Capital Business

  • - NAIROBI, Kenya, Feb 19 – The National Assembly is expected to deliberate on the Public Transport (Motorcycle Regulation) Bill, 2023, following its passage by the Senate on December 5 last year as the government moves to regulate motorcycle operations across the country. The Bill, sponsored by…
  • - WASHINGTON, Feb. 18 (Xinhua) — U.S. President Donald Trump said on Tuesday that he intends to impose tariffs of around 25 percent on auto imports, with more details coming out on April 2. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told a press…
  • - NAIROBI, Kenya, Feb 13 – TransUnion Kenya has partnered with analytics software provider FICO to introduce advanced credit risk solutions aimed at expanding financial access across Kenya.   The collaboration will integrate enriched data and advanced analytics to enhance lending prcesses, enabling…
  • - PARIS, Feb. 19 (Xinhua) — France’s consumer price index (CPI) rose by 1.7 percent year-on-year in January, the French National Institute of Statistics and Economic Studies (INSEE) announced on Tuesday. The increased in inflation was driven by rising prices in services and energy, and the rebound in…
  • - NAIROBI, Kenya, Feb 19 – As African entrepreneurs navigate the challenges of scaling their businesses, access to funding, strategic market entry, and financial efficiency remain key hurdles. Recognizing these needs, Verto is stepping in with innovative solutions, including the Verto Global Business…
  • - NAIROBI, Feb. 18 (Xinhua) — The United Nations (UN)-backed Green Climate Fund (GCF) has approved 50 million U.S. dollars for key projects to bolster climate resilience and promote sustainable development in Kenya. The initiative, led by the Food and Agriculture Organization of the UN (FAO),…
  • - NAIROBI, Kenya, Feb 18 – Nairobi is set to host a major air cargo and transport logistics event this week, bringing together global and regional leaders to discuss industry challenges, innovations, and future trends. The three-day event, co-hosted by the Kenya Airports Authority, will be held at…
  • - NAIROBI, Kenya, Feb 18 – Business leaders must integrate artificial intelligence (AI) into their operations to drive efficiency, innovation, and sustainable growth. This was the key message at the AI Innovation Summit, organized by Datamellon, a global leader in AI, data, and cloud innovation. The…
  • - NAIROBI, Kenya, Feb 18 – The Office of the Data Protection Commissioner (ODPC) has ruled that Zuku Fibre Kenya, operated by Wananchi Group (Kenya) Limited, breached the Data Protection Act by failing to delete a former customer’s personal data upon request.   The case was filed by Yasin Abukar, who…
  • - NAIROBI, Kenya Feb 18 – The Baraza Media Lab has expressed caution regarding the use of Artificial Intelligence (AI) technology in media organizations. The Nairobi-based organization dedicated to supporting media professionals emphasized the need to safeguard journalistic integrity amidst the rapid…
  • - FEB 18 – Average wages are continuing to outpace inflation with pay packets rising for both the public and private sector workers, official figures show. Pay, after taking into account the pace of price rises, rose 3.4% between October and December compared with the same period a year ago,…
  • - NAIROBI, Kenya, Feb 18 – The government missed its revenue collection target by Sh62.8 billion in the first half (H1) of the 2024/2025 fiscal year, the latest data shows, highlighting challenges that the state is facing in its ambition to grow earnings. The Treasury Quarterly Economic and Budgetary…
  • - NAIROBI, Kenya, Feb 18 – Over 1,500 global leaders, investors, and entrepreneurs will gather in Nairobi for the 12th Sankalp Africa Summit, scheduled for February 27-28, 2025. The summit will spotlight investment, innovation, and sustainability, aiming to unlock millions of dollars in funding for…
  • - FEB 18 – Argentine President Javier Milei is facing impeachment calls – and legal action accusing him of fraud – over his promotion of cryptocurrency on social media. Milei posted on X, formerly Twitter, about the $LIBRA coin on Friday, which he said would help fund small businesses and start-ups.…
  • - NAIROBI, Kenya, Feb 18 – The government has published new graphic warning signs for printing on cigarette packets to create awareness of their health effects. Under Section 21(4) of the Tobacco Control Act, tobacco products are required to have warning labels and messages, which are clearly visible…
  • - NAIROBI, Kenya, Feb 18 – All transporters of sand in the country will be required to obtain licenses in order to operate. This is after the National Environment Management Authority (NEMA) announced the commencement of the 2024 Sand Harvesting Regulations to promote sustainable sand use and…
  • - FEB 18 – Meta has announced plans to build a 50,000km (31,000 mile) sub-sea cable across the world. The tech giant said Project Waterworth – connecting the US, India, South Africa, Brazil and other regions – will be the world’s longest underwater cable project when completed. Meta, which owns…
