Business

22 May 2024 - May 22 – Kenya’s government has defended the cost of President William Ruto’s trip to the US. Reports indicate that the price of hiring the luxury private jet in which he and his delegation travelled is estimated to be $1.5m (£1.2m). “The benefits from…

22 May 2024 - The United States and Russia are competing with China, France, and South Korea to build the first nuclear power plant in Ghana.

22 May 2024 - NAIROBI, Kenya, May 22 – Coca-Cola has announced plans to increase its investment in Kenya by up to Sh23 billion ($175 million) over the next five years, assuming the corporation meets its expected growth targets in the nation. Sunil Gupta, CEO of Coca-…

22 May 2024 - The management staff claim that salary increments over the years have favoured the unionised employees who negotiate better pay packages.

22 May 2024 - LONDON, May 22 (Xinhua) — The Consumer Prices Index (CPI) of the United Kingdom rose by 2.3 percent in the 12 months to April 2024, down from 3.2 percent in March, showed official data released on Wednesday. “The annual rate in April 2024 was the lowest…

22 May 2024 - NAIROBI, Kenya, May 22 – Kenyan clothing brand Vivo has opened its first store in the United States of America (USA) as it seeks to grow its market share beyond Africa. Founded by Wandia Wachira and Anne Marie Burugu in 2011, Vivo specializes in ladies…

22 May 2024 - The president of Zimbabwe, Emmerson Mnangagwa has expressed his heartfelt condolences to the people of Iran, over the death of their leader. The Iranian President Ebrahim Raisi died after a helicopter crash in northwestern Iran. On board the helicopter…

22 May 2024 - Fanaka Real Estate Ltd, a leading real estate company based in Nairobi, has partnered with NCBA, one of Kenya's most respected banks, to streamline the financing process and make your dream home a reality.

22 May 2024 - The funding was announced during President William Ruto’s four-day visit to the US

22 May 2024 - NAIROBI, Kenya, May 22 – Lipton Teas and Infusions has withdrawn earlier plans to acquire full ownership of Limuru Tea. As the majority shareholder, owning 51.99 percent of Limuru Tea’s total issued share capital, Lipton Teas initially issued a notice…

22 May 2024 - MADRID, May 21 (Xinhua) — International tourist arrivals surged to 97 percent of pre-pandemic levels in the first quarter of 2024, with projections indicating that numbers are expected to exceed those of 2019 over the rest of the year, the UN Tourism…

22 May 2024 - NAIROBI, Kenya, May 22 – Facebook and WhatsApp stand out as the top social media platforms used in Kenya, with YouTube and TikTok following closely in popularity. According to an audience measurement and industry trends report released by the…

22 May 2024 - The amount dropped to Sh15 billion in Q3 from Sh17b in Q1 2023-24

22 May 2024 - The Chinese e-commerce sites ship the equivalent of 88 Boeing 777 freighters of cargo worldwide every day. The vast volume has sent air freight rates through the roof, but the two companies have been willing to subsidize fast shipping as they grow…

22 May 2024 - Product development and innovations are essential for companies to remain competitive, drive revenue growth, reduce costs, manage risks, enhance their reputation, and prepare for the future.

22 May 2024 - One of the major concerns in the health insurance industry is the increase in claims frequency in recent years, consequently leading to additional increases in costs.

22 May 2024 - KAMPALA, May 21 (Xinhua) — Investors in Uganda have expressed optimism about the business environment, especially in the manufacturing and wholesale trade sectors in the East African country, according to a government report released on Tuesday. The…

22 May 2024 - BRUSSELS, May 21 (Xinhua) — The Council of the European Union (EU) announced on Tuesday that ministers from EU member states have agreed to use proceeds from frozen assets of the Central Bank of Russia (CBR) to support Ukraine’s military efforts. Under…

22 May 2024 - NAIROBI, May 21 (Xinhua) — The hum of city life could be heard outside the cybercafe on the second floor of a building on Tom Mboya Street in Kenya’s capital, Nairobi. Vehicles honked, touts shouted the names of residential estates to which the cars…

