Business

28 October 2024 - Employment and Labour Relations Court Judge Hellen Wasilwa said the contracts of all the 108 employees alleged to have been sent on compulsory leave, should be attached to the proceedings.

28 October 2024 - Insiders said the implementation of the exemptions would however depend on ongoing evaluations on compliance risks.

28 October 2024 - The strike is likely to disrupt learning activities as well as various examinations in universities.

28 October 2024 - Technological advancements, regulatory changes, and shifting consumer expectations have created a landscape where long-term planning feels more like a gamble.

28 October 2024 - Nairobi, the biggest spender over the 11 years to June 2024, spent Sh278.4 billion, largely being disbursements from the Treasury (Sh173.2 billion) and its own revenues (Sh105.2 billion).

28 October 2024 - While medical insurance may cover hospital bills, critical illness coverage offers a comprehensive safety net.

28 October 2024 - Fresh data from CBK indicates that Kenyans in the diaspora sent home $418.5 million in September, adding to the cumulative $3.22 billion remitted during the eight-month period to August this year.

28 October 2024 - The stock traded within a range of Sh4.07 and Sh4.50 per share, moving 594,300 units on the day for a total traded turnover of Sh2.48 million.

28 October 2024 - The content creation and social media influencing space has grown exponentially, now worth $250 billion. Creators have evolved from just entertaining, to earning millions directly from social media platforms as seen in the latest Forbes top creators…

28 October 2024 - GCR has cited Police Sacco’s solid asset quality in contrast to peers in the savings and credit cooperatives sector and its strong capitalisation and reliable funding.

28 October 2024 - It is crucial for emerging markets to adopt energy strategies that align with their specific realities and address the needs and priorities of their citizens.

28 October 2024 - NSE data shows that the price of the 8.5-year IFB sold in February 2024 has gone up to Sh112.96 per unit of Sh100, implying high demand from buyers.

28 October 2024 - The film sticks to a 2000s superhero look and feel, and Eddie and Venom’s banter remains its biggest strength.

28 October 2024 - With regard to variables such as taxes, subsidies, and governmental regulations, diesel costs differ significantly between African countries. Significant disparities in diesel prices result from how well an administration manages the opportunities…

28 October 2024 - The eCommerce Day East Africa | Kenya is set to take place from November 18 to November 20, offering a dynamic three-day event designed to inspire and empower professionals in the e-commerce industry.

28 October 2024 - He was freed after key witnesses, including Energy ex-minister Kiraitu Murungi, declined to testify in the case.

28 October 2024 - It goes without saying that the primary source of energy for residents of the West African country of Nigeria, is electricity. While not an ideal figure, a little over 50% of households are connected to the national grid.

28 October 2024 - For the audience, Our Land, Our Freedom is worth seeing. This is a perfect companion piece for those archival clips that play throughout the day during Mashujaa Day.

28 October 2024 - The African Development Bank (AfDB) estimates that the continent requires between $130 and $170 billion annually to meet its infrastructure demands.

28 October 2024 - As the world recovers from the disruptions of recent years, business travel is making a steady comeback. By 2032, Lagos, Nigeria's commercial capital is predicted to have the largest share of business travel spending in the world.

28 October 2024 - Vasundhara Oswal, the daughter of Swiss-Indian billionaire Pankaj Oswal, has been released on bail after three weeks but will remain in Uganda to face legal battles in connection to a missing person’s case.

28 October 2024 - Tech companies have overtaken broadcast platforms as the most valuable media brands in the 2024 Brand Finance media ranking. Major broadcast media operators, such as Disney, Fox, and NBC lost out in the ranking as tech companies dominated the top…

28 October 2024 - Uganda’s economy has been predicted to experience a slowdown in 2025 as the country prepares to elect new leaders in the 2026 general elections.

28 October 2024 - DHAKA, Oct. 28 (Xinhua) — The Bangladeshi government will float soon open tenders for the construction of 10 solar power plants in the country, Chairman of the Bangladesh Power Development Board (BPDB) Md Rezaul Karim said here Sunday. He added that…

28 October 2024 - NAIROBI, Kenya, Oct 28 – Airtel Africa has rebounded to profitability for the full year ending September, achieving Sh10.2 billion ($79 million) in profit, a 726.3 percent increase compared to a Sh1.7 billion loss during the same period in 2023. The…

28 October 2024 - Thirty percent of consumers who bought goods or services on credit used local shop arrangements.

28 October 2024 - By Otieno Panya OCT 28 – Kenya is at a critical juncture in its journey toward becoming a middle-income country. With the rising demand for social amenities, persistent budget constraints and ballooning public debt, the country needs to explore…