  • - MEXICO CITY, Feb. 18 — Mexican President Claudia Sheinbaum on Monday warned search engine Google in a second letter that her government will take legal action unless the company reinstates the name of the Gulf of Mexico on its maps. Google does not have the right to rename the entire Gulf of Mexico…
  • - NAIROBI, Kenya – British American Tobacco (BAT) Kenya has strongly dismissed allegations of financial discrepancies in a report by The Investigative Desk, titled Missing Millions: A Cross Examination of British American Tobacco Kenya’s Tax Bill, published on February 12, 2025.   BAT Kenya Managing…
  • - Nairobi, Kenya, Feb 17 – Chinese construction equipment manufacturer LiuGong Machinery has expanded into the East Africa region with a new regional office in Syokimau, Machakos County. The new facility will serve as the headquarters for LiuGong Machinery East Africa Limited, a subsidiary of the…
  • - FEB 17 – OpenAI’s board of directors has officially rejected Elon Musk’s nearly $100bn offer for the maker of what is the world’s best-known artificial intelligence (AI) tool, ChatGPT. But the unsolicited bid might not be a failure – at least as far as Musk is concerned, experts say. That’s because…
  • - NAIROBI, Kenya, Feb 17 – Equity Foundation has announced the selection of 750 top-performing KCSE scholars to join its Equity Leadership Program (ELP). The scholars, who attained top grades in the 2024 KCSE exams, will participate in a six-month paid pre-university internship at Equity Bank…
  • - NAIROBI, Kenya, Feb 17 – Value Added Tax (VAT) collected by the Kenya Revenue Authority (KRA) in January this year exceeded the target by Sh4 billion, buoyed by improvements in remittances in key sectors. Latest data shows that the taxman raised Sh34.6 billion in VAT last month, up from Sh30.6…
  • - BANGKOK, Feb. 17 (Xinhua) — Thailand’s economy expanded 3.2 percent in the final quarter of 2024 from a year earlier, driven by public investment, exports and private consumption, official data showed on Monday. The country’s gross domestic product (GDP) in the October-December period accelerated…
  • - NAIROBI, Kenya, Feb 17 – The adoption of smart household appliances in Kenya is projected to grow significantly over the next five years, with penetration rates expected to rise from 2.8 percent in 2025 to 5.8 percent by 2029, according to recent consumer data from Statista. This shift is driven by…
  • - NAIROBI, Kenya, Feb 17 – Havas Africa has officially launched Havas Play, Havas’ global network with expertise across sponsorships, partnerships, experiential, social, influencers, and branded content. This latest launch expands the footprint of the global Havas Play network, which encompasses over…
  • - NAIROBI, Kenya 17 – Old Mutual Kenya has rolled out a new financial service, the Lengo Digital Savings plan, which will allow customers to invest and manage their savings digitally. Loreen Makwanya, Old Mutual Life Assurance Kenya Managing Director (MD), said the customer-friendly digital platform…
  • - NAIROBI, Kenya, Feb 17 – Kenya’s electricity consumption peaked at 2,316 megawatts (MW) on Wednesday last week, Kenya Power’s latest data shows, an improvement of 12 MW from the previously recorded high of 2,304 MW in January this year. The utility provider links the growth to enhanced national…
  • - TOKYO, Feb. 17 (Xinhua) — Japan’s stock market ended slightly higher on Monday as the country’s economic data for the fourth quarter of 2024 exceeded market expectations, boosting financial stocks such as banks and insurance companies. The benchmark Nikkei stock index, the 225-issue Nikkei Stock…
  • - NAIROBI, Kenya, Feb 17 – More than 250 African city leaders met in Nairobi last week for the Green & Resilient UrbanShift Africa Forum, aimed at boosting climate resilience and sustainable urban investment. The UrbanShift Africa Forum, funded by the Global Environment Facility (GEF) and hosted…
  • - FEB 17 – South Korea has banned new downloads of China’s DeepSeek artificial intelligence (AI) chatbot, according to the country’s personal data protection watchdog. The government agency said the AI model will become available again to South Korean users when “improvements and remedies” are made…
  • - By Anne Kuria, FEB 17 – The recent pause in USAID-funded programs, following the implementation of the Executive Order on Reevaluating and Realigning United States Foreign Aid, has significantly impacted projects across Africa, including Kenya. The suspension of new funding obligations and sub-…
  • - FEB 17 – Imposing US tariffs on UK steel would be “negative” for both countries, the business secretary has said. Jonathan Reynolds told the BBC the UK and US have a “mutual interest” in negotiating an exemption from President Donald Trump’s plans for the 25% import tax, which could come into force…
