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Business news highlights

Kenya Airways State takeover frozen in legal hitch

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Business Daily | by John Mutua The nationalisation of Kenya Airways (KQ) has suffered a setback after Parliament stalled a proposed law that seeks to return...

Kenya Power’s debt to KenGen hits Sh23.7bn

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Business Daily | by Edwin Okoth Kenya Power owes its key supplier the Kenya Electricity Generating Company Sh23.7 billion, pointing to a growing debt distress...

Kenya seeks Sh5.7bn to boost 800 coffee firms

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Nation | by David Muchui Kenya is sourcing for Sh5.7 billion from the World Bank for rehabilitation of about 800 coffee pulping factories as part...

Freeze new excise duty on beer, plead dealers

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Nation | by Brian Ambani and James Kariuki Beer distributors want a planned increase of excise duty on 31 products suspended to support revival of...

Masai Mara hotels slash rates, offer special discounts as peak season ends

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People Daily | by Peter Leshan As the annual tourism peak season in Masai Mara Game Reserve enters home stretch, hoteliers are slashing rates and...

Tech giant HP winds up East Africa unit

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The Standard | by Wainaina Wambu American technology firm Hewlett Packard has wound up its East African subsidiary as part of an “internal re-organisation”, its...

Family Bank targets dairy farmers with Sh1bn loan

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Business Daily | by Patrick Alushula Family Bank has partnered with a dairy farming investment advisory firm in a deal that targets about 100,000 farmers...

New KRA app to allow tax payment through M-Pesa

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Business Daily | by Bonface Otieno Workers and businesses can file their returns and pay taxes through their mobile phones after the Kenya Revenue Authority...