Business

08 May 2025 - 'To build the infrastructure, required about Sh80 billion. If we only went through the Treasury, we could not even have achieved it by now.'

08 May 2025 - The first time I was at The Alchemist was in December years ago for a Ferre Gola concert, which I enjoyed thoroughly.

08 May 2025 - By excluding interest, taxes, depreciation, and amortization, EBITDA offers a skewed view that overlooks key elements of a company’s financial health.

08 May 2025 - A recent report has revealed that the East African Community (EAC) posted an astounding 5.4% economic growth in 2024, indicating a robust recovery and resilience in the face of global and regional economic concerns. Top 5 countries within the East…

08 May 2025 - A good starting point in developing strong AI foundational skills is implementing the coding and computer programming syllabus in all public schools.

08 May 2025 - Mali owes over $94 million to the agency managing a key hydroelectric dam that also supplies power to Senegal and Mauritania. The funding shortfall threatens the continued operation of the dam, raising fears of worsening power outages in Mali.

08 May 2025 - When we celebrate job growth in the informal sector, its a tactic to absolve the political elite from responsibility of failure to create decent jobs to the youth.

08 May 2025 - The most successful SEZs are not just cutting red tape, they’re building dense ecosystems of entrepreneurs, researchers, product designers, data scientists, and yes, even regulators.

08 May 2025 - Ghana’s consumer inflation has continued its downward trend for the fourth straight month, falling to 21.2% in April 2025 from 22.4% in March, according to the latest data from the Ghana Statistical Service (GSS).

08 May 2025 - The bonds were sold against a background of falling yields on securities following the recent cuts in the Central Bank rate (CBR) from 13 percent in August 2024 to 10 percent in April.

08 May 2025 - When average real pay decreases from Sh62,256 in 2020 to Sh55,451 in 2024, this isn’t merely a distant macro indicator, it directly impacts access to rights-based essentials like food, shelter...

08 May 2025 - MAY 8 – Downing Street says Prime Minister Sir Keir Starmer will make an announcement about a deal with the US on tariffs later today. “The Prime Minister will always act in Britain’s national interest – for workers, for business, for families,” a No10…

08 May 2025 - NAIROBI, Kenya, May 8 – The 2025 Finance Bill’s proposal to remove VAT exemptions for select sectors could hamper Kenya’s economic recovery and industrial growth, tax experts at Ernst & Young (EY) have warned. The advisory firm says levying the…

08 May 2025 - Bill Gates, worth $108 billion, expects his foundation to spend around $200 billion by 2045, depending on markets and inflation.

08 May 2025 - Recurrent spending is expected to reach Sh62.96 billion, up from Sh59.58 billion in the previous year.

08 May 2025 - The Finance Bill, 2025, seeks to raise the minimum daily travel allowance employees get, commonly known as per diem, exempt from taxation under the Income Tax Act.

08 May 2025 - The number of newly registered vehicles in Kenya significantly dropped in 2024, the latest Economic Survey report has noted.

08 May 2025 - In Africa, a handful of countries split their functions across multiple capital cities for political, historical, or economic reasons.

08 May 2025 - Foreign participation dropped from 46.22 percent in January to 31.03 percent in March due to the impact of the US tariff announcement.

08 May 2025 - The South African government has announced plans to release new regulations for cannabis use following the backlash against its earlier decision to ban the product.

08 May 2025 -   NAIROBI, Kenya, May 8 – The 2025 East Africa Property Investment (EAPI) Summit opened Wednesday in Nairobi with renewed focus on real estate financing, regional economic recovery, and geopolitical shifts shaping investor sentiment. Held under the…

08 May 2025 - NAIROBI, Kenya, May 8 – Stakeholders in the startup ecosystem have called on successful entrepreneurs to pass on the knowledge and experience they have gained to new founders, to ensure the sustainable growth of the country’s start ups. According to…

08 May 2025 - Tanzania has formally prohibited the use of foreign currencies, including the US dollar, for all domestic transactions.

