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The independent

End of the road for Corolla?

By Independent Team and Agencies No way. Toyota recall unlikely to stop growth of the 19bn Euro empire Toyota, the world’s largest automaker, has recalled more than 8 million vehicles around the world for problems with accelerators. Episodes of unintended acceleration in Toyota vehicles have been linked to up to …

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Oil pipeline project cost hits Shs 600bn

By Independent Team Kenya mulls pulling out The Kenya government is weighing the fate of its plan, jointly with Uganda, to extend the oil pipeline from Eldoret to Kampala. It cites the escalating cost and the uncertainty around the project since Uganda discovered oil and started plans for an inland …

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Zoellick on his Africa tour

By Patrick Kagenda The World Bank president Robert B. Zoellick just ended an African tour that took him to Sierra Leone, Cote d’Ivoire, and Ethiopia.He told the African Union meeting in Addis Ababa that an estimated 64 million people worldwide will fall into extreme poverty because of the global financial …

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Tanzania to free capital movement

By Independent Team & Agencies Tanzania is set to remove restrictions on movement of capital across its national borders this month. The move will allow Tanzanian to invest in stock markets in the East African region for the first time. ‘This bears the potential of dramatically increasing demand in the …

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