Business

23 May 2024 - By Gituku Kirika NAIROBI, Kenya, May 23 – Digitisation will deliver a big chunk of Kenya’s economic and social gains over the next decade. But, for the transformation to happen more affordably and quickly, we need robust and open digital infrastructure…

23 May 2024 - NAIROBI, Kenya, May 23 – Low-cost carrier Jambojet will launch its first flight connecting Mombasa and Zanzibar on July 1, 2024. The subsidiary of Kenya Airways will operate four non-stop flights per week, with plans to increase the number to six.…

23 May 2024 - NAIROBI, Kenya, May 23 – KPMG is set to hold its 2024 Private Enterprise Africa Venture Summit in June 2024 in Nairobi. The two-day event, which will happened between June 10 and 11, will bring together investors, entrepreneurs, policymakers, and…

23 May 2024 - U.S. President Joe Biden announced plans for an official visit to Africa in February, following the U.S. presidential election, assuming he will defeat Donald Trump.

23 May 2024 - Kenya would be the first Sub-Saharan African country to receive the designation.

23 May 2024 - MAY 23 – The use of artificial intelligence (AI) at easyJet’s new control centre has allowed its operations teams to better manage flights, the airline said. Personnel based at the integrated control centre near Luton Airport, Bedfordshire, have access…

23 May 2024 - NAIROBI, Kenya, May 23 – KCB Group net profit in the three months to March this year expanded by nearly 70 percent to Sh16.5 billion compared to a similar period in 2023, buoyed by improved incomes from regional subsidiaries. Between January and March…

23 May 2024 - Mr Kirui's body was discovered by a rescue team a few metres below the summit point of the mountain.

23 May 2024 - The lender's Q1 results show net profits almost doubled to Sh16.5 billion from Sh9.8 billion in Q1 of 2022.

23 May 2024 - Steps to revitalise Kenya's special economic zones to maximise their potential began mid-last year when the Finance Act 2023 was passed.

23 May 2024 - Kenya had the least number of investment commitments as well as the privately funded projects

23 May 2024 - The journey will cover 55 minutes each way.

23 May 2024 - The famous American movie mogul Tyler Perry has expressed remorse for failing to receive the President of Kenya, William Ruto during his visit to Perry’s studio. On Tuesday the Kenyan President had a tour of the Tyler Perry Studio accompanied by members…

23 May 2024 - France and Germany have toppled China in budgeted loans from rich countries for the new year starting July.

23 May 2024 - Expenditures fly in the face of austerity measures announced by the government.

23 May 2024 - The State House and the President withdrew nearly Sh900 million more than the budget for the nine-month period ended March 2024.

23 May 2024 - Seven out of 10 households in Kenya’s capital Nairobi are low-income earners.

23 May 2024 - Cement clinker imports plummeted by 77.4 percent last year.

23 May 2024 - After retired banker Susan Gichia and her husband bought land in Kiserian, about 25 kilometres from Nairobi, it lay idle for 10 years.

23 May 2024 - Kenya Power lost 365 transformers due to vandalism in 2023.

23 May 2024 - More than one million share accounts that were frozen in 2019 after being dormant have been freed back to the stock market.

23 May 2024 - Wealthy Kenyans, traders, and businesses took a Sh98.9 billion hit as the value of foreign currency deposits plunged.

23 May 2024 - The irrigation department has accumulated Sh18.6 billion pending bills that contractors and lawyers among others are demanding.

23 May 2024 - Last year alone, Kenya exported copper waste and scrap worth Sh6.7 billion.

23 May 2024 - There are very few life situations that Maina Munene can't laugh about.

23 May 2024 - Since early last year, calls for reform of the international financial systems have intensified.

23 May 2024 - If you think you are the smartest person in the room, you better move to another space.

23 May 2024 - In an increasingly interconnected world, global trends wield significant influence over the fortunes of nations.

23 May 2024 - Deputy President Rigathi Gachagua now says that Kenya is committed to the use of renewable energy in line with global efforts to combat climate change.

23 May 2024 - The Kenya Bankers Association (KBA) now says the government could lose up to 10 percent of its tax revenue that comes from the sector, which is an equivalent of 180 billion shillings of its revenue if the Finance Bill 2024 sails through.

23 May 2024 - The Treasury has proposed to allocate Sh5.2 billion to Konza Technopolis for the setup of a data centre and other facilities.

23 May 2024 - Private hospitals have threatened to stop treating police and prison officers under the Medical Administrators Kenya scheme.

23 May 2024 - In the pursuit of its net zero emissions goals, the United States enacted the Inflation Reduction Act (IRA) in August 2022.

23 May 2024 - Cross-border trade has increased globally due to liberalisation.

23 May 2024 - Gambling, which largely revolves around luck, can be addictive.

22 May 2024 - Kenya Power has lost 78 transformers worth Sh78 million in the last five months, translating into huge replacement costs.

22 May 2024 - Economic expansion and social advancement particularly in African countries are predicated on the development of infrastructure. The significance of infrastructure in Africa is paramount, given the region's prominent characteristics of fast population…

22 May 2024 - EACC says the money is suspected to have been corruptly acquired.

22 May 2024 - Initially, the budget for State House for the 2023/2024 financial year was set at Sh6.3 billion. It was later revised to Sh8.5 billion in the first supplementary budget.

22 May 2024 - The circular economy is one of the emerging sectors that a regional business body has detailed the lack of relevant skills which has put the academia on the spot.

22 May 2024 - KAM says the sector still reeling from last year's taxes, which have crippled some local industries amid warnings that cost of soap, for example, may double due to the new packaging levy.

22 May 2024 - True power is living the realization that you are your own healer, hero, leader.” – quoted by Diego Perez Indeed, success has always been built on that simple principle. The African story of the recent past has belied that. This needs to be regained and…

22 May 2024 - The one-year transition period for Corporate Trustees to register with the Retirement Benefits Authority (RBA), as stipulated in Legal Notice No. 103 of 21st July 2023, is nearing its end on 21st July 2024.

22 May 2024 - While renting in African cities has certain short-term advantages, the benefits of owning a home is significant. Owning a house gives financial security, inflation protection, and the opportunity for asset appreciation. It also allows for…

22 May 2024 - NAIROBI, Kenya, May 22 – NCBA Group profit after tax grew to Sh5.3 billion in the three months to March this year compared to a similar period last year, boosted by improved operating income, among other revenue streams. In its latest financial…

22 May 2024 - KCB Group has posted a 69 percent growth in net profit to Sh16.06 billion for the first quarter ended March 2024.

22 May 2024 - The journey will cover 55 minutes each way.

22 May 2024 - The BNPL Gross Merchandise Value in the Kenya is expected to increase to rise to Sh250.8billion by 2028.

22 May 2024 - Collection from financial transactions and airtime has overtaken ‘sin taxes’ to become the leading source of excise duty.

22 May 2024 - Kenya Association of Manufacturers advocates for an amendment to the Finance Bill, 2024 to introduce zero taxation on raw materials