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Central Bank MPC meets today to decide on the interest rates that commercial banks will charge for the next two months…
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Private sector borrowing has slowed down to its lowest point in more than a decade as banks become reluctant to lend under the law regulating interest rates. This has prompted treasury to cut next years growth forecasts…
3.Kenya Power will from next July introduce a surcharge on bills settled at its offices in an effort to decongest the banking halls further in a plan that will also see the listed firm recruit more agents…
4.Low-cost carrier Fastjet could cut its East African flights further beginning next month. The budget carrier, which also operates in Tanzania and Uganda, has faced a hard time on its Kenya routes and was soon after launch forced to end it Kilimanjaro flights and reduce the Dar ones to twice a week…
5.President Uhuru Kenyatta will officially reopen Pan Paper Mills in Webuye, Bungoma County, on December 15, following last week’s visit to the plant.The plant was acquired by Tarlochan Limited , a subsidiary of the Rai Group of Companies, for Sh900 million.
6.The European Union (EU) and Denmark have poured cold water on the push by some donor countries to cease advancing aid to Kenya…
7.Tea prices at the Mombasa auction recorded an impressive performance last week to close at an 11-month high after a losing streak in the preceding sales. A kilogramme of tea on average sold at Sh263 compared with the previous sale where it attracted Sh250.
Regional:
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Kigali seems to have an over supply of commercial, retail and office space with developers now fearing possible losses and difficulties in loan repayment similar to what has happened to medium-sized hotel owners.
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Inflation rate in South Sudan reached 850% in the month of October.
Good day.