SGR cargo falls on fewer ships in the port of Mombasa

SGR freight train drives along the track of the Port Reitz Beach management unit, Mombasa, 14 January 2018. [Gideon Maundu, Standard] The cargo throughput of the Kenya Railways Corporation (KRC) declined in the second quarter of this year due to lower numbers of ships in the port of Mombasa. A …

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Apps help Kenyan farmers in difficult times

Africa’s digital farm services are growing nearly 45 percent a year, with farmers using apps to provide advice, buy goods, and take out loans By Wesley Langat / Thomson Reuters Foundation, KOIYET, Kenya Wilson Lang’at has made a steady profit on his farm in Koiyet Village over the past year …

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We are ready to turn the wheels

Dr. Vivian Whatley shoots at target after viewing the Kirigiti shooting range. [The Standard] The 15th edition of the IDPA African Championships will take place in Kenya from September 2nd to 5th, 2021. The Chairman of the National Gun Owners Association of Kenya (NGAO-K), Martin Chengo, said he was confident …

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Waterfront Park finally open to traders

Mvita MP Abdulswamad Nassir speaks to small traders in Mama Ngina Waterfront Park in Mombasa. The government has partially opened the park to traders. [Robert Menza, Standard] Over 1,000 small traders received a reprieve after the state partially reopened Mombasa’s Sh450 million Mama Ngina Waterfront yesterday. Tourism Chief Secretary Safina …

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GDC is aiming for further geothermal drilling activities with new financing

GDC’s Kifaru II rig on site near Paka, Baringo-Silali geothermal project, Kenya (source: GDC) GDC continues geothermal drilling and efforts to establish local industrial parks in Baringo-Silali, Kenya. Kenya’s Geothermal Development Company (GDC) is stepping up geothermal exploration work after the Geothermal Risk Mitigation Facility for East Africa received a …

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Kenya: Investigation into the deportation of Turkish nationals

(Nairobi) – Kenyan authorities should investigate the alleged abduction and eventual deportation of Selahaddin Gülen to Turkey, despite a Kenyan court order prohibiting his deportation, Human Rights Watch said today. The deportation of Gülen, a Turkish citizen and registered asylum seeker in Kenya who is also permanently in the USA, …

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Kenya Food Security Outlook Update, June 2021 to January 2022 – Kenya

Below-average prices for basic food mitigate the falling availability of household food Key messages The cumulative below-average short rains from March to May in eastern and northern Kenya led to below-average crop production and the associated income from odd agricultural work. In the pasture areas, the below-average rejuvenation of the …

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how African countries approach the challenge

The COVID-19 pandemic has suffocated many sectors of the global economy. But it appears to have boosted the scammers’ business. Experts note that some scammers have taken advantage of the new opportunities presented by the pandemic economy and appear to be getting more sophisticated in their methods. At the same …

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Raila introduces ODM in new 2022 strategy

Orange Democratic Movement (ODM) party leader Raila Odinga instructed his party on Wednesday June 30th to implement a new popularization strategy as it prepares for the 2022 general election, which will be held next August. In a statement by party general secretary Edwin Sifuna, the ODM announced that it would …

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EABL adapts to the marketplace affected by Covid

East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any company that relies on open points of sale to sell goods, Covid-19 was a particular challenge. When Kenya responded to the pandemic by shutting down hospitality businesses and …

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New report warns of job time bomb

Emmanuel Akenya, a Kenyan youth who works at China Road and Bridges, is tightening the railings that will form the Wangige underpass pillars in the Kiambu district. [Denish Ochieng, Standard] About 10 million people will be employed in Kenya over the next ten years. This will be a major challenge …

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San Diego Community News Group Community

The County of San Diego Health and Welfare Agency is searching for anyone who may have come into contact with a live bat that tested positive for rabies and was found June 25 at the San Diego Zoo Safari Park. The bat was born on Friday in Mombasa Island Pavilion …

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EALA lawmakers issue ultimatum on EAC visa fees

