Capital Business

  • - NAIROBI, March 18 (Xinhua) — Kenya’s active mobile phone subscriptions grew by 2 percent to reach 71.4 million as of December 2024, up from 70 million in October 2024, the country’s communications industry regulator said in a new report released on Tuesday. According to the quarterly report by the…
  • - NAIROBI, March 18 (Xinhua) — Kenya’s active mobile phone subscriptions grew by 2 percent to reach 71.4 million as of December 2024, up from 70 million in October 2024, the country’s communications industry regulator said in a new report released on Tuesday. According to the quarterly report by the…
  • - JOHANNESBURG, March 18 (Xinhua) — South Africa would like to use its Group of 20 (G20) presidency to promote investment in Africa’s infrastructure and productive sector, aiming to support the continent’s integration into global trade, a senior official said on Tuesday. Andrew Whitfield, deputy…
  • - By Njeri Jomo MAR 18 – When was the last time you felt unwell but chose to self-medicate instead of seeing a doctor? Did you finish the prescribed dose the last time you took antibiotics? If you’re like most people, the answer is probably no. Across the country, many individuals resort to self-…
  • - NAIROBI, Kenya, Mar 18 – Old Mutual Group profit after tax grew by Sh1.1 billion to Sh1.3 billion last year, buoyed by strong performance in the asset management business, underwriting profits from the insurance business, and return on invested assets. In 2023, the firm recorded a net profit of…
  • - MAR 18 – Indian Prime Minister Narendra Modi has become one of the few world leaders to join Truth Social, the social media platform owned by US President Donald Trump. In his first post on Monday, Modi shared a photo with Trump taken in Houston, Texas, during his 2019 US visit and said he was […]
  • - By Leonard Agufa MAR 18 – Content piracy is an insidious global challenge undermining the integrity of multiple creative industries, destroying careers and placing individual users of illicit content at great personal risk. As a global scourge, it requires a global response. Fortunately, powerful…
  • - NAIROBI, Kenya, Mar 18 – National Assembly has passed the Supplementary Appropriation Bill granting increased funding to various critical health initiatives.  The Bill will unlock more allocation to the contentious Social Health Authority (SHA) in a move to improve the Universal Health Coverage (…
  • - KAMPALA, Uganda, Mar 18 – The East African Development Bank (EADB) is considering expanding private sector lending and corporate social investments to drive job creation, particularly for youth and women. During its Governing Council meeting in Kampala, attended by Finance Ministers from Uganda,…
  • - NAIROBI, Kenya, Mar 18 – Kenya’s mobile market has shifted as smartphones continue to dominate the sector, with feature phone usage showing a steady decline amid growing demand for digital services. According to the report by the Communications Authority of Kenya (CAK), mobile phone devices…
  • - NAIROBI, Kenya, Mar 18 – The Kenya Union of Civil Servants has called off nationwide demonstrations scheduled for Tuesday, following government intervention to address the persistent delays in remitting health insurance funds to the State Health Agency (SHA). In a circular issued on Monday,…
  • - NAIROBI, Kenya, 18 – HQ House, the US-based private club brand, has officially opened HQ Kenya House at Tatu City, marking its second global outlet. The expansion underscores Kenya’s growing appeal as an international investment hub. Managed by the Burns Brothers, the club hosted a grand opening…
  • - NAIROBI, Kenya, Mar 18 – A multi-agency operation from the Kenya Pipeline Company (KPC), in partnership with the National Government Administrative Office (NGAO), Kenya Urban Roads Authority (KURA), and Kenya Railways Corporation, has commenced the eviction of illegal settlers from pipeline…
  • - NAIROBI, Kenya, Mar 18 – Kenya has witnessed a sharp rise in cyber threats, with the total number of cyber incidents detected increasing by 27.2 percent to 840.9 million during the second quarter of the 2024/2025 financial year. Data from the Communications Authority of Kenya (CA) reveal that…
  • - MAR 18 – The Chinese government has promised new child care subsidies, increased wages and better paid leave to revive a slowing economy. That is on top of a $41bn discount programme for all sorts of things, from dishwashers and home decor to electric vehicles and smartwatches. Beijing is going on…
  • - NAIROBI, Kenya, Mar 18 – The African Development Bank (AfDB) and the Pan African Farmers Organization (PAFO) have called for entrenched financing for smallholder farmers across the continent aimed at scaling up food production. The organizations called on African governments to fast-track…
