Business

07 November 2024 - The KRA recorded a shortfall in pay as you earn (Paye) taxes from the private sector, signalling the impact of a tough labour market on government revenue.

07 November 2024 - NAIROBI, Kenya, Nov 7 – Lazarus Muema has been appointed Chairman of Family Bank’s Board of Directors following regulatory approval, replacing the late Francis Mungai, who passed away shortly after his appointment. Muema has been with the bank…

07 November 2024 - Strategy works when you believe the market is about to fall (and your fears are borne out), losses on the portfolio are offset by the put option as it profits as prices fall.

07 November 2024 - 'The most important thing is innovating solutions to problems because not everything requires money to solve. Some things require a bit of thinking and others grit.'

07 November 2024 - 'The most important thing is innovating solutions to problems because not everything requires money to solve. Some things require a bit of thinking and others grit.'

07 November 2024 - To access the free data, customers will need to ensure that all Virtual Private Network (VPN) blockers are turned off on their phones.

07 November 2024 - Safaricom’s Ethiopia business posted a loss of Sh19.3 billion in the half year compared to the Sh7.4 billion loss a year earlier, but its sales jumped 115.4 percent to Sh4.1 billion—reflecting...

07 November 2024 - 'For a South African who’s used to that sort of environment, coming to Kenya I was surprised at the mildness of Kenyans.'

07 November 2024 - The entities responsible for monitoring compliance with consumer protection issues and standards are chronically under-funded operating, with and dependent on unreliable exchequer releases.

07 November 2024 - Like many economies worldwide, Kenya has faced substantial challenges, including rising prices, currency pressures, and increasing public debt.

07 November 2024 - 'For a South African who’s used to that sort of environment, coming to Kenya I was surprised at the mildness of Kenyans.'

07 November 2024 - Michael’s journey with this theme has evolved from a reverential take on liturgical symbols to a more layered commentary.

07 November 2024 - Other oil marketers including TotalEnergies Marketing Kenya have similar deals with fast food chains, restaurants and pharmacies at their outlets to offer more services to motorists and earn...

07 November 2024 - KenGen, 70 percent owned by State, says Kenya National Highways Authority and National Land Commission have ignored requests for Sh250.61 million compensation for land acquired and destruction of...

07 November 2024 - Real estate firms are angling for a share of the market in the city and surrounding towns, with prices steadily rising over the past year in what is enticing developers.

07 November 2024 - The exemption is meant to ease the burden of compliance for foreigners coming into the country, allowing them to use their devices without the need to declare or pay taxes for them.

07 November 2024 - Quincy was recruited as music producer and supervisor for the movie The Wiz in 1978 which starred Michael Jackson in his feature film debut.

07 November 2024 - In most cases, financial exclusion results from a myriad of factors such as lack of identification documents, distrust of the formal financial system, and lack of physical access to banks.

07 November 2024 - Justice Lawrence Mugambi extended the freeze until determination of the case as he directed State agencies including the Kenya Roads Board, CSs Treasury and Transport, Kura and KeRRA to file...

07 November 2024 - Co-op Bank is one of the top beneficiaries of IFC’s lending to local commercial banks for MSME lending products.

07 November 2024 - Carbacid and its affiliate Aksaya Investments LLP, which is 99 percent owned by billionaire businessman Baloobhai Patel, offered BOC shareholders Sh63.50 per share or Sh1.2 billion in total for...

07 November 2024 - Justice Stephen Githinji temporarily blocked the procurement pursuant to bids inviting suppliers, service providers and contractors to submit their proposals on August 21.

07 November 2024 - Ghana's crude oil production increased by 10.7% year-on-year in the first half of 2024, marking a reversal of a five-year decline.

07 November 2024 - We managed to get a seat next to the bar. We had falafel for starters and I then had sushi as the main; spicy crunchy tuna roll. Excellent.

07 November 2024 - The US has in the past two years increased oil and gas production and exports at the expense of Russia and Middle East — and this trend continues.

07 November 2024 - Perenco SA, an oil drilling company owned by the billionaire Perrodo family, plans to direct three-quarters of its $2 billion investments next year toward several African countries.

07 November 2024 - World Bank and IMF have warned of difficulties in moving fresh tax reforms.

07 November 2024 - Globally, we have seen commendable efforts in raising literacy rates, but there are still major differences, with some areas making faster progress in education than others. Countries like Niger, Chad, and Burkina Faso are particularly affected,…

07 November 2024 - The US has extended a lifeline to Somalia, offering a $1.1 billion debt relief package to help the country tackle its debt burden and rebuild its economy.

