Business

11 June 2024 - In Africa, where conventional sectors appear to be reliant on natural resources, startups provide a means of achieving economic diversification. Africa can become less dependent on resource-based economies and build more resilient economic systems by…

11 June 2024 - The V8 engine's power delivery is enhanced by a supercharger, ensuring consistent performance without lag.

11 June 2024 - Kenyans say provisions in the Finance Bill 2024 will retard economic growth, impoverish Kenyans and lead to job losses.

11 June 2024 - LONDON, June 11 (Xinhua) — Prime Minister of the United Kingdom (UK) Rishi Sunak on Tuesday promised to cut taxes and reduce immigration as he launched the Conservative Party’s general election manifesto. “We Conservatives have a plan to give you…

11 June 2024 - This will be through investments of Sh13.9b annually

11 June 2024 - NAIROBI, Kenya, June 11 – The Insurance Regulatory Authority (IRA) has suspended the closure of Directline Assurance Company Limited, a few hours after the closure. IRA CEO Godfrey Kiptum said that the insurer is still operational. “The purported…

11 June 2024 - Malawi's Vice President Saulos Klaus Chilima, the former first lady Shanil Dzimbiri, and eight others who were earlier reported missing have been found dead. Reports reveal that they were killed in a plane crash. The plane took off on Monday and went…

11 June 2024 - 5G network sites to reach 1000 countrywide by the end of 2024.

11 June 2024 - The sacco offers diverse models suitable for all walks of life.

11 June 2024 - Sale of EAPC will see the government get at least Sh17.14billion

11 June 2024 - The two-day event has brought together investors, entrepreneurs, policymakers, and industry leaders

11 June 2024 - Kenyans anticipate a general increase in prices of several food items in June 2024, a new survey by the Central Bank of Kenya (CBK) shows.

11 June 2024 - KQ cargo plane stalled on the JKIA runaway a second wheel was damaged dring landing.

11 June 2024 - Kenya has cut back on its planned borrowing from IMF by 7.2 percent to Sh465.4 billion.

11 June 2024 - If the lenders Board approves a second review, Kenya will gain immediate access to Sh15.5 billion.

11 June 2024 - Rising interest rates reduce the market value of bonds, leading to unrealised losses for banks.

11 June 2024 - The V8 engine's power delivery is enhanced by a supercharger, ensuring consistent performance without lag.

11 June 2024 - Nation Media Group has begun parting ways with an estimated 180 employees in a rationalization process that is being described as shocking.

11 June 2024 - We often wonder what the most significant or transformative invention of our times is? Based on circumstances and identity, everyone would have their own choice of that single change that has impacted them and transformed lives. From the bullock cart…

11 June 2024 - NAIROBI, Kenya, June 11 – The government has reached a staff-level agreement with the International Monetary Fund (IMF), which intends to pave the way for the disbursement of $976 million (Sh126.05 billion). According to the IMF, the agreement will be…

11 June 2024 - JUNE 11 – The unemployment rate has unexpectedly risen to its highest level for two and a half years, official figures show. The rate climbed to 4.4% in the three months to April, the highest since September 2021. Despite the increase, wage growth…

11 June 2024 - Old Mutual Health, the health insurance arm of Old Mutual Group, has revamped its SME Health insurance product, taking into consideration the special needs of small and medium-sized enterprises (SMEs). 

11 June 2024 - Private equity fund Africinvest has completed the purchase of a 10.13 percent stake or 167.53 million shares in listed lender I&M Group.

11 June 2024 - Brookside Dairy has announced a cash reward payout of over Ksh.218 million to dairy farmers.

11 June 2024 - Even though the Roman Catholic Church, through its leader Pope Francis, approved a rule allowing the embrace and blessing of same-sex unions and even permitted gay men and lesbians to be ordained as members of the clergy, one Bishop John Oballa of…

11 June 2024 - CAK says the tech firm has financially hurt Odibets by denying punters access and redirecting them to the sites of rival betting firms.

11 June 2024 - A court has directed an investigator to obtain all documents from a bank that is being investigated over alleged banking fraud.

11 June 2024 - june 11 – With China accused of selling electric cars at artificially low prices, the European Union is widely expected to hit them with tariffs this week. The BYD Seagull is a tiny, cheap, neatly styled electric vehicle (EV). An urban runabout that…

11 June 2024 - Insurance Regulatory Authority(IRA) has termed as null and void communication made by Royal Credit Limited in regards to the operations of Directline Assurance Company.

