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Bank of Kigali headquarters. Investors who borrowed money to buy Bank of Kigali shares during the initial public offer are now selling them off to repay their loans as they fear a rise in interest rates. This has left the shares trading below their price when the Bank went public. Photo/FILE

The Big Story

Bank of Kigali fails to impress as regional IPOs lose shine

Posted 5 days ago

The Bank’s share price has only reached a high of US cents 33 against the offer price of US cents 21...

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Business

Political insurance for PE funds

Posted 5 days ago

It will also offer cover against other unforeseen circumstances that may affect deals...

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Business

A shopper buys maize flour. Kenyan taxpayers face bleak times in the coming months as Treasury moves to tighten the noose on revenue collection and review tax exemptions. Photo/FILE

Kenya taxpayers brace for tough regime

Posted 5 days ago

Treasury proposes to have VAT raised to 16 pc thus pushing up the cost of electricity and industrial production...

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Business

EA firms defy global trends, make profits from local market

Posted 5 days ago

Some of the fastest growing consumer sectors are beverages, clothing, cars, IT services and products and financial services,...

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