Business

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.

21 May 2024 - The milestone speaks for itself: it’s the 10th anniversary of FORBES AFRICA’S 30 under 30 list, and just like the honorees who have come before them, the class of 2024 too are driven by impact. Profits aside, it’s about achieving success with innovation…

21 May 2024 - The government in partnership with the European Union has launched the Green Resilient Electricity System Programme for Kenya, with the support of Global Gateway.

21 May 2024 - It is not written for the ordinary citizen despite the rising literacy levels.

21 May 2024 - The bill stood at Sh626b last year compared to Sh628b in 2022.

21 May 2024 - President Biden and US First Lady Jill Biden will host President Ruto and First Lady Rachel Ruto on Thursday at the White House.

21 May 2024 - Jobs created in 2023 were 31,500 more than what was created between 2021 and 2022 during the last term of President Uhuru Kenyatta.

21 May 2024 - Africa faces a myriad of security challenges that require the procurement and development of modern military weapons. From domestic conflicts and terrorism to maritime security and border control, the necessity for a well-equipped military is greater…

21 May 2024 - The funds will be part of the addition of Sh7.25 billion the department is asking from Exchequer

21 May 2024 - Vegetable farmers from Kinungi, Nakuru county have warned of acute shortage of fresh vegetables in the coming months due to the effects of ongoing heavy rains.

21 May 2024 - So far the country has successfully reduced its budget deficit to 4.4 percent.

21 May 2024 - The financial sector in Africa has faced several challenges in recent years, marked by economic turbulence, political instability, and external shocks. Banks have had to navigate through several economic difficulties, including currency volatility,…

21 May 2024 - The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the benchmark interest rate by 150 basis points, from 24.75% to 26.25 per cent, in response to escalating inflationary pressures.

21 May 2024 - Kenya Power last month announced a 13.7 per cent drop.

21 May 2024 - NAIROBI, Kenya, May 21 – Agriculture and Livestock Development Principal Secretary Paul Rono has called for a renewed focus on the Comprehensive Africa Agriculture Development Programme (CAADP). Speaking at a three-day stakeholder engagement, Rono…

21 May 2024 - The International Congress and Convention Association (ICCA) has released its 2024 ranking for the most popular destination for important meetings in 2023. The ranking, released on May 13, 2024, recognised South Africa as the most popular destination…

21 May 2024 - Kenya Airways says widespread flight cancellations and delays is hurting its sales.

21 May 2024 - NAIROBI, Kenya, May 21 – Trade and Investments Cabinet Secretary (CS) Rebecca Miano has ordered the Kenya National Trading Corporation (KNTC) to develop new reforms within 90 days that will help stabilize the prices of essential household items. “I have…

21 May 2024 - NAIROBI, Kenya, May 21 – Valor Hospitality, an American-based global hospitality management firm, has ventured into Kenya. Apart from Kenya’s TUI Blue Watamu in Kilifi County, the firm has also signed Zanzibar’s first Canopy by Hilton. The TUI Blue…

21 May 2024 - BRUSSELS, May 21 (Xinhua) — The European Council announced on Tuesday that ministers from the European Union (EU) member states have given their final approval to the bloc’s artificial intelligence (AI) act. The AI Act has adopted a risk-based approach…

21 May 2024 - NAIROBI, Kenya, May 21 – Clothes exported from Kenya to the United States of America (USA) dropped by Sh5.9 billion to Sh50.8 billion last year, eaten by the global recession and slowdown in the US market. Data from the Kenya National Bureau of…

21 May 2024 - NAIROBI, Kenya, May 21 – Joe Levy has been confirmed as the CEO of Sophos, a global company that offers cybersecurity services. Levy, who has been acting in this capacity since February 15, has also picked Jim Dildine as the new chief financial officer…

21 May 2024 - The government will strengthen monitoring systems to check the compliance standards for the documentation of mineral exports and imports at the port of Mombasa.

