Business

09 May 2024 - Egypt's foreign debt increased by $3.5 billion in the three months leading up to the end of December, according to the central bank data released on Thursday.

09 May 2024 - The United States intends to establish its military presence in coastal West Africa. This is despite its almost futile and continuous effort to maintain its influence in said West African countries. Niger is one such country that has shunned US military…

09 May 2024 - NAIROBI, Kenya, May 9 – Investments, Trade and Industry Cabinet Secretary Rebecca Miano has urged traders in Kenya to be specific on areas to invest, saying this will make cooperation with China more productive. Miano, who spoke at the China-Africa…

09 May 2024 - COLOMBO, May 9 (Xinhua) — Forty-six percent of women and 10 percent of school children in Sri Lanka are obese, state media reported on Thursday, quoting Secretary to the Ministry of Health Palitha Mahipala. Speaking at a lecture to educate journalists…

09 May 2024 - NAIROBI, Kenya, May 9 – E-commerce platform Jumia has picked Vinod Goel to lead its East African operations. Goel, who is the current CEO of the Ugandan unit, will oversee Kenya and Uganda. The new regional CEO takes over from Charles Ballard, who…

09 May 2024 - NAIROBI, Kenya, May 9 – The government has urged Kenyans living in the Diaspora to invest back at home. In a statement delivered during a cultural event in Kingston, Jamaica, the Principal Secretary of Diaspora Affairs, Roseline K. Njogu, urged people…

09 May 2024 - NEW DELHI, May 9 (Xinhua) — Air India Express has sacked at least 30 employees, mostly cabin crew, over mass sick leave amid flight cancellations, officials said Thursday. The terminations came a day after nearly 300 employees of the private airline…

09 May 2024 - KPA said it has wired a total of Sh1.1 billion to fishermen adversely affected by dredging activities at Kilalani to construct three berths of the port.

09 May 2024 - The government is targeting at least Ksh1 billion daily revenue on eCitizen by December by increasing subscribers to its digital services platform to 30 million.

09 May 2024 - Safaricom PLC recorded Ksh.139.9 billion in earnings before interest and tax (EBIT) in the period ending March 31, 2024, financials released on Thursday showed.

09 May 2024 - NAIROBI, Kenya, May 9 – Elgeyo Marakwet investors have urged the government to allow them to harvest mature and overmature trees in public forests. Speaking during an awareness workshop on the disposal of forest plantation materials in Iten, Elgeyo…

09 May 2024 - Land surveying, an ancient practice deeply woven into the fabric of human civilisation, has evolved significantly over the ages.

09 May 2024 - NAIROBI, Kenya, May 9 – The National Assembly Committee on Finance and National Planning Chairperson Kuria Kimani has assured that the Finance Act 2024 will have clear provisions devoid of ambiguity on tax matters. Speaking during a breakfast engagement…

09 May 2024 - LIVE: Agriculture CS Mithika Linturi's impeachment trial

09 May 2024 - May 9 – Plane bodies made by Boeing’s largest supplier regularly left the factory with serious defects, according to a former quality inspector at the firm. Santiago Paredes who worked for Spirit AeroSystems in Kansas, told the BBC he often found up to…

09 May 2024 - NAIROBI, Kenya, May 9 – Safaricom profit after tax fell by 18.71 percent to Sh42.7 billion in the full year ending March 2024, coming on the back of investment in an Ethiopian subsidiary. The results, which were announced early today in Nairobi, showed…

09 May 2024 - The Board of Safaricom Investment Co-operative has appointed Churchill Winstone Ochieng’ as the new Chief Executive Officer.

