Business

29 May 2025 - Youth are architects of possibility and our strongest force for inclusive growth, innovation, and resilience. Their potential is real and urgent.

29 May 2025 - One in six Ghanaians who interacted with public officials in 2024 admitted to paying a bribe to access public services, the Ghana Statistical Service (GSS) has disclosed.

29 May 2025 - Sidi Ould Tah’s pitch to the African Development Bank (AfDB) shareholders centered on scaling climate-resilient infrastructure, formalizing Africa’s vast informal sector, and creating opportunities for the continent’s massive youth population.…

29 May 2025 - Hybrid models, such as micro insurance, can bridge the gap by combining the flexibility of traditional risk-sharing with the reliability of formal insurance.

29 May 2025 - Dizzy Brains’ music addresses themes familiar to Kenyans: poverty, corruption, restricted freedoms, and environmental degradation.

29 May 2025 - The World Bank wants Kenya to introduce a carbon tax to mitigate climate change externalities while also raising revenue to lower its debt-to-GDP ratio, which currently stands at 65.5%.

29 May 2025 - Equity Group posted Ksh.15.4 billion profit after tax in the first quarter of 2025 ended March 31, per the lender’s financials released on Thursday.

29 May 2025 - EACC says it was preparing to auction the property, when the man allegedly went to the premises and maliciously removed 10 doors.

29 May 2025 - Sidi Ould Tah of Mauritania has been elected as the new President of the African Development Bank (AfDB) Group during the Bank’s Annual Meetings in Abidjan, Côte d’Ivoire.

29 May 2025 - A proposed change to the Finance Bill, 2025 seeks to introduce a Health Promotion Levy in the soft drinks industry.

29 May 2025 - ‘Pitstop 2.0 was bigger and better than before, buzzing with Rhumba lovers—I really miss it.’

29 May 2025 - NAIROBI, Kenya, May 29 – Equity Group profit after tax dropped by four percent to Sh15.4 billion in three months to March this year compared to a similar period in 2024, coming on the back of rise in staff costs and other operating expenses. While staff…

29 May 2025 - MAY 29 – The number of vehicles manufactured in the UK fell sharply last month, as US tariffs and the timing of Easter hit production. The 59,203 vehicles made was the lowest April output for more than 70 years, with the exception of 2020, when…

29 May 2025 - As construction costs continue to soar, many Kenyans are increasingly looking for house designs, alternative construction materials and processes that can save on costs.

29 May 2025 - Finance and credit experts, policy leaders and economists on Wednesday gathered in Cape Town, South Africa for the Annual Credit Ratings Conference.

29 May 2025 - The Kenya Revenue Authority (KRA) is seeking to implement tax policy measures that will boost revenue collection to over Ksh.4 trillion in the Medium-Term Revenue Strategy (MTRS) to boost the nation's economic activity.

29 May 2025 - NAIROBI, Kenya, May 29 – British American Tobacco (BAT) Kenya has reaffirmed its commitment to tobacco harm reduction through the promotion of Smokeless products, calling for a science-based regulatory approach and open collaboration to accelerate…

29 May 2025 - NAIROBI, Kenya, May 29 – Kericho-based Kabianga Dairy Limited has been placed under administration, meaning that an insolvency practitioner has been picked to manage its operations amid rescue plans. I & M Bank Limited has picked Swaroop Rao…

29 May 2025 - MAY 29 – Model Hailey Bieber is selling her make-up brand Rhode to e.l.f. Beauty in a deal worth up to $1bn (£740m). The 28-year-old, who is married to singer Justin Bieber, co-founded the line of skincare products, which includes blush and lip tints,…

29 May 2025 - French energy giant TotalEnergies announced on Thursday that it will sell its 12.5% non-operating stake in Nigeria’s Bonga oil field to a subsidiary of Shell for $510 million.

29 May 2025 - French energy giant TotalEnergies announced on Thursday that it will sell its 12.5% non-operating stake in Nigeria’s Bonga oil field to a subsidiary of Shell for $510 million.

29 May 2025 - For over 70 years, Unilever Kenya has been spicing up Kenyan kitchens with its Royco brand, offering flavourful spices such as Royco Mchuzi Mix and Royco Cube.

29 May 2025 - In Kenya, crops are the foundation of rural livelihoods. The agricultural sector employs more than 70% of the rural population, and many of them depend on crop farming as their main source of income.

