Business

16 June 2024 - RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country's carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.

16 June 2024 - TOKYO, June 16 (Xinhua) — Japan Post has announced that it will raise postage rates for letters and postcards in October, in a bid to improve profitability amid a decrease in postal items. Japan Post said that postage rates will increase to 110 yen (0.…

16 June 2024 - NAIROBI, Kenya, June 16 – Family Bank shareholders have approved the establishment of a non-operating holding company that will hold shares in Family Bank Kenya and other non-banking subsidiaries ahead of expansion plans. The lender is planning to…

16 June 2024 - KRA says the company’s records indicate that it charges Sh35 per square foot for management service.

16 June 2024 - By Victoria Goro JUNE 16 – Before the advent of YouTube and video streaming in Africa, our children mainly relied on foreign animated cartoons like Teletubbies for entertainment and education. During that time, only a few who could afford a television…

16 June 2024 - Esther Kimani was on 13th July named winner of Africa’s biggest engineering prize, the Royal Academy of Engineering Africa Prize for Engineering Innovation, in Nairobi. Her early crop pest and disease detection device was selected as the winning…

16 June 2024 - The budget highlight read by CS Ndung’u on Thursday was a mere ceremony as per the law.

16 June 2024 - TUNIS, June 15 (Xinhua) — At least 3.37 million tourists have visited Tunisia until June 10 this year, up 5.3 percent from the same period last year, private radio station Mosaique FM reported on Saturday. “The total number of tourists is likely to…

16 June 2024 - JUNE 15 – Kiandu Coffee Factory in Nyeri has installed solar panels to cut energy costs. The Sh30 million solar eco pulping machine, which uses less power as well as minimal water during coffee cherry processing, will cover more than 5,000 farmers.…

16 June 2024 - The Kenya Power and Lighting Company (KPLC) has asked its customers in six counties to brace themselves for power cuts today, Sunday, June 16, 2024, due to critical electricity maintenance work and system upgrades to boost supply. The six counties…

15 June 2024 - Two robbery suspects are dead after a police-involved shooting in Homa Bay County. In today’s incident that happened in the afternoon hours, the unidentified robbers were shot and killed in the Got Kokech area along the Homa Bay-Kendu Bay road a few…

15 June 2024 - Anastacia Mukabwa, a renowned Kenyan gospel musician, is ill with cancer – breast cancer. Although she still drops new music regularly, the latest being Ninashuka Chini, released a day ago after rebranding her stage name to Anastacia Kakii and…

15 June 2024 - Economists and politicians caution that spending cuts could adversely impact public service delivery and raise the cost of living.

15 June 2024 - By now, any patriotic citizen with at least an average sense of awareness on national matters has some idea of what the government has proposed for the next 12 months, good or bad.

15 June 2024 - The cost of petrol is down by Sh3 per litre, diesel by Sh6 and kerosene by Sh5.71 in Epra guidelines. The shilling has strengthened to around 130 against the dollar.

15 June 2024 - Ongeti said KENAS acts as the 'checker of checkers' accrediting organisations that assess the competence of laboratories, inspection bodies, and certification bodies.

15 June 2024 - Ethiopia has announced an economic liberalization move, allowing foreign banks to establish local subsidiaries and permitting foreigners to acquire shares in domestic lenders.

15 June 2024 - Nigeria's headline inflation increased for the 17th consecutive time to 33.95% in May 2024, up from 33.69% in April, according to the latest Consumer Price Index and Inflation report released by the National Bureau of Statistics (NBS) on Saturday.

15 June 2024 - The energy regulator retained cross-subsidy on super petrol, cutting prices of the commodity by a higher margin.

15 June 2024 - In the fast-paced realm of digital marketing, one man has consistently defied norms, driven by an insatiable thirst for innovation and a contagious energy that inspires all around him. Dennis Maina, the visionary founder of Suss Ads, a Digital…

15 June 2024 - The Finance Bill, 2024 carries significant implications for the housing and settlement sector, aligning with the government's commitment to address the country's housing challenges.

