Business

22 July 2024 - NAIROBI, Kenya, July 22 – Stanbic Holdings spent over Sh100 billion last year to promote sustainability, micro, small, and medium enterprises (MSMEs), and trade in Kenya and South Sudan. The Group says that the investments facilitated trade and…

22 July 2024 - Staff of the Kenya Revenue Authority (KRA) have missed out on a bonus from the government after they failed to meet their collection target for the financial year 2022/23. The latest financial...

22 July 2024 - Dangote recently opened up about his decision to invest in Nigeria, stating that his friend who advised against it, is now making fun of him. The Dangote refinery, which is said to have a capacity of 650,000 barrels per day has been faced with severe…

22 July 2024 - Seven countries in Africa, including Mauritius, Namibia, and Morocco, are expected to experience over 80% growth in their millionaire populations.

22 July 2024 - The environment pillar received Sh15 billion.

22 July 2024 - In this context, the role of Human Resources and people development strategies becomes pivotal.

22 July 2024 - It's expected to have a 37.7 per cent year on year increase

22 July 2024 - TOPLINE Foreign betting markets believe Vice President Kamala Harris is in pole position to become the Democratic nominee for the 2024 election, while former President Donald Trump’s odds of winning the presidency in November took a slight hit Monday—…

22 July 2024 - JULY 22 – The US Olympic and Paralympic Committee is suing Logan Paul and KSI’s Prime energy drinks brand, accusing it of trademark infringement. It claims that Prime is using trademarked Olympic phrases and symbols on a special edition of its…

22 July 2024 - The market capitalisation for the quarter rose to Sh1.71 trillion.

22 July 2024 - NAIROBI, Keya, July 22 – The Health Ministry has embarked on the process of preparing a Quality-of-Care Bill to allow patients to access higher standards of medical care. Kigen Bartilol, Director of Health Standards at the Ministry of Health, announced…

22 July 2024 - The assets in Switzerland grew to Sh9.82 billion in the review period from Sh6.82 billion in 2021.

22 July 2024 - Over 7,500 micro, small, and medium enterprises (MSMEs) across five northern Kenyan counties – Lamu, Tana River, Garissa, Wajir, and Mandera – have benefited from over $6.6 million (Ksh867 million) lending from USAID Kuza’s Impact for Northern Kenya…

22 July 2024 - Her campaign officials and allies made hundreds of calls on behalf of Harris, urging delegates to the Democratic Party convention next month to join in nominating her for president.

22 July 2024 - Most of the African countries that boasted the highest fuel prices in June saw a slight increase in fuel cost in July. Energy expenses significantly benefit businesses and their customers; consequently, the lower the cost, the better. On the other hand…

22 July 2024 - JULY 22 – On Tuesday, India’s Prime Minister Narendra Modi’s coalition government will present its first federal budget following a narrow election victory. A weakened Mr Modi, reliant for the first time on coalition partners, is widely expected to…

22 July 2024 - NAIROBI, Kenya, July 22 – The COMESA Competition Commission has alerted car importers in the region over the ongoing recall of vehicles from more than 20 major car brands equipped with faulty Takata airbag inflators. In a statement, the commission’s…

22 July 2024 - Businesses within the East African community are investing more and more into the Kenyan market. Wealthy investors in companies from neighboring countries such as Tanzania, Uganda, Rwanda, and Somalia have been increasing their influence in Kenya. This…

22 July 2024 - JULY 22 – Cybersecurity firm CrowdStrike says “a significant number” of devices that were impacted by a global IT outage on Friday are now back online. In a social media post, the company – whose faulty security update caused Microsoft Windows…

22 July 2024 - NAIROBI, Kenya, July 22 – The State Department for Education has revealed that an overall reduction in allocations of both its recurrent and development budget for the financial year 2024/25 will affect key projects, including school examinations,…

22 July 2024 - NAIROBI, Kenya, July 22 – The State Department for Education has revealed that an overall reduction in allocations of both its recurrent and development budget for the financial year 2024/25 will affect key projects, including school examinations,…

22 July 2024 - WELLINGTON, July 22 (Xinhua) — New Zealand exports of milk powder, butter, and cheese fell 10 percent to 1.5 billion NZ dollars (900 million U.S. dollars) in June, compared with the same month last year, which led the fall of the goods exports, the…

22 July 2024 - Sh1.36bn borrowed between 1965 and 2008 will not rise beyond the principal.

22 July 2024 - Some of the products are offered by Watu Hakki, Mogo to M-Kopa among others.

22 July 2024 - Presently, interest and penalties on the defaulted loans of Sh511.3 million have ballooned to Sh30.45 billion.

