Business

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—…

28 May 2025 - Kenya has made remarkable progress in electrification, rising from 32 percent access a decade ago to nearly 75 percent today, a feat driven significantly by the growth of mini-grids.

28 May 2025 - NAIROBI, Kenya, May 28 — The Kenya Association of Manufacturers (KAM) is warning that Kenya could soon face power shortages unless the government lifts the moratorium on new Power Purchase Agreements (PPAs) and sub-station projects. Speaking during the…

28 May 2025 - Kenya’s real estate sector is sounding the alarm over proposed tax changes in the Finance Bill 2025 and the National Rating Act 2024, warning that they could derail affordable housing efforts, scare away investors, and hurt millions of livelihoods.

28 May 2025 - The World Bank wants the Kenyan government to exempt low-income earners from the housing levy and contributions towards the Social Health Insurance Fund (SHIF).

28 May 2025 - Dwindling hydro power generation has in the past prompted the country to increasingly use the expensive and dirty thermal plants, hitting consumers with steep power bills.

28 May 2025 - A transparent culture lets family members share views and concerns openly, without fear of judgment hence minimising conflict.

28 May 2025 - MAY 28 – PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump’s trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by…

28 May 2025 - NAIROBI, Kenya, May 28 – TransCentury PLC has posted a net profit of Sh580 million for the full year ending December last year, an improvement from a loss of Sh3.2 billion recorded during a similar period in 2023. The Nairobi Securities Exchange-listed…

28 May 2025 - I kept taking loans from different lenders just to keep up, and my paycheck was running in the negative at this point. I stopped hanging out with friends, not because I didn’t want to, but because I couldn’t explain why I was always broke.When I tried…

28 May 2025 - Roughly 49% of South Africa’s refining capacity remains idle. Over the past five years, South Africa’s refining capacity has been cut in half due to a combination of accidents and underinvestment.

28 May 2025 - Hustle culture isn’t empowering. It’s as exhausting as it is depressing. And it’s killing us. One by one, day by day.

28 May 2025 - From West Africa, shea butter is powering a global market worth billions. An industry in transition, women built it, and now men are racing to scale it. Can the sector grow without leaving its original stakeholders behind? In 2016, Richard Akanmode was…

28 May 2025 - TransCentury PLC, a Nairobi Securities Exchange-listed infrastructure investment company, has announced its audited financial results for the year ended 31st December 2024, delivering a Ksh.580 million profit after tax from a loss of Ksh.3.2 billion in…

28 May 2025 - The Kenya Association of Manufacturers (KAM) is warning of possible power rationing if investments are not made in new power purchase agreements and the construction of new power stations.

28 May 2025 - The United States Mission in Nigeria has issued a security alert to American citizens and expatriates following a suspected bombing near the Mogadishu Barracks in Abuja.

28 May 2025 - NAIROBI, Kenya, May Safaricom has announced a Sh66 billion investment to build artificial intelligence (AI) infrastructure across East Africa over the next three years. The project will focus on upgrading digital infrastructure, forging collaborations…

28 May 2025 - The African Development Bank (AfDB) has announced a record $11.1 billion in new investments for 2024–2025.

28 May 2025 - ECOWAS leaders will meet on Wednesday to mark the 50th anniversary of the organization’s founding, where they are likely to address ongoing security concerns in the region, as well as address the implications of trade tariffs and U.S. aid cuts. The…

28 May 2025 - MAY 28 – The Trump administration will direct US federal agencies to review Harvard University’s grants to potentially end or redistribute funding, as part of the White House’s escalating battle with America’s oldest university. The Government Services…

28 May 2025 - NAIROBI, Kenya, May 28 — Kenya’s wealthiest individuals may soon be subject to a higher income tax rate under new reform proposals from the World Bank aimed at enhancing tax equity and boosting government revenues. In its latest Public Finance Review…

28 May 2025 - NAIROBI, Kenya, May 28 — Kenya’s electric mobility drive has received a major boost following a strategic partnership between MojaEV, a leading electric vehicle (EV) distributor, and Green Max Capital Advisors, aimed at easing access to EVs for public…

28 May 2025 - Chinese e-commerce giant PDD Holdings saw net profit almost halve in the first three months of the year as the Temu owner prepared for a blistering trade war between Beijing and Washington.

28 May 2025 - NAIROBI, Kenya, May 28 – The International Consumer Protection and Enforcement Network (ICPEN), comprising over 70 global consumer protection authorities, has issued a joint open letter advising airlines to align their environmental marketing with…

28 May 2025 - MAY 28 – Brazilian prosecutors are suing Chinese electric vehicle (EV) giant BYD and two of its contractors, saying they were responsible for human trafficking and conditions “analogous to slavery” at a factory construction site in the country. The…

28 May 2025 - In 2024, African countries collectively lost tens of millions of euros in non-refundable application fees due to European Union (EU) visa rejections, indicating a growing financial and mobility burden for African travelers.

28 May 2025 - The World Bank now says that Kenya’s debt level is increasingly concerning, with the classification of "high risk of default" only serving to put more pressure on the National Treasury.

28 May 2025 - The tone of Nigeria’s debt conversation in less than a month has pivoted from jubilant to concerned, owing to the intent of President Bola Tinubu to borrow more money, despite recently clearing its IMF debts.

28 May 2025 - Money Market Funds (MMFs) are investments where investors pool their money into a fund and invest in short-term, low-risk securities that range between one day and one year. MMFs are a great investment for small investors as well as large investors.…