Business

19 June 2024 - MPs debate Finance Bill, 2024

19 June 2024 - Small and medium enterprises (SMEs) are set to benefit from reduced borrowing costs following a decline in interbank lending rates to a six-month low of 12.922 per cent.

19 June 2024 - MPs begin debate on Finance Bill, 2024

19 June 2024 - JUNE 19 – The US Federal Trade Commission (FTC) has referred a complaint against TikTok and its Chinese parent company ByteDance over potential violations of children’s privacy to the Department of Justice (DOJ). The FTC says its own investigation “…

19 June 2024 - JUNE 19 – Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday. The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft. It overtook Apple earlier this…

19 June 2024 - NAIROBI, Kenya, June 19 – American asset manager BlackRock has announced the liquidation of its emerging market (EM) funds in Kenya and Nigeria. The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated…

19 June 2024 - By Jeff Mote JUNE 19 – It’s June 18th 2024, the Finance Bill 2024 conversation is reverberating across the country, on the stage is the National Assembly and the important role it plays in our democratic system. The National Assembly, is much more than…

19 June 2024 - South Africa and Nigeria have been projected to lose 900 millionaires to another country in 2024, according to a report on migration by Henley & Partners.

19 June 2024 - As Africa's urbanization accelerates, the rise of expensive cities poses enormous issues for people, legislators, and the continent's economic progress. While urbanization is typically a good thing, with cities such as Lagos, Johannesburg, Nairobi, and…

19 June 2024 - The training aims to cultivate local ICT talent by enhancing knowledge transfer at a local and international level, promoting a greater understanding of and interest in the technology field.

19 June 2024 - SINGAPORE, June 19 (Xinhua) — Singapore’s overall waste recycling rate declined from 62 percent in 2013 to 52 percent in 2023 as people produced less waste, according to data released by the National Environment Agency (NEA) Wednesday. Singapore…

19 June 2024 - NAIROBI, Kenya, June 19 – The government is set to incur a revenue shortfall of Sh5 billion after the removal of the Eco Levy in the proposed Finance Bill 2024. According to Kuria Kimani, chairperson of the National Assembly Finance and Planning…

19 June 2024 - Some African countries have made tremendous progress in bridging the gender gap in recent years, ushering in a time of empowerment and advancement for women. The story of gender inequality is being rewritten thanks to coordinated initiatives in the…

19 June 2024 - TOPLINE Chip designer and artificial intelligence juggernaut Nvidia narrowly topped Microsoft’s market capitalization Tuesday to become the world’s most valuable public company, less than two weeks after it surpassed Apple’s market cap following months…

19 June 2024 - ROME, June 18 (Xinhua) — The World Food Forum (WFF) on Tuesday announced a week of activities in restaurants worldwide, as part of the United Nations’ “Sustainable Gastronomy Day”, aimed at encouraging youth to reduce food waste. Named “Sustainable…

19 June 2024 - JUNE 18 – McDonald’s is removing artificial intelligence (AI) powered ordering technology from its drive-through restaurants in the US, after customers shared its comical mishaps online. A trial of the system, which was developed by IBM and uses voice…

19 June 2024 - MACHAKOS, Kenya, June 18 (Xinhua) — A Chinese roofing company opened a new factory in Kenya on Tuesday to provide the market with affordable, eco-friendly and durable roofing materials. “Kenya and China share a deep bond of friendship. We are committed…

19 June 2024 - Interbank lending rates have fallen to a six-month low of 12.922 per cent.

19 June 2024 - Discretionary effort is spontaneous and voluntary.

19 June 2024 - JUNE 19 – Communication around the world has been a tale of change, a change that has never stopped unfolding. Since the days of using messengers, drums, and smoke signals, then came landlines, and now mobile phones, the world of communication…

19 June 2024 - Reinstatement deals major blow to President Ruto's plan to cut funding to State agencies.

19 June 2024 - Concessions raise several questions that should shape the discussion going forward.

19 June 2024 - MPs have proposed an increase in fuel, import and rail development levies as well as higher excise duty on gambling.

19 June 2024 - Young Kenyans will be forced to foot the costs of screening for four common types of cancer.

19 June 2024 - A Finance Bill once passed into law gives the government the legal force to collect taxes to finance the country’s budget.

19 June 2024 - Studying medicine is often the peak aspiration of students who have passed their Kenya Certificate of Secondary Education exams.

19 June 2024 - Calls for enhanced collaboration and resource mobilisation.

19 June 2024 - The Industry's overal non-liability claims paid rose to Sh20.58 billion

19 June 2024 - Its attributed to stagnation in harvested area in the country.

19 June 2024 - Mining at Kwale is expected to end in December this year.

19 June 2024 - “Buda, tunaeza re-take hiyo shot tena? Nafikiri bado haijaingiana,” (Could we retake that shot? I feel it still lacks some oomph), says Eddie Butita in his usual heavy sheng intonation.

19 June 2024 - Bread and financial transactions, including credit and debit card issuance as well as foreign exchange dealings, have been spared from value-added tax.

19 June 2024 - Tax on production and importation of alcoholic drinks, fuel, cigarettes, cosmetics and cars have posted a rare drop.

19 June 2024 - The State is lobbying to hive off 1,000 hectares of additional land owned by the EAPCC in Athi River.

19 June 2024 - IHS targets to expand its affordable housing footprint with a Sh1.2 billion investment in 240 apartments in Limuru.

19 June 2024 - Interbank lending rates have fallen to a six-month low of 12.922 percent on reforms initiated by CBK.

19 June 2024 - The Parliamentary Finance Committee wants small businesses with a turnover of less than Sh1 million spared.

19 June 2024 - The National Assembly’s Finance Committee has rejected the Treasury’s proposal to allow the Kenya Revenue Authority (KRA) to spy on Kenyans’ M-Pesa transactions and bank account details.

19 June 2024 - Multinational tech firms that earn revenues locally without a physical office in Kenya got relief.

19 June 2024 - The ratio of Kenyans consuming short-form online news videos per week stands at 94 percent.

19 June 2024 - Hashi Energy is disposing of multiple assets, including parcels of land amid liquidation to pay off its creditors.

19 June 2024 - In the realm of taxation, governments often turn to various strategies to generate revenue while creating room for equitable distribution of the tax burden.

19 June 2024 - Kenya's exports have grown from Sh873 billion in 2022 to cross the Sh1 trillion mark in 2023, SMEs still do not feature prominently.

19 June 2024 - The trio undertook to develop an application dubbed Chumz, that would enable people to start investing with as little as five shillings.

19 June 2024 - Many businesses always outline cost-cutting measures to deal with low orders and sales.

19 June 2024 - The conference facilitates market linkages, business-to-business networking, and business mentorship for women entrepreneurs.

19 June 2024 - As June marks Men’s Mental Health Awareness Month, it is imperative to address a growing concern that has captured the nation’s attention—the use of Muguka.

19 June 2024 - The recent heavy rains exposed this unfortunate reality to many Kenyans who lost their homes after the unexpected downpour.

19 June 2024 - We have witnessed rapid advancement in technology from pristine laboratories with exacting conditions into our daily lives.

19 June 2024 - A housing co-operative society has filed an appeal, challenging the acquisition of a Sh15 billion 60-acre parcel of land.