Business

14 May 2025 - In this Newsletter, we are covering the Knight Frank report, Aliko Dangote's purchase of Kenya's oldest tourism company, Nelson Amenya’s latest airport scandal, and President William Ruto's extended business talks with China.

14 May 2025 - MAY 14 – President Donald Trump has said the US has “no stronger partner” than Saudi Arabia during his first major foreign trip – a whirlwind visit of Gulf countries mainly focused on shoring up investment. Speaking in Riyadh, the US president also…

14 May 2025 - Growth in GDP per capita often corresponds to an increase in individual income and consumption. This implies that, on average, people in the country are better off than they were the previous year. Another layer to GDP per capita is the GDP per capita…

14 May 2025 - NAIROBI, May 14 (Xinhua) — Aviation industry leaders from around the world on Tuesday met in Nairobi, Kenya’s capital, to discuss ways to improve collaboration, safety, and operational efficiency in the air transport sector. The three-day International…

14 May 2025 - South Africa’s workforce contracted in the first quarter of 2025, as unemployment continued to climb, heightening economic concerns. According to Statistics South Africa’s latest Quarterly Labour Force Survey (QLFS), the number of unemployed persons…

14 May 2025 - Pool of high-net-worth individuals dropped by 10pc as investors moved wealth abroad.

14 May 2025 - As Kenya is on the equator, we have fierce sunlight, which generally lighter colours will reflect more and absorb less.

14 May 2025 - Government’s move to revive the sugar sector faces resistance as stakeholders claim they were sidelined.

14 May 2025 - French energy major TotalEnergies has announced plans to begin offshore drilling in South Africa next year, contingent on receiving the required regulatory approvals.

14 May 2025 - Nigeria’s Dangote Oil Refinery has reportedly cancelled planned maintenance on its 204,000 barrels-per-day gasoline-producing unit for June.

14 May 2025 - Their ability to thrive on minimal resources makes them an ideal investment in areas frequently hit by drought and food scarcity.

14 May 2025 - Norwegian fintech firm Wakandi has launched a capital raise of Ksh6.5 billion (USD 50 million) to fast-track the digitisation of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy

14 May 2025 - Norwegian fintech firm Wakandi has launched a capital raise of Ksh2 billion (USD 15 million) to fast-track the digitisation of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy.

13 May 2025 - Kenyans are consuming more illegal alcohol than ever before, with illicit drinks now accounting for 60 percent of all alcohol sold in the country.

13 May 2025 - Absa Bank has officially launched its custody services in Kenya, marking its third market for the business after South Africa and Mauritius.

13 May 2025 - Pollman’s is Kenya’s most established and respected tour operator, boasting a fleet of over 200 custom-designed vehicles tailored for the region’s diverse terrains.

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13 May 2025 - Knight Frank reckons that the deadly protests against the 2024 Finance Bill prompted some investors to shift part of their wealth offshore.

13 May 2025 - The World Bank estimates that for Nigeria to achieve its ambition of becoming a $1 trillion economy by 2030, it would need to grow five times faster than its current pace. Nigeria’s economy expanded by 4.6% year-on-year in the final quarter of 2024,…

13 May 2025 - Theology is no longer viewed solely as a route to the pulpit. Instead, it is emerging as a foundation course for careers in boardrooms, classrooms, and community activism.

13 May 2025 - Tullow had targeted to start production of oil last year, but the plan derailed due to delays in getting regulatory nod for the field development plan (FDP).

13 May 2025 - The NHIF has since been replaced by Social Health Insurance Fund (SHIF) although a case challenging the replacement is pending in court.

13 May 2025 - Topline The White House announced it has lowered the tariff rate charged for small and low-value packages shipped from China from 120% to 54%—which could provide some relief to e-commerce platforms like Shein, Temu and AliExpress—after the two countries…

13 May 2025 - Besides the public, corporates have also opposed higher taxes, citing shrinking margins that limit their ability to grow, expand, and employ more people.

13 May 2025 - The rise in illicit alcohol use aligns with higher excise taxes that have made legal drinks unaffordable for many low-income households.

