Business

27 May 2022 - On Thursday, representatives from 25 African Coffee growing countries during the G25 Coffee Summit in Nairobi signed the ‘Nairobi Declaration’, an agreement that seeks to have Coffee included in the list of strategic commodities in harmony with AU…

27 May 2022 - Kenyan tomato farmers have witnessed a drop of up to 40 percent in the wholesale commodity prices over the past one month due to the flooding of Ethiopian tomatoes in the local market. The approximate price range for the commodity in various markets…

27 May 2022 - The Central Bank of Zambia has announced plans to increase the daily limit for foreign currency exchange transactions, seeking to draw transactions into

27 May 2022 - The huge pay by KCB Group had catapulted Mr Oigara to the envied league of highly paid executives for companies listed at the Nairobi Securities Exchange.

27 May 2022 - NAIROBI, Kenya May 27-The United Kingdom has rolled out programmes as part of efforts to boost the growth of Kenyan horticultural products through targeted trade and investment support. Speaking during the launch of Trade Connect and Growth Gateway…

27 May 2022 - NAIROBI, Kenya May 27 -Family Bank has recorded a Sh733million net profit for the first three months of 2022, marking a 43.7 per cent growth up from Sh510 million recorded in March 2021. The growth was primarily driven by net interest income which…

27 May 2022 - Geothermal Development Company (GDC) has announced plans to add 49 megawatts of geothermal power to the national grid from Menengai Crater after an 11-year

27 May 2022 - Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and Medium-Sized Enterprises (SMEs) and to support the education sector. The funding will be used for…

27 May 2022 - The cash-strapped East African Portland Cement Company (EAPCC) in Athi River is still battling its financial troubles, with employees going for the third

27 May 2022 - Paris, France May 27-More than 3,000 tonnes of Kinder products have been withdrawn from the market over salmonella fears leaving a dent of tens of millions of euros, a company official told France’s Le Parisien daily Thursday. Nicolas Neykov, the head…

27 May 2022 - Bank acquires Sh1.95billion for lending to SMEs, Education sector

27 May 2022 - Nation Media Group (NMG) has appointed Philbert Mdindi as its new Head of Marketing, with effect from 16th May 2022.

27 May 2022 - Mwananchi Credit Ltd director Dennis Mombo on Wednesday 25th May 2022 recreated the scene of how his next-door neighbour allegedly robbed him of Ksh300,000 valuables seven years ago. See >> Two Million Kenyans Blacklisted For Defaulting On Loans…

27 May 2022 - Investor constructing largest pharmaceutical plant in Athi River

27 May 2022 - Private equity firmm AfricInvest has raised $411 million in a new fund for investments in mid-sized companies in African countries including Kenya.

27 May 2022 - Egypt has received a $3 billion increase in funding from the International Islamic Trade Finance Corp. to deal with soaring wheat prices caused by Russia’s

27 May 2022 - South Africans face record-high gasoline prices in June as a subsidy to help motorists counter the impact of high crude costs exacerbated by Russia’s invasion

27 May 2022 - She is the chairperson of the Board of Directors and non-executive director of Kenya Reinsurance Corporation.

27 May 2022 - Kenya's demand for electricity has hit a new peak demand of 2,051 megawatts(MW) up from 2,036MW recorded in November 2021, pointing to accelerated growth and

27 May 2022 - FedEx Express has announced plans to introduce the first regularly scheduled service flight to Kenya in a bid to enhance its services to and from Africa.

27 May 2022 - Family Bank has secured a total of Ksh. 1.95 billion, USD 17 million, from BlueOrchard Finance Ltd (BlueOrchard) managed funds to extend to the Small and

27 May 2022 - Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm.

27 May 2022 - The changes to the Prevention of Organised Crimes Act will increase the period under which ARA can retain seized property.

27 May 2022 - Kenya’s ambassador-designate to China Mary Muthoni is worth Sh400 million, making her the richest of the 21 envoys that Parliament approved.

27 May 2022 - Most lenders attributes this to business recovery

27 May 2022 - Hennessy, the world’s largest maker of cognac, says now that travel is back for many countries, they will start hosting over 30,000 fans each year.

27 May 2022 - Both of Dr. Mbogo’s characters have been mentally disfigured, he by his past, and she by him who has had an incestuous relationship with her.

27 May 2022 - A week before the end of 2020, he took this writer for a three-day tour of his hometown Marsabit where he grew up.

27 May 2022 - The online description of the Reader’s Digest “About” section states that “the publication unites its readers and like no other brand".

27 May 2022 - Lender was boosted by an increase in non-interest income in the first quarter of 2022. Cost management also led to a saving of Sh760 million that had been provided for bad loans.

27 May 2022 - Agriculture ministers say the crop is as source of livelihood for many of the continent's farmers. Summit of 25 countries in Nairobi highlights need to improve performance of the industry.

27 May 2022 - Demand for electricity has picked up after a slowdown caused by the Covid-19 pandemic.

27 May 2022 - The battery distributor's liabilities surpassed its assets by Sh2.1 million in the half-year ended March.

27 May 2022 - The Lakeside City of Kisumu was in carnival mood last week as it played host to the 9th Africities conference.

27 May 2022 - Unfortunately, not all the artists are around to give the backstories of their work.

27 May 2022 - Nowadays Kenyans are raising a glass of craft beer on food pairing tables.

27 May 2022 - Cash handled by mobile money agents in the three months to March grew at a slower pace of 7.2 percent.

27 May 2022 - That Kenya was ranked the second-largest luxury market in Africa after South Africa in the Africa Wealth Report in April was not by accident.

27 May 2022 - Appallingly, estimates indicate that 2.3 billion working-age women do not have an account at a formal financial institution.

27 May 2022 - US lawmakers have started grilling President Joe Biden’s nominee for ambassador to Kenya Meg Whitman.

27 May 2022 - The Finance Committee of the National Assembly has rejected the proposal to increase taxation on a broad range of consumer products.

27 May 2022 - Kenya’s real GDP growth will next year trail the performance of itsEAC partners except Tanzania and Burundi.

27 May 2022 - Investors disposing of properties will still be exposed to higher tax charges even with the reduction in proposed capital gains tax.

27 May 2022 - Kenya is eying the Malaysian market for the export of avocado as it seeks to expand its reach beyond the traditional buyers.

27 May 2022 - Sasra CEO Peter Njuguna spoke to the Business Daily on the potential risks that unregulated saccos posed to the financial system.

27 May 2022 - The proposed changes to the Energy Act should not make Kenya Power lose a sense of its responsibility.

27 May 2022 - In the past two months, Kenyans have witnessed intermittent fuel shortages linked to delays in payment of subsidy to oil marketers.

27 May 2022 - Lawmakers have opened a window for businesses and wealthy individuals to avoid prompt disposal of property for tax evasion.

27 May 2022 - I recently discovered Malbec after avoiding red wine for close to 14 years.

27 May 2022 - The consortium will be tasked with leading the implementation of the first phase of the project which also involves junction improvement.