Business

04 October 2024 - The government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, the IMF told Reuters, after a push by Western nations.

04 October 2024 - Foreign investors prefer Treasury bills to bonds as local investors opt for shorter-term securities in a rising interest rate environment.

04 October 2024 - Topline College students who get short phone breaks during class periods score higher on tests and use their phones less during lectures, according to a new study, the newest research in a heated debate about cellphone use and its effects on…

04 October 2024 - Topline Los Angeles District Attorney George Gascón has said his office will review the case of Lyle and Erik Menendez, convicted of murder for killing their parents in 1989, two weeks after Netflix released the controversial Ryan Murphy series “…

04 October 2024 - Bill proposes Sh20 million fine or 10-year jail term for individuals who use their phones or computers to cause fear of violence.

04 October 2024 - High cost of groceries within a city, has the potential to significantly affect households, the economy, and wider socioeconomic dynamics. Fortunately, this problem is non-existent in several regions globally. Among said regions are some African…

04 October 2024 - The airline is also banking on a water bottling plant to cut costs and turn a profit.

04 October 2024 - WASHINGTON, Oct. 4 (Xinhua) — U.S. employers added 254,000 jobs in September, as unemployment rate edged down to 4.1 percent, signaling that the labor market remains steady, the U.S. Labor Department reported Friday. Employment continued to trend up…

04 October 2024 - KIGALI, Oct. 4 (Xinhua) — Rwanda emerged among the top performers in fostering a welcoming business and investment environment, according to an inaugural World Bank Business Ready (B-READY) report unveiled Thursday. The first edition of the report,…

04 October 2024 - Countries, like companies, have brands that reflect their identity, values, and perceptions. In Africa, the importance of national branding is particularly pronounced, with countries competing for attention and investment in the global market.

04 October 2024 - NAIROBI, Kenya Oct 4 – Kenya Airways (KQ) has announced plans to boost fleet capacity from the current 42 to 55 aircraft in the next 5 years. KQ CEO and Group MD Allan Kilavuka said that the acquisition will boost efficiency, resulting in revenue…

04 October 2024 - Nigeria's central bank has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM).

04 October 2024 - Nigeria's export value decreased in the second quarter of 2024 compared to the quarter before. When compared to the same quarter last year, the nation did, however, see an uptick. This was partly thanks to the products the country exported to other…

04 October 2024 - Have you ever passed near a retail shop or visited an eCommerce site and seen a poster offering you the chance to buy products and pay in installments? The posters will often read, "Lipa pole pole," "Lipa baadaye," "Lipa mdogo mdogo," or "Buy now,…

04 October 2024 - OCT 4 – Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states backed the plans. The move to introduce tariffs aims to protect the European car industry from being undermined by what EU…

04 October 2024 - NAIROBI, Kenya, Oct 4 – Standard Chartered says it has reinforced its commitment to global investments in Kenya as more local investors seek to diversify their portfolios beyond domestic markets. The lender says it has introduced new products this…

04 October 2024 - NAIROBI, Kenya, Oct 4 – The Kenya Medical Research Institute (KEMRI) has prepared specialized laboratories across the country following the outbreak of Marburg Virus Disease (MVD) in Rwanda. Speaking at the KEMRI Mtwapa Research Facility in Kilifi…

04 October 2024 - NAIROBI, Kenya, October 4 – A phase 3 clinical trial has been initiated by the Kenya Medical Research Institute (KEMRI) to evaluate the efficacy level of the M72/ASO1E tuberculosis (TB) vaccine. Speaking at the KEMRI Mtwapa Research Facility in…

04 October 2024 - AirAsia X (AAX) has announced the launch of its first-ever direct flights connecting Kuala Lumpur to Nairobi, a strategic move expected to significantly boost Kenya’s tourism sector.

04 October 2024 - Penresa had an insightful conversation with His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President of the Republic of Botswana, discussing the nation’s unparalleled management of its diamond deposits, elevating it to an upper-middle-income…

04 October 2024 - OCT 4 – Kenya and South Korea have marked a major milestone in their bilateral relations, celebrating 60 years of diplomatic ties that have fostered strong cooperation across varous sectors, including trade, technology, education, and culture. This…

04 October 2024 - OCT 4 – UniWorld Group Africa (UWG Africa) and Kasi Insights today announced a new partnership to launch the Gen Z Growth Playbook: Unlocking the Power of Z to Drive Sustainable Growth in Kenya. This comprehensive resource provides actionable, data-…

04 October 2024 - In light of the growing demand for copper, cobalt, lithium, all of which are necessary to power the growing tech age, and a greener earth, countries with large reserves of these minerals are prime for larger revenue generation. Fortunately, there…

04 October 2024 - Cornerstone Developments is transforming Ghana’s real estate with energy-efficient, high-end residential properties. “Ghana is a very safe place to be, and investing in Cornerstone Developments is a great investment for anyone looking to bring their…

04 October 2024 - “Our commitment is to respond to emerging dynamics, one of which is opening up the economy for fair competition.” H.E. DR. Mokgweetsi Eric Keabetswe, President of Botswana The 1960s marked a turning point in Botswana’s history as the country…

04 October 2024 - Asset financier Mogo has issued a statement in response to a recent ruling by the Competition Authority of Kenya (CAK), which found the company liable for false and misleading representation toward its customers.

