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Saturday 28 March 2020
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Category: Business

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...

Private firm to fund Sh21bn old rail link to SGR.

Private contractors will finance the upgrade of the old metre gauge railway (MGR) between Naivasha and the Malaba border and also build a...

KDF takes over Sh2.8bn Uchumi Kasarani land.

Troubled retail chain Uchumi Supermarkets is locked in a land ownership dispute with the Kenya Defence Forces (KDF), which has laid claim...

Shelter Afrique injects Sh200m into Kenya Mortgage Refinance Corporation.

Efforts to provide affordable housing received a shot in the arm after Nairobi-based Pan-African financier Shelter Afrique injected Sh200...