Daily Archives: June 17, 2013

Global shares rally as Fed meeting nears

Equities gain, dollar near lows against major currencies.

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Does SMS remain secure for internet banking?

Mobile operators comment on authentication methods.

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Shareholders approve Independent News sale

INM shares rise to five-month high.

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Gold slips as focus turns to US stimulus outlook

India gold volumes drop, China still strong.

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Free trade between SA and Nigeria, boost their economies

There must be a strong spirit of win-win – Nigeria consultancy.

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Hout Bay businessman to pay SA R295m in restitution

Order issued by US court – report.

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Deacons posts losses on expansion, Tanzania restructuring costs

Clothing and consumer goods retailer Deacons has posted a Ksh33.27 million ($386,813) loss after tax for the period ended December last year on account of one off costs associated with new retail stores in Rwanda and Kenya

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Kenya’s economic growth prospects hang on exports, says World Bank

Kenya’s success in becoming a middle-income country hangs on the nation’s ability to grow its exports and decrease poverty, the World Bank economists said Monday.

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Government says it will not bail out NCPB in Sh550m row

The government on Monday insisted it will not pay a court award to a supplier which has seen the National Cereals and Produce Board (NCPB) bank accounts frozen.

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Fifteen lawyers elevated to Senior Counsel position

High ranking government officials and former chairmen of the Law Society of Kenya are among 15 lawyers promoted to the rank of Senior Counsel.

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Kimemia asks PSs to leave office by Wednesday

All permanent secretaries (PSs) have been asked to vacate their offices Wednesday, the same day the vetting of principal secretaries who will replace them is scheduled to begin.

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There are more opportunities in budget than doom

Joseph’s interpretation of Pharaoh’s dream in the Bible to mean seven fat years followed by seven lean years is an everlasting economic truth

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Poor nations lose Sh94bn daily to tax cheats, says Oxfam

Developing nations lose Sh93.5 billion per day in illicit financial flows that end up in tax havens around the world, international aid agency Oxfam says

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Audit queries loopholes in KCC portfolio

Property worth nearly Sh4 billion belonging to New Kenya Co-operative Creameries ( New KCC) cannot be accounted for, the Auditor-General has revealed.

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