Business

04 June 2024 - Zambia has signed a deal with a US-based Kenyan investor after a Jeff Bezos-backed firm discovered large copper deposits.

04 June 2024 - AmCham wants Parliament to cut the proposed motor vehicle tax from 2.5 per cent to one per cent.

04 June 2024 - NAIROBI, Kenya, June 4 – Xiaomi Kenya is thrilled to announce the launch of the “Xiaomi Deals Carnival,” a month-long promotion featuring unbeatable deals and discounts on a wide range of Xiaomi smartphones. From June 4th to June 30th, customers can…

04 June 2024 - A "Roast" an event where a person or group of people are subjected to good-natured ridicule or mockery by friends or colleagues. Kenyan movies and most TV shows tend to look and feel alike.

04 June 2024 - The contracts for the construction of a new national electricity dispatch hub to be managed by the Kenya Electricity Transmission Company (Ketraco) will be ready this month for approval by...

04 June 2024 - The American Chamber of Commerce, Kenya (AmCham) wants Parliament to cut the proposed motor vehicle tax from 2.5 percent to one percent of the vehicle's value. AmCham also wants the National...

04 June 2024 - The development institutions are increasingly turning away from poverty-related ills like hunger, infectious disease and illiteracy—the challenges still facing most people across the planet. An...

04 June 2024 - Epra says cap could be removed entirely by the end of the current tariffs control in 2026.

04 June 2024 - Mental health and financial well-being are two important aspects of life that are often viewed in isolation from each other. However, these deeply intertwined elements play a key role in...

04 June 2024 - A newly published National Tax Policy said the reviews would help the Treasury avoid a “Laffer curve” effect where tax rates affect revenue performance.

04 June 2024 - Safaricom and the Institute of Certified Investment and Financial Analysts (Icifa) have signed a memorandum of understanding (MoU) to improve access and inclusivity in financial education. As...

04 June 2024 - The government is considering scrapping the monthly limit on the quantity of cheaper electricity that electric vehicles (EVs) are allowed to enjoy, in a bid to accelerate the adoption of the...

04 June 2024 - The insurance penetration rate in Kenya stands at 2.43 percent, the third lowest in sub-Saharan Africa. This low insurance uptake presents an opportunity for growth and expansion. As insurers...

04 June 2024 - Retirement planning is a critical aspect of financial health yet, many Kenyans still hold misconceptions that encourage old age poverty and forced work in retirement. Let’s debunk some of these...

04 June 2024 - Insurance firms are warning that the proposal to introduce value-added tax (VAT) on insurance services such as brokerage will increase premiums, trigger job losses, and hurt uptake further in...

04 June 2024 - Players in the aviation sector want Parliament to reject the proposal to introduce a 16 percent value-added tax (VAT) on airplane spare parts on grounds that expensive parts would hurt air...

04 June 2024 - Kenya Reinsurance Company (Kenya Re) shareholders are set for a Sh6.69 billion windfall in a bonus share issue that will see them gain one share for each held, in addition to a record Sh839.9...

04 June 2024 - Expensive imported construction materials saw property developers go back to the banks for Sh45.3 billion top-ups last year, pushing the growth in loans advanced to the sector to a five-year...

04 June 2024 - Lilian Seenoi-Barr was sworn into Derry City & Strabane District Council on Monday, shattering a glass ceiling as the first Black person in the local government’s highest position in Northern Ireland. The 42-year-old Barr is officially the Mayor of…

04 June 2024 - The role played by internal audit functions is changing. Traditionally, auditors were known for financial statements and operational audits, and were skilled and trained to do just...

04 June 2024 - The war in Ukraine has worldwide ramifications. It has spread far beyond the continent of Europe, lighting a fuse before a powder keg capable of turning the whole world upside down. Africa, for...

04 June 2024 - The Last Mile project entered the fourth phase last week with the signing of the deals at State House, with an estimated 280,000 homes set to be connected.

04 June 2024 - When it comes to financial planning, any investor should think about protecting their assets as well as making an investment growth. Like any other investment, a high-risk investment is a...

04 June 2024 - Several official reports have shown that low-paying jobs in some counties have a direct relation to high poverty rates published by the Kenya National Bureau of Statistics (KNBS) in several studies.

04 June 2024 - Credit Bank's anchor shareholder, the Sansora Group of companies, has backed the lender's plan to list shares on the Nairobi Securities Exchange (NSE) by way of introduction in a move to grant it...

