Business

13 May 2025 - Egypt's Suez Canal Authority is considering transit fee discounts of 12% to 15% to revive traffic through the key waterway, which has been severely affected by ongoing regional attacks.

13 May 2025 - Guinea’s Prime Minister has announced December 2025 as the new date for national elections, aiming to reassure investors during a speech on Monday at the Africa CEO Forum in Abidjan, Côte d'Ivoire.

12 May 2025 - The passion for rugby is alive and well, from Cape Town to Cairo. The game is being developed too in countries such as Uganda, the Ivory Coast, Ghana and Madagascar. But what else needs to be done? Rugby Africa president Herbert Mensah is leading what…

12 May 2025 - Kenya last privatised a State-owned company in 2008 with an initial public offering of a 25 percent stake in telecommunications firm Safaricom.

12 May 2025 - The order issued by Justice John Chigiti is directed to telecommunication firms Safaricom (owner of Skiza tune) and Airtel (owner of Hello tune).

12 May 2025 - By Kelvin Kipng’etich MAY 12 – In the shadow of Kenya’s rapid urbanization lies a persistent challenge: nearly 30% of our population still lacks reliable access to electricity. While national grid expansion continues, the geography and economics of…

12 May 2025 - Under the programme, taxpayers who did not have principal arrears at the end of December 2023 automatically saw their accumulated interest and fines waived.

12 May 2025 - The United States Embassy in Ghana has disclosed that it approved 25,000 visa applications out of a total 61,000 received from Ghanaians seeking to travel for employment, education, or tourism in 2024.

12 May 2025 - The full implementation of the system will compel State ministries, departments, and agencies to initiate, evaluate and award tenders online.

12 May 2025 - KNCCI says speeding up settlement of the bills is key to averting further business closures besides helping to jumpstart the private sector and enable it to resume hirings.

12 May 2025 - The reduction in the allocation negates the spirit of President Ruto-led Kenya Kwanza regime’s election manifesto, which had promised to double the budget to raise the number of beneficiaries.

12 May 2025 - Daniel is part of a global movement revolutionising food systems through urban farming.

12 May 2025 - Koidu Limited, the largest diamond mining company in Sierra Leone, has suspended operations and dismissed nearly all of its over 1,000 local workers amid an ongoing dispute over wages and working conditions.

12 May 2025 - The transition has faced backlash for what critics say is a lack of stakeholder engagement.

12 May 2025 - Companies and their directors are legally accountable to shareholders – and that means factoring in not only the financial but also strategic risks in decision making.

12 May 2025 - Excise duty was first introduced in October 2018 through the Finance Act, 2018, which amended the Excise Duty Act, 2015.

12 May 2025 - Please reflect on you and your health. Appreciate it while it’s in good shape, and if it is not apply a healthy mindset to its hopeful restoration.

12 May 2025 - These men are changing the way people think about male living habits.

12 May 2025 - In the 2024–2025 financial year, Kenya's total national government spending was projected to increase by 12% to KSh 3,605.20 billion. In light of this Kenyan export soared to KSh1,112.3 billion.

12 May 2025 - S&P Global Ratings has upgraded Ghana’s credit rating to CCC+, up from its previous classification of Selective Default (SD).

12 May 2025 - Multiple studies have shown that companies with diverse workforces are more likely to outperform less diverse peers financially.

12 May 2025 - Ghana is seeing a significant improvement in its debt position, thanks to economic expansion and tighter control of public expenditure following a recent debt crisis, according to Barclays Plc.

12 May 2025 - Enos Olik, June Ndinya, Mkaiwawi Mwakaba, and Likarion Wainaina have created a visually stunning, well-paced, and deeply engaging show.

12 May 2025 - Kenya's youth account for 75 percent of the population. In the last general election, our voting bloc was the largest, and yet, youth turnout was the lowest.

12 May 2025 - In 1930, British economist John Maynard Keynes predicted that by 2030, technological advancements would reduce the average workweek to just 15 hours. His logic seemed solid. Between 1900 and 1930, United States’ GDP quadrupled, while the average…

12 May 2025 - NAIROBI, Kenya, May 12 — Subaru Kenya and Strathmore University have entered into a partnership aimed at boosting electric vehicle (EV) innovation and strengthening STEM education in the country. The collaboration, launched on May 9 at Strathmore’s…

12 May 2025 - Nigeria's economy posted its strongest growth in nearly a decade in 2024, fueled by a robust fourth quarter and a healthier fiscal outlook, according to the World Bank.

