Business

16 May 2024 - Digital credit providers have raised concerns over the increasing indebtedness in the country, which has been occasioned by the harsh economic times.

16 May 2024 - Co-op Bank Group Chief Executive Gideon Muriuki said the bank with 195 outlets has managed to strike a healthy balance between investments in brick-and-mortar and staff growth.

16 May 2024 - According to the latest report from the Organization of the Petroleum Exporting Countries (OPEC), the global oil demand forecast 2024 remains unchanged. Most African OPEC members, according to secondary sources saw a decline in the amount of oil…

16 May 2024 - M-PESA Foundation has invested Ksh77 million towards free medical camps targeting 12 counties.

16 May 2024 - TOKYO, May 16 (Xinhua) — Japan’s economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, latest GDP figures showed Thursday. Real…

16 May 2024 - NAIROBI, Kenya, May 15 – Tech industry leaders and CEOs from top Kenyan companies will represent Kenya at this year’s Africa CEO Forum in Kigali, Rwanda. Leading the pack are mTek’s Bente Krogmann, Kaushik Burman of Spiro, Jesse Moore from M-Kopa, Ian…

16 May 2024 - Effective boundary marking techniques such as above-ground pegs, underground markers, pathways or natural features ensure clarity and minimise disputes.

16 May 2024 - Latest data shows numbers have reduced from about 71 ships in Dec last year, to lows of 30 this month

16 May 2024 - As the investment landscape continues to evolve, Gen Z investors are likely to play a significant role in shaping the future of finance with their innovative and socially conscious investment strategies.

16 May 2024 - The move comes after complaints of exploitation, especially in boda boda sector

16 May 2024 - The IMF-backed restructuring could see at least 20 chief executives lose their plum jobs.

16 May 2024 - The IMF-backed restructuring could see at least 20 chief executives lose their plum jobs.

16 May 2024 - Without a budget allocation for the pending bills, more than Sh530 billion that is yet to be confirmed is at risk of not being honoured in the next financial year.

16 May 2024 - CBK could soon control borrowing costs in hire-purchase deals in fresh proposals that would expand the banking regulator's mandate.

16 May 2024 - Newest 'architects of swag' in town carve niche in Kenya's grooming market, eying young moneyed men with impeccable tastes.

16 May 2024 - Kenya’s improving rankings, however, come at a time when e-commerce companies continue to make big losses that have driven some out of the market.

16 May 2024 - “We went for a unique investment angle - high-net-worth Kenyans. We convinced them and secured funding."

16 May 2024 - The injection contributed to the rise in SBM Bank Kenya’s total capital to Sh8.8 billion at the end of last year.

16 May 2024 - Next year the government says it’s looking to reduce the budget deficit to 3.1 percent of the GDP.

16 May 2024 - Internet subscriptions grew from 41.1 million to 49.36 million in the five years.

16 May 2024 - Currently the taxman only has 14 old scanners which are outdated and are facing obsolesce

16 May 2024 - Dessra, which had a 100-vehicle fleet before the latest purchases, said the additional 40 trucks fits with the company’s expansion into new markets.

16 May 2024 - KRA will have 90 days to respond to an objection lodged by the taxpayer against a tax decision.

16 May 2024 - City Hall raised Sh9.34 billion, a 32 percent jump from Sh7.12 billion in similar period last year.

16 May 2024 - 'As a leader, you don't have the answeres; your workforce [does], your people [do].'

16 May 2024 - The remedies you have are many. One is to report the issue to the police as a crime. The crime in this case is fraud or obtaining money under false pretences.

16 May 2024 - PANG now has 129 assigned frequencies, an increase from 125, extending its lead as the broadcaster with the highest number of frequencies in the country.

16 May 2024 - Kenya Maritime Authority (KMA) has put on ice a plan by the Mombasa County government that would have seen the devolved unit collect millions from ships for waste collection.

16 May 2024 - The government should also ensure that all housing agents have business offices, registered firms, operational contacts and valid business licenses.

16 May 2024 - The cost of doing business through the port of Mombasa is set to reduce following the introduction of Viaservice Container Solution (VCS) to replace the punitive container deposits.

16 May 2024 - The Finance Bill 2024 has proposed the deletion of Section 54 of the Affordable Housing Act streamlining disposal of units acquired through the programme.

16 May 2024 - In the face of escalating living expenses and the ongoing introduction of new taxes and levies, the current economic climate in Kenya is becoming increasingly challenging.

16 May 2024 - The government should conduct rapid assessments of crop damage and provide targeted support to farmers to rehabilitate their land.

16 May 2024 - Investing in resilient infrastructure, green spaces, and disaster management systems is no longer a choice but a necessity.

16 May 2024 - African governments need to be deliberate in fastening and adopting changes as outlined in the next phase of protocols implementation

15 May 2024 - FX Pesa Senior Account Manager Jesse Ogola said financial literacy is not well entrenched in Kenya.

15 May 2024 - Analysts says that Treasury should have considered outcomes of Finance Act, 2023.

15 May 2024 - Equity Group chief executive James Mwangi took home an annual compensation of Sh158.8 million.

15 May 2024 - CAIRO, May 15 (Xinhua) — Egypt has received 14 billion U.S. dollars from the United Arab Emirates (UAE) as the second payment of a 35-billion-dollar investment deal signed in February to develop Ras Al-Hekma, a new resort city on Egypt’s northern coast…

15 May 2024 - NAIROBI, Kenya, May 15 – In the bustling landscape of distilled beverages, African Originals stands out as a beacon of innovation and cultural celebration. At its helm is John Mwangi, a visionary leader whose story encapsulates the brand’s dedication to…

15 May 2024 - There’s mythology and mystery in the mix as gaming developers tap into the rich history of Africa telling stories that go way back in time. The African gaming market sits on the cusp of global potential as studios shake up Western foundations with…

15 May 2024 - A telecommunications firm Adrian Kenya Limited wants the Central Bank of Kenya to investigate American lender Citi Bank's Nairobi-based subsidiary.

15 May 2024 - Russia continues to advocate for the partnership of African countries, noting that Africa’s value is immense. A Russian official recently made these sentiments clear, highlighting that Russia has come to look at Africa as an invaluable ally. This is…

15 May 2024 - The pump price for Super petrol, diesel and Kerosene reduced by Sh1, Sh1.20 and Sh1.30 in the latest review.

15 May 2024 - Nigeria's headline consumer inflation, rose to a new 28-year high in April, reaching 33.69% year-on-year, up from 33.20% in March.

15 May 2024 - Africa’s public debt has been a thorn in the side of the continent’s development. Some countries on the continent have been overwhelmed with servicing their debts as opposed to allocating funds for national development. And considering the low-income…

15 May 2024 - Fruit processor Del Monte has launched a fertiliser plant that will turn the company’s pineapple residues into biofertilisers.

15 May 2024 - Rescue crews are still searching frantically for three missing people after a small but disruptive landslide triggered by relentless heavy rainfall experienced in many parts of the country ripped down a village yesterday in the township of Kimende,…

15 May 2024 - It targets the horticulture sector with focus on onions, avocado and potatoes.

15 May 2024 - NAIROBI, Kenya, May 15 – Cases of harassment and debt shaming by digital lenders have declined by 75 percent, coming on the back of the enactment of the Central Bank Amendment 2021 into law. The Office of the Data Protection Commissioner (ODPC) and the…