Business

18 July 2024 - Report shows nine banks breached the single obligor rule in the Banking Act while three were in breach of single insider borrower limit.

18 July 2024 - KAMPALA, July 18 (Xinhua) — Uganda’s coffee exports have recorded the highest foreign exchange earnings in 30 years due to improved quantity and quality, a state regulator said Thursday. The country earned 1.14 billion U.S. dollars from coffee exports…

18 July 2024 - NAIROBI, Kenya, July 18 – The State Department of Medical Services has requested Parliament to allocate it Sh6 billion for low-income households’ health insurance. Appearing before the National Assembly Departmental Committee on Health, Medical…

18 July 2024 - The use of payment cards is growing steadily in Kenya, supported by a rising banked population

18 July 2024 - She succeeds Rajan Shah, whose term has come to an end.

18 July 2024 - Companies will now pay an annual fee of Sh9,450, up from Sh400, while individual subscribers will pay Sh2,000, up from Sh400.

18 July 2024 - Russia and the Congo recently inked a nuclear deal. According to Russian nuclear company; Rosatom, both nations inked memoranda of understanding to cooperate in hydropower and peaceful nuclear energy. Rosatom for the past few years has been involved in…

18 July 2024 - KRA cannot casually disregard legitimate expectations without consulting and involving stakeholders.

18 July 2024 - The Kenyan government has today announced a ban on the ongoing demonstrations in the central area of Nairobi after claims that criminal gangs have infiltrated the protests.

18 July 2024 - The Postal Corporation of Kenya (PCK), commonly known as Posta Kenya, has increased the annual subscription rates of its MPost virtual addresses from July 5.

18 July 2024 - The informal economy in Nigeria is vast, with enterprises ranging from market traders and street vendors to roadside mechanics and home-based artisans. These businesses operate outside formal regulatory and tax systems, yet they are vital to the…

18 July 2024 - TOKYO, July 18 (Xinhua) — Japan’s trade deficit in the first half of the year fell 53.7 percent to 3.23 trillion yen (about 21 billion U.S. dollars), as exports grew amid rising costs and yen’s sharp depreciation, the government said in a report on…

18 July 2024 - NAIROBI, Kenya, July 18 – State employees whose salaries fall under the ‘annual salary adjustments’ category will still continue to enjoy yearly pay hikes even after the Salaries and Remuneration Commission (SRC) froze pay rise for all other public…

18 July 2024 - A standoff with investors over interest rates saw the government raise just under a third of its targeted Sh30 billion.

18 July 2024 - Kisii Senator Richard Onyonka wants KAA to explain how it entered into an alleged private deal to lease JKIA.

18 July 2024 - Countries cannot grow in isolation; they need investment from every corner to build a successful economy. This is why countries around the world strive to attract Foreign Direct Investment (FDI).

18 July 2024 - Machine learning is being used to provide farmers with data-driven advice to help them optimise productivity.

18 July 2024 - Kenyan Independent Power Producer, Sosian Energy has signed a deal that will see them receive a 68 million dollar, credit investment from the Development Bank of Southern Africa to boost their operation

18 July 2024 - Samsung Electronics (005930.KS) said on Thursday it agreed to acquire Oxford Semantic Technologies, a British startup specialising in technology that can be used for more sophisticated artificial intelligence (AI) applications.

18 July 2024 - The African Development Bank’s (AfDB) sovereign portfolio has been acclaimed as the most transparent in the 2024 Aid Transparency Index, released by the global advocacy group for aid and development transparency, Publish What You Fund.

18 July 2024 - NAIROBI, Kenya, July 18 – Dubai-based value-added distributor Tech First Gulf has entered into a deal with global cybersecurity solution provider Kaspersky for distribution of cybersecurity and anti-virus solutions in Africa. The collaboration, which…

18 July 2024 - CANBERRA, July 18 (Xinhua) — Australia’s unemployment rate rose slightly to 4.1 percent in June from 4.0 percent in May, official labor force figures published Thursday by the Australian Bureau of Statistics (ABS) showed. The total number of employed…

18 July 2024 - NAIROBI, Kenya, July 18- The country’s stock of foreign liabilities skyrocketed by Sh313.6 billion between the years 2020 and 2022 due to the increase in foreign direct investment (FDI). According to a Foreign Investment Survey conducted by the Central…

18 July 2024 - 49 per cent of ransomware attacks on these sectors began with an exploited vulnerability.

18 July 2024 - Justice Nixon Sifuna dismissed an appeal by KRA that sought to overturn a decision blocking the taxman from demanding the fees.