Over 59 million Kenyans are eagerly waiting to hear the budget statement, which is due to be presented to the National Assembly on Thursday afternoon at around 3 or 2 p.m. CAT. Finance Minister Ukur Yatani is currently preparing to appear in the National Assembly and deliver his budget declaration …

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What the governor of Nakuru city must do to make history

The governor of Nakuru, Lee Kinyanjui (center), will be appointed by his deputy Dr. Eric Korir (left) and other circle leaders in Nyayo Gardens flanked. [Kipsang Joseph, Standard] Nakuru Governor Lee Kinyanjui deserves a pat on the shoulder as the city is on the edge of size. Nakuru will soon …

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Safari Rally is a game changer for our economy

The story of the Safari Rally matters to Kenyans. [Elvis Ogina, Standard] The Safari Rally has been the most iconic sporting event in Kenya since it began in honor of Queen Elizabeth II’s coronation in the 1950s. It was always a pleasure to watch young and old. It’s a sport …

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The EU and the Republic of Kenya begin strategic dialogue and are committed to the implementation of the Economic Partnership Agreement of the East African Community

COVID-19 has plunged the African continent into a full blown recession. According to the World Bank, the pandemic has pushed up to 40 million people across the continent into extreme poverty. It is estimated that each month of delaying the vaccine introduction program costs about $ 13.8 billion in lost …

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Which Covid-19 blues? Kenya has $ 27,473 millionaires

The number of super-rich Kenyans rose to 27,473 last year, even though the Covid-19 pandemic widened the gap between rich and poor, a new wealth report shows. The report from Switzerland-based financial conglomerate Credit Suisse shows that the percentage of adult Kenyans at over $ 1 million (108 million shredders) …

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The proposed campsite in Tremont gives cause for concern

TREMONT, Maine (WABI) – People in Tremont will have to wait until August to share their thoughts again on a proposed campsite that would offer visitors dozens of accommodations. A public hearing scheduled for Tuesday has been postponed at the request of the couple behind the project. But the idea …

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Tanzania: primer | Global finance magazine

Tanzania’s new leadership prepares for post-Covid economic growth. Dar es Salaam POPULATION STATISTICS Place: East Africa Neighbours: Mozambique; Malawi; Zambia; Democratic Republic of Congo; Burundi; Rwanda; Uganda; Kenya Capital: Dodoma (official); Dar es Salaam (commercial) Population (2021): 61,435,647 Official language: English; Swahili GDP per capita (2019): $ 1,122 GDP growth …

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Kenya Airways will resume flights to London on Saturday

Nairobi-based Kenya Airways has announced that it will resume flights from Nairobi Jomo Kenyatta International Airport (NBO) to London Heathrow (LHR) on Saturday, June 26, 2021. All flights between Kenya and the United Kingdom were suspended on April 9, 2021. after the British government put Kenya on its “red list” …

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Lufthansa’s new airline, Eurowings Discover, ready to go

(MENAFN – Bangladesh Monitor) Berlin: The new airline Eurowings Discover of the Lufthansa Group announced that its Air Operator Certificate was issued on June 16. This means that the airline is now ready to take off and its first flight will leave Frankfurt on July 24th. The foundation stone for …

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Why the so-called “Deep State” in Kenya is a fallacy

The idiom comes from modern Turkey. [Courtesy] Kenya‘s professional civil service and uniformed police (and military) are formidable obstacles to mass clientelism. The “unelected bureaucrats” ensure that the elected leadership carries out the will of the people democratically and according to rules. And to make sure they don’t take power …

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More rail equipment has arrived for building the Mayan train

Coatzacoalcos, Veracruz – Railway equipment used to build the Mayan train has arrived aboard the ship at Coatzacoalcos port in Veracruz university. Ground crews with trucks arrived to unload equipment, including eight locomotives, 28 nacelles, crane equipment, generators, and supplies. The incoming equipment will be used to start the construction …

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How Foreign Aid to Medicine Brings Big Economic Revenues |