29 May 2025 - MAY 29 – Elon Musk has said he is leaving the Trump administration after helping lead a tumultuous drive to shrink the size of US government that saw thousands of federal jobs axed. In a post on his social media platform X, the world’s richest man…

29 May 2025 - NAIROBI, Kenya, May 29 – The National Treasury plans to spend Sh100 million on the renewal of Oracle licenses and annual support for Integrated Financial Management System (IFMIS) apps and hardware. The recommendations are contained in the National…

29 May 2025 - It’s no secret that Nigeria ranks among the top recipients of remittances globally. Every year, millions of Nigerians living abroad send billions of dollars home to help support their families, invest in businesses, and contribute to the country's…

29 May 2025 - Nova Phoenix and Rume Ophi are the visionaries behind Decentralized Nigeria, a new Web3 event connecting Africa to the global blockchain ecosystem. With ambitions to reshape regulation, access, and innovation in Africa, they want to make Nigeria the hub…

29 May 2025 - South Africa has surpassed Nigeria to become Africa’s largest importer of petrol, signaling a major shift in the continent’s energy trade dynamics.

29 May 2025 - MAY 29 – A US federal court has blocked President Donald Trump’s sweeping tariffs, in a major blow to a key component of his economic policies. The Court of International Trade ruled that an emergency law invoked by the White House does not give the…

29 May 2025 - NAIROBI, May 29 (Xinhua) — Kenya Electricity Generating Company PLC (KenGen), a state-owned utility, said Wednesday that it plans to reduce the country’s reliance on hydropower, which is vulnerable to unpredictable rainfall patterns, to boost energy…

29 May 2025 - In this newsletter, we are covering employers' concerns over the worsening economy as well as Gen Z leading in luxury travel and a woman who vanished with a Ksh250,000 deposit only to end up dead.

29 May 2025 - Nearly half of Africa’s currencies are expected to weaken against the U.S. dollar in 2025, driven by geopolitical tensions and internal economic pressures.

29 May 2025 - The Federation of Kenya Employers (FKE) has issued a stark warning about the state of the country’s investment climate, citing rising operational costs, unpredictable policymaking, and eroding investor confidence.

28 May 2025 - Renowned Kenyan author Ngugi wa Thiong’o has passed on in the the US after a long illness, aged 87.

28 May 2025 - Alcohol and cigarettes were spared tax increases for the first time in five years in 2023.

28 May 2025 - In the past two years the Naivasha-based liquor maker has been facing multiple financial-related disputes involving debt settlement.

28 May 2025 - The parent company spent a total of Sh1.89 billion in the right issue, amounting to 75.6 percent of the new capital.

28 May 2025 - Renowned Kenyan author Ngugi wa Thiong’o has passed on in the the US after a long illness, aged 87.

28 May 2025 - The rising share of C-sections in hospitals has left insurers with higher bills to foot, hurting their financial performance.

28 May 2025 - Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country.

28 May 2025 - Driven by a growing appetite for authentic, sustainable, and experiential travel, the young Kenyans organise excursions as individuals and groups and often engage in tourism activities over...

28 May 2025 - The country is turning its vast natural gas reserves into a national engine for growth, using smart policy, local enterprise, and ambitious infrastructure to power homes, fuel industries, and redefine its place in the global energy map. Nigeria has long…

28 May 2025 - Low sales aside, the Jamhuri Car Bazaar remains a vital source of income for many car dealers who faithfully show up every Sunday.

28 May 2025 - The swing back to profitability is attributable largely to a Sh1.2 billion exchange gain in the period from a loss of Sh1.4 billion previously.

28 May 2025 - Kenya’s tourism now sees last-minute bookings, but local uptake stays low due to limited experiences and underdeveloped attractions.

28 May 2025 - Uchumi had bought the land in 2001 from Solio Construction Company Ltd for Sh85 million and the retailer has been banking on selling the land to turn around its dwindling fortunes.

28 May 2025 - While there are nearly the same number of women and men in entry-level, low-paying jobs, a pay gap begins to emerge higher up the ladder.

28 May 2025 - Many banks have reported a softer rise in their first quarter earnings as others posted drops coming in an environment of falling interest rates and narrower movements in the shilling’s exchange...

28 May 2025 - According to the Ministry of Health, Kenyans spent an estimated Sh14.7 billion on overseas medical treatment in 2024 alone.

28 May 2025 - Artificial intelligence (AI) is transforming industries, from healthcare and finance to education and climate science, fundamentally re-shaping how we approach complex problems and innovate. However, this transformative progress comes at a dual cost—…