04 October 2024 - NAIROBI, Kenya, Oct 4 – Investors have been asked to take advantage of the immense investment opportunities in Northern Kenya. A new study by Interpeace, an international peacebuilding organization, has identified entry points for peace-positive…

04 October 2024 - NAIROBI, Kenya, Oct 4 – The Kenya Tourism Board has entered into an agreement with AirAsia (AAX), a Malaysian low-cost carrier, to connect Africa and Asia with direct flights. Under the deal, AAX and KTB will conduct joint promotional activities,…

04 October 2024 - OCT 4 – The government will prioritise and increase investment in major projects at this month’s Budget, Chancellor Rachel Reeves has said. In addition, she announced a nearly £22bn investment in two major new carbon capture schemes over 25 years.…

04 October 2024 -  NAIROBI, Kenya, Oct 4 – Kenya Airways (KQ) is aiming to generate Sh322 million from the sale of duty-free products to passengers by the end of 2024. According to Michael Ithau, the airline’s In-flight Performance Manager, the duty-free service was…

04 October 2024 - Mogo Kenya has announced that it has stoppėd offering dollar-denominated loans in Kenya. The lender says the move was effected in May 2024, following complaints from Kenyans who had taken such loans, resulting in them paying more following the…

04 October 2024 - Private firms paused hiring or firing staff in September on falling demand for goods and services.

04 October 2024 - NAIROBI, Kenya, Oct 4 – Asset financier MOGO has stopped issuing dollar-denominated loans after entering into an agreement with the Competition Authority of Kenya (CAK). The removal follows complaints from customers whose payments went up after the…

04 October 2024 - The National Bank of Ethiopia has allocated $175 million in foreign exchange to the state-owned Ethiopian Petroleum Supply Enterprise to cover upcoming fuel-related import payments.

04 October 2024 - By Grace Wandera OCT 4 – In every economy, the collective contribution of taxes serves as the bedrock of national growth and prosperity. Taxpayers are the primary source of revenue for governments worldwide, financing public services, infrastructure…

04 October 2024 - OCT 4 – Next time you’re running at full tilt towards your airport gate, spare a thought for the airline staff who made sure that that gate was actually available. Gate allocation is a surprisingly complex task. “With 15 gates and 10 airplanes,…

04 October 2024 - NAIROBI, Kenya, Oct 4 – The Competition Authority of Kenya (CAK) has fined asset financier Mogo Sh10.9 million for engaging in false and misleading representation and unconscionable conduct against its customers. CAK says the decision follows…

04 October 2024 - Public participation on DP Gachagua impeachment begins across Kenya

04 October 2024 - CAK found the firm to have false and misleading credit payment terms.

04 October 2024 - ROME, Oct. 4 (Xinhua) — Microsoft has announced plans to invest 4.3 billion euros (4.74 billion U.S. dollars) in Italy to develop infrastructure for artificial intelligence (AI) and cloud-based data centers. The announcement on Wednesday night came…

04 October 2024 - NAIROBI, Kenya, Oct 4 – The Kenya Electricity Transmission Company(KETRACO) has declined to disclose information regarding the company’s reported partnership agreements with an Indian firm Adani Energy Solutions, whose sister company is also facing…

04 October 2024 - The private sector is facing increasing headwinds, with a record decline in business morale, raising concerns about the country's economic outlook. 

04 October 2024 - CAK mandated Mogo to cease misleading practices and resolve outstanding complaints.

04 October 2024 - Kenya is adopting latest global energy efficiency and saving technologies to achieve its decarbonisation target of making its energy generation activities entirely green.

04 October 2024 - Weak new orders and subdued consumer demand led to declines in wholesale, retail, agriculture, and services sectors.

04 October 2024 - The surge reflects improving investor sentiment and a rebound in the market.

04 October 2024 - Mining Cabinet Secretary Hassan Joho has been drawn into the internal power struggles at the Kenya Maritime Authority, which recently saw the ouster of Director General Martin Munga.

04 October 2024 - Treasury Cabinet Secretary John Mbadi has accused the Controller of Budget of rent-seeking and hampering the operations of county governments.

03 October 2024 - Net-metering allows power producers to sell excess energy to the grid during periods of overproduction to partially offset the cost of what they draw from the mains.

03 October 2024 - M-Kopa’s suit reveals the risk of offering goods to a risky segment of the population in a time when the buy-now-pay-later (BNPL) lending model, where consumers pay off a purchase in instalments,...