Business

03 July 2024 - Illegal refilling plants cost compliant businesses more than Sh1bn in losses.

03 July 2024 - JULY 3 – Google’s greenhouse gas emissions in 2023 were 48% higher than in 2019, according to its latest environmental report. The tech giant puts it down to the increasing amounts of energy needed by its data centres, exacerbated by the explosive…

03 July 2024 - NAIROBI, Kenya, July 3 – Shri Krishana Overseas Ltd., a packaging solution provider, has revealed its intention to list on the Nairobi Securities Exchange (NSE) under the small and medium enterprises (SME) segment. According to Sonvir Singh, the firm’s…

03 July 2024 - NAIROBI, Kenya, July 3 – Kenya’s business activities fell sharply in June amid concerns about new tax proposals under the 2024 Finance Bill as well as sales declines amid protests and policy uncertainties. Latest Stanbic Bank Kenya’s Purchasing Manager…

03 July 2024 - The cost of living in many African cities is rising due to economic downturns. A recent Numbeo index revealed the mid-year cost of living in various African cities.

03 July 2024 - The rising expenditures on salaries and benefits for public servants are putting a significant strain on national finances

03 July 2024 - TOPLINE British Pharma giant GSK said on Wednesday it will pay as much as $1.5 billion to take control of several mRNA vaccines from vaccine developer CureVac, sending shares of the struggling German biotech soaring during premarket trading and…

03 July 2024 - NAIROBI, Kenya, July 3 – President William Ruto has directed the National Treasury to review the Salaries and Remuneration Commission’s 2023 Gazette Notice on the remuneration of state officers in the Executive, Senate, and Members of Parliament…

03 July 2024 - NAIROBI, Kenya, July 3 – Safaricom has offered Sh50 million in donations to support victims of anti-budget protests and bolster hospital infrastructure. Speaking at Kenyatta National Hospital, where the donation was officially made, Safaricom CEO Peter…

03 July 2024 - By Dr Musa Misiani  JULY 3 – In recent years, preventive healthcare has gained significant interest among individuals and healthcare stakeholders, including insurance companies. With this emerging trend, we must appreciate the profound connection…

03 July 2024 - All the sectors of the economy, save for finance and insurance activities, recorded slower growth in the first quarter of the year.

03 July 2024 - COSSA will provide participating companies with capital, capacity building, and access to a business community as they look to grow into new markets.

03 July 2024 - Roads are crucial for any development agenda, connecting workers to jobs, students to schools, the sick to hospitals, and producers to markets. However, carrying goods from one African country to another is often a lengthy and expensive process, partly…

03 July 2024 - NAIROBI, Kenya, July 3 – Kenyan exports will now access duty-free, quota-free markets in 27 European Union nations following the Economic Partnership Agreement between Kenya and the European Union (EPA). Speaking during the launch of the TRIFIC Special…

03 July 2024 - LUSAKA, July 3 (Xinhua) — The World Bank has approved a 207.6-million-U.S.-dollar grant to support Zambia’s response to drought, a senior government official said on Tuesday. The money was the second additional funding for enhancing shock-responsive…

03 July 2024 - NAIROBI, Kenya, July 3 – The Kenyan economy slowed by 0.5 percent to 5 percent in quarter one of this year, weighed down by decelerating growth in the construction as well as transportation and storage sectors. The latest Kenya National Bureau of…

03 July 2024 - Unrest in Kenya restrained output and new business because customers delayed spending decisions, report says.

03 July 2024 - Tanzania is quickly modernizing transportation with some of its initiatives. One such initiative is the purchase of two new electric multiple-unit (EMU) trains from South Korea. This adds to an EMU purchased in April, bringing the total amount of EMUs…

03 July 2024 - While a high total IMF credit outstanding can offer vital financial support and help stabilize an economy, including in Africa, it also entails considerable duties and problems that the any given nation must successfully manage. The total amount of…

03 July 2024 - CANBERRA, July 3 (Xinhua) — Australia’s largest business group has warned that the government’s plan to cap international student numbers at universities will damage the economy. The Business Council of Australia (BCA), which comprises the chief…

03 July 2024 - BERLIN, July 2 (Xinhua) — The stock market value of the world’s 100 largest publicly traded companies rose by 17 percent in the first six months (H1) of 2024, reaching a record high of 42.3 trillion U.S. dollars, according to a study published by…

03 July 2024 - NAIROBI, Kenya, July 3 – Kenya has been ranked the sixth-most crypto-friendly country in Africa, with 5.1 percent of the population holding crypto. According to a report released by Crypto Casinos, Kenya was further ranked 46th out of the 50 leading…

