subsidised interest of seven percent under...

Eight Nyeri coffee factories face auction over Sh163m debt

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Business Daily | by Irene Mugo Eight coffee factories affiliated to Rumukia Cooperative Society in Nyeri are set to be auctioned by their lender over...

Lawyers, aviators want KQ’s takeover halted

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The Standard | by Macharia Kamau The move to nationalise Kenya Airways (KQ) may not have been well thought through. Going ahead with the process might complicate...

Posta wants firms to have letterboxes before registration

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Business Daily | by Edwin Mutai The Postal Corporation of Kenya (PCK) wants the government to compel Kenyans seeking to register companies to provide letterbox...

Client sues Cytonn Investments over unpaid dues

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Kenyan Wall Street | by Jackson Okoth A client who invested in high yield solutions, a product offered by Cytonn Investments, has sued the firm...