Business

11 February 2025 - SAN FRANCISCO, Feb. 10 (Xinhua) — A team of investors led by Elon Musk submitted a 97.4-billion-U.S.-dollar bid to buy the non-profit that controls OpenAI, the Wall Street Journal reported on Monday. Musk’s attorney Marc Toberoff said that he had…

11 February 2025 - NAIROBI, Kenya, Feb 10 – South Korean multinational conglomerate LG Electronics announced on Monday the appointment of Donghun Lee as its new President for the East Africa region, effective immediately. Lee, who brings over two decades of…

11 February 2025 - Kenya’s economy is set to experience some relief as the Kenyan Central Bank (CBK), has decided to enforce the country’s current interest rate.

11 February 2025 - Profit rose to Sh15.85 billion from Sh6.93 billion posted in similar period last year.

11 February 2025 - In a surprising move for Silicon Valley's tech ecosystem, Sam Altman, CEO of OpenAI, has openly rejected a $97 billion bid from Elon Musk to acquire the AI company.

10 February 2025 - The tribunal said that the commission violated Carlisle’s constitutional rights by failing to notify it of the acquisition and failing to provide just compensation.

10 February 2025 - The Department of Government Efficiency (DOGE), established under the Trump administration and spearheaded by Elon Musk has blocked funding for Liberia.

10 February 2025 - Kenya has struggled to fight illicit goods to help local manufacturers, with the goods involved ranging from sugar to cigarettes accounting for 40 percent of all traded goods in the country.

10 February 2025 - He has skilfully guided Easy Coach evolution from a small bus company plying one route of Nairobi to Kisumu, to a reputable bus company with a fleet of over 800 buses.

10 February 2025 - The NSE began operations in the 1950s with no physical trading floor before taking up space at the IPS Building in Nairobi’s city centre.

10 February 2025 - NAIROBI, Kenya Feb 10 – Kenya is ramping up local motorcycle parts manufacturing, aiming to increase production from the current 14 components to 35 within the next year. A motorcycle requires approximately 299 parts, and this expansion is expected…

10 February 2025 - The first step to turning your aspirations into reality is setting clear goals.

10 February 2025 - The utility firm believes the additional investment to a region that has been the victim of power blackouts in recent years will boost reliability and support trade and manufacturing.

10 February 2025 - The transaction means that Wagema and Wain have jointly relinquished 2,544,800 shares in Aberdare Safari Hotels, which has a total of 3,370,064 shares, and now only retain 412,632 shares each.

10 February 2025 - For decades, the vetting process has been a source of frustration and marginalisation for communities such as the Somali, Nubian, Arab, and Asian Kenyans.

10 February 2025 - The telco is seeking High Court orders to stop Popote Innovations Ltd from enforcing the award it won in November 2024.

10 February 2025 - A survey of pension returns shows that the average annual return for pension funds stood at 28.8 percent last year, up from 1.6 percent in 2023.

10 February 2025 - Unlike US law, Kenyan law does not entertain the doctrine of employment at will which allows an employer to fire employees at any time without reason or due process.

10 February 2025 - Her garden is not just about beauty; it has a deep personal meaning. Instead of buying plants, she exchanges cuttings with other plant lovers, allowing her collection to grow naturally.

10 February 2025 - A political clash is brewing in South Africa following Donald Trump’s sanctions on the country over its land reform policies.

10 February 2025 - Digital advertising is expected to surpass traditional formats by 2026, with Kenya’s internet ad market projected to grow at a compound annual growth rate (CAGR) of 17.4 percent.

10 February 2025 - The tone of 'Love Hurts' oscillates between serious action and lighthearted comedy, often leaning more towards the latter.

10 February 2025 - Revenue allocation must support sustainable development by factoring in key sectors such as marine resources, land management, and climate adaptation.

10 February 2025 - CMA authorised NSE to prepare and submit for approval the rules for the setting up and administration of a board on which the shares of the troubled firms on the recovery list may be traded.

10 February 2025 - Topline Billionaire and government efficiency czar Elon Musk said at a virtual summit last week, which was published online Saturday, that he’s not interested in buying TikTok, despite earlier reports suggesting China was interested in selling the…

10 February 2025 - 'Dog Man' embraces a 3D sketchbook aesthetic that borrows a lot from Pilkey’s original drawings.

10 February 2025 - The amount invested points to low absorption.

10 February 2025 - Affordability, as the years go by has become more of a primary concern for citizens in many African cities, as they attempt to strike a balance between their income and living expenses.

