Business

27 August 2024 - Data by RBA shows that offshore investments by pension funds grew by 68.8 percent in the 12 months to June 2024 closing at Sh39.04 billion.

27 August 2024 - Social media platforms are being harnessed to create engaging content and showcase the country’s diversity

27 August 2024 - Ms Olal shares that professionalism should dictate the hiring of candidates.

27 August 2024 - Most African nations, which are traditionally known as having the continent's lowest gasoline costs, reported a modest increase in fuel prices in August compared to July. Several local and international economic forces conspired to trigger these…

27 August 2024 - KLB’s biggest market is in Kenya, where it enjoys the lion's share for textbooks for primary and secondary schools.

27 August 2024 - IRA Commissioner Godfrey Kiptum said the partnership would boost the integrity of the insurance industry.

27 August 2024 - Recent developments have seen Starlink rattle traditional telecommunications operators such as Safaricom.

27 August 2024 - The Nyerere Bridge in Tanzania, according to the government, has brought in a hefty sum since its establishment, but still has ways to go before the bridge's investment funds are recovered.

27 August 2024 - Sama AI CEO forecasts that by 2030, more than 50 to 55 per cent of jobs in Kenya will require digital skills

27 August 2024 - Flame Tree is now pursuing a debt restructuring exercise to manage the high costs that have constrained its cash flows and limited investment opportunities.

27 August 2024 - NCBA's autosweep feature signals a drive by the bank to curb defaults and late payments.

27 August 2024 - In July 2022, Uganda’s Parliament adopted Kiswahili as an official language.

27 August 2024 - If you possess a trademark, ensure that your registered mark is suitable for the purpose, unique, unlikely to result in litigation from others, and enforceable if others use anything similar.  

27 August 2024 - MPs say the move targets to curb abuse of the tax waiver system.

27 August 2024 - Continues to push for more exports to Kenya.

27 August 2024 - It’s no secret that, along with South Africa and Nigeria, Kenya is right up there as one of the biggest producers of content in Africa’s entertainment and media landscape. As stated in the PricewaterhouseCoopers (PwC) Africa Entertainment and Media…

27 August 2024 - In Kenya, counties levy cess fees of between Sh40-3,000.

27 August 2024 - The lender’s net profit growth came as net interest income rose by 12.7 percent to Sh4.97 billion and non-interest income grew by 20 percent to Sh2.28 billion.

27 August 2024 - Despite relief at a high level, 80 per cent of Kenyans think food and grocery costs have increased in the last six months 83% of respondents said that their overall living expenses have increased in the first half of this year.

27 August 2024 - NAIROBI, Kenya, Aug 27 – Entries for the 23rd Financial Reporting (FiRe) Awards are open ahead of the annual prestigious gala dinner ceremony slated for December 5, 2024. Participating entities should avail a soft copy version of their latest Annual…

27 August 2024 - The Asian country is Kenya's biggest import source.

27 August 2024 - While IQ can be a controversial measure of intelligence, it remains a popular measure. In Africa, Liberia has an average IQ of 45.07, placing it at 198th in global rankings.

27 August 2024 - Libya's oil production has plummeted after authorities in the country's east enforced a shutdown, intensifying a crisis that the United Nations warns could threaten the economy's collapse.

27 August 2024 - AUG 27 – Meta boss Mark Zuckerberg says he regrets bowing to what he said was pressure from the Biden administration to “censor” content on Facebook and Instagram during the coronavirus pandemic. In a letter sent to a US House committee chair, he…

27 August 2024 - NAIROBI, Kenya, August 27 – A new report from the Malabo Montpellier Panel has now stressed the need for African food processors to take advantage of the rising population, urbanization, and middle-class incomes to decrease the continent’s reliance…

27 August 2024 - AUG 27 – The prime minister has scrapped a government helicopter contract – thought to be worth £40m. Rishi Sunak was criticised for his use of helicopters during his time in No 10. The contract was set to be renewed, but is now being scrapped by…

27 August 2024 - I&M's share price was trading at Sh20.60 on Tuesday before the results announcement.

27 August 2024 - Family Bank has announced a 17.1 per cent increase in profit after tax for the first half of 2024, reaching Sh1.7 billion from Sh1.4 billion posted in 2023.

