Business

04 November 2024 - NAIROBI, Kenya, Nov 4 – The Kenya National Chamber of Commerce and Industry (KNCCI) has appointed Ahmed Farah, former Country Director of TradeMark Africa (TMA) Kenya, as its new CEO. Farah takes over from Patrick Nyangweso, who held the position…

04 November 2024 - LONDON, Nov. 4 (Xinhua) — The British government has announced a 2-billion-pound (about 2.59-billion-U.S. dollar) reduction in its Official Development Assistance (ODA) budget, reducing foreign aid spending from 0.58 percent of Gross National…

04 November 2024 - The advent of social media has revolutionized the way individuals communicate, connect, and share information. While social media has numerous benefits, its impact on productivity is a topic of growing concern as users spend more daily time on the…

04 November 2024 - Today, much of the conversation centres around the National Treasury’s proposed changes to the tax regime through the Business Laws Amendment Bill 2024, the Tax Laws (Amendment) Bill 2024, the Tax Procedures (Amendment) Bill 2024, and the Public…

04 November 2024 - Countries such as the Democratic Republic of Congo, Mali, and Cameroon not only use French as an official language but also as the native tongue for parts of their population.

04 November 2024 - NOV 4 – Environmental campaigner Julie Bolthouse points out that Northern Virginia has the world’s largest concentration of data centres. This is not something she is thrilled about. “We’re the Wall Street of the data centre industry,” says Ms…

04 November 2024 - VIENNA, Nov. 4 (Xinhua) — Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Uber has partnered with Safaricom to provide free data bundles to drivers, delivery partners, and riders using the Uber and Uber Eats apps. In this arrangement, Safaricom has zero-rated the Uber apps, allowing free access…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Kenyan recruitment platform BrighterMonday has teamed up with ed-tech company Arifu to launch the #BeaBossLady initiative, a program designed to support and empower women aged 18-35 across Kenya, Uganda, and Nigeria. This…

04 November 2024 - TOKYO, Nov. 4 (Xinhua) — The Japanese government is unlikely to present its planned cybersecurity bill by the end of this year due to political uncertainties following the recent general election, Kyodo News reported Sunday, citing government…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Tourism stakeholders are urging the government to lower taxes in the sector, especially as the festive season approaches, to boost tourist numbers. At a Tamarind Tree Hotel event, General Manager John Musau advocated for…

04 November 2024 - The fresh proposals are part of recommendations backed by the International Monetary Fund.

04 November 2024 - Parliamentary Budget Office says the government should improve tax administration through better enforcement of policies.

04 November 2024 - Nigeria's Dangote refinery has raised alarm over the import of substandard petroleum products into the country and the lack of laboratory facilities by the country's oil regulator.

03 November 2024 - Developing the skills needed to compete in the global digital economy is critical.

03 November 2024 - The World Bank reckons that the domestic consumers could be forced to pay more should the large consumers migrate to the new entrants.

03 November 2024 - The sector is critical in providing job and income opportunities for young women and men.

03 November 2024 - Bamburi is the subject of two competing takeover offers from Tanzanian conglomerate Amsons Group and Kenyan company Savannah Clinker, which were announced on July 10 and August 27 respectively.

03 November 2024 - NSE foreign portfolio flows remain negative at an outflow position of Sh429.2 million on a year-to-date basis.

03 November 2024 - Tea is Kenya’s third largest foreign exchange, and it provides a livelihood of over 620,000 smallholder farmers and supports over six million people.

03 November 2024 - The court’s decision comes following a lawsuit filed by IATA and its insurer, Saham Assurance Company Kenya Limited against Hubaal and its directors Abdullahi Ahmed Kanyare and Mohamed Abdi Omar.

03 November 2024 - Presently, the workers get a tax relief equivalent to 15 percent of their housing and SHIF contributions, which is smaller compared to the proposed regime where they are first deducted from gross...

03 November 2024 - Charges against Devani paint a picture of how well-intentioned localisation programs are prone to abuse by well-connected individuals.

03 November 2024 - Safaricom’s senior manager of Managed Security Services, Phides Nyamohanga, stressed the importance of research and development.

03 November 2024 - The judge said that excise duty is not chargeable on services exported from Kenya in line with Section 7 (4) of the Excise Duty Act.

