BUSINESS NEWS
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A Member of Parliament has moved to make amendments to the existing law to stop lending institutions from going for guarantor's property in case principal borrowers default on loans.
In his proposal, Juja MP Francis Waititu wants banks and other lenders be forced to pursue principal borrowers in…
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A Nyeri-based restaurant has become one the first businesses entities in the country to accept payments through world's famous cryptocurrency, Bitcoin.
Betty Place Restaurant, located in the heart of the former Central Province headquarters, announced it will now accept payments through Bitcoin.…
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Commercial banks are now making it mandatory for Kenyans opening accounts to supply their Kenya Revenue Authority (KRA) Personal Identification Number (PIN).
The lenders have also requested existing account holders to provide their pins in the latest move by the Kenya Revenue Authority (KRA) to…
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The Government of Kenya is set to hold discussions with US construction company Bechtel over the construction of multi-billion Nairobi-Mombasa expressway.
The two sides will from next week engage on the the financing model for the proposed Sh300 billion mega project, the only of its kind in East…
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Former Nairobi Deputy Governor Polycarp Igathe has officially been confirmed as Equity Bank’s Chief Commercial Officer (CFO).
The lender confirmed Igathe's appointment alongside that of Julius Kayoboke as Director of Customer Experience and Product Management. The confirmations follow approval by…
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The Jomo Kenyatta International Airport (JKIA) has been named the best airport facility in Africa and 38th globally in new ranking.
The latest ranking used quality of service, on-time performance and passenger experience to rank airports across the world.
AirHelp Score rankings examined data from…
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The United Nations has placed Nairobi as one of the top four major urban Foreign Direct Investment (FDI) destinations in Africa. This is together with Cairo, Lagos and Johannesburg.
“FDI hubs such as Johannesburg, Cairo, Lagos, and Nairobi are noteworthy players in global FDI markets (in terms of…
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Bankers have moved to court to challenge plans to increase tax on transactions of more than Sh500,000 as proposed by National Treasury Cabinet Secretary Henry Rotich.
The Kenya Bankers Association (KBA) filed a case on Monday challenging the proposed introduction of 0.05 percent excise duty tax on…
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A London-based publication has hailed the impact made by devolution in Kenya, but indicates that the system can bring more benefits if the 47 counties join regional economic blocs to attract investment.
In a four-page report, the influential Financial Times newspaper says that devolution has…
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Kenyans will from Sunday, July 1st be forced to dig deeper into their pockets as the new increased charges for mobile cash transfer service take effect.
In his budget statement, Treasury Cabinet Secretary Henry Rotich said customers would be charged 12 per cent up from 10 percent of every cost of…