  • - NEW YORK, March 18 (Xinhua) — The latest NBC News poll showed that U.S. President Donald Trump’s approval rating on economy has hit a record low. The poll showed that 54 percent of voters disapprove of Trump’s early job performance on the economy, while 55 percent disapprove of his way of handling…
  • - NAIROBI, March 18 (Xinhua) — Kenya announced on Monday that it aims to increase its dairy exports to nine billion Kenyan shillings (about 69.5 million U.S. dollars) in 2025, up from 7.3 billion Kenyan shillings in 2023, as the country strengthens its position in the global dairy market. Genesio…
  • - WASHINGTON, March 17 (Xinhua) — U.S. retail sales edged up by 0.2 percent in February, weaker than expected, following a revised 1.2 percent decline in January, the U.S. Commerce Department reported on Monday. Advance estimates of U.S. retail and food services sales for February 2025, adjusted for…
  • - NAIROBI, March 17 (Xinhua) — Kenya and the International Monetary Fund (IMF) have resolved to begin formal talks on a new lending program, and the IMF will engage with the Kenyan authorities going forward, according to a statement issued on Monday. Led by Mission Chief Haimanot Teferra, an IMF team…
  • - PARIS, March 17 (Xinhua) — Global gross domestic product (GDP) growth is projected to moderate from 3.2 percent in 2024 to 3.1 percent in 2025 and 3.0 percent in 2026, the Organization for Economic Cooperation and Development (OECD) said on Monday in its latest Economic Outlook. According to the…
  • - NAIROBI, Kenya, Mar 17 – The Kenya Revenue Authority (KRA) engaged the private sector in a high-level roundtable to address tax challenges and explore solutions to enhance business competitiveness and investment growth. KRA Commissioner General Humphrey Wattanga reaffirmed the agency’s commitment…
  • - NAIROBI, Kenya, Mar 17 – UK drugmaker GlaxoSmithKline Limited (GSK) has rebranded to Haleon Kenya Limited, effective March 14, 2025. The rebrand comes after GSK transferred its consumer health business to Haleon to focus on innovative drugs. Haleon will now encompass consumer health brands…
  • - NEW DELHI, March 17 (Xinhua) — India’s wholesale price index (WPI) rose to 2.38 percent in February this year, data released by the Federal Ministry of Commerce and Industry Monday said. “Positive rate of inflation in February 2025 is primarily due to increase in prices of manufacture of food…
  • - NAIROBI, Kenya, Mar 17 – Kenya Airways (KQ) grew passengers flying from Nigeria using the airline by over 10,000 last year compared to a similar period in 2023. Ngamau Stephen, KQ America and West Africa Regional Manager, also told Punch, a Nigerian news publication, that the carrier increased the…
  • - NAIROBI, Kenya, Mar 17 – Kenya Airways (KQ) grew passengers flying from Nigeria using the airline by over 10,000 last year compared to a similar period in 2023. Ngamau Stephen, KQ America and West Africa Regional Manager, also told Punch, a Nigerian news publication, that the carrier increased the…
  • - NAIROBI, Kenya, Mar 17 – Google has opened applications for the 2025 edition of its Hustle Academy program, aimed at empowering small and medium-sized businesses (SMBs) across Kenya, Nigeria, and South Africa.  The program builds on the success of previous years, providing cutting-edge, AI-powered…
  • - MAR 17 – The stage is set for the biggest gathering of cybersecurity professionals in Africa, the second edition of the Africa CISO Summit. Slated for 19 & 20 March 2025 at Radisson Blu, Upper Hill, Nairobi, the summit will bring together CISOs, CIOs, Heads of IT, tech leaders, government…
  • - NAIROBI, Kenya, Mar 17 – Standard Chartered Bank Kenya will appeal a ruling by a Court of Appeal (CoA) that directed it to pay its former employees millions in retirement benefits. This comes after the lender lost an appeal case with its former workers recently at the CoA. “Standard Chartered Kenya…
  • - MAR 17 – Forever 21 could be a step closer to shutting down operations in the US after the brand’s operating company filed for bankruptcy protection. The firm said in a statement that its stores and website in the US will remain open as it “begins its process of winding down”. Forever 21 was once…
  • - By Sofia Radley-Searle,  MAR 17 – For decades, global health procurement – on which over six billion people depend – has mostly relied on one system: centralized multilateral institutions pooling donor funding to purchase and distribute medicines across low- and middle-income countries. While this…
  • - NAIROBI, Kenya, Mar 17 – The Government is grappling with a Sh1.68 billion funding shortfall required to pay the Confederation of African Football (CAF) for hosting rights, as escalating infrastructure demands put the Sports, Arts, and Social Development Fund (SASDF) under pressure. According to a…
  • - MAR 17 – Across the globe more and more Sports Utility Vehicles (SUVs) are being spotted on – and off – the roads. This is despite predictions from the United Nations of an inevitable pivot towards smaller and more environmentally friendly vehicles because of the urgency of the climate crisis and…
