Business

12 May 2022 - The International Monetary Fund and the World Bank have urged South Sudan to reform its institutions in order to access more loans.

12 May 2022 - The World Health Organization has revealed that Kenya underreported Covid 19 deaths by more than 20,000. Data from WHO reveals that this was excess deaths by 5.6 times of the confirmed Covid-19 deaths. At the end of 2021, the ministry of health reported…

12 May 2022 - The cynical marketing tactics used to push milk formula drives over-consumption, discourages breastfeeding, undermines mothers’ confidence, and exploits parents’ instinct to do the best for their children.

12 May 2022 - The World Economic Forum list is full of young and growing tech companies with the 2022 cohort forging new paths in healthcare, food production and cutting-edge technologies.

12 May 2022 - Ghana’s inflation rate climbed to the highest level in more than 18 years in April, jumping to 23.6% from a previous 19.4% in March. This is the highest rate

12 May 2022 - Most people are eager to make their money work hard for them, but this is not always an easy financial goal. When you have limited funds, you have to be careful concerning your investments and where you put your money. You can consider options as a…

12 May 2022 - M-Pesa continued to be the firm’s cash cow earning Sh107.7 billion during the year

12 May 2022 - The Kenyan shilling continued to receive a beating against the US Dollar on Wednesday. The local currency was at its lowest on Wednesday shedding 0.06 percent to close the day at 116.07. This was also 2.59 weaker on a year-to-date. However, the shilling…

12 May 2022 - TOPLINE Moderna’s coronavirus vaccine is safe and effective at preventing Covid-19 in children aged six to 11, according to a peer reviewed study published in the New England Journal of Medicine on Wednesday, as the Food and Drug Administration…

12 May 2022 - The Japanese government has extended a new KSh310 million funding to support forest restoration in Kenya, giving a major boost to the country’s efforts to

12 May 2022 - Bundling insurance, repair costs and a battery warranty into the deal, Toyota will lease the bZ4X sport utility vehicles (SUV) at the equivalent of $39,000 for the first four years.

12 May 2022 - Safaricom has posted a 1.7 per cent drop in net profit to Sh67.49 billion in the financial year ended March 2022, the second decline in a row from the 6.8 per

12 May 2022 - Safaricom is in the process of developing M-Pesa Junior, a product that will see those yet to reach 18 years of age have M-Pesa accounts and transact. Currently, only adults with national IDs are allowed to own SIM cards and have M-Pesa accounts. “…

12 May 2022 - NAIROBI, Kenya May 12-Safaricom saw its net profit (excluding Ethiopia) rebound to pre-Covid-19 levels, growing by 12.2 per cent to Sh77 billion in the full year ended March 31 2022. Including Ethiopia, the group posted Sh67.49 billion in earnings a 1.7…

12 May 2022 - NAIROBI, Kenya, May 12 – Safaricom has announced plans to launch an M-Pesa service that targets customers below 18 years. The firm’s Chief Executive Officer, Peter Ndegwa, while announcing the 2o21 full-year earnings, said M-Pesa junior will be launched…

12 May 2022 - KYC verification company, Identitypass has raised $2.8 million in seed funding, just a few months after the startup raised $360,000 in pre-seed

12 May 2022 - Fenty Beauty and Fenty Skin products will retail through an exclusive franchise deal in Kenya.

12 May 2022 - Kenya’s giant telecom, Safaricom, has registered yet other “crazy” results for the full year with net profits coming in at 77 billion shillings. According to Safaricom, the net profit (excluding Ethiopia) rebounded to pre-Covid-19 levels, up 12.2…

12 May 2022 - Cryptocurrencies overall have lost nearly $800 billion in market value in the past month.

12 May 2022 - Safaricom has posted a 1.7 percent drop in net profit to Sh68.67 billion in the first results that include its Ethiopian operations.

