Business

20 March 2025 - NAIROBI, Kenya, Mar 20 – Absa Kenya’s profit after tax grew by Sh4.5 billion to Sh20.9 billion in the full year ending December last year, boosted by rising interest and non-interest incomes. In 2023, the lender’s net profit stood at Sh16.4 billion.…

20 March 2025 - Rwanda's gold export industry is facing a significant setback following new sanctions imposed by the European Union (EU).

20 March 2025 - Absa Bank Kenya PLC has announced improved financial results for the year ended December 31, 2024, with net earnings rising by 28% to Ksh.20.9 billion.

20 March 2025 - China Civil Engineering Construction Corp (CCECC) will invest over $1.4 billion to modernize a historic railway line connecting Zambia’s copper mines to Tanzania’s largest port.

20 March 2025 - As the first quarter of 2025 comes to a close, some African countries are still dealing with the far-reaching consequences of high diesel prices.

20 March 2025 - A Congolese ministerial committee has proposed additional measures to strengthen the temporary ban on cobalt exports, including collaboration with Indonesia, the world's second-largest supplier of the critical battery metal.

20 March 2025 - More than 50 percent of Ghanaian consumers lack awareness of their basic consumer rights, exposing them to poor service delivery, overcharging, and limited access to redress, according to a new report released by CUTS International Accra, a policy…

20 March 2025 - Several agencies in Nigeria receiving funding from foreign donors, including the now disbanded United States Agency for International Development (USAID), are facing heightened scrutiny from the country’s parliament.

20 March 2025 - The sale ends a decade-long court battle between friends-turned-foes.

20 March 2025 - NAIROBI, Kenya, Mar 20 – The Registrar of Companies has announced the official dissolution of Bobmil Industries Limited and Haleon Limited, as per Gazette Notice No. 3388, issued on February 14, 2025. The dissolution, conducted under Section 58 (5)…

20 March 2025 - DOHA, March 20 (Xinhua) — Hamad International Airport in Qatar announced Wednesday that it has opened new concourses D and E that would increase its annual passenger capacity to over 65 million and bolster efforts to become a global aviation hub.…

20 March 2025 - At his workshop in Kasarani, Ngugi Mwatha and his team are busy. This is Kaia Leather, a venture he co-founded with his wife to make different leather products, after a visit to Ethiopia.

20 March 2025 - In the previous fiscal year, 1.1 billion apps were downloaded in Sub-Saharan Africa. Also, projections show that in 2025, app usage and purchases are set to generate $1 billion in revenue for Africa.

20 March 2025 - African cities are facing escalating environmental crisis as its low-lying coastline continues to erode. Experts warn that without urgent intervention, many could be at risk of severe flooding, or even disappearing, by 2100.

20 March 2025 - The National Transport and Safety Authority (NTSA) has suspended the operations of popular matatu Sacco Super Metro over what the authority termed as non-compliance with public service vehicles...

20 March 2025 - NAIROBI, Kenya, Mar 19 – The National Transport and Safety Authority (NTSA) has suspended Super Metro’s operational license for non-compliance with traffic laws and public service vehicle (PSV) regulations. The suspension follows an inspection of 523…

20 March 2025 - OTTAWA, March 20 (Xinhua) — The surging patriotism among Canadian shoppers fuelled by trade tensions with the United States is impacting U.S. businesses in Canada, local media reported Wednesday. According to The Globe and Mail, U.S. tour operators…

20 March 2025 - NAIROBI Kenya, Mar 20 — Safaricom is set to launch the second cohort of its Spark Accelerator Program in March 21, 2025, marking a continued commitment to empowering local startups across various sectors. The second cohort will open its call for…

20 March 2025 - The halt in the Naira-for-Crude initiative by the Nigerian National Petroleum Company (NNPC) could create some complications in Nigeria energy sector, as the Dangote Refinery has not only halted sale of premium motor spirits otherwise known as petrol…

20 March 2025 - NAIROBI, March 19 (Xinhua) — A rise in attacks on ships along the Red Sea route by terror groups has disrupted the export of Kenyan tea to key markets in Europe and North Africa, the Tea Board of Kenya (TBK) said on Wednesday. The TBK said in a report…

20 March 2025 - MAR 20 – “This has been our family car for three years, and it has been an absolute dream,” says Ben Kilbey as he shows me his gleaming pearl-white Tesla Model Y. Ben is a staunch electric car advocate. He runs a communications firm that promotes…

20 March 2025 - NAIROBI, Kenya, Mar 20 – Kenyans, especially the youth, have been encouraged to join the Binance Academy to enhance their understanding of cryptocurrency. Speaking in an interview, Binance Global Chief Marketing Officer Rachel Conlan highlighted the…

20 March 2025 - Treasury report shows two-thirds of unspent allocations was on development.

19 March 2025 - Before his Comesa appointment, Dr Mabea, an energy economist and regulatory strategist, was the executive secretary of the Energy Regulators Association of East Africa based in Arusha, Tanzania.

