Business

16 May 2024 - The lack of an industrial fish landing port with cold storage, processing, and canning facilities is preventing Kenya from taking advantage of opportunities in the marine sector.

16 May 2024 - Finance Bill proposes to remove exemptions on transactions and also increase excise duty. Executives say the move will make financial services more expensive and Kenya uncompetitive.

16 May 2024 - TOPLINE The Dow Jones Industrial Average made history Thursday, setting the latest impressive milestone for 2024’s red-hot stock market. KEY FACTS The Dow crossed 40,000 for the first time in its 128-year history Thursday at about 10:30 a.m. ET, gaining…

16 May 2024 - In Africa, the trend of internet shutdowns has become popular, especially in the context of political conflicts and elections. Governments in several African countries have turned to internet blackouts as a means to control information and suppress…

16 May 2024 - Court of Appeal ends a decade-long dispute between Airtel and its former distributor Nyutu Agrovet.

16 May 2024 - The Democratic Republic of Congo (DRC) and Zambia recently inked a border deal allowing for more free-flowing trade. Both countries agreed to allow trade to percolate in the region more seamlessly, particularly with a focus on the Kasumbalesa border…

16 May 2024 - The tax lawyer from CDH warned of potential risks in proposed revenue measures

16 May 2024 - DIB Bank Kenya (DIBBK), a wholly owned subsidiary of Dubai Islamic Bank PJSC (the largest Islamic bank in the UAE), announced its results for the period ending March 31, 2024.

16 May 2024 - The event will address four priority transformation agendas: leadership, digital transformation and artificial intelligence, continental integration, and financing.

16 May 2024 - Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, according to an official statement from Emirates Airlines.

16 May 2024 - SINGAPORE, May 16 (Xinhua) — Singapore Airlines transported 2.1 million passengers last month, up 20.3 percent year-on-year, according to the latest operating statistics. The low-cost airline Scoot within the same group recorded 1.06 million passengers…

16 May 2024 - NAIROBI, Kenya, May 16 – Tax and exchange control experts have called on the government to employ innovative revenue generation strategies as it seeks to settle the ballooning debt to avoid overburdening Kenyans and driving away investors. While…

16 May 2024 - NAIROBI, Kenya, May 16 – Accounting firm KPMG has faulted proposals to increase excise duty on crucial services such as telephone and internet data services, as well as fees associated with money transfer services, in the Finance Bill 2024. The audit…

16 May 2024 - Collaboration seeks to elevate standards of ICT and marketing

16 May 2024 - NAIROBI, Kenya, May 16 – Retailer Jaza has opened its 10th branch at the Imara Daima Estate in Nairobi as it seeks to expand its presence across the city. Located along Cosmas Ndeti Road, the new facility dubbed ‘JAZA IMARA’ covers 2,200 square feet and…

16 May 2024 - About 1.2 billion people in Africa still lack access to clean cooking facilities

16 May 2024 - Flutterwave experienced another security breach, which allowed unknown individuals to divert ₦11 billion to various bank accounts.

16 May 2024 - Telecommunications service provider Safaricom has announced the resumption of full network capacity following an internet connectivity outage experienced across the country since Sunday.

16 May 2024 - Niger and Russia, on a mission to strengthen their relationship, have decided to collaborate on the establishment of a non-governmental organization. This NGO is intended to strengthen cooperation between the Russian and Niger people. Earlier in the…

16 May 2024 - It disbursed Sh200 million everyday via Mco-op Cash.

16 May 2024 - The special envoy for technology in Kenya says firms must find ways of incorporating AI for growth

16 May 2024 - ABUJA, May 16 (Xinhua) — Nigerian President Bola Tinubu has inaugurated three pivotal gas projects in an ambitious move to support the most populous African nation’s energy sector and promote industrial growth. The simultaneous inauguration of the…

16 May 2024 - NAIROBI, Kenya, May 16 – Safaricom has restored its Internet services to full network capacity and stability following last Sunday’s undersea fibre cable cut that affected and disrupted the services. In a statement, the telco said that it resolved the…

16 May 2024 - NAIROBI, Kenya, May 16 – Huawei Cloud has entered into an agreement with Kenyan media houses to accelerate media intelligence. The MoU was signed at the at the Spark Discovery Kenya Media & Entertainment Summit in Nairobi and was signed with Mango…

16 May 2024 - NAIROBI, Kenya, May 16 – Nigeria’s Minister of Housing and Urban Development, Ahmed Musa Dangiwa, wants Shelter Afrique Development Bank (ShafDB) and UN-Habitat to collaborate to tackle the housing crisis in Africa. Dangiwa, who doubles as the Chair of…

16 May 2024 - The China-Kenya Tea Trade Centre was officially launched on Wednesday in Shanghai in a move seeking to boost bilateral trade and strengthen the tea industries of both nations.

