Business

04 March 2024 - Equity Bank on Monday announced instant PayPal withdrawals, down from the initial 24-hour settlement period for the lender's customers who receive payments through the international payment solutions provider.

04 March 2024 - Unit exchanged at an average of Sh143.5182 against the dollar on Friday. Development elevates newfound hopes of ending a currency crisis involving a steep decline in value.

04 March 2024 - Transsion Holdings, manufacturer and maker of Tecno phones, has emerged as the leader of smartphone sales by volume in Africa, surpassing Samsung and Apple, according to a recent report. The report by Hong Kong-based firm Counterpoint Research…

04 March 2024 - MANILA, March 4 (Xinhua) — Pacific island countries account for nine of the top 10 places in the world with the highest prevalence of obesity among women and men aged 20 and above, the World Health Organization (WHO) said Monday. In the Pacific,…

04 March 2024 - Farmers in the Northwestern region of Nigeria have paid at least N139.5 million to bandits as levies between 2020-2023.

04 March 2024 - We tell you the story of Tushop, a Nairobi-based company that is using technology to help Nairobians enjoy the convenience of having their groceries and other household items delivered to their doorsteps at lower prices that they would get from a…

04 March 2024 - With Jipange, you select the household consumables you need on a regular basis, choose your preferred delivered schedule - weekly or monthly - and get them delivered to your doorstep for no extra charge. A shopping basket is being dropped at a…

04 March 2024 - NAIROBI, Kenya, Mar 4 – The Ethics and Anti-Corruption Commission (EACC) has initiated an inquiry into bribery allegations against a Kenya Revenue Authority (KRA) officer.  According to EACC, this is after receiving a report on March 14, 2023, which…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Equity Bank has reduced the time it takes PayPal customers to withdraw funds from their wallets from a period of 24 hours to an instant. The lender says that this is aimed at providing faster settlements for millions of…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Chief Executive Officers (CEOs) in the East Africa region are cautious about global economic growth, with only 42 percent saying that the growth will improve in the next year. According to PwC’s East Africa CEO Survey, which…

04 March 2024 - NEW DELHI, March 4 (Xinhua) — Moody’s on Monday raised India’s 2024 growth estimate to 6.8 percent from 6.1 percent estimated earlier on the back of strong economic data. This comes days after India reported its economic growth rate grew to 8.4…

04 March 2024 - BRUSSELS, March 4 (Xinhua) — The European Union (EU) on Monday slapped tech giant Apple with 1.8 billion euros (about 1.95 billion U.S. dollars) of antitrust fine. Apple was fined for the alleged abuse of its dominant market position in the…

04 March 2024 - EU Parliament has called on the European Investment Bank (EIB) to tighten its accountability practices after an alleged corruption scandal in Kenya

04 March 2024 - The construction industry in Kenya is a huge market. The market was estimated at $17.3 billion in 2022 and is expected to grow by more than 5% between 2024 and 2027. Despite the tough economic times, the construction industry seems to be holding on…

04 March 2024 - Taxman barred from recruiting and appointing staff at all levels until an ethnic diversity and regional balance policy is put in place.

04 March 2024 - Ghana’s inflation for February is expected to increase, running by about 40 basis points to 23.9%. This would make it the second month in a row where inflation levels shot up. Ghana’s inflation rose in January, marking the first time it spiked in six…

04 March 2024 - Kenya Airways (KQ) has announced plans to boost its network with increased frequencies to five destinations and the addition of Eldoret and Maputo to its network.

04 March 2024 - With pollution, climate change, and population growth, water insecurity is soaring: According to water accessibility nonprofit Water.org, there are 15 million Kenyans without easy access to safe potable water, and 37 million lack basic hygiene and…

04 March 2024 - The Dutch government has informed thousands of international students who found refuge in the Netherlands following Russia’s invasion of Ukraine in 2022 to leave the country this week or risk being kicked out.

04 March 2024 - The Kenya Revenue Authority (KRA) has announced that all businesses, including those in the Informal Sector and Small Businesses, must electronically generate and transmit their invoices to KRA via the electronic Tax Invoice Management System (eTIMS).

