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Business news highlights

ICT start-ups face early funding gap

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Business Daily | by Brian Ngugi Kenya’s ICT sector is facing a gap in early-stage investments despite an array of successful start-ups that have solved...

Telkom rolls out Sh3,100 smartphone in push for data uptake

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Business Daily | by Brian Ngugi Telkom Kenya has unveiled a deal to offer affordable smartphones to its customers as it seeks to boost data...

Shoprite Supermarket to exit Kenya by December 2020

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Kenyan Wall Street | by Jackson Okoth South Africa’s retail giant Shoprite has indicated plans to shut down its loss-making Kenyan business by December this...

KQ nears nationalisation as talks on shares enter homestretch

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Business Daily | by Gerald Andae Kenya Airways is moving closer to nationalisation as the carrier together with the National Treasury are conducting valuation of...

Banks lose Sh19bn in six months on Covid hurdles

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Business Daily | by Patrick Alushula Commercial banks lost Sh19.48 billion in the six months to end of June as Covid-19 economic disruption forced lenders...
fuel prices, fuel subsidy, petroleum development levy

Kenya to Launch Diesel Price Stabilization Fund

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Kenyan Wall Street | by Eunniah Mbabazi Kenya has announced plans to set up a diesel price stabilization fund, a move that seeks to reduce...

Miraa farmers to wait longer for Somalia market

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Business Daily | by David Muchui Miraa farmers and traders may have to wait longer for reopening of the lucrative Somalia market since the electioneering...

Heavy domestic borrowing, unpaid bills deny SMEs cash

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People Daily | by Lewis Njoka Delayed payment by national and county governments coupled with heavy domestic borrowing are making it difficult for small and...