03 July 2024 - Zanzibar Multipurpos Terminal is enhancing port efficiency, fostering economic growth, and facilitating trade expansion. Nicolas Escalin, the General Manager of Zanzibar Multipurpose Terminal (ZMT), embodies a wealth of experience and dedication to…

03 July 2024 - The Ghanaian chef, Ebenezer Smith, simply known as Chef Smith had broke the news that he set a new record for the longest cooking marathon. However, has claim seems to have been fabricated with an elaborate plot to disguise himself as the new world…

03 July 2024 - The financing is subject to tough conditions... debt obligations matter more than the needs of long-suffering citizens.

03 July 2024 - By Amos Mzenge NAIROBI, Kenya, July 3 – The solution to avoid the angst that engulfs a person as they wait on their next pay, only to have this cycle repeat itself, lies in budgeting. Nowadays, there are all sorts of budgeting systems available to aid…

03 July 2024 - BANGKOK, July 3 (Xinhua) — Thailand received over 17.5 million foreign tourists in the first half of 2024, an increase of 35 percent from a year earlier, on course to meet the year-end target of 36.7 million foreign arrivals, official data showed on…

03 July 2024 - NAIROBI, Kenya, July 3 – KCB Bank has entered into a settlement agreement with the Competition Authority of Kenya (CAK) after alleged unfair conduct regarding its credit billing and repayment cycles. KCB Bank has entered into a settlement agreement…

03 July 2024 - Technology plays a crucial role in the development of trading in Kenya's forex market.

03 July 2024 - The DRC pilot is expected to provide key lessons before the insurance services are launched in other subsidiaries, including Uganda, Tanzania, South Sudan and Rwanda.

03 July 2024 - The paint industry plays a significant role in construction process, and it is imperative to recognise the environmental impact associated with traditional paint production and consumption.

03 July 2024 - Kenya protests, Bolivia failed coup show perils of economic hardship

03 July 2024 - This comes at a time that the country is set for another fiscal review from The IMF

03 July 2024 - Kenyans spend Sh150bn in out-of-pocket expenditures on health services a year.

03 July 2024 - The EAC has allowed the country to charge higher duty on some imports.

03 July 2024 - Attempts to curb nicotine use through prohibition or aggressive regulation have not only failed but often exacerbated the problem.

03 July 2024 - A new schedule of salaries and benefits for State officers fell due on July 1 in line with an August 9,2023 gazette notice by the Salaries and Remuneration Commission.

03 July 2024 - The Appropriation Bill, which is now 2024 Appropriation Act after President William Ruto assented to the proposed law, will guide spending for the financial year that started on Monday or July 1...

03 July 2024 - According to NPR, 2023 was "a bloodbath for the tech industry, with more than 260,000 jobs vanishing."

03 July 2024 - Stanbic Bank Kenya took up Sh936.6 million from KMRC in the year ended December 2023 while NCBA borrowed Sh860 million in the same period.

03 July 2024 - The Supreme Court has declined to hear a dispute between the National Bank of Kenya (NBK) and a ranching company over a Sh2.8 billion parcel of land that was sold to recover a loan of Sh2.8...

03 July 2024 - Since 1895 La Biennale di Venezia (the Venice Biennale) has been the world’s foremost art exhibition and Agnes Waruguru is the only Kenya at this year's show. Held every two years in Venice...

03 July 2024 - 'Retirement planning: What kind of health safety net do I need?'

03 July 2024 - NSE data shows that market capitalisation fell to Sh1.706 trillion at close of trading yesterday, from Sh1.769 billion on June 18, the first day of the tax protests.

03 July 2024 - The ballooning debt servicing expenses have in recent years overtaken expenditures on salaries and wages, administration, operation, and maintenance of public offices for the national government.

03 July 2024 - Official data from the Tourism Research Institute (TRI) shows that 2.08 million tourists visited the country last year up from 1.54 million in 2022.

03 July 2024 - The Kenyan market has had a return of 50.4 percent according to the Morgan Stanley Capital International (MSCI) Index for the six months to June.

03 July 2024 - In the year to June 2023, KQ’s debt to KAA increased by Sh1.6 billion to hit Sh5.89 billion.

03 July 2024 - The banking industry has remained profitable in recent years and posted a profit before tax of Sh226.3 billion last year, albeit a slowdown from Sh244.1 billion in 2022.

03 July 2024 - The recent riots underscore the devastating impact of poor communication. There is need for a regulatory framework governing the practice of public relations in Kenya.