12 May 2022 - Service providers must sufficiently notify unregistered subscribers before disconnecting.

12 May 2022 - Base Titanium has won a fourth prospecting licence in Tanzania, increasing its potential investment decision in the country.

12 May 2022 - The Standard Gauge Railway (SGR) service has bounced back to pre-pandemic levels.

12 May 2022 - The Standard Gauge Railway (SGR) service has bounced back to pre-pandemic levels.

12 May 2022 - The countdown to the 8th AMVCAs, Africa’s biggest and most prestigious celebration of film and television talent is officially on. Ahead of the awards night on Saturday, 14 May, Africa Magic has unveiled top media personalities and fashion icons – Toke…

12 May 2022 - Space commercialisation boom is also evident as it has translated into creating about half of the NewSpace companies operational in the continent.

12 May 2022 - Financial literacy is one of the most important life skills that everyone needs to learn today. Research suggests that money habits are formed as early as age seven and thus it is essential to ensure children receive a level of education about finances.

12 May 2022 - Some lenders maintained a freeze on payouts while others reinstated or expanded the cash rewards as the sector recovered from the Covid-19 led economic slowdown of 2020.

12 May 2022 - The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from Sh113.13 at the start of the year.

12 May 2022 - MPs’ committee sittings, local travel perks and car grants have been cut ahead of the August General Election in the latest push to reduce the country’s ballooning wage bill.

12 May 2022 - It presents vast opportunities for sustainable economic growth and job creation.

12 May 2022 - Cites high credit risk, low wealth levels, weak institutions and high financing needs

12 May 2022 - If passed it will take effect on July 1.

12 May 2022 - Justice Esther Maina ordered the freezing of an apartment in Komarock area in Nairobi, which was purchased for Sh4 million and registered in the name of Moses Juma Sirengo.

12 May 2022 - Former Kenya Transporters Association executive director Dennis Ombok blamed the government for introducing such a policy without involving key stakeholders such as transporters.

12 May 2022 - The global lender projects Kenyans living below the poverty line will fall further to 18.7 million this year as the economy recovers.

12 May 2022 - A Bill by Mwatate MP Andrew Mwadime that seeks to increase the pension from the current Sh33,000 per month was published last month.

12 May 2022 - Auditor-General Nancy Gathungu says in her latest report that the title deed for the land which hosts the Kenya National Theatre was not provided during her audit.

12 May 2022 - At the heart of a nation’s prosperity is prudent public financial management, and this begins with a well-planned and balanced budget.

12 May 2022 - Adding the 360-degree component requires yet more focus on purpose, yet more time to plan and implement, yet more continuous follow-up.

12 May 2022 - On March 29, 2022, the United Nations General Assembly adopted a resolution to designate every May 12 as the International Day of Plant Health.

12 May 2022 - Green taxonomy supports emerging national policy and voluntary private sector initiatives by augmenting sustainable finance including reducing costs.

12 May 2022 - Chinese tech firm Huawei is looking to hire top global talent to support its innovation strategy and green intelligent world.

12 May 2022 - Tadenex Limited has been licensed to operate as a non-dealing online foreign exchange trading broker while Tradesense Limited will operate as a money manager.

12 May 2022 - According to UN-Habitat, the greater Nairobi area generates about 3,207 tonnes of waste per day, 20 percent of which is plastic.

12 May 2022 - One of the latest business trends involves the incorporation of action research into solving corporate and stakeholder problems.

12 May 2022 - Serena hotel brand operator TPS Eastern Africa nearly halved its net loss to Sh632.9 million in the year ended December.

12 May 2022 - ChicKing, which specialises in fried chicken, said it will open the quick-service restaurants in partnership with newly formed local franchise M/s Crispy Ltd.

12 May 2022 - Sasini made a net profit of Sh421.3 million in the review period compared to Sh122.2 million the year before.

12 May 2022 - The small businesses will have to be in operation for two years, have a minimum issued share capital of Sh10 million, and can only borrow four times the level of its shareholders' funds.