Business

24 July 2024 - SAN FRANCISCO, July 23 (Xinhua) — U.S. electric vehicle maker Tesla on Tuesday reported a revenue of 25.5 billion U.S. dollars in the second quarter of fiscal 2024, up 2 percent over a year ago. Tesla posted 1.48 billion dollars in net income for the…

24 July 2024 - NAIROBI, Kenya, July 24 – Kenya Airways (KQ) has relaunched KQ Holidays, an online platform that allows customers to book for holiday packages in various countries. Through the KQ Holidays platform, flyers can book flights, accommodations, airport…

24 July 2024 - A stick has gone up by Sh5 amid concerns of potential rise in fakes.

24 July 2024 - Consumption is also expected to increase by 3.2 per cent, up to 1.23million tonnes

24 July 2024 - Last week, the National Treasury outlined plans to cut 2024/25 spending by 1.9 percent.

24 July 2024 - CEOs were previously only required to wire dividends to the National Treasury.

24 July 2024 - CBK said most of the money was wired to countries within the East African region through digital channels, as well as through the 21 money remittance providers spread across the country.

24 July 2024 - The latest bank supervision report shows that NCBA’s high-net-worth accounts more than doubled to 416,481 in the review period, ranking it first in the number of wealthy clients.

24 July 2024 - A days-long, round-the-clock search for victims of a landslide that may have buried hundreds of people in Ethiopia is still underway, a government official said Tuesday, as the confirmed death toll rose to 229 from 146. The landslide hit a rural region…

24 July 2024 - Kenya has 46 commercial State-owned entities, the majority of which are in the transport and energy sectors where they offer strategic functions.

24 July 2024 - Through the 2023/24 year, which ended on June 30, governors kept complaining over frequent delays by the Treasury to release the equitable share of revenues.

24 July 2024 - The new rates are part of the three-year cycle which started in July 2022, in a bid to offer KPC higher revenues from handling local and transit fuel.

24 July 2024 - Stagnant organisations will always be overtaken by those that have a creative and innovative mindset hub.

24 July 2024 - In its 2022/23 annual report, KAA notes that it is currently before the Attorney-General with the Kenya Revenue Authority (KRA), which submitted a tax assessment claim of Sh4.2 billion on air...

24 July 2024 - The GCYLP targets those aged 18-28 who receive mentorship and financial support in their projects to use digital technology to drive community development over one year.

24 July 2024 - The businessman says he entered into several agreements with the lender between 2014 and 2018, and charged the land as security.

24 July 2024 - China is by far the largest exporter of goods to Kenya and is a major source of electronics, clothes, beauty products, steel, furniture, equipment, and machinery.

24 July 2024 - Digital lenders say Tuesday and Thursday weekly demos have meant two less income-generating days, hurting clients' ability to service 7-day or 15-day loans.

24 July 2024 - Digital divide continues to grow in many parts of Africa. In Kenya, men are more likely than women to use the internet and some communities are more left out than others.

24 July 2024 - Adopting true coaching techniques can revolutionise management practices, particularly in dynamic sectors like finance, insurance, and technology.

24 July 2024 - Court said the miller could not prove that it tilled Elvis Muruli’s land and supplied cane seeds.

24 July 2024 - More than 3,000 containers from the port of Mombasa are transported by road daily, with about 1500 being ferried using the Standard Gauge Railway (SGR) either to Nairobi County or Naivasha...

24 July 2024 - Dr Waqo Ejersa, the former head of the National Tuberculosis, Leprosy and Lung Disease Program in the Ministry of Health, will be the next chief executive of Kenya Medical Supplies Authority (KEMSA). Dr Ejersa is taking over from Dr Andrew Mulwa, who…

24 July 2024 - Dr Waqo Ejersa, the former head of the National Tuberculosis, Leprosy and Lung Disease Program in the Ministry of Health, will be the next chief executive of Kenya Medical Supplies Authority (KEMSA). Dr Ejersa is taking over from Dr Andrew Mulwa, who…

24 July 2024 - As the digital payments landscape in Africa expands, the need for robust cybersecurity measures becomes increasingly urgent.