President Joe Biden’s decision to donate 500 million COVID-19 vaccines to other countries by June 2022 is an important step in restoring the United States’ global reputation. Another, parallel foreign policy solution could perhaps achieve even more. It’s simple, inexpensive, and could improve the health and wellbeing of billions of …

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New Halo Infinite multiplayer maps and weapons revealed

After showing it off at Xbox & Bethesda during the E3 showcase, the new content is coming Halo infinite‘s multiplayer was described in more detail in an article by developer 343 Industries Halo waypoint. The post strictly adheres to details about the game’s multiplayer, including details about the new maps, …

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Return of the rally: Kenya

Nineteen years later, one of the crown jewels of the FIA ​​World Rally Championship is back in business as Nairobi and Naivasha host an undoubtedly adrenaline-fueled African adventure. The old safari has evolved to match the modern WRC, of ​​course, but its character remains on the menu for 2021 with …

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World Rally Championship returns to Kenya

It is a new dawn in the tourism sector in Rwanda as tourists begin to discover a new way of staying in the country and enjoying what it has to offer. Recently, 23 golfers from IKOYI Club, Nigeria, visited Rwanda for a 10-day vacation to play golf and experience other …

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Protect farmers from cheaper food imports

A local farmer sorts his onions in a Kisii market.[File,Standard] Kenya‘s importing onions from China speaks volumes about the void of promises the government has made over the years to empower local farmers and even achieve food supplies. There is no doubt that the country has the capacity to produce …

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A complicated story and a new attitude

Safari-style decor and furniture are strongly associated with Africa. In fact, there is a whole private tourism and elite resort industry built around them. But such spaces and the memories they conjure up have a complicated narrative. From talking about land ownership to animal hunting rights and colonial stories, the …

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Fintech Layer cooperates with UBA for digital banking in Kenya

Layer is a digital transformation platform that enables large financial institutions to improve their digital customer and back office experiences. Through this new partnership, the company will add an additional 18 million users to its platform in 25 different countries. By working with Layer, the financial conglomerate will be able …

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CEO describes Swahili Honey’s journey

Central Park Bees buys honey from around 1,300 smallholder farmers in Tanzania. When Tanzanian businessman Joseph Kadendula, CEO and co-founder of Central Park Bees and his retail brand Swahili Honey, decided to start an apiary, he had no knowledge of bees. What he had was an innate passion for entrepreneurship …

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Carrying the Weight: The Impact of COVID-19 on Older People in Low- and Middle-Income Countries – Outlook from 2020 [EN/AR/RU] – World

Older people around the world at higher risk of abuse and neglect than before pandemic: new report 06/14/2021 • Launch of HelpAge International new report on the occasion of World Elder Abuse Awareness Day • Restrictive measures increase the risk of abuse and neglect • Other health issues overlooked as …

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5 things to know before investing in real estate

KEY POINTS Buying and owning real estate is an investment strategy that can be both rewarding and profitable. It is generally capital intensive and illiquid, hence the need to be well informed before committing funds. Creating wealth is an artistic profession that requires research and learning to ensure that you …

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How the IMF left an indelible mark on this year’s budget

National Treasury and Planning CS Ukur Yattani at the Treasury building on their way to present the 2021/2022 budget to Parliament, Nairobi. June 10, 2021.[Jonah Onyango, Standard] Kenyans are expected to start living with the harsh conditions imposed by the International Monetary Fund (IMF) in the next fiscal year starting …

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Growing aloe vera wipes pastoralists’ tears of loss

Members of the Nalapatui group in Turkana West, Turkana County, who drew on aloe products to help them support their families away from farming.[Bakari Angela] For years, many pastoralists in remote villages in Turkana West Sub-county have been subjected to abject poverty and starvation due to perpetual drought and banditry …

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What is the budget for the agricultural sector in Kenya?