04 June 2024 - When Alice Migwi and her husband bought their one-acre land in Isinya, Kajiado County it was all dry and sulky. It was hard to imagine that 12 years later, it would be this tranquil, with lots of...

04 June 2024 - The energy regulator has slashed the maximum prices per unit of power at which new power plants can sell electricity to Kenya Power, in the latest push to lower the cost of...

04 June 2024 - The Treasury has opened a six-month window for the importation of 500,000 tonnes of milled rice to cover a shortage of the commodity. Traders will be allowed to import Grade 1 milled rice...

04 June 2024 - Foreign investors at the Nairobi Securities Exchange (NSE) remained net buyers for the second consecutive month in May, a first in nearly three years. NSE data shows that foreign net portfolio...

04 June 2024 - The successful roll-out of digital financial services has led to an unprecedented increase in the number of people enjoying access to formal financial services.

04 June 2024 - The increasing use of artificial intelligence (AI) is generating mixed reactions worldwide because of its transformative powers.

04 June 2024 - More than ever, Kenyans are paying keen attention to the country's fiscal structure and key processes, a testament to improved civic participation.

03 June 2024 - JUNE 3 – Meme stock favourite GameStop is rising again, after a social media post seemingly from the investor known as “Roaring Kitty” claimed a sizeable stake in the video game retailer. Shares in the firm opened for trade on Monday priced above $40…

03 June 2024 - In 1880, Queen Victoria gifted the desk to US President Rutherford Hayes who turned it into the official workstation of US presidents.

03 June 2024 - Lender has raided PwC and Central Bank for talent to lead the crime-busting unit that has 11 other managers among them top former police investigators and bank employees.

03 June 2024 - The country’s National and Provincial Elections marked a significant shift in the political landscape, this as the African National Congress (ANC) lost its parliamentary majority for the first time, along with the rapid rise of the uMkhonto weSizwe (MK…

03 June 2024 - The U.S. Embassy in Congo has that Congolese authorities have not disclosed details or granted access to the Americans arrested after last month's coup attempt, despite pleas from a family seeking to confirm if their son is alive.

03 June 2024 - Last year, an interesting report disclosed Nigeria's near impossible economic projection in the coming decades. The report by the world renowned investment banking firm company; Goldman Sachs, revealed that Nigeria would become one of the top 5…

03 June 2024 - Mwaura said the ruling not only affirms the rightful owner of the land on which KICC stands but also resolves a protracted legal dispute between the state and KANU.

03 June 2024 - East Africa is set to tap into South Korean funds, as the Asian country looks to expand its access to natural wealth. A recent report revealed that South Korea has set its sights on the East African region, particularly Ethiopia and Tanzania for…

03 June 2024 - The recent strike action in Nigeria, initiated by the Nigeria Labour Congress (NLC) and other members of organised labour has sent ripple effects across various sectors, impacting critical areas of the nation's infrastructure and services. Businesses…

03 June 2024 - The Environment and Land Court judge revoked the title deed issued to the Independence party on May 25, 1989.

03 June 2024 - How the forgotten Afghans of Albania have made their way to a new home. For a group of Afghan evacuees forced to flee their home country in the fall of 2021, a tourist village on the Albanian coast became more than just a temporary stopover on their…

03 June 2024 - NAIROBI, Kenya, June 3 – Mombasa will host the sixth round of the Kenya-United States Strategic Trade and Investment Partnership (STIP) negotiations. The discussion will be centered on workers’ rights, customs procedures, good regulatory practices, and…

03 June 2024 - ANKARA, June 3 (Xinhua) — Türkiye’s annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by…

03 June 2024 - NAIROBI, Kenya, June 3 – The Energy, Petroleum, and Regulatory Authority (EPRA) is urging Kenyans to embrace electric vehicles (EVs) to cut the country’s toxic emissions from combustion vehicles. Through this, the regulator has lined up a nationwide…

03 June 2024 - Murang’a County Government Governor Irungu Kang’ata has reiterated the need to pursue a manufacturing and industrialisation economic agenda at the national and county levels to foster accelerated development.

03 June 2024 - ICPAK says some of the proposals in the Finance Bill have significant impact to public.

03 June 2024 - NAIROBI, Kenya, June 3 – Burn, which is a maker and distributor of clean cookstoves, has been named on TIME’s list of the world’s 100 most influential companies in 2024. The company’s contribution to clean cooking was the reason for selection. To date…

03 June 2024 - The story of African billionaires not only emphasizes their enormous wealth, but also reveals just how relevant they are to the growth of the African economy. Through shrewd investments, generous giving, and inventiveness, African billionaires…