Business

28 June 2024 - It is often said that the future of the world lies in Africa, largely due to its rapid population growth. This growth presents both challenges and opportunities for African cities, especially their capital cities, which serve as focal points of…

28 June 2024 - President Ruto directs Sh346bn budget cuts for counties and national government as he assents to Appropriations Bill.

28 June 2024 - The KRA data shows about six million people had filed their returns by June 26 against nine million active taxpayers on its database.

28 June 2024 - Andrew Robinson has an impressive track-record of building big businesses in Africa and around the world. “The biggest thing Covid taught me is that when something is failing, another thing is succeeding.” With ventures that span multiple industries…

28 June 2024 - The Nigerian government has plans to purchase an Airbus A330 aircraft seized from an unnamed Arab prince and businessman who defaulted on hundreds of millions of dollars in debt to a German bank, according to Premium Times.

28 June 2024 - NAIROBI, Kenya, Jun 28 – Diversified financial services firm Britam has announced its reinvestment of profits from the financial year ending December 31, 2023, to support its ambitious five-year business strategy. During its 28th Annual General Meeting…

28 June 2024 - NAIROBI, Kenya, Jun 28 – The Supreme Court has declared that banks and financial institutions must seek approval from the Cabinet Secretary for Finance before increasing interest rates on loans and facilities. This follows a case between Stanbic Bank…

28 June 2024 - KAKAMEGA, Kenya, Jun 28 – A Section of Kakamega residents have opposed a proposal to transfer Amboseli National Park, which is a national natural resource, to the county government of Kajiado. Speaking during a public participation forum at Magharibi…

28 June 2024 - Listed non-bank finance solutions provider Sanlam Kenya has drawn up a plan to turbocharge the firm’s growth and profitability.

28 June 2024 - The DRC insurance sector, valued at about Sh38.8billion in 2023

28 June 2024 - Around the world, low-income nations are sucked into economic crisis - and in some cases, debt default.

28 June 2024 - After years of remote work, post-pandemic employees are struggling with office distractions. The solutions run from in-office phone booths to libraries to, surprisingly, adding more sound. Chad West doesn’t go into his London office more than once a…

28 June 2024 - Veteran journalist Mutegi Njau has died, his family has confirmed.

28 June 2024 - An accountant moves from Molo to Nairobi seeking career growth but faces debt due to lifestyle upgrades. Discover how he restructures his finances, cuts expenses, and regains control, ultimately achieving stability, savings, and career success while…

28 June 2024 - The rollout of Kenya's Social Health Insurance Fund (SHIF) faces delay again. A committee set up by the Ministry of Health says that technological issues with the program's digital platform force postponement of the July 1st launch. Government explores…

28 June 2024 - "Explore the most profitable export sectors in Kenya, where entrepreneurs thrive and generate significant income. Uncover key industries, market trends, and success stories that highlight how Kenyans make the most money in the export business. From…

28 June 2024 - Explore the highest paying jobs in Kenya across various sectors like technology, finance, healthcare, and engineering. Learn about top-paying jobs in the private and public sectors according to a report by KNBS. Whether you're a job seeker or…

28 June 2024 - Mobile banking has changed how Kenyans manage their finances. With a USSD code, you can check your balance, transfer funds, and pay bills. In Kenya, many banks offer USSD codes that make these services easily accessible without the need for internet…

28 June 2024 - Potential repercussions of the Finance Bill 2024 not passing: The National Treasury anticipates significant budget cuts in fiscal year 2024/2025 that could impact crucial sectors such as education, HELB, CDF, IEBC, farming, healthcare, infrastructure,…

28 June 2024 - Kenyans face a 38% hike in fuel taxes despite a recent revenue dip. The amended Finance Bill proposes raising the Road Maintenance Levy to fix roads, increasing petrol and diesel by Ksh7 per liter. This comes with a win for privacy, as a plan for…

28 June 2024 - The 50/30/20 method outlines how you should divide your income. 50% of your income should be used for your needs, which include food, shelter, clothing, and commuting. The other 30% is allocated to your wants, these include the creature comforts that…

28 June 2024 - Treasury CS Prof Njuguna Ndung’u on Thursday, June 13, unveiled Kenya’s 2024/2025 budget totaling KSh 4.04 trillion. The budget projects an ambitious revenue target of Ksh3.02 trillion, driven by major tax reforms, improved revenue collection, and what…

28 June 2024 - How Kenyans have fallen victim to fraudsters who take advantage of the popularity of the chama model. These are savings schemes created online and coordinated by individuals who are popularly known as the “admins”. They start well but after some time,…

28 June 2024 - Nairobi's stalled Thika Road BRT project gets Ksh3 billion to resume after 4 years. The project aims to ease traffic congestion with dedicated lanes for BRT buses and quicker boarding at stations. The government will pay the contractor Ksh3 billion to…