15 June 2024 - Niger's new administration has withdrawn the former president's immunity, which protected him from prosecution. The highest court in the Junta government just issued the verdict, leaving Mohamed Bazoum, the deposed leader at the mercy of a potential…

15 June 2024 - The Kenyan shilling has recently risen to levels not seen in over a year. The currency rose to a 15-month high against the US dollar. The last time the currency was this strong was in March 2023. From Shs161/$ to now Shs 128.66/$, the Kenyan Shilling…

15 June 2024 - Secures deal that will remove cash deposit requirements by shipping lines.

15 June 2024 - JUNE 15 – The Africa Fintech Festival concluded yesterday in Naivasha, with industry players reiterating the need for smart regulation, green technology, and agritech. The four-day event, a collaboration between the Association of Fintechs in Kenya (…

15 June 2024 - BERLIN, June 14 (Xinhua) — The UEFA EURO 2024 football championship is expected to bring an additional 1 billion euros (1.07 billion U.S. dollars) towards the German economy from visiting fans, the country’s ifo Institute for Economic Research said…

15 June 2024 - Orange juice prices have always been volatile, falling when bumper harvests create an oversupply of oranges and rising when frost or a hurricane knocks out fruit trees.

15 June 2024 - Ordinary bread is one of the items that has been removed from zero-rating status.

15 June 2024 - Document allows one to sue a landowner who breaches a lease agreement.

15 June 2024 - Without cross-subsidy, super petrol prices would have dropped by a lower margin than Sh3 per litre.

15 June 2024 - By Peter Mulwa JUNE 15 – A dear friend once told me, “Peter, in this modern era, ignorance is a choice we need not make. Technology has expanded our horizons, especially in accessing and applying knowledge.” I find the same sentiment applicable when it…

15 June 2024 - Finance ministers have outlined fiscal measures that will cause more pain to households and struggling businesses.

15 June 2024 - TOKYO, June 15 (Xinhua) — Toyota Motor Corp. has decided to continue the current production halt for three vehicle models affected by its testing irregularities until July or later. Toyota decided to extend the production halt beyond the originally set…

15 June 2024 - NAIROBI, Kenya, June 15 – Absa Bank has partnered with the International Trade Centre (ITC) SheTrades to host the Absa InspireMe Conference, targeting over 10,000 women entrepreneurs across Africa. The lender says the platform will go a long way in…

15 June 2024 - In Kenya, general commerce and traditional retail activities have long been plagued by inefficiency, with large, contemporary retail outlets unable to reach rural areas effectively or in time.

15 June 2024 - NAIROBI, Kenya, June 15 – Kenya is set to host the pilot project for Indonesian tech company Aeroterra & Eldera Matadata Presisi to enhance environmental sustainability. This initiative marks a collaborative effort to harness advanced drone and AI…

15 June 2024 - The white sorghum, known as Jasiri, is among the three newly unveiled varieties.

15 June 2024 - This approach ensures that the tax burden does not stifle economic activity.

15 June 2024 - South Africa's parliament has re-elected Cyril Ramaphosa as president after a landmark coalition deal between the governing African National Congress (ANC) and opposition parties.

15 June 2024 - The outlined tax measures are supposed to net in Sh346 billion.

15 June 2024 - While AI may create new types of jobs, there will likely be workforce disruptions and a need for reskilling programmes with a consequent impact on workforce morale.

15 June 2024 - Traditional supply chains have been disrupted by geopolitical tensions and technological advancements that continue to reshape international trade.

15 June 2024 - President William Ruto has called for expanding the mandate and financial muscles of regional lenders to help mobilise more domestic resources for development across the continent.

15 June 2024 - It is becoming increasingly difficult to link this administration's fine words with its fancy (and correct) ideas - six objectives, five pillars, five clusters, nine value chains etc

14 June 2024 - The desire by the Kenya Kwanza administration to increase the tax to Gross Domestic Product (GDP) ratio will see the administration squeeze Kenyans further to achieve the dream.

14 June 2024 - The Energy and Petroleum Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel and Kerosene by Sh3.0, Sh6.08 and Sh5.71 per litre respectively.

14 June 2024 - The Ministry of Defence will get the lion's share at Sh173.1 billion, while the National Police Service will get Sh110.6 billion.

14 June 2024 - Information gaps rather than a lack of transport links represent the main constraint to boosting commercial ties between Africa and the Caribbean

14 June 2024 - Odibets, Kenya’s leading betting company on Friday, 14th June, launched the Omoka na Euro Promax where punters have an opportunity to win smartphones and motorbikes.

14 June 2024 - The insurer expects to complete the entry in the next six to eight months.