Business

02 May 2025 - Lowering the taxes could also serve to quicken the adoption of digital assets in the country.

02 May 2025 - Ghana narrowly missed matching its 2023 crude oil production levels, recording a marginal shortfall of just 0.01%, equivalent to 7,000 barrels. By the end of 2024, total crude oil output stood at 48,240,010 barrels, slightly below the 48,247,037 barrels…

02 May 2025 - The pensioners sued their former employer and the scheme accusing them of reducing their lump sum payment.

02 May 2025 - NAIROBI, Kenya, May 2 – Kenyans may soon feel the pinch at the pharmacy, market, and even in their power bills if a raft of proposed tax changes in the Finance Bill 2025 sails through Parliament. The National Treasury, under Cabinet Secretary John Mbadi…

02 May 2025 - Patel’s latest shareholding in Absa means he will earn a dividend of Sh113.8 million per year.

02 May 2025 - Adani Ports and Special Economic Zone Ltd., the company founded by billionaire Gautam Adani, is exploring port opportunities in South Africa as it relaunches its international expansion efforts to strengthen its position in the global maritime industry.

02 May 2025 - Adani Ports and Special Economic Zone Ltd., the company founded by billionaire Gautam Adani, is exploring port opportunities in South Africa as it relaunches its international expansion efforts to strengthen its position in the global maritime industry.

02 May 2025 - The movement of people in search of better economic prospects, safety from conflict, and improved living standards is a long-standing global phenomenon.

02 May 2025 - Kenya Power is facing rising project costs, with unpaid street lighting bills increasing to Sh808.6 million in the year ending June 2024 from Sh641.8 million the previous year.

02 May 2025 - In 2025, Nigeria and the Democratic Republic of the Congo (DRC) is home to the largest share of the world’s population living in extreme poverty, with 11.7% of the global extreme poor residing in these countries, all surviving on less than $2.15 a day,…

02 May 2025 - NYERI, Kenya, May 2 – Kenya Tea Management Services (KTMS) has assured tea farmers that consignments previously held at the Port of Mombasa are now being sold in international markets following the government’s decision to lift the ban on direct…

02 May 2025 - Foreign nationals who remain in Nigeria beyond the validity of their visas are now subject to stricter penalties under a newly enforced policy by the Nigerian government.

02 May 2025 - TOKYO, May 2 (Xinhua) — Japan’s average unemployment rate in fiscal 2024 came to 2.5 percent, down 0.1 percentage point from a year earlier, marking the first improvement in two years, government data showed Friday. In the fiscal year through March 2025…

02 May 2025 - The earnings reflect the benefits of favourable weather and the adoption of better husbandry practices.

02 May 2025 - The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has raised alarm over Nigeria’s deteriorating economic situation, stating that the average Nigerian is now worse off than they were at the time of independence in 1960.

02 May 2025 - In its latest round of cancellations, the U.S. government has scrapped 401 contracts worth $2.1 billion, including several involving African countries, alongside other international projects.

02 May 2025 - As the head of one of the world’s biggest tech giants, celebrating its golden anniversary, CEO, Satya Nadella shares his vision on reinvention, AI, and why relevance trumps longevity. Read on for the facts changing our world now. At 50, Microsoft stands…

02 May 2025 - Aliko Dangote, Africa’s richest man, says the Dangote group is on track to generate $30 billion in total revenue next year, despite growing concerns among global businesses about the potential impact of U.S. President Donald Trump’s trade tariffs.

02 May 2025 - The payout marks a 29 percent rise from 2023 earnings, driven by favourable weather and improved husbandry practices.

02 May 2025 - The ‘Visit Rwanda’ campaign has secured a new partnership with Spanish football giants Atlético Madrid, expanding its growing roster of elite football club sponsors.

02 May 2025 - The African Development Bank (AfDB) has authorized an annual payout of $650 million to Nigeria for five years.

02 May 2025 - MAY 2 – Businesses are bracing for possible impact after neighbours India and Bangladesh recently imposed tit-for-tat trade restrictions after months of verbal sparring. Last month, Bangladesh restricted land imports of cotton yarn from India to shield…

02 May 2025 - NAIROBI, Kenya, May 2 – The National Assembly has formally rejected the Public Transport (Motorcycle Regulation) Bill, which had proposed new taxes on bodaboda permits and licenses, effectively halting its progress through Parliament. The bill,…

02 May 2025 - The fivefold increase will mainly benefit senior government officials and corporate executives, who usually receive higher per diems for business trips.

