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Philip Ndegwa firms take 23.8pc stake in delisted Fahari property fund

Nairobi, April 16 -- Companies owned by the Philip Ndegwa family have taken a combined 23.87 percent stake in property fund ILAM Fahari I-Reit after buying units (shares) in the open market and throug... Read More


How rogue officer used car in police custody to obtain a bank loan

Nairobi, April 16 -- Detectives are probing an incident in Mombasa where a police officer allegedly used the logbook of a vehicle under his custody to acquire a bank loan without the owner's knowledge... Read More


Big firms buying Kenya's carbon credits revealed

Nairobi, April 16 -- Giant US companies top the list of global players snapping up deals in Kenya's nascent voluntary carbon market (VCM), a new report by the World Bank shows. These deals have resul... Read More


Poultry farmers protest US push to open Kenyan market

Nairobi, April 16 -- Poultry producers have protested an alleged push by the US to have Kenya open up its market to finished agricultural products in the ongoing negotiations for new trade and investm... Read More


CBK's new rules in bid to stamp out greenwashing

Nairobi, April 16 -- The Central Bank of Kenya (CBK) has published draft rules to guide banks in classifying whether particular economic activities are environmentally sustainable or 'green', joining ... Read More


Tea farmers face decline in earnings as sales, prices fall

Nairobi, April 16 -- Tea farmers are facing a decline in earnings this year as prices of the beverage tumble at the weekly Mombasa auction, worsened by the growing volume of the produce rejected on qu... Read More


Retail investors overtake insurers, parastatals in bond holdings

Nairobi, April 16 -- Retail investors hold a larger share of government debt than insurance firms and parastatals combined, cementing their status as the fastest-growing class of domestic lenders to t... Read More


Seven Seas spared Sh610m tax in out-of-court KRA deal

Nairobi, April 16 -- Seven Seas Technologies will pay a lower Sh289.84 million in taxes instead of the Sh900.4 million claimed by the Kenya Revenue Authority (KRA) after the two parties reached an out... Read More


Milk intake by processors up 28pc on increased production

Nairobi, April 16 -- The quantity of milk purchased by processors from farmers went up by 27.7 percent in the first quarter of the year as dairy production significantly increased due to sufficient ra... Read More


KPA plans tariff cuts for Lamu port

Nairobi, April 16 -- The Kenya Ports Authority (KPA) plans to review tariffs for Lamu port next month as it eyes to woo regional governments to the new facility, targeting bigger cargo. The new rates... Read More