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The firm has opened several branches over the past year, boosted by Ksh6 billion raised from the sale of 30% stake to a group of investors including PE firm Amethis and the International Finance Corporation (IFC).
In one of the biggest changes proposed in the bill, meant to curb the high interest rates offered by the apps - CBK will be required to determine minimum liquidity and capital adequacy requirements for digital credit providers, similar to regulations for operating a bank.
"At EABL, we celebrate diversity and strive to create an inclusive culture that enables every individual in the organisation to contribute and grow in an environment where everyone is valued for who they uniquely are. I’m proud that my promotion epitomises this culture,” she stated.
The move will force Kenyans to dig deeper into their pockets for cooking gas, at a time when many are already feeling the pain of high fuel prices, cost of living and the economic shocks of the Covid-19 pandemic - including wage cuts, job losses and business closures.
He further sustained his push for the government to stimulate the market and raise up to Ksh792 billion by reducing its stakes in various listed firms and selling part of its stake in various parastatals via the listing route - a move that would also reduce reliance on external debt.
“For example at Safaricom, we are 35 percent shareholders. Given the strategic and security reasons around Safaricom, we don’t want to get diluted by being a minority,” Stanley Kamau, Head of Public Investments at the National Treasury told the told the Finance and Planning committee of the National Assembly.
The case opposing the tax was filed by officials of the Isinya Bar Owners Association and the Kenya Association of Manufacturers (KAM) who echoed sentiments of many business owners insisting the tax will hurt their businesses.
Clubs could be kicked out of European competitions including the Champions League and Europa League, as well as their domestic leagues. In addition, players in the league could be banned from representing their countries in international competition.
Sources indicate that Matambo is likely headed to NTV, which is eyeing top talent to boost ratings. Other KTN anchors said to be in talks with Nation Media Group (NMG) include Ben Kitili and Linda Oguttu.
Increased demand for trucks, however, drove up total industry sales 6.26 per cent to 2,867 units during the same period. Land Rover unit sales by Inchcape Kenya registered the biggest decline for the high-end car segment, falling to 2 in the review period from nine the previous year.