Business

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.…

21 May 2025 - MAY 21 – Millions of shoppers could get up to £70 each after a tribunal approved a settlement in a lawsuit against Mastercard which stemmed from historic fees levied on businesses by the card provider. The decision comes after a long-running legal case…

21 May 2025 - MAY 21 – The Spanish government has called for the removal of the listings of nearly 66,000 properties on rental platform Airbnb on the grounds that they breach regulations for tourist accommodation. The clampdown comes as protests against over-tourism…

21 May 2025 - NAIROBI, Kenya, May 21 – The Public Service Commission (PSC) has directed all public bodies under its mandate to begin paying non-practice and prosecutorial/special legal allowances to eligible Advocates of the High Court working in the public service,…

21 May 2025 - Philanthropy is becoming an increasingly powerful force in Africa, with African billionaires taking the lead in addressing critical developmental challenges.

21 May 2025 - NAIROBI, Kenya, May 21 – Safaricom has unveiled a revamped suite of business credit solutions designed to improve access to financing for micro, small, and medium enterprises (MSMEs) across Kenya. In collaboration with financial institutions, the telco…

21 May 2025 - NAIROBI, May 21 (Xinhua) — Revenue from Kenya’s tea exports fell by 20 percent in the first quarter (Q1) of 2025 due to lower shipment volumes, the Kenya National Bureau of Statistics said Tuesday. The country earned 46.07 billion Kenyan shillings (…

21 May 2025 - MAY 21 – Billionaire Elon Musk has said he expects to dial back his political donations, a major shift from the figure who shook up the 2024 election as a top donor to President Donald Trump. Musk, who ultimately spent more than $250m (£187m) in support…

21 May 2025 -   MAY 21 – The boss of one of the UK’s biggest banks has said the threat of cyber-attacks “keeps me awake at night”. Ian Stuart, the CEO of HSBC UK, said cyber-security was “top of the agenda” for his banking group, and dealing with IT vulnerabilities…

21 May 2025 - While speed can increase the severity of an accident, it is very rarely the root cause of them.

21 May 2025 - Recent reports indicate that a U.S court has ruled in favor of the deportation of 12 South Asian migrants to South Sudan. As a result, US immigration officers have begun enforcing the order.

21 May 2025 - ZURICH, Switzerland, May 21 – The global Internet Computer Protocol (ICP) community is set to converge in Zurich on June 3, 2025, for the World Computer Summit, marking the protocol’s fourth anniversary and exploring how decentralized technologies like…

21 May 2025 - You should always remove the negative terminal first when disconnecting and replace the positive terminal first when reconnecting.

21 May 2025 - MAY 21 – If you are active in the Kenyan blockchain and tech scene, you have probably heard her name, or even been inspired by her work. Yvonne Kagondu is widely regarded as Kenya’s most influential woman in blockchain. She’s a bold advocate for Web3…

21 May 2025 - Chinese home appliance giant Haier is ramping up its presence in Kenya through an aggressive expansion strategy centred on retail partnerships and locally tailored products.

21 May 2025 - Nigerian fuel traders say they are having trouble getting gasoline from the state-owned Port Harcourt and Warri refineries, although these plants were declared ready six months ago.

21 May 2025 - The Dangote Petroleum Refinery has announced that its naira-for-crude oil agreement with the Nigerian government has enabled it to lower petrol prices, ultimately reducing costs at fuel stations for Nigerian consumers.

20 May 2025 - NAIROBI, Kenya, May 20 – Agriculture Cabinet Secretary Mutahi Kagwe has called for urgent, targeted investment in Kenya’s agriculture sector, warning that continued underfunding poses a threat to food security and economic stability. Speaking at the…

20 May 2025 - Workers who could not explain the sources of cash in their salary accounts have been issued employment termination notices, with a window to appeal within 14 days to the bank’s managing director.

20 May 2025 - Kenya Power connected 194,654 new customers in the six months to December amid legal suits that have previously delayed the process.

20 May 2025 - The CA estimates that over 4.5 million households in Kenya rely on DTT for news and entertainment, many of whom experience poor picture quality and unstable signals.

