Business

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.

27 August 2024 - KTDA's newly elected bosses seek to find new markets for Kenyan tea.

27 August 2024 - It is estimated that over three million Kenyans reside in various countries around the globe.

26 August 2024 - Firms in other sectors such as tourism and hotels have also been posting weakened demand.

26 August 2024 - Bolt said the feedback it received from engagements with drivers led it to increase the prices.

26 August 2024 - Fuel prices have a big effect on inflation in Kenya, which relies heavily on diesel for transport

26 August 2024 - The lender’s non-interest income rose by 15.1 percent to Sh6.4 billion from Sh5.5 billion

26 August 2024 - In her epilogue Zeinab spotlights today’s African youth as she looks to their future – about which she insists they should feel optimistic.

26 August 2024 - The Equalisation Fund is meant to uplift regions of the country previously secluded from the national cake.

26 August 2024 - NAIROBI, Kenya, Aug 26 – Diamond Trust Bank (DTB) posted a Sh4.9 billion net profit in the half year ended June 2024, a 12 percent jump compared to a similar period last year. DTB Group Chief Executive Officer and Managing Director Nasim Devji…

26 August 2024 - The need for cash in retirement is crucial, as most studies have shown.

26 August 2024 - The summit comes at a critical time for Kenya as it plans to put up the first nuclear power plant in Kilifi or Kwale.

26 August 2024 - In less than a year, his efforts are bearing fruit, with up to 10 customers purchasing his plants each week.

26 August 2024 - With the growth of the social media space, sharing of personal data is becoming more rampant.

26 August 2024 - It is crucial to replace price controls with expanded and better-targeted social safety nets

26 August 2024 - Some of the most expensive palms include the Bismarck palm.

26 August 2024 - It’s clear that when writing this movie, character motivations were a priority.

26 August 2024 - The Tribunal ruled that the taxman was not justified in raising the withholding tax assessment.

26 August 2024 - The beauty of The Crow story lies in its barebones.

26 August 2024 - Karibu Connect, led by CEO John Thuo, is bringing Starlink's satellite internet to Kenya, improving connectivity in remote areas and boosting the country's digital growth.

26 August 2024 - Kenya risks incurring the wrath of the American government by attempting to block Elon Musk's Starlink satellite internet service from expanding in the Kenyan market.

26 August 2024 - The facility has handled one ship for Ethiopia. No ships for South Sudan have docked. Launched in May 2021, the project started on a high note but the momentum faded away.

26 August 2024 - President William Ruto's administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya's credit rating.

26 August 2024 - Bank's net earnings grows from Sh4 billion that had been posted in the preceding similar period last year.

26 August 2024 - Government slapped with a Sh1.4 billion bill for botched contract worth millions of shillings.

26 August 2024 - Kim-Fay plas to set up a new recycled paper manufacturing facility in Tatu City.

26 August 2024 - High Court has declined to allow the sale of the shares of First European Finance Investment Limited n three companies, including the Vipingo Ridge.

26 August 2024 - Denmark has announced plans to open embassies in Rwanda, Senegal and Tunisia, and increase its diplomatic workforce in its embassies to Egypt, Kenya, South Africa, Nigeria and Ghana.

26 August 2024 - Bolt announced it had increased base fares across all categories by 10 percent.

26 August 2024 - Kenya Roads Board awarded a service contract to Vickers Security Limited for being the only company to comply with minimum wage law.

26 August 2024 - Kenya Airways search for a new strategic equity investor drags on, missing set deadlines.

26 August 2024 - COLOMBO, Aug. 26 (Xinhua) — Sri Lanka’s Hambantota International Port (HIP) has recorded a substantial increase in its operational volumes, achieving a 40 percent growth so far in 2024, Hambantota International Port Group (HIPG) said in a press…

26 August 2024 - NAIROBI, Kenya, Aug 26 – Seven in 10 Kenyan (70 percent) digital credit borrowers will be able to repay their loans in time despite tough economic challenges, a new report shows. The latest customer barometer survey by Tala, however, reveals that…