Business

04 November 2024 - What makes non-tech businesses a smart investment? The first thing to understand is that non-tech businesses aren’t "old-fashioned" or “slow.”

04 November 2024 - There are potential obstacles that may arise from linking M-Pesa paybill and till numbers to the Kenya Revenue Authority (KRA)'s electronic tax invoice management system (eTIMS) or making them ETRs.

04 November 2024 - Telkom’s woes trace their genesis to the beginning of April 2022, when the industry regulator started switching off SIM cards that were not regularly registered.

04 November 2024 - Earnings from tourism hit a record high of Sh352.54 billion last year driven by a jump in visitor numbers, significantly lifting one of Kenya's biggest foreign exchange earners.

04 November 2024 - Cuts to education and health are for instance expected to adversely impact long-term economic growth and human capital formation.

04 November 2024 - Official data shows the inflows from South Africa more than doubled in the first nine months of 2024 compared with a year earlier but remained more than nine times lower than four years ago.

04 November 2024 - A panel of three, Dantez Mwendwa, Vaishali Morjaria and Calvin Oyula moderated by Mike Strano, gave insight into the filmmakers' ambitions, challenges, and sacrifices.

04 November 2024 - In the wake of claims that a Nairobi City County land title deed was used by a private developer to secure a Ksh1.9 billion loan from a local bank, the accused real estate firm, Jabavu Village Ltd, has refuted the claims.

04 November 2024 - Brookside’s General Manager for Marketing Linda Obado, said that the processor intends to further boost the uptake of its products, as it targets a larger share of the local institutions market...

04 November 2024 - Kenya plans to build a 1,000-megawatt nuclear power plant from 2027 at an estimated cost of $5 billion (Sh645 billion), as part of Kenya National Electrification Strategy.

04 November 2024 - The Cabinet in May last year directed Kenya Power to transfer part of its transmission assets to Ketraco in a push to help the electricity distributor clear debts.

04 November 2024 - When Kenya launched the SGR on December 1, 2017, it was seen as a game-changer, facilitating cargo transportation and enhancing people-to-people exchanges.

04 November 2024 - NAIROBI, Nov. 4 (Xinhua) — For James Kariuki, a macadamia farmer in central Kenya since 1997, cultivating macadamia nuts has been a double-edged sword. While the crop promises high yields and potential income, the journey from harvest to market is…

04 November 2024 - South Africa is back again, this time not with an alien story but with a dystopian future one.

04 November 2024 - NAIROBI, Kenya, Nov 4 — Real estate firm Jabavu Village Limited (JVL) has refuted claims of delays in the construction of Ngara’s Jevanjee Housing Estate, asserting that the affordable housing project remains on track and financed through legally…

04 November 2024 - Four African countries made it onto the list, with three hailing from South Africa. These cities prioritize education, inclusive policies, a robust economy, mobility, environmental protection, and access to green spaces.

04 November 2024 - If we look back, Finance Act 2023 had stirred nationwide debate since its passage, largely over concerns about the government’s approach to public participation and the economic impact of new tax...

04 November 2024 - America’s foreign policy will be a big issue. Middle East crisis shadow in Gaza is a crucial matter that has both candidates gasping for breath on pronouncements to commit.

04 November 2024 - Los Angeles’s Erewhon, one of the world’s most expensive grocery stores, is a favorite among celebrities and personal chefs. It’s known for lining its shelves with upmarket pro- duce, focusing on items that are both certified or- ganic and…

04 November 2024 - Russia and Zimbabwe’s bi-lateral relationship continues to be productive as both countries recently embarked on a geological mission.

04 November 2024 - Cocoa farmers in Ghana are hoarding their products in anticipation of an increment in the price of cocoa.

04 November 2024 - Zambia’s plan to increase its stake in certain mining projects won’t affect existing operations or exploration efforts, a senior government official confirmed.

04 November 2024 - DAR ES SALAAM, Nov. 4 (Xinhua) — The number of Chinese tourists visiting Tanzania’s tourist attractions has been on a remarkable rise since the end of the COVID-19 pandemic, a Tanzanian tourism official has said. Hassan Abbasi, permanent secretary…

04 November 2024 - NAIROBI, Kenya, Nov 4 – The pirated sports streaming site “score808.US” has been shut down in Nairobi following a coordinated operation by the Kenya Copyright Board (KECOBO) and the National Police Service. The raid, conducted in Makadara Subcounty…

04 November 2024 - A Business Daily spot check showed that neither business nor residential packages were available for purchase in any of the five counties, including Nairobi.

04 November 2024 - Treasury CS John Mbadi wants stiffer fines for officials and institutions that ignore prudential guidelines and standards set by the Central Bank of Kenya.

