Business

12 June 2025 - SEOUL, June 12 (Xinhua) — South Korea’s tax revenue rose for the first four months of this year on higher corporate and income taxes, government data showed Thursday. Tax revenue ran to 142.2 trillion won (104.7 billion U.S. dollars) in the January-…

12 June 2025 - Topline An Air India plane with more than 200 passengers on board crashed near the Ahmedabad airport in the state of Gujarat in Western India on Thursday shortly after takeoff. Key Facts According to a statement released by Air India, Flight AI171…

12 June 2025 - NAIROBI, Kenya, June 12 – The COMESA Competition Commission (CCC) and the East African Community Competition Authority (EACCA) have signed a Memorandum of Understanding (MoU) to strengthen cross-border consumer protection and market competition. The…

12 June 2025 - As revealed in the National Road Safety Action Plan, all drivers in Kenya will be required to transition to the new driver's license (smart license) within 3 years.

12 June 2025 - DHL Group plans to invest around €500 million ($575 million) in healthcare infrastructure across Africa and the Middle East over the next five years.

12 June 2025 - JUNE 12 – The UK economy shrank by more than expected in April as taxes increased for businesses, household bills jumped and exports to the US plunged. The economy contracted by 0.3%, more than the 0.1% fall predicted by economists. In April, employers…

12 June 2025 - NAIROBI, Kenya, Jun 11 – Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has warned that powerful pesticide cartels are actively sabotaging government efforts to eliminate harmful agrochemicals and enforce food safety standards.…

12 June 2025 - Russia has set a new global benchmark in grain exports by delivering over 10 million tons of wheat to Egypt in 2024, an unprecedented volume that underscores Moscow’s expanding influence in global food supply chains and its deepening trade ties with…

12 June 2025 - Treasury Cabinet Secretary John Mbadi is today expected to present the 2025/2026 budget at Parliament buildings in Nairobi.

12 June 2025 - JUNE 11 – Talks aimed at cooling tensions between the US and China have ended in a “deal”, according to US President Donald Trump. He said China had agreed to supply US companies with magnets and rare earth metals, while the US would walk back its…

12 June 2025 - NAIROBI, June 12 (Xinhua) — Kenya’s tea production declined by 18.8 percent in the first quarter of 2025 due to unfavorable weather conditions, the Tea Board of Kenya (TBK) said on Wednesday. According to a report released by the TBK, the country…

12 June 2025 -   NAIROBI, Kenya, June 11 – Novotel Nairobi Westlands is set to celebrate Father’s Day 2025 in style with a themed brunch titled “Honour the Bond That’s as Strong as the Flavour” on Sunday, June 15. The event promises a family-friendly day of…

12 June 2025 - Hello and welcome to the Money News Roundup Newsletter, where we’re zooming in on the Ksh4.29 trillion budget that CS Mbadi is set to present in Parliament today.

12 June 2025 - Growing number of illegal bank accounts operated by counties impedes tracking of public expenditure.

12 June 2025 - The Kenyan elite among the main investors on the island.

12 June 2025 - 'They’re already snooping on Kenyans. The Bill seeks to regularise an illegality already in force.' - Justin Muturi

12 June 2025 - Ministry of Defence among biggest winners in Sh4.2 trillion budget for 2025/26 financial year.

12 June 2025 - For the sixth consecutive time, the Central Bank has lowered the base lending rate to unlock credit to the private sector. The Monetary Policy Committee made the decision based on the economic environment, noting that there was scope for further…

11 June 2025 - As phone chats become routine on trains, personal conversations spill over in cafes and workplace discussions echo through open-plan offices; discussions which were once considered private are increasingly becoming public. One of the downsides is that…

11 June 2025 - NAIROBI, Kenya, June 11 – Binance and the Virtual Assets Chamber (VAC) have welcomed Kenya’s progress on digital asset regulation, urging tax policies that foster innovation and growth. At a joint press briefing in Nairobi, Binance’s Head of Legal for…

11 June 2025 - Mbadi said the fear of protests forced the abandonment of aggressive tax hikes amid the pressure to raise additional revenues from tax cheats.

11 June 2025 - NAIROBI, Kenya, June 11 – Kenya’s Madaraka Express marked its 8th anniversary with a renewed focus on expanding cargo and passenger transport, reinforcing its role in powering economic growth. Kenya Railways MD Philip Mainga said cargo volumes on the…

11 June 2025 - Kenya’s debt has quadrupled in the last 10 years to Sh11.35 trillion (70 percent of GDP) in March from Sh2.84 trillion (49.75 percent of GDP) in June 2015 with debt repayments starving other...

11 June 2025 - Some Kenyans have left the corporate world to embrace farming, and for them, returning to employment is not an option.