09 May 2024 - NEW YORK, May 8 (Xinhua) — Intel, a major player in the chip industry, suffered a material drop in its stock price on Wednesday as its operations faced a significant setback due to renewed U.S. sanctions on one of Intel’s customers in China. Intel…

09 May 2024 - NAIROBI, Kenya, May 9 – Estonia-based tech education publisher Starcloud is set to partner with Kenya’s education stakeholders to modernize the delivery of learning in the country. In a statement, the company stated that the partnership will be…

09 May 2024 - Kenya Pipeline has been paying refinery, which ceased operations 10 years ago.

09 May 2024 - Kenya Pipeline has been paying refinery, which ceased operations 10 years ago.

09 May 2024 - Safaricom net profit for the full year to March rose 1.2 percent to Sh62.99 billion.

09 May 2024 - Safaricom net profit for the full year to March rose 1.2 percent to Sh62.99 billion.

09 May 2024 - Safaricom net profit for the full year to March rose 1.2 percent to Sh62.99 billion.

09 May 2024 - Revenue authority writes to property owners asking them to ensure they charge market rates.

09 May 2024 - An Italian firm is looking to harness Kenya’s biogas. The company intends to establish a biogas facility that will use trash dumps from five large landfills across the country to generate energy for households. This idea is coming from an energy company…

09 May 2024 - Over the last decade, GCC countries have collectively invested over $100 billion (Sh13.2 trillion) in Africa.

09 May 2024 - KRA is expressing discomfort with landlords whose rental income has remained unchanged for years.

09 May 2024 - The Treasury has allocated Sh900 million to offer State House Nairobi a facelift.

09 May 2024 - The Auditor-General has raised concern over the loss of Sh1.3 billion annually that KPC pays the moribund KPRL.

09 May 2024 - Nothing gets Jamie Pujara excited like the challenge of a new business.

09 May 2024 - Cape Town is becoming one of the most popular destinations in Africa and a rich man's playground.

09 May 2024 - President William Ruto’s bottom-up economic transformation agenda will get a Sh257.31 billion shot in the arm in the coming financial year.

09 May 2024 - Government workers took home Sh795.4 million in the six months to December 2023.

09 May 2024 - The UK has overtaken Saudi Arabia to become the fastest-growing source of diaspora dollar flows into Kenya.

09 May 2024 - The Treasury is on the spot over the failure of MDAs to onboard their services on the electronic Tax Invoice Management System (eTIMS).

09 May 2024 - The rift between the West and the Junta governments in West Africa continues to widen with each passing day. The situation with Niger and the United States reflects this growing tension. Additionally, the soured relationship between France and Mali…

09 May 2024 - The debate on whether virtual AGMs indeed create value to both the directors, management and shareholders is far from abating.

09 May 2024 - Sri Lanka’s Browns Investments has made a move on Limuru Tea, in what could tighten its grip on the Kenyan tea industry after a successful take-over of James Finlay last year.

09 May 2024 - The law has been challenged in court several times.

09 May 2024 - Nairobi County has ordered an audit of all buildings constructed within the city in the last two years.

09 May 2024 - Pension funds cut their holdings in listed shares (equities) to an 11-year low of Sh145.1 billion.

09 May 2024 - Members seeking to exit Safaricom Investment Co-operative are having trouble finding buyers for their shares.

09 May 2024 - The Ministry of Health and the tobacco industry have locked horns over the use of graphic images as health warnings on the packaging of tobacco products.

09 May 2024 - The more things change, the more they stay the same says a French phrase.

09 May 2024 - Homeownership is a part of Kenya's socio-economic policy and remains one of the key priorities for the government.

09 May 2024 - Residents of Jogoo Road Phase Two Estate have lost their bid to challenge an eviction order from the government that seeks to demolish the estate and build affordable housing units.

09 May 2024 - State-run pension fund is also eyeing to grow membership by over 70 per cent to 5.2 million in a five-year strategic plan. The Fund is currently valued at Sh311 billion.

09 May 2024 - A common barrier faced by women, especially in developing countries like Kenya, is lack of access to capital to finance businesses.

09 May 2024 - Kenya's coffee industry has long been celebrated for its distinctive flavour profile and high-quality beans, but its true potential remains largely untapped.