Business

23 May 2024 - NAIROBI, Kenya, May 23 – I&M Group profit after tax grew by 33.3 percent to Sh3.6 billion in the three months to March this year compared to a similar period on improved interest and operating revenues. In a similar period in January and March 2023…

23 May 2024 - NAIROBI, Kenya, MAy 23 – Japanese pain manufacturer Kansai Coatings Kenya has entered into Members’ Voluntary Liquidation, a less costly process of terminating a firm that is about to wind up operation.  Kansai says the decision was formalized during an…

23 May 2024 - In its proposals the taxman says Sh57 billion allocation will be required to meet its goals.

23 May 2024 - KIGALI, May 23 (Xinhua) — The International Monetary Fund (IMF) on Wednesday announced the approval of 164.6 million U.S. dollars in funding for Rwanda to strengthen its economic resilience against future climate shocks. The package includes 76.2…

23 May 2024 - Ruto will be celebrated at a dinner lit by 1,000 candles.

23 May 2024 - The CEO, Daniel Kamau, has been picked as his alternate representative

23 May 2024 - U.S. President Joe Biden is likely to officially recognize Kenya as a major non-NATO ally during Kenyan President William Ruto's three-day state visit to the United States this week.

23 May 2024 - IFC reveals plans to top up the debt ($157.4 million) and equity investment ($100 million for a 7.25 percent stake) it already injected into the telco last year.

23 May 2024 - Niger has decided to keep its borders with Benin closed. This is despite the fact that a bilateral road transport deal between Niger and Benin had in the past been established. Niger’s rationale for the closure relates to security concerns, specifically…

23 May 2024 - The United Nations Development Programme Africa (UNDP Africa) will host a high-level panel discussion on credit rating in partnership with Africatalyst.

23 May 2024 - Kenya's President William Ruto poses for a picture with US President Joe Biden at the South Portico of the White House in Washington DC, US on May 22, 2024.

23 May 2024 - Campaign fever has hit the Mount Kenya region as contestants seeking top leadership positions in the tea sector seek support of residents.

23 May 2024 - MAY 23 – I have never before heard of pegging an election launch to a set of economic statistics, but Prime Minister Rishi Sunak has clearly decided to go for an election on the back of Wednesday’s inflation figures, and the stronger than expected exit…

23 May 2024 - Mobile loan apps using AI and machine learning to profile customers using their data before approving or rejecting loan requests.

23 May 2024 - Airport hotels have become important parts of global travel infrastructure, serving the needs of business travellers, tourists, and airline crews.

23 May 2024 - NCBA follows the trend of increased earnings by tier I lenders, including KCB, Equity and Co-op Bank.

23 May 2024 - NAIROBI, Kenya, May 23 – Energy and Petroleum Cabinet Secretary Davis Chirchir and the European Commissioner for Energy Kadri Simson launched the Kenya Green Resilient Electricity System Programme during the International Energy Agency’s (IEA) 9th…

23 May 2024 - NAIROBI, Kenya, May 23 – Huawei Kenya plans to recruit 30 Kenyan university students through job and internship offers under its graduate trainee program. The Huawei Management Trainee Program (HMTP), an annual Huawei global flagship program that…

23 May 2024 - NAIROBI, Kenya, May 23 – Kenya Power is calling for a total ban on copper exports to curb rampant vandalism of power infrastructure. The utility company is also advocating for stringent action against rogue scrap metal traders. Its CEO and MD, Joseph…

23 May 2024 - HANOI, May 23 (Xinhua) — Intra-region travel remains a dominant trend among Vietnamese travelers, with 64.4 percent of Vietnamese tourists opting for nearby destinations within Asia for their next journeys, according to a report of Outbox Company, a…

23 May 2024 - Prior to joining Jubilee, he was the General Manager, Commercial and Operations at ICEA LION Life.

23 May 2024 - Kirui's body was discovered by a rescue team a few metres below the summit point of The Everest.

23 May 2024 - The development phase is quite costly and can take time. Many landowners in Kenya end up holding on to valuable but unutilised land that does not earn them any money in their entire lifetime. With the Vuka Investment Club, for example, you can start…

