Business

30 July 2024 - The Nigerian government has requested a $500 million loan from the World Bank to solve its water security problems. More precisely, the Nigerian government intends to improve dam safety and strengthen water resource management throughout the country.…

30 July 2024 - Kenya and Uganda have begun discussions on extending the petroleum products pipeline from Eldoret to Kampala, the Kenya Pipeline Company (KPC) announced on Tuesday.

30 July 2024 - JULY 30 – Air New Zealand has abandoned a 2030 goal to cut its carbon emissions, blaming difficulties securing more efficient planes and sustainable jet fuel. The move makes it the first major carrier to back away from such a climate target. The…

30 July 2024 - NAIROBI, Kenya, July 30 – The East African Breweries Limited (EABL) profit after tax dropped by 12 percent to Sh10.9 billion in the full year ending last month, weighed down by rising inflation, shilling devaluation, social unrest, and floods. This was…

30 July 2024 - NAIROBI, Kenya, July 30 – Jaza Discounter Supermarket chain opened two new outlets in Mirema and Greatwall Athi River as it aggressively expands its network in Nairobi. This comes in the wake of the retailer opening branches in Buruburu Epren Centre…

30 July 2024 - With online banking options, some banks have witnessed the growth of their digital channels as the adoption of digital technology increases among their customer base.

30 July 2024 - The International Monetary Fund, on Monday, approved a Special Drawing Rights (SDR) 2.556 billion ( US$3.4 billion) Extended Credit Facility for the East African nation of Ethiopia. This is coming shortly after the country allowed its currency to trade…

30 July 2024 - The county received Sh258 million in annual land lease fees from Tullow Oil in June.

30 July 2024 - The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.

30 July 2024 - The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.

30 July 2024 - The market has shed value for eight straight trading sessions to close Friday at Sh1.628 trillion.

30 July 2024 - Africa’s only other medal so far has come from Egyptian fencer Mohamed El Sayed, who secured the bronze in the men’s epee individual event. Swimmer Tatjana Smith has claimed Africa’s first gold medal at the Paris Olympic Games after a thrilling late…

30 July 2024 - Topline Olympics organizers have apologized for staging a scene during the opening ceremony that appeared to parody Leonardo Da Vinci’s “The Last Supper” with drag queens, after the scene sparked an uproar from some U.S. religious and conservative…

30 July 2024 - High Court had stopped the recruitment exercise for being skewed.

30 July 2024 - Kenyan banks are facing challenges in the operating environment that have led to elevated asset risks, including a rise in defaults on loans.

30 July 2024 - NAIROBI, Kenya, Jul 29 – The government has urged both the Tea Board of Kenya (TBK) and Kenya Tea Development Agency (KTDA) to provide details of all unsold tea held at the Mombasa auction to avoid a possible delay in payments to farmers. This is after…

30 July 2024 - WASHINGTON, July 30 (Xinhua) — The U.S. federal government’s total public debt has surpassed 35 trillion U.S. dollars for the first time, again sparking concerns about the naiton’s escalating debt problem and its implications for the U.S. economy. The…

30 July 2024 - Political and climate change-related risks look set to disproportionately drive up claims this year, putting them in unfamiliar territory.

30 July 2024 - High Court had stopped the recruitment exercise for being skewed.

30 July 2024 - Last Mile project began in 2015 with the aim of accelerating electricity access.

30 July 2024 - A money market fund (MMF) is a type of mutual fund that invests in low-risk, short-term debt instruments like bank deposits, repurchase agreements, Treasury Bills, high-quality corporate commercial paper and other near cash holdings. In the past few…

29 July 2024 - Property prices in Africa have experienced huge fluctuations and growth over the past few decades. the real estate market in Africa is expected to reach a value of US$16.60tn by 2024.

29 July 2024 - LemFi is a leading financial technology platform revolutionising how people move their money globally.

29 July 2024 - The Brazil national volleyball team easily defeated Kenya’s Malkia Strikers 3-0 at the South Paris Arena on Monday in their Pool B Olympic Games Paris 2024 opener. For the first few minutes of the game, volleyballs fell like hailstones on either side…

29 July 2024 - Africa’s richest man Aliko Dangote, has seen a significant drop in his net worth in the last year, despite the launch of the Dangote refinery. The year leading up to July 29th, saw the Nigerian businessman and philanthropist lose over $1 billion.

29 July 2024 - In an exclusive interview with Business Insider Africa, Olivier Buyoya, the Regional Director for West Africa at the International Finance Corporation (IFC), shared his vision for driving economic growth and sustainable development in the region.

