Capital Business

Capital Business » What’s in controversial Reagan advert and is it what he really said?
24 Oct 2025 - OCT 24 – US President Donald Trump has said he will halt all trade negotiations with Canada immediately over an advert in which his predecessor…
Capital Business » Lenders pay Sh38.5 in tax for every Sh100 profit
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Kenyan lenders paid Sh38.5 in taxes for every Sh100 profit earned in 2024, new industry data shows. According to the Kenya…
Capital Business » Putin says new U.S. sanctions not to significantly impact Russia’s economy
24 Oct 2025 - MOSCOW, Oct. 23 (Xinhua) — New U.S. sanctions on Russian oil companies will not significantly impact Russia’s economic health, Russian…
Capital Business » Banks remit Sh194.8bn in taxes to Treasury
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Kenyan banks paid Sh194.81 billion in taxes to the National Treasury in the year ended December 31, 2024, underscoring their…
Capital Business » China becomes fourth-largest importer of Ethiopian coffee
24 Oct 2025 - ADDIS ABABA, Oct. 24 (Xinhua) — China has become the fourth-largest importer of Ethiopian coffee, up from seventh position two years ago, said Shafi…
Capital Business » Absa Bank Uganda buys retail, wealth business from rival
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB)…
Capital Business » Microsoft: AI-powered cyberattacks surge in Africa
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Africa has become a testing ground for the world’s most advanced cyberattacks, according to Microsoft’s 2025 Digital Defense…
Capital Business » Bank of England chief tops 2026 Powerlist as UK’s most influential black person
24 Oct 2025 - OCT 24 – Afua Kyei, the Bank of England’s chief financial officer, has been named the UK’s most influential black person. The 43-year-old is one…
Capital Business » Motorists to pay Sh8 per km on Rironi–Mau Summit Expressway
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Motorists will pay Sh8 per kilometer to use the Rironi–Mau Summit Expressway once its expansion to a dual carriageway is…
Capital Business » The mysterious figure accused of masterminding a $14bn crypto scam
24 Oct 2025 - OCT 24 – Just 37 years old, Chen Zhi is accused of being “the mastermind behind a sprawling cyber-fraud empire… a criminal enterprise built on human…
Capital Business » PZ Cussons injects Sh150mn to grow local operations
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – Soap-maker PZ Cussons East Africa has announced plans to invest Sh150 million over the next year to boost production,…
Capital Business » Report: 86,000 Kenyan children struggle with poor vision daily
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – About 86,000 school-going children in Kenya suffer from uncorrected vision problems such as short-sightedness, long-…
Capital Business » Extortion and ransomware drive over half of cyberattacks
24 Oct 2025 - By Amy Hogan-Burney NAIROBI, Kenya, Oct 24 – In 80% of the cyber incidents Microsoft’s security teams investigated last year, attackers sought to…
Capital Business » Trump says trade talks with Canada ‘terminated’ over anti-tariffs advert
24 Oct 2025 - oct 24 – US President Donald Trump has said he is immediately ending all trade negotiations with Canada. In a post on Truth Social, Trump wrote that…
Capital Business » Tatu City eyes young learners with AI program
24 Oct 2025 - NAIROBI, Kenya, Oct 22 – Tatu City has started an After-School Artificial Intelligence (AI) Program to help young students gain digital and coding…
Capital Business » Nairobi–Nakuru Highway dualing to cost Sh90bn, set for 2027 completion
24 Oct 2025 - NAIROBI, Kenya, Oct 24 – The dualing of the Nairobi–Nakuru Highway will cost about Sh90 billion and is expected to be completed by June 2027, the…
Capital Business » President Trump pardons Binance founder Changpeng Zhao
24 Oct 2025 - OCT 24 – Changpeng Zhao, founder of the world’s largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump. Zhao, also…
Capital Business » Ruto defends revised Cybercrime Act, says it targets bullies and terrorists
23 Oct 2025 - NAIROBI, Kenya, Oct 23 — President William Ruto has defended the revised Cybercrimes Act saying the new law is designed to protect Kenyans from…
Capital Business » Nokia Q3 sales rise, profit dip narrower than expected
23 Oct 2025 - HELSINKI, Oct. 23 (Xinhua) — Finland-based network equipment maker Nokia beat market expectations as it on Thursday posted stronger sales during July…
Capital Business » Two Rivers SEZ gets national status, easing project approvals
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Projects under the Two Rivers International Finance and Innovation Centre (TRIFIC) will now enjoy faster government…
Capital Business » Two Rivers SEZ gains faster project approvals after national status
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Projects under the Two Rivers International Finance and Innovation Centre (TRIFIC) will now enjoy faster government…
Capital Business » Ichung’wah says Cybercrime Act safeguards mental health, court misled
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – National Assembly Majority Leader Kimani Ichung’wah has defended the controversial amendment to Section 27 of the Computer…
Capital Business » London Stock Exchange bouncing back, says metals magnate
23 Oct 2025 - OCT 23 – The UK is ahead of rival financial centres as a place to list shares, according to the founder and CEO of global energy and metals company…
Capital Business » Saudi firm to connect patients with health facilities as it enters Kenya
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Saudi Arabian firm Sage Healthcare Concierge Services has entered the East African market, selecting Kenya as its regional…
Capital Business » Malengo gets Sh1.7bn to expand education access for Kenyan youth
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Hundreds of low-income and refugee students across East Africa are set to access international higher education…
Capital Business » How the outsourcing sector became South Africa’s newest goldmine
