Diaspora remittances withstood global headwinds last year, increasing by 9% to KES 453.6 billion in 11 months from KES 416.2 billion the previous year. According to Central Bank of Kenya …
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Canadian telco, Iristel enters Kenyan market
by Editorby EditorCanadian company Iristel has announced its expansion into Kenya after winning a legal tussle against Safaricom. This expansion provides Iristel with a presence in Africa, as it looks to expand …
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Uproar As Cooperative Bank Charges Sh22 For Sh10 Safaricom Airtime
by Editorby EditorKenyans have voiced their anger over the high cost of buying airtime through local banks. A spot-check by Capital Business shows that the Co-operative Bank of Kenya charges clients a …
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Transporters protest rule by Kenya to ban old truck imports
by Editorby EditorKenya has started enforcing vehicle importation restrictions as its revenue authority begins crushing dozens of unclaimed vehicles at the port and those that have not met the eight-year-old import limit. …
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Safaricom reveals tax fears in plan to hive off M-Pesa
by Editorby EditorSafaricom is wary that the Kenya Revenue Authority (KRA) might use the current tax laws to hit it with taxes such as the capital gains tax (CGT) if it goes …
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Watchdog punishes Unilever Kenya for unfair trade deals
by Editorby EditorThe Competition Authority of Kenya (CAK) has punished consumer giant Unilever Kenya for revising payment terms with tens of its suppliers after a probe revealed the firm exploited smaller traders. …
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Kenya To Witness Tourism Boost from Flight to United Arab Emirates
by Editorby EditorThe country is set to witness a tourism boom in the coastal region following the launch of the first direct flight from Mombasa to Dubai in the United Arab Emirates. …
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Kenya among seven markets targeted for continental stocks
by Editorby EditorKenya is among seven markets in Africa targeted for cross-border securities trading. This is on an e-platform (The AELP Trading Link) under the African Exchanges Linkage Project (AELP). It enables …
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Freedom for ex-MD of Kenya Pipeline Company acquitted of corruption charges
by Editorby EditorAfter being forced out of office in December 2018 following corruption allegations, former Kenya Pipeline Company (KPC) managing director Joe Sang says he had to find something productive to do …
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Twitter Founder Jack Dorsey In Kenya, Invests Sh245mn
by Editorby EditorDorsey, who was among the founders of the social media platform before it was sold to billionaire Elon Musk, surprised staff at Crazy Grill in Parklands when he popped in …