28 June 2024 - Struggling to clear your Higher Education Loans Board (HELB) loan? This guide offers 7 steps to help you pay it back faster, including utilizing the grace period, automating payments, and maintaining a simple lifestyle. Learn how to increase your…

28 June 2024 - Kenyan county governments clash with KRA over VAT on local revenue. CoG says this is unconstitutional because the constitution gives counties the power to manage their own finances.. They also argue that VAT is a tax on goods and services, and county…

28 June 2024 - Kenyan CEOs, particularly in the manufacturing sector, plan significant job cuts due to declining business performance and the need for cost-cutting, due to potential challenges like the Finance Bill 2024. Directline Assurance,a Kenya's motor insurance…

28 June 2024 - The Kenyan government will audit lifestyles of unemployed and self-employed individuals to determine their SHIF contributions. Factors like residence and expenses will be considered. Self-employed contributions are self-declared, and truly…

28 June 2024 - Dropshipping is appealing for new online store owners due to its low entry barriers. However, this ease of entry creates a highly competitive market, as many people can start dropshipping. Additionally, suppliers often sell directly to customers, which…

28 June 2024 - We saved Ksh500K for a lavish wedding but chose a simpler, intimate ceremony instead, spending Ksh240K. Prioritizing our commitment over extravagance, we invested the remaining Ksh260K. Our decision brought genuine happiness, avoided debt, and set us…

28 June 2024 - Nairobi's housing trend is shifting to smaller units due to high living costs, inflation, and expensive loans. Rental prices vary by area, with bedsitters and one-bedrooms costing Ksh7,000 to Ksh40,000. Financial experts recommend rent should not…

28 June 2024 - As of June 2023, Kenya's total debt rose by 19.3% to Ksh9.6239 trillion. External debt surged 27.0% to Ksh5.276 trillion, while internal debt was Ksh4.347 trillion. High debt levels risk financial strain, with debt servicing charges rising 55.4% to…

28 June 2024 - The foods that will be levied include cereals, legumes, and tubers. In a notice published on Tuesday, May 28, 2024, AFA announced that the new levy will come into effect starting July 1, 2024.The new tax places an additional burden on farmers and…

28 June 2024 - Since 2017, forex trading has significantly grown in Kenya. Nonetheless, there are still some pitfalls to forex trading in Kenya. This article will explore five forex trading pitfalls in Kenya.

28 June 2024 - Iceberg tiers are a popular internet phenomenon in which degrees of knowledge of a particular subject is conveyed with an iceberg, in which the most commonly well-known titbits are at the top as “the tip of the iceberg”, and way down in the depths are…

28 June 2024 - Men are 94 per cent more likely than women to understand how AI is implemented

28 June 2024 - Pump prices may rise as much as 300% in some states in Nigeria, the Society of Energy Editors (SEE) 2024 Third Quarter Outlook for Nigeria’s Energy Sector (July and September 2024) report found.

28 June 2024 - Africa, often called the "next frontier" for economic growth and development, is expected to become a hotspot for FDIs, but progress is still slow. FDI inflows into the continent fell by 3% to $53 billion.

28 June 2024 - NEW DELHI, June 28 (Xinhua) — At least one person died and a few others were injured when a portion of a roof collapsed at New Delhi’s airport on Friday, confirmed a local cop to Xinhua over phone. The incident occurred at the airport’s Terminal-1 amid…

28 June 2024 - BRUSSELS, June 27 (Xinhua) — The European Council summit agreed on Thursday to formally nominate Germany’s Ursula von der Leyen for a second term as president of the European Commission. European Council President Charles Michel confirmed the…

28 June 2024 - NAIROBI, Kenya, June 28 – The African Trade and Investment Development Insurance (ATIDI) has vowed to support the 35 MW greenfield geothermal project in the country through its Regional Liquidity Support Facility (RLSF). The project, which will be…

28 June 2024 - Understanding the karat rating helps you know the content and durability.

28 June 2024 - 17 new enterprises have joined the EPZA programme in the last six months.

28 June 2024 - Judge agrees with sector regulator spelling death knell for the troubled insurer.

28 June 2024 - The Finance Bill 2024 had been expected to raise an additional Sh302 billion.

28 June 2024 - Ann Kinuthia-Otieno, the Chief Executive of Airtel Money, is straight-shooting, driven, and determined.

28 June 2024 - The windfall is expected to boost funding of operations at respective ministries and State departments which have been looking to wean themselves off exchequer support.

28 June 2024 - Trific chief executive Brenda Mbathi spoke to the Business Daily on the company’s investment plan for the centre with the new Sh6.1 billion capital injection.

28 June 2024 - Lender had predicted Finance Bill fallout but urged the government to push taxes through.

28 June 2024 - Seacom has restored normal services on its Internet cable that lost capacity on Tuesday.