22 July 2024 - At the heart of Africa’s biggest slums, Kibera, sits a housing project that could change how the slum area is viewed by the world. The Kibera Soweto B Social Housing, which has 4,054 units set to be completed in January 2026, will host at least 4,054…

22 July 2024 - Last year’s performance means that microfinanciers maintained their loss-making streak, having last posted a profit in 2015.

22 July 2024 - Mr Wahome has been fighting to block the sale over the years and the matter has been heard up to the Court of Appeal.

22 July 2024 - Auditor-General Nancy Gathungu said that the Bungoma-based State-owned miller purchased the consumable goods in the financial 2014/15 but keeps reporting that they have been in transit since then.

22 July 2024 - Absa has sought temporary orders to block the KCB appointed receiver managers from interfering with Mr Kahi’s control and running of the assets of the company.

22 July 2024 - According to the Commonwealth report, Kenya has achieved slightly above 60 percent of the target, placing it 'off track' towards achieving the SDG target of ending malaria by 2030.

22 July 2024 - The growth in expenditure on research services came at a time when the overall expenditure on services declined 7.9 percent to Sh172.2 billion, driven chiefly by reduced expenditures on financial...

22 July 2024 - Tax experts had expected the new PAYE tax bands to have a negligible impact on overall growth given that more than 90 percent of workers in formal sector earn a monthly salary of less than...

22 July 2024 - Interest and penalties on the defaulted loans of Sh511.3 million have ballooned to Sh30.45 billion, pushing the unpaid loans to Sh31.8 billion.

22 July 2024 - Banks have been scaling down the number of the cash dispensing equipment and eliminating them altogether at some outlets.

22 July 2024 - The manufacturing sector is currently hit by woes, as evidenced by Sh133.2 billion worth of non-performing loans (NPLs) in the year ended December, making it the second biggest defaulter behind...

22 July 2024 - Notable factors hindering the uptake of the Internet include illiteracy in Kenya’s rural areas, data costs as well as the low battery life of most Internet-enabled gadgets.

22 July 2024 - New data from CBK shows that the offices facilitated business valued Sh413.3 billion in 2023, compared to Sh365.6 billion in 2022.

22 July 2024 - According to CBK, Kenyan bank subsidiaries operating in South Sudan, Mauritius, and Burundi were the least profitable contributing 6.67 percent, 3.40 percent, and 1.56 percent of the total...

22 July 2024 - Data from Epra shows that the country’s power generators produced 7,201,974,843 kilowatt-hours (kWh) of electricity between January and June.

22 July 2024 - The impact of integrating AI into different sectors has been both lauded and criticised, and the luxury sector is no exception.

22 July 2024 - High levels of radiation and exposure to certain chemicals and viruses, such as HIV/Aids, have been linked to an increased risk of myeloma.

22 July 2024 - Africa’s richest man, Aliko Dangote, has expressed his willingness to transfer ownership of his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited, in an interview with Premium Times.

22 July 2024 - In a 49-paged critic, IEA points at the lender's shortcomings in the past six reviews.

22 July 2024 - The Dependable Brands Super Realtors Award recognizes leading real estate companies

22 July 2024 - The volume of the transit cargo handled through the port of Mombasa has grown significantly on the back of the KPA renewed push to improve efficiency.

22 July 2024 - The Capital Markets Authority (CMA) has approved new trading rules for 2024 at the Nairobi Coffee Exchange (NCE).

22 July 2024 - It is clear that the AU needs a radical transformation to live up to the legacy they left behind.

22 July 2024 - A fresh survey published by Nairobi-based arts organisation Creative Garage shows that Kenyan artistes are just as worried as they are optimistic about the growing use of AI in the industry as it...

22 July 2024 - Kenya's fiscal challenges are multifaceted. The country faces substantial foreign and domestic interest service costs, amounting to at least $7.7 billion annually between FY 2024/25 and FY 2027/28.