Business

29 February 2024 - Peter Obi, the presidential candidate of the Labour Party in the last general election, has criticized the recent increase of the Monetary Policy Rate (MPR) to 22.5% and the Cash Reserve Ratio (CRR) to 45%, arguing that the move will adversely…

29 February 2024 - Fly540 is embroiled in a dispute with Finejet over a debt arising from the supply of jet fuel.

29 February 2024 - KDIC this week closed bids for a consultant who will review the funds' coverage limit.

29 February 2024 - East African Portland Cement Company was helped by a higher tax credit and reduced expenses to narrow the losses.

29 February 2024 - NAIROBI, Kenya, Feb 29 – African Originals, a craft spirits brand, has introduced The Mara Edition Gin, which celebrates the rich heritage and natural splendor of Kenya’s Northern Mara region. Inspired by the Maasai Mara community, it embodies…

29 February 2024 - OTTAWA, Feb. 28 (Xinhua) — The Canadian federal government announced Wednesday an agreement to support the development of Canada’s first commercial-scale green hydrogen and ammonia facility in Newfoundland and Labrador. Global Affairs Canada said…

29 February 2024 - NAIROBI, Kenya, Feb 29 – The Government of Kenya and ATIDI, the African Trade Insurance Agency, have signed the Regional Liquidity Support Facility (RLSF) agreement, where the two entities will collaborate to identify, develop, and implement…

29 February 2024 - NAIROBI, Kenya, Feb 29 – Attorney General (AG) Justin Muturi has warned the Kenya Revenue Authority (KRA) against deducting the controversial Housing Levy after it was declared unconstitutional. In a letter addressed to KRA Commissioner General…

29 February 2024 - KenGen's drop in net earnings was on the back of operating expenses and tax bill increasing.

29 February 2024 - Internal privacy experts worried that not having a corporate records retention policy could violate U.S. and EU laws. Years later, the company still doesn’t have one. TikTok’s parent company ByteDance may have broken laws in the U.S. and EU because…

29 February 2024 - The imperative for African countries to embrace adventure is not merely a matter of choice but a strategic necessity. By cultivating a spirit of boldness, innovation, and resilience, these nations can unlock new opportunities, overcome challenges,…

29 February 2024 - Manufacturer says sharp depreciation of the Kenyan shilling caused major foreign currency exchange losses.

29 February 2024 - Odibets continued its Corporate Social Responsibility (CSR) initiatives on Wednesday, February 28, by helping St Joseph Girls National School in Chepterit Nandi County. The betting company under its Odi Mtaani Initiative announced the drilling of a…

29 February 2024 - NAIROBI, Kenya, Feb 29 – Kenya’s livestock sector continues to attract attention from investors despite significant financial hurdles. A study conducted by the International Livestock Research Institute (ILRI) has revealed thatdemand for livestock…

29 February 2024 - The Kenya Industrial Property Institute (KIPI) showcased its dedication to fostering a robust innovation ecosystem at the 2nd Homa Bay International Investment Conference (HOBIIC) 2024, held at Tom Mboya University. The crucial engagement…

29 February 2024 - RIO DE JANEIRO, Feb. 28 (Xinhua) — In 2023, a record 3,218 average megawatts (MW) were generated from biomass in Brazil, constituting 4.6 percent of the year’s total energy consumption, the Ministry of Mines and Energy said Tuesday. “We are working…

29 February 2024 - The Sacco Societies Regulatory Authority licensed 175 Saccos to undertake deposit-taking business in Kenya in 2023.

29 February 2024 - NAIROBI, Kenya, Feb 29 – Kenya Electricity Generating Company (KenGen) profit after tax dropped by 9.2 percent to Sh2.9 billion in the six months to December last year, weighed down by increased tax expenses and foreign exchange losses. This was a…

29 February 2024 - Nigerian authorities have reportedly detained two high-profile Binance executives as part of the government's intensified efforts to stabilise the nation’s foreign exchange market and salvage the value of the local currency.

