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Sunday 26 May 2019
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Category: Business

Report: Treasury hid deficit in false figures.

The National Treasury is hiding Kenya’s true budget deficit by using wrong figures, this is according to the the Parliamentary Budget...

KAM partners with local community to launch waste management innovation.

Kenya Association of Manufacturers has introduced the Customer Bora-Taka Banks Program in partnership with Dandora Hip Hop City aimed at...

Huawei sanction likely to hit Safaricom, government

The US’s blacklisting of Chinese tech giant Huawei could potentially filter through to the Kenyan market due to the high exposure by...

Sh35bn slotted for SGR loan payment in revised budge.

The Treasury has revised its budget to include Sh35 billion pay to China’s Exim Bank for a loan it gave Kenya for construction of the...

Cash crunch hits release of cheap maize to millers.

The release of more than two million bags of cheap maize from the National Cereals and Produce Board (NCPB) to tame rising flour prices has...

Price of Super Petrol jumps up by Sh5.43

The cost of super petrol has gone up further this month and will now retail Sh112.03 in Nairobi, a price that will be in place until the...

Fuel levy in power bills hits 5-year high.

The fuel cost levy in May electricity bills has jumped by the biggest margin in five years on reduced use of cheaper hydro-power following...

MPs warn farmers: Release maize or it will be imported.

The government will be forced to import maize if farmers continue to hoard their produce and demand high prices, the National Assembly...

Local banks take Sh8 billion hit in KQ shares.

Ten local banks including Equity  , KCB   and CBA have suffered a combined paper loss of Sh8.6 billion on their Kenya...

Equity to switch Sh150bn State bonds for SME loans.

Equity Bank   has lined up Sh150 billion for lending to small businesses in a sharp policy shift that will see the lender offload...