20 May 2025 - Mr Natembeya denied three graft-related charges, including conflict of interest and unlawful acquisition of public funds.

20 May 2025 - The move reflects a cautious approach as inflation slows and macroeconomic indicators begin to stabilize in Africa’s former largest economy, according to analysts. Nigeria’s central bank held its benchmark interest rate unchanged at 27.5% on Tuesday,…

20 May 2025 - As an employee, you should engage your supervisor immediately to understand the vision behind the assignment.

20 May 2025 - The increased repossessions coincided with the period interest rates on loans in the economy rose to levels last seen in 2002, making it difficult for borrowers to keep up with repayments in an...

20 May 2025 - Revenue collection through the first nine months to March is estimated to have fallen off the target by Sh161.9 billion mainly on account of shortfalls in ordinary revenue or taxes according to...

20 May 2025 - Kenya has broken into the global top 60 list for the first time ever, reversing a regression that saw it drop one slot to hold position 63 last year down from 62 in 2023.

20 May 2025 - The Amir of Qatar, His Highness Sheikh Tamim bin Hamad al-Thani, met with the President of the Republic of Benin, Patrice Talon, at the Amiri Diwan in Doha to discuss strengthening cooperation between both countries.

20 May 2025 - CHPs serve as the first point of contact for health services in many communities, providing health education, basic first aid, disease prevention and referrals to health facilities.

20 May 2025 - Department leaders and teams should go look for quiet talent while still rewarding productive boldness.

20 May 2025 - In the current financial year, the National Treasury expects to increase the collection of surplus funds from cash-rich parastatals by nearly a third to Sh42 billion.

20 May 2025 - As Kenya continues to position itself as a hub for international cooperation and investment, fostering an environment that balances these privileges with local compliance will be vital.

20 May 2025 - Kenya is positioning itself at the forefront of digital financial innovation as Parliament moves to regulate virtual assets through the Virtual Asset Service Providers Bill, 2025, now undergoing public participation.

20 May 2025 - The Common Market for Eastern and Southern Africa (COMESA) is calling for urgent action to improve access to high-quality seeds across its 21 member states, in a renewed push to boost agricultural productivity and reduce food insecurity.

20 May 2025 - The number of fund managers has grown steadily, jumping from a low of 24 players in 2020, first to 34 in 2022 and 40 in 2023 according to additional data from CMA.

20 May 2025 - Over four financial years, Kenyans have used household items to secure credit over motor vehicles.

20 May 2025 - Based on interviews with nearly 4,000 individuals in 47 counties, the study also found that two in five nurses and midwives showed symptoms of post-traumatic stress disorder.

20 May 2025 - Key Facts Crucial Quotes “President Ramaphosa will meet with President Donald Trump at the White House in Washington DC to discuss bilateral, regional and global issues of interest,” said the office of South Africa’s presidency in a statement last…

20 May 2025 - Nigeria's Monetary Policy Rate (MPR), the nation's benchmark interest rate, has been kept at 27.5 percent by the Central Bank of Nigeria (CBN) through its Monetary Policy Committee (MPC).

20 May 2025 - As things stand today, two of the macro-economic fundamentals – inflation and exchange rate, are sitting in the right corner.

20 May 2025 - Indonesia, the world’s largest producer of palm oil, implemented a policy on May 17 to increase the export tax on crude palm oil (CPO) , aiming to finance biofuel initiatives and replanting activities within the country.

20 May 2025 - Any teacher will tell you that the child who shows up to school curious, confident, and well-adjusted is often the one whose parents are actively involved.

20 May 2025 - He spoke while opening the Financing Agri-Food Systems Sustainably Summit in Nairobi.

20 May 2025 - A new crop of young Kenyans is using French as a tool to unlock career advancement, cultural exchange, and global connections.

20 May 2025 - As legislation evolves under this framework, the true test lies now in implementation.

20 May 2025 - The Communications Authority of Kenya has ordered ICT product and service providers to implement age verification mechanisms.

20 May 2025 - The Finance Bill 2025 proposes to reduce the timelines for lodging Value Added Tax (VAT) refund claims from 24 months to 12 months.