11 June 2024 - Some African economies are projected to be among the world's largest economies in 2075. These countries can leverage their youthful populations and natural resources to drive economic growth.

11 June 2024 - President Lazarus Chakwera said the crash site was in a mountainous part of the Chikangawa Forest.

11 June 2024 - HANOI, June 11 (Xinhua) — Vietnam’s domestic motorbike market has reached a point of saturation, Vietnam News Agency reported Tuesday, citing the Vietnam Association of Motorcycle Manufacturers’ experts. Although Vietnam remains the world’s leading…

11 June 2024 - NAIROBI, Kenya, Jun 11 – Governors are calling on the Kenya Revenue Authority (KRA) to stop imposing Value Added Tax (VAT) on county governments’ revenue sources, along with the associated interest and penalties. The Council of Governors (CoG) has…

11 June 2024 - Stakeholders and diaspora organisations have rallied together and urged the government to reconsider the proposed amendments outlined in the Finance Bill 2024.

11 June 2024 - Safaricom overcharged Hustler Fund borrowers to the tune of Sh368 million in the seven months to June 2023.

11 June 2024 - TOPLINE Amazon founder Jeff Bezos overtook French luxury goods tycoon Bernard Arnault as the second-wealthiest person in the world Monday morning after LVMH’s shares fell and Amazon shares slightly increased—and the pair continued to flip-flop…

11 June 2024 - A collaborative effort between Schneider Electric Limited Kenya, the State Department for TVET, The French Ministry, and the National Education has seen the launch of a centre of excellence equipped with electrical and automation systems to provide…

11 June 2024 - The Insurance Regulatory Authority says it has the sole authority to “approve, suspend or cancel” the operations of any insurance company in Kenya.

11 June 2024 - High inflation typically has severe negative effects on any given economy, particularly in African countries. High inflation creates serious barriers to sustained growth, affecting everything from social stability and economic decision-making to…

11 June 2024 - Pwani Oil Products Limited (Pwani Oil), through its Beauty Soap, Afrisense Bathing Bar, has announced its sponsorship of the 2024 Miss Earth Kenya, which comes after a bootcamp starting 16th July to 19th July, 2024.

11 June 2024 - The BRICs group's latest member, Ethiopia, seems to have begun leveraging the group to bolster economic ties with fellow members of the bloc. Ethiopia and Russia reaffirmed their commitment to bolstering political dialogue and unifying strategies…

11 June 2024 - Access Bank Plc has announced the successful acquisition of African Banking Corporation (Tanzania) Limited, aligning with its strategic expansion plans.

11 June 2024 - NAIROBI, Kenya, Jun 10 – The Insurance Regulatory Authority (IRA) has revoked Promed Healthcare Administration Limited’s operating license. Through a notice, the Authority’s Chief Executive Officer, Godfrey Kiptum, noted that the facility’s license was…

11 June 2024 - SYDNEY, June 11 (Xinhua) — One of Australia’s four major banks has ruled out the possibility that the country’s Reserve Bank would cut its cash rate target this year. “Since November 2022, we have expected that the first cash rate cut in Australia this…

11 June 2024 - iZola, a leading health-tech startup specialising in solutions for parents of children with neuro-divergent conditions such as Autism Spectrum Disorder (ASD), has appointed Dr Leah Kirumbi as Chief Medical Advisor.

11 June 2024 - As a result of poor performance, Nation Media Group has announced massive layoff this year to stay afloat in the fledgling media industry.

11 June 2024 - South Africa's Safair and Kenya Airways secured positions among the most punctual airlines in the Middle East and Africa (MEA) region in 2023, as reported by Cirium in its annual assessment of the world's top global airlines for on-time performance.

11 June 2024 - SAN FRANCISCO, June 10 (Xinhua) — Apple on Monday introduced Apple Intelligence, the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context at the WWDC24 event. “Apple Intelligence is…

11 June 2024 - NAIROBI, June 10 (Xinhua) — Kenya on Monday launched a Pan-African accreditation scheme for locally trained professionals and domestic products to boost their global recognition. Walter Juma Ongeti, chief executive officer of the state-owned Kenya…

11 June 2024 - SINGAPORE, June 11 (Xinhua) — Singapore Airlines (SIA) has offered 10,000 U.S. dollars to passengers who suffered minor injuries on board of the turbulence-hit flight SQ321 in May, the company said Tuesday. SIA would invite passengers who sustained…