28 October 2024 - When the US Federal Bank (Fed) announced an aggressive 0.5% cut to interest rates in September; the Central Bank of Kenya (CBK) recently slashed its benchmark interest rate from 12.75% to 12% (2), following on from a previous cut of 0.25% in August…

28 October 2024 - A new report has shown that most people in the Nairobi Metropolitan area are choosing to live in satellite towns such as Juja, Ongata Rongai, and Kitengela. This shift comes as property and rental prices in these areas remain competitive compared to…

28 October 2024 - By Anthony Hutia OCT 28 – Samsung is making significant strides in the Kenyan market, by establishing innovative partnerships that are integrating artificial intelligence (AI) and advanced technology into the daily fabric of life. Through these…

28 October 2024 - By Stephen Mutoro OCT 28 – The prevalence of gambling addiction among children and minors is a pressing issue that demands attention of all Kenyans. Ethical and social responsibilities of betting firms in safeguarding this vulnerable population from…

28 October 2024 - OCT 28 – China has urged the United States to stop arming the Taiwan region and undermining peace and stability across the Taiwan Strait, vowing to take resolute measures to safeguard national sovereignty, security and territorial integrity. The…

28 October 2024 - NAIROBI, Kenya, Oct 28 – Online brokerage firm HFM Kenya forecasts robust growth in Kenya’s banking, telecommunications, export, and renewable energy sectors in 2025, indicating favorable investment returns for stakeholders. However, the firm…

28 October 2024 - Displaced persons and refugees cross Africa's Sahel and lake chad region are set to benefit from a relief fund raised through the King Salman Humanitarian Aid and Relief Centre (KSrelief). The fund was made possible via donors who raised over USD 1.…

28 October 2024 - As far back as 1995, the former World Bank Vice President Dr Ismail Serageldin said: “If the wars of this century were fought over oil, the wars of the next century will be fought over water – unless we change our approach to managing this precious…

28 October 2024 - South African grocery retailer Pick n Pay (PIKJ.J) will exit Nigeria by selling its 51% stake in a joint venture as part of its strategy to restructure outside its home market.

28 October 2024 - OCT 28 – After handing the reins of power to Claudia Sheinbaum on 1 October, Mexico’s outgoing president, Andrés Manuel López Obrador, hoisted her arm aloft in a joint show of victory. López Obrador – a hugely popular but controversial figure in…

28 October 2024 - NAIROBI, Kenya, Oct 28 – A single dollar of digital investment could yield an $8.3 return in a country’s digital economy, according to Huawei’s Global Digitalization Index (GDI) unveiled at GITEX Dubai 2024. Developed in collaboration with the…

28 October 2024 - Dangote Cement Plc has made commitment to Nigeria’s clean energy future with an investment of over $280 million (₦460 billion) in compressed natural gas (CNG) technology and infrastructure.

28 October 2024 - The prospect of finding a job on foreign soil has led to the expansion of Kenyan refugees in Qatar.

28 October 2024 - OCT 28 – McDonald’s is resuming sales of its Quarter Pounder burgers in all of its US restaurants after ruling out its beef patties as the source of an E. coli outbreak that left at least one person dead and dozens of others ill. The fast food giant…

28 October 2024 - NAIROBI, Kenya, Oct 28 – A new guidebook has been launched to help judicial officers and businesses navigate corruption-related issues. The Business Guide on Anti-Corruption and Economic Crimes Law in Kenya, developed by the Kenya Association of…

28 October 2024 - Transactions during the period rise from Sh5.09 trillion to Sh5.84 trillion.

27 October 2024 - The Treasury said that computerised chips would track the fueling schedules and volumes of each vehicle.

27 October 2024 - Companies that fail to file beneficial ownership information risk being declared as not carrying on business and would be subsequently struck off from the register.

27 October 2024 - It is imperative that we recognise the dual forces reshaping our digital landscape: cybersecurity threats and the rise of Artificial Intelligence (AI).

27 October 2024 - The drafters of the Bill mysteriously do not define who a commercial grower is, but they state that a grower is a person who cultivates horticultural crops including a small-holder farmer.

27 October 2024 - Organisations must consider the impact of extreme weather events, natural and human-made environmental disasters on their operations and supply chain.

27 October 2024 - Kenya is seeking to diversify its sources of financing after deadly protests forced the government to abandon a raft of tax hikes and delayed disbursements from the IMF.

27 October 2024 - The deal will be a win for Noc given that the firm will get much-needed funds to revamp its collapsed network and help it compete in the local market.