Business

03 September 2024 - The new levy means that a business in a Sh1 billion contract with the government now has to surrender Sh300,000, while a firm supplying goods valued at Sh1 million will be levied Sh300.

03 September 2024 - Local donors have an important role in promoting long-term growth and resilience in development and humanitarian relief. However, when the number of local contributors is low, it might harm national and community development. Some African…

03 September 2024 - According to a report, cybercrime costs in Africa are estimated to be $10 billion in 2023, with Kenya’s costs potentially reaching $383 million.

03 September 2024 - Carbacid’s takeover of BOC Kenya would form the largest gases company in the region.

03 September 2024 - The Chandaria family of 36 stayed together in one house. There was only one motor vehicle available for all of them. There were six Chandarias among the 40 employees of Kaluworks.

03 September 2024 - The government has been subsidising the cost of petroleum products, which has partly been among the factors driving down pump prices, but this has also been adequate to lift consumption.

03 September 2024 - Absa Bank Kenya has launched a new Corporate and Investment Banking campaign themed "Invested in Your Story" that emphasizes moving beyond simply delivering competitive solutions and services to a deeper understanding of client's needs and a…

03 September 2024 - Nigeria is currently the second-largest oil producer in Africa and a member of Opec

03 September 2024 - The global tech industry has recently witnessed a wave of layoffs triggered by the COVID-19 pandemic and the harsh economic climate. The African tech sector faced substantial layoffs since 2020, with big e-commerce platforms like Jumia and Alerzo…

03 September 2024 - Following the commencement of petrol production at Dangote refinery, billionaire businessman Femi Otedola has warned depot owners that it might be wise to sell their depots for scrap before the market shifts.

03 September 2024 - Mr Bergeron’s name featured prominently in 2022 at the peak of the countrywide fuel shortage

03 September 2024 - The Swarovski Foundation has unveiled the 2024 edition of the Creatives for our Future programme. The programme, which is conducted in collaboration with the United Nations Office for Partnerships, is now accepting applications from young…

03 September 2024 - Wapipay, a leading innovator in the global money transfer sector,  has received approval from the Central Bank of Nigeria (CBN) to process inbound remittances into Nigeria. In a statement, the company said the milestone marks a major advancement…

03 September 2024 - The service industry in Kenya has been growing - particularly fuelled by the growing middle class who have some disposable income. One of the services that have become increasingly popular is laundry - seen particularly in the rise of laundromats…

03 September 2024 - The lender provides loans for infrastructure and other productive sectors such as energy, transport, information and communications technology, water and urban development.

03 September 2024 - U.S.-based Kenyan entrepreneur Margaret Nyamumbo has shared her journey to building Kahawa 1893, a speciality coffee company based in New York City which raked in $3 million (Ksh.387 million) in 2023.

03 September 2024 - Aliko Dangote has announced that petrol produced at his 650,000-barrel-per-day facility could be available at filling stations across Nigeria within the next 48 hours.

03 September 2024 - Businessman Joel Kibe has written to the Capital Markets Authority (CMA) over alleged breaches by Old Mutual Holdings. Kibe wants the insurance company to protect minority shareholders’ company.

03 September 2024 - It disbursed over Sh24 billion towards climate finance

03 September 2024 - As Wangui Waweru checks her snail farming business, she is optimistic that the planned upgrade of the Lanet Airstrip will open her to the larger export market.

03 September 2024 - He succeeds Jean-Christian Bergeron who returns to France for  new assignment.

03 September 2024 - Approved by CMA, the funds will be managed by SBG Securities Limited, a subsidiary of Stanbic Holdings Plc.

03 September 2024 - CMA has approved 51 schemes which comprise 224 funds including equity funds

03 September 2024 - TOKYO, Sept. 3 (Xinhua) — The Japanese government said on Tuesday that it will allocate an additional 989.15 billion yen (about 6.73 billion U.S. dollars) from its fiscal 2024 reserve fund to cover energy subsidies designed to ease the burden on…

03 September 2024 - NAIROBI, Kenya, Sep 3 – Stanbic Bank Kenya is eyeing investors with two new money market funds with up to 15.12 percent in annual returns. They include Stanbic Money Market Fund (Kenyan shilling denominated) and Stanbic Fixed Income Fund (US…

03 September 2024 - Nairobi, Kenya, Sept 3 – Equity Group spent Sh101.8 billion in social impact programmes in 2023, according to its 2023 sustainability report. This represents a Sh29.6 billion jump from Sh72.7 billion spent in 2022. According to the lender, the…

03 September 2024 - By Professor Myriam Sidibe SEP 3 – In Africa, Sexual and Reproductive Health and Rights (SRHR) challenges exist within a complex cultural ecosystem involving family, friends, sexual partners, government, private and social sectors, all of which…

03 September 2024 - NAIROBI, Kenya Sept 3 – President William Ruto has announced that Kenya has formally joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member. Speaking after meeting AIIB President and Board of Directors Chairman Jin Liqun at…

03 September 2024 - Treasury had introduced this levy last year under the guise of a capacity building levy

03 September 2024 - The number of individuals who faced acute food insecurity in 2023 stood at over 281.6 million people across 59 countries/territories with about 158 million residing in Africa.