18 July 2024 - Nigeria's labor union has threatened to go on a 30-day strike if the government fails to comply with their demands. On Tuesday, the Nigerian Labor Congress (NLC) warned that the possibility of a month-long strike would be in play if the government…

18 July 2024 - JULY 18 – Stanbic Bank Kenya launched the “Switch Campaign,” an initiative aimed at mobilising deposits and rewarding new and existing customers. During the campaign period, the Bank will award new and existing clients with cash rewards amounting to…

18 July 2024 - NAIROBI, Kenya, July 18 – Cane farmers in the Nyando sugar belt have opposed the push to have sugarcane weighbridges, which had been closed by the Agriculture and Food Authority (AFA), reopened. A section of farmers have called on AFA to allow the…

18 July 2024 - KAMPALA, July 17 (Xinhua) — Uganda Airlines, the national carrier, announced here Wednesday that it will launch three new routes to the capitals of Zambia, Zimbabwe and Nigeria in September 2024. At the launching ceremony Wednesday in Kampala, the…

18 July 2024 - Will improve public engagement, policy revisions, greater accountability and economic adjustments.

18 July 2024 - IEK President Shammah Kiteme noted that the matter, if addressed, has the potential to bring immediate relief to many businesses.

18 July 2024 - Trading is as much a psychological game as it is a financial one.

18 July 2024 - It has been challenging, causing delays and frustrations among applicants.

18 July 2024 - The firm has now secured a total of $718 million (Sh93.5billion) across five facilities since 2020.

18 July 2024 - JULY 18 – UK inflation held steady in June, remaining at the Bank of England’s target rate of 2%, according to the latest official figures. Discounts on clothes in summer sales helped offset the soaring cost of hotel stays. Overall, inflation rose at 2…

18 July 2024 - An analysis by real estate firm Knight Frank of rental returns across different market segments shows that retail and industrial developers enjoyed yields of 9.5 percent in the first half of this...

18 July 2024 - Safaricom is aggressively investing billions of shillings in its start-up operation in Ethiopia.

18 July 2024 - Mr President, the injustice, unfairness, pilferage and lethargy afflicting this country is worrisome.

18 July 2024 - Documents tabled in the National Assembly show the suspension of the purchase of new vehicles and other transport equipment will hit 46 public offices, including the State House.

18 July 2024 - Energy firm seeks compensation for revoked Last Mile Connectivity deals

18 July 2024 - Kenyans are embracing the use of AI to catalyse their businesses and day-to-day activities.

18 July 2024 - Justice Alfred Mabeya ruled that records show that the company does not have enough money to keep it running.

18 July 2024 - Data privacy is an emerging risk that organisations now find themselves exposed to.

18 July 2024 - Abdullah says that the firm’s strategy has been the same since 1952, and adds that as an entrepreneur, once you know what your brand stands for, stick with it and you will never go wrong as long...

18 July 2024 - Former employees of its predecessor Directorate of Civil Aviation won a wrongful dismissal case and were awarded compensation.

18 July 2024 - The Treasury has cut the State Department for Energy’s budget for the 2024/25 fiscal year by Sh18.5 billion down to Sh14 billion.

18 July 2024 - During the 2020 Covid-19 lockdown, Mutua stumbled upon some information that he was determined to leverage to our advantage.

18 July 2024 - The two lenders have been fighting in court over the money, which AfrAsia says it deposited with Chase Bank Kenya, which collapsed in April 2016.

18 July 2024 - The product dubbed Linda Biz will offer assets, medical, and life insurance.

18 July 2024 - Let’s be honest, it was only a matter of time before we got here, only one couldn’t figure how it’d come. We’ve been living in challenging times, with fundamental issues begging action.