Business

21 August 2024 - Recent controversies at Kenya Police Sacco and National Metropolitan Sacco highlight growing concerns about the future of key sector.

21 August 2024 - Whereas Kenya Pipeline gave the project a clean bill of health, the spill at Kibwezi was a disaster. Company says it cleaned the affected area but locals say they still fear the effects could crop up

21 August 2024 - Kenya Pipeline has denied claims that Kenyans may have spent nearly double the initial cost of building the Sh48.4 billion oil pipeline connecting the port of Mombasa to its Nairobi depot.

21 August 2024 - Kenya's vast informal economy which is largely made up of micro, small and medium enterprises (MSMEs) has been cited as a source of unfair competition for mainstream firms.

21 August 2024 - Uganda is conducting oil exploration in two additional regions that could boost the country's proven reserves beyond the current 6.5 billion barrels.

21 August 2024 - This will see around 15,000 Prudential employees using AI to improve customer service.

21 August 2024 - The regional units contributed 30 percent to the Group's operating income

21 August 2024 - Kenya has signed a 5-year deal with German currency firm Giesecke+Devrient.

21 August 2024 - JOHANNESBURG, Aug. 21 (Xinhua) — South Africa’s annual consumer price inflation slowed to 4.6 percent in July from 5.1 percent in June, reaching the lowest level in three years since July 2021, official data showed Wednesday. In July, lower annual…

21 August 2024 - All five banks, which have 76 branches in Tanzania, recorded double-digit percentage growth in pre-tax profits.

21 August 2024 - AUG 21 – “I want to go home,” Kenyan Eulita Jerop tells the BBC from Lebanon, where she is employed as a domestic worker. But the terms of her employment make it difficult for her to leave, despite fears of an all-out war in the country. She has been…

21 August 2024 - Kenya has signed a 5-year deal with German currency firm Giesecke+Devrient.

21 August 2024 - The taxman who is expected to collect about Sh3tr to support funding of the 2024-25 budget.

21 August 2024 - More than 300,000 jobs could be shed as companies cut costs.

21 August 2024 - NAIROBI, Kenya, Aug 21 – Kenya Revenue Authority (KRA) has announced plans to enhance technology in the tax system following a directive from Cabinet Secretary for National Treasury John Mbadi.  The taxman says the move is meant to drive up revenue…

21 August 2024 - Uber announced Tuesday it had raised the base fare in Kenya by 10 per cent to Ksh.220 a ride following drivers' protests.

21 August 2024 - The Kenyan coffee auction fetched Sh465.3 million in the weekly sale from 12,102 bags. The consignment weighing 745,242 kilogrammes was purchased by 17 local and international buyers.

21 August 2024 - AUG 21 – OpenAI and global magazine giant Condé Nast have announced a partnership to allow ChatGPT and its search engine SearchGPT to display content from Vogue, The New Yorker, GQ and other well known publications. The multi-year deal is the latest…

21 August 2024 - Nairobi, August 21, 2024 – The Kenya Pipeline Company (KPC) has refuted allegations published in a local daily that it paid an extra Sh40 billion in a pipeline construction deal.  KPC in a statement clarified the circumstances surrounding the…

21 August 2024 - OrPower 4 is the third largest power producer in Kenya.

21 August 2024 - A Chinese investment group has finalized plans to sell two residential properties it seized from the country on eBay.

21 August 2024 - Africa is subject to 23 transnational disinformation campaigns-nearly all of which are sponsored by external state actors attempting to assert influence on the continent.

21 August 2024 - The three West African nations that make up the Alliance of Sahel States (AES/ASS) have raised concerns over Ukraine’s involvement in its internal affairs. Burkina Faso, Mali, and Niger, recently wrote the United Nations in light of this. They…

21 August 2024 - Ride-hailing platform Uber has announced a new service that lets customers pay Ksh.110 more per trip to increase “the likelihood and speed” of matching to a driver.