Kenya Second budget Under the shadow of COVID-19, the pandemic is economic recovery The Uhuru Kenyatta Legacy Project.. Clearly, during the President’s last fiscal year, the focus is on completing ongoing investments and creating an enabling environment for economic recovery to protect livelihoods. The agricultural sector, which received a slightly …

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Manchester restaurant owner ‘terrified’ as debt leaves family facing loss of own home

A Manchester restaurant owner has written a heartfelt open letter to the government, asking for more financial support and calling lenders ‘aggressive’. Peter Kinsella is the owner of Lunya, the Spanish restaurant and grocery store in Deansgate which has sadly announced it will not reopen after lockdown, leaving only its …

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Brown: Student loan debt has spiraled out of control and Virginia is no exception | Remark

Mike Brown Brown is a research analyst for LendEDU, a website that helps consumers discover and compare financial products, including student loans. Student loan debt has spiraled out of control across the country, and Virginia is no exception. Borrowers across the United States are experiencing an unprecedented student loan debt …

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British Petroleum raises $12 billion in debt with equity-like features

British Petroleuma multinational oil and gas company headquartered in London, announced that it had raised $12 billion in debt with equity-like characteristics, according to an FT report, trying to take advantage of boiling credit markets to inject new capital and consolidate its balance sheet . The world’s sixth-largest oil and …

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What are equity securities and debt securities? How…

Stocks and bonds are both securities. Learn about these investment securities and understand the difference between equity securities and debt securities. 5 minute read Photo by TD Ameritrade Key points to remember Equity securities are financial assets that represent shares of a company Debt securities are financial assets that define …

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Indiabulls Housing Finance gets 2,200 Cr lifeline from Oaktree

Indiabulls Housing Finance Ltd (IBHFL) raised ₹2,200 crore from Oaktree Capital pledging part of its home loans to the stressed global asset investor, said two people with direct knowledge of the deal, requesting anonymity. The transaction should breathe new life into Indiabulls Housing, which has been in talks with investors …

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A look at AbbVie’s debt

Over the past three months, shares of AbbVie Inc. (NYSE: ABBV) decreased by 4.00%. Before we look at the size of debt, let’s look at how much debt AbbVie has. AbbVie Debt According to AbbVie’s most recent balance sheet released August 4, 2020, total debt stands at $87.43 billion, with …

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In the years since the 2008 recession, Harvard has paid down debt and built up reserves | News

Harvard has reduced its debt by about $1 billion and increased its reserves in anticipation of a potential future recession, the university’s chief financial officer and vice president of finance Thomas J. Hollister said in an interview on Wednesday. Hollister said the debt reduction was part of an effort to …

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Tupperware brands: debt overview

Shares of Tupperware Brands Inc. (NYSE: SHEEP) has increased by 288.20% in the last three months. Before we look at how big the debt is, let’s look at how much debt Tupperware Brands has. Debt of Tupperware Brands According to Tupperware Brands’ most recent balance sheet released July 29, 2020, …

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Record amounts of corporate debt due by 2025: Moody’s

This represents an increase of 34% ($31 billion) compared to January (data covering the period 2020-2024). Speculative bond issuance has risen nearly 30% since January, Moody’s reported. “Canadian speculative-grade debt maturities have reached $81 billion and now represent approximately two-thirds of total Canadian debt maturing in 2021-25,” said Paresh Chari, …

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Natural Light and Cash App Launch Super Bowl Contest to Offset Student Debt

Short: Anheuser-Busch’s Natural Light beer partnered with Cash App, the mobile payment service developed by Square, in a cash giveaway around the Super Bowl on Feb. 3. Beer brand ‘Natty Light’ will distribute $53,000 to 151 fans through the payment app, helping them offset their monthly student debt payment and …

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Why Hedge Funds Love Troubled Debt

Hedge funds can generate massive returns in relatively short periods of time, and they can lose a lot of money just as quickly. What types of investments can produce such varied returns? Such an investment is afflicted debt. This type of debt can be loosely defined as the obligations of …

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UK public debt tops £2tn for first time following Covid-19 spending boom

The coronavirus pandemic has severely undermined Britain’s public finances, with government debt topping £2bn for the first time and borrowing at its highest level in peacetime. The Office for National Statistics reported on Friday that public sector net debt rose a further £20.2bn to £2.004bn in July. It is now …

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Amazon returns to ‘debt-fueled growth’ amid online boom

Diving Brief: from Amazon First day this week will be a “litmus test” for the e-commerce giant and the sustainability of exponential digital retail sales growth, Moody’s analysts led by Charlie O’Shea said in an emailed report this week. . Amid the rapid shift to e-commerce during the COVID-19 pandemic, …

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Oxford Finance extends $20 million senior credit facility to Cerapedics Inc.

