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Kenya
Senate backs controversial vote method
The Senate on Thursday night passed the contentious amendments to the Elections Act allowing manual voter verification in the August election.Jubilee senators outvoted their Cord counterparts 24 to 19 after heated debated that extended past 8pm to pass the amendments through the second reading.Senators retreated to their party cocoons as ...
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USA Kenya
Business: Shilling dips as CBK blames speculators
The shilling continued to cede ground against the US dollar as Central Bank of Kenya (CBK) blamed the volatility on 'speculators'.
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Kenya
Business: Egyptian firm confirms RVR exit plans
Qalaa Holdings, the biggest investor in Rift Valley Railways is looking for a buyer of its 100 per cent stake as it races to exit the troubled railway before the launch of Kenya's new railway line.
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Kenya
Business: How RVR bosses inflated tender prices to loot World Bank loan
The World Bank has released its final report revealing that more than Sh16.5 billion loaned to Rift Valley Railways by a consortium of international financiers was misappropriated.
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Kenya
Business: Tea prices take a hit even as dollar firms up against shilling
Tea prices at the Mombasa auction started 2017 on a slow note to register a sharp drop compared to prices at the last auction of 2016.
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Kenya
Christmas spending lifts Kenya’s December trade
Christmas spending lifted Kenya’s business sentiment in December with traders reporting they had received more orders amid rising demand, separate monthly surveys by two banks showed on Thursday.
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Cina
Several Foreign Cruise Ships Cancel Visits to Busan...May Hit Hard Local Retailers
Several foreign-registered cruise ships scheduled to make ports of call to Busan this year have cancelled their plans. Due to these cancellations, Busan's retailers are in panic over the prospect of a reduced number of tourists. The Busan Port Authority said on January 5 that a total of 31 cruise ...
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Giappone Corea del Sud
Seoul regrets Tokyo’s suspension of talks on currency swap deal
South Korea’s Finance Ministry said Friday it regrets Japan’s decision to suspend bilateral talks on a currency swap dea
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Cina
Korea working on dealing with China's trade retaliation
The South Korean government is working on plans to deal with China's recent hostile actions against the Korean Wave and
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Nigeria
Ganduje signs 2017 budget of N217.9bn into law
Ted Odogwu, Kano Governor Abdullahi Ganduje of Kano State on Thursday assented to the 2017 budget of N217.9bn. Speaking after signing the budget, Ganduje said it was increased by the state’s House of Assembly by N8bn. He, however, said the Assembly followed due process before taking the action by consulting ...