Business

19 December 2024 - NAIROBI, Kenya, Dec 19 – The Competition Authority of Kenya (CAK) has granted unconditional approval for Kenafric Manufacturing Limited to acquire Economic Industries Limited (EIL). The approval, based on an assessment of competition and public…

19 December 2024 - Mr Criticos wanted NBK to stop deducting the withholding tax but the bank did not.

19 December 2024 - The Kenya Revenue Authority (KRA) has notified employers and members of the public of its plan to enforce the Tax Laws (Amendment) Act, 2024 from December 27, 2024, which will see Kenyans take home more money in terms of salaries ahead of the New…

19 December 2024 - In a groundbreaking appointment, Major-General Anita Asmah of Ghana has been appointed as the Head of Mission and Force Commander of the United Nations Disengagement Observer Force (UNDOF).

19 December 2024 - It has been a decade since the foot-tapping beats and vibrant culture of Amapiano became one of Africa’s most popular music genres. In recent years, it has been the toast of the global music scene as well, as African artists continue to release…

19 December 2024 - They were exposed to graphic social media content such as terrorism, child sexual abuse and murder.

19 December 2024 - In 2020, African countries saw a notable increase in chocolate product exports. Côte d'Ivoire led the continent, exporting over 51,000 metric tons of chocolate products.

19 December 2024 - Consumers are using credit and debit cards for retail payments less compared to cash and mobile money platforms.

19 December 2024 - South Africa and Nigeria have been identified as preferred destinations for investment deals in the next few years in Sub-Saharan Africa (SSA).

19 December 2024 - By Leonard Agufa DEC 19 – Digital piracy represents a significant and growing global challenge, with projections indicating that this illicit industry could reach a market value of $125 billion by 2028. Notably, movies and television shows account…

19 December 2024 - The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of Economic Industries Limited by Kenafric Manufacturing Limited.

19 December 2024 - According to a recent report by Euromonitor International, the Kenyan government is losing billions due to the illegal alcohol trade in the East African nation.

19 December 2024 - Air Afrik Aviation managing director Eric Lugalia filed a complaint against Stanbic Bank.

19 December 2024 - CAIRO, Dec. 18 (Xinhua) — The Egyptian cabinet granted Wednesday a United Arab Emirates (UAE)-based renewable energy company the “Golden License” to build an 850-million-U.S. dollar photovoltaic (PV) power generation project in Upper Egypt’s…

19 December 2024 - NAIROBI, Kenya, Dec 19 – Uber has announced the introduction of ‘Uber Van’ in Nairobi, which will allow drivers to carry a large group of passengers at a go. In a statement, the ride-hailing platform said that the new solution will boost drivers…

19 December 2024 - Dangote refinery has announced a reduction in the ex-depot price of premium motor spirit (PMS), commonly known as petrol, to N899.50 per litre. The refinery had previously adjusted the price to N970 per litre on November 24.

19 December 2024 - The loans, offering single-digit interest rates and a 10-year repayment plan, target rural and underserved areas. With Ksh150 billion allocated for housing projects, the government plans to build modest homes to improve living conditions for low-…

19 December 2024 - DEC 19 – El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies. The global lender said risks related to the adoption of the world’s largest…

19 December 2024 - NAIROBI, Kenya, Dec 19 – Little has introduced its point-of-sale (PoS) terminal solution, tapping into Kenya’s booming e-commerce market and cashless payment trends. The global PoS market is projected to exceed $103.83 billion by 2023.  The…

19 December 2024 - Plus: A $13.2 Billion Shopping Day; Holiday Spending Predicted To Hit Record Levels, But With Slower Growth; Inflation Makes Shoppers More Likely To Use Credit; Avoiding Shopping Scams This is the published version of Forbes’ CEO newsletter, which…

19 December 2024 - Cybercriminals have persisted in targeting Nigerian government websites, with the most recent attack on the Nigerian Bureau of Statistics (NBS).

19 December 2024 - BEIJING, Dec. 19 (Xinhua) — The U.S. Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, while signaling a slower-than-expected pace of easing next year. Fed officials…

19 December 2024 - NAIROBI, Kenya, Dec 19 – Conservationist and Green Thinking Action Party leader, Dr. Isaac Kalua Green, has called for a complete overhaul of the Kenya Forest Service (KFS) leadership, accusing officials of facilitating deforestation and selling…

19 December 2024 - Despite the United States economic sanctions against Cuba that has lasted for decades, Namibian President Nangolo Mbumba emphasized his commitment to supporting the small Caribbean nation.