21 August 2024 - High Court certifies her case as urgent, sets mention on September 17, 2024.

21 August 2024 - Tanzania's partnership with the Dubai-based multinational logistics company DP World is set to initiate cost-effective measures in the Dar es Salaam ports. This has especially to do with the elimination of container demurrage fees within the…

21 August 2024 - High Court certifies her case as urgent, sets mention on September 17, 2024.

21 August 2024 - Gabon's interim president has imposed new restrictions on members of his transitional government, banning them from vacationing abroad.

21 August 2024 - High Court certifies her case as urgent, sets mention on September 17, 2024.

21 August 2024 - They say the current Electronic Travel Authorisation (ETA) has not worked well for the sector.

21 August 2024 - Despite crossfires between Israel and Lebanon, African migrants in Lebanon have found themselves unable to leave the country. These African workers are unable to exit the country for a slew of reasons, despite the risk of war currently looming.

21 August 2024 - NAIROBI, Kenya, Aug 21 – Ride-hailing platform Uber has increased its trip costs, including minimum fees, in response to criticism from drivers. This follows drivers’ objections to Uber’s pricing. Uber said in a statement on Monday that all its…

21 August 2024 - Ghana has abandoned its 32-year tradition of securing loans from international banks to finance its cocoa crop for the upcoming season.

21 August 2024 - Topline Netflix tallied its first all-time high share price in nearly three years, capping a lengthy return to glory for the entertainment giant amid password crackdowns and a successful ad-supported subscription—a recovery that has evaded other…

21 August 2024 - KHARTOUM, Aug. 20 (Xinhua) — Sudan’s annual inflation rate jumped to 193.94 percent in July, up from 158.16 percent in June, the country’s Central Bureau of Statistics said in a statement on Tuesday. The inflation rate in urban areas rose to 181.70…

21 August 2024 - NAIROBI, Kenya, Aug 21 – I&M Group profit after tax grew by 21 percent to Sh6.1 billion in the half year ended June 30, 2024, compared to a similar period last year, buoyed by high operating income and improved performances by regional…

21 August 2024 - Mismanagement at GDC has hindered the effective exploitation of Kenya’s vast geothermal resources.

21 August 2024 - Farmers from East are said to be more sensitive to quality produce while their Western counterparts are obsessed with volumes

21 August 2024 - Madison Investment Managers Limited has partnered with CISI to enhance the knowledge and skills of its staff in capital markets products and services.

21 August 2024 - NAIROBI, Kenya, August 21 – The swift advancement and adoption of artificial genetic modification technologies in organisms is reigniting the longing to win the fight against malaria. According to experts who converged in Uganda on Monday during…

21 August 2024 - NAIROBI, Kenya, August 21 – The COMESA Competition Commission has warned member states over the ongoing recall of faulty American-made Steam Shot-style handheld steam cleaners. In a statement, the commission’s registrar, Demissie Disasa, urged buyers…

21 August 2024 - BRUSSELS, Aug. 20 (Xinhua) — The European Union (EU) has approved a 5-billion-euro (5.56 billion U.S. dollars) state subsidy from Germany to support the construction and operation of a new microchip manufacturing plant, the European Commission…

21 August 2024 - Mboya asserts that the steel manufacturer provided false data to secure a 10-year import tax exemption.

21 August 2024 - Tribunal rules that levies paid on the tubes used to make them should be refunded.

21 August 2024 - Led by Chairperson Maara Member of Parliament Kareke Mbiuki, the committee voiced concerns over the lack of regulation in the sector's training standards.

21 August 2024 - Brands must deliver on customer expectations

21 August 2024 - On the third charge of abuse of office, 26 senators voted in support, one against while abstentions were 14.

21 August 2024 - Green energy has emerged as a pivotal force in reshaping not just our energy landscape, but the very fabric of our society and economy.

21 August 2024 - The global demand for Shariah-compliant securities is evident as several jurisdictions, including Singapore, Malaysia, South Korea, the UK, South Africa, Nigeria and the majority of Middle...

20 August 2024 - A number of banks have moved to tap religious leaders to lead their strategy in capturing the market of faith-based institutions.