22 May 2024 - KCB Group has engaged Garam Investments to auction the 78 Greatwall apartments to recover Sh1.9bn Erdemann Property borrowed to construct the houses

22 May 2024 - Uganda and Russia recently had a conversation on the security issues affecting Africa. Representatives from both countries spoke about the conflict hotspots and the likelihood of attaining a resolution to said conflicts. Russia had also engaged in a…

22 May 2024 - Manufacturers say the ripple effect will also make prices of various goods unaffordable.

22 May 2024 - Kenyan Forex traders find themselves at an interesting crossroad at the moment.

22 May 2024 - Kenyan President William Ruto is the first African leader invited for a State visit to the US in 15 years.

22 May 2024 - The government is investing Sh20 billion collected from the affordable housing levy in Treasury bills and bonds.

22 May 2024 - Kenya is yet to approve Tullow’s buyout of TotalEnergies and Africa Oil Corp in the South Lokichar oil project.

22 May 2024 - Parliament has summoned a Chinese contractor over alleged inflation of the cost of renovating KICC.

22 May 2024 - When Marundu Muturi first decided to cut wheat foods from his diet, he saw it as a short-term experiment.

22 May 2024 - Endometriosis is a painful condition where tissue similar to the lining of the uterus grows around the organs in the abdomen.

22 May 2024 - Car dealers in Mombasa plan to introduce an open-air sale day.

22 May 2024 - Households and businesses that generate renewable energy for their own use have been handed a major boost.

22 May 2024 - The quantity of wasted milk in 2023 rose to a four-year high of 290 million litres.

22 May 2024 - Eighty-five percent of those who qualified for degree programmes opt to join university.

22 May 2024 - Morgan Stanley Capital International MSCI has promoted KCB Group to the MSCI frontier markets index.

22 May 2024 - The High Court has suspended four public appointments made last week.

22 May 2024 - Equity Group borrowings fell to Sh25.4 billion in three months to the end of March 2024.

22 May 2024 - Engen and Vivo Energy combination expected to shake African market.

22 May 2024 - Foreign investors held a mere Sh834 million or a 0.2 percent share of outstanding infrastructure bonds issued.

22 May 2024 - Kenya Power and Lighting Company (KPLC) has announced a planned power outage that will affect residential and business customers in some parts of Nairobi, Migori and Siaya counties and Gitaru and Kanyariri in Kiambu on Wednesday, May 22, 2024. In all…

22 May 2024 - The Kenya Association of Air Operators has joined the growing list of sectors expressing concerns over the Finance Bill 2024.

22 May 2024 - This week, President William Ruto leads a delegation, to arguably, the most consequential state visit to the US since Independence.

22 May 2024 - Kenya's extractive sector is bracing for potential upheaval with the Local Content Bill, 2023.

22 May 2024 - UBA Kenya has received Sh37.5 billion from its parent firm for lending to small and medium-sized enterprises.

22 May 2024 - The Key lies in using selective vulnerability, rather than either blanket openness or a rudimentary closed approach.

22 May 2024 - Kenya has jumped to third place on the continent in attracting international in-person meetings.

22 May 2024 - The Public Benefit Organisations Act, popularly known as the PBO Act, will probably go down in history as the statute that in recent memory has stayed the longest in the freezer after receiving...

21 May 2024 - By starting early, they can take advantage of the power of compounding to build their wealth and give investments more time to grow.

21 May 2024 - House Committee heard that China Wu Yi failed to clear Sh674.6 million owed to local subcontractors who undertook the works.

21 May 2024 - Sportsbet.io’s team of ambassadors is expanding once again, with three new members ‘joining the crypto experience’ with the world’s favourite crypto sports betting site. The latest signings come hot on the heels of a big win from an existing Sportsbet.…

21 May 2024 - French oil major TotalEnergies has chosen Angola over Nigeria for a $6 billion energy project.