Business

10 July 2024 - ACCRA, July 10 (Xinhua) — Ghana’s inflation rate dropped from 23.1 percent in May to 22.8 percent in June, the Ghana Statistical Service (GSS) said Wednesday. Samuel Kobina Annim, the government statistician at the GSS, attributed the marginal drop in…

10 July 2024 - Global rating agency Moody's on Tuesday downgraded Kenya's credit rating, painting a bleak picture of the country's economic status in terms of fulfilling debt obligations.

10 July 2024 - Nigeria's informal sector is an important part of the country's economy, giving jobs and income to millions of Nigerians. This sector, which comprises unregistered and unregulated firms, covers a wide range of activities, including street vending,…

10 July 2024 - Global rating agency's negative rating means the country will pay more to borrow domestically and internationally.

10 July 2024 - Amsons Group is a family-run business with operations in Tanzania, Zambia, Malawi, Mozambique, DRC and Burundi.

10 July 2024 - A new study titled The Henley Private Wealth Migration Report 2024 has shown that some countries are steadily growing their millionaire population to measure up with the world economic powerhouses like the United States of America and China.

10 July 2024 - The cash offer by Amsons represents a premium above the current Bamburi Cement share price on the NSE.

10 July 2024 - The REIT aims to double its portfolio value from Sh3.5 billion to Sh7 billion within three years.

10 July 2024 - Morocco plans to purchase a spy satellite from Israeli Aerospace Industries (IAI) in a $1 billion deal, according to Moroccan media reports on Wednesday.

10 July 2024 - Kenya is among 23 countries expected to dedicate over 20 per cent of their revenue to external debt payment

10 July 2024 - It is estimated that Nairobi traffic jams bleed Sh120bn from economy.

10 July 2024 - Anant Ambani, the son of the richest man in Asia, Mukesh Ambani, is set to marry his longtime girlfriend Radhika Merchant in a grand ceremony, which many anticipate will be the wedding of the year.

10 July 2024 - At least 50% of customers surveyed derive satisfaction in the ability to withdraw their cash when needed,

10 July 2024 - Somalia has long considered implementing PPPs with the logistics sector being one of the most promising areas.

10 July 2024 - BNI has been active for 14 years in Kenya, boasting 537 members.

10 July 2024 - The four funds under CPF combined hold over Sh100billion in Assets

10 July 2024 - NAIROBI, July 10 (Xinhua) — Kenya on Tuesday unveiled a five-year strategic plan aimed at enhancing the country’s dairy exports. Jonathan Mueke, principal secretary in the Kenyan Ministry of Agriculture and Livestock Development, told journalists in…

10 July 2024 - ADDIS ABABA, July 10 (Xinhua) — Coffee exports brought Ethiopia 1.43 billion U.S. dollars in revenue during the just-concluded Ethiopian fiscal year, the government has said. Ethiopia exported 298,500 tons of coffee during the Ethiopian 2023/24 fiscal…

10 July 2024 - NAIROBI, Kenya, July 10 – ICEA Lion Asset Manager’s (ILAM’s) Fahari Real Estate Investment Trust has been admitted to the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange (NSE) following a comprehensive restructuring of the real…

10 July 2024 - Despite the overall funding decline, a significant portion of investments was directed towards climate tech, which accounted for 45% of all startup funding in Africa this year. Experts offer more insights. Fintech, while second in total amount raised,…

10 July 2024 - Crime, ranging from petty thefts to organized crime syndicates, has far-reaching effects on countries. In mid-2024, South Africa recorded the highest crime index in Africa.

10 July 2024 - NAIROBI, Kenya, July 10 – Malaysian budget carrier AirAsia X will be expanding its first network in Africa with a directed flight between Nairobi and Kuala Lumpur, Malaysia. Starting November 15, 2024, the airline will be flying four times a week to…

10 July 2024 - Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against…

10 July 2024 - Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against…

10 July 2024 - LOS ANGELES, July 9 (Xinhua) — In the wake of President Joe Biden’s shaky performance during a recent presidential debate, a rift has emerged among Hollywood’s elite regarding his continued candidacy. While many of Biden’s celebrity backers continue…

10 July 2024 - NAIROBI, Kenya, July 10 – Kenchic, a company that deals in poultry products, has unveiled Kenbeef, a new line of premium beef cuts. Jim Tozer, Managing Director of Kenchic, stated that Kenbeef’s premium cuts include ribeye and sirloin. Others are…

10 July 2024 - Kenya has raised the bond fee for fuel consignments destined for Uganda from $15 million to $45 million at the VTTI facility in Mombasa.