12 May 2025 - The local unit has been more volatile against other global currencies, including the euro and the British pound.

12 May 2025 - Evidence shows that investments in nurses pay off.

12 May 2025 - The relationship between France and Algeria continues to deteriorate, as the North African country takes the bold decision to expel 15 French diplomats.

12 May 2025 - MAY 12 – The White House is in discussions with the royal family of Qatar to possibly receive a luxury jumbo jet, intended for use as an Air Force One presidential plane. In a statement, Qatar denied that the plane would be a gift, but said the transfer…

12 May 2025 - NAIROBI, Kenya, May 12 – Family Bank has entered into a deal with EIB Global, a development investment arm of the European Investment Bank, to lend Sh14.7 billion to women-owned and youth-led businesses in the country. In the deal, EIB Global will…

12 May 2025 - Russia aims to strengthen its influence in Africa by providing its state-backed military force - Africa Corps - to replace the ousted Wagner group and defend the Central African Republic (CAR).

12 May 2025 - Equity Group emerged as a top performer at the 20th edition of the Think Business Banking Awards 2025, securing 16 awards across key categories that address innovation, financial literacy, SME support, and sustainability.

12 May 2025 - As the fifth month of 2025 rolls on, several African countries are still dealing with consistently high fuel prices, a pattern that strains economies, inflates family spending, and stymies development efforts

12 May 2025 - NAIROBI, Kenya, May 12 – The National Biosafety Authority (NBA) has launched a nationwide public awareness campaign aimed at demystifying genetically modified organisms (GMOs), as the agency moves to tighten regulatory oversight and decentralize its…

12 May 2025 - MAY 12 – The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal…

12 May 2025 -  NAIROBI, Kenya, May 12 – Kenya Power is currently installing new sensors on its power lines to detect line faults, temperature anomalies, and mechanical stress in real-time, reducing outages besides improving grid performance. The Megger’s MGA Sensors…

12 May 2025 - Established in 2015 with an initial turnover of KES 17.8 million (USD 138,000), the Nairobi-based institution has reported cumulative revenues exceeding KES 3 billion (USD 23 million) by the end of 2024.

12 May 2025 - Nigerian business mogul and Africa’s richest man, Aliko Dangote, alongside fellow billionaire David Rubenstein, have made a push into the Kenyan tourism industry with the acquisition of Pollman’s Tours and Safaris.

12 May 2025 - Topline The U.S. and China on Monday announced they would significantly cut back tariffs placed on each other’s goods for at least 90 days as both sides plan to continue negotiations on a trade deal, triggering a major surge in U.S. stock futures and…

12 May 2025 - The average gross daily yield for MMFs in March stood at 11.03%, reflecting ongoing economic adjustments and falling short-term interest rates.

12 May 2025 - MAY 12 – With US President Donald Trump due to visit Gulf states this week, a key focus will be securing significant new investment for the US economy. “President Trump wants the announcement [of more Gulf money for the US],” says economist Karen Young…

12 May 2025 - NAIROBI, Kenya, May 12 – The Tax Appeals Tribunal has ruled in favor of the Law Society of Kenya (LSK) regarding whether VAT is applicable on annual practicing certificate fees and other fees charged on the society members. The ruling came after the…

12 May 2025 - NAIROBI, Kenya, May 12 — The fourth edition of the Africa Soft Power (ASP) Summit will take place in Nairobi from May 21 to 25, bringing together public and private sector players to explore ways of boosting Africa’s creative, digital, and knowledge-…

12 May 2025 - The United States has rejected a United Nations proposal to help finance the African Union’s new peacekeeping mission in Somalia.

12 May 2025 - MAY 12 – Both China and the United States have said that they’ve made progress at trade talks between the two countries in Switzerland. The US Treasury Secretary Scott Bessent described the discussions as “productive and constructive,” while China’s…

12 May 2025 - NAIROBI, Kenya, Apr 11 – A long-running legal battle over more than 9,000 acres of contested land in Kisumu County has taken a new twist after a lawyer representing Miwani Sugar Company (in Receivership) rejected a proposed government-brokered consent…

12 May 2025 - Public projects spending cuts, pay raises freeze and business woes fuel defaults.

12 May 2025 - Consumers still grapple with higher retail prices despite the fall in wholesale prices of liquefied petroleum gas.