Business

22 May 2025 - Significant progress has been made in recent weeks between the International Monetary Fund and West African nations, specifically Nigeria and Ghana. These African countries have moved the needle concerning their debts to the International Monetary Fund…

22 May 2025 - "Institutions were expected to migrate to the new modular courses within five years of the expiry of the old courses. KNEC has been offering affected candidates opportunities to register and sit for the affected papers. However, some institutions have…

22 May 2025 - One of the youngest coaches of a professional team, 28-year-old Frenchman Alexandre Lafitte led the Stade d’Abidjan football club in the Ivory Coast to victory on Sunday. Stade d’Abidjan ended their 56-year wait to win the domestic league in the Ivory…

22 May 2025 - MAY 22 – Nike says it will raise the prices of some products from 1 June, with the increases hitting everything from shoes to clothing. The sportswear giant says it is making the changes as part of “seasonal planning” and did not mention US President…

22 May 2025 - NAIROBI, Kenya, May 22 – The government has halted new SACCO registrations for three months to pave the way for sweeping reforms aimed at addressing fraud and weak oversight in the sector. Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya said…

22 May 2025 - In this newsletter, we're covering how directors used a secret account to defraud Invesco Insurance, EACC's fresh push for certificate verification in both public and private sectors, and a criminal gang targeting M-Pesa shop owners.

22 May 2025 - Tullow and former partners exported 350,000 barrels under pilot scheme.

22 May 2025 - During the recent Joint Ministerial Committee meetings between Sudan and Russia, at the Kazan Economic Forum, two comprehensive geological atlases and technical papers were officially handed over to Sudan's Minerals Ministry.

22 May 2025 - The presidents of South Africa and the United States, Cyril Ramaphosa and Donald Trump, on Wednesday, held a meeting at the Oval Office to lay down a path to reconciliation.

21 May 2025 - Topline President Donald Trump insisted to South African President Cyril Ramaphosa Wednesday that white farmers in his country were being killed and their land seized, fueling a false narrative of a “genocide” in yet another extraordinary Oval Office…

21 May 2025 - NAIROBI, Kenya, May 21 – KCB Group Plc has reported a profit after tax of Sh16.53 billion for the first quarter ended March 2025, matching last year’s Sh16.48 billion despite a challenging operating environment. Total revenue rose by 2 percent to Sh49.4…

21 May 2025 - NAIROBI, Kenya, May 21 – NCBA Group profit after tax grew by three percent to Sh5.5 billion in three months to March this year, an improvement from Sh5.3 billion recorded during a similar period in 2024. Whereas NCBA Bank Kenya contributed 79 percent of…

21 May 2025 - South Africa’s Finance Minister Enoch Godongwana delivered a revised version of the 2025 Budget Speech in Parliament on Wednesday, the third iteration this year, following internal disputes over a controversial proposal to raise the country’s Value…

21 May 2025 - Talk of disposals comes barely two years after Diageo bought additional EABL shares in a Sh22.7 billion deal that grew its stake from 50.03 percent to 65 percent.

21 May 2025 - The decline in speeds on Starlink has also been observed in other African countries, including Nigeria, South Sudan, Zimbabwe, and Madagascar.

21 May 2025 - South African President Cyril Ramaphosa has extended a fresh diplomatic overture to U.S. President Donald Trump amid renewed tensions, following a confrontational media exchange at the White House that caught Ramaphosa off guard.

21 May 2025 - With Kenyan shows gaining global traction and major platforms backing local content, Grace Kahaki is betting on “the next entertainment gold rush.”

21 May 2025 - Family Bank Kenya has announced plans to list its shares at the Nairobi Securities Exchange (NSE) in 2026.

21 May 2025 - The move comes after a multi-billion-shilling fraud was uncovered at Kuscco in which scores of individual Saccos lost all or part of their deposits.

21 May 2025 - Kenya’s economy has struggled to create quality jobs amid the surge in graduates leaving colleges and universities annually, creating a mounting pool of unemployed youths.

21 May 2025 - KCB nearly matched last year’s performance during the same period as non-interest income retreated.

21 May 2025 - The crude oil was exported to India and China and was widely expected to lead to commercial production within two years.

21 May 2025 - To business leaders: Your company’s health hinges on your people’s wellbeing - track it as closely as you do sales, because they’re linked.

21 May 2025 - Jimmy Opiyo’s ventures span from luxury face masks during the pandemic to a homegrown cocktail brand launched from his kitchen.

21 May 2025 - No doubt, Africa and Europe need each other. Europe needs Africa because with the dawn of the African Continental Free Trade Area, the continent is building the world’s largest single market of...

