Business

26 March 2025 - By Nzola Miranda As artificial intelligence (AI) continues to advance and transform various industries, a prevailing concern has arisen: Will AI render human labour obsolete? Reports highlighting automation, robotic workers, and self-driving vehicles…

26 March 2025 - Kenya’s boda boda riders, a crucial force in the country’s mobility and delivery sector, continue to face significant financial risks due to inadequate insurance coverage.

26 March 2025 - Kenya's production rises by five per cent to 76,758 tonnes from 73,019 in January.

26 March 2025 - Kenyans are borrowing an average of Ksh.500 million daily, amounting to Ksh.15 billion monthly, a new report by the Digital Financial Services Association of Kenya (DFSAK), has revealed.

25 March 2025 - Beyond textiles, Agoa has facilitated Kenya’s access to the US market for horticultural products, including flowers, nuts, and coffee.

25 March 2025 - NAIROBI, Kenya, Mar 25 – NCBA Group mobile loans grew by 23 percent to Sh1 trillion in the 2024 fiscal year compared to a similar period in 2023, boosted by a financial inclusion campaign that reached over 60 million users. An increase in digital…

25 March 2025 - Kakuzi’s sales fell by 11.3 percent to Sh4.79 billion due to lower volumes of avocado exports, which declined to 2.22 million cartons from 3.07 million cartons exported the previous year.

25 March 2025 - Agriculture contributes more than 22 percent to the gross domestic product, accounting for about 70 percent of rural employment and an overall 25 percent of the labour force.

25 March 2025 - Just two years ago, opening a Central Depository System (CDS) account to invest in government securities was a daunting task.

25 March 2025 - Expanding the tax base by ensuring everyone pays their fair share will help reduce the tax burden on currently compliant taxpayers, particularly salaried Kenyans.

25 March 2025 - CBK in the August 19, 2024 letter to CMA questioned the deals on the bond transaction through the NSSF CSD accounts and those of Mr Humphrey Wachira Gichuru and Pergamon Investment Bank Ltd.

25 March 2025 - The record-high net returns mark the airline's first full year of profits in 12 years.

25 March 2025 - The improved payout has come on the back of the net profit rising 2.2 times to Sh1.37 billion from Sh631 million paid a year earlier.

25 March 2025 - The margin increases are meant to benefit oil marketers and fuel transporters.

25 March 2025 - Donald Trump ceased disbursements from USAID, one of Africa's main foreign aid funders, on January 20, 2025. Given that the U.S. is one of the largest aid donors in the world, the move begs the question of what is next, particularly for Africa.

25 March 2025 - The survey also lists other external risks such as macroeconomic volatility and geopolitical conflicts as notable threats worrying CEOs in the country.

25 March 2025 - NAIROBI, Kenya Mar 25 – The Central Bank of Kenya (CBK) has warned commercial banks against failing to lower interest rates in line with monetary policy adjustments under the Risk-Based Credit Pricing Model (RBCPM). Appearing before the National…

25 March 2025 - As good as the approach may sound, the challenge is to find ways of making it work effectively, optimally and sustainably.

25 March 2025 - Government debt remains a pressing economic challenge for many African nations, with some countries grappling with alarmingly high debt-to-GDP ratios.

25 March 2025 - With the cost of entry reportedly five times higher than the EB-5 immigrant investor visa program, and with historically low African participation in investor visas, President Donald Trump’s gold card may struggle to find buyers from Africa. With…

25 March 2025 - Nigeria's Trans Niger oil pipeline is now fully restored and operating normally after last week's blast.

25 March 2025 - In a 2023 World Bank study, 41 percent of African gig workers earn less than $3.10/day, which is the international poverty threshold.

25 March 2025 - NAIROBI, Kenya, Mar 25 – The cost of living in Kenya is escalating as maize prices surge by 45%, hitting Sh4,800 per bag since January, with projections reaching Sh5,500 by April. The spike threatens food security, with ugali, the nation’s staple,…

25 March 2025 - Nigeria, as Africa’s largest economy, maintains a diverse and dynamic import market driven by its need for essential commodities, industrial materials, and consumer goods.

25 March 2025 - Topline DeepSeek released an upgrade to its large language model this week, an update the company said featured “significant improvements” over its predecessor as the China-based startup appeared to escalate its rivalry with OpenAI and other U.S.…

25 March 2025 - There are thousands of initiatives globally that go by the moniker. They vary in size and scope because every town has its own character, challenges and opportunities.

25 March 2025 - By various estimates, a prolonged trade war could detract from US growth by between 0.5 percent- 0.75 percent, and add close to 50bps to inflation.

