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The Capital Markets Authority (CMA) has dropped a second suspect and five traders under investigation into the KenolKobil insider trading scandal. Charles Field-Marsham has cleared his name with the regulator after he was accused of helping leak the potential buyout price to financial advisor Aly-Khan Satchu, who then mobilised his
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A planned expansion of Kabunde Airstrip has suffered a blow after villagers who gave out their land for the project rescinded their decision. The villagers demanded back their land which had already been fenced by the Kenya Airports Authority (KAA) for expansion of the airstrip, saying the authority had breached
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Devki Group are in line to become the second largest cement maker in Kenya after they acquired the assets of Athi River Mining for Sh5 billion. The maker of Simba brand under National Cement subsidiary recently acquired Cemtech which holds limestone and clay deposits, and the requisite licences, in West
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Coffee farmers should continue receiving Government support for at least three years, experts tasked with reviving the sub-sector have recommended. The Coffee Sub-Sector Implementation Committee (CSIC) has also castigated Government’s efforts to revive the industry, saying they are doomed to fail if the indebtedness of 500 co-operative societies is
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Rose Moses, James Nyamai and Abraham Mbuthia were recently crowned the winners of an entrepreneurship challenge. They were among 807 business owners who were looking to walk away with a combined Sh5 million that Total had set aside for its Startupper of the Year 2019 challenge. The entries were whittled
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JANE WAITHERA, 37 I’m both employed and self-employed. I work as a househelp for my sister, and then use my free time in the afternoon to sell groundnuts and balls of sesame. I’ve run my business for a year now, and what’s made it possible is working
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Eight years into employment, Damaris Ndinda decided to get serious about earning a side income. She set up Iconic Barbers, investing her life savings into it despite warnings against the idea from her family and friends. For three years, Damaris ran the business alongside her job, but it never quite
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China has denied claims that its policies towards Africa and especially Kenya are a "debt trap" owing to the numerous major projects initiated. Yesterday, the new Chinese Ambassador to Kenya Wu Peng downplayed the concerns and said there were no collaterals attached to the loans secured by the
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A Kenyan firm has laid claim to two fishing vessels impounded by the Kenyan Coast Guard Service (KCGS) off Malindi coast last week. On Sunday, KCGS claimed it had seized two Chinese flagged vessels in Kenya's territorial waters within Ungama Bay. According to officials, the vessels with Chinese
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KCB Lions’ Den will this Friday be closing its call for applications from businesses interested in being part of the television series. There are still a couple of days left, though, so if you haven’t applied yet, here’s what you and your business stand to gain from being
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Last week, I was fortunate enough to be a part of the 72nd Cannes Film Festival held in Cannes, France. I met many people I’ve admired over the years, including the acclaimed director of The Revenant, Alejandro González Iñárritu, Javier Bardem, the star of Loving Pablo and independent filmmaker
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- Investigators on Monday morning raided a house in Nairobi's Riara estate where they discovered a counterfeit gold smelting centre - The detectives seized over 30 boxes of fake gold with varying weights and eight vehicles belonging to the suspects - Police believe the fake gold racket is