Business

19 September 2024 - NEW YORK, Sept. 19 (Xinhua) — U.S. stocks ended lower on Wednesday, after the Federal Reserve announced a 0.5-percentage-point interest rate cut. The Dow Jones Industrial Average fell 103.08 points, or 0.25 percent, to 41,503.1. The S&P 500…

19 September 2024 - A discrepancy of Sh49.5 billion has prompted a Senate committee to direct the Treasury to investigate the true position of the accumulated bills.

19 September 2024 - Many insurers have over-invested in real estate, hindering their ability to meet claim obligations.

19 September 2024 - Majid Al Futtaim, which operates Carrefour in Kenya, has announced the opening of its 24th store in the country, in Ruiru town, at the newly developed Nord Mall.

19 September 2024 - The country already has two energy performance regulations.

19 September 2024 - The Kenya Power and Lighting Company (KPLC), the state-owned utility which transmits, distributes and retails electricity to customers throughout the country, has posted upcoming scheduled maintenance outages that will occur today Thursday,…

19 September 2024 - Lake transport has cut transport costs between Kisumu and Uganda by up to 30%.

19 September 2024 - Digital technologies generated USD 16 billion (Ksh.2.06 trillion) in economic activity across Sub-Saharan Africa in 2023, according to a new report released by Google.

19 September 2024 - The International Monetary Fund has called on the Kenya Kwanza administration to develop new tax policies to unlock billions of dollars in loans.

19 September 2024 - How the multi-billion-dollar nuclear power plant project will be financed in a heavily indebted country is yet to be determined

19 September 2024 - The insurance sector in Kenya has settled claims worth over Ksh.5 billion owing to flood-related damages.

18 September 2024 - KQ last year revamped its online booking systems, eliminating costly human –interfaces which added to its overall expenditures.

18 September 2024 - SEP 18 – The US central bank has cut interest rates by more than expected in its first reduction in over four years, a milestone moment for the world’s largest economy. The Federal Reserve said it would lower the target for its key lending rate by…

18 September 2024 - Overall, sacco members tapped new loans worth Sh460.5 billion in 2023, with debt for school expenses having accounted for 21 percent of the credit issued in the period.

18 September 2024 - SEP 18 – Boeing is suspending the jobs of tens of thousands of staff in the US in response to a strike that has shut down production of some of its airplanes. The aerospace giant said US-based executives, managers and staff would be asked to take…

18 September 2024 - NAIROBI, Sept. 18 (Xinhua) — The International Monetary Fund (IMF) on Tuesday urged Kenya to intensify efforts to tackle budgetary and economic challenges, following reforms in the East African country that sparked mass protests in June. Haimanot…

18 September 2024 - If there is one top lesson the couple has learnt about entrepreneurship, it is never to give up.

18 September 2024 - Approvals of projects of this magnitude, which involve multiple agencies and ministries, often take months.

18 September 2024 - There is a need for an independent Companies Tribunal to hear and decide on minor company disputes.

18 September 2024 - Ketraco wants to build the five projects through the public-private partnership (PPP) framework.

18 September 2024 - Topline The Federal Reserve took the widely expected step Wednesday of announcing its first interest rate cut in years, a move that will have a major impact on the finances of Americans across the board, making borrowing cheaper, though the golden…

18 September 2024 - A more sustainable way for organisations is to consciously cultivate a thriving company culture.

18 September 2024 - Remote work offers opportunities to those in countries with limited local job prospects.

18 September 2024 - Mr Ntabo is now an indigenous crop farmer in King County, one of Washington’s counties.

18 September 2024 - The affordable housing financier has been weighing the market for a possible issuance of the second tranche.

18 September 2024 - The CS said the increment from Sh18 to Sh25 is justified because more funds are needed for maintenance of the road network which has increased by 77,671 kilometres since 2016 when the levy was...

18 September 2024 - Trade liberalisation under the AfCFTA is anticipated to boost FDI by lowering entry barriers and regulatory risks, thereby enhancing the overall investment environment.

18 September 2024 - A pioneering pediatric dentist and co-founder of Riverdale Clinic, Dr Diana Okello has forged a path that combines medical expertise with astute business acumen.

18 September 2024 - KNBS estimates that there are about 7.4 million MSMEs in Kenya that employ over 14.4 million Kenyans across all sectors of the economy.

18 September 2024 - Since its entry into Kenya in July last year, the Starlink service has stirred the market.

18 September 2024 - The court noted that three investors expressed interest in the logistics company and were willing to inject sufficient capital to help pay the creditors.

18 September 2024 - A corporate giant’s algorithm is designed solely to capture precious attention and to create a sense of excitement.

18 September 2024 - Carbon offsets have a critical role to play in the decarbonisation journey for aviation, but they are not the end solution.

18 September 2024 - NAIROBI, Kenya Sept 18 – Sector players in the Jua Kali Industry have urged the government to ensure that Technical Vocational Education and Training Institutes (TVETs) are well and technologically equipped with modern equipment to meet…

18 September 2024 - The Members of Parliament (MPs) on Wednesday unanimously confirmed Douglas Kanja Kirocho as the next Inspector General of the National Police Service-Kenya, filling the critical national security position left vacant following Japhet Koome’s…

18 September 2024 - Engineering firm Resqtec has lost the bid to stop a Sh283 million tender awarded to a rival firm to supply the Jomo Kenyatta International Airport with an aircraft recovery system.

18 September 2024 - Anti-riot police fought running battles with farmers who tried to set fire to the factory.

18 September 2024 - It is time for the GoK to invite a strategic investor into Kenya Re, bringing much needed strategic value.

18 September 2024 - Shelter Afrique has invited bids for a private auction set for September 19.

18 September 2024 - Absa Bank Kenya, in partnership with Visa, a global leader in digital payments, has introduced an exclusive Infinite Card, becoming the first bank in Kenya to launch a card in a metal design.

18 September 2024 - The sentiment that Africa is heading in the wrong direction is most pronounced in countries like Nigeria, where a significant 84% of youth express concern, followed by Cameroon, Chad (66%), and Congo Brazzaville (62%).

18 September 2024 - The Kenya Revenue Authority (KRA) received Sh153.33 billion in taxes in the review month.

18 September 2024 - The government has committed to safeguarding maritime workers' rights, including fair wages.

18 September 2024 - Adani Airports Holdings Ltd fights cases filed to block the JKIA deal

18 September 2024 - Coffee production increased from 34,511 metric tonnes in 2020/21 to 51,853 metric tonnes in 2021/22

18 September 2024 - Tullow Oil is yet to make much headway in its search for a strategic partner, which remains one of the key aspects needed to move Kenya's oil project forward. 

18 September 2024 - Commercial exports are expected in 2028.

18 September 2024 - Nigerian chef Tolulope Erogbogbo has made it his mission to introduce authentic cuisine from his home country to the world. He shares the next phase of his journey with FORBES AFRICA. In the luxurious ‘Members Only’ club of Soho House in Los…

18 September 2024 - Kenyas insurance sector paid over Sh5 billion in flood related claims this year

18 September 2024 - The country has close to 5000 electric mobility vehicles and motorcycles.