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Kenya
Business: Housing and insurance sector in Kenya to reap from interest cap
Potential home owners could be the biggest beneficiaries of the interest capping law, as bank customers prepare to cash in on cheap loans.
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Kenya
Business: KQ in talks with four investors on stake sale
Kenya Airways is talking to about three or four' foreign institutional investors and airlines about buying a stake to raise cash for the loss-making carrier, its chief executive has said.
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USA
Donald trumped in TV debate
Former US Foreign Secretary Hillary Clinton was easily the winner.
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Regno Unito
Britain effectively deports 2 N. Korean insurance firm officials
Britain has effectively deported two London-based officials of North Korea's state insurance firm by refusing to renew t
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Nigeria
National assets sales: Senate seeks caution
Govt: no decison yet The Senate yesterday urged caution in the planned sale of national assets to shore up foreign reserves to bail the country out of recession. The lawmakers accepted the recommendation of a six-man ad-hoc committee set up by the Senate last week to harmonise contributions of senators ...
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Nigeria
To sell or not to sell?
Last week, Africa’s top business mogul, Aliko Dangote, along with Emir of Kano and former Governor of Nigeria’s Central Bank, Malam Mohammed Sanusi II, stirred the hornet’s nest when they proposed that the government should sell off some of its assets to plug the huge gap in its revenue stream ...
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Nigeria
‘We’ll use current crisis to unlock economy’s potential’
Ifeanyi Onuba, Abuja The Federal Government on Tuesday said it would use the current economic crisis to unlock the potential of key sectors of the economy. The Minister of Budget and National Planning, Senator Udo Udoma, stated this at the 57th conference of the Nigerian Economic Society held in Abuja. ...
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Nigeria
NNPC to pay for JV cash call arrears through royalties
Everest Amaefule, Abuja The Nigerian National Petroleum Corporation says it has started working out modalities that will enable it to exit Joint Venture cash call arrears by ensuring that outstanding and future payments are liquated from oil and gas royalties and taxes under a first line charge model. The Group ...
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Nigeria
Committee recommends merger of Customs, FIRS
Ifeanyi Onuba, Abuja The National Tax Policy Review Committee that was constituted by the Federal Government last month has recommended the merger of the Federal Inland Revenue Service and the Nigeria Customs Service. The committee, headed by Prof. Abiola Sanni, was set up on August 10 by the Minister of ...
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Nigeria
Lagos lauds PATHS2 on maternal, child health
The Lagos Commissioner for Health, Dr. Jide Idris, has commended Partnership for Transforming Health Systems Phase 11 (PATHS2) team, for their support and partnership with Lagos Ministry of Health in implementing programs of Maternal and Newborn Health in the state. Dr. Idris, who spoke during The Lagos PATHS2 End of ...