  • - NAIROBI, Kenya, Jan 16 – The Ministry of East African Community (EAC), ASALs, and Regional Development has announced the commencement of reforms in state corporations. This follows a directive by the Cabinet on February 10. According to the ministry, the move is anchored on the government’s…
  • - FEB 16 – The government has announced plans to protect the UK’s steel industry in a bid to secure its long-term future, as it faces the impact of potential tariffs. The Plan for Steel will include measures that seek to bring down the cost of production and encourage the use of domestic steel in…
  • - NAIROBI, Kenya – In celebration of the International Day for Women and Girls in Science (IDWGIS), Huawei Kenya hosted its UniTech Talk event, focusing on equipping women with skills in technology and advancing their role in Science, Technology, Engineering, and Mathematics (STEM).   The forum aimed…
  • - NAIROBI, Kenya, Feb 15 – The Ministry of Agriculture has doubled miraa prices in a revised schedule by the Pricing Formula Committee, setting Grade 1 at Sh1,300 per kilogram and Grade 2 at Sh700 per kilogram. The committee, in executing its duties, reviews production data, costs, supply, and demand…
  • - FEB 15 – From meetings with foreign leaders to the control room of a SpaceX launch, Musk’s children have debuted as constant sidekicks to their father’s endeavors in tech, business and now, politics. They have made frequent appearances in the nation’s capital since President Donald Trump tapped the…
  • - NAIROBI, Kenya, Feb 15 – Kenya Power has issued an alert regarding delays in the generation of electricity tokens Mostly affected are customers using the prepaid services via the Paybill number 888880. “We are currently experiencing a delay in the generation of tokens purchased through our Paybill…
  • - WASHINGTON, Feb. 15 (Xinhua) — U.S. President Donald Trump signed an executive order Friday on establishing a new council to boost U.S. production and export of fossil fuels. Tasked with driving up U.S. domestic oil and gas production, partly for export, the National Energy Dominance Council will…
  • - NAIROBI, Feb. 15 (Xinhua) — Kenya earned 108 billion shillings (around 835 million U.S. dollars) from its flower exports in 2024 compared to 827 million dollars in 2023, a trade association said on Friday. Clement Tulezi, chief executive officer of the Kenya Flower Council, told journalists in…
  • - NAIROBI, Kenya, Feb 14 – Recent pension tax reforms under the Tax Laws (Amendment) Act 2024 are expected to boost retirement savings and healthcare planning, according to industry players. One of the key changes is the increase in the tax-deductible pension contribution limit from Sh240,000 to…
  • - FEB 14 – Hollywood may be known as Tinseltown, a dream factory at the heart of the global entertainment industry. But nowadays crews are more likely to film in Atlanta, London, Toronto or Sydney than in Los Angeles. Cheaper labour and better tax breaks have lured producers away from the City of…
  • - NAIROBI, Kenya, Feb 14 – Kenya’s craft spirits brand African Originals has announced its entry into the Ugandan market. Its CEO, Alexandra Chappatte, said that the company is keen on niche sales as it takes on its competitors in the East African nation. “The biggest strategy we have put is to enter…
  • - NAIROBI, Kenya, Feb 14 – President William Ruto has thrown his weight behind the establishment of the African Credit Rating Agency (AFCRA) to challenge global rating agencies accused of inflating borrowing costs for African nations. Speaking at a high-level presidential breakfast dialogue on the…
  • - FEB 14 – Despite the hype, Indian Prime Minister Narendra Modi’s first visit to Washington under Donald Trump’s second term was a sober, business-first affair – unsurprising for a working visit, which lacks the pomp of a state visit. Trump announced expanded US military sales to India from 2025,…
  • - NAIROBI, Kenya, Feb 13 – The majority of small and medium-sized enterprises (SMEs) are embracing digital payment solutions, with 68 percent of those already accepting digital payments planning to invest further in technologies such as contactless payments, according to a new report by Visa. The…
  • - FEB 14 – The number of foreign workers seeking help over claims of exploitation, bullying, underpayment and poor living conditions on UK farms significantly increased last year, the BBC has learned. Nearly 700 foreign seasonal agricultural labourers complained to the Worker Support Centre (WSC)…
  • - FEB 14 – US President Donald Trump is sharpening plans to hit exports from countries that he says have trade policies that are unfair to the US. On Thursday, Trump signed a memo that instructed staff to develop custom tariffs for each country, taking into account features such as their existing…
  • - NAIROBI, Kenya, Feb 14 – Kenya’s public debt management has been severely impacted by high interest rates both globally and in the domestic market, according to the Medium-Term Debt Management Strategy (MTDM) tabled in Parliament on Thursday. The report warns that elevated interest rates are…