Business
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Tea Auction Records a Stagnation in Prices
The weekly Mombasa Tea Auction held on 9th, 10th, and 11th August 2021 had 11 million kilograms of tea offered for sale.…
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MTN Group Posts $5.55 Billion Service Revenue in H1 2021
MTN Group has posted a $5.55 billion service revenue in H1 2021, representing a 2.1% growth, attributed to the strong…
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Uncap Fintech Launches Funding for Early-Stage Founders
Uncap, a fintech that uses a digital solution to make funding accessible to every good entrepreneur across Sub-Saharan Africa has…
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Kenya Shilling Weakens further Against US$
The Kenya Shilling was exchanging at a Mean Rate of 109.1971 when the forex markets opened for trading today, with…
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IFC, Moove, Partner to Ease Movement in Nigeria’s Largest City – Lagos
Nigeria’s largest city, Lagos, is widely known for its heavy traffic. Moove, an African fintech company that provides vehicle financing…
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CMA Warns Investors Against Investing in Fxbitinvest
The Capital Markets Authority (CMA) on Thursday cautioned investors against investing with Fxbitinvest, an online bitcoin trading company. According to…
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BAT Kenya Eyes New Export Markets
British American Tobacco (BAT) Kenya is eying new export markets, seeking to compensate for a dip in Kenyan sales. The…
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CBK Accepts KSh 7 Billion at Auction, a 29.3% Undersubscription
The Central Bank of Kenya (CBK) received bids worth KSh 7.035 Billion at the Weekly Treasury Bills Auction this Thursday,…
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US Markets; Dow, S&P at record highs amid Strong Earnings Season
The US stock market continued to rise on Thursday’s trading session with Dow Jones and S&P 500 hitting new all-time-high…
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I&M Bank Receives $50 Million IFC Loan to Support SMEs in Kenya
The International Finance Corporation (IFC) has partnered with FMO, a Dutch development bank, to assist small businesses in Kenya by…
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