Business

10 September 2024 - Widely reported as contributing over $5 billion to the GDP in Africa, the continent’s film and audiovisual industries employ around five million people. Brimming with talent and original, quality content, Africa’s cinematic oeuvre is still being…

10 September 2024 - Turkey has been in discussions with Somalia about establishing a missile and space rocket test site in the Horn of Africa, according to sources familiar with the talks.

10 September 2024 - A second citizenship can open the door to better safety, security, education, and health outcomes. As some countries adopt sweeping changes to immigration laws, global citizens may seek to prioritise countries which honour the freedom of movement.

10 September 2024 - Slashed budgets to see several counties continue operating outside planned official headquarters.

10 September 2024 - The upcoming COP29 will be a pivotal moment for global climate action, with discussions on the New Collective Quantifiable Goal (NCQG) at the heart of the agenda. The NCQG is designed to mobilise essential financing to support climate action in…

10 September 2024 - NAIROBI, Kenya, Sep 10 – Health insurance technology platform M-TIBA has reduced claim approval time for providers by 96 percent through automation. M-TIBA’s platform offers real-time insights that help insurers cut costs, detect unusual behaviors…

10 September 2024 - Somalia is the main destination of miraa exports from Kenya, buying 99 percent of the exported crop.

10 September 2024 - DTB Bondo has been launched in Siaya County, as part of its local expansion into new sectors of the economy and taking its services closer to customers.

10 September 2024 - Small businesses that cannot afford backup power sources, are forced to close shop during the outages.

10 September 2024 - NAIROBI, Kenya, Sept 10- The High Court has issued a stay order prohibiting the government from implementing or acting on the privately initiated lease for the development of additional facilities at the country’s main international airport.…

10 September 2024 - SEP 10 – The new full state pension is expected to rise by £460 a year from April, latest wages data suggests. Under the arrangement called the “triple lock”, the state pension goes up each year by either 2.5%, inflation, or average earnings…

10 September 2024 - Safaricom has announced that all services on its mobile money platform M-Pesa will be unavailable for over four hours on Tuesday night due to a scheduled system maintenance.

10 September 2024 - NAIROBI, Kenya, Sept 10 – The New Kenya Co-operative Creameries (New KCC) has re-advertised the position of its Managing Director (MD) as part of efforts to overhaul the dairy sector. This development follows the recent appointment of Wycliffe…

10 September 2024 - Over the last five years, numerous corporates have announced layoffs - some due to tough economic times, while others have done so after changing their business models. In the media business, for instance, nearly all leading media houses in Kenya…

10 September 2024 - Kenya's finance ministry will seek suggestions from the public on new legislation to boost revenue and tackle other challenges, Finance Minister John Mbadi said on Monday, after protesters forced the government to withdraw its financing law.

10 September 2024 - SEP 10 – Europe’s top court has ruled Google must pay a €2.4bn (£2bn) fine handed down for abusing the market dominance of its shopping comparison service. The tech giant had appealed against the fine, which was originally levied by the European…

10 September 2024 - SEP 10 – Apple has been told to pay €13bn (£11bn; $14bn) in unpaid taxes to Ireland by the European Court of Justice (ECJ). The European Commission accused Ireland of giving Apple illegal tax advantages eight years ago but the Irish government has…

10 September 2024 - By Dr. Priscilla Njako SEP 10 – A discussion I was part of some weeks ago got me thinking. The conversation centered on the appropriateness, or otherwise, of legislation existing in the absence of a documented public policy. The debate closed with…

10 September 2024 - Absa Bank Kenya has revealed major milestones in its sustainability strategy, an initiative started in 2018 with the aim of enhancing sustainable development and responsible banking practices.

10 September 2024 - Jill Industries now recycles between 120 and 150 tonnes of plastic waste every month, and as Bhudia says, their aim is to increase that capacity to 300 tonnes per month.

10 September 2024 - Volkswagen is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals.

10 September 2024 - The former head of Rockwell Collins is ‘so competitive it’s scary’ says one industry insider, with a reputation for building a positive corporate culture and treating employees well. Wall Street wanted an outsider with engineering and…

10 September 2024 - High Court issues order prohibiting proposed lease of Jomo Kenyatta International Airport to Adani for 30 years.

10 September 2024 - A Kenyan court has temporarily halted the government's plan to grant India's Adani Airport Holdings Ltd. a 30-year contract to operate the country's main airport, pending a final ruling.

