Business

31 May 2024 - BRUSSELS, May 31 (Xinhua) — The Eurozone’s yearly inflation rate should be reaching 2.6 percent in May, according to preliminary data published on Friday by Eurostat, the European Union’s (EU) statistical bureau. The Eurozone’s inflation rate stood at 2…

31 May 2024 - NAIROBI, Kenya, May 31 – Chinese electric vehicle (EV) maker MojaEV has unveiled its first electric vehicles (EVs) in Kenya as it targets cab drivers. The Neta variant EVs, which comprise SUVs and mid-level consumer cars, will be fully launched in mid-…

31 May 2024 - NAIROBI, Kenya, May 31 – Java has opened its first outlet in Voi, Taita Taveta County, as it seeks to expand its market beyond Nairobi. The new Java Express restaurant is located at the Total Energies service station and is the chain’s 91st branch. The…

31 May 2024 - NAIROBI, Kenya, May 31 – KCB Group CEO Paul Russo has been named the African Business Leader of the Year by Africa Leadership Magazine. Russo’s selection followed rigorous and competitive competition on the African continent, with leadership qualities,…

31 May 2024 - By Dr. Robert Nyarango MAY 31 – Kenya is experiencing an acute medical practitioner shortage. According to the Kenya National Bureau of Statistics (KNBS), 19 doctors serve every 100,000 people. This results in a doctor-patient ratio of 1:5,263, which is…

31 May 2024 - Senegalese President Bassirou Diomaye Faye, on his first official visit to Mali on Thursday, stated that he discussed the issue of remaining in the regional bloc ECOWAS with his Malian counterpart, who was "not totally inflexible" on the matter.

31 May 2024 - NAIROBI, Kenya May 31 – In a bid to address the country’s acute housing shortage, Unity Homes, a leading real estate developer, has revolutionized the industry by integrating cutting-edge technology into its construction processes. The investment…

31 May 2024 - By Simon Wafubwa Risk management in alternative investments is a critical aspect of ensuring the stability and sustainability of pension funds. Globally, a shallow recession coupled with geopolitical tensions and heightened inflation have created a…

31 May 2024 - On this day, she has guests from the World Bank and scientists from the ‘Accelerating Impacts of CGIAR Climate Research for Africa’ (AICCRA) project. A team of agro-ecologists, gene-bank experts, seed breeders, and economists joins over two hundred…

31 May 2024 - Doctolib is one of the French start-up scene’s great success stories. Founded in 2013 by Stanislas Niox-Chateau and his three co-founders, the software firm assists healthcare providers with administrative tasks, primarily appointment booking and…

31 May 2024 - NAIROBI, Kenya, May 30 – Enwealth Financial Services has welcomed plans to increase the tax-free contribution limit to Sh30,000, saying it will boost retirement savings. The proposed Finance Bill 2024, which is currently undergoing public participation…

31 May 2024 - NAIROBI, Kenya, May 31 – Opera mini users will start to enjoy more privacy after the global browser announced new privacy enhancement measures with the introduction of Locked Mode. The new Locked Mode allows users to set a PIN that is independent from…

31 May 2024 - NAIROBI, Kenya, May 31 – Angaza Forum hosted a dialogue with stakeholders in the financial sector to discuss ways to empower women in the field. This was announced on the sidelines of the African Development Bank Annual Meeting in Nairobi in partnership…

31 May 2024 - This $1.2 billion Development Policy Operation is funded through a combination of financial instruments.

31 May 2024 - While countless languages are spoken globally, the English language stands out as a leading force. Its global significance doesn't just stem from the language itself but from the sheer number of people who speak it.

31 May 2024 - RIYADH, May 30 (Xinhua) — The Saudi Arabian government on Thursday announced that it would sell a new stake in state oil giant Aramco that could raise as much as 13.1 billion U.S. dollars. According to a statement by Aramco, Saudi Arabia is offering…

31 May 2024 - NAIROBI, Kenya, May 31 – Kenya Power and Lighting Company (KPLC) has announced an open tender for the supply and delivery of electric vehicle (EV) chargers and related compact substations. The firm says the move marks a significant step towards…

31 May 2024 - The World Bank on Thursday approved the first of three budget support packages for Kenya worth $1.2 billion (Ksh.156 billion), to help the country address short-term fiscal pressures and accelerate green policies.

31 May 2024 - Stephen Chogo Visendi, a 51-year-old construction manager and electrician from Vihiga County, has become the inaugural winner of Ksh10,000,000 in SportPesa’s free-to-play game, Goal Rush.