03 November 2024 - Under the programme, KRA waived penalties, interest, and fines on taxpayers who had cleared their principal tax arrears for periods up to December 31, 2022.

03 November 2024 - The healthcare industry contributes about five percent of the total global greenhouse gas (GHG) emissions, and it is also clear that climate change will result in health crises.

03 November 2024 - CBK cut its benchmark lending rate last month from 12.75 percent to a flat 12 percent, in a move aimed at restoring the demand for credit in the economy.

03 November 2024 - Kenya is a net importer of goods. In 2023, the country’s expenditure on imports totaled Sh2.49 trillion, down from Sh2.61 trillion in the previous year.

03 November 2024 - The Treasury said that the proposals aim to expand the tax base by bringing the income of the owners of the digital platforms that offer the above services into the tax bracket.

03 November 2024 - NOV 3 – Chidinma Emeneka is struggling to keep her business afloat amid power outages in Lagos. The reception is poorly lit and a small fan barely moves the humid air as staff at Chidinma Emeneka’s laundry service in Nigeria’s commercial capital,…

03 November 2024 - BEIJING, Nov. 3 (Xinhua) — Amid growing competition in artificial intelligence (AI) development, experts attending the 2024 Beijing Forum have emphasized the need to enhance the collaboration between China and the United States in the field of AI.…

03 November 2024 - NOV 3 – Residents of Nairobi City will soon enjoy increased supply of clean drinking water as the Northern Collector Tunnel in Murang’a is near completion, President William Ruto has announced. He said the 11.8km tunnel will bring 140,00 cubic…

03 November 2024 - Unlike traditional roles that offer fixed hours and benefits such as healthcare and paid leave, gig work is characterised by its temporary, task-based nature.

03 November 2024 - NOV 3 – Bitcoin underpins a two trillion-dollar cryptocurrency industry, is now traded by the world’s biggest investment houses and is even an official currency in one country. But despite its meteoric rise, a deep mystery remains at its heart:…

03 November 2024 - NAIROBI, Kenya, Nov 3 – As of June 30, 2024, the Kenya Revenue Authority (KRA) received 8 million tax returns, exceeding its target by 26%, President William Ruto revealed during the Taxpayers’ Day awards on Friday. President Ruto commended Dr.…

03 November 2024 - The infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009.

03 November 2024 - Treasury proposes to remove taxes on some pension payments and to increase deductible contributions.

03 November 2024 - Court finds Kenya Rialways grabbed private land in the construction of the Mombasa-Nairobi standard gauge railway (SGR) line in Embakasi.

03 November 2024 - If the years have taught Deepesh Jha, who recently turned 50, anything, it is to focus on what matters.

03 November 2024 - African ministers were attending the International Monetary Fund's annual meetings in Washington DC.

02 November 2024 - Nigeria's national oil company, the NNPCL and its counterpart in Morocco, the Office National des Hydrocarbures et des Mines (ONHYM) have announced a significant milestone in the plan to kickstart the African Atlantic Gas Pipeline (AAGP) project.

02 November 2024 - The new sugar board will regulate, develop, and promote the sugar industry.

02 November 2024 - The president of Kenya, William Ruto, during the annual Tax Payers' Day at State House, disclosed plans for tax reforms, and by extension, revenue generation.

02 November 2024 - The United Nations has issued a warning about an impending crisis of severe hunger and famine in certain regions, driven by conflict, climate change, and economic stress.

02 November 2024 - The quest for a better life and improved living conditions has led to an increase in the number of people pushing to migrate.

02 November 2024 - The partnership and relationship between South Africa and the United Arab Emirates (UAE) will deepen further and the UAE has been invited to the G20 summit in Johannesburg next year, said South Africa’s Minister of Public Works and Infrastructure…

02 November 2024 - Taxes imposed on the troubled firm were on consignments allegedly exported to Burundi between 2013 and 2017.

02 November 2024 - The government of Kenya, through the Ministry of Agriculture, has announced plans to purchase one million bags of maize from farmers across the country at a price of Ksh.3,500 per 90kg bag.

02 November 2024 - ACCRA, Nov. 2 (Xinhua) — Ghana on Friday launched its first 5G network to boost the country’s digital transformation and economic growth. The 5G network was built by Next-Gen InfraCo, a consortium of telecommunication service companies, which…