Business

22 August 2024 - New research says there is still room for more home loans in the market, even as data shows a drop in the ratio of mortgages to total credit.

22 August 2024 - The rebound was supported by higher revenues in the period.

22 August 2024 - Now Nala has raised $40 million to build its own payment rails allowing global businesses to move money to and from Africa. Benjamin Fernandes launched his fintech startup Nala in 2018 with the aim of speeding up money transfers within his native…

22 August 2024 - The government could have lost Sh62 billion in revenue in the last three years after an importer allegedly misdeclared the consignments in a bid to avoid paying the requisite taxes.

22 August 2024 - The electricity Consumers Society of Kenya cited lack of transparency and consumer involvement on contracted capacity on diesel plants as reasons for the high cost of power.

22 August 2024 - A parliamentary committee is investigating how the Central Bank of Kenya awarded a Sh14.2 billion contract for replenishing Kenya shilling notes to a German firm.

22 August 2024 - NAIROBI, Kenya, Aug 22 – American satellite internet provider Starlink has launched a rental option, allowing Kenyans to acquire internet hardwares in installments.  The company, owned by billionaire Elon Musk, said that customers can now access its…

22 August 2024 - SACRAMENTO, United States, Aug. 22 (Xinhua) — A new study raised significant concerns about the nutritional quality of infant and toddler foods currently sold in the United States with misleading marketing claims. A staggering 60 percent of these…

22 August 2024 - NAIROBI, Kenya, Aug 22 – The National Bank of Kenya (NBK) has posted a net profit of Sh839 million in the half year ended June 30, 2024, an improvement from a pre-tax loss of Sh3.8 billion recorded during a similar period last year. NBK attributes…

22 August 2024 - Ronaldo’s success on YouTube is a natural extension of his already vast social media presence. At the time this report was written, he had hit 15.6 million subscribers.

22 August 2024 - Wandayi and Managing Director said they are exploring ways to expand markets in the region as the company plans to diversify into LPG business and establish fibre-optic cables countrywide.

22 August 2024 - NAIROBI, Kenya, August 22 – The Aga Khan University Hospital has performed the first noninvasive procedure in the region that provides access to treatment of gynaecological conditions. Aga Khan conducted the Vaginal Natural Orifice Transluminal…

22 August 2024 - CHICAGO, Aug. 22 (Xinhua) — The U.S. Federal Reserve will likely cut interest rates at its September meeting if economic data continues to come in as expected, according to minutes of the Fed’s July 30-31 meeting released Wednesday. “Almost all…

22 August 2024 - NAIROBI, Kenya, August 22 – Absa Bank Kenya has announced plans to increase its agency network by 2,400 to supplement the accessibility of financial services across the country. In a statement, the lender said that it will expand the number from 600…

22 August 2024 - NAIROBI, Kenya, Aug 22 — The Central Bank of Kenya (CBK) has defended its decision to award a Sh14.2 billion tender for the printing on new banknotes citing stockout fears. CBK told a parliamentary committee on Wednesday that projections in mid 2023…

22 August 2024 - The average rate of insurance penetration in the country is less than three per cent.

22 August 2024 - The total foreign purchases of Sh11.578 billion exceeded the total foreign sales

22 August 2024 - Companies that articulate a purpose beyond profit are more likely to resonate with both consumers and employees. A prime example is Safaricom.

22 August 2024 - Exchequer did not make any money releases in the first month of this financial year.

22 August 2024 - By providing an alternative to the congested Likoni Ferry crossing, Dongo Kundu Road is making it easier to reach some of our most stunning destinations like Diani and Tiwi.

22 August 2024 - Residents of Mutomo Village in Gatundu South, whose land was set to be acquired for the expansion of Mama Ngina University, have vowed to push for compensation.

22 August 2024 - The iconic Old Town, or Mji wa Kale, is now a shadow of its former self. Sewage flows through the alleys, posing a serious threat to the health of both residents and visitors.

22 August 2024 - Shelter Afrique Development Bank (ShafDB), a Pan-African institution committed to financing and advancing housing, urban, and related infrastructure development.

