Category: Sh2.6bn
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Hostels developer Acorn pays Sh2.6bn bond balance early
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Acorn Holdings, a student housing developer, on Friday announced that it will repay the remaining balance of its Sh5.7 billion corporate bond a month ahead of schedule. The five-year medium-term notes, issued in November 2019, were due to mature on November 8, 2024, but the remaining balance of Sh2.69 billion…
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Treasury on the spot over Sh2.6bn tax gift to e-bike firm
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Former Treasury Secretary Njuguna Ndung’u has been put in an awkward position over the allocation of more than Sh2.5 billion of public funds to pay taxes to a private electric vehicle company, sparking opposition from rival companies. The Treasury has offered to settle customs duties on 10,000 electric motorcycles and…