08 May 2025 - MAY 8 – The US central bank has warned that President Donald Trump’s tariffs have created “so much uncertainty” that it is unsure what to do about interest rates. The Federal Reserve announced on Wednesday it would keep interest rates unchanged, despite…

08 May 2025 - NAIROBI, Kenya, May 8 – Airtel Kenya has rolled out a new artificial intelligence (AI)-powered spam detection system designed to protect its mobile subscribers from fraudulent and unsolicited SMS messages. The service, which is available at no extra…

08 May 2025 - MAY 8 – Foxconn, the maker of Apple’s iPhones, has announced plans to produce electric vehicles (EV) for Japanese car giant Mitsubishi Motors. Under the agreement in principle, a Foxconn joint venture will design and build cars in Taiwan for Mitsubishi…

08 May 2025 - NAIROBI, Kenya, May 8 — Kenya is grappling with a Sh1.36 billion ($10.5 million) funding gap for compensating victims of human-wildlife conflict, as the government rolls out a 19-day national awareness campaign to mobilize resources. Tourism and…

08 May 2025 - Bamboo could be Kenya’s next big cash crop, if infrastructure catches up.

08 May 2025 - NAIROBI, Kenya, May 8 – VFS Global is partnering with enterprise software firm SAP SE to develop AI-powered digital tools aimed at improving cross-border mobility and citizen services for governments and diplomatic missions globally. The move sees VFS…

08 May 2025 - Turkey has made a significant breakthrough in its energy exploration efforts in East Africa, announcing that two of the three oil blocks it operates in the region have yielded commercially viable reserves.

08 May 2025 - The government of Kenya has a broad-based implicit policy on creating employment for its people that focusses at both the formal and informal sectors.

08 May 2025 - According to a recent survey, Kenyans are reporting less crime to the police, highlighting a significant disconnect between the people and the law.

08 May 2025 - Topline The papal conclave begins at the Vatican Wednesday, the secretive process by which cardinals seclude themselves for what could be several days as they elect a new leader for the Catholic Church, weeks after the death of Pope Francis. Key Facts…

08 May 2025 - The plan by the United States government to deport migrants to Libya has been temporarily halted by a Boston judge.

08 May 2025 - NAIROBI, Kenya, Apr 8 – The government is considering amendments to the Cyber Crime Act in a bid to combat the growing spread of misinformation online, Government Spokesperson Isaac Mwaura has said. Addressing concerns over the influence of digital…

08 May 2025 - MAY 8 – Walt Disney has announced plans to open its first theme park in the Middle East. The resort, which will be in the United Arab Emirates (UAE) on Abu Dhabi’s Yas Island, is a collaboration between Walt Disney and local leisure and entertainment…

08 May 2025 - A Congolese delegation led by the Congo Republic’s president, Sassou-Nguesso, met with Russian counterpart Vladimir Putin and his team to discuss the relationship between their countries.

08 May 2025 - In this newsletter, we are covering the types of rental houses with the highest profit margins, the Kenyan Government’s Ksh6 billion payment to a French firm despite cancelling the contract, and a businessman surrendering himself to the DCI over the MP'…

08 May 2025 - Editor’s note: Andrey Kortunov, a special commentator on current affairs for CGTN, was director general (2011-2023) and academic director (2024-2025) of the Moscow-based Russian International Affairs Council. The article reflects the author’s opinions…

08 May 2025 - NAIROBI, Kenya, MAY 8 – Microsoft’s 2025 Work Trend Index (WTI) Report has identified the emergence of the “Frontier Firm”—a new kind of enterprise leveraging artificial intelligence (AI) and hybrid human-agent teams to redefine productivity, talent…

07 May 2025 - The Ruto administration awarded the construction of the highway to undisclosed Chinese investors following the fallout with the French partners.

07 May 2025 - The Ruto administration awarded the construction of the highway to undisclosed Chinese investors following the fallout with the French partners.

07 May 2025 - East Africa’s real estate market has defied global headwinds to record impressive growth from Nairobi’s logistics boom to Dar es Salaam’s affordable housing demand.

07 May 2025 - Global Credit Rating (GCR) has released its updated public rating of Equity Group Holdings Plc, revising the Group’s long-term issuer rating to A (KE) from AA- (KE), with a Stable Outlook.

07 May 2025 - The trend of firms going slow on permanent hires has seen the share of casual workers in formal office and factory jobs rise gradually from 15.2 percent in 2020 to 17.4 percent last year.

07 May 2025 - The government has refrained from aggressive tax-raising measures in the Finance Bill, 2025 and instead is leaning towards sealing leakages to avoid a repeat of youth-led protests that met last...

07 May 2025 - A new crop of diners is rewriting the rules, boldly declaring: You don't need company to enjoy brunch.

07 May 2025 - Often described as the "nerves" of an economy, roads are far more than stretches of tarmac—they are critical enablers of commerce, connectivity and national development.

07 May 2025 - The development comes exactly 120 days since President John Dramani Mahama returned to office, marking a critical checkpoint in his administration’s efforts to stabilize the economy after years of fiscal distress. Ghana’s consumer inflation eased for a…

07 May 2025 - Official KNBS data shows that the value of these houses subsequently fell to Sh4 billion from 11 billion.