ALEXANDRIA, Va. and WESTMINSTER, Col., April 19, 2017 /PRNewswire/ — Oxford Finance LLC (“Oxford”), an industry-leading specialty finance firm that provides preferred debt securities to life sciences and healthcare services companies, today announced the closing of ‘a $20 million senior secured term loan from Cerapedics Inc. (“Cerapedics”), a private orthobiology …

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‘We don’t know how many ticking time bombs are spinning’: Australia’s rent deferral debt trap | Lodging

Tenants face a financial time bomb in September when state eviction protections are due to expire and many could be asked to pay off deferred rent or start paying their rent in full again. But no one has a clear idea how big problem could be or what effect it …

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Private Debt Partners appoints four new members to the board of directors

TORONTO and MONTREAL, August 20, 2020 /CNW/ – Private Debt Partners (“PDP” or “the Company”) is pleased to announce the appointments of Mr. Robert SmithMrs. Colleen JohnsonMrs. sheryl kennedyand M. Anatol von Hahn, to its Board of Directors. Newly appointed directors, as well as former Thomas Macmillanbring a deep finance, …

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Public debt rises to 14.3%, its highest level in 30 quarters

India’s non-financial sector (NFS) debt stock stood at 322 trillion rupees, or 167.3% of GDP in the first quarter of FY21, compared to around 153% in the last few years. last quarters. According to a report by Motilal Oswal Institutional Equities, a 9.1% year-on-year growth in NFS debt and a …

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Oman uses oil bloc as collateral for new debt | Rigzone

(Bloomberg) – Oman is seeking to raise funds from its biggest oil bloc, as the cash-strapped Gulf nation seeks new ways to rein in its budget deficit and stabilize a faltering economy. The sultanate is transferring its 60% stake in Block 6, which has a production capacity of 650,000 barrels …

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Huge public debt threatens Mozambique’s financial system

Mozambique’s public debt currently stands at $12.37 billion, of which about 16% is owed to China, Economy and Finance Minister Adriano Maleiane said. Of the total $12.37 billion in public debt, $9.85 billion is external debt and the rest domestic debt, raised through high-interest Treasury bills. $4.35 billion of external …

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What does Black Knight debt look like?

Over the past three months, shares of Black Knight (NYSE:BKI) decreased by 9.82%. Before looking at how big the debt is, let’s take a look at how much debt Black Knight has. The Dark Knight’s Debt According to Black Knight’s most recent balance sheet, released November 9, 2020, total debt …

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How To Lower Your Hospital Delivery Bill | Family finances

There’s no denying it – raising children is Dear. And it’s not just the teenage years that are costly. Even before baby arrives, mom and dad spend hundreds – if not thousands – of dollars on prenatal care, labor and baby equipment. But, it doesn’t stop there. Few first-time parents …

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Illinois CCRC files for bankruptcy, seeks to restructure $141 million debt

A continuing care retirement community in suburban Chicago filed for Chapter 11 bankruptcy protection last week after defaulting on part of its $141 million debt. Elmhurst’s Park Place in Elmhurst, Illinois, defaulted on nearly $15.5 million in bond debt issued by the Illinois Finance Authority in 2016, a document filed …

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Debt Snowball Review | David Ramsey

David Ramsey | Knoxville News Sentinel Debt advice from Dave Ramsey Financial expert Dave Ramsey explains the steps to eliminate debt and build wealth What is the debt snowball and why is it so important to your plan? A: The Debt Snowball is the second step in my plan to …

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