Business

21 May 2025 - South African President Cyril Ramaphosa has extended a fresh diplomatic overture to U.S. President Donald Trump amid renewed tensions, following a confrontational media exchange at the White House that caught Ramaphosa off guard.

21 May 2025 - With Kenyan shows gaining global traction and major platforms backing local content, Grace Kahaki is betting on “the next entertainment gold rush.”

21 May 2025 - Family Bank Kenya has announced plans to list its shares at the Nairobi Securities Exchange (NSE) in 2026.

21 May 2025 - The move comes after a multi-billion-shilling fraud was uncovered at Kuscco in which scores of individual Saccos lost all or part of their deposits.

21 May 2025 - Kenya’s economy has struggled to create quality jobs amid the surge in graduates leaving colleges and universities annually, creating a mounting pool of unemployed youths.

21 May 2025 - KCB nearly matched last year’s performance during the same period as non-interest income retreated.

21 May 2025 - The crude oil was exported to India and China and was widely expected to lead to commercial production within two years.

21 May 2025 - To business leaders: Your company’s health hinges on your people’s wellbeing - track it as closely as you do sales, because they’re linked.

21 May 2025 - Jimmy Opiyo’s ventures span from luxury face masks during the pandemic to a homegrown cocktail brand launched from his kitchen.

21 May 2025 - No doubt, Africa and Europe need each other. Europe needs Africa because with the dawn of the African Continental Free Trade Area, the continent is building the world’s largest single market of...

21 May 2025 - Antimicrobial resistance is a growing global threat, contributing to an estimated 4.9 million deaths annually.

21 May 2025 - StanChart’s loan book shrank to Sh137.8 billion from Sh153.5 billion a year earlier, resulting in a 12.6 percent drop in interest income.

21 May 2025 - A few African countries, currently, are benefiting from relatively low diesel prices, an increasingly unusual occurrence on a continent where fuel costs have skyrocketed owing to several external and internal economic factors.

21 May 2025 - Pension and insurance assets, inherently long-term in nature, are perfectly suited to finance large-scale infrastructure projects that require stable, patient capital.

21 May 2025 - At 33, Jimmy Opiyo has already lived several business lives. A telecommunications engineering and information technology graduate from Kenyatta University, Jimmy spent years working in the field...

21 May 2025 - Plastic, in its myriad forms, has infiltrated every facet of our lives, from the packaging encasing our food to the fibres in our clothes.

21 May 2025 - NAIROBI, Kenya, May 21 – Mauritian firm East Africa Growth Holdings (EAGH) has increased its shareholding in I&M Group to 15.14 percent after acquiring an extra 86.5 million ordinary shares worth Sh4.2 billion. EAGH, a special purpose vehicle backed…

21 May 2025 - MAY 21 – Access to the social media platform X has been restricted in Tanzania after some official accounts of government and private institutions were targeted by hackers. On Tuesday, the official police account was compromised, with sexually explicit…

21 May 2025 - The facility will serve as collateral for investors who will receive income.

21 May 2025 - The placebo effect occurs when a person experiences physical or mental improvement after receiving a non-therapeutic treatment.

21 May 2025 - In 2024, a group of Australian researchers (Boafo et al.) asked a pertinent question: “The race for critical minerals in Africa: A blessing or another resource curse?” The continent is abundant with natural resources, but this has often been to our…

21 May 2025 - MAY 21 – The Horn of Africa is poised to benefit from a surge in blue economy investments, as regional and international players turn their attention to the vast, underexploited potential of the area’s coastal waters. Among the most significant of these…

21 May 2025 - By Dr. Hosea Kili MAY 21 – Public-Private Partnerships (PPPs) are a transformative mechanism for financing critical infrastructure and public services, harnessing private sector expertise and capital to accelerate national development. Since 2013, Kenya…

21 May 2025 - After September, goods may be subjected to one of two non-preferential tariff systems, or the State can opt for a bilateral deal.

21 May 2025 - Initially, the government budgeted Sh1 billion for the project.

21 May 2025 - MAY 21 – Flying home from his Gulf trip last week, President Donald Trump told reporters “that was a great four days, historic four days”. Visiting Saudi Arabia, Qatar and the United Arab Emirates (UAE), he added in this trademark swagger that “the jobs…

21 May 2025 - NAIROBI, Kenya, May 21 – Family Bank Group has posted a net profit of Sh1.05 billion in the first quarter of this year, a slight improvement from Sh910 million earned during a similar period in 2024. Improved Q1 (January to March) performance is…

21 May 2025 - Both firms blamed the expected profit drop on local market oversupply after a major Kenyan tea buyer exited late last year.