22 August 2024 - The Central Bank has defended secretly awarding a Sh15 billion ($109.42 million) tender to a German company to print new currency notes, saying the process was above board.

22 August 2024 - The Federal Government, through the Nigeria Immigration Service (NIS), has increased the fees for the processing and acquisition of Nigerian Passports.

22 August 2024 - Maasai Mara asked the court to order the seizure of the defendant's assets

21 August 2024 - Led by Chairperson Kareke Mbiuki, the committee said Kenya continues to lose potential tourists to competing African destinations with similar attractions across the country.

21 August 2024 - The share appreciation added Sh22.57 billion to the valuation of the company.

21 August 2024 - Fintech stands out as the most popular sector, with 128 startups securing financing, which accounts for 31.5 percent of all funded startups in Africa.

21 August 2024 - Retailers are becoming increasingly sophisticated as publishers that monetise their physical and digital footprints.

21 August 2024 - The sports industry is highly competitive at every level, and it’s all about solving stakeholders’ problems.

21 August 2024 - Dr Thugge said the CBK embarked on sourcing a new currency printer after De La Rue made a business decision to close down its printing firm.

21 August 2024 - Epra had advertised the three-year fuel marking tender in November 2021 and reviewed bids that saw Intertek Testing Services and Authentix emerge top.

21 August 2024 - Kenya made tremendous progress in adopting battery electric vehicles in 2023.

21 August 2024 - About 28 million Kenyans lack access to clean safe water, and 41 million lack improved sanitation, jeopardising food and energy security.

21 August 2024 - The Tanzanian operations are relatively smaller than Kenya’s, which posted Sh631 million net profit

21 August 2024 - The cost of extending her home was Sh1.2 million which includes cost of changing her roof.

21 August 2024 - Business awareness is everything. Being able to see what others may miss.

21 August 2024 - There are many ways a sole proprietor can exit from the business and still maintain a legacy.

21 August 2024 - Russian grain exports reached a record high of 72 million tons in the fiscal year that ended June 2024. This is according to information the Russian Minister of Agriculture Oksana Lut disclosed. The minister also revealed that Africa became a…

21 August 2024 - As of today, Kenya has reported its first confirmed case of Mpox caused by a deadly strain only seen in the Democratic Republic of Congo, this is according to WHO.

21 August 2024 - The Central Bank of Kenya (CBK) data shows that the six counties had 931 branches or 62 percent of Kenya’s 1,511 banking outlets.

21 August 2024 - Africa’s creative economy has never looked better. And while African music has been at the forefront, there has been an uptake, both locally and internationally, from a film and television perspective. It’s not all glitz and glam behind the scenes,…

21 August 2024 - Kenya is one of the world’s largest exporters of black tea, with the crop contributing approximately 23 percent to the country’s GDP.

21 August 2024 - The state of our nails speaks a silent language, warning us of deeper issues.

21 August 2024 - NSE data shows that the bond fetched a price of 101.2618 on Monday, a sharp contrast from 106.17 on February 26.

21 August 2024 - National Treasury and Economic Planning Cabinet Secretary John Mbadi is calling upon the Kenya Revenue Authority to adopt technological modernisation and innovation to enhance revenue collection.

21 August 2024 - WINDHOEK, Aug. 21 (Xinhua) — Namibia is on track to become one of Africa’s leading oil producers by 2035, potentially producing more than half a million barrels of oil per day, an official said on Wednesday. This development could see the country…

21 August 2024 - NAIROBI Kenya, Aug 21- National Treasury has released Sh40 billion to several government ministries to forestall disruption of services. The Ministry of Education has been allocated Sh29.7 billion, Ministry of Agriculture Sh4.6 billion, the Ministry…

21 August 2024 - BY DOMAS MINEIKIS AUG 21 – Micro, Small, and Medium Enterprises (MSMEs) are undeniably the backbone of Kenya’s economy, significantly contributing to economic prosperity and social well-being. These enterprises play a crucial role in fostering…