Business

07 October 2024 - BERLIN, Oct. 7 (Xinhua) — Germany’s automotive sector experienced a downturn in the first half (H1) of 2024, with sales declining by 4.7 percent year-on-year, the Federal Statistical Office (Destatis) reported on Monday. Total sales in the first six…

07 October 2024 - OCT 7 – Garissa County has limited access to sustainable agricultural practices and digital literacy, posing challenges to food security and economic development. Traditional farming methods are insufficient in the face of climate change,…

07 October 2024 - OCT 7 – Garissa County has limited access to sustainable agricultural practices and digital literacy, posing challenges to food security and economic development. Traditional farming methods are insufficient in the face of climate change,…

07 October 2024 - NAIROBI, Kenya, Oct 7 – David Kibet Kemei has been appointed as the new Director-General (DG) of the Competition Authority of Kenya (CAK), effective immediately. With over 30 years of experience across various sectors, Kemei aims to enhance the…

07 October 2024 - Maritime Business and Economic Consultants Limited is advising KPA on new prices amid concerns that inflation has eroded the current service charges.

07 October 2024 - Hundreds of teachers in Zimbabwe held a peaceful demonstration over the weekend to demand salary increases amidst a backdrop of ongoing economic challenges.

07 October 2024 - The combined GDP of all African countries which currently stands at $2.8 trillion in 2024 is partly fueled by the strengths of Africa’s super five economies that power the continent.

07 October 2024 - NAIROBI, Kenya, Oct 7 — The country’s power generation has increased by 5.44 per cent since 2022, official government data has revealed. Data from the ministry of Energy and Petroleum availed on Monday showed generation across the country increased…

07 October 2024 - NAIROBI, Kenya, Oct 7 – The East African Breweries Limited spent Sh5.9 billion in youth, women, and people with disabilities-led businesses last year. This represents 7.9 percent of EABL’s total supplier base, surpassing the initial target of 6…

07 October 2024 - NAIROBI, Kenya, Oct 7 – Kenya is ramping up efforts to expand market volumes within the East African Community (EAC) region, with a strong focus on boosting micro, small, and medium enterprises (MSMEs). Speaking at the unveiling of the National…

07 October 2024 - OCT 7  – The average UK house price came close to reaching a record high last month as falling mortgage rates helped to boost confidence among buyers, according to Halifax. The UK’s largest mortgage lender said the average price hit £293,399 in…

07 October 2024 - Justice Monica Mbaru ruled that even in employment, protection of the employee's privacy is imperative.

07 October 2024 - Attack helicopters are specialized military assets typically used by the army or air force to provide firepower and close air support (CAS) for ground troops. On the continent, Egypt leads the pack with 100 attack helicopters, ranking 7th globally.

07 October 2024 - Kenya Power and Lighting Company (KPLC), the nation's electricity provider, has announced that customers will soon begin to monitor power outages and apply for electricity connection through its revamped digital self-service platforms.

07 October 2024 - Justice Monica Mbaru ruled that even in employment, protection of the employee's privacy is imperative.

07 October 2024 - Sofax Fluorspar Kenya Limited expressed interest to leasing the company for 25 years.

07 October 2024 - The Nigerian National Petroleum Company Limited (NNPC), Nigeria’s oil regulatory body, has reportedly decided to be hands off with the operations of Dangote’s refinery. Once actualized, fuel pricing would be determined by market forces as defined by…

07 October 2024 - Absa Bank Kenya PLC has announced the appointment of Marion Gathoga-Mwangi, who is Standard Group CEO, as an Independent Non–Executive Director with effect from Wednesday 2nd October 2024.

07 October 2024 - OCT 7 – While more SMEs realize that keeping customers happy is key to staying competitive, they often struggle with issues like limited access to technology, tight budgets, a lack of trained staff, and unreliable infrastructure. For instance,…

07 October 2024 - By Mariana Kemei OCT 7 – There is an evolution in the landscape of education, as the role of technology in enhancing learning has become more prominent than ever. The development of educational technology (EdTech) is a critical area where innovation…

07 October 2024 - By Tony O. Elumelu CFR The strength of our world lies in our unity and our collective purpose. This statement resonates deeply as I reflect on the important conversations held during the 79th session of the United Nations General Assembly (UNGA). A…

07 October 2024 - SACRAMENTO, United States, Oct. 7 (Xinhua) — Faced with shrinking student populations and budget constraints, school districts across the United States are grappling with difficult decisions about closing and consolidating under-enrolled schools. A…

07 October 2024 - Born and raised in Uganda, software engineer and rower Kathleen Noble has represented the East African country in the niche sport at two Olympic games. Those who did not know probably did a double take at the blonde-haired woman in Ugandan colors in…

07 October 2024 - NAIROBI, Kenya Oct 7 – The number of customers now using Kenya Power and Lighting Company (KPLC) self-service digital platforms has surged to 2.1 million, up from 1.7 million. The power utility firm noted the number of interactions on its…

07 October 2024 - Safaricom CEO and the Meru University Chancellor, Peter Ndegwa, has been conferred the degree of Doctor of Business Management (Honoris Causa) of Meru University of Science and Technology during the 12th Graduation Ceremony.

