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Rebel TMC MPs join Tripura-based outfit

India, June 15 -- A major group of rebel Lok Sabha MPs from the Trinamool Congress (TMC), claiming support from about 19 to 22 of the party's 28 MPs, have merged with the little-known Nationalist Citi... Read More


Abhishek moves to block rebel TMC MPs

India, June 15 -- Ahead of a planned meeting between rebel MPs and Lok Sabha Speaker Om Birla, Trinamool Congress parliamentary leader Abhishek Banerjee wrote to the Speaker, requesting that no recogn... Read More


KCB fires 60 staff in war on insider fraud

Nairobi, June 15 -- KCB Group fired 60 employees last year as it stepped up its war on fraud, with the staff linked to schemes targeting the lender and its customers. The lender had parted ways with ... Read More


Family Bank set to list on NSE at Sh30bn valuation

Nairobi, June 15 -- Family Bank Limited is set to list at a valuation of Sh29.9 billion or Sh18 per share, making it the eleventh largest bank by market capitalisation on the Nairobi bourse. Disclosu... Read More


Kenya plans wider ban on shisha imports, sales and advertising

Nairobi, June 15 -- The Ministry of Health has proposed new shisha control rules that would extend regulation from consumption to the entire supply chain, signalling Kenya's toughest anti-waterpipe to... Read More


State revenue deposits cross Sh3trn on tax boost

Nairobi, June 15 -- Receipts into the Consolidated Fund, which is the central repository for all government revenues, grew by 16.72 percent to cross the Sh3 trillion-mark in the first nine months of t... Read More


Questions mount as Treasury mute on corporate tax, VAT cuts pledge

Nairobi, June 15 -- The National Treasury has remained silent on earlier promised tax reforms aimed at improving equity and predictability, including cuts to value-added tax (VAT) and corporation tax.... Read More


World Bank snubs Kenya emergency loan request

Nairobi, June 15 -- Kenya will miss out on emergency financing from the World Bank sought to cushion the economy from the fallout of the Middle East conflict, with the lender instead set to consider N... Read More


Young Kenyans shun land, buy apartments

Nairobi, June 15 -- An increasing number of young Kenyan professionals are choosing to invest in apartments rather than land. The reason? Unlike land, which may remain as dead capital for years, apart... Read More


Unlocking capital for Kenyan farmers

Nairobi, June 15 -- Somewhere in Meru County, a smallholder farmer named Murimi is making a calculation he knows all too well. The long rains are here. His soil is prepped and ready. Yet, the certifie... Read More