Business

30 October 2024 - The Nairobi Securities Exchange (NSE)-listed firm’s turnover grew by 20.1 percent to Sh2.07 billion, but rising expenses ate into the growth of its margins.

30 October 2024 - According to the petitioners, the loans were secured through charges on their properties, and they (petitioners) substantially settled the loan.

30 October 2024 - The entire mushroom production cycle takes about 42 days, starting from preparing the substrates and planting of seeds referred to as spawns.

30 October 2024 - Truth be told, the global financial architecture has failed Africa, and the IMF is failing countries like Kenya.

30 October 2024 - The upgrade has increased the product flow rate on the 14-inch pipeline, popularly known as Line IV, by 56 percent to 515 cubic meters(M3) per hour up from the current 330.

30 October 2024 - While employees in the formal sector, particularly those earning above Sh100,000 have borne and felt the SHIF burden through hefty pay cuts, it is yet unclear on the means testing to identify...

30 October 2024 - In its efforts to ensure a consistent flow of capital to support its Environmental, Social, and Governance (ESG) projects, telco service provider Safaricom has hinted at the possibility of issuing a green bond in the future.

30 October 2024 - Justice Nixon Sifuna dismissed the appeals saying buying of the kits was done in a manner that was neither transparent nor accountable.

30 October 2024 - In order to conduct a good analysis, it takes a strategic and inquisitive mind to come up with the right questions and phrase them as solution-oriented issues.

30 October 2024 - Rusagro Holding, a Russian agricultural firm, is in talks with East African countries to supply grain, potentially starting a new trade partnership and boosting regional food security.

30 October 2024 - CAK observed that the acquirer intends to merge NBK with its local subsidiary, resulting in elimination of some jobs.

30 October 2024 - A recent case in Kenya highlighted the importance of ensuring that non-compete clauses are carefully drafted to avoid unjustly restricting an employee's ability to work.

30 October 2024 - Unit trusts have equally raised their holdings of immovable property in the same period by 77 percent to Sh914.8 million, from Sh517.1 million previously.

30 October 2024 - The17 Sustainable Development Goals (SDGs) of the United Nations are intended to solve a wide variety of socio-economic and environmental issues by 2030, including within Africa. However, the level of progress varies, depending on which African…

30 October 2024 - Helicopters have become key players in modern militaries, offering flexibility for combat, surveillance, transport, and humanitarian missions. In Africa, Egypt has the biggest military helicopter fleet with 338 choppers, ranking it 11th in the world.

30 October 2024 - An ethical business is one that takes steps to uphold the bill of rights and this includes upholding consumer rights.

30 October 2024 - Tensions have risen in the Middle East in the recent weeks amid conflict between Israel and Hezbollah in Lebanon and Hamas in Gaza.

30 October 2024 - LONDON, Oct. 30 (Xinhua) — The Labour Party government unveiled its first budget on Wednesday, planning to raise taxes by 40 billion pounds (51.9 billion U.S. dollars) a year. The Chancellor of the Exchequer Rachel Reeves delivered her budget…

30 October 2024 - Pollution is frequently addressed in terms of health and environmental concerns, but its economic toll in several African countries poses a significant conversation. As Africa urbanizes rapidly, pollution-related costs also rise, straining public…

30 October 2024 - NAIROBI, Kenya, Oct 30 – Safaricom has rolled out a two-day Cybersecurity Summit to raise awareness among businesses, governments, and individuals about the importance of investing in technology to safeguard sensitive information and critical…

30 October 2024 - Brokers and millers are having a field day securing maize at low prices.

30 October 2024 - Africa's labour market has lagged behind in terms of productivity compared to other regions, and this disparity can be attributed to various factors. These include the continent's economic structure, limited technological advancement among others.

30 October 2024 - Africa's labour market has lagged behind in terms of productivity compared to other regions, and this disparity can be attributed to various factors. These include the continent's economic structure, limited technological advancement among others.

30 October 2024 - Saudi Arabia is nearing the final stages of negotiations for a stake in a copper mine in Zambia, with a deal anticipated by the end of the year.

