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Acorn unveils scheme to fund student rents and businesses

Nairobi, June 17 -- Hostels developer, Acorn Holdings Limited has launched a scheme to fund students' rent payments and start-up capital for businesses. The scheme, known as Zinduka Graduate Enterpri... Read More


The club owner betting against city nightlife

Nairobi, June 17 -- For most entrepreneurs, the decision to close a business comes after losses begin piling up. Two weeks ago, Alex Ndung'u chose to exit while his venture was still raking in profits... Read More


Zakhem seeks Sh10.9bn from KPC on pipeline project delays

Nairobi, June 17 -- Lebanese contractor Zakhem International Construction Limited has moved to court seeking more than Sh10.9 billion from Kenya Pipeline Company (KPC), citing delays in the constructi... Read More


Investors eye Sh2bn gain on Family Bank listing

Nairobi, June 17 -- Existing and new investors who participated in Family Bank's private placement last year are set for capital gains of 24.1 percent or Sh1.93 billion when the lender lists on the Na... Read More


Old Mutual fraud losses now hit Sh106.4m

Nairobi, June 17 -- Old Mutual Holdings lost Sh106.4 million due to fraud last year, revealing the pain cons are causing insurance companies. Fraud perpetrated by staff of the Nairobi-based insurer c... Read More


MPs block fresh attempts to increase KRA's powers

Nairobi, June 17 -- Members of Parliament have foiled fresh attempts to increase the powers of the Kenya Revenue Authority (KRA) Commissioner General, including granting the taxman sweeping powers on ... Read More


Building wealth: Why diversification could be your financial lifesaver

Nairobi, June 16 -- For many professionals in Kenya, wealth building is anchored on a salary. However, the same salary pays bills, supports family needs, services loans, and if one is disciplined, lea... Read More


How an 'inconclusive' deal left Telkom Kenya in the throes

Nairobi, June 16 -- Nearly four years after Kenya bought out private equity investor Helios from Telkom Kenya, the transaction continues to generate legal fallout, with businessman John Ngumi seeking ... Read More


Singapore dream: The middle class must trade cynicism for civic action

Nairobi, June 16 -- The Kenyan middle class is trapped in a paradox of privilege. We are highly educated, globally connected, and financially secure enough to afford private solutions to public failur... Read More


Sh280bn hidden diaspora remittances now revealed

Nairobi, June 16 -- Kenyans living abroad are sending home about Sh280 billion annually in unrecorded remittances through informal channels and non-monetary items, indicating that they are playing a b... Read More