02 May 2025 - NAIROBI, Kenya, May 2 – The National Treasury has called for public input on the Accountants Act (Amendment) Bill, 2025, which seeks to modernize Kenya’s accountancy regulations and align them with international standards. The proposed amendments to the…

02 May 2025 - MAY 2 – McDonald’s has suffered its biggest drop in US sales since the height of Covid, a fall that it said was driven by people’s concerns over the US economy. Despite a marketing tie-in with the Minecraft movie and extended price deals, US customers…

02 May 2025 - The move is aimed at resolving regional trade wars with Uganda and Tanzania, which have retaliated with their own tariffs.

02 May 2025 - By Monica Chege MAY 2 – Let’s be honest: we’ve all seen the panic posts—“AI is taking over marketing!” Cue the think pieces, the webinars, and the doomscrolling. But here’s what nobody’s saying loud enough: if you’re a marketer who leads with curiosity…

02 May 2025 - MAY 2 – Apple says it is shifting production of most iPhones and other devices to be sold in the US away from China, which has been the focus of President Donald Trump’s tariffs. The majority of the iPhones bound for the US market in the coming months…

02 May 2025 - NAIROBI, May 2 (Xinhua) — Kenya has submitted its Second Nationally Determined Contributions (NDCs) to the United Nations Framework Convention on Climate Change, outlining its roadmap to reduce greenhouse gas emissions and adapt to the impacts of…

02 May 2025 - The INTERPOL has cracked down on car theft, resulting in the total discovery of 150 stolen vehicles, primarily from Canada, being smuggled into Nigeria and other West African nations.

02 May 2025 - In this Newsletter, we are covering the recently tabled Finance Bill 2025 as well as President William Ruto’s Madaraka Day speech and how it affects your wallet.

02 May 2025 - FKE Executive Director Jacqueline Mugo was blocked from addressing Labour Day fete in Nairobi.

02 May 2025 - Treasury CS Mbadi has proposed to remove inputs and raw materials used to manufacture drugs and animal feed.

02 May 2025 - The National Treasury has chosen to walk away from tax measures that directly impact Kenyans and is instead taking away reliefs that could eventually lead to more expensive consumer goods.

01 May 2025 - NAIROBI, Kenya, May 1 – Faith-based organizations across Africa are stepping up their role in public health, with religious leaders pledging support for maternal health and cervical cancer prevention efforts during the Faith in Action Health Conference…

01 May 2025 - Last year’s Finance Bill introduced major taxation measures, but it was later withdrawn after days of protests across the country in June that saw protestors storm Parliament.

01 May 2025 - Pauline Nzisa Lanco now serves as an elected Rugby Africa exco member and chairs the Women's Rugby Advisory Committee.

01 May 2025 - Businesses dealing in zero-rated goods can reclaim input VAT, potentially lowering costs, whereas those offering exempt goods cannot, which may lead to higher operating expenses.

01 May 2025 - Disbursements from USAID, one of Africa's largest aid donors, were halted by Donald Trump on the 20th of January, 2025, shortly after the US president was inaugurated.

01 May 2025 - Since July 2023, the Kenyan workforce has been deducted 1.5 percent of their salaries to fund the scheme, with employers matching the contribution.

01 May 2025 - The President spoke during Labour Day celebrations in Nairobi following a proposal from the Central Organisation of Trade Unions (Cotu).

01 May 2025 - According to KRA, the taxable value of fringe benefit tax is the difference between the market interest rate and the actual interest paid on the loan.

01 May 2025 - For Njenga, art is an act of faith. He doesn’t impose on ideas—they come to him, and he works with what’s given.

01 May 2025 - Nigeria-based payment processor Paystack has been fined ₦250 million by the Central Bank of Nigeria (CBN), marking its largest known penalty since its founding in 2016.

01 May 2025 - The fivefold increase will mainly benefit senior government officials and corporate executives, who usually receive higher per diems for business trips.

01 May 2025 - The amendment comes at a time when the KRA’s attempts to link its systems with banks to have real-time transactional data flopped with lenders arguing their clients’ private data will be exposed.

01 May 2025 - Cotu and the government accused the Federation of Kenya Employers (FKE) of failing to effect the six percent minimum wage increase.

01 May 2025 - Once a rare sight, gyms have muscled their way into every neighborhood, piling up like sweaty towels after a high-intensity workout. First thing in the morning, or at the end of a busy workday, they flex their presence with round-the-clock access, shiny…

01 May 2025 - On May 1, 2025, at the national Labour Day festivities in Singida, President Samia Suluhu Hassan announced a 35.1% increase in Tanzania's minimum wage for public officials.