Business

30 August 2024 - Employment of unnecessary staff has constituted a key driver of the public wage bill, SRC says.

30 August 2024 - The talks are headed into the final stretch with next round set for September.

30 August 2024 - Hundreds of  traders have thronged social media platforms to share their tribulations.

29 August 2024 - The diamond, discovered using Lucara’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, is the second-largest ever found, following the 3,106-carat Cullinan Diamond from South Africa in 1905. Diamond exploration and mining company…

29 August 2024 - The State lifted caps on wholesale prices of fuel prices about two years following introduction of subsidy on pump prices to deal with public anger owing to runaway prices.

29 August 2024 - Study participants experienced less burnout and expressed a lower desire to leave their jobs.

29 August 2024 - The 10 listed Kenyan banks collectively reported a 27 percent or Sh25.2 billion rise in net profit to Sh119.82 billion in the six months to June, their respective financial filings show.

29 August 2024 - President William Ruto has revealed that the old university funding model almost crippled most public universities. Through the old model, which entailed a differentiated unit cost (DUC) model, students received equal capitation from the government.…

29 August 2024 - The ongoing post-Malabo discussions are leading up to the Kampala Declaration slated for approval in January 2025.

29 August 2024 - Allan Kilavuka gets another chance to steer Kenya Airways into profitability

29 August 2024 - The wage bill has grown by Sh300.9 billion during the six years.

29 August 2024 - Expectations for Kenya’s economy should shape our decisions today - and so shape the future.

29 August 2024 - Bamba is a cliche. To mean it’s what food writers would describe - rightfully- as a “hidden gem”.

29 August 2024 - When you see dodgy dealings such as the current case at the NSSF, does it surprise that the EABX has faced stiff resistance from sections of market players.

29 August 2024 - Treasury data shows the rental income for the year ended June exceeded the Sh6.47 billion estimates by 45.83 percent, or nearly Sh2.97 billion.

29 August 2024 - Tanzania has been quick in embracing modern electric driven SGR and a modernised Dar port.

29 August 2024 - Shirlene started playing the violin at the age of 8.

29 August 2024 - Growing up, herr parents would speak in Kikuyu, and she would respond in sheng.

29 August 2024 - The main role of the KDC is to connect pastoralists better to the markets

29 August 2024 - The NSE has not seen any listing from a PE fund in the recent past even as it struggles to register a new lPOs.

29 August 2024 - In its latest ICT index, the International Telecommunication Union (ITU) has revealed that the world is advancing towards universal and meaningful digital connectivity. In Africa, Libya stands out with the highest ICT index score.

29 August 2024 - With over three million Kenyans living abroad, real estate firms see a significant opportunity to attract investment from this lucrative demographic.

29 August 2024 - The use of air to carry cargo especially the perishable type is fast being abandoned as traders embrace sea freight.

29 August 2024 - Savannah Clinker, wholly owned by businessman Benson Ndeta, yesterday said it would pay Sh25.42 billion for Bamburi Cement's entire stake.

29 August 2024 - Crown Paints has attributed the growth in revenues to a favourable exchange rate, which stabilised the firm’s input costs, resulting in stable and predictable prices.

29 August 2024 - Mombasa Cement is one of the leading cement manufacturers in Kenya.

29 August 2024 - JAKARTA, Aug. 29 (Xinhua) — Indonesia will host the second Indonesia-Africa Forum (IAF) on Sept. 1-3 in its resort island Bali, with the aim of securing business agreements worth 3.5 billion U.S. dollars to address pressing issues in energy and food…

29 August 2024 - NAIROBI, Kenya, Aug 29 –The Teachers Service Commission (TSC) has rejected the Kenya Union of Post Primary Education Teachers (KUPPET) request to end the on-going strike. In a letter addressed to the KUPPET Secretary Akelo Misori the Commission…

29 August 2024 - A stable and growing external Reserve helps to maintain the general health of a country’s financial system especially in Africa, which can lead to numerous benefits for Africans.

29 August 2024 - NAIROBI, Kenya, Aug 29 – Jubilee Holdings has announced an interim dividend of Sh2 per share after its net profit jumped to Sh2.5 billion in the half year ended June 30, 2024. In a similar period last year, the insurer posted a Sh2 billion profit…

29 August 2024 - The lower prices come at a time when tea production has risen sharply this year.

29 August 2024 - Hasmukh died in Mombasa after a short illness, family says.

29 August 2024 - As the name implies, Tumatap aligns perfectly with evolving customer preferences

29 August 2024 - The growth in profit was driven by increased performance in life and health business lines

29 August 2024 - We meet Africa’s largest lender in one of the world’s most dynamic financial markets. In Dubai in june, we speak with the Johannesburg- based Kenny Fihla, the Chief Executive Of Corporate and Investment Banking at Standard Bank, a 160-year-old…

29 August 2024 - Those set to benefit include individuals in spray painting, sandblasting, tire inflation and other applications.

29 August 2024 - The Southern-Russian city in Siberia; Novosibirsk, has reached out to Burkina Faso’s capital, Ouagadougou, to establish a twinning relationship. During the ongoing Technoprom-2024, held in Novosibirsk which is set to run from the 27th to the 30th of…

29 August 2024 - The dairy processor has been embroiled in a long tussle spanning over two decades with the former staff

29 August 2024 - CBK data shows banks raised interest rates on deposits to 11.48 percent by end of June, a level only dwarfed by the 17.85 percent that banks were offering customers in May 1998.

29 August 2024 - AUG 29 – Shares in Nvidia have fallen despite the artificial intelligence (AI) chip giant comfortably beating expectations after more than doubling its sales. Nvidia announced record revenues of $30bn (£24.7bn) over a three-month period. The company…

29 August 2024 - Soft Power is defined as a nation's ability to influence the preferences and behaviours of various actors in the international arena. The soft power index, now in its fifth iteration with the 2024 edition, examines the perceptions of all 193 United…

29 August 2024 - NAIROBI, Kenya, Aug 29 – The National Treasury is considering the incorporation of an exempt pension structure aimed at making the pension sector more attractive, following a nod from the cabinet for the implementation of the Retirement Benefits…

29 August 2024 - Both West African countries of Nigeria and Niger recently inked a security deal in response to the common threat they face. This is despite the regional issues that arose from Niger’s coup on the 26th of July 2023. Since the coup, the relationship…

29 August 2024 - MOMBASA, Kenya, Aug 29 – Hasmukh Patel, the owner of Mombasa Cement, passed on while being rushed to a private hospital in Nyali. Tudor MCA Samir Bhalo, who is also a close family member, confirmed the report. “Today at around 1pm, we lost Mr Hasmukh…

29 August 2024 - Global cloud communications platform Infobip has appointed Yariv Dafna as Chief Financial Officer (CFO) to strengthen the company’s position as a leader in the Communications Platform as a Service (CPaaS) market. With his extensive experience in…

29 August 2024 - Bolt Food entered the Kenyan market in 2021 a

29 August 2024 - President William Ruto is set to commission the Lumumba Affordable Housing Project in Kisumu on Saturday, August 31, 2024. The project, which kicked off in July 2024 and is expected to be completed in January 2026, is a 2,384-unit residential project…

29 August 2024 - Banks, with their substantial reserves, have also emerged as a key funding source.

29 August 2024 - KCB had budgeted for 400 employees to take up the voluntary early retirement.

29 August 2024 - Topline A pair of listeria outbreaks in the U.S. in recent weeks have led stores and brands—including Boar’s Head, Wiers Farm and Freshire Farms—to recall products like deli meat in 23 states, as officials say five more people died in relation to one…