29 July 2024 - The Economic Survey 2024 report shows how much Kenyans save in various financial institutions, including commercial banks, micro-finance banks (MFBs), and deposit-taking savings and credit cooperatives (DT-Saccos). Time and savings deposits in DT-…

29 July 2024 - In a significant move to improve the welfare of Nigerian workers, President Bola Tinubu has signed the new minimum wage bill into law.

29 July 2024 - In 2018, after years of praying, deferred semesters, and a few exchanges of brown envelopes, a cousin of mine finally landed a job in our distinguished defence forces.His dad was in the army, 2 of his big brothers are in the army, and his small brother…

29 July 2024 - Police arrested a former member of parliament (MP) for allegedly possessing fake US dollar bills with a total value equivalent to over Ksh400 million at the current exchange rate. According to court documents, Abdi Koropu Tepo, an ex-MP who served…

29 July 2024 - The Competition Authority of Kenya has approved a proposal to have EFR Australia PTY Limited gain indirect control of Base Titanium Limited which operates a rich mining plant located in Kwale County.

29 July 2024 - NAIROBI, Kenya, July 29 – President William Ruto has appointed Joe Owaka Ager to be the new Chairperson of the Board of Directors of the Pyrethrum Processing Company of Kenya (PPCK). According to a gazette notice dated July 25, 2024, Owaka will serve…

29 July 2024 - NAIROBI, Kenya, July 29 – Businessman Balvinder Kishori Lal Sahni has acquired a majority shareholding in Securex Agencies Limited, a Kenyan firm that provides security services as well as equipment and accessories. The additional stakes have been…

29 July 2024 - Good financial health is when one is able to spend less and save more money regardless of your personal or family circumstances. How would you go about saving your money, then?

29 July 2024 - Africa’s largest defense and aviation exhibition, known as Africa Aerospace and Defence (AAD), 2024, set to hold in South Africa will feature some Russian companies including Rosoboronexport. This event dates back to a little under 50 years ago, when…

29 July 2024 - JULY 29 – What do an Italian communist student of mime, a toddler with an eye for a ball and a comedian who jokes about nothing have in common? They all went on to become members of a very select global club. Miuccia Prada, Tiger Woods and Jerry…

29 July 2024 - Ms Juma has been battling over the ownership of the Sh1.3 billion land in Loresho with Ashok Rupshi Shah and Hiten Kumar.

29 July 2024 - Wakili gets up at 4am, everyday - like clockwork. The rest of his household doesn't stir till an hour later. He likes the early morning silence, chill, and semi-darkness. He heads straight to the kitchen. He checks the earthen fireplace ashes for live…

29 July 2024 - I had mixed feelings as I walked toward the gate to my former high school. I've not been here since I did my KCSE paper, almost twenty years back. I was hovering between happy, anxious, and terrified - a little, like a jailbird leaving prison. See,…

29 July 2024 - Target includes attracting at least one tourist per diaspora member annually.

29 July 2024 - This has kick-started the fifth phase of the Last Mile Connectivity Project, and will benefit households in Nakuru, Kilifi, Kwale and Nyandarua.

29 July 2024 - Additional spending was mainly driven by women and consumers aged between 26 and 35.

29 July 2024 - The report says collaborating with digital content creators on platforms such as YouTube and TikTok would also be valuable.

29 July 2024 - Cloud computing is redefining the global marketplace. In Kenya, cloud computing technology is rapidly evolving, and e-commerce is gaining momentum.

29 July 2024 - Ethiopia has allowed its currency to trade freely to secure International Monetary Fund (IMF) support and make progress on a long-delayed debt restructuring.

29 July 2024 - Kenya's fiscal outlook has darkened since sweeping tax hikes were scrapped in June, with protests adding to uncertainty that could weigh on the shilling.

29 July 2024 - A car is arguably the second-biggest expenditure after housing but before basics like food, education, and saving for retirement.‍ This means that it's crucial to know and understand if this is the right time to make the purchase or not.

29 July 2024 - In-laws, in-laws, in-laws. Gather around. We need to talk. I feel that our association has transcended what made us in-laws in the first place. Did I miss some essential fine print on the Till-Death-Do-Us-Apart Vow?

29 July 2024 - The deal is projected to create over 3,000 jobs the country.

29 July 2024 - Competition between manufacturers and importers of hygiene products  has intensified, leading to reduced prices.