23 May 2024 - TOKYO, May 23 (Xinhua) — The wingtips of two Japan Airlines (JAL) passenger planes collided at Tokyo’s Haneda Airport on Thursday morning, local media reported. JAL said the incident occurred at around 7:30 a.m. local time. Both aircraft sustained…

23 May 2024 - NAIROBI, Kenya, May 23 – The Retirement Benefits Authority (RBA) has urged corporate trustees to register with the authority as the deadline approaches. Charles Machira, the retirement authority Chief Executive Officer (CEO), said as part of its…

23 May 2024 - By Gituku Kirika NAIROBI, Kenya, May 23 – Digitisation will deliver a big chunk of Kenya’s economic and social gains over the next decade. But, for the transformation to happen more affordably and quickly, we need robust and open digital infrastructure…

23 May 2024 - NAIROBI, Kenya, May 23 – Low-cost carrier Jambojet will launch its first flight connecting Mombasa and Zanzibar on July 1, 2024. The subsidiary of Kenya Airways will operate four non-stop flights per week, with plans to increase the number to six.…

23 May 2024 - NAIROBI, Kenya, May 23 – KPMG is set to hold its 2024 Private Enterprise Africa Venture Summit in June 2024 in Nairobi. The two-day event, which will happened between June 10 and 11, will bring together investors, entrepreneurs, policymakers, and…

23 May 2024 - U.S. President Joe Biden announced plans for an official visit to Africa in February, following the U.S. presidential election, assuming he will defeat Donald Trump.

23 May 2024 - Kenya would be the first Sub-Saharan African country to receive the designation.

23 May 2024 - MAY 23 – The use of artificial intelligence (AI) at easyJet’s new control centre has allowed its operations teams to better manage flights, the airline said. Personnel based at the integrated control centre near Luton Airport, Bedfordshire, have access…

23 May 2024 - NAIROBI, Kenya, May 23 – KCB Group net profit in the three months to March this year expanded by nearly 70 percent to Sh16.5 billion compared to a similar period in 2023, buoyed by improved incomes from regional subsidiaries. Between January and March…

23 May 2024 - Mr Kirui's body was discovered by a rescue team a few metres below the summit point of the mountain.

23 May 2024 - The lender's Q1 results show net profits almost doubled to Sh16.5 billion from Sh9.8 billion in Q1 of 2022.

23 May 2024 - Steps to revitalise Kenya's special economic zones to maximise their potential began mid-last year when the Finance Act 2023 was passed.

23 May 2024 - Kenya had the least number of investment commitments as well as the privately funded projects

23 May 2024 - The journey will cover 55 minutes each way.

23 May 2024 - The famous American movie mogul Tyler Perry has expressed remorse for failing to receive the President of Kenya, William Ruto during his visit to Perry’s studio. On Tuesday the Kenyan President had a tour of the Tyler Perry Studio accompanied by members…

23 May 2024 - France and Germany have toppled China in budgeted loans from rich countries for the new year starting July.

23 May 2024 - Expenditures fly in the face of austerity measures announced by the government.

23 May 2024 - The State House and the President withdrew nearly Sh900 million more than the budget for the nine-month period ended March 2024.

23 May 2024 - Seven out of 10 households in Kenya’s capital Nairobi are low-income earners.

23 May 2024 - Cement clinker imports plummeted by 77.4 percent last year.

23 May 2024 - After retired banker Susan Gichia and her husband bought land in Kiserian, about 25 kilometres from Nairobi, it lay idle for 10 years.

23 May 2024 - Kenya Power lost 365 transformers due to vandalism in 2023.

23 May 2024 - More than one million share accounts that were frozen in 2019 after being dormant have been freed back to the stock market.

23 May 2024 - Wealthy Kenyans, traders, and businesses took a Sh98.9 billion hit as the value of foreign currency deposits plunged.

23 May 2024 - The irrigation department has accumulated Sh18.6 billion pending bills that contractors and lawyers among others are demanding.

23 May 2024 - Last year alone, Kenya exported copper waste and scrap worth Sh6.7 billion.

23 May 2024 - There are very few life situations that Maina Munene can't laugh about.