Business

11 December 2024 - MOSCOW, Dec. 11 (Xinhua) — Russian law enforcement has dismantled three fraudulent local “call center” offices and detained several managers and employees, Russia’s Federal Security Service said in a statement Wednesday. The centers were part of an…

11 December 2024 - NAIROBI, Kenya, Dec 11 – Eastern Africa Power Pool (EAPP) member states have announced plans to launch a centralized Day Ahead Market (DAM) in 2025, aiming to provide affordable, reliable, and sustainable electricity to over 620 million people…

11 December 2024 - NAIROBI, Kenya Dec 11 – President William Ruto has signed into law the Tax Laws (Amendment) Bill, 2024, proposed by National Assembly Majority Leader Kimani Ichung’wah. The tax laws bill was seeking to amend the provisions of four Acts of…

11 December 2024 - Sharing the knowledge and experience of farmers and experts is essential to improving people's livelihoods and food security.

11 December 2024 - Leja is a cash management and bookkeeping mobile application that enables micro, small and medium enterprises (MSMEs) to manage their financial transactions

11 December 2024 - SHA woes: Gilbert Murimi’s ordeal under new medical cover

11 December 2024 - The President accused some agencies of using alternative payment methods and therefore undermining accountability and facilitating corruption.

11 December 2024 - CBK survey found that at least 45 percent of companies in the non-banking sector expect to increase workers before the end of the year.

11 December 2024 - The farmer reward scheme was introduced by Brookside six years ago to recognise the role of raw milk suppliers in the dairy value chain.

11 December 2024 - The new law effectively means all microfinance institutions will now be regulated by the CBK. Previously, only deposit-taking microfinance banks have been regulated while those in the lending sector have largely been regulated. The lending…

11 December 2024 - NAIROBI, Kenya, Dec 11 – New data from global communications platform Infobip shows that WhatsApp, E-mail, and SMS are the top channels for customer-brand interactions during shopping events like Black Friday, driving over 1.6 billion interactions…

11 December 2024 - DEC 11 – Business leaders have been challenged to get into parliament to help shape policies that foster long-term economic growth and sustainability in Kenya. Kevin Otiende, a businessman and entrepreneur, emphasized the significant role of…

11 December 2024 - In the third quarter of 2024, Nigeria imported goods worth ₦512.56 billion from other African countries while exporting a far greater value of ₦2,486.00 billion.

11 December 2024 - Ghana’s economy recently recorded its most rapid growth since 2019, having faced severe economic deterioration in the last couple of years.

11 December 2024 - MOGADISHU, Dec. 11 (Xinhua) — The International Monetary Fund (IMF) has approved the disbursement of 10 million U.S. dollars to Somalia to boost the country’s economic reforms. The latest funding brings Somalia’s total disbursement under the…

11 December 2024 - NAIROBI, Kenya, Dec 10 — The Ministry of Public Service and Human Capital Development has announced an extension of the Civil Servants Medical Insurance Scheme until December 31, 2024, with new arrangements coming into effect from January 1, 2025.…

11 December 2024 - Visa policies have undergone significant changes in recent times, largely driven by individual countries' needs and shifting regional dynamics.

11 December 2024 - Visa policies have undergone significant changes in recent times, largely driven by individual countries' needs and shifting regional dynamics.

11 December 2024 - In this episode, commercial director at Stanley Black & Decker, Umair Shahzad, discusses innovative solutions powering the industry’s growth.

11 December 2024 - Like any other year, 2024 had its share of peculiarities, many of which people, including those in Nigeria, looked up on Google.

11 December 2024 - France has initiated the process of withdrawing its military presence from Chad, starting with the departure of two warplanes stationed in N'Djamena, the capital.

11 December 2024 - WASHINGTON, Dec. 11 (Xinhua) — U.S. President Joe Biden on Tuesday called President-elect Donald Trump’s tariff approach “a major mistake.” “He seems determined to impose steep universal tariffs on all imported goods brought to this country on the…

11 December 2024 - NAIROBI, Kenya, Dec 11 – The Ethics and Anti-Corruption Commission (EACC) has, in the last two months, recovered stolen public property valued at Sh300 million in the lakeside city of Kisumu. EACC spokesperson Erick Ngumbi says the recovery of the…

11 December 2024 - Freedom to travel is a fundamental human right, but a passport's strength significantly determines a person's access to cross-border movement.