  • - JERUSALEM, March 16 (Xinhua) — United Airlines has resumed flights to Israel after a six-month suspension, becoming the first U.S. carrier to do so. Flight UA084 departed from Newark Liberty International Airport in New York on Saturday and landed at Ben Gurion Airport near Tel Aviv on Sunday. The…
  • - NAIROBI, Kenya, Mar 16  – Premier Bank CEO Osman Dualle has lauded the Kenyan Parliament for its role in shaping the nation’s economic future while advocating for ethical banking and innovative wealth management solutions. Speaking during a Parliamentary Iftar dinner hosted at the Parliament…
  • - WASHINGTON, March 15 (Xinhua) — Hundreds of staffers at Voice of America (VOA), Radio Free Asia, Radio Free Europe and other outlets received a weekend email that they will be barred from their offices and should surrender press passes and equipment, local media reported Saturday. The cuts followed…
  • - NAIROBI, Kenya, Mar 16 – The UNESCO Regional Office for Eastern Africa, in collaboration with the Kenyan government and Huawei, has launched the second phase of the DigiSchool Internet Connectivity Project at the Machakos Primary School for the Deaf. This is part of an education program under the…
  • - Nairobi, Kenya – Days after President William Ruto approved the refurbishment of Bomas of Kenya, a new report by the Liaison Committee has revealed that the State has yet to provide clear guidelines on how to kickstart the project. The committee’s Report on the Supplementary Estimates II for FY…
  • - MAR 15 – The US has averted a government shutdown after the Senate passed a Republican-led measure to keep the government funded for the next six months. The stopgap funding bill passed in the Senate 54-46, as two Democrats joined all but one Republican senator in voting yes. President Donald Trump…
  • - Nairobi, Kenya – The Kenya Revenue Authority (KRA) has launched three trade facilitation centres in Kainuk, Lodwar, and Kakuma to enhance cargo transit efficiency and strengthen regional trade along the Northern Corridor. The new hubs aim to ease trade flows between Kenya and South Sudan while…
  • - WASHINGTON, March 15 (Xinhua) — The administration of U.S. President Donald Trump is mulling new travel bans against 43 countries, including a possible pause of processing visa applications from Afghanistan, Iran and Syria, U.S. media reported Friday. U.S. diplomatic and security officials have…
  • - NAIROBI, Kenya Mar 15 – Kenyan insurance agents will soon be required to obtain a practicing certificate before selling insurance products under the Insurance Professionals Bill, 2024, which seeks to regulate professionals in the sector. The new bill before Parliament aims to streamline the…
  • - MAR 14 – Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs. Mr Musk is a close ally of the US president and is leading efforts to reduce the size of the federal government. But in an unsigned letter…
  • - MAR 14 – The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a global trade war. Spot gold touched a record $3,004.86 per ounce on Friday, with prices having risen by 14% since the start […]
  • - NAIROBI, Kenya, Mar 14 – Fuel prices will remain the same for the next one month after the Energy and Petroleum Regulatory Authority (EPRA) today maintained the prices stationary. In a statement, EPRA stated that petrol, diesel, and kerosene will retail at Sh176.58, Sh167.06, and Sh151.39,…
  • - NAIROBI, Kenya, Mar 14 – A Nairobi-based hospital is scheduled to have its medical equipment and vehicles auctioned due to unpaid rent, as detailed in a notice from Jogoo Road Motors Auction Yard. The auction is slated for Wednesday, March 19, 2025, at 10:30 AM, at the Jogoo Road Motors Auction…
  • - MAR 14 – The US may avert a looming government shutdown after a top Democrat said he would support a Republican funding bill to keep it open. Senate Minority Leader Chuck Schumer announced his reversal on Thursday, after vowing he and other Democrats would block the bill, which would fund the…
  • - MAR 14 – The UK economy shrank unexpectedly by 0.1% in January, with a slowdown in manufacturing one of the main reasons for the dip. The performance was weaker than expected, and came after the economy had grown by 0.4% in December. It will be seen as a blow to the government, which has said […]
  • - NAIROBI, Kenya, Mar 14 – Controller of Budget Margaret Nyakango has revealed inefficiencies in the use of public funds, particularly in travel and allowances, within the national government.  According to the “Ministries, Departments, and Agencies (MDAs) Recurrent Expenditure Analysis” for the…
  • - MAR 14 – Belgian police have raided several locations in the country as part of an investigation into corruption within the European Parliament. Prosecutors said the alleged corruption was “under the guise of commercial lobbying”, and that several people had been detained for questioning. According…