Business

30 April 2025 - Kenyan company Rapid Ride has launched digital ride-hailing services in the local market with a model that sees drivers keep all fares and pay a subscription fee.

30 April 2025 - Kenya's inflation rate (KECPI=ECI), opens new tab in April rose to 4.1% year-on-year, up from 3.6% a month before, the statistics office said on Wednesday.

30 April 2025 - Property owner, Florence Wairimu Mbugua, said the rental business had been adversely affected when tenants surrendered their leases.

30 April 2025 - APRIL 29 – If you say the name Donald Trump in the halls of wholesale markets and trade fairs in China, you’ll hear a faint chuckle. The US president and his 145% tariffs have not instilled fear in many Chinese traders. Instead, they have inspired an…

30 April 2025 - NAIROBI, Kenya, April 29 – Former US Vice President Al Gore will lead a major climate leadership training in Nairobi from June 12 to 14, as part of a global effort to build momentum for climate action ahead of the COP30 summit in Brazil. The three-day…

30 April 2025 - The recent aid cuts under President Donald Trump’s administration are beginning to take a toll in Nigeria, where thousands of internally displaced persons (IDPs) are grappling with worsening hunger due to the inability of key United Nations agencies…

30 April 2025 - The crackdown is taking place nationwide, with both individuals and businesses targeted. As of September last year, 511 companies had been found to be actively evading taxes, which cost KRA Ksh79 billion.

30 April 2025 - Cabinet hinted that the budget would be reviewed downwards as the government aims to reduce the budget deficit.

30 April 2025 - Gold prices fell on Wednesday, weighed down by a stronger US dollar and signs of easing trade tensions, as investors await key US economic data that could shape the Federal Reserve’s next move on interest rates. Spot gold fell 0.4% to $3,302.58/oz by…

30 April 2025 - The United Arab Emirates (UAE) has been implicated in war-related allegations after Bulgarian-made weapons were discovered among ammunition used by Sudanese rebels.

30 April 2025 - APRIL 29 – Starbucks will hire more baristas and scale back plans to roll out automation, the coffee shop giant’s chief executive Brian Niccol says. The move, which is part of his strategy to win back customers, comes as other food and drink chains…

30 April 2025 - NAIROBI, Kenya, Apr 29 – The Kenya Revenue Authority (KRA) has issued a reminder to licensed betting and gaming companies to ensure their tax compliance ahead of the June 30, 2025 expiry of their operating licences. According to KRA, clearance from…

30 April 2025 - Somalia has announced a ban on Taiwan-issued passports from entering, exiting or transiting its territory, citing its commitment to the “one China” policy and UN Resolution 2758. The decision, made by the Civil Aviation Authority of Somalia on April…

30 April 2025 - In today’s newsletter, we are covering the approved Finance Bill 2025 by highlighting key proposals that are targeting businesses, employees and employers.

30 April 2025 - The workers claim that the State plans to hand the deal to Kibos which was ranked as the lowest bidder.

30 April 2025 - The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help African and Caribbean buyers more easily access fuel, such as petrol, diesel, and jet fuel, from refineries within the continent.

30 April 2025 - Trade ministry says structural adjustment programmes resulted in textile industry woes.

30 April 2025 - Cabinet promises reduced taxes and enhanced retirement perks for judges.

30 April 2025 - Ministers say Bill focuses on closing loopholes and enhancing efficiency.

30 April 2025 - Burkina Faso plans to increase its control over foreign-owned industrial mines, as the country looks to capture a larger share of revenue from its natural resources.

29 April 2025 - As the government prepares to unveil its expenditure plan for the financial year 2025/2026, the Treasury will be forced to find alternative sources of funding for the Ksh.4.2 trillion budget without the support of the International Monetary Fund (IMF).

29 April 2025 - NAIROBI, Kenya, April 29 – The government has shut off over 50 betting firms for operating without the approvals of the Betting Control and Licensing Board (BCLB). In a letter sent to Communication Authority of Kenya (CA) CEO David Mugonyi, BLCB…

29 April 2025 - The workers demanded the government settle all arrears the company owes them before effecting any lease agreement.

