Business

05 March 2024 - The raised dividend per share will see shareholders pocket a total of Sh6.07 billion or 49.9 percent of the net earnings.

05 March 2024 - Aliko Dangote, Africa’s richest man is looking to set up an oil trading arm, probably based in London, to operate the crude and product supplies for his new refinery in Lagos, Nigeria. This move is to ensure that Dangote has full autonomy over the…

05 March 2024 - The private sector has posted expansion in business deals, prompting companies to raise output to deliver the orders.

05 March 2024 - Consumers have had to cope with food prices by meal planning or buying in bulk to save money.

05 March 2024 - Ms Lorraine Otieno, in a YouTube interview, encourages Kenyans to apply for remote jobs due to their flexibility.

05 March 2024 - GABORONE, March 5 (Xinhua) — Botswana will soon engage Kenya to lobby for the exemption of its citizens from the East African country’s electronic Travel Authorization (eTA) requirement. Botswanan President Mokgweetsi Masisi said on Monday that the…

05 March 2024 - Bee venom is a colourless, acidic liquid that is produced by honeybees.

05 March 2024 - NAIROBI, Kenya, Mar 5 – Britam General Insurance has tapped into artificial intelligence (AI) to cut 20 percent of motor insurance costs for drivers. The Motomatics cover, which is covered by AiCare Telematic Ltd., slashes premiums paid by motorists…

05 March 2024 - NAIROBI, Kenya, Mar 5 – Vehicle manufactures Isuzu East Africa has won the UD Trucks distributorship deal, giving the company selling rights to the Japanese heavy vehicles locally. After the signing of the agreement today, production, sales, and after…

05 March 2024 - NAIROBI, Kenya, Mar 5 – The Ethics and Anti-Corruption Commission (EACC) has initiated an inquiry into irregular tender awards and embezzlement of funds allegations against Bomas of Kenya (BoK). EACC had received an allegation that the BoK had…

05 March 2024 - Binance, a leading global cryptocurrency exchange has announced the discontinuation of all services in Nigeria involving the local fiat currency, the Nigerian naira (NGN).

05 March 2024 - NAIROBI, Kenya, Mar 5 – Del Monte Kenya has sought security services from G4S Kenya Limited after allegations of violence by its guards. The collaboration follows recommendations from a recent Human Rights Impact Assessment (HRIA) endorsing the…

05 March 2024 - As a tech savvy company, the theme resonates deeply with Vaspro expertise, seamlessly weaving together technology and the crucial cause of conservation.

05 March 2024 - The use of skin-whitening creams and injections has become increasingly popular among West African women, who aspire to lighten their skin tone to appear as white as Europeans. In many parts of West Africa, having a lighter skin tone is associated…

05 March 2024 - In Kenya, where the cost of living is rising, a side hustle can provide financial security and independence.

05 March 2024 - Kenya Revenue Authority (KRA) would has reiterated that businesspeople including those in the informal sector and small businesses are required to electronically generate and transmit invoices via the electronic Tax Invoice Management System - eTIMS.

05 March 2024 - Auditor General flagged the CAJ for not being able to provide proof of foreign and domestic travel and meetings.

05 March 2024 - Auditor General flagged the CAJ for not being able to provide proof of foreign and domestic travel and meetings.

05 March 2024 - TOPLINE Drinking more than 67 ounces of sugary or artificially sweetened beverages a week may increase the risk of developing atrial fibrillation—an irregular heartbeat—but organic fruit juices without added sugar may decrease this risk, according to…

05 March 2024 - PSRA Chief Executive Officer Fazul Mohamed said that the blacklisted companies had breached four regulations as guided by the Private Security Regulation Act No. 13 of 2016.

05 March 2024 - The proposition by the government of the United Kingdom under the current Prime Minister; Rishi Sunak, to assert Rwanda as a country safe for asylum seekers recently suffered a significant push back. The BBC reported that the UK government has…

05 March 2024 - The aviation regulator says the investigation will seek to unravel the cause of the crash between a Safarilink plane and a 99 Flying Club aircraft.

05 March 2024 - NAIROBI, Kenya, Mar 5 – A total of 50 primary schools in Kenya will be connected to the internet through a deal between Airtel Kenya and ATC Kenya. The project, which will initially be rolled out as a pilot project at 10 learning institutions,…

05 March 2024 - The taxman has launched the system at a time when its plans to expand the tax bracket to the informal sector have come under scrutiny. 

