Business

11 July 2024 - NAIROBI, Kenya, July 11 – 27 Female entrepreneurs in the Micro, Small, and Medium Enterprises (MSME) sectors have been honored at the Kayana Awards following their momentous contribution towards the elevation of communities and industries in the…

11 July 2024 - The business has created over 120 jobs for women weavers, as well as full-time jobs for those working in their facilities

11 July 2024 - Access to adequate housing is not just a matter of shelter, but a fundamental human right that is essential for the realisation of other rights and for living a life of dignity.

11 July 2024 - Local debt stock jumps to Sh5.4trn as at end of June 2024 from Sh4.832trn.

11 July 2024 - The businessman says the taxman was imposing taxes as per the rate of 2023 instead of 2022, and argues that his company and another one in Mauritius are two separate entities.

11 July 2024 - The successful adoption of water/infrastructure bonds in Kenya might result in numerous benefits.

11 July 2024 - Justice David Majanja ruled that he agreed with the magistrate’s court that, on a balance of probability, Kenya Power’s negligence caused an electric surge at Pwani Warehousing Limited.

11 July 2024 - A new report by the Intergovernmental Authority for Development (Igad) has shown that more women than men were unemployed between 2012 and 2022.

11 July 2024 - Bamburi chief executive officer said the squatters' group has unlawfully occupied the parcel without authority or license under any law.

11 July 2024 - The court had, on March 14, 2024, directed Kenya Railways Corporation to pay the 206 residents Sh20.6 million for demolishing their houses in February 2021.

11 July 2024 - One of the biggest risks he or she faces is the lack of good governance structures that promote transparency and accountability due to the business being owned and managed by the same person.

11 July 2024 - The crux of Moody’s decision lies in the anticipated reduction of tax revenues, which could impair Kenya’s ability to service its debt.

11 July 2024 - An audit of contracts for external loans for development projects faults the Treasury for failing to undertake proper market research on the terms of loans tapped, mainly due to limited skills by...

11 July 2024 - Fresh data from the Central Bank of Kenya (CBK) shows the new borrowing took the country’s domestic debt stock to Sh5.41 trillion as at the end of June 2024, up from Sh4.832 trillion at the end...

11 July 2024 - The company recently sold two units of all-electric Mahindra XUV 400 sports utility vehicle (SUV) to Kenya Power at a cost of Sh9 million each.

11 July 2024 - She and her partner Precious Mbinya started the business with an initial investment of Sh10,000.

11 July 2024 - Kenya scored poorly on electoral process and pluralism with 3.5 out of 10 in 2023.

11 July 2024 - Auditor-General Nancy Gathungu said the Fund management did not explain the actions taken to recover the long outstanding amounts.

11 July 2024 - In many regions, relentless rains have led to catastrophic flooding, disrupting lives and livelihoods.

11 July 2024 - Solar energy is fast becoming more accessible and affordable, altering the energy landscape because of technology advancements and increased productivity.

11 July 2024 - One can’t be considered rational if you change your order, just because you found they also have ham.

11 July 2024 - The regulator is seeking to compel all service providers in the industry to register even as it also seeks additional powers to oversee the ICT sector.

11 July 2024 - Authorities in Kampala were provoked by KRA’s stand, with Uganda’s minister for Energy and Mineral Resources, Ruth Nankabirwa, sensationally accusing Kenya of derailing its direct fuel import...

11 July 2024 - The fall in the bonus saw Mr Ndegwa’s total pay for the year to March 2024 decline to Sh252.3 million from Sh313.1 million a year earlier.

11 July 2024 - And while access to finance is a big barrier, the major issues that women-led SMEs face are non-financial.

11 July 2024 - Yields on the Eurobonds have trended lower in recent days in contrast to last week, surprising market observers who had expected the ratings downgrade to drive fear and selloff activity.