19 March 2025 - According to Kuppet, the Sh22 billion Teachers’ Medical Scheme is on the brink of collapse, with private and rural mission hospitals suspending services due to mounting unpaid bills owed by the...

19 March 2025 - MAR 19 – The US central bank has kept interest rates unchanged for the second time in a row, while warning that economic uncertainty had increased. The decision, which was widely expected, left the Federal Reserve’s benchmark interest rate hovering…

19 March 2025 - NAIROBI, Kenya, Mar 19 – Management consulting firm European House – Ambrosetti has called for increased private sector financing to tackle climate change in Africa, stressing its crucial role in complementing public investments. Speaking at a climate…

19 March 2025 - NAIROBI, Kenya, Mar 19 – Advocate of the High Court Francis Wanjiku has called on the National Treasury to divest its 19 percent stake in KCB Group Plc, a move that could generate over Sh24 billion in value. In a letter to Treasury Cabinet Secretary…

19 March 2025 - The judge said the law contemplates damages in instances where the former ambassador demonstrates the sale was irregular.

19 March 2025 - Informal sector workers often operate on thin margins, with little disposable income to allocate to insurance premiums.

19 March 2025 - The overall cyber landscape witnessed a 27.2 percent rise in susceptibility, with total threats detected rising to 840.9 million up from 661.2 million during the quarter ended September.

19 March 2025 - NAIROBI, Kenya March 19 – Local consumer products manufacturer and distributor Tropikal Brands Afrika Ltd has launched a personal care range of products infused with natural ingredients to meet growing demand. Under a USD 3 million investment outlay,…

19 March 2025 - The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has announced the revocation of all small-scale mining licences issued after the 7 December 2024 general elections.

19 March 2025 - Working outside the purview of the law exposes tenants to abuse and exploitation.

19 March 2025 - The hotel is among the growing number of luxury establishments set up in Westlands.

19 March 2025 - As a continent with diverse economies and burgeoning markets, Africa faces unique challenges and opportunities in navigating this tumultuous trade terrain.

19 March 2025 - The dispute between the bank and the tax authority dates back to its 2019 tax filings, where it declared a corporate income tax overpayment of Sh832.9 million.

19 March 2025 - The Kenyan shilling remained stable on Wednesday compared with the previous session, with traders forecasting gains in the coming days due to expected inflows from Kenyan Diaspora.

19 March 2025 - Following in the footsteps of its fellow Alliance of Sahel State members (AES); Niger, Mali has decided also to exit the Organisation Internationale de la Francophonie (OIC).

19 March 2025 - Nairobi County topped the list in the payment of questionable legal fees and hiring of external lawyers instead of using internal legal counsels.

19 March 2025 - Residents wanted the Environment and Lands Court to issue stay orders against the judgment pending the determination of their appeal.

19 March 2025 - Thousands of South Africans, particularly white farmers, have reportedly expressed interest in seeking asylum in the United States following President Trump’s offer.

19 March 2025 - At best, boredom has been considered an unpleasant to aversive experience, and at worst, a state that evokes a deep sense of meaninglessness.

19 March 2025 - Here at home, Kenyan voters need to hold their MPs accountable by evaluating their performance and deciding whether they deserve re-election.

19 March 2025 - Senators says the government's appetite for borrowing has seen public debt balloon.

19 March 2025 - Bureaucracy in Kenya acts as a safeguard and an obstacle.

19 March 2025 - The recent peace talks between Rwandan President, Paul Kagame and Democratic Republic of Congo’s President Félix Tshisekedi offer a glimmer of hope for ending the long-standing conflict between their nations.

19 March 2025 - Proparco signed an agreement with Equity Group on Wednesday, granting technical assistance of €1 million (about Ksh.141 million) to Equity Group Foundation (EGF) for the implementation of its “Climate Resilient Agri-Food Systems (CRAFS)” project.

19 March 2025 - Fraudsters use forged documents, set up fake agencies, and even create counterfeit platforms to lure victims with unbelievably low premiums.

19 March 2025 - These Ugandan game designers and founders are holding up a mirror to society with their art. As many a traveler knows, you’re never alone if you’ve packed some cards. You could indulge in the terse isolation of solitaire, but in East Africa you can…