04 March 2024 - With a growing youth population, the African continent could find itself on the path towards a bright future. However, this may only become a reality if the continent is able to provide widespread upskilling initiatives and tangible employment…

04 March 2024 - Mobile internet is a key factor in driving Africa's digital revolution. This tool has been responsible for opening up new opportunities for economic development, education, healthcare, and empowerment. With the tremendous growth in mobile penetration…

04 March 2024 - NAIROBI, Kenya, Mar 4 – The International Telecommunication Union (ITU) has appointed 12 members to the Youth Advisory Board to support the United Nations Digital Agency in advancing global connectivity. The inaugural Youth Advisory Board members…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Rose Mwaura has been appointed as the new Chief Operating Officer of the Kenya Private Sector Alliance (KEPSA). She joins from the Institution of Surveyors of Kenya (ISK), where she served as the first female CEO and Secretary…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Activists campaigning for tobacco harm reduction have warned that the Government’s planned crackdown on vapes and nicotine pouches could backfire badly in the battle to reduce the toll from smoking cigarettes. Public Health…

04 March 2024 - East Africa’s economic outlook according to a recent survey is expected to be positive. This recent survey re-iterates the projections from a few sources, including the African Development Bank and the International Monetary Fund, both of which…

04 March 2024 - NAIROBI, Kenya, Mar 4 – President William Ruto has assented to the county government’s Additional Allocations Bill, providing an extra Sh46 billion to devolved units. The Bill (now ACT) was sponsored by Senate’s Budget and Finance Committee chairman…

04 March 2024 - LONDON, United Kingdom, Mar 4 – The United Kingdom is importing and exporting significantly less than it did before it left the European Union, according to analysis by the Financial Times newspaper. The FT reached the conclusion after crunching data…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Kenya Revenue Authority (KRA) has called on Kenyans with businesses to electronically generate and transmit their invoices to the Kenya Revenue Authority (KRA) via the electronic Tax Invoice Management System (eTIMS). The…

04 March 2024 - Africa's global trade participation still stands at less than 3%, largely driven by merchandise trade in 2023, the Economic Commission for Africa (ECA) report on the assessment of progress on regional integration in Africa has said.

04 March 2024 - Back in 2019, Elon Musk made an astonishing claim for Tesla vehicles. Tesla cars, he said, would go up in value, not down, after purchase.

04 March 2024 - MANILA, March 4 (Xinhua) — The Philippines’ debt rose to 14.79 trillion pesos (roughly 263.57 billion U.S. dollars) as of end-January, a 1.19 percent increase from the total outstanding debt recorded in end-December 2023, the Philippines’ Bureau of…

04 March 2024 - VIENNA, March 3 (Xinhua) — Several OPEC+ members announced Sunday extensions of oil output cuts into the second quarter to support the “stability and balance of oil markets.” OPEC+ is an oil-producer group comprising member countries of the…

04 March 2024 - NAIROBI, Kenya, Mar 4 – Safaricom Sacco has announced an upcoming rebranding initiative after significant growth since its establishment in 2001. “Since our establishment in 2001, we have grown from a 200-membership drawn from Safaricom PLC to 18,000…

04 March 2024 - Taxpayers to settle total loans that now stand at Sh183 billion in case of default.

04 March 2024 - A second global ratings agency has retained its outlook on Kenya’s banks at ‘B’ with a negative outlook.

04 March 2024 - Kenyan CEOs are less optimistic about the growth outlook for 2024, a new report shows.

04 March 2024 - CoB has questioned the expenditure of Sh7.06 billion by county governments outside of the government payroll system.

04 March 2024 - FMR LLC is selling millions of shares held in Safaricom in protest over delays in dividend repatriation.

04 March 2024 - Treasury has announced plans to review taxation of workers’ pay to lessen the burden on low-income earners.

04 March 2024 - Treasury has announced plans to review taxation of workers’ pay to lessen the burden on low-income earners.

04 March 2024 - M-Pesa processed Sh700 million payments under the government cash transfer programme, Inua Jamii, in January.

04 March 2024 - NLC has revoked a letter that purported to allocate a multi-billion shilling land belonging to KICC.

04 March 2024 - MUA Limited has disclosed that its subsidiary in Kenya may have reported misleading books of accounts.

04 March 2024 - IFC is set to offer advisory services to Kenyan banks in a $1.5 million deal (Sh219 million) to help the lenders in climate risk mitigation.

04 March 2024 - Sugar prices reduced by 4.6 percent in February.

04 March 2024 - The value of debt taken by State corporations increased by 7.5 percent in the six months to December 2023.

04 March 2024 - Kenya is keen on mainstreaming energy efficiency away from the sustainable energy talk that has resulted in energy efficiency becoming a forgotten issue.

04 March 2024 - The effects of unpredictable weather patterns, prolonged droughts, and devastating floods have taken a toll on Kenya's agricultural sector

04 March 2024 - The top five cancers in East Africa are breast, cervical, prostate, oesophagal and colorectal cancers.