11 June 2025 - The cuts on secondary education funding include Sh3 billion spending towards capitation, a Sh2 billion cut in Junior Secondary School funding and Sh250 million cut in ICT integration projects in...

11 June 2025 - KPC is a 100 percent owned by the government, while taxpayers control a 35 percent shareholding in Safaricom worth nearly Sh334.44 billion after selling a 25 percent stake to investors via an...

11 June 2025 - Meat on the bone is KMC’s highest-selling product, followed by carcasses and then canned corned beef.

11 June 2025 - 'Last year’s process was marked by some bit of arrogance from the National Assembly. We processed the Finance Bill without taking the views of Kenyans who were opposed to its punitive taxation...

11 June 2025 - The everyday commute has turned into a slow-moving nightmare in many African cities. Long periods stuck in traffic are now the rule, whether traveling from Lagos to Nairobi, Johannesburg to Cairo.

11 June 2025 - The system shall be hosted, administered, and maintained by Treasury.

11 June 2025 - Zimbabwe will ban the export of lithium concentrates starting January 2027, as part of a broader strategy to boost local value addition in the mining sector.

11 June 2025 - Jambojet’s accumulated tax losses stood at Sh3.26 billion in 2022.

11 June 2025 - MTN’s shares are currently trading at 269 Ugandan shillings (Sh9.67), having gained from the 2021 initial public offering (IPO) price of 200 shillings (Sh7.19).

11 June 2025 - Consolidated Bank has been in the red for the last 9 years with losses wiping out its core capital to negative Sh731 million at the end of December 2024.

11 June 2025 - People had quit jobs to work on it. Suppliers had hired. Partners had scaled. And then—cancelled. No explanation. No accountability. Just silence.

11 June 2025 - A new regulation in Burkina Faso will allow the country to earn more from its gold resources by increasing the government’s ownership in major mining projects from 10% to 15%

11 June 2025 - While still relatively underutilised in the country, M&A offers a structured path for companies to restructure debt, preserve operations, and protect stakeholder interests.

11 June 2025 - SMEs are vital engines of economic growth, fostering job creation, localised innovation, and community development.

11 June 2025 - The AI watermark is a unique, imperceptible signal or pattern embedded into content created by an AI to establish its origin and source. Images, text, audio, video are watermarked by different AI models and companies to make them easier to detect.…

11 June 2025 - Treasury Cabinet Secretary John Mbadi has defended the government’s move to give the Kenya Revenue Authority (KRA) powers to access the personal and financial data of businesses’ customers.

11 June 2025 - KILIFI, Kenya, June 10 – Family Bank has opened its 96th branch in Kilifi County, marking its 9th outlet in the coastal region as part of efforts to deepen financial access and support SMEs. Located at Kilifi Plaza, the branch will offer a full suite…

11 June 2025 - CBK Governor Kamau Thugge said that the government will take advantage of the IMF’s regular health check of member countries.

11 June 2025 - JUNE 11 – Delhi is “hopeful” of reaching a trade agreement with the US before the 90-day pause on reciprocal tariffs ends on 9 July, India’s foreign minister has said. In an interview with French daily Le Figaro on Tuesday, S Jaishankar, who is on a…

11 June 2025 - NAIROBI, Kenya, June 11 – The Central Bank of Kenya (CBK) expects commercial banks to continue lowering their lending rates following its decision on Tuesday to cut the Central Bank Rate (CBR) by 25 basis points, bringing it down from 10 percent to 9.…

11 June 2025 - NAIROBI, Kenya, June 11 – The Central Bank of Kenya (CBK) has confirmed that Kenya will begin discussions with the International Monetary Fund (IMF) in September over a new funding arrangement and an Article IV consultation. The move signals the…

11 June 2025 - NAIROBI, Kenya, June 11 – Konza Technopolis has unveiled an $8 million pneumatic waste collection system by Envac, boosting its green and digital transformation efforts. The system, implemented by Italian firm ICM S.p.A., will serve over 30,000…

11 June 2025 - JOHANNESBURG, South Africa, June 11 – SEACOM has appointed Kevin Kaburu as Managing Director for its Digital Infrastructure division in East Africa and the Middle East, effective June 1, 2025. Kaburu brings over 15 years of experience from China Mobile…

11 June 2025 - China has announced plans to offer zero-tariff treatment to all 53 African countries with which it maintains diplomatic ties.

11 June 2025 - Barely a year ago, the president of Kenya, William Ruto, experienced firsthand the pressure of discontent from the Kenyan people, which, via a highly resonant demonstration, called for the resignation of the head of state, under the call 'Ruto must go…

11 June 2025 - 47 percent of businesses claim that positive customer experiences lead to higher revenue.