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Economy Canadian agency warns about Visa fraudsters Monday, May 20, 2019 20:14 By BRIAN NGUGI Kenyans are losing up to Sh2.15 million per person to well organised fraudsters selling fake Visa’s to Canada and non-existent job offers to Kenyan job-seekers, an international agency that processes the travel
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Economy Betting firms owe Sh26bn tax, Matiang’i says Monday, May 20, 2019 20:13 By MAUREEN KAKAHBy LYNET IGADWAH Betting firms owe the Kenya Revenue Authority (KRA) Sh26 billion in unpaid taxes, Interior Cabinet Secretary Fred Matiang’i said Monday, amid raging legal battles in the industry. Dr Matiang’
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By CONSTANT MUNDA More by this Author Debt repayments took up nearly Sh635.35 billion in 10 months through April, 2019, highlighting the distorting effect of the government’s borrowing spree. Fresh Treasury statistics show the cash spent on servicing public debt was three times the expenditure on development projects
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The Central Bank of Kenya in partnership with five commercial banks are set to avail low-interest loans to micro, small and medium enterprise traders on mobile phones. This will be through the mobile-based credit scheme dubbed Stawi targeting at least 13,000 traders in the first round. CBK Governor Dr
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Personal Finance New mortgage agency brings home ownership to masses Monday, May 20, 2019 19:12 By FELIPE JARAMILLO | For long, households earning less than $1,500 (Sh150,000) per month in Kenya have been locked out of the mortgage market due to high housing prices on offer and short
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Personal Finance How to protect savings from inflation erosion Monday, May 20, 2019 19:11 By REGINALD KADZUTU Saving money is a basic habit that everyone should cultivate to be financially healthy. Most financial advisers recommend that one save at least 20 percent of their net income. True, everyone should
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Market News Biogas firm secures Sh1.2bn financing Monday, May 20, 2019 19:09 By JAMES KARIUKI Biogas products firm Sistema.Bio has received Sh1.2 billion in its first round of fundraising for an expansion drive across Kenya. Chief executive and co-founder Alex Eaton said the money—received from
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Market News Afrexim seeks financial analysts in Nairobi for head office Monday, May 20, 2019 19:08 By BRIAN NGUGI The African Export Import Bank (Afreximbank) is seeking to hire investment analysts as it beefs up its regional operations. Afreximbank on Friday advertised in Kenyan media slots for the investment
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Decision on maize imports due this week - Daily Nation * News * Business * Counties * Sports * Blogs & Opinion * Life & Style * Videos * Photos * News PoliticsAfricaWorld Latest News Ethnic violence kills 23 in eastern Chad Five banks launch Sh30,000 SME loans Why women risk getting preterm babies Court extends orders on
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By CHARLES MWANIKI More by this Author The secondary bonds market at the Nairobi bourse has been tipped to witness higher activity in the next two months from inflows of rising maturing debt amid expected lower appetite for new borrowing by the Government. The injection of funds from the new
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Counties Farmers in Nyandarua build retirement nests on Bamboo Monday, May 20, 2019 18:49 By WAIKWA MAINA Giant bamboos are entrenching themselves as the third cash crop in Nyandarua, a region dominated by Irish potato and dairy farming after the collapse of pyrethrum industry. Bamboo, which matures in four
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The ongoing rollout of the Universal Health Coverage (UHC), now in the pilot phase, has received global recognition at the World Health Organization’s (WHO) 72nd World Health Assembly meeting which kicked off in Geneva, Switzerland on Monday. Speaking during the opening ceremony attended by hundreds of world leaders among