27 August 2024 - NAIROBI, Kenya, Aug 27 – Experts are meeting in Nairobi to discuss ways to improve food and feed safety in Kenya. The three-day workshop, which started today, is co-hosted by the Food and Agriculture Export Alliance (FAEA) and the United States…

27 August 2024 - The African phone market has witnessed rapid expansion in recent years with the International Telecom Union (ITU) forecasting the number of mobile phone users to hit 500 million in 2025.

27 August 2024 - In a bid to expand the capacity of the Tanzanian- Zambia Crude Oil Pipeline, simply known as the Tazama Pipeline, a contractor has been assigned the job of conducting a feasibility study.

27 August 2024 - A new strain of the virus, clade Ib, has the world's attention again.

27 August 2024 - AUG 27 – Prosecutors in Italy say the sinking of the superyacht Bayesian off the coast of Sicily, that left seven people dead, could results in charges of manslaughter and negligent shipwreck. Speaking to journalists, Ambrogio Cartosio, public…

27 August 2024 - NAIROBI, Kenya, Aug 27 – Kenyan-founded business-to-business (B-2-B) e-commerce platform Wasoko has finalized a merger with Egyptian online retailer MaxAB, allowing the two entities to form a pan-African entity. The deal, which involves an all-stock…

27 August 2024 - KRA said job shortlists would be done to accommodate non-represented and the under-represented ethnic communities, gender, and PWDs.

27 August 2024 - As it is within Sub-Saharan Africa, it has also been observed in the Northern part of Africa that Western influence is losing ground to Russian influence. This has been a predominant trend around the continent owing to some key factors, including the…

27 August 2024 - Nigerian regulators expect a formal approval of Exxon Mobil Corp.'s sale of its oil and gas assets to Seplat Energy Plc within four months.

27 August 2024 - Topline Dutch privacy regulators hit Uber with a record $324 million (€290 million) fine Monday for violating the European Union’s data protection laws by transferring sensitive personal data of its drivers to the U.S. without adequate safeguards.…

27 August 2024 - President Ruto launches Raila'S AUC chair bid at State House

27 August 2024 - AUG 27 – Prime Minister Justin Trudeau has said he plans to lower the number of low-wage, temporary foreign workers and permanent residents being let into Canada. Mr Trudeau made the announcement on Monday, on the second day of a cabinet retreat…

27 August 2024 - AUG 27 – Imagine picking up a nice juicy apple – but instead of biting into it you keep the seeds and throw the rest away. That’s what chocolate producers have traditionally done with the cocoa fruit – used the beans and disposed of the rest. But now…

27 August 2024 - NAIROBI, Kenya, Aug 27 – Family Bank profit before tax grew by 15.4 percent to Sh2.32 billion in the first six months of this year compared to a similar period in 2023, buoyed by a rise in interest income. In the review period, net interest income…

27 August 2024 - Former President John Dramani Mahama has weighed in, urging caution and emphasising the importance of maintaining democratic values.

27 August 2024 - Motorists have been overcharged an estimated Ksh16.4 billion or Ksh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies.

27 August 2024 - President Ruto launches Raila African Union Commission chair bid at State House

27 August 2024 - Direct to Cell satellites will initially be launched on SpaceX’s Falcon 9 rocket and then on Starship.

27 August 2024 - CAIRO, Aug. 27 (Xinhua) — The International Monetary Fund (IMF) on Monday approved a disbursement of 820 million U.S. dollars to Egypt as part of an 8 billion-dollar loan program. The IMF said macroeconomic conditions in Egypt have improved since the…

27 August 2024 - AUG 27 – Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium. Canada and its…

27 August 2024 - NAIROBI, Aug. 26 (Xinhua) — Kenya said Monday that it is actualizing its fiscal consolidation, bettering export performance, and expanding foreign reserves to improve its sovereign credit ratings. The National Treasury said in a report that the…

27 August 2024 - Consumer bodies and manufacturers say proposals like eco levy and excise duty on sugar will worsen the cost of living.