07 November 2024 - Justice Mugambi said Environment court dealt with the matter last year.

07 November 2024 - Africa's transportation sector is shifting from fossil fuels to cleaner alternatives, with a rise in CNG and LPG vehicles on the roads, offering a cleaner alternative to gasoline and diesel.

07 November 2024 - NAIROBI, Kenya, Nov 7 – M-Kopa has announced that it has assembled over 1.5 million smartphones at its Nairobi-based facility, East Africa Device Assembly Kenya (EADAK). Since opening in January 2023 in partnership with Human Mobile Devices (HMD),…

07 November 2024 - JERUSALEM, Nov. 7 (Xinhua) — The Israeli Defense Ministry announced Thursday that it has signed a 5.2-billion-U.S. dollar deal with U.S.-based Boeing to acquire 25 advanced F-15 fighter jets. The ministry said in a statement that the deal is part…

07 November 2024 - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favourable government treatment.

07 November 2024 - South Africa has temporarily closed its primary border crossing with Mozambique due to safety concerns.

07 November 2024 - LUSAKA, Nov. 7 (Xinhua) — Zambia’s national power utility has announced that consumers will have a power supply for seven hours a day, up from three hours. Zesco Limited said in a statement Wednesday that the daily rotational power supply hours…

07 November 2024 - NAIROBI, Kenya, Nov 7 – The Kenya Revenue Authority (KRA) exceeded its monthly revenue targets in October, marking the first time since December 2021. KRA’s overall revenue collection surpassed targets by Ksh6.8 billion, achieving a performance…

07 November 2024 - Safaricom on Thursday announced it recorded a 14.1 per cent growth in net income for its Kenyan unit to Ksh. 47.5 billion in the six months ended September 30.

07 November 2024 - With a remarkable 20-year track record in the entertainment industry, South African television presenter, radio personality, and businesswoman, Bonang Matheba, spoke with FORBES AFRICA in September, reflecting on the highlights of her career, such…

07 November 2024 - Misfortune never walks alone; it matches with a parade. Mine started when my dad passed away. I had never known tragedy until then. And five years later, I have just begun accepting life and doing what I have to. I want to build that kind of wealth…

07 November 2024 - Ghana’s parliament has resubmitted an anti-LGBTQ bill to President Nana Akufo-Addo for his signature, despite an order to wait until the Supreme Court rules on the bill’s constitutionality.

07 November 2024 - Safaricom’s half-year financial results for 2025 reveal impressive growth, with group service revenue rising by 12.9% to Ksh177.5 billion. With Trump's return, it is unclear whether the new administration will revive the FTA talks, especially with…

07 November 2024 - An unexpected breakdown of the Kenya Revenue Authority (KRA) system has brought activities at the port of Mombasa to a grinding halt, resulting in substantial financial losses.

07 November 2024 - BRUSSELS, Nov. 7 (Xinhua) — The year 2024 is on track to become the hottest on record, with annual global temperature projected to be 1.5 degrees Celsius above pre-industrial levels for the first time, the EU’s Copernicus Climate Change Service (…

07 November 2024 - NOV 7 – Australia’s government says it will introduce “world-leading” legislation to ban children under 16 from social media. Prime Minister Anthony Albanese said the proposed laws, to be tabled in parliament next week, were aimed at mitigating the…

07 November 2024 - NAIROBI, Kenya, Nov 7 – Safaricom Group’s net profit fell by 17.7 percent to Sh28.1 billion in the half-year ending September 30, 2024, largely due to the depreciation of Ethiopia’s currency, the Birr. The Birr lost 106 percent of its value against…

07 November 2024 - The dollar soared to a four-month high on Wednesday after Republican Donald Trump won the U.S. presidential election, with policies on immigration, tax and trade expected to spur higher U.S. growth and inflation.

07 November 2024 - Safaricom took a Sh17.5 billion hit after the birr depreciated by 106.3 percent.

07 November 2024 - NOV 7 – Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. In the past…

07 November 2024 - NAIROBI, Kenya, Nov 7 – The Caucus of Patient-Led Organizations of Non-Communicable Diseases (NCDs) has urged the Social Health Insurance Fund (SHIF) to restore overseas treatment funding for patients needing specialized care unavailable in Kenya.…