Business

24 May 2024 - Africa is becoming increasingly important in influencing global issues. This was the point emphasized by Russian President Vladimir Putin on Thursday. There are also plans by the Kremlin to increase its influence on the continent via the establishment…

24 May 2024 - Acorn taps $180m debt from US Development Finance corp.

24 May 2024 - A Tax Policy Perspective with Edna Gitachu, PwC Kenya Tax Policy Lead

24 May 2024 - NAIROBI, Kenya, May 24 – Traders of musical instruments have signed a Memorandum of Understanding (MoU) with the Anti-Counterfeit Authority (ACA) to curb the sale of counterfeit goods and the unethical professional conduct facing the industry. In their…

24 May 2024 - MOSCOW, May 23 (Xinhua) — Russian President Vladimir Putin signed a decree Thursday on the seizure of U.S. properties in response to the potential confiscation of Russian assets by the United States. According to the decree, the Russian Central Bank and…

24 May 2024 - NAIROBI, Kenya, May 24 – Wilfred Kiboro, who has been Chairman of the Family Bank for the last 12 years, is set to leave the bank. Kiboro joined the lender in 2012 and has been serving in the position since then. The current chair is credited with…

24 May 2024 - Wealthy African athletes are more than just sports stars; they are catalysts for change and development. Their success stories, investments, and philanthropic endeavors substantially contribute to the continent's socioeconomic development. As they…

24 May 2024 - The taxman has accumulated pending bills worth billions of shillings.

24 May 2024 - NAIROBI, Kenya May 23 – President William Ruto has secured $3.6 billion (Sh 477 billion) in funding from the United States to construct the 440-kilometer Nairobi-Mombasa Expressway, marking a major milestone for Kenya. This significant infrastructure…

24 May 2024 - Kenya's highways authority and U.S. infrastructure investment firm Everstrong Capital have inked a $3.6 billion deal to construct a 440 km (273 miles) highway connecting the capital city Nairobi to the port city of Mombasa.

24 May 2024 - The average team is now worth $2.3 billion, a 5.1% increase from a year ago—despite headwinds in TV rights across Europe. When Sir Jim Ratcliffe, the billionaire founder and CEO of the Ineos chemical group, bought 27.7% of Manchester United in February…

24 May 2024 - From the beginning of adoption of trust law in Kenya, individual trustees of the scheme had reduced from 15 to nine

24 May 2024 - NAIROBI, Kenya, May 24 – The Kenya Revenue Authority (KRA) is now pushing for its budget allocations to be capped at a minimum of 2 percent of total targeted revenue collection in every financial year. KRA Commissioner General Humphrey Wattanga told the…

24 May 2024 - DAR ES SALAAM, May 23 (Xinhua) — Three foreigners from Brazil, Kenya and India and eight Tanzanian technicians were killed, and two others were seriously injured early Thursday in an explosion at a sugar factory in Morogoro Region of eastern Tanzania, a…

24 May 2024 - Global private sector financier reveals plans to top up the debt.

24 May 2024 - NAIROBI, Kenya, May 24 – The Energy and Petroleum Regulatory Authority (EPRA) has announced plans to tighten regulations on the opening of new LPG brands to enhance consumer safety. EPRA’s Petroleum and Gas Director, Edward Kinyua, emphasized that…

24 May 2024 - Kirui was found lifeless on Thursday morning in Mt Everest 'death zone', the area above 8,000 metres.

24 May 2024 - Kenya will have its first nuclear power plant up and running by 2035. A site for construction has been identified along the coastal belt, with feasibility studies ongoing. 

24 May 2024 - Local private investors will be given a chance to participate in the financing of the Sh472.9 billion expressway from Mombasa to Nairobi.

24 May 2024 - Maarten Brouwer, the outgoing Netherlands Ambassador to Kenya, has left the building, possibly even the country.

24 May 2024 - Manufacturers have asked the government to remove the condition for using discounted electricity tariffs at night.

24 May 2024 - KRA has accumulated pending bills of Sh9.45 billion, with the bulk owed to Sicpa SA.

24 May 2024 - Tomato prices have surged by as much as 50 percent after the heavy rains.

24 May 2024 - The Business Daily sat down with Matthias Gillner, the chairperson of the Hilti Foundation.

24 May 2024 - Newly recruited domestic workers in Saudi Arabia, will from July get salaries through registered banks and digital channels.

24 May 2024 - President William Ruto and Joe Biden on Thursday announced a raft of multibillion-shilling new investment deals in Kenya.

24 May 2024 - Kenya is in talks to end the electricity exchange agreement with Uganda.

24 May 2024 - The country is courting Rwanda for more exports after after Uganda opted to import its own.

24 May 2024 - Unit trusts or collective investment schemes added Sh10.3 billion in assets in the first three months of the year.

24 May 2024 - In President William Ruto’s view, the notion that Kenyans are overtaxed is a big myth.

24 May 2024 - The Business Registration Service has assumed registration of trusts under a new law.

24 May 2024 - Healthcare is a basic need.

24 May 2024 - In respect of SGR, electrification should be done all the way from Mombasa to Uganda and beyond.

24 May 2024 - There is a gem of an art exhibition that has been continuing all this past week at Spinners Web.

24 May 2024 - Africa Day is marked on May 25th as the anniversary of the formation of the Organisation of African Unity.

24 May 2024 - Some 22 Kenyan students have received scholarships worth Sh997 million by North American universities.

24 May 2024 - It was pure coincidence that two of our favourite comedy theatre companies staged shows this past weekend.

24 May 2024 - You just know you are out of your depth when you find yourself in a club where the rasta deejay wears sunglasses the whole time.

24 May 2024 - A lot has been written about the warehouse receipt system (WRS).

23 May 2024 - EACC has seized two homes in Runda and three apartments in Kilimani belonging to Jimmy Kiamba.

23 May 2024 - Experts warn that increased taxes on money transfers will push away taxpayers. Bankers say proposed levies would put more financial burden on customers.

23 May 2024 - If a new Bill is passed the government entities will become limited private companies. Last year, President Ruto said the government would privatise 35 state companies.

23 May 2024 - Affordable housing, however, while being an area of interest for almost a decade due to the Government's push, appears not to be as vibrant as other asset classes.

23 May 2024 - In an era where the boundaries between work and personal life are increasingly blurred, a new trend is emerging, shifting the way we approach our daily grind and overall productivity. The trend, known as ‘chronoworking’, marries the concepts of time (‘…

23 May 2024 - Private infrastructure investment has significant potential to remedy infrastructure deficits in low- and middle-income countries, notably in Africa. This is why it has been an area of focus for international investors trying to enter the African market…

23 May 2024 - NCBA Bank Kenya, one of the country’s largest lenders, kicked off earnings season with a 5% rise after posting Ksh5.3 billion profit after tax in the 1Q of 2024. In the first three months to this March, most metrics of its businesses were solid as it…

23 May 2024 - Multiple-launch rocket systems are important artilleries any military can boast, including in Africa. These advanced and potent weapon systems provide important operational and strategic advantages when tackling anything from insurgency to territory…

23 May 2024 - In the 1980s, manufacturing in Kenya was such a big deal that the government of Daniel arap Moi dared to join the league of automakers.

23 May 2024 - African startups fell by around 27 percent in 2023, while the number of investors dropped by half.

23 May 2024 - I&M Group has posted a 30.9 percent jump in net profit to Sh3.32 billion in the first quarter of trading ended March 2024 on increased interest income.