19 December 2024 - Bangladesh accuses Adani Power of breaching multi-billion-dollar energy deal.

19 December 2024 - Increased construction and rollout of affordable housing a boon for the city.

18 December 2024 - The Victim Protection Board said that the National Treasury allocated Sh32.34 million, which is equivalent to just 7.1 percent of its annual operational requirement of Sh450 million.

18 December 2024 - The cause of the blackout in Kenya and Tanzania has not been revealed, but engineers believe it was caused by a fault in Tanzania.

18 December 2024 - Caregivers provide not only medical care, but also companionship and emotional support during what can be an isolating time for those in need.

18 December 2024 - The cement firm accounted for 95 percent of the NSE’s turnover of Sh9.38 billion, and 78 percent of the 174.6 million shares traded.

18 December 2024 - Single-family applicants will be eligible for a maximum loan of Sh5 million and up to Sh10 million for multiple-family dwellings.

18 December 2024 - Centum Real Estate, a Centum Investment Company subsidiary, had a turnover of Sh8.2 billion and a cash collection of Sh5.8 billion in the year to March 2024.

18 December 2024 - Justice Samson Okong’o ordered the members of Usonik Farm Purchase Cooperative Society to vacate the expansive land.

18 December 2024 - Saccos that have adopted digital platforms report up to 80 percent rise in revenues and reduction in operational costs.

18 December 2024 - The IEBC has been ordered to pay Sh152 million for the supply of solar lamps, which were procured for use during the 2012 general elections.

18 December 2024 - DAMASCUS, Dec. 18 (Xinhua) — Syria’s interim minister of economy in the caretaker government, Basil Abdulaziz Abdul Hanan, on Wednesday announced plans to embrace a free and competitive market economy, according to local Al-Watan Online news outlet…

18 December 2024 - NAIROBI, Kenya, Dec 18 – The National Environment Management Authority (NEMA) has suspended the Environmental Impact Assessment (EIA) license for a proposed restaurant and golf range at Ngong Road Forest Station.   The decision follows Environment…

18 December 2024 - NYERI, Kenya, Dec 18 — Fish farmers in Nyeri County are calling on climate experts to provide training on adapting to changing climatic conditions, which they say are causing significant losses in their aquaculture ventures.   During a tour of fish…

18 December 2024 - Gaining a second citizenship can lead to an improved quality of life across the metrics that constitute living standards, even for rich people.

18 December 2024 - Interest payments on external debt consume an increasingly large share of Kenya’s export earnings.

18 December 2024 - The parcel of about two hectares located in the South of Ruiru in Kiambu County belongs to Gateway Mall Limited.

18 December 2024 - Phone flashing impacts the entire mobile ecosystem, with the customers bearing the heaviest brunt.

18 December 2024 - The move is part of a strategy to bring financial services closer to people and businesses. The bank is using the opportunity to give the branch a major facelift into a pristine, modern, and convenient space.

18 December 2024 - Judge Alfred Mabeya dismissed the application, saying the issue of the properties' management should be dealt with in the bankruptcy court.

18 December 2024 - Kenyans are increasingly travelling between counties and cities, which could be used to boost local tourism.

18 December 2024 - Digital taxi firm Little has ventured into the payments segment with a new point-of-sale (PoS) system targeting mostly restaurants and online vendors seeking a pie of the growing industry. A PoS...

18 December 2024 - The value of having superb vacation destinations in Africa goes much beyond just offering beautiful getaways. These locations are essential for promoting economic expansion, amongst other advantages.

18 December 2024 - Unmanned aerial vehicles (UAVs) or Drones have undergone a significant transformation, from being a novelty to becoming an integral part of modern military arsenals.

18 December 2024 - The banking sector's risk profile has changed over the past decade, with cybersecurity, cross-border and climate risks becoming increasingly important.

18 December 2024 - Thermal IPPs will no longer be required to hold minimum stocks of heavy fuel oil if new legislation is passed.