21 May 2025 - Antimicrobial resistance is a growing global threat, contributing to an estimated 4.9 million deaths annually.

21 May 2025 - StanChart’s loan book shrank to Sh137.8 billion from Sh153.5 billion a year earlier, resulting in a 12.6 percent drop in interest income.

21 May 2025 - A few African countries, currently, are benefiting from relatively low diesel prices, an increasingly unusual occurrence on a continent where fuel costs have skyrocketed owing to several external and internal economic factors.

21 May 2025 - Pension and insurance assets, inherently long-term in nature, are perfectly suited to finance large-scale infrastructure projects that require stable, patient capital.

21 May 2025 - At 33, Jimmy Opiyo has already lived several business lives. A telecommunications engineering and information technology graduate from Kenyatta University, Jimmy spent years working in the field...

21 May 2025 - Plastic, in its myriad forms, has infiltrated every facet of our lives, from the packaging encasing our food to the fibres in our clothes.

21 May 2025 - NAIROBI, Kenya, May 21 – Mauritian firm East Africa Growth Holdings (EAGH) has increased its shareholding in I&M Group to 15.14 percent after acquiring an extra 86.5 million ordinary shares worth Sh4.2 billion. EAGH, a special purpose vehicle backed…

21 May 2025 - MAY 21 – Access to the social media platform X has been restricted in Tanzania after some official accounts of government and private institutions were targeted by hackers. On Tuesday, the official police account was compromised, with sexually explicit…

21 May 2025 - The facility will serve as collateral for investors who will receive income.

21 May 2025 - The placebo effect occurs when a person experiences physical or mental improvement after receiving a non-therapeutic treatment.

21 May 2025 - In 2024, a group of Australian researchers (Boafo et al.) asked a pertinent question: “The race for critical minerals in Africa: A blessing or another resource curse?” The continent is abundant with natural resources, but this has often been to our…

21 May 2025 - MAY 21 – The Horn of Africa is poised to benefit from a surge in blue economy investments, as regional and international players turn their attention to the vast, underexploited potential of the area’s coastal waters. Among the most significant of these…

21 May 2025 - By Dr. Hosea Kili MAY 21 – Public-Private Partnerships (PPPs) are a transformative mechanism for financing critical infrastructure and public services, harnessing private sector expertise and capital to accelerate national development. Since 2013, Kenya…

21 May 2025 - After September, goods may be subjected to one of two non-preferential tariff systems, or the State can opt for a bilateral deal.

21 May 2025 - Initially, the government budgeted Sh1 billion for the project.

21 May 2025 - MAY 21 – Flying home from his Gulf trip last week, President Donald Trump told reporters “that was a great four days, historic four days”. Visiting Saudi Arabia, Qatar and the United Arab Emirates (UAE), he added in this trademark swagger that “the jobs…

21 May 2025 - NAIROBI, Kenya, May 21 – Family Bank Group has posted a net profit of Sh1.05 billion in the first quarter of this year, a slight improvement from Sh910 million earned during a similar period in 2024. Improved Q1 (January to March) performance is…

21 May 2025 - Both firms blamed the expected profit drop on local market oversupply after a major Kenyan tea buyer exited late last year.

21 May 2025 - Africa’s startup ecosystem has experienced a profound transformation in recent years, propelled by innovation, increased investment, and the rapid expansion of the digital economy.

21 May 2025 - In an interview with Money254, Pancras Karema narrated his 10-year journey of building Expeditions Masai Safaris since inception while at the university and with no capital, navigating the Covid-19 curveball and eventually running a company worth 'tens…

21 May 2025 - Several African countries have resorted to borrowing in order to satisfy their financial obligations as they work toward ambitious development objectives. This could lead to an unsustainable general government debt if handled poorly, however some…

21 May 2025 - The fund risks losing between Sh5 billion and Sh6.3 billion after nearly 10 million Kenyans defaulted.

21 May 2025 - Social media users in Tanzania may have faced restricted access to the X platform (formerly known as Twitter) following the administration’s decision to shut down the service.

21 May 2025 - NAIROBI, Kenya, May 21 – The Capital Markets Authority (CMA) has licensed three new corporate trustees to bolster oversight in Kenya’s expanding Collective Investment Schemes (CIS) market, now valued at over Sh400 billion. The newly approved trustees…

21 May 2025 - NAIROBI, Kenya, May 21 – Kenya Power has received the go-ahead to finalize a Sh1.2 billion transformer procurement, following a ruling by the Public Procurement Administrative Review Board (PPARB) that dismissed objections from two local manufacturers.…