10 July 2024 - Kenya is reportedly on the verge of closing 19 Memorandums of Understanding with several Middle Eastern countries. This was revealed by Kenya’s Prime Cabinet Secretary; Musalia Mudavadi during a meeting on Wednesday. He noted that some of the…

10 July 2024 - A collaborative construction project between the Eastern African nations of Ethiopia and South Sudan was currently greenlit. Both countries in a joint effort, have decided to build an alternative oil infrastructure. The decision was reached to bolster…

10 July 2024 - JULY 10 – Asian American online grocery stores and delivery services in the United States are growing and reshaping eating habits, as more rare food from the East becomes available in the West with the click of a mouse. The stores Weee!, Yamibuy and…

10 July 2024 - NAIROBI, Kenya, July 10 – The CPF Group Individual Pension Funds surged to Sh2.9 billion in the year ending 2023, highlighting growing appetite for the category. The group comprising the Local Authorities Pension Trust (LAPTRUST), the County Pension…

10 July 2024 - NAIROBI, Kenya, July 10 – CPF CEO Hosea Kili has faulted the proposal to scale down the retirement age, citing the risk of having the government spend more on retirees. Kili, who spoke during the CPF Annual General Meeting, asserted that the proposal…

10 July 2024 - NAIROBI, Kenya Jul 10 – The Transforming African MedTech Conference (TAMC) 2024 has announced plans to further catalyze advancement in MedTech across the continent. The second annual TAMC Scheduled to take place in Nairobi, Kenya, from August 28 to 30…

10 July 2024 - TOPLINE Samsung Electronics’ unionized workers in South Korea announced an indefinite strike on Wednesday to step up their campaign for a pay raise—in a move that could impact global chip supplies. KEY FACTS The National Samsung Electronics Union said…

10 July 2024 - Nigeria's NNPC is negotiating another oil-backed loan to strengthen its finances and enable further investment, according to its chief executive, Mele Kyari.

10 July 2024 - NAIROBI, July 9 (Xinhua) — Global rating agency Moody’s has cut Kenya’s sovereign credit ratings, citing “diminished capacity to maintain revenue-based fiscal consolidation that would improve debt affordability and place debt on a downward trend.”…

10 July 2024 - SINGAPORE, July 10 (Xinhua) — Singapore will cease registering new diesel cars and taxis from 2025 to support its cleaner energy vision, the Land Transport Authority (LTA) said Wednesday. Meanwhile, diesel car owners can renew their certificate of…

10 July 2024 - NAIROBI, July 9 (Xinhua) — The Kenya Tourism Board (KTB), the state-run tourism marketing agency, said Tuesday it is leveraging on the public-private partnerships to spur the country’s adventure tourism opportunities. KTB Chief Executive Officer June…

10 July 2024 - DRC’s increased imports come on the back of a frosty diplomatic relationship.

10 July 2024 - ‘Always drive with due consideration for your passengers.’

10 July 2024 - Industry players have called on President Ruto to intervene.

10 July 2024 - Hopes to create close to 100,000 new jobs.

10 July 2024 - They want the rating firm factor the country's vast resources in the survey

10 July 2024 - President William Ruto unveiled Hustler Fund in late 2022

10 July 2024 - Last year, Kenya dropped one spot to 63rd globally in the rank of startup-friendly destinations while retaining its third place in Africa.

10 July 2024 - Central Bank of Kenya (CBK) data showed one Kenyan shilling was averaging Ush28.79, Tsh20.66 and Rwf10.22 at the start of trading on Tuesday.

10 July 2024 - Data by the UN Population Fund indicates that more than 80 percent of maternal deaths in Kenya are attributed to poor quality of care.

10 July 2024 - Fresh data by KRA shows that collections from the CGT increased by 49.5 percent from Sh5.606 billion realised in the previous fiscal year.

10 July 2024 - It means that Kenya will miss out on the billions it makes from hosting other related agencies such as United Nations (UN) Africa headquarters and United Nations Environment Programme.

10 July 2024 - He said KLB engaged PSC to review the human resource (HR) instruments and proposed a new structure. In a letter on May 21, 2024, the PSC approved the new structure and directed him to implement it.