24 July 2024 - Africa is at a pivotal moment in its economic development, where strategic trade and investment policies can unlock significant growth and development opportunities.

24 July 2024 - Emerging beauty brand Uncover has successfully closed a $1.4 million (Sh180 million) Seed II funding round led by EQ2 Ventures and IgniteXL Ventures

24 July 2024 - Drones have developed over the past century, even acquiring civilian uses, including in agriculture, logistics, videography and land surveying, among other creative uses.

24 July 2024 - Euphy Ngami's passion for flowers led her to set up an online florist business in May 2022, fighting scepticism about selling flowers for every season.

24 July 2024 - A toxic work environment stifles creativity and innovation. Stressed out and harassed employees are less likely to contribute innovative ideas, and this can hinder the organisation's ability to...

24 July 2024 - One of the main challenges for women in this industry is the need for more role models and mentors.

24 July 2024 - It is estimated that only nine percent of global plastic waste is recycled, as highlighted by the OECD Global Plastics Outlook.

23 July 2024 - Authority acknowledges the claims as part of its contingent liabilities

23 July 2024 - Authority acknowledges the claims as part of its contingent liabilities

23 July 2024 - Court says the miller could not prove that it tilled Elvis Muruli’s land and supplied cane seeds

23 July 2024 - Africa too can proudly claim to be a source of caviar, one of the world’s greatest indulgences. Being farmed in the favorable climate and terroir of Madagascar are some very expensive fish eggs – a first for the continent. Madagascar is known rich…

23 July 2024 - Passengers will pay Sh12,000 for the premium class coaches as children pay Sh6,000.

23 July 2024 - American financial technology firm Mercury has announced that it will close the accounts of businesses in 37 countries including 13 African countries. The move, effective August 22, 2024, has sent shockwaves through the continent's tech ecosystem.

23 July 2024 - As presently constructed several African countries have few options for visa-free travel, even within Africa, underscoring a huge problem the continent shares with its travel restrictions. For context, according to Henley and Partners' latest Visa Bias…

23 July 2024 - Faulu Bank said it will leverage on the extensive expertise and resources of its parent company, Old Mutual.

23 July 2024 - Some countries in Africa boast a degree of safety. According to Numbeo, one of the world’s leading data and research platforms, countries like Rwanda, Tunisia, and Ghana are among the safest in the world.

23 July 2024 - Base Resources sales revenue in the quarter stood at Sh5.5 billion, compared to Sh9.6 billion in the quarter to June 2023

23 July 2024 - NAIROBI, Kenya, July 23 – Data annotation company Sama has partnered with the University of Nairobi in a pact aiming at advancing the generative AI (GenAI) industry in Kenya. The collaboration will provide part-time employment opportunities for UoN…

23 July 2024 - NAIROBI, Kenya Jul 23 – Numeral IOT, an IT provider company, has unveiled TransitTag, a real-time monitoring system for children’s bus commutes. The TransitTag, powered by the Numeral Infinity Engine, a Kenyan-made communication module for IoT devices…

23 July 2024 - ACCRA, July 23 (Xinhua) — Ghana’s economy has made progress after a year of reform implementation, according to the latest report by the World Bank Group. The eighth economic update for Ghana released by the World Bank, titled “Strengthening Domestic…

23 July 2024 - NAIROBI, Kenya Jul 23 – Faulu Microfinance Bank has diversified into Money Market Fund (MMF), which will allow customers to access flexible and profitable investment opportunities. The Fund, which is a collective investment scheme registered under the…

23 July 2024 - The monetary policy committee of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 50 basis points, raising it from 26.25% to 26.75% in response to galloping inflation.

23 July 2024 - Mr Patel is in line to bank Sh12.8 million from the final dividend.

23 July 2024 - The EU launched an investigation on Tuesday to determine whether online food-delivery companies Delivery Hero and Glovo engaged in anti-competitive practices.

23 July 2024 - The government recently disclosed that State-owned airports across the country face a Sh260 billion (Sh2 billion) financing hole to bring their operations up to date.