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Kenya
Business: Commercial banks move to calm industry collapse rumours
In a statement under the auspices of the Kenya Bankers Association (KBA), the banks termed the reports untrue and sought to assure their clients and the public at large that the sector remains stable.
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Kenya
Business Beat: Kenya now at the mercy of EU on trade deal
Like the Victorian novelist Charles Dickens would have put it, for Tanzanians, the die on the EPA deal is cast, and now the tree must fall. They have made it clear, through their National Assembly, that they want nothing to do with the deal.
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Kenya
Business: OLX sets up farm input centres to ease stocks access
The first two centres have been rolled out in Nakuru and Nyandarua. Plans are underway to roll out more centres across other regions. Farmers who had a challenge accessing fertilisers can now use the platform to order farm inputs and have them collected at the Kilimo smart centres.
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Kenya
It’s our duty to acknowledge and honour the true heroes of Kenya
A country without heroes is bound to wither and die.
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Kenya
Funding crisis clouds Nairobi session of East African Parliament
A funding crisis that has crippled operations at the East African Community (EAC) is set to cloud debate at the Nairobi sittings of the trade bloc’s legislative arm beginning Tuesday.
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Nigeria
Don’t misappropriate $100m GPE fund , warns World Bank official
The Senior Education Specialist, World Bank, Dr Tunde Adekola, has warned against the misappropriation of the $100m Global Partnership for Education Fund. Adekola, who is also the Task Team Leader of the project, gave the warning at the GPE/ Nigeria Partnership in Education support mission and stakeholders workshop on Monday ...
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Ghana
One dies as Ghanaian woman sets Nigerian husband, in-law ablaze
A Nigerian man living in Ghana, Benjamin Oyem, has died from injuries sustained when his brother’s Ghanaian wife, Comfort Agboloshie, set the room they were sleeping in on fire. According to reports, 38-year-old Agboloshie on Thursday removed her three children, all females, aged four, seven and nine, from the room ...
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Nigeria
$1.6bn oil fraud: EFCC re-arraigns Diezani’s ally, Omokore, others
Ade Adesomoju, Abuja The Economic and Financial Crimes Commission on Monday re-arraigned an ally of a former Petroleum Minister, Diezani Alison-Madueke, Jide Omokore, and others on nine counts of criminal diversion of about $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the Federal Government. ...
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Nigeria
Investments in telecoms hit $68b
Everest Amaefule, Abuja Investment in the Nigerian telecommunications industry since the advent of Global System for Mobile Communication in 2001 has hit $68bn. Of this amount, $35bn came from Foreign Direct Investments. Former Secretary General of the International Telecommunications Union, Dr. Hamadoun Toure, disclosed this in a keynote address at ...
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Nigeria
We’ll reject punishment for dollar hoarders – Senate
Leke Baiyewu, Abuja The Senate has rejected the recommendation by the Nigerian Law Reform Commission on the review of the Nigerian Foreign Exchange Act, which will empower the Central Bank of Nigeria to jail people for up to two years or fine them for 20 per cent of the amount ...