Business

16 June 2025 - NAIROBI, Kenya, June 16 – Agribusiness firm Kakuzi plans to spend over Sh1.2 billion for commercial and social impact projects. The funds will be used to expand agricultural production and value-added ventures for macadamia, avocado, livestock, and…

16 June 2025 - CALGARY, Canada, June 16 (Xinhua) — Hundreds of protesters took to the streets in downtown Calgary on Sunday as the Group of Seven (G7) leaders arrived in the city on their way to the two-day summit in Kananaskis in the province of Alberta. The…

16 June 2025 - NAIROBI, Kenya, June 16 – Kenya’s mini-grid solar operators are beginning to earn new revenue from their clean energy production through the sale of Renewable Energy Certificates (RECs), thanks to a platform known as Africa Renewables Katalyst (ARK).…

16 June 2025 - Ghana’s cedi, which briefly held the title of Africa’s best-performing currency in early June 2025, has hit a major stumbling block amid surging demand for U.S. dollars and a sharp decline in physical dollar liquidity at local banks.

16 June 2025 - Note: Cooking oil recorded a drop in price, with the cheapest 2-litre retailing at Ksh281 from Ksh299 last week, as milk drops to Ksh40 per 500ml packet. Every Monday, we publish the prices of 4 basic goods across four supermarkets in Nairobi.

16 June 2025 - JUNE 16 – Leonard Lauder, the businessman who built Estee Lauder into one of the world’s biggest cosmetic makers, has died aged 92. Lauder joined his parents’ company in 1958 and served as chief executive for 17 years. He was an accomplished dealmaker…

16 June 2025 - NAIROBI, Kenya, June 16 – More than 100,000 small businesses across the country will benefit from a Sh5 billion grant to boost the enterprises, President William Ruto has announced. The President said the government, in partnership with the World Bank…

16 June 2025 - Given the increase in the global average fuel price in June 2025, rising from $1.25 to $1.27 per liter), several African countries have followed suit as they continue to face high fuel costs.

16 June 2025 - Hello and welcome to the Money News Roundup Newsletter. Today, we’re covering the Quality Healthcare and Patient Safety Bill 2025, increased fuel prices, and the former KRA chair snapping up a Ksh1.6 billion stake in a major financial solutions…

16 June 2025 - Global energy management and automation giant Schneider Electric is marking ten years since it began operations in Kenya, highlighting its contributions to sustainable energy, digital infrastructure, and technical skills development.

16 June 2025 - Drop comes after CoB raises eyebrows on over-budgeting by National Treasury.

15 June 2025 - The Middle East for the last few years has been no stranger to missile strikes, as tensions in the region continue to escalate with no real end in sight. The effects of these hostilities have unfortunately found their way into Africa, particularly…

15 June 2025 - As tensions between Israel and Iran reached dangerous new heights this past week, and continued into the early hours of a new week, African countries are speaking out, reflecting the continent’s diverse geopolitical stances yet unified in a call for…

15 June 2025 - HF is the top performing bank at the Nairobi bourse, having gained 64.3 percent over the past six months to Sh6.72, ahead of Cooperative Bank (24.1 percent), Absa Group (22.7 percent) and Stanbic...

15 June 2025 - Dangote Petroleum Refinery has announced a major fuel distribution initiative set to begin on August 15, 2025, aimed at transforming Nigeria’s downstream petroleum sector.

15 June 2025 - KQ says the payment debts owed to local banks, the State and external financiers are hinged on the infusion of funding into the business.

15 June 2025 - Retirement is yet to cross his mind, and he doesn’t think of what happens 11 years to come when he turns 90.

15 June 2025 - Denmark is rolling out a new education-focused strategy aimed at attracting more African students to its universities, similar to its western counterparts, as part of a broader plan to foster stronger continental ties and expand its global influence.

15 June 2025 - East Africa is growing fastest in Africa at 5.9 percent. Ethiopia, Rwanda, Djibouti, Uganda and Tanzania lead growth. Kenya is relegated.

15 June 2025 - BasiGo is among the most advanced in the carbon finance space, with plans to begin trading verified carbon credits by the end of the next quarter.

15 June 2025 - The country was grey-listed in February 2024 by the Financial Action Task Force —a global anti-money laundering and terrorism financing watchdog —which cited shortcomings in the country’s...

15 June 2025 - The targeted properties are a parcel of land in Mavoko and two motor vehicles, which ARA alleged were acquired using funds generated from dealing or trading in narcotics substances.

15 June 2025 - South Africa has officially begun withdrawing its troops from the Democratic Republic of Congo (DRC), with the first group of soldiers having arrived in Pretoria last Friday night.