29 April 2025 - The African Growth and Opportunity Act (AGOA) is at risk due to the protectionist shift. If AGOA is allowed to lapse, it could slowly erode U.S. geopolitical influence in Africa, at a time when China and Russia are deepening their footholds, and Gulf…

29 April 2025 - APRIL 29 – The White House has hit back against a reported plan by Amazon to detail the price impact of Donald Trump’s trade tariffs to its customers, calling it a “hostile” political act. Amazon told the Washington Post it had looked into itemising…

29 April 2025 - NAIROBI, April 29 (Xinhua) — Kenya’s Cabinet on Tuesday resolved to implement significant budget realignments in line with the government’s fiscal consolidation policy aimed at reducing the budget deficit. During a Cabinet meeting held in the national…

29 April 2025 - Since 2015, Kenya’s military spending has increased by 16 percent from $843 million (Sh108.9 billion).

29 April 2025 - The petition was brought by Jared Abuya in early 2024 arguing that Dr Linyiru was unfit to hold public office due to unresolved corruption charges dating back to 2015.

29 April 2025 - While the International Monetary Fund (IMF), can be useful during times of crisis, staying relatively debt-free provides considerable benefits to African countries, including economic autonomy and global legitimacy.

29 April 2025 - The global debt markets are awash with uncertainty, partly due to the impact of the sweeping trade tariff changes by US President Donald Trump.

29 April 2025 - For too long, introverts have been boxed in, brushed aside and branded as the quiet ones in the corner. Their calm is mistaken for coldness, their pause for passivity and their preference for solitude as something that needs fixing. In a world that…

29 April 2025 - This is the latest deal for KCB which also won a role in issuing letters of credit in Kenya's oil import deal.

29 April 2025 - Report attributes the market's growth to the expanding middle class, which is increasingly demanding higher standards of healthcare, including access to specialised and comprehensive medical...

29 April 2025 - When he got to the US, he found a purpose that would later unfurl into the formation of a company. Before that, he had to start building from the foundation up!

29 April 2025 - As land prices skyrocket in Nairobi’s core estates, investors are looking to nearby alternatives.

29 April 2025 - It’s time to reset. Being relatable doesn’t mean being random. Being visible doesn’t mean being everywhere for everything. And having an online presence doesn’t mean forgetting the users you’re...

29 April 2025 - KMRC, which is 25.3 percent owned by the government, offers funds to primary mortgage lenders at an annual interest of five percent.

29 April 2025 - Successful applicants get as much as 105 percent funding of value of the home, which is higher than average of 90 percent.

29 April 2025 - To Mona, one of the biggest misconceptions about scriptwriters is that people think they care more about the story than the people behind it.

29 April 2025 - Given that Kenya imports essential goods such as fuel, machinery, and consumer products, businesses face significant financial losses if shipments are lost or damaged.

29 April 2025 - As the installation of the Starlink business gains momentum in Africa, more markets have expressed interest in the service including Uganda, which highlighted its promising negotiations with the Elon Musk led company.

29 April 2025 - Organisations can actually cultivate self-motivation cultures by educating managers to motivate their groups to intrinsically attractive goals, hosting gamified contingent rewards, and making...

29 April 2025 - The World Bank’s proposal to include nuclear energy financing is significant for Kenya, which has been actively pursuing its nuclear dream for several years.

29 April 2025 - Many countries see an ageing population as a key threat to economic well-being because seniors have left the workforce, and there are no sufficient replacements for younger working-age citizens.

29 April 2025 - In this exciting new era, content is no longer the undisputed king. The context in which that content is served holds equal, if not greater, importance.

29 April 2025 - Demographic dynamics are an overlooked but crucial factor in the areas of economic power, national security, and international influence. This is especially true for the demographic reaching military age.

29 April 2025 - As more Kenyans seek safer and smarter ways to grow their savings, Money Market Funds (MMFs) are gaining popularity as a low-risk, accessible investment option. As always, prospective investors should carefully assess their investment objectives and…

29 April 2025 - NAIROBI, Kenya, Apr 29 — TransUnion Kenya has encouraged young people to regularly check their credit reports and strengthen their financial literacy as digital lending continues to grow in the country. The credit reference bureau said tools like its…

29 April 2025 - APRIL 29 – Overwhelmed by online shopping? Maybe a robot can help. The viral ChatGPT bot is adding shopping features to its powers, extending the reach of its artificial intelligence (AI) into an area traditionally dominated by media sites and tech…

29 April 2025 - The Warri Refinery in Nigeria has shut down operations, sparking concern over the transparency and effectiveness of its costly rehabilitation, despite hundreds of millions of dollars spent by the federal government.