21 May 2025 - Africa’s startup ecosystem has experienced a profound transformation in recent years, propelled by innovation, increased investment, and the rapid expansion of the digital economy.

21 May 2025 - In an interview with Money254, Pancras Karema narrated his 10-year journey of building Expeditions Masai Safaris since inception while at the university and with no capital, navigating the Covid-19 curveball and eventually running a company worth 'tens…

21 May 2025 - Several African countries have resorted to borrowing in order to satisfy their financial obligations as they work toward ambitious development objectives. This could lead to an unsustainable general government debt if handled poorly, however some…

21 May 2025 - The fund risks losing between Sh5 billion and Sh6.3 billion after nearly 10 million Kenyans defaulted.

21 May 2025 - Social media users in Tanzania may have faced restricted access to the X platform (formerly known as Twitter) following the administration’s decision to shut down the service.

21 May 2025 - NAIROBI, Kenya, May 21 – The Capital Markets Authority (CMA) has licensed three new corporate trustees to bolster oversight in Kenya’s expanding Collective Investment Schemes (CIS) market, now valued at over Sh400 billion. The newly approved trustees…

21 May 2025 - NAIROBI, Kenya, May 21 – Kenya Power has received the go-ahead to finalize a Sh1.2 billion transformer procurement, following a ruling by the Public Procurement Administrative Review Board (PPARB) that dismissed objections from two local manufacturers.…

21 May 2025 - MAY 21 – Millions of shoppers could get up to £70 each after a tribunal approved a settlement in a lawsuit against Mastercard which stemmed from historic fees levied on businesses by the card provider. The decision comes after a long-running legal case…

21 May 2025 - MAY 21 – The Spanish government has called for the removal of the listings of nearly 66,000 properties on rental platform Airbnb on the grounds that they breach regulations for tourist accommodation. The clampdown comes as protests against over-tourism…

21 May 2025 - NAIROBI, Kenya, May 21 – The Public Service Commission (PSC) has directed all public bodies under its mandate to begin paying non-practice and prosecutorial/special legal allowances to eligible Advocates of the High Court working in the public service,…

21 May 2025 - Philanthropy is becoming an increasingly powerful force in Africa, with African billionaires taking the lead in addressing critical developmental challenges.

21 May 2025 - NAIROBI, Kenya, May 21 – Safaricom has unveiled a revamped suite of business credit solutions designed to improve access to financing for micro, small, and medium enterprises (MSMEs) across Kenya. In collaboration with financial institutions, the telco…

21 May 2025 - NAIROBI, May 21 (Xinhua) — Revenue from Kenya’s tea exports fell by 20 percent in the first quarter (Q1) of 2025 due to lower shipment volumes, the Kenya National Bureau of Statistics said Tuesday. The country earned 46.07 billion Kenyan shillings (…

21 May 2025 - MAY 21 – Billionaire Elon Musk has said he expects to dial back his political donations, a major shift from the figure who shook up the 2024 election as a top donor to President Donald Trump. Musk, who ultimately spent more than $250m (£187m) in support…

21 May 2025 -   MAY 21 – The boss of one of the UK’s biggest banks has said the threat of cyber-attacks “keeps me awake at night”. Ian Stuart, the CEO of HSBC UK, said cyber-security was “top of the agenda” for his banking group, and dealing with IT vulnerabilities…

21 May 2025 - While speed can increase the severity of an accident, it is very rarely the root cause of them.

21 May 2025 - Recent reports indicate that a U.S court has ruled in favor of the deportation of 12 South Asian migrants to South Sudan. As a result, US immigration officers have begun enforcing the order.

21 May 2025 - ZURICH, Switzerland, May 21 – The global Internet Computer Protocol (ICP) community is set to converge in Zurich on June 3, 2025, for the World Computer Summit, marking the protocol’s fourth anniversary and exploring how decentralized technologies like…

21 May 2025 - You should always remove the negative terminal first when disconnecting and replace the positive terminal first when reconnecting.

21 May 2025 - MAY 21 – If you are active in the Kenyan blockchain and tech scene, you have probably heard her name, or even been inspired by her work. Yvonne Kagondu is widely regarded as Kenya’s most influential woman in blockchain. She’s a bold advocate for Web3…

21 May 2025 - Chinese home appliance giant Haier is ramping up its presence in Kenya through an aggressive expansion strategy centred on retail partnerships and locally tailored products.

21 May 2025 - Nigerian fuel traders say they are having trouble getting gasoline from the state-owned Port Harcourt and Warri refineries, although these plants were declared ready six months ago.