13 May 2025 - The rise in illicit alcohol use aligns with higher excise taxes that have made legal drinks unaffordable for many low-income households.

13 May 2025 - In addition to the credit line, EIB Global has also committed to provide Family Bank with technical assistance to enhance its gender strategy and product offering,

13 May 2025 - NAIROBI, Kenya, May 13 – The changing skyline of Mukuru informal settlement in Embakasi South, Nairobi, signifies more than just transformation. It is about survival. It is about healing. It is about finally reclaiming dignity and peace of mind after…

13 May 2025 - NCBA says the disclosed stakes of the directors covers their direct or indirect beneficial interest in the firm.

13 May 2025 - The proposed Finance Bill 2025, is a move away from previous new revenue measures as it is expected to yield only Sh25 to Sh30 billion in new receipts.

13 May 2025 - Sub-Saharan African countries are also showing a unique trend in buying luxury beauty items, in that a majority of their luxury purchasers shop for fragrances, which are outselling luxury...

13 May 2025 - Starting with a $38 computer, they amassed over 50,000 downloads in the first five months. Where there is a will, there is a way, even if it’s inalittle village in South Africa’s Limpopo province. Childhood friends Shibambu Mikhongelo Marvel (22) and…

13 May 2025 - We will gain enduring prosperity if our leaders champion policies that marry practical training with robust liberal learning across Kenya’s county.

13 May 2025 - The federation would become Africa’s most populous country with 302.2 million people.

13 May 2025 - MAY 13 – The UK’s job market has continued to weaken with the number of workers on payrolls falling in the first few months of the year and job vacancies declining again. Analysts said the latest figures from the Office for National Statistics (ONS)…

13 May 2025 - NAIROBI, Kenya, May 13 – The Kenya Revenue Authority (KRA) has launched investigations into more than 400 of its staff over suspected involvement in a multi-billion-shilling Value Added Tax (VAT) fraud scheme, amid a wider crackdown targeting illicit…

13 May 2025 - South African President Cyril Ramaphosa has strongly rejected the refugee claims of a group of white Afrikaners recently being welcomed into the United States.

13 May 2025 - He said Kenya received 34,000 metric tonnes of raw fertiliser material from Russia.

13 May 2025 - Gen Z should not be dismissed as disruptive - they are central to the moment, deserving full support through both adversity and success.

13 May 2025 - Unit trusts make up the largest pool of licensed vehicles in Kenya’s capital markets ahead of other investment classes.

13 May 2025 - By offering consultancy or freelance services, retirees can stay professionally active without the full commitment of running a business.

13 May 2025 - Nairobi, Kenya, May 13 – Ride-hailing platform Bolt has unveiled a new flight tracking feature aimed at streamlining airport pickups by automatically adjusting scheduled rides based on flight delays or cancellations. The feature, available under the…

13 May 2025 - MAY 13 – Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two biggest markets, have…

13 May 2025 - NAIROBI, Kenya, May 13 – Visa has warned of a widening gap between consumer confidence and actual digital payment safety in East Africa, even as AI-powered scams become increasingly sophisticated. Speaking at the third Cybersecurity Summit in Nairobi,…

13 May 2025 - He said Kenya received 34,000 metric tons of raw fertilizer material from Russia.

13 May 2025 - Good leaders and managers also need to be good communicators and effective public speakers. Some have used it as a tool for business and personal transformation and perfected it enough to be paid millions to talk. Even in the age of screens and scrolls…

13 May 2025 - Egypt is set to reclaim 25 stolen rare antiques following a three-year recovery campaign involving the Manhattan District Attorney's Office, Egypt's consulate in New York, and US law enforcement authorities.

13 May 2025 - The cash flow challenges have been compounded by piling pending bills owed to contractors, prompting construction firms to halt work on projects.

13 May 2025 - NAIROBI, Kenya, May 13 – Kenya’s wealthy are adjusting their investment strategies in response to rising global economic uncertainty, shifting away from residential and foreign assets in favour of more liquid, higher-yielding opportunities within the…

13 May 2025 - Saccos began disbursing more loans early in 2024, driven by rising credit demand as bank interest rates became untenable.