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Del Monte Kenya Approved to Acquire Full 100% Stake in Mananasi Fibre
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CAK has approved Del Monte Kenya’s acquisition of 100% of Mananasi Fibre Limited, citing no threat to market competition Mananasi Fibre specialises in converting pineapple waste into textile-grade fibre, compost, and biochar, and will now be fully controlled by Del Monte CAK’s analysis found that the merger will not alter market structures or lead…
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Morocco rises to 8th in EU textile market as exports to Spain and Germany surge
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Morocco has bolstered its standing in the European textiles and apparel market, ranking as the eighth largest supplier to the EU based on increased exports to major markets, as indicated by recent statistics provided by the Moroccan Association of Textile and Clothing Industries (AMITH). By the close of February 2025, European Union imports of…
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Infobip and MoneyGram Haas F1 Team Partner Up to Revolutionize F1 Fan Experiences
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PRNewswire Kuala Lumpur [Malaysia], May 6: The global cloud communication platform Infobip has entered into a multi-year agreement with MoneyGram Haas F1 Team, helping the Team to create deeper connections with fans worldwide. Infobip’s technology will power a new era of digital engagement, delivering real-time, personalized experiences that bring fans closer to the action.…
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National Australia Bank’s credit losses to remain low
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Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance. National Australia Bank ’s (NAB) credit losses are anticipated to remain low over the next two years, close to pre-pandemic levels, according to S&P Global Ratings. The Melbourne-headquartered bank reported a 1% increase in cash…
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MSIG, Bank of China, and China Pacific Seal Bancassurance Deal in Thailand
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It seeks to capitalize on the $5.2 billion in fresh investment from China set for Thailand in 2024. The Mitsui Sumitomo Insurance Thailand Branch (MSITB) MSIG Insurance (MSI Thailand), (BOC Thailand), and CPIC have entered into a memorandum of understanding to form a strategic alliance. bancassurance partnership in Thailand. This pact is designed to…
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Singapore’s CBD Grade A Office Rents Climb for Fourth Consecutive Quarter in Q1 – International Edition
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Rents increased by 0.4% QoQ. Data compiled by Savills Research showed that the vacancy rate of CBD Grade A offices in all micro-markets recorded declines in vacancy rates, except for City Hall and Orchard Road. Tanjong Pagar saw the largest contraction in the first quarter, falling to 9.7% in Q1/2025 from 10.3% in Q4/2024.…
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Kenyans Respond as Warren Buffett Pledges KSh 3.8B for 2025-2026 Budget
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Kenya’s National Treasury noted that the funds from the Susan Thompson Buffett Foundation would be allocated to the State Department of Medical Services The nation’s healthcare sector encounters fiscal difficulties following US President Donald Trump’s freeze on assistance as part of a new foreign policy initiative. Geopolitical economist Aly-Khan Satchu suggested that the organization…
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“Should I take a loan to buy a car?” Kenyan personal finance expert advises
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A man from Kenya who makes 50,000 KSh each month is seeking guidance on whether he should consider taking out a loan to purchase a vehicle. A 28-year-old man based in Nairobi mentioned feeling pressured to meet the expectations of his new girlfriend, who desires some form of sophistication. The personal finance expert Eric…
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Finance Bill 2025: John Mbadi Sets the Record Straight on Zero-Rated Goods Tax Changes
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The Finance Bill of 2025 suggests modifications to taxation categories and policies aimed at generating additional revenue for the financial period spanning 2025-2026. The bill suggested amendments to the Value Added Tax (VAT) Act with the aim of shifting certain products from being zero-rated to becoming exempt from taxation. The Treasury Cabinet Secretary (CS),…
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Taiwan currency’s surge a ‘warning shot’ for Asia’s de-dollarisation: analysts
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The recent rise in the value of the New Taiwan Dollar, coupled with the strengthening of other Asian currencies, indicates a growing trend. regional de-dollarisation As investors reassess their positions in the U.S. dollar due to Washington’s “highly exploitative” stance toward other nations, analysts commented. Countries such as Taiwan, which traditionally face significant risks…