15 June 2025 - The budget cut comes at a time when Kenya continues to rank among the top 15 high-burden countries globally for both HIV and tuberculosis.

15 June 2025 - Kenya has over the years struggled to sustainably narrow the goods trade deficit, partly due to reliance on traditional farm produce exports such as tea, horticulture, and coffee which are...

15 June 2025 - The Federal Government of Nigeria has condemned the recent preemptive military strike carried out by Israel on Iran, describing the action as a dangerous escalation in an already volatile region.

15 June 2025 - Industry leaders are calling for urgent, coordinated action from the Ministry of Transport, Kenya Airways, and other regulators. Without decisive steps, the sector may face more farm closures...

15 June 2025 - US philanthropist and Microsoft co-founder Bill Gates has commended the Sahel nations of Burkina Faso, Mali, and Niger for maintaining stable healthcare systems despite military rule while urging Nigeria, particularly its northern states, to urgently…

15 June 2025 - KRA primarily validates the accuracy of VAT returns by checking whether input and output VAT are correctly reported and reconciled.

15 June 2025 - Organisations must map out their specific scope 3 value chain activities to calculate their emissions. The measurement process relies heavily on data sharing across the value chain, including...

15 June 2025 - Tesla has officially opened its first African office in Casablanca, Morocco, marking a strategic milestone in the company’s global expansion plans.

15 June 2025 - By securing this leadership position, Kenya has a platform to influence decisions around funding, scientific research, and policy direction that could directly benefit its marine zones and those...

15 June 2025 - Apart from Zipline, other local companies such as Astral Aerial Solutions and Kenya Flying Labs are helping to develop an ecosystem for delivering healthcare by drone.

15 June 2025 - Plastic surgeon Dr Benjamin Wabwire explains the current landscape of clinical weight management and why deeper scrutiny is necessary before taking the plunge.

15 June 2025 - The budget of Kenya’s Financial Inclusion Fund, well known as the Hustler Fund was clipped in the financial year 2025/26 budget read by Cabinet Secretary John Mbadi on June 12, 2025.

15 June 2025 - The modern workplace is drowning in information, and it’s serving productivity a steady diet of distractions. The information overload has led some experts to suggest that we are living in the era of ‘infobesity’–a weighty issue that needs a swift…

15 June 2025 - Kenya aims to ignite local phone assembly through tax breaks, but a contentious VAT proposal threatens to push device costs higher.

15 June 2025 - Petition alleges that African staff at the operational core were systemically denied the opportunity to benefit from the firm's success.

15 June 2025 - Court lifted the order after the commission complained that its operations had ground to a halt due to a lack of funds.

15 June 2025 - JUNE 15 – Construction is booming in Somalia’s capital city and as Mogadishu literally rises from the ashes of its violent past it is also giving unexpected opportunities to women like Fathi Mohamed Abdi and Saadia Ahmed Omar. The two young female…

15 June 2025 - NAIROBI, June 15 (Xinhua) — Kenya’s foreign exchange reserves maintained upward momentum this week, rising by 357 million U.S. dollars to reach a record high of around 10.94 billion dollars, the Central Bank of Kenya (CBK) said in its weekly financial…

15 June 2025 - NAIROBI, Kenya, June 15 – Shell Club, the loyalty program run by Vivo Energy Kenya, marked Father’s Day by offering direct assistance to select long-time customers who are single or widowed fathers. The initiative identified Shell Club members from…

15 June 2025 - Kenya's premier research institution staring at a possible closure unless it gets financial resources.

15 June 2025 - The boy who grew up on the wrong side of Muthaiga has done well for himself.

14 June 2025 - In a sweeping escalation of U.S. immigration controls, President Donald Trump's administration is reportedly considering extending travel ban to citizens of 36 additional countries—25 of them in Africa.

14 June 2025 - The southern African country of about three million people is not only the continent’s top performer but also the only African nation to break into the top 10 worldwide, a milestone fueled by its unprecedented leadership configuration. Namibia is…

14 June 2025 - A senior U.S. diplomat has stated that the United States is intensifying pressure for rapid progress in peace talks between Rwanda and the Democratic Republic of Congo (DRC), with the goal of brokering a peace agreement as early as June or July.

14 June 2025 - Shipping lines have already announced an increase in charges to facilitate marshalling, cleaning, and inspection of containers.

14 June 2025 - South Africa, Africa's largest economy, is currently experiencing its most prolonged streak of foreign equity outflows in five years, with investors withdrawing a substantial $3.7 billion from the local stock market since October 2024, a data released…

14 June 2025 - In the workplace, we often assume that fairness means treating everyone exactly the same. The same treatment, same rules and same opportunities. It sounds entirely reasonable–perhaps even admirable. After all, most of us were raised to believe that ‘…