Business

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.…

07 November 2024 - Industry captains' move signals an uptick in prospects for the first time in six months.

07 November 2024 - Mr Saikumar Allaka says he was headhunted from Equity Bank only to be fired after 15 months at Safaricom.

07 November 2024 - Giant telco undertakes extensive upgrade to enhance seamless experience for users.

06 November 2024 - The life of an entrepreneur is not about constantly being in motion. It’s about understanding when to perform, when to rest, and when to adapt.

06 November 2024 - ADDIS ABABA, Nov. 6 (Xinhua) — Ethiopian Airlines has received its first Airbus A350-1000, becoming the first African carrier to operate the largest model in the A350 family. The passenger plane, named “Ethiopia: Land of Origins,” landed Tuesday at…

06 November 2024 - TOKYO, Nov. 6 (Xinhua) — Japanese automaker Toyota Motor Corp. said Wednesday its net profit for the first half of the fiscal year (April to September 2024) fell 26.4 percent to 1.91 trillion yen (about 12.3 billion U.S. dollars). The decline was…

06 November 2024 - The return of Mr Trump will take Kenya back to a familiar territory that has seen negotiations that started in 2018 derailed by a new occupant at the White House.

06 November 2024 - Grea is jointly owned by Mauritian multinational Grit Real Estate Income Group Limited (Grit) and South Africa’s state-owned PIC, which manages funds for a number of public sector pension funds.

06 November 2024 - Editor’s note: This story has been withdrawn permanently following an editorial review

06 November 2024 - Currently, Kenya utilises more than Sh6 out of Sh10 of exchequer revenues to repay its debts, leaving a paltry Sh4 or less for development and recurrent expenditures.

06 November 2024 - The judge noted that the parties agree that the hospital had called for the AGM in a notice issued on August 30, 2024.

06 November 2024 - The crackdown was triggered by the death of Lucy Wambui, 47, which was linked to a liposuction procedure gone wrong at Omincare Medical on October 16, 2024.

06 November 2024 - The project will also involve cleaning of water flowing to Lake Nakuru.

06 November 2024 - In the proposed Tax Laws (Amendment) Bill, 2024 published on Tuesday, the Treasury has targeted the airline industry.

06 November 2024 - The ongoing surge in solar energy adoption clearly indicates its critical role in addressing climate change and reducing our dependency on fossil fuels.

06 November 2024 - KRA chairman Anthony Mwaura admitted that the tax collector is choking on underfunding, implying that it cannot even afford to buy toilet paper and printing papers for its staff.

06 November 2024 - The Kenyan shilling’s peer currencies have all felt the heat of the dollar rally, with each depreciating by at least 0.2 percentage points against the US dollar.

06 November 2024 - Kenyan corporate donors will need to check that the charitable organisations to which they donate hold a valid income tax exemption certificate.

06 November 2024 - The situation is expected to worsen in the coming days after the KRA acknowledged the failure urging traders to suspend any lodging of documents until the system is restored.

06 November 2024 - KBA chairman said banks have recently begun cutting interest rates but the relief is yet to feed into the overall weighted rates.

06 November 2024 - When conflicts arise between an organisation’s policies and constitutional rights, the Constitution prevails.

06 November 2024 - Kenya is a major importer of eggs especially from its neighbours Uganda and Tanzania, as local supply is unable to meet the growing demand for the food commodity.

06 November 2024 - The University of Nairobi (UoN) joins Jomo Kenyatta University University in winemaking, as it seeks to sway allegiance to locally produced alcoholic beverages.

06 November 2024 - The policy includes coverage for skin conditions such as acne, eczema, and psoriasis.

06 November 2024 - In the past, the process of lease renewal was infamous. It was mired in irregularities. Speculators, within and outside government, had taken the system hostage.

06 November 2024 - Africa's educational system is grappling with a multitude of issues, such as wars, climate-related disruptions, and financial hardships, leading to an alarming increase in the number of out-of-school children.

06 November 2024 - His first clients were his friends, those who understood his passion and the efforts put into production.

06 November 2024 - The private sector depends on loans from banks to fund new investments and support consumption—key ingredients in expanding GDP.

06 November 2024 - Designing an effective scheme requires careful calibration to ensure that guarantees are sufficient to encourage lending without encouraging reckless borrowing.

06 November 2024 - President William Ruto’s Senior Economic Advisor David Ndii has dispelled the notion that the government could be seeking to lower taxes for Kenyans anytime soon.

06 November 2024 - Russia is seemingly keen on employing labor from Zimbabwe, particularly within the construction sector. Both countries have so far undertaken multiple discussions on bilateral arrangements.

06 November 2024 - KenGen is also in Ethiopia and Djibouti while Malawi and Zambia have approached it for similar tests to ascertain the viability of their geothermal potential.

06 November 2024 - With The Spurt In Healthtech, AI-powered apps Are Now All The Rage Offering Groundbreaking Interventions In Africa’s Battle against Rising Obesity Rates. It’s an issue that affects a bulk of the continent’s population. In Africa, where rising rates…

06 November 2024 - Vitol Group, Trafigura Group, and BP Plc are the main buyers of fuel from Nigeria’s new Dangote oil refinery, which is making waves in petroleum trading across Africa and Europe.

06 November 2024 - Topline Donald Trump will return to the White House after winning Tuesday’s presidential race, The Associated Press projected just after 5:30 a.m. Wednesday, defeating Kamala Harris in a stunning comeback—check here for live updates. Timeline…

06 November 2024 - President William Ruto's administration has entered into a deal with the Malawian government to import refined petroleum products in bulk under a government-to-government (G-to-G) arrangement.

06 November 2024 - Prince William is in Cape Town on a four-day climate-focused tour, meeting with President Cyril Ramaphosa, engaging with young environmental leaders, and supporting wildlife conservation initiatives. His visit culminates with the presentation of…

06 November 2024 - COLOMBO, Nov. 6 (Xinhua) — Sri Lanka’s Cabinet of Ministers has approved the construction of 1,996 housing units for low-income families with funding provided by the Chinese government, cabinet spokesperson Vijitha Herath announced on Wednesday. At…

06 November 2024 - NAIROBI, Kenya, Nov 6 – NCBA Bank has forecasted a 4.8 percent GDP growth for Kenya in 2024, attributing the optimistic outlook to lower inflation and a favorable external environment. This projection aligns with the International Monetary Fund’s (…

06 November 2024 - Donald Trump, the 45th and now, 47th President of the United States of America today, won the US presidency after securing more than the 270 Electoral College votes needed to win the presidency.

06 November 2024 - NOV 6 – The dollar has surged as Donald Trump is now projected to have won the presidency and will re-enter the White House. Bitcoin has also hit a record high while traders bet on potential tax cuts, increased tariffs, and rising inflation under…

06 November 2024 - The IMF has warned Kenya against cutting interest rates further, despite the recent drop in inflation and stability of the shilling. In its first month, Kenya’s new SHA portal has processed over Sh1.6 billion in health service claims from hospitals…

06 November 2024 - Libya is set to hold its first energy exploration contract tender since the 2011 civil war, as the OPEC member aims to bring back oil majors who have been hesitant due to years of instability and production disruptions.

06 November 2024 - BERLIN, Nov. 6 (Xinhua) — Inequality and risk of poverty have hardly changed in Germany, despite increases in overall wealth in recent years, according to a report published on Wednesday. In 2021, the top 10 percent of households in Germany held 56…

06 November 2024 - The department of mineral resources & energy in South Africa has confirmed price increments for petrol and diesel across the country to be implemented immediately.