10 September 2024 - The newest entrants to the workforce, prioritise innovation and mental health.

10 September 2024 - NAIROBI, Kenya, September 10 – The Institution of Engineers of Kenya (IEK has called out for more transparency and inclusivity on the proposed lease of the Jomo Kenyatta International Airport (Jkia) to the Adani Airport Holdings Limited. In a…

10 September 2024 - CANBERRA, Sept. 10 (Xinhua) — Australia’s Prime Minister Anthony Albanese has announced a plan to ban children from using social media. The prime minister stated on Tuesday that the government will introduce legislation in 2024 to enforce a…

10 September 2024 - NAIROBI, Kenya, Sep 10 – The National Aids and STIs Control Programme (NASCOP) has revealed that at least 140 health facilities across the country have been selected to tend to the accelerating number of advanced HIV patients. Speaking in Machakos…

10 September 2024 - The shortcoming Uganda faces as a result of corruption was recently highlighted by a significant monetary loss the country recorded.

10 September 2024 - Lands Cabinet Secretary Alice Wahome has directed the Board of Registration for Architects and Quantity Surveyors (BORAQS) to rein in on quacks in the construction industry.

10 September 2024 - NAIROBI, Sept. 10 (Xinhua) – Kenya on Monday called on East African governments to ramp up investments in national cybersecurity strategies to safeguard savings and credit cooperatives (SACCOs) from escalating cyber threats. Cabinet Secretary for…

10 September 2024 - SEP 10 – The EU faces an “existential challenge” unless it vastly increases investment and reforms its industrial policy, a report ordered by the European Commission has warned. The wide-ranging and long-awaited review, which was led by former…

10 September 2024 - Namibia’s state-owned utility, NamPower, has inked a deal with two Chinese companies to begin construction of the country's largest solar power plant.

10 September 2024 - Currently, Starlink offers a competitive 50 gigabytes data package in Kenya priced at Sh1,300. Safaricom is lobbying the regulator to block foreign satellite internet providers (ISPs). 

10 September 2024 - Nigeria’s Department of State Services (DSS) has reportedly released the president of the Nigeria Labour Congress (NLC) Joe Ajaero, on bail. The NLC president was detained at the Nnamdi Azikiwe International Airport in Nigeria's capital city;…

10 September 2024 - In the last week, the country experienced two major power outages, crippling not just businesses and households but essential services providers such as hospitals.

10 September 2024 - Chinese investors are gearing up to establish manufacturing industries worth billions of shillings in Kenya and other African countries.

10 September 2024 - Pressure is mounting on commercial banks to reduce loan rates following a recent cut in the Central Bank Rate (CBR), Equity Bank among the first to respond.

09 September 2024 - Billionaire businessman Joel Kibe accuses the company of trampling on the rights of minority investors to benefit its majority shareholder Old Mutual East Africa Holdings.

09 September 2024 - Tapping of the emergency funds currently attracts an annual interest of 12.75 percent

09 September 2024 - Filings in EABL’s annual report for 2024 show that UBL has a historical book value of Sh687.65 million.

09 September 2024 - Protesting students call for the scrapping of the controversial funding model.

09 September 2024 - KSAA has sued Mining Cabinet Secretary Hassan Joho over the declaration of the Merchant Shipping Regulations 2024.

09 September 2024 - Some 24 million customers have accessed loans from the fund, while only about two million Kenyans have achieved a high credit rating.

09 September 2024 - KPC currently charges a flat rate of $22 (Sh2,832 at current exchange rates) per kilometre per fibre core.

09 September 2024 - Do You Prefer AIOr The Personal Touch? Some Insights On How Africa’s Hotel Sector Is Set To Welcome A New Era Of Hospitality. Artificial intelligence (AI) is changing the economic landscape and expected to boost global GDP by trillions of dollars…

09 September 2024 - The strong shilling has seen the foreign exchange rate fluctuation adjustment component of power bills cut by 84 percent.

09 September 2024 - Deemed interest might be justified as a measure to prevent tax avoidance in specific scenarios.

09 September 2024 - The information and insights gathered from enforcement of the Competition Act over the past 13 years present an invaluable repository to inform formulation of a strong policy.

09 September 2024 - Low-cost carriers cannot only transform the airline industry but also impact tourism, local and regional development.