21 May 2024 - This year’s ranking is an improvement from the ninth place in 2022.

21 May 2024 - Notably, the unemployment segment lacks close to Sh75.5 billion (0.5% of GDP)

21 May 2024 - The AFSH Summit endorsed a 10-year action plan for Fertilizer and Soil Health.

21 May 2024 - A paedophile from Nakuru will begin serving a 320-year jail sentence for blackmailing a string of vulnerable victims, defiling three, and sexually assaulting two others after his appeal failed. Having pleaded guilty to the sexual offences on September…

21 May 2024 - Kenya has developed a Quality Policy to guide local enterprises into entrenching sustainable quality improvement practices in order to enhance their competitiveness at overseas markets.

21 May 2024 - The Duke and Duchess of Sussex Prince Harry and Meghan Markle made known the most precious gift they received from Nigeria. The royal couple recently visited Nigeria where they spent 3 days connecting with the people and their way of life. Having…

21 May 2024 - U.S. President Joe Biden will host Kenyan President William Ruto this week for extensive discussions expected to cover debt relief for Kenya and the future of Haiti, Ukraine, Sudan, and other regions.

21 May 2024 - Treasury CS wants the taxman to get at least 20 per cent of the monies it collects from the import declaration fees.

21 May 2024 - The fintech solution empowers African businesses by aggregating fast and seamless financial services in one platform.

21 May 2024 - The number of centi-dollar millionaires in Kenya now climbs to 16.

21 May 2024 - NAIROBI, Kenya May 21 – The Kenya Association of Air Operators (KAAO) now says the proposed deletion of certain Value Added Tax (VAT) exemptions in the 2024 Finance Bill will impede growth and investment in the sector. According to the association, the…

21 May 2024 - NAIROBI, Kenya, May 21 – A total of 18 Kenyan students have left the country for China to participate in this year’s Huawei ICT Competition Global Final in Beijing. The challenge attracted more than 120,000 students from 2,000 universities and colleges…

21 May 2024 - NAIROBI, Kenya, May 21 – Subscribers of mobile money decreased from Sh38.6 million in 2022 to 38.0 million in 2023, indicating a shift in consumer behavior on patterns of making payments due to the hiked fees imposed on mobile money transactions. The…

21 May 2024 - BERLIN, May 21 (Xinhua) — Up to 50 percent of the world’s rangelands are degraded, endangering food security and the wellbeing of billions, warned the UN Convention to Combat Desertification (UNCCD) in a report on Tuesday. Rangelands constitute 54…

21 May 2024 - A spokesperson of US embassy in Nairobi has said.

21 May 2024 - By Ali Hajji Adam and Mekdes Daba NAIROBI, Kenya, May 21 – Global progress on improving maternal, newborn, and child survival has stalled. Many regions of the world continue to experience persistently high rates of maternal and child mortality, and…

21 May 2024 - TOPLINE Saudi Arabia is set to sponsor the Women’s Tennis Association’s rankings for the next five years in the third major tennis deal to be struck in the Kingdom this year, as the country continues its high-dollar push into the world of sports that…

21 May 2024 - A spokesman for the Democratic Republic of Congo (DRC) army announced that the leader of an attempted coup on Sunday has been killed, and about 50 individuals, including three American citizens, have been arrested in connection with the plot.

21 May 2024 - In a resounding victory for creativity and innovation, Ringier Ghana has emerged triumphant at the prestigious Pitcher Awards, clinching five coveted awards for its groundbreaking 'Mekakrawa' campaign in partnership with Prudential Life Insurance.

21 May 2024 - NAIROBI, Kenya, May 21 – The Central Bank of Kenya (CBK) has issued additional regulatory approval to LemFi to offer remittance services in Kenya. RightCard, which operates under the name LemFi, says that the approval now allows it to partner with local…

21 May 2024 - NAIROBI, Kenya, May 21 – Passport issuance in Kenya last year dropped by 5.2 percent, coming on the back of printing machine breakdowns that impacted production. The latest Kenya National Bureau of Statistics (KNBS) report shows that a total of 404,028…

21 May 2024 - ST. PETERSBURG, May 20 (Xinhua) — Russia has decided to suspend the ban on gasoline exports introduced earlier this year, the government said in a statement on Monday night. According to the statement, the Russian government has temporarily allowed fuel…

21 May 2024 - Two of Nigeria’s most prominent unions have threatened the government with massive protests if their demands are not met. They made their frustrations known after a joint meeting on Monday, concluding that their request must be adhered to before the end…