16 May 2024 - NAIROBI, Kenya, May 16 – 18 entrepreneurs have graduated from the NCBA and Strathmore University Business School Enterprise Development Programme. The 16-week programme, which focused on most sectors of the economy, is designed to equip SMEs with the…

16 May 2024 - NAIROBI, Kenya, May 16 – Human resources and payment management software Seamless HR has said that the adoption of technologies such as AI is crucial to streamlining operations in organizations. It gave an example of the banking sector as one of the…

16 May 2024 - GERMANY, May 16 – Germany is considering tax incentives and changes to its social welfare system in a bid to boost workforce participation, aligning the nation with the United Kingdom and the Netherlands in addressing the economic challenges posed by a…

16 May 2024 - NAIROBI, Kenya, May 16 – The Co-operative Bank of Kenya profit after tax grew by 7.7 percent to Sh6.58 billion in the first quarter of 2024 compared to a similar period last year, buoyed by increased net interest incomes. The lender made Sh6.11 billion…

16 May 2024 - The growth in net profit comes on the back of net interest income growing 8.6 percent to Sh11.7 billion.

16 May 2024 - CHINA, May 16 – China has warned the Philippines not to abuse its goodwill arrangement that allows Filipinos to fish with small boats in designated waters near China’s Huangyan Island in the South China Sea. “If the Philippine side abuses China’s…

16 May 2024 - UK, May 16 – Recent changes to the United Kingdom’s visa rules that include a hike in the minimum wage needed to qualify for a skilled worker visa — from 26,200 pounds to 38,700 pounds ($33,000 to $48,800) — have led to job offers being withdrawn from…

16 May 2024 - NAIROBI, Kenya, May 16 – Residents of Kiambu have called on the government to complete projects that are still pending before embarking on new ones. This was during a public hearing on the 2024–2025 national budget estimates by the National Assembly’s…

16 May 2024 - Digital credit providers have raised concerns over the increasing indebtedness in the country, which has been occasioned by the harsh economic times.

16 May 2024 - Co-op Bank Group Chief Executive Gideon Muriuki said the bank with 195 outlets has managed to strike a healthy balance between investments in brick-and-mortar and staff growth.

16 May 2024 - According to the latest report from the Organization of the Petroleum Exporting Countries (OPEC), the global oil demand forecast 2024 remains unchanged. Most African OPEC members, according to secondary sources saw a decline in the amount of oil…

16 May 2024 - M-PESA Foundation has invested Ksh77 million towards free medical camps targeting 12 counties.

16 May 2024 - TOKYO, May 16 (Xinhua) — Japan’s economy shrank by an annualized 2.0 percent in the January-March period from the prior quarter, marking the first contraction in two quarters amid sluggish consumer spending, latest GDP figures showed Thursday. Real…

16 May 2024 - NAIROBI, Kenya, May 15 – Tech industry leaders and CEOs from top Kenyan companies will represent Kenya at this year’s Africa CEO Forum in Kigali, Rwanda. Leading the pack are mTek’s Bente Krogmann, Kaushik Burman of Spiro, Jesse Moore from M-Kopa, Ian…

16 May 2024 - Effective boundary marking techniques such as above-ground pegs, underground markers, pathways or natural features ensure clarity and minimise disputes.

16 May 2024 - Latest data shows numbers have reduced from about 71 ships in Dec last year, to lows of 30 this month

16 May 2024 - As the investment landscape continues to evolve, Gen Z investors are likely to play a significant role in shaping the future of finance with their innovative and socially conscious investment strategies.

16 May 2024 - The move comes after complaints of exploitation, especially in boda boda sector

16 May 2024 - The IMF-backed restructuring could see at least 20 chief executives lose their plum jobs.

16 May 2024 - The IMF-backed restructuring could see at least 20 chief executives lose their plum jobs.

16 May 2024 - Without a budget allocation for the pending bills, more than Sh530 billion that is yet to be confirmed is at risk of not being honoured in the next financial year.

16 May 2024 - CBK could soon control borrowing costs in hire-purchase deals in fresh proposals that would expand the banking regulator's mandate.

16 May 2024 - Newest 'architects of swag' in town carve niche in Kenya's grooming market, eying young moneyed men with impeccable tastes.

16 May 2024 - Kenya’s improving rankings, however, come at a time when e-commerce companies continue to make big losses that have driven some out of the market.