23 Oct 2025 - OCT 23 – Esethu Dywili says his lucrative accountancy work has given him the chance to change his family’s life. The 31-year-old has spent a number…
Capital Business » Kenya eyes economic gains from health innovation at WHX Nairobi 2025
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Kenya is positioning itself as a regional hub for health innovation and technology transfer, with policymakers touting the…
Capital Business » MTIB among top TVET Centres driving inclusion, skills growth
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – The Machakos Technical Institute for the Blind (MTIB) has been honored among the country’s top 14 Technical and…
Capital Business » Smart Applications introduces new digital health platforms in Zambia
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – African digital health firm Smart Applications International has expanded its footprint in Zambia with the launch of…
Capital Business » US NGO opens Africa HQ in Nairobi to bridge skills gap
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – US-based non-governmental organization GFP International has set up its African headquarters in Nairobi as part of efforts…
Capital Business » EU adopts 19th sanctions package against Russia, including LNG import ban
23 Oct 2025 - BRUSSELS, Oct. 23 (Xinhua) — European Union (EU) member states on Wednesday approved the bloc’s 19th package of sanctions against Russia over the…
Capital Business » Amazon unveils prototype AI smart glasses for its delivery drivers
23 Oct 2025 - OCT 23 – Amazon has unveiled a prototype of artificial intelligence-powered smart glasses designed to be used by its delivery drivers. The “Amelia”…
Capital Business » State faulted for listing non-existent firm in Marsabit power projects
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – The government has come under scrutiny after allegedly including a non-existent company in a list of power projects in…
Capital Business » Trump says Putin talks ‘don’t go anywhere’ as he imposes new sanctions
23 Oct 2025 - OCT 23 – The US has announced new sanctions targeting Russia’s two largest oil companies – Rosneft and Lukoil – in an effort to pressure Moscow to…
Capital Business » Kenya leads E. Africa in energy use, renewable energy generation
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Kenya has topped the East African Community (EAC) in energy consumption and renewable energy generation, according to the…
Capital Business » Kenya leads East Africa’s energy consumption, renewables
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Kenya has topped the East African Community (EAC) in energy consumption and renewable energy generation, according to the…
Capital Business » Tesla profits slide despite record revenue
23 Oct 2025 - OCT 23 – Tesla has seen its profits slide even as it reported record quarterly revenue after US buyers rushed to secure a key tax credit on electric…
Capital Business » Uasin Gishu tops in business friendliness for small traders
23 Oct 2025 - NAIROBI, Kenya, Oct 23 – Uasin Gishu County has emerged as the most business-friendly devolved unit for small traders in Kenya, outperforming…
Capital Business » SpaceX says it has cut Starlink services to Myanmar scam camps
23 Oct 2025 - OCT 23 – Elon Musk’s SpaceX says it has cut Starlink satellite communication links to more than 2,500 devices used by scam compounds in Myanmar. More…
Capital Business » Court suspends Sh20mn cyber harassment penalty in Cybercrime Act
22 Oct 2025 - NAIROBI, Kenya, Oct 22 — The High Court in Nairobi has temporarily suspended the enforcement of a section of the Computer Misuse and Cybercrimes Act…
Capital Business » Afya Sacco faces probe over financial, management irregularities
22 Oct 2025 - NAIROBI, Kenya, Oct 22 – The Government has ordered an inquiry into the troubled Afya Savings and Credit Co-operative Society Limited (Afya Sacco),…
Capital Business » Walmart halts job offers for H-1B visa candidates
22 Oct 2025 - OCT 22 – Walmart will pause hiring candidates who require H-1B visas, the BBC understands, in response to the Trump administration’s new $100,000 (£…
Capital Business » The Future of Customer Experience: Blending Technology with the Human Touch
22 Oct 2025 - NAIROBI, Kenya, Oct 22 – Last week, organizations in Kenya and globally celebrated Customer Service Week, a time to recognize and reflect on the…
Capital Business » Mogo sued over unfair loan terms, hidden charges
22 Oct 2025 - NAIROBI, Kenya, Oct 22 – Asset financing firm Mogo Auto Limited is facing a representative lawsuit from three Kenyans over alleged predatory lending…
Capital Business » Who is paying for Trump’s White House ballroom?
22 Oct 2025 - OCT 22 – As construction begins on US President Donald Trump’s new $250m (£187m) White House ballroom, mystery continues to swirl around the…
Capital Business » Ex-Health CS James Macharia named Sidian Bank Chairman
22 Oct 2025 - NAIROBI, Kenya, Oct 21 – Former Health Cabinet Secretary James Macharia has been appointed the new Chairman of Sidian Bank, succeeding Centum…
Capital Business » Helipad tarmac sinks after Indian president’s chopper lands in Kerala
22 Oct 2025 - NEW DELHI, Oct. 22 (Xinhua) — A portion of helipad tarmac sank Wednesday minutes after a helicopter carrying Indian President Droupadi Murmu landed…
Capital Business » First Assurance moves to enhance insurance uptake at the coast
22 Oct 2025 - NAIROBI, Kenya, Oct 22 – For a long time, insurance penetration across the coastal region, which covers counties like Mombasa, Kilifi and Kwale, has…
Capital Business » Unlocking youth potential: Nurturing talent and building future-ready skills
22 Oct 2025 - By Fikirini Jacobs NAIROBI, Kenya, Oct 22 – Kenya stands at a pivotal moment. Nearly three quarters of our population is under the age of 35, and the…
Capital Business » Agricultural innovation to top agenda at 2025 Africa Expo
22 Oct 2025 - NAIROBI, Kenya, Oct 22 – Africa’s agricultural modernization is set to take center stage as stakeholders from across the continent and beyond prepare…