03 September 2024 - If the application attains market success, the X platform will mark a turnaround in its advertising fortunes

03 September 2024 - NAIROBI, Kenya, Sept 3 – Kenya is gearing up for the 7th edition of the Kenya International Industrial Expo, set to take place from September 12 through to 14 at Sarit Center, Nairobi. This annual event is poised to bring together key industry…

03 September 2024 - ANKARA, Sept. 3 (Xinhua) — Türkiye’s inflation slowed to 51.97 percent year-on-year in August, slightly under market expectations, official data showed on Tuesday. Annual consumer inflation fell to the lowest level of the past year due to the…

03 September 2024 - Some EVs have caught fire, and some have even exploded. So, too, since the start of motoring, have cars powered by fossil fuels.

03 September 2024 - NAIROBI, Kenya, Sep 3 – Labour and Social Protection Cabinet Secretary Alfred Mutua has reassured workers that the proposed 6 percent minimum wage increase will be implemented before the end of the year. Addressing concerns about the timeline,…

03 September 2024 - The country’s food production is projected to reach $13 billion (Sh1.7 trillion) by 2026

03 September 2024 - Aliko Dangote has announced that petrol produced at his 650,000-barrel-per-day facility could be available at filling stations across Nigeria within the next 48 hours.

03 September 2024 - The Catoca diamond mine in Angola which is the fourth largest open-pit mine in the World, responsible for producing over 75% of Angola's diamonds, is working towards repairing its relationship with Russia’s Alrosa. Alrosa’s stake in Angola's…

03 September 2024 - Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has revealed plans to submit a proposal seeking to raise Nigeria's value-added tax (VAT) rate from the current 7.5% to 10%.

03 September 2024 - Bot-based app fraud is costing unsuspecting advertisers millions of dollars a year.

03 September 2024 - Marketers have cautioned that petrol prices in Nigeria may climb much further in spite of the country's continued problems with fuel scarcity and price increases.

03 September 2024 - SEP 3 – It has been a recurrent theme of this US presidential campaign – has the US economy performed better under Joe Biden or Donald Trump? “By many indicators our economy is the strongest in the world,” Democratic Vice-President Kamala Harris…

03 September 2024 - NAIROBI, Kenya, Sep 3 – RUBiS Energie has named Olivier Sabrié as the new CEO for East Africa and Group Managing Director of RUBiS Energy Kenya. Sabrié succeeds Jean-Christian Bergeron, who will be returning to Paris, France, for a new assignment…

03 September 2024 - Make a habit of often glancing at the temperature gauge when driving. Even if the coolant level is “always” okay, don’t stop regular under-bonnet checking.

03 September 2024 - In a bid to regulate illegality in currency exchange, and provide convenience, the Central Bank of Tanzania (BoT) last year granted approval for bureau de change operations in hotels. The bank had made the call for hotels graded 3 stars and above…

03 September 2024 - The Nigeria Civil Aviation Authority (NCAA) has clarified the reasons behind the disqualification of Nigerian airlines from flying into the United States (US).

03 September 2024 - SEP 3 – Hong Kong’s flagship airline Cathay Pacific has cancelled tens of flights after a plane heading from the city to Zurich was forced to turn around due to an “engine component failure”. The company says it has now inspected all 48 of its…

03 September 2024 - NAIROBI, Kenya, Sep 3 – The Central Bank of Kenya (CBK) has requested the Capital Markets Authority (CMA) to investigate irregular trading activities involving the National Social Security Fund (NSSF) Kenya. The trades in question took place…

03 September 2024 - Mpumelelo Mhlongo went into the T44 100-meters final at the Paris 2024 Paralympic Games filled with self-belief having claimed the World Championship title in the last two years, and he delivered a first gold medal for South Africa. Medals for…

03 September 2024 - SEP 3 – As African leaders gather in Beijing this week for the triennial China-Africa summit, Chinese President Xi Jinping may have one thing under his belt to boast about – satellite TV. Almost nine years ago, President Xi promised the heads of…