11 December 2024 - Twelve Kenyan banks must raise a combined Ksh11.85 billion by December 2025 to meet the new minimum core capital requirement of Ksh3 billion, following a recently passed law. The banks include Consolidated Bank ,Access Bank , HFC ,and Habib Bank AG…

11 December 2024 - The IMF has distanced itself from public backlash over Kenya’s Finance Bill 2024, emphasizing that revenue measures are the government’s sole decision. IMF clarified that the fund provides advisory support to help Kenya achieve fiscal consolidation…

11 December 2024 - MOSCOW, Dec. 11 (Xinhua) — The real boom in Russian Initial Public Offerings (IPOs) is still ahead, with the market expected to grow many times larger in the coming years, Anatoly Popov, Deputy Chairman of Russia’s largest bank Sberbank was quoted…

11 December 2024 - DEC 11 – Coffee drinkers may soon see their morning treat get more expensive, as the price of coffee on international commodity markets has hit its highest level on record. On Tuesday, the price for Arabica beans, which account for most global…

11 December 2024 - NAIROBI, Kenya, Dec 10 – The Kenya Airports Authority (KAA) has issued a tender for the development and management of a new Commercially Important Persons (CIP) Terminal at Jomo Kenyatta International Airport (JKIA). KAA in a notice said the move…

11 December 2024 - The SGR was supposed to reduce road traffic by 1,000 lorries a day. It does not appear to have done so. Truck traffic does not seem to have decreased at all.

11 December 2024 - Shamton Ndiritu was on the verge of desperation when he ventured on an idea that turn his fortunes around.

11 December 2024 - The International Monetary Fund (IMF) is set to send a team to Kenya to work with the government in implementing governance reforms beginning in 2025.

10 December 2024 - The World Bank wants Kenya to seek competitively sourced PPPs and not the PIPs amid concerns that the unsolicited deals are shrouded in secrecy.

10 December 2024 - NAIROBI, Kenya Dec 10 – Smallholder Hass Avocado farmers affiliated with listed agri-business firm Kakuzi PLC(NSE: KUKZ) are set to enjoy a bonus of more than Sh10 million from their produce exports this year. Speaking when he confirmed the…

10 December 2024 - The growing demand for leather goods, and the government's commitment to attracting investors, offers a great opportunity for employment.

10 December 2024 - High Court judge Josephine Mong’are further revoked the appointment of PVR Rao and Swaroop Rao as joint administrators of Cape Holdings Limited.

10 December 2024 - Kenya has imposed a slew of taxes on the betting industry since 2021, including a 7.5 percent excise tax on every betting stake.

10 December 2024 - Her tenure has had mixed reactions from stakeholders in the education sector, especially the Knut.

10 December 2024 - Despite progress made, the country remains highly vulnerable to climate change, particularly in the arid northern regions where droughts are rampant and desertification widespread.

10 December 2024 - The government in recent years sought the support of development financiers such as the African Development Bank (AfDB) to undertake key sewerage projects.

10 December 2024 - Michael has traveled to 50 countries and taught students from diverse locations, including Brazil, Argentina, Russia, and Scotland.

10 December 2024 - Last week’s order by the NTSA brought to fore concerns that more and more un-registered vehicles are on Kenyans roads.

10 December 2024 - Over time, investigations have revealed several schemes that unscrupulous individuals employ in attempts to evade paying taxes.

10 December 2024 - Artificial intelligence (AI) has become a cornerstone of modern development. For African countries, AI has enormous promise in terms of solving problems across numerous sectors.

10 December 2024 - Digital transformation is reshaping how insurance products are designed and developed in Kenya.

10 December 2024 - President William Ruto refused to assent to the Finance Bill 2024 following violent protests against the proposed tax law.

10 December 2024 - Bolt said its customers would be able to make grocery delivery orders from 8am to 11pm and schedule their deliveries 24 hours in advance.

10 December 2024 - Executives should foster an environment where deadlines are respected but also realistically set and flexibly managed.

10 December 2024 - Rice is the primary source of dietary energy in West Africa and the third most important staple crop across the entire African continent.

10 December 2024 - As per the annual growth projection made by the CBK last week, the reserves are expected to settle at $8.84 billion (Sh1.14 trillion) by the end of the year.