05 March 2024 - The National Treasury expects the country’s overall debt to peak at Sh13.19 trillion by June 30, 2027.

05 March 2024 - COLOMBO, March 5 (Xinhua) — Sri Lanka’s cabinet has approved a proposal to absorb SriLankan Airlines’ outstanding debt of 510 million U.S. dollars by the government, a minister said on Tuesday. Minister of Ports, Shipping and Aviation Nimal Siripala…

05 March 2024 - The government has little or outdated information about certain sectors in the country.

05 March 2024 - NAIROBI, Kenya, Mar 5 – Kenya Civil Aviation Authority (KCCA) has opened an investigation to ascertain the cause of an aircraft accident involving a Cessna aircraft belonging to Ninety-Nines Flying School and a Dash 8 belonging to Safarilink Aviation…

05 March 2024 - NAIROBI, Kenya, Mar 5 – Kenya’s private sector activity rose to the highest level in over a year last month on the back of cooling inflationary pressure as well as an increase in new orders. The latest data from the Stanbic Bank Kenya Purchasing…

05 March 2024 - Equity Bank will now offer a faster PayPal withdrawals for millions of customers who receive payments through the international payment solutions provider after it announced the enhancement of PayPal withdrawals from the initial 24-hour withdrawal…

05 March 2024 - Kenyan Toothpick Company Ltd emerged as the overall winner.

05 March 2024 - Several African nations saw an increase in fuel prices over the last year. 2023 and by extension, the beginning of the new year presented major budgetary issues for most parts of Africa, including its largest economies. Food and energy prices,…

05 March 2024 - All 39 passengers and five crew on board the Safarilink aircraft were evacuated safely.

05 March 2024 - Money Market Funds (MMFs) are investments where investors pool their money into a fund and invest in short-term, low-risk securities that range between one day and one year. MMFs are a great investment for small investors as well as large investors.…

05 March 2024 - All 39 passengers and five crew on board the Safarilink aircraft were evacuated safely.

05 March 2024 - 40 per cent of the unsold produce is 24 months old in the warehouses. Factories are now seeking a direct sale window to offload the produce at the current market rates.

05 March 2024 - An estimated 70 per cent of financial crimes in Nigeria can be traced back to the banking sector. The banking sector is increasingly becoming a cesspool of fraudulent activities and this is raising considerable challenge and concerns to the Economic…

05 March 2024 - NAIROBI, Kenya, Mar 5 – World Animal Protection (WAP) has launched the ‘Wildlife Not Profit’ campaign, advocating for an end to wildlife farming and urging governments to take immediate action. This is after a recent report exposed the widespread…

05 March 2024 - TOKYO, March 5 (Xinhua) — About 10 percent of Japan’s local governments will not be able to fully migrate their data systems to the central government’s cloud service by the end of fiscal 2025, digital transformation minister Taro Kono said Tuesday.…

05 March 2024 - NAIROBI, Kenya, Mar 5 – The Ethics and Anti-Corruption Commission (EACC) has launched investigations into procurement irregularities against the managing director of Tanathi Water Works Development Agency (TAWWDA). Through a gazette notice, EACC noted…

05 March 2024 - President Emmerson Mnangagwa of Zimbabwe has been sanctioned by the United States. Allegations of corruption serve as the basis for the sanctions on the Zimbabwean leader. The US’s sanction on the Zimbabwean leader is part of an ongoing program that…

05 March 2024 - President Nana Akufo-Addo of Ghana has said an anti-LGBTQ bill passed by Ghana's parliament last week, which could derail international aid for the West African country if it becomes law according to an internal government memo, has not yet reached…

05 March 2024 - ROME, March 4 (Xinhua) — The percentage of the overweight population is slowly on the rise in Italy, especially in the poorer southern region, according to the latest data released Monday by the country’s High Institute for Health (ISS). Italy has…

05 March 2024 - LOS ANGELES, March 4 (Xinhua) — Participants in a U.S.-China Green Port and Low-Carbon meeting have called for stronger port cooperation between the two countries to jointly promote carbon emissions reduction and sustainable port operations.…

05 March 2024 - MOMBASA, Kenya, March 4 (Xinhua) — Kenya received 430 wagons from China Monday to enhance freight operations on its railway network nationwide. The batch includes 230 wagons designed for the Chinese-built Standard Gauge Railway (SGR) line and 200…

05 March 2024 - Polygamous men will start getting medical cover for all their wives and declared children at no extra cost.

05 March 2024 - The taxman has launched the system at a time when its plans to expand the tax bracket to the informal sector have come under scrutiny. 

05 March 2024 - As urban living expands, young professionals are flocking to Nairobi’s environs such as Ruaka.

05 March 2024 - Base Titanium has set aside Sh1.1 billion to compensate hundreds of workers set to be laid off.

05 March 2024 - The Treasury says overall public debt still carries higher risks of distress.