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Goodyear to pay Sh1 billion for bribery

Goodyear to pay Sh1 billion for bribery in Kenya and Angola

Top public officials at the roads and defence ministries, several parastatals and the military were among those who pocketed millions of shillings in bribes to award tenders to an American tyre company that has now been fined Sh1.5 billion in the US.

KenGen rides on new plants to record Sh4.9

KenGen rides on new plants to record Sh4.9bn profit

New power plants saw Kenya Electricity Generating Company (KenGen) profit after tax for the half-year period to December 2014 rise to Sh4.9 billion.

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EAC summit wants ban on used cars, clothes

East African heads of State have proposed a ban on the importation of second hand-clothes and reduction of used vehicles.

Business registration to go digital

Business Registrations and Licensing Agency (BRELA) will soon start offering most of its services online, as part of the agency's modernisation programme.

How Sh21bn plan will save lives

Last week's announcement that the government is equipping county hospitals could mean the difference between life and death for 44-year-old Rose Chiedo, a cancer patient.

M-Pesa lead in money transfer- say report

Safaricom's money transfer service, M-Pesa, has a clear market leadership and is poised to be the primary non-voice revenue driver for the telco, a new research shows.

Lack of records limiting SMEs credit access

Accessing credit by small and medium enterprises (SMEs) in Uganda is still difficult as interest rates hover above the 20 per cent mark.

Siemens to slash 7,400 jobs

German engineering giant Siemens is planning to cut around 7,400 jobs perhaps 3,300 in Germany as part of on-going mass restructuring plan, Bloomberg reported Thursday.

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Ugandan Government wins Heritage Oil case

Uganda Revenue Authority (URA) will not have to reimburse about Ushs 1.1 trillion to Heritage Oil after United Nations Commission on International Trade Law (UNCITRAL) ruled in its favour in a London court on Tuesday.

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