East Africa
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Why you should not bank on pension for good life in old age
Kenya: Kenyans are saving much less with pension schemes than experts recommend as daily basic needs and other saving and investment opportunities take priority, reveals a NationNewsplex review of pension data. Consequently, pensioners…
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Five top saccos boast Ksh149bn savings, assets
Nairobi, Kenya: Five savings and credit co-operative societies (saccos) are now among the country’s top lenders after accumulating savings and assets worth KES 149.9 billion as at the end of the last…
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Uganda and Kenyan authorities to cooperate in new defense, trade agreement
Ugandan and Kenyan traders will be the biggest beneficiaries after their two countries yesterday signed a raft of agreements meant to ease trade, cement political ties and improve their social/cultural connections. The…
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Safaricom to launch M-Pesa in Ethiopia in September
Nairobi, Kenya: Growing a business might be about focusing on one thing, but also taking things to the next level. Safaricom PLC, the largest telecommunications provider in Kenya, and one of the most…
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Over 500,000 Kenyan Tea farmer to get smart cards for easy cash transactions
Nairobi, Kenya: The most disgruntled Kenyan today must be the farmer who chose to stick with coffee, tea or sugarcane — never mind that coffee, tea and sugar still take their pride…
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Bishop who embezzled USD9m belonging to Kenyan SACCO to Lose Property
NAIROBI, Kenya: Authorities on Thursday ordered Kiambu politician and county official David Kariuki Ngare’s assets seized to recover Sh1 billion he allegedly illegally withdrew from Ekeza Sacco to fund his lifestyle. An…
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Kenyan SACCO protest Increased Tax on Member Dividends
Embu, Kenya: Members of the cooperative movement in Embu County, in Kenya, have raised concern that increasing tax on member dividends could hurt Saccos and the saving culture in the country. The…
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Annual Africa Shared Value Summit to be held in Nairobi
NAIROBI, Kenya, This year’s Africa Shared Value Summit will be held in Nairobi, Kenya on the 23rd and 24th of May 2019 at the Radisson Blu Hotel Among the keynote speakers, this…
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Busia And Ugandan Traders In Row Over Customers
A row over customers is shimmering at the border in Busia between Ugandan traders, along the custom road and the Kenyan women brokers. Traders accuse Kenyan women brokers of sabotaging their businesses…
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UGX 3 Billion fish plant rotting in Majanji
Members of the fishers’ cooperatives in Busia and the neighboring district have asked the government to lift the ban on fishing and allow them to start working. They said, the continued ban…
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