11 July 2024 - The Reit’s shares (units) were available for trading on the platform yesterday at a fixed price of Sh11.

10 July 2024 - ACCRA, July 10 (Xinhua) — Ghana’s inflation rate dropped from 23.1 percent in May to 22.8 percent in June, the Ghana Statistical Service (GSS) said Wednesday. Samuel Kobina Annim, the government statistician at the GSS, attributed the marginal drop in…

10 July 2024 - Global rating agency Moody's on Tuesday downgraded Kenya's credit rating, painting a bleak picture of the country's economic status in terms of fulfilling debt obligations.

10 July 2024 - Nigeria's informal sector is an important part of the country's economy, giving jobs and income to millions of Nigerians. This sector, which comprises unregistered and unregulated firms, covers a wide range of activities, including street vending,…

10 July 2024 - Global rating agency's negative rating means the country will pay more to borrow domestically and internationally.

10 July 2024 - Amsons Group is a family-run business with operations in Tanzania, Zambia, Malawi, Mozambique, DRC and Burundi.

10 July 2024 - A new study titled The Henley Private Wealth Migration Report 2024 has shown that some countries are steadily growing their millionaire population to measure up with the world economic powerhouses like the United States of America and China.

10 July 2024 - The cash offer by Amsons represents a premium above the current Bamburi Cement share price on the NSE.

10 July 2024 - The REIT aims to double its portfolio value from Sh3.5 billion to Sh7 billion within three years.

10 July 2024 - Morocco plans to purchase a spy satellite from Israeli Aerospace Industries (IAI) in a $1 billion deal, according to Moroccan media reports on Wednesday.

10 July 2024 - Kenya is among 23 countries expected to dedicate over 20 per cent of their revenue to external debt payment

10 July 2024 - It is estimated that Nairobi traffic jams bleed Sh120bn from economy.

10 July 2024 - Anant Ambani, the son of the richest man in Asia, Mukesh Ambani, is set to marry his longtime girlfriend Radhika Merchant in a grand ceremony, which many anticipate will be the wedding of the year.

10 July 2024 - At least 50% of customers surveyed derive satisfaction in the ability to withdraw their cash when needed,

10 July 2024 - Somalia has long considered implementing PPPs with the logistics sector being one of the most promising areas.

10 July 2024 - BNI has been active for 14 years in Kenya, boasting 537 members.

10 July 2024 - The four funds under CPF combined hold over Sh100billion in Assets

10 July 2024 - NAIROBI, July 10 (Xinhua) — Kenya on Tuesday unveiled a five-year strategic plan aimed at enhancing the country’s dairy exports. Jonathan Mueke, principal secretary in the Kenyan Ministry of Agriculture and Livestock Development, told journalists in…

10 July 2024 - ADDIS ABABA, July 10 (Xinhua) — Coffee exports brought Ethiopia 1.43 billion U.S. dollars in revenue during the just-concluded Ethiopian fiscal year, the government has said. Ethiopia exported 298,500 tons of coffee during the Ethiopian 2023/24 fiscal…

10 July 2024 - NAIROBI, Kenya, July 10 – ICEA Lion Asset Manager’s (ILAM’s) Fahari Real Estate Investment Trust has been admitted to the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange (NSE) following a comprehensive restructuring of the real…

10 July 2024 - Despite the overall funding decline, a significant portion of investments was directed towards climate tech, which accounted for 45% of all startup funding in Africa this year. Experts offer more insights. Fintech, while second in total amount raised,…

10 July 2024 - Crime, ranging from petty thefts to organized crime syndicates, has far-reaching effects on countries. In mid-2024, South Africa recorded the highest crime index in Africa.

10 July 2024 - NAIROBI, Kenya, July 10 – Malaysian budget carrier AirAsia X will be expanding its first network in Africa with a directed flight between Nairobi and Kuala Lumpur, Malaysia. Starting November 15, 2024, the airline will be flying four times a week to…

10 July 2024 - Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against…