31 May 2024 - ExxonMobil is downsizing its operations in Nigeria, Africa's largest oil-producing country.

31 May 2024 - Magarini MP Harrison Kombe loses seat after Supreme Court upholds annulment.

31 May 2024 - Russia claims that the South African election was not without some minor hiccups. This is according to a Russian observer who noted that there was some outside interference in the high stakes election. May 29th marked the election date for South…

31 May 2024 - TOPLINE Nestlé is tapping into the lucrative weight loss drug market by catering to customers’ “shifting” nutritional needs, CEO Mark Schneider told CNBC on Thursday, an optimistic pivot from one of the industry’s biggest players in the face of dire…

31 May 2024 - Following the first anniversary of Nigeria’s current administration led by President Bola Tinubu, some of the country’s successes and shortcomings were highlighted. Unfortunately, the shortcomings outweighed the progress as relayed via infographics…

31 May 2024 - NEW YORK, May 30 (Xinhua) — A jury in New York on Thursday found former U.S. President Donald Trump guilty on all charges in the hush money case. Trump was found guilty of all 34 felony counts of falsifying business records in a bid to hide hush money…

31 May 2024 - NAIROBI, May 30 (Xinhua) — Kenya on Thursday launched a strategic plan that seeks to boost the country’s exports by at least 10 percent annually from the 1 trillion shillings (about 7.7 billion U.S. dollars) recorded in 2023. Jaswinder Bedi, chairperson…

31 May 2024 - Uganda tops East Africa with 59 percent, followed by Kenya at 55 and Rwanda at 50 percent.

31 May 2024 - The contractor and KAA entered into a contract for the demolition of airport halls, baggage areas, and multi-storey office blocks at the JKIA in June 2014.

31 May 2024 - A Kenya Airways (KQ) flight landed safely at Kisumu International Airport Thursday evening after a bird strike. The steering components of the plane were affected, but no one was injured in the incident involving KQ Flight 670, which had departed the…

31 May 2024 - In Every Brilliant Thing, Mugambi shares similar qualities in this one-man show.

31 May 2024 - Currently, Kenya Power unilaterally disconnects consumers over disputed bills, forcing them to pay a reconnection fee even after a resolution is reached.

31 May 2024 - We were there for their gourmet burgers. It’s the only thing we eat at Sierra because it works each time.

31 May 2024 - 'Nobody talks about the power that the continent harbours. I’m struck by the beauty of Kenya, and the warmth of the population.'

31 May 2024 - During this Madaraka Day weekend, BDLife celebrates 10 artistes that created era-defining sounds and whose influence has transcended generations.

31 May 2024 - From the prices on her works, it would seem that Anne values the burlap more than canvas and watercolour paper.

31 May 2024 - The Business Daily sat down with David Cowan, senior economist for Africa at Citi Bank, on the backdrop of major macroeconomic developments.

31 May 2024 - Safaricom in partnership with M-Pesa Africa and Sumitomo Corporation has announced a cohort of nine start-ups to benefit from the capital injection.

31 May 2024 - The windfall has been driven largely by Kenya’s top nine listed banks, which raised returns on the short-term accounts in a competitive market.

31 May 2024 - “I'm a very responsible citizen,” said the President. “There is no way I can spend Sh200 million. In fact, let me disclose here that it cost the Republic of Kenya less than Sh10 million.”

31 May 2024 - Disclosures in CIC's latest annual report shows that Mr Muriuki raised his holdings to 158 million shares in the review period from 137.8 million the year before.

31 May 2024 - The CMA has so far approved 36 collective investment schemes made up of 150 funds.

31 May 2024 - The Kenya Power and Lighting Company (KPLC) has announced a plan to boost the number of electric vehicle charging points in the country in an effort to stoke the already growing consumer demand for electric vehicles (EVs). KPLC said Thursday that it is…

31 May 2024 - The NCBA Money Market Fund is among the investment solutions of NCBA Bank, one of the biggest commercial banks in Kenya. In summary, a money market fund is a low-risk investment option that invests in high-quality securities of short maturities, and the…

31 May 2024 - New survey shows more Kenyans become aware of how the government collects and uses revenue. The country's legal framework for public participation also remains solid

31 May 2024 - In April this year, the firm launched EV power stations at its offices at Stima Plaza and the training school at Ruaraka for Sh6.5 million.

31 May 2024 - Management are the most critical first line of defense and just like in the military they act to protect the organisation against potential ‘enemies’ as the first layer.

31 May 2024 - Windfall tax concept should be entrenched as a practice in instances where excessive profits are made from regulatory or administrative actions in response to national distress.

31 May 2024 - The ball is now in the court of Everstrong Capital LLC which signed a deal with the government during President Ruto’s recent visit to the US.

31 May 2024 - Kenya stands as a beacon of innovation and digital advancement within the African landscape, characterised by a rapidly evolving, youthful, and digitally savvy population.

30 May 2024 - By BI Africa Contributor: Chinecherem Nduka