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Economy KRA to pursue tax cheats as it clears goods held at depot Wednesday, June 5, 2019 20:52 By PATRICK ALUSHULA The Kenya Revenue Authority (KRA) will still go after tax cheats as it begins clearance of 26 containers that have overstayed at Inland Container Depot (ICD) in line
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Companies Barclays sounds the alarm on banking overregulation Wednesday, June 5, 2019 20:53 By PATRICK ALUSHULA Barclays Bank of Kenya #ticker:BBK says it sees banking services possibly becoming more costly in the near future due to increased regulations in the sector. The lender, with more than 100-years presence
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Companies Bic firms fight Doshi defamation lawsuit Wednesday, June 5, 2019 20:54 By BRIAN OCHARO Two companies dealing in the manufacture of Bic products have denied defaming a Kenyan firm, Doshi Ironmongers Ltd when they stated that the Mombasa-based dealer imported and sold counterfeit pens in 1996. French corporation
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Companies Uber targets businesses with discounted client rides Wednesday, June 5, 2019 20:54 By ANNIE NJANJA Ride-hailing app Uber has unveiled a new discount programme in Kenya that gives companies the ability to pay for trips taken by their customers in a bid to boost operations, in the latest
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Companies IFC injects Sh200m into mortgage firm Wednesday, June 5, 2019 20:55 By VICTOR JUMA The International Finance Corporation is set to invest $2 million (Sh202 million) in Kenya Mortgage Refinance Company (KMRC), a public-private company that will provide long term funding to banks and saccos to enable the
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Companies Reprieve for firm in Sh300m loan dispute with I&M Wednesday, June 5, 2019 20:55 By RICHARD MUNGUTI I&M Bank has been temporarily stopped from auctioning property belonging to a plastic bags manufacturer in order to recover an outstanding loan of over Sh300 million pending
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The fish hatchery will be set up at Shimoni and is part of the blue economy initiative to address challenges of food security.
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News Kirubi payout from Bic sale rises to Sh1.8 billion Thursday, June 6, 2019 10:21 By VICTOR JUMA Billionaire businessman Chris Kirubi’s payout from the release of his BIC franchise to French conglomerate Société BIC is set to hit Sh1.8 billion after the multinational company indicated
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News Loan defaulters to get notice before CRB listing Thursday, June 6, 2019 10:33 By PATRICK ALUSHULA Loan defaulters will soon be entitled to a 30-day notice from lenders before their names are submitted to credit reference bureaus (CRBs) for listing, in new Central Bank of Kenya (CBK) regulations
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News Uhuru appoints Patrick Njoroge as CBK chief for a second term Thursday, June 6, 2019 10:42 By BRIAN NGUGI President Uhuru Kenyatta has appointed Dr Patrick Njoroge for a second and final four-year term as Central Bank of Kenya (CBK) governor. The reappointment effective June 18, 2019 was
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News Deal paves the way for millers to get Sh1bn maize Thursday, June 6, 2019 11:14 By GERALD ANDAE The National Cereals and Produce Board (NCPB) is set to release maize worth Sh1 billion to millers who have paid for the grain following a deal brokered by senior government
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News Banks to update ATMs for new currency Wednesday, June 5, 2019 13:02 By EDWIN OKOTH Banks will now have to reconfigure their automated teller machines (ATMs), acquire new cash counting machines and upgrade their software to accommodate the new currencies introduced to the market last Saturday. The new