30 October 2024 - NAIROBI, Kenya, Oct 30 – Kenya Pipeline Company (KPC) has completed an upgrade of the Nairobi-Eldoret pipeline to increase petroleum product transportation and meet growing demand in Kenya’s western region. The second phase of the Line IV project…

30 October 2024 - NAIROBI, Kenya, Oct 30 – Nairobi Gate Industrial Park is investing Sh903 million ($7 million) to expand its capacity by adding 130,000 square feet of modular warehouse units. The project aims to support Kenya’s light manufacturing sectors, including…

30 October 2024 - OCT 30 – Some users on X who spend their days sharing content that includes election misinformation, AI-generated images and unfounded conspiracy theories say they are being paid “thousands of dollars” by the social media site. The BBC identified…

30 October 2024 - OCT 30 – A lack of information is slowing the adoption of regenerative agriculture among smallholder farmers, as discussed at the Africa Food Systems Forum during a panel titled ‘Regenerative Revolution: Building Sustainable Solutions for…

30 October 2024 - COLOMBO, Oct. 30 (Xinhua) — Sri Lanka’s overall inflation rate, measured by the Colombo Consumer Price Index (CCPI) on a year-over-year basis, dropped to -0.8 percent in October, down from -0.5 percent in September, according to the latest data…

30 October 2024 - Delmonte denied liability, arguing that Metrotrans was an independent contractor.

30 October 2024 - This week, Moniepoint, an African startup, joined the expanding roster of African unicorns after securing $110 million in equity funding.

30 October 2024 - Nakuru, Makueni and Kitui account for 16.13 percent of the country's total road network of 239,122 kilometres.

30 October 2024 - Malawi's Energy Regulatory Authority has blamed black market operators for escalating the country's ongoing fuel shortage, accusing them of exacerbating the crisis through illegal activities.

30 October 2024 - OCT 30 – Jumia has launched its Black Friday campaign, running from November 1 to 30, 2024, offering up to 50% off on over 10 million items, including electronics, fashion, and home goods. Key sponsors include Garnier, Xiaomi, Tecno, Jameson, and…

30 October 2024 - NAIROBI, Kenya, Oct 30 – Kenyan Micro, Small, and Medium Enterprises (MSMEs) are set to expand their reach within the East African Community (EAC), tapping into the region’s $305 billion GDP market. During Kenya Day at the annual EAC MSMEs Trade…

30 October 2024 - NAIROBI, Kenya, Oct 30 – Inspector General (IG) of the National Police Service (NPS), Douglas Kanja Kirocho, has assured residents and businesses in Tatu City of enhanced security measures. The IG provided the assurance after paying a courtesy visit…

30 October 2024 - OCT 30 – Starbucks is dropping its much-hyped range of olive oil-infused coffees in the US and Canada from early November. The announcement comes less than a week after new boss, Brian Niccol, promised to shake up the coffeeshop giant’s menu in an…

30 October 2024 - The Schengen visa has become a popular travel option, perceived as a pathway to greener pastures and a brighter future as many citizens, especially in Africa seek to leave the continent.

30 October 2024 - It is different species, not different genders, that require different preventive and protective equipment such as pets, livestock, etc.

30 October 2024 - In many African countries rising Consumer price Index (CPI) has had a direct influence on living costs, raising the cost of basic needs such as food, transportation, and housing. As a result, residents, already financially vulnerable, find it…

30 October 2024 - HANOI, Oct. 30 (Xinhua) — The price of gold ring in Vietnam reached a new record high of 89.3 million Vietnamese dong (3,525 U.S. dollars) per tael on Wednesday morning, surpassing the gold bar price for the first time, local media reported. DOJI…

30 October 2024 - NAIROBI, Kenya, Oct 30 – Kenya declined slightly from fifth to sixth position on African states overall trade prospects, according to recent findings from the Stanbic Bank Africa Trade Barometer (SB ATB). The report highlights concerns over fiscal…

30 October 2024 - Investing in Money Market Funds (MMFs) remains one of the most popular options for Kenyans looking for stable, short-term returns. Here is a list of the top 15 performing MMFs in Kenya based on their daily average return in September 2024.

30 October 2024 - Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

30 October 2024 - Internet usage in Africa’s most populous nation, Nigeria, has declined for the first time in months. This is also following the recent drop in mobile subscription during the year.

30 October 2024 - SAN FRANCISCO, Oct. 30 (Xinhua) — Alphabet Inc., Google’s parent company, on Tuesday reported its third-quarter revenue at 88.3 billion U.S. dollars, up 15 percent from a year ago. Announcing its financial results for the quarter ending Sept. 30,…

30 October 2024 - NAIROBI, Kenya, Oct 29 – The Salaries and Remuneration Commission has initiated monitoring and evaluation visits across Kenya’s 47 counties to ensure compliance with its remuneration and benefits guidelines. The SRC states that the visits, which…

30 October 2024 - Running the cable through a doubling pulley doubles its strength and pulling power, but halves the winding speed.

30 October 2024 - Christabel Ojuok, co-founder and chief operating officer of RentScore Africa, explains how affordable home loans can be the hack to home ownership.

30 October 2024 - Ministry of Energy had requested the National Assembly to lift the moratorium specifically on coal-fired power plants.