07 October 2024 - There were significant transformations in Africa’s business landscape in the last three quarters of 2024 which also reflected in the net worth fluctuations of some of the continent's richest individuals.

07 October 2024 - On the morning of July 14, 1978, South African Kevin Anderson left Shakespeare beach in Dover for Cap Gris-Nez in France – a 32km stretch of water that’s physically and mentally demanding. Strong currents, unpredictable weather, jelly fish, icy cold…

07 October 2024 - NAIROBI, Kenya, Oct 7 – The Assets Recovery Agency (ARA) is currently investigating 27 accounts that are linked to the key suspects in First Choice Recruitment and Consultancy Agency Limited. The agency is probing these accounts for possible…

07 October 2024 - OCT 7 – It was a regeneration idea that started half a century ago in the US, and has spread to other parts of the world. But can selling off empty, derelict properties for a nominal amount help solve urban blight? And who are the winners and losers…

07 October 2024 - CAIRO, Oct. 7 (Xinhua) — Revenues of Egypt’s Suez Canal dropped by 60 percent and the number of ships passing through the waterway decreased by 49 percent since the beginning of 2024, an Egyptian official said Sunday. The Suez Canal Authority (SCA)…

07 October 2024 - Foreign investment in Kenya has significantly increased in the first half of the year, compared to the fiscal year prior indicating growing investor confidence as inflation eases in the East African nation.

07 October 2024 - Balancing classes and social life, Ann Ongori launched Annie Styles, a second-hand clothing business that would promote affordable style among fellow students and also fund her studies.

07 October 2024 - Real estate developer Superior Homes Kenya has launched a Ksh30 billion modern and luxurious master-planned gated community in Ruiru, Kiambu County.

07 October 2024 - COLOMBO, Oct. 7 (Xinhua) — Sri Lanka’s revenue from tourism in the first nine months of 2024 has surged by around 61 percent compared to the same period in 2023, the latest data from the Central Bank of Sri Lanka (CBSL) showed. Sri Lanka made 2.35…

07 October 2024 - NAIROBI, Kenya, Sept 5 — The recent removal of visa restrictions between Kenya and South Africa has been celebrated by South African businesses as a significant boost for the tourism industry.  This sentiment was prominently voiced during the three-…

07 October 2024 - Standard Chartered Bank has cemented its foreign currency investments as investors increasingly seek opportunities beyond local markets.

07 October 2024 - The Senate wants the government to enter into new power deals or renew existing ones.

07 October 2024 - The difference dropped by Sh106 billion in the April to June period this year.

06 October 2024 - Mr Kirigua was listed as the Deputy Chief of Mission, Kenyan Embassy, Washington.

06 October 2024 - The new insurance system roll-out tumult-flung Mr Wachira, a seasoned insurer who has had decades-long experience in private practice, into the limelight.

06 October 2024 - Tatu City has a mixed use development sitting on 5,000 acres in Kiambu County, and which was gazetted as a special economic zone in 2017.

06 October 2024 - The horticultural sector generated Sh157 billion ($1.21 billion) in export earnings in 2023, according to data from the Agriculture and Food Authority (AFA).

06 October 2024 - Dr Mwasamwaja says that the biggest issue they currently face while treating H. pylori is that most people have become resistant to antibiotics.

06 October 2024 - Before the new tariffs, traders were charged about Sh18,900 ($145) for a 20-foot container and about Sh26,000 ($200) for a 40-foot container.

06 October 2024 - Organisations that consider these ESG issues improve their chances of long-term survival into the future and are better served by their leaders.

06 October 2024 - Disclosures from the National Treasury show that the loans NOC tapped from KCB Group and Stanbic Bank has grown from the initial Sh6 billion to hit Sh10.12 billion as of June this year.

06 October 2024 - Safaricom’s fibre optic footprint hit 17,000 kilometres at the end of March this year, marking a 21.4 percent growth from 14,000 kilometres in a similar period last year.

06 October 2024 - The bill provides for the creation of seven, yes seven, State agencies in the area of livestock.

06 October 2024 - The surge in outstanding loans from Sh974.2 billion to Sh1.197 trillion came in the when period outstanding on-lent loan arrears, which include principal and accrued interest not paid, amounted...

06 October 2024 - The Kenya Bankers Association (KBA) called for a ‘decisive’ cut to preserve economic growth and rekindle the demand for credit.