29 February 2024 - NAIROBI, Kenya, Feb 29 – E-gaming in Africa continues to defy odds after it recorded an increase in the number of players to 186 million. The rise of the African gaming industry, which is expected to be worth $1 billion in 2024, is fueled by…

29 February 2024 - The enduring bond between Nigeria and the UK is exemplified in their robust trade partnership, marking a collaborative effort towards mutual advancement. Diverse sectors including oil, gas, agriculture, and finance witness active bilateral trade…

29 February 2024 - Kenyan borrowers are increasingly turning to survival loans to meet pressing needs such as food and rent.

29 February 2024 - NAIROBI, Feb. 27 (Xinhua) — Ministers in charge of electricity from Eastern African countries started a three-day meeting in Nairobi, the capital of Kenya, on Tuesday to promote regional trade in electricity. The 18th Eastern Africa Power Pool (…

29 February 2024 - NEW YORK, Feb. 28 (Xinhua) — U.S. inflation would be back to the target set by the Federal Reserve by the end of 2024, said Mark Zandi, chief economist with Moody’s Analytics on Wednesday. Speaking at an online briefing, Zandi said U.S. inflation…

29 February 2024 - The Ecosystem Award Winner, uniquely chosen by a democratic voting system, went to Agrosahas International Private Ltd., an Agri enterprise from Uganda that aids 10,000 Ugandan farmers through their proprietary tech-driven platform.

29 February 2024 - NAIROBI, Kenya, Feb 29 – The Government of Zanzibar has welcomed the impending debut of the Jambojet’s flight linking Mombasa and Zanzibar. The Indian Ocean Island Minister of Infrastructure, Communication, and Transport, Khalid Salum Mohamed, said…

29 February 2024 - Coffee auction activities increased this week at the Nairobi Coffee Exchange (NCE) following the delivery of 30,162 bags of the commodity for the market.

29 February 2024 - Most experts agree that the birth of modern currencies can be traced to the global abandonment of the gold standard.

29 February 2024 - Linturi has said that his ministry is in the process of drafting regulations to provide for the management of weighbridges to ensure fairness in sugarcane weighing.

29 February 2024 - The project which commenced in 2015 faced delays mainly caused by compensation.

29 February 2024 - WEF attributes development to the fast growing AI which is potentially increasing number of attacks

29 February 2024 - Policyholders’ claims, also known as non-liability claims, have surged by a third from Sh29.73 billion.

29 February 2024 - Kenyan borrowers are increasingly turning to survival loans to meet pressing needs such as food and rent.

29 February 2024 - Policyholders’ claims, also known as non-liability claims, have surged by a third from Sh29.73 billion.

29 February 2024 - The Treasury borrowed Sh223.5 billion in the four months to January from 11 new loans.

29 February 2024 - Three sectors accounted for 54 percent of net credit advanced by commercial banks to the private sector.

29 February 2024 - Attorney-General Justin Muturi has cautioned KRA against continuing to collect the controversial affordable housing levy.

29 February 2024 - Cash outside of banks rose to an all-time high of Sh282.1 billion in December last year.

29 February 2024 - Annahbless Kithome says she was coerced by her father to pursue a biochemistry course against her will.

29 February 2024 - The shilling could slide to more than 160 units against the US dollar in the coming months.

29 February 2024 - Mauritius is yet to ratify the double tax deal with Kenya.

29 February 2024 - Independent power producers (IPPs) could sell electricity to other countries in the region.

29 February 2024 - Technology firms are investing in enhanced virtual storage facilities to cater for an expected rise in artificial intelligence (AI) tools and products.

29 February 2024 - CBK has offered a return of 16 percent on a new ten-year bond as it seeks to entice investors to take up longer-dated securities.

29 February 2024 - Says the country has to honour contract in place.

29 February 2024 - Less than half of media organisations' CEOs are optimistic that 2024 will be a good year for the industry.

29 February 2024 - In architecture, form follows function.

29 February 2024 - Nearly half of entrepreneurs and youth in Kenya who have received digital literacy training have reported a rise in income.

29 February 2024 - In the world of insurance, there's a powerful yet often unseen force that plays a pivotal role in securing consumers’ financial wellbeing: reinsurance.

29 February 2024 - From routine enquiries, one appreciates that some leaders aren’t yet sufficiently informed about the proposed annual levy on freehold land in the amendments pending enactment into law.