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EABL buys extra Sh6bn stake in Dar subsidiary

Nairobi, Aug. 2 -- East African Breweries Limited #ticker:EABL has completed acquisition of additional 30 percent stake in Tanzanian subsidiary for $55 million (Sh5.98 billion), raising its ownership ... Read More


Bolt drivers to access instant cash

Nairobi, July 30 -- Bolt, a digital transport service provider, has unveiled a new feature enabling drivers on its platform to withdraw income "as and when they need it" in a bid to stay ahead of riva... Read More


Kenya's mortgage refinancer delays debut cash call

Nairobi, July 30 -- The Kenya Mortgage Refinance Company has pushed back a planned debut bond issue by up to three months, allowing consultants more time to work on finer details of the cash call. Ch... Read More


Kenya's mortgage refinancier delays debut cash call

Nairobi, July 30 -- The Kenya Mortgage Refinance Company has pushed back a planned debut bond issue by up to three months, allowing consultants more time to work on finer details of the cash call. Ch... Read More


State-backed mortgage firm triples home loans to Sh7bn

Nairobi, July 29 -- The State-backed mortgage refinancing firm will triple affordable home loans to Sh7 billion in the year started July, offering a boost to workers push for house ownership. The fun... Read More


KRA eyes Sh14bn digital services tax from foreign firms in three years

Nairobi, July 20 -- The Kenya Revenue Authority (KRA) has set a Sh13.9 billion tax goal in the next three years through June 2022 from foreign firms using the Internet to market and sell products in K... Read More


New fund to pay laid-off Kenyan workers for 6 months: PS

Nairobi, July 16 -- Salaried employees in Kenya who become jobless will get a fraction of their pay for six months from a State-backed fund aimed at cushioning workers laid off or are unable to work d... Read More


Laid-off workers to get jobless pay for 6 months

Nairobi, July 16 -- Salaried employees who become jobless will get a fraction of their pay for six months from a State-backed fund aimed at cushioning workers laid off or are unable to work due to ill... Read More


Kenya's FDIs fall Sh41bn on Covid, ownership rules

Nairobi, July 15 -- Kenya's foreign direct investment (FDI) inflows dropped $381 million (Sh41.14 billion) in 2020, hurt by Covid-19 restrictions and fresh rules demanding foreign firms in some indust... Read More


Equity pays Sh1.5bn fees for students in top global varsities

Nairobi, July 14 -- Equity Bank Group #ticker:EQTY has offered university scholarships worth nearly Sh1.45 billion to 118 students admitted to some of the World's top universities, including Harvard a... Read More