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Nigeria
NDIC, Rumours And Integrity
LEADERSHIP EDITORS The Nigeria Deposit Insurance Corporation’s (NDIC’s) call on members of the public to ignore rumours of financial distress in some banks, based on past experience, should give depositors real cold comfort. It claims that those rumours, already in the social media, were deliberate acts of mischief intended to ...
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Cina
Youth-targeted rental apartments on the rise
China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers.
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Kenya
Business: BBC puts $10m in studios to employ 200 staff
The British Broadcasting Corporation (BBC) is investing nearly $10m in modern multimedia production studios in Kenya, which will help create 250 new jobs, a senior editor has told President Uhuru Kenyatta.
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Kenya
Kenya: CS Wakhungu issues warning to corrupt forest officers
Speaking during a pass out parade for 83 foresters and 60 band members at the Kenya Forest Service College in Londiani, Kericho County, Prof Wakhungu said the ministry does not condone corruption and officers found culpable will be dealt with in accordance with the law.
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Kenya
Kenya: No brokers will be allowed near Kirinyaga law courts
Practising advocates in Kirinyaga County will now be required to deposit copies of their certified certificates at the area High Court to curb impostors.
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Kenya
Business: Why the current food prices crisis is man made
The last time food prices spiked this dramatically in Kenya was nearly six years ago, in 2011. Drought, high global food and fuel prices, and a weakening shilling were blamed. This time round, only one factor is at play yet prices continue to rise.
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Kenya
Business: CA revokes licences of 17 courier firms
The Communications Authority of Kenya has revoked the licences of 17 courier firms for their failure to adhere to laid down conditions.
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Kenya
Business: Kenya gets $1b syndicated loan from banks
Kenya borrowed $1 billion via a syndicated loan from commercial banks, $200 million more than anticipated.
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Kenya
Business: Kenya's KCB shuts branches as hyperinflation bites
South Sudan's largest bank is shutting more branches as hyperinflation and a shortage of dollars eat into the group's profits, the managing director said, underscoring country's worsening financial woes amid a civil war.
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Giappone
Nomura in talks with Japan Post over real estate unit sale, sources say
Nomura Holdings is in discussions to sell its stake of about one-third in the brokerage’s real estate unit to Japan Post Holdings, according to people familiar with the talks. Japan Post, which holds many real-estate assets across the country, including some 24,000 post offices, aims to develop real-estate operations into ...