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By Evelyne Wanja Seven people have been arrested at Industrial Area in Nairobi in connection to illegal fuel operation. According to the Energy and Petroleum Regulatory Authority (EPRA), the suspects were nabbed following a tip off by the Kenya Power surveillance officers. Five of the culprits, who are yet to
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By GERALD ANDAE More by this Author Agriculture Cabinet Secretary Mwangi Kiunjuri has sacked National Cereals and Produce Board (NCPB) acting managing director Albin Sang over the alleged sale of about Sh1 billion maize imported from Mexico. Sources at the NCPB said Mr Sang oversaw the selling of about 600,
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By PATRICK ALUSHULA More by this Author Jubilee Holdings has failed to grow its profit for the first time in 12 years, slowed by a decline in earned premiums as expenses shot up in the financial year ended December 2018. Net profits fell marginally by 1.3 percent to Sh4.
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By GERALD ANDAE More by this Author The price of tea at the auction has hit a four-month peak, with an eight percent increase in last week’s sale. A market report by East Africa Tea Traders Association (Eatta) shows a kilo of tea fetched an average Sh219 against Sh203
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By JAMES KARIUKI More by this Author Local retailers secured the lion's share Sh429 billion from lenders to open new stores and refurbish outlets amid rising fierce competition including from incoming global brands. According to the 2018 Economic Survey, the money, representing 21.9 percent of the Sh1.
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The employment of mobile applications in the issuance of credit in the country has grown from a relatively non-existent position to become central to the delivery of financial services in Kenya. According to the recently released survey on financial access dubbed the FinAccess 2019 report by the Central Bank of
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By GERALD ANDAE More by this Author Exports of duty-free goods to the US under the African Growth and Opportunity Act (Agoa) grew by 25 percent last year, marking one of the biggest leaps in nine years, according to the latest figures by the Kenya National Bureau of Statistics (KNBS)
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By GERALD ANDAE More by this Author The Ministry of Agriculture will Tuesday hold a second meeting with millers to agree on the modalities of releasing cheap maize from the Strategic Food Reserve (SFR) to ease the rising cost of flour. In a letter written by Agriculture Principal Secretary Hamadi
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‘You cannot eat Gross Domestic Product (GDP)’, goes the old-cliche on quantifying economic progress. The coined phrase was once again brought to the limelight with respect to the recently released 2019 economic survey by the Kenya National Bureau of Statistics (KNBS). While the survey pronounced a 6.3 percent expansion
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Emgwen Member of Parliament Alexander Kosgey has made his submission of the proposed raise to the public debt threshold to an absolute Ksh.6 trillion under amendments to the Public Finance Management (PFM) Act. In his presentation of the draft recommendation to the Budget and Appropriations Committee on Thursday, Kosgey