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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 ...
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Turchia Nigeria
Onazi, Omeruo Eagles places threatened
Festus Abu Trabzonspor holding midfielder Ogenyi Onazi and on-loan Alanyaspor defender Kenneth Omeruo are in danger of losing their Super Eagles’ places as Nigeria coach Gernot Rohr is allegedly set to slam the door on players plying their trade in the Turkish Super League. Already, Rohr is working behind the ...
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Nigeria
Why police raided Patience Jonathan’s Abuja house
Chukwudi Akasike and Adelani Adepegba Abuja Operatives of the Nigeria Police Force were said to have raided the house of Dame Patience Jonathan, the wife of former President Goodluck Jonathan, in Abuja on Wednesday, with the aim of uncovering huge foreign currencies allegedly kept in the building, The PUNCH learnt ...
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Nigeria
Lagos Assembly okays death for kidnappers
Sesan Olufowobi The Lagos State House of Assembly has passed the bill seeking to check kidnapping in the state with stiff penalties, including death sentence for convicts. The Assembly on Thursday passed the bill – Bill for a Law to Provide for the Prohibition of the Act of Kidnapping and ...