Data center FDI flows to East Africa fall due to Covid issues and political bottlenecks Thursday, July 22, 2021 FDI inflows to Kenya, Tanzania, Uganda, Ethiopia, Rwanda and Burundi increased from $ 6.25 billion (677 billion shillings) in 2019 to $ 5.09 billion (551 billion shillings) in 2019. shillings) last year, according to data from…

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Economy Wealthy Kenyans transfer 34 billion shillings in term deposits over two months Thursday, July 22, 2021 The Central Bank of Kenya, Nairobi. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author summary Data from the Central Bank of Kenya (CBK) shows that Kenyan-held bank term deposits reached an all-time high of 1.5 trillion…

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Technology Microsoft solution to help boost small business operations Thursday, July 22, 2021 Microsoft has unveiled a cloud-based solution to help small and medium-sized businesses integrate their finances, sales, services and operations. PHOTO | SHUTTER STOCK By LYNET IGADWAHMore from this author summary Dynamics 365 Business Central is expected to help businesses in Africa and…

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Economy Businesses Have More Time to Install KRA Sales Monitoring Gadgets Thursday, July 22, 2021 By BRIAN AMBANIMore from this author summary The Kenya Revenue Authority (KRA) has given businesses more time to comply with regulations that require the tax authorities to receive real-time data on daily sales from traders through electronic tax registers connected…

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Merchandise Bakers cut bread prices in the face of competition from supermarkets Thursday, July 22, 2021 A supermarket worker arranging loaves of bread on a shelf in October 2020. PHOTO | EVANS ENABLED | NMG By GERALD ANDAEMore from this author summary Bakers cut bread prices by Sh 5 due to stiff competition from in-store…

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Economy Kenya to finalize pay review pacts with three Middle Eastern states Thursday, July 22, 2021 Members of Parliament during a session in the Houses of Parliament. PHOTO | DEPOSIT By LYNET IGADWAHMore from this author summary Kenya will conclude a review of bilateral labor agreements (BLA) with three Middle Eastern countries by December to…

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Economy Territory wars as city matatus launches new routes to satellite towns Wednesday, July 21, 2021 Matatus along Accra Road, Nairobi. PHOTO FILE | NMG By ELIZABETH KIVUVAMore from this author summary The owners of Nairobi and Kiambu matatu have introduced new roads beyond the traditional areas to increase their income amid an oversupply of…

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Economy Business owners in Waititu bribery lawsuit lose petition Wednesday, July 21, 2021 Ferdinand Waititu, former governor of Kiambu. By SAM KIPLAGATMore from this author summary The High Court dismissed a petition from directors of a company accused of irregular tendering of 588 million shillings and paying bribes to former Kiambu governor Ferdinand Waititu and…

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Economy Mystery of who owns the KICC lands Wednesday, July 21, 2021 The iconic Kenyatta International Convention Center (KICC) in Nairobi. PHOTO FILE | NMG By EDWIN MUTAIMore from this author summary Auditor General Nancy Gathungu said title to the 28-story building was not registered in the name of KICC, which is a crown corporation…

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Shipping & Logistics Regional ports give Kenya a hard time Wednesday, July 21, 2021 Container terminal and cityscape in Dar es Salaam port on February 21, 2018 in Dar es Salaam, Tanzania. PHOTO | SHUTTER STOCK By GERALD ANDAEMore from this author summary The viability of the recently upgraded Kisumu facility is questioned after Uganda-Kenya’s…

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