Business

01 October 2024 - A group of friends was enjoying their drink in a garden in Nairobi when they discovered that most of the ingredients in their drink were sourced from Africa and taken to Europe to make gin.

01 October 2024 - Kenyan investment firm International Controls Ltd, which owns Kenya Nut Company, has signed a cooperation agreement with a Chinese firm to boost the export of avocado and macadamia nuts.

01 October 2024 - NAIROBI, Kenya, Oct 1 – Ndovu Wealth Limited has today officially launched its Money Market Fund (MMF) dubbed Ndovu Fund with the aim of providing investors with diversified and affordable investment options. The launch of this Fund further…

01 October 2024 - NAIROBI, Kenya, Oct 1 – Kenya has secured the rights to host the Africa Youth in Tourism Summit and Innovation Challenge for 2025, 2026, and 2027. This annual Pan-African event, previously held in Ghana and Namibia, is designed to empower African…

01 October 2024 - The sweet returns on money market funds, bonds and fixed deposits have reached their peaks as interest rates fall.

01 October 2024 - The Central Bank of Kenya (CBK) has announced the licensing of 27 additional Digital Credit Providers (DCPs) as part of the government's efforts to safeguard Kenyans from unethical digital lenders.

01 October 2024 - NAIROBI, Kenya, Oct 1  – Global technology company Epson has set up a new sales company to serve the Middle East, Turkey, Africa, and Central & West Asia (META-CWA) region. With its headquarters in Dubai, UAE, the new regional operations will be…

01 October 2024 - NAIROBI, Kenya, Oct 1—Smartphone manufacturer Tecno Africa has launched its first-ever AI-powered ecosystem anchored on revolutionizing the continent’s tech landscape. According to Tecno, the move will have far-reaching effects on spurring…

01 October 2024 - NAIROBI, Kenya, Oct 1 -Absa Bank has bolstered its reach for its affluent segment through reorganized affluent banking division. The lender says the move is informed by addressing the evolving needs of modern consumers, especially within the…

01 October 2024 - President Bola Tinubu announced the clearance of the country's Ways and Means debt, totalling over N30 trillion.

01 October 2024 - In Africa, Russia-controlled Africa Corps influence extends beyond the battlefield into the economic sphere, where it engages in tactics that amount to economic warfare.

01 October 2024 - Safaricom has introduced M-PESA Ratiba, a mobile money feature that will allow users to set up standing orders, enabling automatic payments of recurring transactions and bills.

01 October 2024 - NAIROBI, Kenya, Oct 1 – Safaricom’s Mobile Money Platform, M-PESA has introduced M-PESA Ratiba, a first of its kind on mobile money feature that will allow users to set up standing orders directly from their M-PESA wallets, enabling seamless and…

01 October 2024 - Anold Kebati is a budding laundry business owner based in Kiambu County. Besides, he is a nursing student at Jomo Kenyatta University of Agriculture and Technology (JKUAT).

01 October 2024 - WASHINGTON, Oct. 1 (Xinhua) — U.S. Federal Reserve (Fed) Chair Jerome Powell said Monday that if the economic data stays stable, future rate cuts are expected to be smaller than the half-percentage-point reduction in September. “Looking forward, if…

01 October 2024 - NAIROBI, Kenya, Oct 1 – The Kenya Electricity Transmission Company (KETRACO) has signed a contract with the Consortium of Grid Solution SAS to construct a new National System Control Centre (NSCC). In a statement, KETRACO said that the 81 million…

01 October 2024 - From one employee, the company currently employs more than 100 people and plans to relocate to Kamulu in Nairobi to expand production capacity.

01 October 2024 - Company to invest 45 percent of its funds in Africa, targeting high-impact businesses.

01 October 2024 - The government has rolled out the Climate Resilience Service Program (CRSP) initiative dubbed Climate WorX. The initiative rolled out on Tuesday, October 1, 2024, is an employment transition program for youth in Kenya aimed at fostering climate…

01 October 2024 - The Social Health Authority (SHA) is established under section 25 of the Act and is utilized to pool all contributions made under the Act. SHA is designed to provide healthcare services from empanelled and contracted healthcare providers and…

01 October 2024 - KRA believes this proposal could provide a crucial lifeline for enhancing operational efficiency and meeting the ambitious goals set by the Kenya Kwanza administration. 