04 November 2024 - ANKARA, Nov. 4 (Xinhua) — Türkiye has launched a tax compliance initiative targeting small and medium-sized enterprises (SMEs) to strengthen budget stability and curb unregistered economic activity. The move, part of a broader effort to improve…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Four State Agencies have jointly resolved to acquire modern scanner technology for Kenya’s border points, aiming to streamline operations and boost revenue at all ports of entry. The agencies—Kenya Bureau of Standards (KEBS…

04 November 2024 - Personal income tax (PIT) is a key component of a country's tax system, driving economic progress and growth. The tax rate is adjusted based on income level, filing status, and other factors, impacting the amount of tax payable across countries.

04 November 2024 - NAIROBI, Kenya, Nov 4 – French-owned hotel brand Novotel has expanded into Nairobi’s Westlands area with a new property featuring 347 rooms and suites, designed for travelers seeking adventure, relaxation, and business convenience. This latest…

04 November 2024 - The Kenya National Chamber of Commerce and Industry (KNCCI) board of directors has announced the appointment of Ahmed Farah as the chamber’s new CEO.

04 November 2024 - Prince William arrived in Cape Town on Monday for a four-day visit to South Africa focused on his annual Earthshot Prize, which honours environmental innovators.

04 November 2024 - NOV 4 – Major carmakers in China and Germany have expressed their opposition to the European Union’s decision to impose additional tariffs on China-made electric vehicles, which they said is protectionist and harmful. The newly added tariffs, which…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Kenya has emerged as the country where individuals spend the most time on social media, a new report has revealed. The GWI report compiled by Cable.co.uk revealed that most Kenyans spend an average of three hours and 43…

04 November 2024 - NAIROBI, Kenya, Nov 4 – The Kenya National Chamber of Commerce and Industry (KNCCI) has appointed Ahmed Farah, former Country Director of TradeMark Africa (TMA) Kenya, as its new CEO. Farah takes over from Patrick Nyangweso, who held the position…

04 November 2024 - LONDON, Nov. 4 (Xinhua) — The British government has announced a 2-billion-pound (about 2.59-billion-U.S. dollar) reduction in its Official Development Assistance (ODA) budget, reducing foreign aid spending from 0.58 percent of Gross National…

04 November 2024 - The advent of social media has revolutionized the way individuals communicate, connect, and share information. While social media has numerous benefits, its impact on productivity is a topic of growing concern as users spend more daily time on the…

04 November 2024 - Today, much of the conversation centres around the National Treasury’s proposed changes to the tax regime through the Business Laws Amendment Bill 2024, the Tax Laws (Amendment) Bill 2024, the Tax Procedures (Amendment) Bill 2024, and the Public…

04 November 2024 - Countries such as the Democratic Republic of Congo, Mali, and Cameroon not only use French as an official language but also as the native tongue for parts of their population.

04 November 2024 - NOV 4 – Environmental campaigner Julie Bolthouse points out that Northern Virginia has the world’s largest concentration of data centres. This is not something she is thrilled about. “We’re the Wall Street of the data centre industry,” says Ms…

04 November 2024 - VIENNA, Nov. 4 (Xinhua) — Eight member countries of the OPEC+ oil-producing group anounced on Sunday to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to ongoing weak oil prices…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Uber has partnered with Safaricom to provide free data bundles to drivers, delivery partners, and riders using the Uber and Uber Eats apps. In this arrangement, Safaricom has zero-rated the Uber apps, allowing free access…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Kenyan recruitment platform BrighterMonday has teamed up with ed-tech company Arifu to launch the #BeaBossLady initiative, a program designed to support and empower women aged 18-35 across Kenya, Uganda, and Nigeria. This…

04 November 2024 - TOKYO, Nov. 4 (Xinhua) — The Japanese government is unlikely to present its planned cybersecurity bill by the end of this year due to political uncertainties following the recent general election, Kyodo News reported Sunday, citing government…

04 November 2024 - NAIROBI, Kenya, Nov 4 – Tourism stakeholders are urging the government to lower taxes in the sector, especially as the festive season approaches, to boost tourist numbers. At a Tamarind Tree Hotel event, General Manager John Musau advocated for…

04 November 2024 - The fresh proposals are part of recommendations backed by the International Monetary Fund.

04 November 2024 - Parliamentary Budget Office says the government should improve tax administration through better enforcement of policies.

04 November 2024 - Nigeria's Dangote refinery has raised alarm over the import of substandard petroleum products into the country and the lack of laboratory facilities by the country's oil regulator.

03 November 2024 - Developing the skills needed to compete in the global digital economy is critical.

03 November 2024 - The World Bank reckons that the domestic consumers could be forced to pay more should the large consumers migrate to the new entrants.