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Kenyan firms on the spot for sharing customer data

Nairobi, July 23 -- More than a fifth of Kenyan companies shared customers' financial and personal information without the client's consent in breach of data protection laws enacted two years ago. A ... Read More


A taste of Greece in Nairobi

Nairobi, July 23 -- A bun served on a wooden plate comes with big chunks of marinated olives and olive oil before the main meal. The trick to this kind of starter is pouring some of the olive oil and... Read More


Kenyan firms on the spot for sharing customer data

Nairobi, July 23 -- More than a fifth of Kenyan companies shared customers' financial and personal information without the client's consent in breach of data protection laws enacted two years ago. A ... Read More


East Africa FDI flows drop on Covid woes, policy bottlenecks

Nairobi, July 22 -- Foreign direct investment (FDI) inflows into Eastern Africa dropped by a fifth last year compared to 2019, marking a third straight year of decline that was exacerbated by the Covi... Read More


Turf wars as city matatus launch new routes to satellite towns

Nairobi, July 21 -- Nairobi and Kiambu matatu owners have introduced new routes beyond traditional zones to boost their earnings amid over supply of vehicles serving city dwellers. Operators have app... Read More


Faulu to lend small firms Sh1 billion in three counties

Nairobi, July 20 -- Faulu Microfinance will lend more than Sh1 billion to small enterprises in Nakuru, Nyandarua and Laikipia counties, in a move set to help the bank grow its presence and revenues. ... Read More


Opibus sets sights on building electric mining vehicles

Nairobi, July 20 -- Electric vehicle solutions company Opibus has introduced an electric mining vehicle, building on its business of converting diesel and petrol powered engines. The company says the... Read More


Public debt up Sh432bn in first half of the year

Nairobi, July 20 -- Kenya's outstanding public debt increased by Sh432 billion in the six months to June after State raised borrowing from international institutions for budgetary support and aid in t... Read More


Savingsinterest rate falls to 5-year low

Nairobi, July 19 -- The rates offered to customers for savings in banks have dropped to a near five-year-low, indicating that cash-rich lenders are not under pressure to pick up money for onward lendi... Read More


Treasury exceeds July bond uptake target by Sh20bn

Nairobi, July 16 -- The Treasury took up an extra Sh19.9 billion above the target of Sh60 billion in the first bond sale of the new fiscal year, taking advantage of high investor appetite for the offe... Read More