10 February 2025 - This will reduce its average interest rates, which had hit 16.9 percent in December last year.

10 February 2025 - Most pensioners use their lump sum payment to pay school fees and build/buy a house.

10 February 2025 - Africa's crypto adoption continues to grow, increasing from 40.1 million to 43.5 million users, an 8.5% rise. But despite this steady climb, the continent has faced regulatory roadblocks.

10 February 2025 - PARIS, Feb. 10 (Xinhua) — French President Emmanuel Macron has said that tariffs on the European Union (EU) are not in the interests of the United States. “If you want Europe to be engaged on more investment in security … which I think is in the…

10 February 2025 - NAIROBI, Kenya, Feb 10 – Kenya Power has announced a Sh1 billion investment to boost electricity supply and reliability to domestic and industrial consumers. Covering 11 counties, including Kisumu, Homabay, Migori, Kisii, Nyamira, Siaya, Vihiga,…

10 February 2025 - NAIROBI, Kenya, Feb 10 – The court has declared that the national and county governments’ ongoing failure to allocate 30 percent of their budgets for development is unlawful. This decision followed a petition filed by the Kenya Human Rights…

10 February 2025 - FEB 10 – The US Treasury Secretary Scott Bessent has been told to stop minting one-cent coins, or pennies as they are widely called, by US President Donald Trump in an announcement on his Truth Social media account. “Let’s rip the waste out of our…

10 February 2025 - NAIROBI, Kenya, Feb 10 – Seventy-seven Kenyan companies risk being deregistered within three months following a gazette notice issued by the Registrar of Companies citing non-operation. Among the affected firms are A Collision With Purpose Kenya L…

10 February 2025 - The Central African Republic (CAR) has introduced a meme coin, a move President Faustin-Archange Touadéra says will help boost the country's global profile.

10 February 2025 - NAIROBI, Kenya Feb 10 – Global Hotel Management Company Babylon Hospitality has partnered with Emin Pasha Hotel, one of Kampala’s boutique properties in Uganda, to elevate the hotel services status to international standards. Renowned for its…

10 February 2025 - This would ensure uninterrupted service delivery as thousands risk losing their jobs due to the uncertainty of donor funding.

10 February 2025 - Namibia’s first president, Sam Nujoma, passed away on Saturday at the age of 95, following three weeks of hospitalization in the country’s capital Windhoek. Nujoma, who was formally recognized as the ‘Founding Father of the Nation’ by a 2005…

10 February 2025 - According to the IMF, Seychelles has the highest GDP per capita in Africa at $22,000, making it the continent’s leader in average income per person. Mauritius comes next with $13,100, while Gabon follows with $9,000.

10 February 2025 - Nigeria’s Dangote Oil Refinery, the largest in Africa, could reach full capacity within 30 days, according to its chief executive on Monday.

10 February 2025 - NAIROBI, Kenya, Feb 10 – A new study conducted in Kilifi by KEMRI Wellcome Trust has revealed that patients on multiple anti-seizure medications, a treatment approach known as polytherapy, are at a higher risk of developing mental health problems.…

10 February 2025 - FEB 10 – China’s tit-for-tat import taxes on some American goods came into effect on Monday, as the trade war between the world’s two biggest economies escalates and US President Donald Trump threatens to hit more countries with tariffs. Beijing…

10 February 2025 - A South African investor says Genghis Capital was disposing of its assets to defeat his pending claim of about Sh355m.

10 February 2025 - Compared to the last two quarters of 2024, the private sector stance in Kenya is less optimistic in 2025.

10 February 2025 - Tanzanian billionaire, Mohammed Dewji's X account was recently compromised, and used to promote a questionable cryptocurrency token.

10 February 2025 - FEB 10 – President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about…

10 February 2025 - NAIROBI, Kenya, Feb 10 – The Insurance Regulatory Authority (IRA) has trained life insurers on Anti-Money Laundering (AML) to tame the illicit flow of money and terrorist financing. In a training workshop in Nairobi, participants were also informed…

10 February 2025 - A forensic audit by PwC has uncovered large-scale financial fraud at Kenya Union of Savings & Credit Cooperatives ( KUSCCO), a Sacco board in Kenya, where top executives forged the signature of a deceased auditor to approve falsified financial…