25 March 2025 - L’Oreal East Africa recently learnt that line between face wash and soap can mean the difference between paying more or less tax.

25 March 2025 - Kenya Airways announced on Tuesday that it recorded a pretax profit in 2024, marking its first positive earnings in more than a decade.

25 March 2025 - In the wake of the United States' recent halting of all foreign assistance through USAID, of which Kenya was a beneficiary, Treasury Cabinet Secretary John Mbadi says they anticipate a similar move from the European Union (EU).

25 March 2025 - ADDIS ABABA, March 25 (Xinhua) — The Ethiopian government is set to finalize its World Trade Organization (WTO) accession process in March 2026, the state-run Ethiopian News Agency reported Monday. Ethiopia plans to conclude its WTO accession process…

25 March 2025 - NAIROBI, Kenya, Mar 25 – Kenya Airways (KQ) posted a Sh5.4 billion profit after tax for the full year ending December last year, an improvement from a loss of Sh22.6 billion reported during a similar period in 2023. The national carrier attributed…

25 March 2025 - A passport's strength significantly influences a citizen’s ability to travel freely without requiring a visa.

25 March 2025 - The strength of a passport greatly determines a citizen’s ability to travel freely across international borders.

25 March 2025 - NAIROBI, Kenya, Mar 25 – Kenyans are borrowing Sh500 million daily from digital lenders such as Tala and M-Kopa, among others, a new report shows, highlighting the crucial role online lenders play in the country. With over 8 million Kenyans, or about…

25 March 2025 - MAR 25 – China has released five staff members of US due diligence firm Mintz Group, two years after they were detained as part of a crackdown on consulting firms working with foreign businesses. Their detention in March 2023 came at a time of…

25 March 2025 - NAIROBI, Kenya, Mar 25 – The Ministry of Agriculture and Livestock Development has declared a zero-tolerance policy on False Codling Moth (FCM), vowing full compliance with stringent European Union (EU) regulations to protect Kenya’s multi-billion-…

25 March 2025 - Newton Kagira has been allowed by the Court of Appeal to revive the case.

25 March 2025 - Ghana and Morocco have reached a landmark agreement to waive visa requirements for travellers from both countries, a move expected to enhance diplomatic relations and foster economic cooperation.

25 March 2025 - East Africa in recent months has been home to several bloody conflicts including the devastating fight between the Democratic Republic of Congo (DRC) and M23 rebels. There is also the Sudanese war and tensions between Ethiopia and Eritrea. Despite…

25 March 2025 - There is an imminent civil war brewing in the world's youngest country, South Sudan following a rapidly escalating crisis between rival groups.

25 March 2025 - In recent years, Africa has seen an influx of foreign partnerships from countries looking to gain a strategic advantage on the global stage. Among countries like the US and Russia, India also seems to be on the hunt for Africa’s cooperation.

25 March 2025 - MOGADISHU, March 25 (Xinhua) — Somalia officially became the 53rd member of the African Export-Import Bank (Afreximbank) on Monday, as the East African country seeks to boost intra-African trade and economic growth. The African multilateral financial…

25 March 2025 - NAIROBI, Kenya, Mar 25 – ICT Cabinet Secretary William Kabogo has raised alarm over the growing threat of electronic waste in East Africa, calling for urgent measures to tackle what he termed a ticking environmental time bomb. Speaking at the opening…

25 March 2025 - Missed disbursements from the International Monetary Fund complicate the Kenyan government's strategy of lowering its debt-servicing costs and could delay other funding.

25 March 2025 - IEBC chairperson vetting continues, with Francis Kakai Kissinger now being interviewed

25 March 2025 - MAR 25 – Chinese electric vehicle maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla. The Shenzhen-based firm says revenue rose by 29% to come in at 777 billion yuan ($107bn; £83bn), boosted by sales of its hybrid vehicles…

25 March 2025 - NAIROBI, Kenya, Mar 25 – KCB Group has acquired a majority shareholding in Riverbank Solutions, a fintech firm associated with former Football Kenya Federation President Nick Mwendwa. The deal, which was signed yesterday, will see the Kenyan lender…

25 March 2025 - MAR 25 – South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US just days before President Donald Trump is set to impose new tariffs on trading partners. The plan includes a new $5.8bn steel plant in the southern…

25 March 2025 - BOAO, Hainan, March 25 (Xinhua) — The weighted real GDP growth rate of Asia is projected to reach 4.5 percent in 2025, an increase from 4.4 percent in 2024, according to a report released by the Boao Forum for Asia Tuesday. “Despite increasing global…