01 October 2024 - KRA believes this proposal could provide a crucial lifeline for enhancing operational efficiency and meeting the ambitious goals set by the Ruto administration.

30 September 2024 - Kenya Electricity Transmission Company (KETRACO) has signed a contract with Consortium of Grid Solution SAS to build a new National System Control Centre (NSCC) in Embakasi.

30 September 2024 - Mr Joho said the ministry issued Gazette notice No 8060 to the public about an application for a mining license by Simba Cement.

30 September 2024 - Under the new health plan, Kenyans will be deducted 2.75 percent of their monthly income starting October.

30 September 2024 - Indonesian energy firm PT Pertamina Geothermal Energy is seeking entry into Kenya's power production sector following a deal to develop two geothermal fields in Suswa and Olkaria.

30 September 2024 - This kind of financial experimentation is often disastrous, especially when individuals fail to grasp the issues and nuances of managing wealth or investment opportunities.

30 September 2024 - There is a need to undertake bold agricultural reforms that leverage smallholder farmers, directing investments towards the sector.

30 September 2024 - Construction of the new facility is being financed jointly by the Agence Française de Développement (AFD) and the French Ministry of Finance.

30 September 2024 - Tea factories that produce quality green leaves attract better prices at the Mombasa tea auction and the annual bonus according to a new report.

30 September 2024 - Kenya Reinsurance Corporation (Kenya Re) and the University of Nairobi have launched the Kenya Re AI4Insurance Hackathon 2024, where students will develop solutions that address real-world (re)insurance challenges.

30 September 2024 - Usage-based insurance is vehicle insurance that adjusts premiums based on the driver's behaviour.

30 September 2024 - Employees have been contributing between Sh150 and Sh1,700 towards NHIF.

30 September 2024 - The United Nations security council, on Monday was informed about the large sum rebels generate in the eastern part of the Democratic Republic of Congo (DRC). They were informed on the illegal tantalum operations going on in the area.

30 September 2024 - Records show that State corporations held Sh379.8 billion worth of pending bills as of June this year.

30 September 2024 - The units were part of phase two of Centum’s Loft residences project located at the Two Rivers commercial and residential complex.

30 September 2024 - East Africa is home to some of the continent’s fastest-growing economies, with projections placing regional growth at 5.1 percent in 2024 and 5.7 percent in 2025.

30 September 2024 - Justice Olga Sewe ruled that Rhak failed to demonstrate the illegality of a notice issued by KPA seeking to implement the deal with the devolved unit.

30 September 2024 - Despite the appeal of homeownership, it is easy to make mistakes during the mortgage process, especially for first-time buyers.

30 September 2024 - Toxic leaders – no, “bosses” fits better – neither trust others nor, deep down, trust themselves.

30 September 2024 - While sustainability reporting has over the past few years gained significant traction, assurance and verification of the data being reported remains minimal.

30 September 2024 - The movie respects its audience. It doesn’t spoon-feed you every detail.

30 September 2024 - Retail investors who wished to remain invested had an option to top-up their unit holdings to meet the professional investor threshold of Sh5 million.

30 September 2024 - The multinational tech company announced that it has been allowed by KRA to integrate with eTIMS to provide end-to-end compliance for companies that have difficulties on-boarding to the platform.

30 September 2024 - Dear Born 1993s‍, I like to be the bearer of good news so I will start off on this note. If you are reading this and you were born anytime in 1993, you will be turning 30 this year - The third floor is here - just like that!‍

30 September 2024 - CPF is among shareholders of the newly established Kenya-based DGC, an East Africa-focused limited liability company.

30 September 2024 - For Naina, it is her choice of plants that have worked for her.

30 September 2024 - Subterranea is an eight-part Showmax Original, Kenya’s first sci-fi drama series produced by Kibanda Pictures.

30 September 2024 - The International Energy Agency has predicted demand for oil and gas to peak before 2030.

30 September 2024 - NCBA has acquired two hybrid electric vehicles (HEVs) from CFAO Mobility Kenya, following its commitment to environmental responsibility under the "Change the Story" initiative.